#b#New in Town#/b#

The Mitre Corporation, 200 Forrestal Road, Princeton 08540; 609-258-9540. Gerald Gilbert, director, Quantum Information Science Group. www.mitre.org.

The Mitre Corp., a non-profit company that manages federally funded research and development centers, has opened a new facility in Forrestal Center where it will collaborate with Princeton University researchers.

“The joint effort between the not-for-profit organization and Princeton researchers harnesses the country’s brightest scientific and engineering talent to advance technologies to address some of the most complex national challenges in diverse areas including cyber security, financial engineering, and data mining,” says a Mitre press release.

Mitre’s relationship with researchers at Princeton began in 2006, when Gerald Gilbert, who leads MITRE’s Quantum Information Science (QIS) group, started collaborating with Princeton faculty on issues related to quantum error correction and quantum computing.

Gilbert leads the five-person staff at the university’s Forrestal Campus, which is also home to several of the school’s research organizations and industry partners.

“MITRE is excited about building strong collaboration with Princeton researchers to leverage their expertise to help solve some of the nation’s most important challenges,” said Richard Byrne, senior vice president and general manager of Mitre’s Command and Control Center. “This model brings academia to bear on a range of issues of critical national importance, and is a dual benefit for our government sponsors.”

Centers managed by Mitre include the National Security Engineering Center the Department of Defense; the Center for Advanced Aviation System Development for the Federal Aviation Administration; the Center for Enterprise Modernization for the Internal Revenue Service and U.S. Department of Veterans Affairs; the Homeland Security Systems Engineering and Development Institute for the U.S. Department of Homeland Security; and the Judiciary Engineering and Modernization Center for the federal court system.

Mitre also has its own independent research and development program that explores new technologies and new uses of technologies to solve its sponsors’ problems in the near-term and in the future.

#b#Buyout#/b#

Rockwood Holdings (ROC), 100 Overlook Center, Princeton 08540; 609-514-0300; fax, 609-514-8720. Seifi Ghasemi, chairman and CEO. www.rocksp.com.

Rockwood Holdings, a specialty chemicals company based at 100 Overlook Center, has agreed to buy the 39 percent stake held by Kemira Oyj, a Finland-based chemicle conglomerate, in Sachtleben — a titanium dioxide joint veture— for $130 million.

Sachtleben was formed in 2008 combining Rockwood’s titanium dioxide pigments and functional additives business and Kemira’s titanium dioxide business.

Sachtleben produces high quality, specialty grade titanium dioxide for customers in the synthetic fibers, plastics, paints, packaging inks, coatings, cosmetics, pharmaceuticals, food, catalyst, and paper industries. This business line also provides recycling services for sulfuric waste acid.

“Given our prior statements that the titanium dioxide business is non-core, it is our key objective this year to explore and execute on the best strategic option for Rockwood,” said Seifi Ghasemi, chairman and CEO. “Attaining 100 percent ownership of the joint venture provides us with the flexibility to achieve this goal in the time frame and manner most optimal for maximizing shareholder value.”

Meanwhile, in December, Rockwood Holdings received approval from the government of Australia for the acquisition of Talison Lithium Limited for $732 million to expand its battery-grade lithium production to an international customer base.

Earlier in 2012, Talison doubled its lithium production capacity by expanding a plant in Western Australia, where it has been manufacturing the energy product used in batteries and mobile electronics for more than 25 years.

#b#Leaving Town#/b#

BDM Consulting, 100 Franklin Square Drive, Suite 102, Somerset 08873; 609-843-0159; fax, 609-843-0105. Sam Liang, owner. www.bdmconsulting-inc.com.

BDM Consulting, a medical industry CRO, has moved from 330 Wall Street to Franklin Square Drive in Somerset. The company specializes in data management, biostatistics, and SAS programming.

#b#Crosstown Moves#/b#

Optima Global Solutions Inc., 3131 Princeton Pike, building 3, suite 207, Lawrenceville 08648; 609-586-8811; fax, 609-586-8825. Mahesh Yadav, CEO. www.optimags.com.

Optima Global System Solutions, a technology firm, has moved from 3705 Quakerbridge Road in Hamilton to 3131 Princeton Pike in Lawrenceville.

The company provides IT staffing, and also on site, off site, and offshore software development and maintenance services.

#b#Death#/b#

John Allen Schmidt, 72, on February 13. He worked for 36 years at the Princeton Plasma Physics Laboratory focusing on the design of cutting-edge facilities for magnetic fusion research.

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