DigiPath Corp Collaborates with Penn State College of Engineering on Product Design Improvement Project
Ryan Allway
October 16th, 2014
News, Top News
DigiPath Corp, a subsidiary of DigiPath, Inc. (OTCBB and OTCQB: DIGP), a digital pathology solution provider, is sponsoring a senior capstone design project through The Learning Factory at the Penn State College of Engineering, over the duration of the Fall 2014 semester.
Each year, the engineering students involved in these projects have the opportunity to showcase their abilities by applying their technical knowledge to solve a real-world industry problem. Organizations that fund these projects provide the Penn State students with a fantastic learning experience to bridge the gap between their collegiate careers and soon-to-be professional careers.
For this semester, DigiPath is sponsoring a project in which students will develop improvements to DigiPath’s existing means of transporting PathScope™, a highly sensitive digital pathology imaging system. The students will be focused on improving the design of the current transportation case in order to save money each time the PathScope™ is transported via commercial aircraft. According to the team at PSU, the new design is expected to save DigiPath approximately $30,000 annually.
“We are excited to be a sponsor of Penn State’s Learning Factory program,” stated Steve Barbee, President of DigiPath Corp. “Engineering students will get the challenge of solving a real-life problem, and DigiPath will get a superior design for our digital pathology equipment case. It’s a win-win.”
DigiPath’s Stephen Liberatore will be leading the project from DigiPath’s end. Mr. Libertore is a recent addition to the DigiPath team and a graduate of Penn State’s Biomedical Engineering Program. Upon completion, the team will be able to say they were a part of a project that helped save DigiPath thousands of dollars in travel expenses. DigiPath proudly supports The Learning Factory and the Penn State College of Engineering.
About DigiPath, Inc.
DigiPath, Inc., develops and markets accurate and affordable human and animal digital pathology solutions. The company is rapidly expanding into the botanical, nutraceutical, and cannabis industries with industry-leading testing, education, and training services.
For more information, go to www.digipath.com and www.digipath.biz.
Information about Forward-Looking Statements
This press release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the in demand for the Company’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. An example of such forward looking statements in this press release includes statements regarding the Company expansion into the botanical, nutraceutical and cannabis industries. For a more detailed description of the risk factors and uncertainties affecting DigiPath, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.govhttp://www.sec.gov/>. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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