Better Futures For Trenton Kids?
Corrections or additions?
These articles by Barbara Fox were prepared for the
September 5, 2001 edition of U.S. Newspaper. All rights reserved.
Six Years Later, HTI Sells Itself
Hydrocarbon Technologies, an employee-owned firm, has
a gutsy bunch of employees. In 1995 it was in danger of being
dissolved,
and they bought themselves out. In a deal that closed August 29, HTI
sold itself for $15 million to a publicly owned company, Headwaters
Incorporated, based in Draper, Utah (Nasdaq: HDWR).
The 50-some employees, again facing red ink, agreed to a contract
that includes $1.5 million in cash, assumption of an equal amount
of HTI debt, and 605,000 shares of Headwaters common stock, plus
121,000
options. If HTI achieves certain goals, the deal could be worth up
to $1.5 million more in cash and 605,000 shares.
HTI will be a wholly owned subsidiary of Headwaters, a leader in
developing
and deploying alternative fuel and related technologies, particularly
converting fossil fuels such as coal and heavy oils to alternative
energy products. Established in 1943, HTI specializes in process and
catalyst research and development, process licensing, custom
processing,
pilot plant design and construction and specialty organic sample
chemicals
(U.S. 1, “Refueling R&D,” June 19, 1998).
Headwaters — which is working with coal and heavy oil conversion
in China and globally — bought the firm for its nano-catalysis
technology, which can reduce metal consumption in some petrochemical
processing. The catalysis market worldwide is worth more than $10
billion and nano-catalysis is billed as the best advancement in this
field in 20 years. The HTI operation is expected to remain at its
present location just outside of Trenton in Lawrence Township.
In a statement, Headwaters CEO Kirk A. Benson said that “HTI’s
technologies and accomplishments align well with Headwaters’ skill
at commercial deployment of alternative fuel technology and will
advance
the development and commercialization of alternative fuels,
carbon-based
fuels, and related technologies well into the future.”
Hydrocarbon Technologies Inc., 1501 New YorkAvenue,Lawrenceville 08648. A.G. Comolli, president. 609-394-3102; fax,609-394-1278.Www.htinj.comTop Of PageBetter Futures For Trenton Kids?Three years ago Robert Wood Johnson Foundation beganto sponsor a major effort dedicated to improving the lives of childrenand opened an office at Canal Pointe for an organization calledChildren’sFutures New Jersey. Just where in New Jersey should the foundationconcentrate its efforts? That was the question.Last week the answer came: Trenton’s children are the fortunaterecipientsof a $20 million pilot program that could be replicated throughoutthe state and nation. To RWJ’s largess will be added $3.3 millionin federal funding, funneled through the City of Trenton.The Children’s Futures office has moved to Thomas Edison StateCollege,where the director, Rush Russell, is senior fellow at the WatsonInstitute.The initial director, Velvet G. Miller, is now president of HorizonMercy, the managed health care program with offices at PhillipsBoulevardin Ewing.The RWJ Foundation will partner with hospitals, agencies, churches,community groups, and parents, as well as with the City of Trenton.By December a call for proposals — describing how theseorganizationscan apply for funds — will be available. Areas of focus: improvebirth outcomes and access to health care, promote effective parentingskills and practices, enhance the quality of child care, andstrengthenleadership capacity in child health issues. Both secular and religiousgroups may apply, says Lewis G. Sandy, executive vice president ofthe Robert Wood Johnson Foundation, and those who can measure resultswill get first preference.What has been learned about healthy child development differssignificantlyfrom what Trenton’s children experience, the foundation discovered.And though the state is making significant contributions for childrenages 3 to 6 under the Abbott court decision, relatively littleinvestmenthas been made to the first three years of a child’s life. RWJFoundationmonies can be spent on children from Trenton families of all incomelevels, not just those meeting poverty guidelines.In particular, the program anticipates it will help mothers getprenatalcare, get treatment for substance-abusing pregnant women and mothers,increase the number of children getting immunizations, give morechildrenaccess to health insurance, and better prepare children for preschooland kindergarten.”The fact that this foundation is willing to make a long-terminvestment and put its money behind ideas that we believe inrepresentsthe real meaning of commitment and partnership,” says DouglasPalmer, mayor of Trenton.Children’s Futures, Watson Institute for PublicPolicy, Thomas Edison State College, Trenton. Rush Russell, director.609-984-2813.Top Of PageExpansionsAtlantic Federal Credit Union, 29 Emmons Drive,Suite A-30, Princeton 08540. Mary Frances Occhetti, branch manager.609-452-2232; fax, 609-452-2667. Home page: www.atlfedcu.comThe credit union doubled its space with an August move from 212Carnegie;with this move the company expects to provide more convenient parkingthan was available at the Carnegie Center, and it will also have aMAC machine.To bank at a credit union, you need to be an employee of a membercompany, and membership here is free to any company of any size.Severalyears ago, as a result of litigation, credit unions successfullydefendedtheir nonprofit status. Members include Cytogen, Princeton GammaTech,Carnegie Center Associates, Verizon Wireless, Diocese of Metuchen,Hyatt Regency, and Doral Forrestal.This 65-year-old nonprofit membership organization is based inKenilworth.Atlantic Federal offers share savings, loans, term share certificates,direct deposits, MAC cards, and no-fee checking. “It’s an employeebenefit, and because credit unions are nonprofit, we can offer highrates on savings, lower rates on loans, and fewer fees overall,”says Maryann Small.Academic Edge, 724 Route 33, Hamilton SquareMargaretDuffy, managing partner. 609-587-6456; fax, 609-587-4209.Www.academicedge1.bizonthe.netJust in time for school’s opening, a teacher resource shop hasexpanded.Margaret Duffy moved her store from Ames Plaza on Quakerbridge Roadand has a new phone number but the same fax. She offers teacherresourcebooks, learning games, puzzles, books, and other education materialsfor children.Top Of PageLeaving TownAmerican Luminous Associates LLC, 379Princeton-HightstownRoad, Princeton Windsor Office Park, Cranbury 08512. C. C. Wang,president.This technical services office has closed and no information isavailablefrom the telephone company about another location. It providedservicesin material science for lighting and displays.Top Of PageName ChangesPequod Communications, 743 Alexander Road, Unit15, Princeton 08540. Andre Liu, owner. 609-951-0300; fax,609-951-0352.Home page: www.pequodcopy.comPequod Communications, 6 Nassau Street, Princeton08542. 609-921-9105; fax, 609-921-7293.Pequod Printing has changed its name to Pequod Communications toreflectwhat the company terms “a top-to-bottom approach in creating andproducing efficient communication/marketing solutions.”In 1988 James Robertson, Andre Liu, Benjamin Liu, and four otherPrincetonUniversity sophomores opened Pequod as a copy shop and alternativetextbook bookstore at 6 Nassau Street. Two years later, the copybusinessproving more profitable than the textbook business, they establishedPequod as an outsource reprographics firm, naming it after the boatthat hunted down the whale Moby Dick.”From our origins as an academic-client based copy center, weare now a corporate service center, customer-service oriented, andwe emphasize relationships. We try to become the business partnerand/or consultant for our clients’ print needs,” says Andre Liu.Two of the original owners remain: Robertson is in charge of thedirectmail facilities, and Liu directs marketing programs. Steven Evansheads the creative services department, and Charles Lazarow isproductionmanager.Now the firm has 30 employees in three locations, including a retailspace in New Brunswick and the headquarters on Alexander Road —rarely visited by clients. Most jobs are handled by E-mail in theinitial stages with finished copies supplied by van. “Except forour direct mail and fulfillment work, we deliver virtually all jobsdirectly to our clients,” says Liu.Trainfans Inc., 83 Princeton Avenue, Hopewell08525.Steven Haase, principal. 609-466-0880; fax, 609-466-8114. Homepage: www.trainfans.comSteven Haase has changed the name of his company from Trainfans.comto Trainfans Inc. He is trying to attract $2 million in venturecapitalmoney, and since website sales are responsible for only a smallportionof overall revenues, he wants to shed any reference to a”dotcom”firm.The company has products and services for train and railroadenthusiasts— audios, DVDs, videos, books, collector items, model trains,sportswear, and calendars. Its most recent video production, filmedon August 24, documented the mothballing of New Jersey Transit’sPresidents’Conference Committee Cars. The 47-year-old cars operated on the NewarkCity Subway.Interlink Healthcare Communications, 989 LenoxDrive, Suite 300, Lawrenceville 08648. Larry J. Iaquinto,president.609-406-9600; fax, 609-406-9046.Integrated Communications Corp. (ICC) of 989 Lenox Drive announcedon August 9 that it is changing its name to Interlink HealthcareCommunications.Top Of PageManagement MoveAnthony J. Apicelli Jr. LLC, 2121 Route 33,LexingtonSquare Commons, Trenton 08690. Anthony J. Apicelli Jr., partner.609-588-5545;fax, 609-588-5590.Michael L. Bitterman, Attorney at Law, 2123 Route33, Lexington Square Commons, Trenton 08690. 609-584-7100; fax,609-584-7640.Anthony Apicelli and Michael Bitterman split the law practice ofKelseyBitterman & Apicelli. Apicelli, who does real estate and trust law,moved one door down and has a new phone and fax. Bitterman is stayingin this location and focuses on litigation — discriminationactions,labor law, plaintiff injuries, commercial law. A graduate of FairleighDickinson in 1963, he went to Seton Hall law school and was a statedeputy attorney general before opening his own firm in 1971.Top Of PageCrosstown MoveWeinberg Management Corp., 217 Nassau Street,Princeton08542. Jan R. Weinberg, owner. 609-924-8535; fax, 609-924-2675.The commercial real estate firm moved from 199 Nassau to 217 Nassau.Phone and fax are the same. Also here: Princeton Heritage Real Estate,a residential firm.Top Of PageDown-SizingFleet Bank Operations Center, 335 Ridge Road, Box1008, Dayton 08810-1008. 732-438-7692.As a result of Summit’s merger with Fleet, the operations center willclose this month. Formerly occupied by Unisys, the 94,000 footbuildingsits on 20 acres and accommodates 400 employees.Top Of PageDeathsSally McFarlane, 64, on August 25. She was a manager withNewgrange Outreach Center.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
