Archive for September, 2009

The outreach efforts of Maryland’s Department of Business and Economic Development have helped to convince about 50 percent of the 30,000 employees affected by Base Realignment and Closure to follow their jobs to Maryland.  However, there are still as many as 15,000 Department of Defense jobs that must be filled in the state by September 15, 2011.

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LINTHICUM – Northrop Grumman and Syagen Technology have signed a product development and license agreement to further strengthen their collaboration in the development of the next generation of chemical biological mass spectrometry instrumentation.  The multi-year agreement will focus on the development of chemical and biological detection using mass spectrometry in mobile military operations where a ruggedized, field deployable instrument is required.

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ANNAPOLIS – The Annapolis & Anne Arundel County Conference and Visitors Bureau has officially passed the gavel to its new Chairman of the Board, James LoBosco, General Manager of Loews Annapolis Hotel.  New board members are: Zia Boccacio of Alpaca International; Anthony Clarke of Galway Bay, the Eastport Business Association’s Marie Dall’Acqua; Joe Dantoni of Historic Inns of Annapolis, and April Nyman of the Arts Council of Anne Arundel County.

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ANNAPOLIS – ARINC has released a new AIM Enterprise Security Platform that is scaled-down version of its AIM Security Computer System (SCS).  AIM ESP retains key SCS characteristics related to facility monitoring and command and control, along with the open-platform flexibility and scalability that commercial customers require.  SCS is widely used for security management at U.S. nuclear electric power plants and government installations.

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BURTONSVILLE – Generating electricity from moving cars is the aim of New Energy Technologies, Inc., which recently made design and performance improvements following testing on the highly traveled Labor Day weekend.  The alternative and renewable energy developer has increased generating capacity and lowered maintenance costs of its prototype MotionPower device in a controlled environment where a mechanical actuator is depressed at a drive-through restaurant.  The resulting 2,000 watts of input power was converted to electricity.

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PRINCE FREDERICK – Audiobook publisher Recorded Books has established a partnership with Prep to launch a library version of ePrep’s revolutionary suite of online video-based study programs.  This partnership will allow libraries to offer patrons the opportunity to improve SAT, ACT, and PSAT scores without paying the excessive fees associated with private tutoring or classroom courses.

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ANNAPOLIS – South River Technologies has a new offering that allows Macintosh users to connect to remote servers as if they were mounted devices.  The WebDrive universal file access client, installed already on more than five million Windows-based computers in 114 countries, makes accessing remote files as easy as those on a flash drive or local hard drive.

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ANNAPOLIS – Severn Bancorp, Inc.,parent company of Severn Savings Bank, FSB, has declared a regular quarterly dividend of $.03 per share for Q3 2009.  This dividend is consistent with the $.03 per share dividend declared in Q2 2009 and represents a reduction of $.03 per share from the dividend from Q3 2008.

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ANNAPOLIS – iJET Intelligent Risk Systems has released the Enterprise Resiliency Assessment service to provide organizations with an evaluation of travel risk management, asset risk management and supply chain resiliency policies and practices.   The service benchmarks programs against industry peers, identifies successes to build upon and highlights gaps upon which to improve.

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GLEN BURNIE – Glen Burnie Bancorp announced its 69th consecutive dividend of ten cents per share of common stock.   The parent company of the Bank of Glen Burnie had 2,673,429 common shares outstanding with approximately 435 shareholders of record on Sept. 10th.  There are eight branches of the bank in Anne Arundel.

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