Feb. 2, 2023 — The New Orleans BioInnovation Center (NOBIC) is excited to announce the acquisition of Fluence Analytics, a NOBIC and BioFund-supported company, by Yokogawa Electric Corporation.
The Fluence Analytics acquisition is a major milestone of success for the life sciences industry in New Orleans. NOBIC’s relationship with Fluence Analytics, formerly Advanced Polymer Monitoring Technologies (APMT), dates to 2012 when Alex Reed led the licensing and spin out of the core technology from the Tulane University Poly-RMC lab, led by Alex’s father, Dr. Wayne Reed. APMT received pro-bono company support and was housed at the New Orleans BioInnovation Center at 1441 Canal before opening a private facility in New Orleans.
The New Orleans BioFund provided the initial startup funding to support the deployment of a prototype. Subsequently, BioFund placed over eight additional follow-on capital placements in the fledgling company.