New Jersey Technology & Science

Delphi Announces $750 Million Private Offering of Senior Notes by Its Powertrain Systems Spin-Off Subsidiary, Delphi Jersey Holdings PLC

2017-09-08

Upon completion of the separation, DPS intends to use the proceeds from the offering, together with borrowings under a $750 million term loan as part of its credit facilities, to fund operating cash, pay taxes, fees and expenses related to the spin-off, and distribute a dividend to Delphi. Pending completion of the separation, proceeds of the offering will be deposited into escrow for the benefit of the holders of the notes. The Notes are being offered for sale to qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration...

Leila Banihani Named Vice President of Operations to Oversee All CMC Programs
Leila Banihani Named Vice President of Operations to Oversee All CMC Programs

2017-08-12

Press Release – updated: Aug 11, 2017 15:21 EDT Fort Washington, Pennsylvania, August 11, 2017 – CMC Energy Services, Inc. (CMC) has announced the promotion of Leila Banihani to Vice President of Operations. In this new role, Banihani will oversee all programs at CMC, representing multiple utilities in multiple states. CMC’s 23 energy efficiency programs represent utility clients across six states, from Maryland to Massachusetts, and include the country’s #1 ranked energy efficiency program by the American Council for an Energy-Efficient Economy and the top-rated utility in the east region for customer satisfaction by J.D. Power. Based in Fort Washington, Pennsylvania, CMC Energy Services has offices in Cranbury, New Jersey, Yalesville, Connecticut, and Westborough, Massachusetts....

Pfister Energy Recognized as One of the Top Solar Contractors in US
Pfister Energy Recognized as One of the Top Solar Contractors in US

2017-08-08

The Solar Power World Top Solar Contractors list includes Hawthorne-based solar firm Press Release – updated: Aug 8, 2017 07:00 EDT HAWTHORNE, NEW JERSEY, August 8, 2017 – Coming off the biggest year ever for U.S. solar installations, local installer Pfister Energy is proud to be named one of the top solar contractors in the United States by Solar Power World magazine. The Top Solar Contractors list is developed by Solar Power World to recognize the work completed by solar contractors across the United States. The list was released on July 25.  “The 2017 Top Solar Contractors list features 500 of the best solar contractors...

Polaryx Therapeutics Receives Orphan Drug Designation From the U.S. FDA for PLX-200 for Rare Pediatric Disease
Polaryx Therapeutics Receives Orphan Drug Designation From the U.S. FDA for PLX-200 for Rare Pediatric Disease

2017-08-07

This new drug candidate will be used for the treatment of patients with Late Infantile Neuronal Ceroid Lipofuscinosis. Press Release – updated: Aug 7, 2017 07:00 EDT Paramus, New Jersey, August 7, 2017 – Polaryx Therapeutics, Inc, a biotech company developing oral small molecule therapeutics for Late Infantile Neuronal Ceroid Lipofuscinosis (LINCL) and for other forms of NCL, commonly known as Batten disease, has been granted Orphan Drug Designation from the U.S. FDA for PLX-200 to treat LINCL.  LINCL, which qualifies as a rare pediatric disease under Section 529 of the Food, Drug, and Cosmetic Act, is an autosomal recessive neurodegenerative disorder with life expectancy ranging from six to the early teenage years. Currently, no patient-friendly treatment options are available. LINCL, which is caused by mutations in the Cln2 gene, leads to the deficiency and/or loss of function of Tripeptidyl Peptidase 1...

Arthur S. Walters, MD Named a Lifetime Achiever by Marquis Who’s Who
Arthur S. Walters, MD Named a Lifetime Achiever by Marquis Who’s Who

2017-08-07

    NASHVILLE, TN, August 07, 2017 — Marquis Who’s Who, the world’s premier publisher of biographical profiles, is proud to name Dr. Arthur S. Walters a Lifetime Achiever. An accomplished listee, Dr. Walters celebrates many years’ experience in his professional network, and has been noted for achievements, leadership qualities, and the credentials and successes he has accrued in his field. As in all Marquis Who’s Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process. Since 2008, Dr. Walters has served as a full-time professor of neurology at Vanderbilt University School of Medicine in Nashville, Tenn., continuing the research he began as a young physician in movement disorders and sleep disorders. He was inspired by his mother’s side of the family, composed of creative...

State of New Jersey Cutting Prescription Drug Spend by 18% with Truveris TruBid® & Bill Review Technology
State of New Jersey Cutting Prescription Drug Spend by 18% with Truveris TruBid® & Bill Review Technology

2017-08-07

New York, NY August 07, 2017 — The outcome of a contract between Truveris and the State of New Jersey to assist with reducing the State’s prescription drug spend will result in a savings of approximately 18% on a new three-year contract with OptumRx. New Jersey becomes the first state government to use Truveris’ technology platform across multiple employee populations. The cooperation between the legislature, unions and the State on behalf of the taxpayers of New Jersey was essential in opening up an enormous opportunity for costs savings on the prescription drug program. More than 300 employers ranging from small- to medium-sized businesses and local labor unions to large, multi-national corporations with more than 50,000 employees are saving money through the Truveris TruBid platform. Truveris technology has helped negotiate coverage for nearly 7 million people and has influenced more than $9...

Sales Focus Inc. Adds 2 New Clients
Sales Focus Inc. Adds 2 New Clients

2017-08-01

Marriottsvile, MD August 01, 2017 — Intelligent Sales Solutions to Fit Every Industry across the US and Globally Sales Focus Inc. (SFI), a US-based sales outsourcing company, announced today that it has launched two new clients into the US market. Sales Focus Inc., an International leader in Sales Outsourcing is able to provide immediate revenue generation by providing dedicated sales teams to individual companies. To complement their growth in the Sales Outsourcing Industry, SFI has added Consulting, Co-Sourcing and Recruiting to complement their existing portfolio of Intelligent Sales Solutions. It has been a busy summer for Sales Focus, launching 2 clients into the US Market. Over the past 20 years SFI has been recognized as the world’s leader in providing Intelligent...

Maria Audin is recognized by Continental Who’s Who
Maria Audin is recognized by Continental Who’s Who

2017-08-01

ROCK TAVERN, N.Y., Aug. 1, 2017 — Maria Audin is recognized by Continental Who’s Who as a Pinnacle Lifetime Member in the field of Historical Research and Archaeology.       Audin is the president of Archaeology and Historic Resource Services, LLC, which specializes in cultural resource services. She has worked in her current position for the past six years. Archaeology and Historic Resource Services, LLC (AHRS), is a Small Business Entity (SBE) based in Orange County, New York. The business provides a full range of affordable, high-quality cultural resource services that range from due diligence to archaeological and historic surveys to potential mitigation, including archaeology, architectural history, historic research, historic preservation and federal and state compliance services. AHRS works alongside clients, regulators and site managers to create a plan to manage risk while optimizing project schedules. Audin and her team are dedicated to professional...

Lyca Productions’ Upcoming Mega Movie ‘2.0’ Graces the Hollywood Skies
Lyca Productions’ Upcoming Mega Movie ‘2.0’ Graces the Hollywood Skies

2017-07-30

Chennai July 30, 2017 — 2.0 Set to Hit the Market with a Bang Lyca Productions, one of India’s largest movie giants, has already become a household brand among movie buffs with their upcoming science fiction film 2.0. The movie will be starring ‘Superstar’ Rajinikanth, India’s most beloved, and Akshay Kumar, the Bollywood mega icon. The movie is directed by Shankar, a director often referred to as India’s Pride, known for his big budget socially conscious movies. The soundtrack for the movie is scored by Oscar winner AR Rahman. Lyca Productions: The Most Happening Movie-Making Brand Under the leadership of the Creative Head and Chief Operating Officer, Raju Mahalingam, the company has earned a global reputation...

PSEG Announces 2017 Second Quarter Results
PSEG Announces 2017 Second Quarter Results

2017-07-28

Ralph Izzo, Chairman, President and Chief Executive Officer said “PSEG’s second quarter earnings demonstrate the benefits of our utility investment program and adherence to operating efficiently. We remain committed to providing customers with affordable and resilient energy in a manner that also provides investors with strong, sustainable returns on capital. That commitment includes improving New Jersey’s aging infrastructure, as evidenced by our filing yesterday of a 5-year $2.7 billion extension of our Gas System Modernization Program.” Management uses non-GAAP Operating Earnings in its internal analysis, and in communications with investors and analysts, as a consistent measure for comparing PSEG’s financial performance to previous financial results. Non-GAAP Operating Earnings exclude the impact of returns(losses) associated with Nuclear Decommissioning Trust (NDT), Mark-to-Market (MTM) accounting and material one-time items such as the previously noted Hudson and...

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