San Diego’s Cottage Industry of Marine Technology Innovation

11/18/09Follow @bvbigelow

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The Security Network, a related industry group focused strictly on defense and homeland security technologies.

Pool tells me he self-funded Sidus Solutions, and his key customers are typically specialized companies that drill exploratory holes as well as the main holes for offshore platforms. “In order to monitor their equipment, they need cameras to watch the subsea operations,” Pool says. Sidus Solutions also developed positioning technology that orients an ROV so it remains oriented with its cameras pointing at a target, and the company has patented some of its technology innovations. (Sidus also is currently seeking venture capital to expand its operations, Pool says.)

Pool also identified some other subsea technologies that will likely be discussed at the conference:

—Doppler acoustics systems developed in San Diego by SonTek are used to measure river and ocean currents as well as the speed and relative position of underwater robots. Pool says SonTek, part of Ohio-based YSI, also has developed deep-ocean sensors that measure a variety of environmental conditions, from water temperature and salinity to available light and how much biomatter is floating in the water.

Nereus Pharmaceuticals is a San Diego-based biotech that has been identifying and developing new drug candidates derived from marine microbes. Nereus describes its two anti-cancer drug candidates as “potentially best-in-class small molecules.” One drug candidate, which was derived from a marine fungus, disrupts the formation of tumor blood vessels and is being evaluated in a Phase 2 clinical trial for non-small cell lung carcinoma. Another drug derived from marine bacteria is being evaluated in multiple Phase 1 trials for multiple myeloma, solid tumors, lymphomas and leukemias.

—A variety of startup companies throughout the U.S., U.K., and Canada have been working on renewable energy innovations that can reliably and economically generate electricity from ocean waves. In Vancouver, BC, SyncWave Systems is developing what it calls the SyncWave Power Resonator, a 98-foot-long buoy designed to generate about 25 kilowatts as it bobs up and down among coastal waves. The company is planning a field demonstration next year off the west coast of Vancouver Island.

Alvin_SidusSolutions


Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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