Corrections or additions?
This article by Barbara Fox was prepared for the
August 29, 2001 edition of U.S. Newspaper. All rights reserved.
From Sarnoff: A Better Picture Tube?
Sarnoff Corporation thinks it has a better answer —
or at least another way — to make thin video screens: It shrinks
the traditional picture tubes (cathode ray tubes or CRTs). New this
month: it will license the technology to make shallow profile
replacing the big television cabinets and PC monitors, and freeing
up floor and desk space.
The CRT is still the benchmark for brightness, color, wide viewing
angle, low cost, and overall picture quality, notes Tom Lento,
spokesperson. Still, the slimmer flat-panel monitors — such as
LCDs (liquid crystal displays) or plasma screens — are winning
lots of sales.
Manufacturers who license Sarnoff’s patented S-Cubed Technology for
cathode ray tubes can use existing assembly lines to produce 32-inch
displays that are only 11 inches deep. Traditional CRTs are 22 inches
deep. "Your television set can now fit on your VCR shelf,"
Scientists at Sarnoff originated the color CRT (Cathode Ray Tube),
called the "picture tube." To that, it adds two electron
to decrease the depth of large monitors by about 50 percent while
increasing picture quality by reducing the spot size of the beam.
Yet the increase in manufactured cost is only 10 to 15 percent —
a small percent compared to the price that the shallow-profile CRTs
could fetch in the marketplace. Sarnoff has a working prototype.
"We’ve invented a whole new wheel," say James Birch, Sarnoff’s
director of business development. "We’ve taken technology that
is so fundamentally sound that after 100 years it’s still the industry
standard — and we’ve found a way to make it significantly
Phillips Boulevard, Ewing 08618. Steven Abramson, president.
fax, 609-671-0995. Home page: www.universaldisplay.com
Another way to manufacture flat panel displays is with
cutting edge technology developed by Universal Display Corporation.
This company just finished a $25 million private placement with
investors — $10 million in convertible preferred stock and $15
million in secured convertible debentures. Monies will be used for
working capital needs. It is working on Organic Light Emitting Display
applications that will be so thin they can be laid across dashboards
and on cell phones.
"This financing is a major step in securing our long-term ability
to fully realize the commercial opportunities for our proprietary
OLED technology," says Sidney Rosenblatt, the CFO. "We now
have the financial strength to continue the cutting edge research
and commercial development for which OLEDs hold such great promise
for our company and its investors," he says.
After Onehealthbank.com merged with RealMed Corp. last
spring, it moved to RealMed’s quarters in Indianapolis. Joseph T.
Sebastianelli, formerly chairman and CEO of onehealthbank.com, is
now chairman of the board and CEO of RealMed. Robert J. Hicks,
chairman and CEO of RealMed, is president and COO of the new firm.
Hal Knight, the CFO, made the move to Indianapolis along with
RealMed received $23 million in "new cash" from this
It is located at 5 Parkwood Crossing, 510 East 96th Street, Suite
400, Indianapolis, Indiana 46240, 317-580-0658.
Onehealthbank had grown to 20,000 square feet at Windsor Corporate
Park. and had acquired $42 million in funding from a health insurance
firm (Empire Blue Cross and Blue Shield), an Internet firm (Internet
Healthcare Group), the venture capital arm of a pharmaceutical firm
(Johnson & Johnson Development Corporation), and a venture capital
firm (Prism Venture Partners).
As co-president of U.S. Healthcare, Sebastianelli had overseen a
with Aetna Inc., where he then held the office of president. He came
to Princeton from being CEO of Scripps Care, San Diego’s largest
system, and he has also been vice president of Blue Cross of Greater
Philadelphia and a litigation associate with Morgan, Lewis & Bockius.
At the time that onehealthbank was founded by Ed Hammersla and Dean
Boyer, it aimed to be a one-stop health insurance and payment company.
Its cards, which would look like a credit card, would combine
from doctors, insurance companies, and the patient’s bank. Now
is listed as a vendor of healthcare payment services, and RealMed
Corp. is a health care claims adjudication vendor.
The new firm is going to be working in a similar vein on what company
materials term "more complete processing and resolution of health
care claims, as well as processing payment and authorization of
of those claims at the point of service."
08648. Ellis Galimidi, president. 609-771-4000; fax, 609-771-8771.
Home page: www.allegranet.com/lawrenceville
The four-color print production facility consolidated
two locations — at Mercer Mall and Nami Road — and expanded
to 10,000 square feet on Business Route 1 (Brunswick Pike), where
it has equipment for on-demand printing. "We are focusing on the
short-run color market with on-demand printing solutions," says
Ellis Galimidi, president. His wife, Etty, and brother Maurice are
with him in the business.
Also in the building is Borden-Perlman insurance and Jammer doors.
Among the equipment here is a Heidelberg Quickmaster direct impression
digital press, several Canon digital black and white and color
some Xerox black and white copiers, plus a large format division for
posters and banners and a prepress/graphics department.
CN 5350, Princeton 08543-5350. Joseph A. Mollica, CEO. 609-452-3600;
fax, 609-452-3672. Home page: www.pcop.com
By the end of this year Pharmacopeia will merge with Eos Biotechnology
of San Francisco. In a tax-free, stock for stock transaction,
will contribute about $197 million in stock (based on the August 12
closing stock price of $18.51) and will issue 10 million shares of
common stock to pay for the deal. The privately funded Eos will
$44 million in cash.
The combined businesses will offer higher revenue and growth
promises Joseph A. Mollica, chairman, president and chief executive
officer of Pharmacopeia. He will retain those titles. Pharmacopeia
has patented chemical screening libraries for early drug testing and
The current CEO of Eos, David W. Martin, will be president of the
wholly owned drug discovery subsidiary and will focus on
Eos’ genomics-based drug discovery technology. Eos has an integrated
platform of custom genomics-based tools used to discover and validate
targets and to discover antibody therapeutics that are highly specific
in the treatment of cancer, angiogenesis, and inflammatory disease.
By next year, revenues from this and other Pharmacopeia drug discovery
operations are expected to be $45 million, set against $30 million
in operating losses. The year 2004 is the target for showing profits.
Road, Princeton 08540-0001. Judith D. Moore, president & CEO.
fax, 609-720-6550. Home page: www.chauncey.com
The Chauncey Group International (CGI) has licensed Chun Shin Limited
to represent its English language proficiency examination, TOEIC (Test
of English for International Communication), in Taiwan. Chun Shin
is headquartered in Taipei and distributes products and services
CGI is a subsidiary of Educational Testing Service (ETS), and is the
leading provider of certification and licensing examinations for
business, and government. Last year more than 2 million language
and professionals registered to take the test, which has been given
for more than 20 years.
Park 400, Suite 100, Cranbury 08512. Winthrop Cody, president.
fax, 609-918-1328. Home page: www.expertplan.com
U. S. Bancorp, the eighth largest financial services holding company
in the nation, announced in July that ExpertPlan would provide a
label web-enabled 401(k) product offered through U.S. Bank. Winthrop
Cody started this business at the Trenton Business and Technology
Center; he has 7,000 square feet at Windsor Corporate Park.
ExpertPlan’s web-based "self service" model empowers plan
participants to manage their own accounts, which eliminates
errors, and reduces costs and the administrative burdens on the
professional and the plan sponsor. The web program also offers online
access to marketing materials and proposal requests.
At the end of June this petrochemical-based business moved to 9572
Kempewood, Houston TX 77080, 713-460-8311; fax, 713-460-8578. None
of the 10 people here accepted transfers. "Our main business is
in the Gulf Coast area, so the decision was made to move the
says a spokesperson. Martin Ball, vice president, is in charge of
this part of a Dutch company named Dovianus. Dopak makes and sells
liquid process samplers to the petrochemical industry.
110, Flemington 08822. John H. Puha, president. 908-284-9040; fax,
The 37-year-old engineering firm expanded from 1,600 feet to 2,400
square feet in a move from 314 Wall Street in Research Park to
The firm designs HVAC, fire suppression, plumbing, and mechanical
systems for industrial, commercial, educational, and institutional
clients. Two of the partners, John Puha and Bob Chittenden, live in
Flemington. But Albert Pressler, who commutes from Monroe Township,
claims that "you can come from where I live in and never hit a
Suite 210, New Brunswick 08901. Janet F. Rosenzweig, executive
732-246-8060. Home page: www.preventchildabusenj.org
Janet Rosenzweig is the new executive director of the New Jersey
of Prevent Child Abuse. Formerly a professor of human services
at Rider University, she is head of Mercer County’s Commission on
Child Abuse and Missing Children.
Founded in 1979, this state chapter collaborates with schools and
organizations in 134 communities to provide programs to prevent
sexual, and emotional child abuse and neglect.
engineer at Princeton Plasma Physics Laboratory.
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