Corrections or additions?
These articles were prepared for the November 3, 2004
issue of U.S. 1 Newspaper. All rights reserved.
Life in the Fast Lane: Orchid BioSciences
For the first time since it was founded in 1995, Orchid BioSciences
made a quarterly operating profit, which CEO Paul J. Kelly labels as
"a major milestone on our path to sustainable profitability." The
company expects to have revenues of more than $60 million this year.
In 2004 Orchid’s stock price has been in the $7 to $9 range, on an
adjusted basis, following a one for five stock split. The current
price is just under $10. Third-quarter losses narrowed from two cents
per share from 38 cents per share for the same quarter last year.
Revenue for this quarter rose to $16.4 million from $11.8 million last
year due to increased testing volume.
Orchid supplies identity genetics testing services for the forensic
and paternity DNA testing markets and for public health, and it also
does animal DNA testing for food safety. With Cellmark and GeneScreen
brands, it has laboratories in the United States and the United
Among the recent announcements:
In October Thames Valley Police, the United Kingdom’s largest
non-metropolitan police force, gave Orchid an exclusive three-year
contract for forensic DNA testing services.
In September Orchid launched "IDSecure," a worldwide service to
guarantee that workers on high-risk assignments could be accurately
identified in case of an emergency or accident.
In August Orchid agreed to create DNA identity profiles for the
Kinsearch Registry, which aims to reunite siblings following adoption.
In July Orchid won a competitive bid to test felons for Illinois, the
largest state contract to date.
"We are very encouraged by the recent Congressional enactment of the
President’s DNA Initiative, which provides significantly increased
funding to private forensic laboratories like Orchid to process DNA
backlogs and, in turn, help to improve the criminal justice system,"
Orchid BioSciences Inc./Cellmark (ORCH), 4390 Route 1 North, Princeton
08543. Paul J. Kelly MD, CEO. 609-750-2200; fax, 609-750-6400. Home
Having decided to outsource the management of its supply chain,
Educational Testing Service signed deals totaling $142 million over
two years with two subcontractors, including Accenture.
Accenture will manage all aspects of ETS’ supply chain including the
printing, publishing, warehousing, distribution, tracking and shipping
of tests and test materials globally. It has more than 100,000 people
in 48 countries (www.accenture.com). Also participating in this
contract is Germany-based Kuehne & Nagel, which has 20,000 employees
in 96 countries (www.kn-portal.com).
Since Kurt Landgraf took over at ETS, the number of tests the company
administers or scores has gone from 10 to 24 million, yet ETS does not
own its own modern supply chain technology. Accenture and Kuene &
Nagel will provide and install the technology.
"By working with Accenture to manage our supply chain functions, we
can place even more focus on our core mission of advancing quality and
equity in education through fair and valid testing," said Landgraf in
a press release. "We also expect that the efficiencies gained through
this agreement will allow us to streamline our costs and provide world
class service to our customers and clients."
This is not Landgraf’s first experience with outsourcing. As soon he
came to ETS, he outsourced all the information technology. Since then,
the number of IT workers that ETS uses has increased. In a Times of
Trenton article he pointed to this example to reassure approximately
260 production and delivery workers that they will not lose their
jobs. On January 1 they will go to work on January 1 for Accenture or
Kuehne & Nagel, and they are guaranteed to keep jobs, with the same
pay and good benefits, for at least a year. After that time, when the
new technology is installed, the ETS work may have increased, or the
workers could work for the new companies in another location.
The production and delivery outsourcing move comes a month after ETS
decided to outsource some of its computer-based testing services,
renewing its contract with Thomson Prometric to the tune of $1 billion
over 12 years. ETS will more than triple the number of centers it
uses, tapping Thomson’s 4,000 online testing centers worldwide. ETS
now uses 1,000 of them under a $500 million contract that expires in
2005. Based in Maryland, Thomson Prometric bought an ETS subsidiary,
Capstar, in August.
Educational Testing Service, Rosedale Road, Princeton 08541. Kurt F.
Landgraf, president. 609-921-9000; fax, 609-734-5410. Home page:
New Jersey CURE Auto Insurance, 214 Carnegie Center, Suite 101,
Princeton 08540. Lena Chang, president and CEO. 609-520-0800; fax,
609-520-0030. Home page: www.njcure.com
New Jersey PURE, 214 Carnegie Center, Suite 301, Princeton 08540. Lena
Chang, president and CEO. 609-951-8547; fax, 609-951-0091. Home page:
Medical malpractice insurer New Jersey PURE (New Jersey Physicians
United Reciprocal Exchange) has joined its sister company, New Jersey
CURE, in an expansion from Roszel Road to the third floor of 214
Carnegie Center. NJ CURE has 200 employees and 45,000 square feet,
while NJ PURE, founded in 2002, has 15 employees and 10,000 square
The combined companies’ former space at 13 Roszel Road, a building
owned by a real estate company controlled by James Sheeran (chairman
of both companies) and Lena Chang (president and CEO of both
companies), is being refitted for small to medium tenants.
"The new office offers more space to accommodate our continued
expansion and growth," says Eric Poe, spokesperson.
NJ PURE was founded by Sheeran, a former state insurance commissioner,
and Chang, an actuary. It is the only one of the state’s new medical
malpractice insurers to post an underwriting income gain in 2003, its
first full year of operation, according to Poe.
After owning Princeton Meadows Shopping Center for seven years,
Philadelphia-based AMC Delancey Group has sold it for $10 million. The
buyer was Princeton Meadows Holdings, LLC. The center is 100 percent
occupied, with an Asian grocery as the anchor store.
The stores include Asian Food Markets of Princeton, Bagel Street,
Business Xpress, Desai Corner, Eckerd Drug, Hair Plus Salon, Meadows
Optician, Prime Tyme Video, Shades of Summer LLC, and Taru’s Dry
When you watch the New York City Marathon on Sunday, November 7, keep
an eye out for 60-year-old Alain Kornhauser among the thousands of
athletes on the 27-mile run. If you don’t see him on the television
screen, look for him on his web page at ALK Technologies
Anyone will be able to track where he is and send him messages along
the way. With his Bluetooth receiver pinpointing his position and his
Windows Mobile-based Smartphone wirelessly connected to the Internet,
his position will be relayed to ALK’s live web server. The sender of a
short message can specify up to four possible single-word responses,
so that Kornhauser needs only to press a button to respond.
Kornhauser, who teaches engineering at Princeton, started ALK
Associates in 1979, and his wife, Katherine Kornhauser, is president.
He is also active in the Center for N.J. Transportation Information &
Decision Engineering (www.njtide.org), which aims to provide real-time
information about traffic on New Jersey roads.
Edward T. Cone, 87, on October 23, of complications following heart
surgery. He was a composer, author, and emeritus professor of music at
James B. Day, 78, on October 24. He had a public relations firm,
Communication Resources, in Trenton, and taught Trager body/mind
reduction at Health Choices Massage School.
Dominick Anthony Iorio, 73, on October 31. He was dean emeritus at
Rider University, College of Liberal Arts and Sciences.
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