FAIRFAX, Va., Feb. 25 -- George Mason University issued the following news release:

George Mason University has become Virginia's first R1 research institution to commercialize a product under the state's new Lab-to-Launch initiative, marking an early milestone in the commonwealth's push to accelerate university research into the market.

In January, the George Mason Research Foundation entered into a license agreement with serial entrepreneur Anthony Fung and his company Valorlox LLC for the patented technology GMU Dynamic Low Visibility Pneumatic Cofferdam, a coastal resilience system designed to protect against flooding. This is the first commercial product to move forward under the new statewide commercialization framework.

Invented a...