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Traycer Diagnostic Systems Inc., which makes imaging systems based on terahertz technology developed at Ohio State University, has hired a new CEO from the broadband network industry and moved to the West Coast.
Dave Buse started as CEO in mid-October, the company confirmed to me Friday. Founder and Chief Technology Officer Lee Mosbacker has moved product development to South San Francisco.
The changes come one year after a $5 million investment from a Silicon Valley venture capital firm, Phoenix Venture Partners, of San Mateo, California.
Buse was most recently vice president and general manager of the storage network test business at Milpitas, California-based JDSU (NASDAQ:JDSU). He had been a senior vice president of that business atFinisar Corp. when JDSU acquired the division in 2009. Buse led growth of the testing division to 50 percent market share in the highly competitive industry of testing equipment for fiber-optic and broadband networks, according to Traycer's website.
Traycer's camera-like device uses terahertz waves, just below infrared in frequency, which penetrate materials like ceramic coatings to make images to check for flaws without damaging a product like X-rays do. It has been selling to laboratories and since the investment has been developing products that can withstand harsher production environments to get into manufacturing and security industries.
The seven-employee company decided as a team to move because a team of contract engineers was available in the San Francisco area, spokesman Tim Fulton said. Brad Beasecker, who had been CEO, is now CFO and stayed in Columbus with Fulton and Don Burdette, research director.
"We maintain a presence in Columbus," Fulton said.
Buse has 30 years of experience, including sales and management jobs at Raychem andTexas Instruments. A veteran of the U.S. Air Force, he has a bachelor's degree from the U.S. Air Force Academy and MBA from University of California–Los Angeles.