Siemens Corporate Research Inc. (SI), 755 College Road, Princeton Forrestal Center, Princeton 08540; 609-734-6500; fax, 609-734-6565. Silvano Dall’Asta, acting president. www.usa.siemens.com.
Siemens Corporate Research, based at 755 College Road East, has received a share of nearly $7 million in Department of Energy (DOE) funding for research aimed at reducing the cost of electric vehicle chargers by 50 percent.
Siemens will study smart charging capabilities to help ensure that electric vehicles enhance, rather than strain, the existing electrical grid capacity, according to U.S. Senator Robert Menendez (D-NJ), who helped secure the funding.
Siemens will work to redesign its current electric vehicle supply equipment and charging stations in residential areas to enable flexible, intelligent control of charging, so that power quality and service reliability are maintained on the local distribution grid.
Four projects were selected from across the nation. Two — including Siemens — will focus on improving electric vehicle chargers that attach to consumers’ homes.
The other two projects will focus on chargers used at commercial and public locations to charge large numbers of vehicles, including fleets of commercial delivery vehicles.
Orchid Cellmark Inc. (ORCH), 4390 Route 1 North, Princeton 08540; 609-750-2200; fax, 609-750-6405. Thomas A. Bologna, CEO. www.orchid.com.
The deal by Laboratory Corp.of America Holdings to buy DNA testing company Orchid Cellmark Inc. for $85.4 million has been completed. Announced in April, the deal puts Laboratory Corp. in control of more than 86 percent of Orchid Cellmark’s stock — about 26 million shares (U.S. 1, April 13, 2011).
LabCorp, a DNA identity testing firm based in North Carolina, operates 38 testing centers in the United States. According to the company, the acquisition of Orchid Cellmark will strengthen its brand name in DNA testing and establish LabCorp in the U.K., where Orchid Cellmark has contracts with police agencies. It has not been announced whether Orchid Cellmark will remain in Princeton.
Johnson & Johnson (JNJ), 1 Johnson & Johnson Plaza, New Brunswick 08903; 732-524-0400; fax, 732-214-0332. William C. Weldon, chairman & CEO. www.jnj.com.
Switzerland-based orthopedics maker Synthes has approved its sale to Johnson & Johnson for $21.3 billion, which — if finalized — would be J&J’s largest acquisition.
U.S. and European regulators need to green light the deal (the European Union Commission has until April 2 to do so), but according to J&J, the acquisition should be settled by summer.
Synthes is Europe’s top name in the traumatic injury repair market, and J&J stands to double its resources in spinal care products. According to the Associated Press, the deal also stands to create Switzerland’s new richest man — Hansjorg Wyss, who owns 40 percent of Synthes.
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.
NRG Energy, based at 211 Carnegie Center, will provide solar power to MetLife Stadium, home of the New York Jets and New York Giants football franchises.
Under the agreement, NRG will design, install, and operate a custom solar power generating system that will encircle the top of the stadium. Called “Solar Ring,” the installation will have the ability to display team colors and other displays for concerts and college games.
Solar Ring will be made up of approximately 1,500 individual panels and will be able to generate nearly 25 times the amount of electricity needed to power the integrated LED lighting and display system, according to NRG. The panels will be assembled into 52 modules that will be raised to the top level of the stadium and bolted into a steel superstructure that also will provide shelter from rain and snow.
Construction is expected to begin in the spring and be completed by August. NRG also will provide all additional electricity for the 82,500-seat stadium starting in June. The amount of the contract was not disclosed.
MISTRAS Group Inc. (MG), 195 Clarksville Road, Princeton Junction 08550; 609-716-4000; fax, 609-716-0706. Sotirios J. Vahaviolos Ph.D., chairman and CEO. www.mistrasgroup.com.
MISTRAS Group, which develops technology to help monitor the structural integrity of energy, industrial, and public infrastructure projects, has received a multi-year contract to provide traditional and advanced non-destructive evaluation services in connection with the Plant Vogtle nuclear generation station in Waynesboro, Georgia.
MISTRAS’s services will support the inspection requirements of the first new nuclear units awarded in the U.S. in the past three decades. The amount of the contract is undetermined so far; the units are scheduled to begin commercial operation in 2016.
CytoSorbents Inc., 7 Deer Park Drive, Suite K, Monmouth Junction 08852; 732-329-8885; fax, 732-329-8650. Phil Chan, CEO. www.cytosorbents.com.
CytoSorbents, which develops medical devices aimed at removing toxins from the bloodstream, has received a U.S. Army grant to test its product for military field and trauma surgeries. The army will give CytoSorbents $100,000 over six months with the option for an additional $50,000. The contract paves the way for CytoSorbents to refine its product before it submits for a $1 million army grant later this year.
VaxInnate, 3 Cedar Brook Drive, Cedar Brook Corporate Center, Suite 1, Cranbury 08512; 609-860-2260; fax, 609-860-2290. Thomas Hofstaetter, president and CEO. www.vaxinnate.com.
VaxInnate, a biotech firm that develops proprietary vaccines for seasonal and pandemic influenzas, has granted South Korean biotech CJ CheilJedang Corporation an exclusive license to manufacture, develop, and commercialize VaxInnate’s recombinant seasonal and pandemic flu vaccines there. The agreement also includes a non-exclusive license to market the vaccines in certain Southeast Asian countries, excluding China.
According to the agreement, CheilJedang will fund clinical development and licensing of the vaccine in South Korea and 10 other countries. The agreement includes countries with a collective population of 650 million.
VaxInnate will transfer the technology required to develop and manufacture the vaccines. Financial terms of the agreement include an upfront fee, clinical and regulatory milestone payments, and royalties on sales, but the amount of the contract was not disclosed.
Integra LifeSciences Holdings Corporation (IART), 313 Enterprise Drive, Plainsboro 08536; 609-936-3600; fax, 609-275-5363. Peter Arduini, president and CEO. www.integra-ls.com.
Integra LifeSciences, which develops medical devices for spinal disorders and soft tissue damage, has named Peter Arduini its president and CEO, replacing longtime CEO Stuart Essig. Essig will serve as chairman of the board, taking the place of Richard Caruso, the company’s founder and only chairman until now. Caruso will remain as a director of the company.
Arduini has been the president of Integra since he arrived in 2010. He also has been the COO. Before joining Integra, Arduini was president of medication delivery at Baxter Healthcare of Illinois. Before that he worked for General Electric Healthcare for 15 years, mostly in management. He earned his bachelor’s in marketing from Susquehanna University and a master’s in management from Northwestern.
Essig had been at the helm of Integra for 14 years, during which time the company grew from $15 million in annual revenues to $733 million, and from 130 employees to more than 3,300.
Arduini officially took over on January 3.
Heartland Payment Systems (HPY), 90 Nassau Street, Second Floor, Princeton 08542; 888-798-3131; fax, 609-683-3815. Robert Carr, CEO. www.heartlandpaymentsystems.com.
After three years in a legal bramble, Heartland Payment Systems, the credit card payment processing firm based at 90 Nassau Street, can say good-bye to all but one lingering claim resulting from a major security breach that put hundreds of millions of dollars in jeopardy.
A U.S. District judge in Texas has thrown out all but a single claim against Heartland, which in 2009 announced that its security system had been breached, exposing 130 million credit and debit card numbers to cyber-criminals. Dozens of suits were filed around the country, including those by nine banks asking for Heartland to pay damages.
The lone remaining complaint stems from Florida, where Heartland remains accused of violating that state’s Deceptive and Unfair Trade Practices Act, a bank-led class-action suit. Heartland wanted the case dismissed, saying that only consumers can bring forth claims under the law.
International Flavors & Fragrances (IFF), 150 Docks Corner Road, Dayton 08810; 732-329-4600; fax, 732-274-6550. www.iff.com.
International Flavors & Fragrances Inc., a Dayton-based developer of food flavorings, will pay $40 million to the France-based V. Mane Fils, related to IFF’s selling and marketing of products with the cooling additive monomenthyl succinate.
According to the settlement, Mane has held patents on the additive since 1998, yet IFF has sold its Cooler 1 product using the chemical. IFF has agreed to cease selling and marketing Cooler 1 products and to ensure that its use of monomenthyl succinate in IFF’s upcoming Cooler 2 line will meet levels agreed upon by both parties.
WithumSmith+Brown, 5 Vaughn Drive, Suite 201, Princeton 08540; 609-520-1188; fax, 609-520-9882. Leonard H. Smith CPA, shareholder in charge. www.withum.com.
CPA firm WithumSmith+Brown has merged with New York-based EisnerLubin in a deal that adds 50 people — including nine partners — to Withum’s ranks.
The merger also expands Withum’s services by adding EisnerLubin’s not-for-profit, manufacturing, and real estate concentrations, and is expected to add nearly $12 million annually to WithumSmith+Brown’s revenue. Terms of the deal were not disclosed.
Billtrust, 100 American Metro Boulevard, Suite 150, Hamilton 08619; 609-235-1010; fax, 609-235-1011. Flint Lane, president. www.billtrust.com.
Billtrust, which provides automated invoicing and statement systems for small and medium-sized businesses, has moved its headquarters from Cranbury to the American Metro Center in Hamilton.
According to the company, the move was sparked by an expanded range of services and a larger staff. The company’s overall staff size increased by 30 percent in 2011, largely due to the acquisition of Invoice Connection of Carlsbad, California, this past fall.
Billtrust CEO Flint Lane said the move is “more than just a matter of adding desk space. There are more acquisitions on the horizon, and we have a very aggressive plan for organic growth in 2012.”
Last April Billtrust expanded its billing distribution network by adding new facilities in Texas, California, Oregon, Florida, Illinois, and Toronto. The company also has a new New Jersey operations center at 11 South Gold Drive in Hamilton.
Donald Hujber, 37, on December 24. He was an arborist at Princeton University.
Lorraine Gaire, 71, on December 23. An early employee at Educational Testing Service in Princeton, she co-developed some of the company’s tools for testing and program design.
Maryann Cifelli, 68, on December 22. She was an assistant manager at Roma Savings Bank.
Lawrence Stevenson, 74, on December 21. He was the proprietor of Stevenson’s Tire Sunoco on Lawrence Road.
Anthony Bianculli, 86, on December 21. A former mayor of Rocky Hill, he was a longtime mechanical engineer and manager at RCA Corp. Post-retirement he operated a consulting business and provided technical services to Siemens Corp.
Evelyn Landau, 94, on December 21. She, along with her late husband, founded Landau’s of Princeton.
William Backes, 71, on December 20. He was the senior partner of the law firm of Backes & Backes in Pennington.
Edward Bullock, 31, on December 20. He was a security officer at Capital Health System in Hopewell.
Richard Kilby, 63, on December 19. He was a property manager and developer who managed the construction of many projects in the state, including the banquet hall of the Cranbury Inn.
Sin-I Cheng, 89, on December 6. An emeritus professor of mechanical and aerospace engineering at Princeton University, he made critical early advances in rocketry and helped develop modern computational approaches to aerodynamics.
Thomas J. ‘TJ’ LePrevost, 54, on December 31. He was a building and fire inspector with Robbinsville Township.