Tidewater Portfolio Companies in the News

Phononic-- Winner of Fast Company's 2020 World-Changing Ideas Award; Opus Medical—Agrees to Deal With Major Chinese Medical Device Player

WILMINGTON, N.C. - May 22, 2020 - (Newswire.com)

​​​​​​​​Tidewater Equity Partners, a private investment firm based in Wilmington, is pleased to announce major news regarding two of its portfolio companies, Phononic and Opus Medical.


Phononic, Inc, a Durham, NC-based company specializing in cooling and heating with patented solid-state semiconductor technology, has been awarded Fast Company’s 2020 World-Changing Ideas Award. Fast Company is the world’s leading business media brand, with an editorial focus on innovation in technology, leadership, world-changing ideas, creativity, and design. Fast Company chronicles how changing companies create and compete, highlights new business practices, as well as to showcase the teams and individuals who are inventing the future and reinventing business.

Phononic received the Fast Company award based on development of the OACIS platform. The platform aims to eventually replace traditional compressor-based, HVAC cooling systems. The OACIS platform is the latest iteration of Phononic’s semiconductor technology, which has been deployed in the fields of medical refrigeration and food and beverage storage.

“The Tidewater team congratulates Phononic on yet more recognition of the power and potential of its technology,” said Merrette Moore, Managing Partner of Tidewater. “Although the company’s technology has potential in several markets, we have long maintained that climate control holds the most promise and value.”

Opus Medical

Opus Medical Therapies, LLC, an Atlanta, GA-based medical device company focused on developing transcatheter mitral and tricuspid valve replacement products for patients undergoing mitral and tricuspid valve disease, has recently announced a partnership with Venus Medtech Inc. to develop, manufacture and sell these TMVR and TTVR products in Greater China.

Venus Medtech is the leading transcatheter heart valve medical device player in China in terms of implantation volume. The Company focuses on the design, development and commercialization of transcatheter heart valve products.

This agreement, covering the whole Greater China market, will allow physicians and patients in this region to benefit from transcatheter mitral and tricuspid valve replacement. The combination is unavailable in any other market or from any other company.

“Venus has established a dominant position in the China TAVR market with its exceptionally safe and effective platform,” said Dr. Vivek Rajagopal, founder and CEO, Opus Medical Therapies.

“Tidewater has been very impressed with the progress Dr. Rajagopal and his team have made since our initial investment in 2018,” commented Merrette Moore. “The partnership with Venus is validation of the company’s early promise. We are confident that it will lead to a valuable array of groundbreaking, life-saving products.”

About Tidewater Equity: Tidewater Equity Partners is a North Carolina investment firm focusing on small company direct investment as well as healthcare venture capital.

About Phononic: Phononic, Inc, headquartered in Durham, NC, is revolutionizing cooling and heating with patented solid-state semiconductor technology.

About Opus: Opus Medical is an Atlanta, GA-based medical device company currently developing a novel, fully percutaneous platform for transcatheter mitral and tricuspid valve replacement.

Press Release Service by Newswire.com

Original Source: Tidewater Portfolio Companies in the News
More Press Releases

Globes carpet kicks off with big sleeves and shades of pink

Sep 28, 2020

NEW YORK — Cynthia Erivo and Greta Gerwig rocked sparkling chokers as the Golden Globes red carpet kicked off Sunday, with Erivo in a hand-beaded custom Thom Browne gown and Gerwig in black and cream. Both went off-shoulder for the big night in Beverly Hills, California. Erivo, the “Harriet” star and fashion standout, said her dress includes designs of her favorite flower, the peony, at the hem and in her lining. The short-sleeve gown, Erivo told E!, took 800 hours. A huge blue stone dropped from her short necklace. Shades of pink had an early trend moment on Kirsten Dunst...

Judge: No slander in Alec Baldwin's comments on parking spat

Sep 28, 2020

NEW YORK — Alec Baldwin didn't slander a man in interviews about a parking dispute that turned physical, a judge has ruled as dueling lawsuits between the actor and the other driver continue. Baldwin's remarks — including claims that Wojciech Cieszkowski's driving was “really fast,” “really aggressive” and made the actor think his wife and son were about to be run over — were "hyperbole" and "rhetorical illustrations," Manhattan judge David B. Cohen wrote Thursday. “They are words of frustration with someone's driving,” not accusations that amount to slander, Cohen wrote. He tossed out Cieszkowski's slander claim, but his assault...

Innovative fashion designers lead the way on sustainability

Sep 28, 2020

LONDON — Innovative fashion designers are turning to such things as horseradish and nettles to make sustainable clothing and accessories to the delight of a growing number of buyers. While more consumers are paying closer attention to how the production of goods impacts the environment, old habits die hard. A buy-and-toss mentality persists despite a boost from celebrities helping to drive the upcycle and vintage movements. Actress Maggie Q, who created an activewear line from recycled fabrics, is among activists who see plenty of room for improvement. She says she feels "sick about fast fashion.'' "You hear people say, 'Well,...

Streep, Miranda and Stone are named as Met Gala co-0chairs

Sep 28, 2020

NEW YORK — Next year's Met Gala may be the closest we'll ever come to getting a Miranda Priestly moment at the starry event. Meryl Streep has been named as a co-chair of the Metropolitan Museum of Art's Costume Institute. The Oscar-winner played Priestly, a thinly veiled fictional version of Vogue editor Anna Wintour, in the movie "The Devil Wears Prada." Wintour clearly has no hard feelings because she selected Streep as a co-chair along with Lin-Manuel Miranda and fellow Oscar-winner Emma Stone. Designer Nicolas Ghesquiere rounds out the group. The gala's theme is "About Time: Fashion and Duration," which...

ABC says interview with Epstein accuser wasn't ready to air

Sep 28, 2020

NEW YORK — ABC News faced questions Tuesday about its reluctance to air a sensitive story of alleged sexual misconduct after a leaked video emerged of reporter Amy Robach complaining about how her bosses handled an interview with a Jeffrey Epstein accuser. The conservative web site Project Veritas released video of Robach venting that "every day I get more and more pissed" that her 2015 interview with Virginia Giuffre never made the air. Robach made her remarks late in August while sitting in a Times Square studio with a microphone but not on the air. ABC said Tuesday that the...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases