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
Latest News

Putin engineers shakeup that could keep him in power longer

Jun 5, 2020

MOSCOW — President Vladimir Putin engineered a surprise shakeup of Russia's leadership Wednesday, proposing changes to the constitution that could keep him in power well past the end of his term in 2024. Prime Minister Dmitry Medvedev resigned his post after Putin announced the proposed constitutional amendments. Putin kept his longtime ally in the Kremlin's leadership structure, appointing him to the newly created post of deputy head of the presidential Security Council. The shakeup sent shock waves through Russia's political elites who were left pondering what Putin's intentions were and speculating about future Cabinet appointments. Putin’s proposed constitutional reforms, announced...

Sultan Qaboos bin Said, who modernized Oman, dies at 79

Jun 5, 2020

DUBAI, United Arab Emirates — Oman’s Sultan Qaboos bin Said, the Mideast's longest-ruling monarch who seized power in a 1970 palace coup and pulled his Arabian sultanate into modernity while carefully balancing diplomatic ties between adversaries Iran and the U.S., has died. He was 79. The British-educated, reclusive sultan reformed a nation that was home to only three schools and harsh laws banning electricity, radios, eyeglasses and even umbrellas when he took the throne. Under his reign, Oman became known as a welcoming tourist destination and a key Mideast interlocutor, helping the U.S. free captives in Iran and Yemen and...

On streets of Tehran, relief for now at no wider conflict

Jun 5, 2020

TEHRAN, Iran — Iranian newspapers proclaimed the country's attack on U.S. forces in Iraq to be "a dark night for Americans," and Washington's "first admission of failure in history." On the bustling streets of Tehran, however, there was relief Thursday that neither side appeared primed for war. “War is not something like the ‘Call of Duty’ game," said Dara Shojaei, a 23-year-old architecture student. “It's not a game you can play to win. There's no winner.” But with the relief came some mixed feelings about how far Iran should go to avenge the killing of Revolutionary Guard Gen. Qassem Soleiman,...

Stocks rise as China confirms trade deal signing next week

Jun 5, 2020

NEW YORK — U.S stocks climbed in morning trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” accord is the opening step on a possible path toward a broader agreement between the nations. President Donald Trump has said he will travel to Beijing after the initial signing to start the second stage of talks. Every major index is on track for a record as Wall Street distances itself from a bout of anxiety over the last week because of tensions...

Soleimani, a general who became Iran icon by targeting US

Jun 5, 2020

TEHRAN, Iran — For Iranians whose icons since the Islamic Revolution have been stern-faced clergy, Maj. Gen. Qassem Soleimani widely represented a figure of national resilience in the face of four decades of U.S. pressure. For the U.S. and Israel, he was a shadowy figure in command of Iran's proxy forces, responsible for fighters in Syria backing President Bashar Assad and for the deaths of American troops in Iraq. Solemani survived the horror of Iran’s long war in the 1980s with Iraq to take control of the Revolutionary Guard’s elite Quds Force, responsible for the Islamic Republic’s foreign campaigns. Relatively...


Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com