Management Moves

Diebold Re-Sizes

Contracts Awarded

New in Town

Leaving Town


Corrections or additions?

This article by Barbara Fox was prepared for the March 10, 2004 edition of U.S. 1 Newspaper. All rights reserved.

Life in the Fast Lane

When Princeton University’s Stephen Chou was the cover subject for U.S. 1 (October 16, 2002), the nanotechnology he had developed had already spawned two companies — the first, in Somerset, called NanoOpto Corporation, and a second smaller one at Princeton Corporate Plaza on Deer Park Drive, called Nanonex Corporation.

When the principals in both companies were asked to explain the difference between the companies for the purposes of the article, their answers not very clear. Sure enough, a lawsuit developed about who owns what. The lawsuit has been resolved, according to a press release, which called it a “dispute over intellectual property and certain other business issues between companies, founders, directors, and investors.” Now a fine legal line has been drawn between the intellectual property owned by Nanonex and the IP owned by NanoOpto.

Nanonex offers the tools for nanoimprint lithography, and it is allowed to license these tools to anybody. NanoOpto — a much larger company, with significant venture capital investment — is applying the technology to speed up the design and manufacture of devices for optical systems and networks.

Also, NanoOpto has given a one-time payment to Stephen Chou and to Nanonex, in which Princeton University has an equity share. The university does not have equity in NanoOpto. NanoOpto will also pay royalties on some of the patents that Nanonex owns, the patents that Chou applied for before NanoOpto was founded.

“My colleagues and I at Nanonex are pleased that we can put these issues surrounding intellectual property and business behind us,” says Chou, who is billed as chairman and a founder of Nanonex. (In the press release, perhaps significantly, he is not listed as a founder of NanoOpto.) “We see great opportunities for nanoimprint lithography machines, masks, resists, and processes, as well as the nanoscale devices fabricated by them,” says Chou. “We will now be able to fully devote all our energies towards addressing them.”

Nanonex, 1 Deer Park Drive, Princeton Corporate Plaza, Suite O, Box 3347, Princeton 08543-3347. Larry Koecher, vice president of Nanoimprint operations. 609-683-3973; fax, 609-683-3974. Home page:

NanoOpto Corporation, 1600 Cottontail Lane, Somerset 08873. Barry Weinbaum, CEO. 732-627-0808; fax, 732-627-9886. Home page:

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Management Moves

Junior Achievement of New Jersey Inc., 4365 Route 1 South, Princeton 08540. Catherine Milone-Richards, president. 609-419-0404; fax, 609-419-0581. Home page:

Paul Miles has resigned as president of Junior Achievement of New Jersey. Effective January 1, Catherine Milone-Richards is the president.

After graduating from Syracuse University in 1990, Milone-Richards worked for Junior Achievement in New York City for seven years, most recently as vice president of marketing. In New Jersey, she had been charge of Central and South Jersey, and now she is in charge of the entire state. The nonprofit state organization has 800 volunteers that teach children about business, economics, and financial literacy.

Miles is now the associate athletic director for corporate marketing at his alma mater, the University of Nebraska (U.S. 1, July 9, 2003).

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Diebold Re-Sizes

Diebold Incorporated, 313 Enterprise Drive, Plainsboro 08536. Dennis Moriarty, vice president. 609-716-7900; fax, 609-716-7812. Home page:

Diebold’s employees are now connecting with work in a slightly different way. The Ohio-based company, which sells and services cash machines and security equipment, is using technology to push employees away from their desks.

“So much of our workforce is mobile,” says spokesman Mike Jacobsen, “so we’re cutting down on our square footage.” The company was housed in 44,000 square feet at 313 Enterprise Drive in Plainsboro, but has now grouped the facility’s 80 to 100 sales and service employees into just 16,000 square feet.

“Whereas before people had individual cubicles, we now have visitor hotels,” says Jacobsen. “We’re doing it company-wide. It’s much more efficient. It helps costs.”

Space is available when employees need to stop by, but they have to share a pod with two or three co-workers. Initially, says Jacobsen, employees were hesitant to change, but most now like the flexibility.

Within the past three years, Diebold has worked at not only cutting its employees lose from their desks, but also at severing their ties to plug in modems and electric sockets. The company is close to being wireless. All of its employees carry laptops, and a number of them have been issued Blackberrys.

Jacobsen says the company’s employees are now settled into their downsized space and that Diebold is “investigating its options” as regards the space that has newly become redundant. The facility is being marketed by Paul March and Sab Russo of CB Richard Ellis.

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Contracts Awarded

Computer Associates (CA), Route 206 and Orchard Road, Box 8, Princeton 08543-0008. Thomas Appel, facilities manager. 908-874-9000; fax, 908-874-9420. Home page:

Computer Associates has put its 214,000 square foot building up for sale, and it will be marketed by the Central New Jersey office of CB Richard Ellis. Computer Associates occupies 100,000 square feet there, and Blessing White is also a tenant. The property has 70 acres including a softball field, tennis courts, and a full-service cafeteria. About 70,000 feet is available for lease. The property could also be leased, under the terms of the marketing agreement. Raymond Sohmer and Ward Greer are in charge of the CB Richard Ellis contract.

The company is a computer software supplier for business, government, research and educational organizations, and E-business, and is based on Long Island.

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New in Town

Platinum Mortgage, 4390 Route 1 North, Suite 210, Princeton 08540. Fred Concepcion, branch manager. 800-710-0730; fax, 609-720-0733. Home page:

This branch of U.S. Mortgage moved to 4390 Route 1 in December. Fred Concepcion, the branch manager, has 10 years experience, including with Weichert Financial Services, a division of PNC Bank, and World Savings. He is a 1978 graduate of City University of New York. He does residential and commercial lending.

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Leaving Town

Velio Communications, 3600 West Bayshore Road, Palo Alto, CA 94303, 650-855-9201; fax, 650-855-9202. E-mail: Home page:

In December Velio, a telecommunications firm, moved from 10,000 square feet at 210 Carnegie Center to 2,500 feet at 214 Carnegie. By February it was completely gone. Phones are being forwarded to the headquarters in Alto.

This office was designing optical telecommunications switches and routers. The company did not respond to requests for information, but on its website it announced that on December 15 Velio sold some of its intellectual property to Rambus. At least some people on Velio’s development team were going to be moved to Rambus. Velio also has workers in Bangalore. Velio is now licensing that technology from Rambus.

In Princeton, a dozen people had been working on the design of optical telecommunications switches and routers (U.S. 1, May 9, 2001).

NTT Verio (VRIO), 116 Village Boulevard, Suite 200, Princeton 08540. 609-524-4805. Home page:

NTT Verio has an international network, but its office in Princeton has closed. Formerly it was located at 4390 Route 1, and indeed that office is still listed on its website, but then it moved to shared offices in Princeton Forrestal Village, and now even that office has closed.

Foxtons, 800-545-2001. Home page:

The Carnegie Center office of Foxtons has closed. Also, Glenn Cohen, founder of Your Home Direct, a residential real estate firm that discounted sales commissions, sold his interest in the company to the London-based parent company. When Foxtons put $20 million into YHD in 2001, the name of the company changed. The opportunity for a buyout reportedly had been written into Cohen’s contract, and the amount of the payment to Cohen was not disclosed.

Goldfein & Hosmer, 5 Vaughn Drive, Suite 115, Princeton 08540. 609-520-0400; fax, 609-520-1450.

The law firm has closed on 5 Vaughn Drive and the telephone is being answered by Goldfein and Joseph in Philadelphia.

First Class Personnel, 41 Watchung Place, Montclair 07042-4117. Charles Carrier, president. 609-279-9466; fax, 888-718-2009. Home page:

First Class Personnel has moved from shared space at Research Park to Montclair.

First Investors Corporation, 1601 Market Street, Suite 1050, Philadelphia 19103. 215-568-2078; fax, 215-568-6106. Home page:

First Investors Corporation closed an office on Route 33 in Hamilton Square, and those operations moved to Philadelphia.

L’Oreal USA, 2400 Route 1 North, North Brunswick 08902. William Witwel, assistant vice president. 732-297-7337; fax, 732-297-8310.

In January L’Oreal-USA said it would close its North Brunswick plant by May 1. Formerly known as Cosmair, the plant has more than 40 full-time and 75 part-time employees. It makes cosmetics and perfumes.

Snapple Beverage Corporation, 1300 Airport Road, North Brunswick 08902. 732-828-9070.

Snapple plans to close this facility by the end of March, but 90 percent of the three-dozen employees have been transferred to Cartaret.

Priority Express Courier, 12 Edgeboro Road, East Brunswick 08816. Luke Mulholland, president. 877-859-3278; fax, 732-254-8808. Home page:

The courier service moved from 379 Princeton-Hightstown Road to East Brunswick.

Todd Group Innovation Center, 150 Domorah Drive, Montgomeryville, PA 08936. 215-469-1900.

The flavor designing firm moved from 3 Cedar Brook Drive in Cranbury to Pennsylvania.

National Research Inc., 6 Shirwood Road, Holmdel 07733. Adam Geller, president. 732-539-3981; fax, 732-817-1288.

The polling company moved from Kendall Park to Holmdel. The telephone is the same but the fax is new. Led by Adam Geller, the National Research applies market research techniques to political polls.

PDI, 10 Mountainview Road, Suite C200, Upper Saddle River 07458. Chris Tama, executive vice president. 201-258-8450; fax, 201-258-8400. Home page:

In September PDI closed its 23-person office at Crossroads Corporate Center. Chris Tama can be reached at the Upper Saddle River headquarters.

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Robert W. Faber, 66, on February 3. A certified public accountant, he had an accounting business in Dayton and had been a councilman and deputy mayor in South Brunswick.

Vincent J. Scozzari Sr., 72, on March 3. He was the retired president of V.J. Scozzari & Sons on Franklin Corner Road.

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