AUSTIN, Texas & GLIL YAM, Israel--(BUSINESS WIRE)--March 14, 2005--Emergent Technologies Inc. (ETI) of Austin announced today that one of its Lubbock-based biotechs, Selenium Ltd., has agreed with Pinpoint Med Inc (PMI), Glil Yam, Israel, to develop an interventional catheter device which employs Selenium’s patented technology.