Business
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Ambler’s Facilities Control Technology Urges Business Owners to Take Extensive Security Measures This Summer
Ambler’s Facilities Control Technology, the maker of the venerated PatrolScan, is urging business owners to take pervasive security measures this upcoming summer season. According to the company’s CEO, Allyn Huntzinger, burglaries in the United States peak during the summer months. “While your security team might be great, you can’t just assume they’re doing everything they…
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VP of Blue Bell’s CoreDial Named to CRN Magazine’s 2016 Women of the Channel
Blue Bell’s CoreDial, a leading SaaS channel automation provider for cloud communications services, has announced that CRN (Computer Reseller News) Magazine, a brand of The Channel Company, has named Caitlin Clark-Zigmond to its prestigious 2016 Women of the Channel list. Clark-Zigmond is CoreDial’s Vice President of Product Management for Unified Communications as a Service (UCaaS).…
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Plymouth Meeting’s Inovio Pharmaceuticals Has Breakthrough with Zika Virus Vaccine
Plymouth Meeting’s Inovio Pharmaceuticals has announced that testing of its synthetic vaccine for the Zika virus induced robust antibody and T-cell responses in monkeys, demonstrating the product’s potential to prevent infection from this harmful pathogen. As a result, Inovio will conduct human studies later this year. The company synthetically generated DNA vaccine constructs targeting multiple…
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Bryn Mawr’s Noble.MD Gets Million-Dollar Prescription to Launch New Products
Area investors are prescribing $1.45 million to help Noble.MD, a health care technology firm in Bryn Mawr, achieve new levels of success. Equity financing from Radnor-based investors Safeguard Scientifics and BioAdvance, along with numerous individual angel investors, will enable Noble.MD to launch two new products and expand its sales and marketing push. “We have been helping…
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After Pair of Billion-Dollar Acquisitions, BB&T Empire Adds by Subtracting
BB&T Corp. has announced that it will consolidate 28 branches as part of its combined $4.3 billion acquisition of Susquehanna Bancshares and National Penn Bancshares, writes Jeff Blumenthal from the Philadelphia Business Journal. The Montgomery County branches in Abington, Pottstown, and Wynnewood are among those that will close. According to Blumenthal, BB&T said there would…
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Technology of KOP’s iCeutica Critical to Curbing Addiction to Pain Meds
King of Prussia’s iCeutica Inc. is licensing its SoluMatrix Fine Patricle Technology to a nearby pharmaceutical company that produces low-dose nonsteroidal anti-inflammatory drugs for pain relief, writes John Luciew of the Harrisburg Patriot-News. Iroko Pharmaceuticals, a global pharmaceutical company based in the Philadelphia Naval Shipyard, uses iCeutica’s technology to develop a suite of drugs as…
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Victrex Helps Produce Record-Breaking Lightweight Continuous Pipe
Expertise from West Conshohocken’s Victrex has helped Magma Global Ltd. develop a flexible m-pipe technology that can reduce exploration and production costs and help limit the hazards from subsea oil and gas systems, according to a staff report from Plastics Today. The lightweight continuous pipe is the largest and longest Victrex PEEK-based structure ever, capable…
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Regulators Snatch Keys of KOP’s Failed First CornerStone Bank
State and federal regulators have shut down the distressed King of Prussia-based First CornerStone Bank, writes Jeff Blumenthal of the Philadelphia Business Journal. First Citizens Bank & Trust Co., a subsidiary of Raleigh, N.C.-based First Citizens BancShares, have assumed all of First CornerStone’s $101 million in deposits and $103 million in assets. First Citizens will…
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Bryn Mawr Bank Earnings Report Boosts Main Line Financial Pillar Above Angsts
A strong first quarter of earnings is helping the parent company of Bryn Mawr Trust rise above doubts surrounding the longtime local bank’s future. Bryn Mawr Bank Corp. has endured underperformance, accusations of compliance issues and an abrupt stock loss over the past year as it has attempted to assimilate the recent acquisitions of Davidson…
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Is a Recession Looming? Vanguard Economist Says Downturn Unlikely
In the following video, Vanguard Global Chief Economist Joe Davis examines the current low-growth environment and places the likelihood of a U.S. recession in the near future at 15 to 20 percent odds. Davis concedes that the odds of a recession are elevated given the economy’s slow growth, reduced exports and declining corporate profits. But…
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Glenside’s Solar Light Company Releases New Line of Touch Screen Controllers
Glenside-based Solar Light Company – a leading global provider of solar simulators, UV transmittance analyzers, and radiometers – has released a new line of DCS-2 Touch Screen Controllers. These controllers/meters have a new slim design and color scheme that matches the company’s new and existing simulators, one of which specifically includes the 601 v.2.5 model.…
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Bryn Mawr Bank Corporation Bounces Back in First Quarter
After a rare, fourth-quarter loss, Bryn Mawr Bank Corporation has bounced back with a net income of $8.3 million in the first quarter of 2016, writes Jeff Blumenthal of the Philadelphia Business Journal. The loss at the end of last year was due to a previously announced $17 million charge to terminate the company pension…
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Unisys Secures Huge Contract from Merck
Unisys, the global information technology provider based in Blue Bell, has announced that its subsidiary in Germany has won a new five-year contract to provide Merck with end-user IT services for its 48,000 employees worldwide. Under the new contract, Unisys will provide the global pharmaceutical, chemical, and life sciences company with global service desk, unified…
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Republic First Bank Selects New Commercial Lender for Regional Market
Republic First Bank, which has offices located in Abington, Bala Cynwyd, Plymouth Meeting, Wynnewood and elsewhere throughout Greater Philadelphia, has named Jerry Bresser the Vice President and Commercial Lender for the Pennsylvania market. Bresser has nearly 20 years of local banking experience. Prior to joining Republic, Bresser worked for Commerce Bank, where he was hired…
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Security Sales to Help Unisys Rebound from First-Quarter Decline
Unisys, the Blue Bell-based information technology company, believes that its security-oriented consulting, infrastructure, and managed services will help the company rebound from recent losses, writes Michael Novinson of CRN (Computer Reseller News) Magazine. “What you’ll find, which you didn’t see in previous quarters, is a geographic breadth and depth,” Unisys President and CEO Peter Altabef…
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Unisys Reports Almost $40 Million in First-Quarter Losses
Unisys, the Blue Bell-based information technology service provider, recently reported a loss of $39.9 million in its first quarter, writes Jeff Blumenthal of the Philadelphia Business Journal. The company lost 80 cents per share. In the first quarter last year, it lost 87 cents per share for a total of $43 million. “Our first quarter…
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KOP’s eBay Enterprise Adopts Radial as New Company Name
A King of Prussia-based, retail-logistics company of more than 7,500 employees has reincarnated yet again. After five years as eBay Enterprise, the company founded as GSI Commerce is back as an independent firm with a new name, Radial, writes Joseph DiStefano of the Philadelphia Inquirer. “We were the smallest business unit in a big public…
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Glenside’s Paskill Stapleton & Lord Strikes Gold in Design Competitions
Glenside’s Paskill Stapleton & Lord struck gold in recent awards competitions sponsored by College and University Public Relations and Associated Professionals (CUPRAP) and Higher Education Marketing Report (HEMR). PS&L, a higher-education marketing firm, earned a total of four gold awards from the CUPRAP and HEMR competitions, part of a total of nine citations for excellence…
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