#b#Grant Awarded#/b#

Princeton Satellite Systems, 6 Market Street, Suite 926, Plainsboro 08536. 609-275-9606. Michael Paluszek, president. www.psatellite.com.

Princeton Satellite Systems and the Princeton Plasma Physics Lab have received a $500,000 grant from NASA to develop a spaceship engine that could power a mission to Pluto.

Princeton Satellite Systems won a NASA Innovative Concepts Phase II grant for its fusion-powered engine that Samuel Cohen of the PPPL is building. If Cohen’s engine works as planned, NASA believes it could dramatically reduce the cost of deep space flight and enable long-range missions previously thought impossible.

The technology uses the same principles of plasma physics as the PPPL’s fusion reactor, but would be used for propulsion rather than as a self-sustaining power source. It’s also far smaller and cheaper than a power plant-scale fusion reactor.

Princeton Satellite Systems also speculated that the engine (the Princeton Field Reversed Configuration Fusion Reactor) could be used to propel submarines and aircraft and for power in remote locations.

#b#Crosstown Moves#/b#

Talon Professional Services, 50 Millstone Road, Building 200, Suite 180, East Windsor 08520. 609-924-8900. Dan Reynolds, CEO. www.talonpro.com.

The staffing company has moved from Carnegie Center to Millstone Road in East Windsor.

Cosmolex, 1100 Cornwall Road, Monmouth Junction 08852. 866-878-6798. Rick Kabra, CEO. www.cosmolex.com.

CosmoLex, a provider of cloud-based software for managing law firms, has moved from North Center Drive to Cornwall Road in Monmouth Junction.

#b#Downsizing#/b#

Princeton Theological Seminary, 64 Mercer Street, Box 821, Princeton 08542. 609-921-8300. M. Craig Barnes, president. www.ptsem.edu.

It’s been a bad few years for specialized schools in the Princeton area. In 2015 the American Boychoir School declared bankruptcy and moved its classes to the campus of Rambling Pines Day Camp. In March Rider University announced it was looking for a buyer for the Westminster Choir College amid financial difficulties at the private college. Now the Princeton Theological Seminary is looking to shrink its campus and student body, selling or leasing real estate to consolidate down to one Princeton campus.

The seminary is forming a long-range plan to build housing and renovate buildings on the main Princeton campus while downsizing its West Windsor campus. Currently the school has 562 students and is considering shrinking that number by 30 to 40 percent over 10 years. The reduced student body would also result in less staff and faculty, though the Seminary said it planned to reduce the workforce by attrition rather than layoffs.

#b#Medical News#/b#

CytoSorbents Inc. (CTSO), 7 Deer Park Drive, Suite K, Monmouth Junction 08852. 732-329-8885. Phillip Chan, CEO. www.cytosorbents.com.

The medical technology company, which makes a blood purification device, has been given a $1 million contract from the federal Small Business Innovation Research program to develop its technology to treat fungal mycotoxin blood purification.

The grant is a follow-up to a previous $150,000 grant for treating the same condition. The contract is on behalf of the Pentagon, which wants the technology to counteract potential biological weapons that use toxic fungus. The grant money will be used to fund animal studies of the effectiveness of treating the deadly fungus in animals. If successful, the study would support using CytoSorb to treat fungal infections, which are responsible for about a quarter of all hospital-acquired infections.

#b#Name Changes#/b#

XPO Logistics, 107 Youngs Road, Mercerville 08619. 609-587-8193. John Scholz, service center manager. www.xpologistics.com.

Con-way Freight has changed its name following a 2015 purchase by XPO Logistics. The Greenwich, Connecticut-based trucking company bought Con-way and its 528 locations, including the Mercerville office, in a $3 billion transaction.

#b#Merger#/b#

NDA PharmApprove, 200 Princeton South, Third Floor, Ewing. 609-583-1990. www.ndareg.com.

The communications consulting company Pharmapprove has merged with NDA to form NDA PharmApprove. PharmApprove left its Lenox Drive office for a consolidated office in Princeton South Corporate Center.

#b#New in Town#/b#

Cornerstone Academy, 666 Plainsboro Road, Suite 415, Plainsboro 08536. 609-240-1402, www.cornerstone­academyprinceton.com.

The tutoring company has opened an office on Plainsboro Road. Cornerstone offers college prep and standardized test prep.

#b#Deaths#/b#

Helen Burt, 68, on April 23. She retired in 2014 as a supervisor of accident reports after 30 years at the Department of Transportation.

Stanley Davis, 62, on April 19. He worked for ETS, the Trenton Times, and Johnson & Johnson, where he was human resource director. He also founded Pro Consulting Group.

Timothy Losch, 66, on April 21. He was senior vice president of New Jersey National Bank/Core States, executive vice president of Yardville National Bank, and regional president of Fulton Bank of New Jersey. He was chair of the Mercer Regional Chamber of Commerce and served on the boards of many other community organizations.

Michael Maccarone, 79, on April 25. He owned and operated Hamilton Coiffures beauty salon in Trenton.

Thomas William Martine, 66, on April 19. He worked at the Princeton University Library where he led the monograph acquisitions team.

Mary McHugh on April 28. She was an executive secretary for RCA and General Electric.

Richard D. Peery, 75, on April 3. He was director of the planetarium at the New Jersey State Museum in Trenton.

Patricia Perone, 72, on April 25. She was the office administrator of the Jingoli & Son construction company.

Robert Stahl, 82, on April 22. He was founder of Tiger Distributors and former owner of J.B. Richardson & Sons, both in Trenton.

Facebook Comments