#b#Contract Awarded#/b#
SightLogix/Automated Threat Detection, 745 Alexander Road, Suites 5 and 6, Princeton 08540; 609-951-0008; fax, 609-951-0024. John Romanowich, president & CEO. www.sightlogix.com
SightLogix, a maker of high-tech security cameras and instruments, has received a $500,000 contract from the federal Department of Energy to supply the department with high-powered cameras to monitor solar and wind facilities for the National Renewable Energy Lab in Colorado.
The cameras, which can spot and zoom in on potential intruders from very long distances, are expected to reduce the number of cameras needed to monitor the site.
Princeton Power Systems Inc., 201 Washington Road, Building 2, Princeton Junction 08550; 609-955-5390; fax, 609-751-9225. Marshall Cohen, CEO. www.princetonpower.com
Princeton Power Systems has received a $1.8 million grant from the federal Department of Energy to accelerate development of PPS’s Distributed Generation Transformer and E-QUAD Power Flow Control technologies for large wind turbine applications.
The systems combine a megawatt-scale converter with a high-frequency nanocrystalline-core transformer and silicon switching devices that could significantly reduce the cost of plant components like transformers and enable new generator technologies to get to market faster, according to the company.
While originally developed for the early-stage tidal and wave power markets, the company says the technology can have a more near-term effect on established windpower markets.
STV Inc., 820 Bear Tavern Road, Suite 200, Ewing 08628-1021; 609-530-0300; fax, 609-530-0305. Robert Rusciano, construction manager. www.stvinc.com
STV, an engineering, architectural, planning, environmental, and construction management firm, has been awarded a $1.7 million contract for construction management and inspection during the restoration and repair of the Delaware Water Gap Toll Bridge.
The heavily traveled, 57-year-old bridge connects New Jersey and Pennsylvania by I-80. The repairs include bearing and deck joint replacement, cleaning and painting of the superstructure, repairs to the substructure, replacement of the bridge drainage and underside lighting, and seal coating of the bridge deck.
STV, which is headquartered in Manhattan, has been involved in a number of high-profile past projects, including the restoration of the roof of the New Jersey State House Annex, a NASA center, the Coney Island Parachute Jump, and the Vietnam Memorial in Washington, D.C.
#b#Downsizing#/b#
Henderson Sotheby’s International Realty, 134 South Main Street, Pennington. www.hendersonsir.com.
Henderson Sotheby’s has closed its office at 134 South Main Street in Pennington. The firm still has offices in Princeton, Cranbury, Hopewell, and Montgomery.
#b#Expansions#/b#
Dataram Corp. (DRAM), 186 Princeton-Hightstown Road, Windsor Business Park, Building 3-A, Box 7528, Princeton 08543-7528; 609-799-0071; fax, 609-936-1689. John H. Freeman, CEO. www.dataram.com
Dataram, a developer of computer memory and storage products headquartered at 186 Princeton-Hightstown Road, will open a development and testing facility in Issaquah, Washington, near Seattle.
According to the firm, it chose the area because of Seattle’s concentration of high-tech companies.
#b#Investment#/b#
NRG Energy Inc. (NRG), 211 Carnegie Center, Princeton 08540-6213; 609-524-4500; fax, 609-524-4501. David Crane, president and CEO. www.nrgenergy.com
Energy giant NRG has become the main investor in a 392-megawatt solar thermal plant in California’s Mojave Desert. NRG will contribute $300 million over the next three years to the project, overseen by BrightSource Energy of Oakland, California.
#b#Legal Matters#/b#
Johnson & Johnson (JNJ), One Johnson & Johnson Plaza, New Brunswick 08903; 732-524-0400; fax, 732-214-0332. William C. Weldon, chairman & CEO. www.jnj.com
A Louisiana jury has ordered Johnson & Johnson to pay $257.7 million as a penalty for making misleading claims about the safety of the company’s antipsychotic drug, Risperdal. According to the verdict, the pharma giant inflated claims of Risperdal’s effectiveness and downplayed its risks for diabetes patients.
The verdict is the second strike for J&J regarding the way it has marketed Risperdal. Just weeks before the Louisiana verdict, the company lost a $3.95 million suit in West Virginia. There a judge found that J&J misled doctors about the drug’s effectiveness. Johnson & Johnson is expected to appeal.
