Sony Buys Champaign-Based Medical Technology Company
Sony's purchase of a Champaign-based medical technology company will allow it to use lasers for more than consumer electronics.
iCyt is located in the University of Illinois' Research Park. Its flow cytometry machines count, examine, and sort cells, doing research as well as testing for diseases like AIDS and various cancers. The machine uses a laser that shines onto cells, optics that collect the light from them, and computers that process the information. iCYT founder and CEO Gary Durack says that laser technology isn't far removed from what Sony does with a CD or DVD player. He says Sony plans on keeping ICyt in Champaign, adding that's important while so many seek help from Springfield or Washington, DC to solve our economic problems.
"We can help build businesses here, we can create jobs here, we can work to make the University of Illinois the greatest research institution in the United States, and recognized for that," says Durack. "We can get on board with all kinds of things in this community to get together to build it." ICyt has 44 full-time employees, but Durack expects that number to grow soon. Financial terms of Sony's purchase of the company weren't disclosed.