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LEHIGH VALLEY WEATHER

Ben Franklin loans $939,885 to firms

The Ben Franklin Technology Partners of Northeastern Pennsylvania Board of Directors has approved $939,885 in regional economic development.

Ben Franklin announces the following loans to early-stage company clients in the Lehigh Valley Press circulation area:

EggZack, Ben Franklin TechVentures, Bethlehem: $92,500. Complete software development for EggZack to integrate its platform with that of strategic partners and resellers. EggZack markets a proprietary software-as-a-service (SaaS) that requires only a single entry to update a client's website and other marketing functions, broadcasting the information immediately to 19 types of media, including social media such as Facebook, Twitter and LinkedIn, as well as the company website and blog, email, local media and publications.

MyNetwork, LLC, Bethlehem: $50,000. Launch MyNetwork's proprietary on-line tool at select colleges and universities and to the public. MyNetwork has developed a cloud-based contact relationship management application designed to help college students and professionals visualize, foster and strengthen relationships with the connections in their various social and professional networks.

Orbweaver Sourcing, LLC, Ben Franklin TechVentures, Bethlehem: $50,000. Complete development of a bill-of-material authoring tool as a module in a cloud-based software solution for electronic circuit board manufacturers. Orbweaver's software platform will allow for more well-negotiated terms with suppliers, thereby reducing costs and increasing productivity for clients.

Zzyzx Polymers, LLC, Allentown:$150,000. Transition Zzyzx Polymers' manufacturing process from lab-scale to commercial-scale to produce specialty plastics and new types of recycled plastics. Zzyzx uses a patented process that was developed during a decade of university research. This process allows Zzyzx to recycle plastics that would otherwise be sent to landfills, and to produce high-value plastic compounds that have increased impact resistance, conductivity and other important characteristics.