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Company donates stock
Gift symbolizes appreciation
BioAdvanTek Inc., an Angola company, has donated common stock valued at $10,000 to Trine University. The young company specializes in antimicrobial technology.
The company makes products enhanced with antimicrobial protection to resist the growth of potentially dangerous bacteria, mold, mildew, and fungi. The technology can be applied or embedded into most products as an additive during the manufacturing process, providing protection for the life of the product, according to company officials.
Almost any surface can receive the treatment. The company’s product provides protection for manufactured surfaces for the medical and dental industries, consumer products, the manufacturing segment, the public domain, military and homeland security, and agriculture and foods. “It’s not a single product,” BioAdvanTek president and chief executive officer Richard Gorrell said. “There are unlimited applications in nearly every market.”
The company made the donation to show appreciation to the local community and Trine University for their support. “BioAdvanTek is dedicated to doing business in the local community and growing the economy in northeast Indiana,” said Sharon Sallot, vice president of business development. “Our initial support came from stockholders who are residents of this region, and this is our initial way of giving back to the community and thanking Trine University for their support as we launched our company.” Gorrell called the stock a small gift with enormous potential.
The company enjoys a unique relationship with the university, which provides engineering and technical support for the company. In addition, Gorrell graduated from Tri-State, now Trine University, and BioAdvanTek founders Dr. William Meyers and Dr. Chester Pinkham are retired Tri-State professors.