Seldon Laboratories Selected to Receive NASA 2004 Small Business Innovation Research (SBIR) Phase II Award

first_imgWindsor, VT Seldon Laboratories, LLC, has announced that it had been selected by the National Aeronautics and Space Administration to receive a Phase II contract award under the agencys Small Business Innovation Research (SBIR) program. Funding for these research projects may be up to $600,000 for a two-year performance period. Contract negotiations are now underway.Seldon has developed a fused carbon nanotube material that purifies water without heat, chemicals, electricity, contact time, or significant pressure. In Phase I of its work with NASA, Seldon demonstrated that its technology could reliably clean large quantities of contaminated water. In the Phase II project, Seldon will develop a prototype purification unit suitable for use in spacecraft.According to NASA, 297 Phase II proposals were submitted this year and just 125 were selected. Seldon is the only Vermont-based company to receive a 2004 Phase II contract.U.S. Senator Patrick J. Leahy said, “It’s not surprising that Seldon’s revolutionary technology has applications in space, where it can make our spacecraft lighter, stronger and safer. But this will also open the door to more applications of this technology here on Earth, and it is a testament to the skill and dedication of the Vermonters who designed, developed and produced this breakthrough right here in Windsor.”Said U.S. Senator James Jeffords, “This is great news for Seldon and great news for Vermont. Seldon’s success in winning this contract is further proof that Vermont’s ingenuity goes a long way — even into outer space. This marks a renaissance of Windsor’s legacy of innovation.”We are delighted that NASA has selected our project, said Alan G. Cummings, Seldons CEO. This funding will allow us to quickly incorporate our technology into a product that will be of great use to our astronauts in space as well as to all of us here on Earth where fresh, clean water is increasingly in high demand.Seldon Laboratories, LLC, is a Vermont nanotechnology company focused on developing market ready applications for its breakthroughs in nanotechnology. The company was founded in 2002.last_img read more

Marlboro and Woodbury colleges awarded over $28,000 in grants for joint program

first_imgMARLBORO AND WOODBURY AWARDED OVER $28,000 IN GRANTS TO CONTINUE JOINT PROGRAMOnce again, two Vermont colleges are collaborating to help those who help others by offering a nonprofit management certification course. Starting this month, approximately 48 students will assemble at either Woodbury College in Montpelier or at the Marlboro College Graduate Center in Brattleboro for ten Friday workshops held over the next five months.Each workshop will focus on an aspect of nonprofit operation, including successful fundraising and grant writing, financial and personnel management, conflict resolution, marketing, and strategic planning. The workshops are designed for incumbent workers in the nonprofit field who have either recently moved into a management position or plan to seek a management position in the near future.This fall’s offering will be the second time Woodbury and Marlboro have worked together to strengthen Vermont’s nonprofit sector. According to program coordinator Jessie Lynn, “last spring’s course was a great success and we are thrilled to offer this certificate course again. Our core instructors, all of who are experts in their respective fields, really understand what is important for Vermont’s nonprofit community, so these workshops are truly relevant and practical.”Over $28,000 in grants has been awarded to Woodbury College and Marlboro College to recruit faculty, continue to develop curriculum, and obtain the necessary materials for the program. Granting organizations include the Workforce Education and Training Fund (WETF), which is a division of the Vermont Department of Labor, an anonymous donor and the TD Banknorth Charitable Foundation, which recently launched a new program to provide funds for nonprofit employee education and professional development. The grants have allowed the schools to cap tuition costs for in-state students at just $750.There are still spaces available. Interested applicants can call Jessie Lynn at (802) 229-0516 ext. 245 or email her at jessiel@woodbury-college.edu(link sends e-mail). A complete schedule of workshops, course descriptions and faculty information can be found online at www.woodbury-college.edu(link is external).###last_img read more

Vermont’s Green Mountain Power files for rate increase of 4.84 percent

first_imgGreen Mountain Power today asked the Vermont Public Service Board to authorize a 4.84 percent rate adjustment to go into effect on October 1, 2009, as part of its alternative regulation plan. The increase is primarily due to factors that affect all utilities in the region, such as the costs of reliability upgrades to the New England transmission grid.”We continue to work hard to reduce every single controllable expense on behalf of our customers,” said Mary Powell, Green Mountain Power President and Chief Executive Officer. “In fact, less than half a percent of the rate increase is due to changes in Green Mountain Power’s operating costs that are under our direct control. During these challenging economic times, we know that any change in rates will be difficult for our customers, and in response we have taken extra steps to keep this increase as low as possible, including keeping payroll costs flat and cutting other operating expenses.”Green Mountain Power already operates very efficiently, with the most customers served per employee of any utility in the state, and meets or exceeds very high customer service standards, such as how quickly customers’ calls are answered and the reliability of the electric service.To ensure system-wide reliability, every state pays a pro-rated share of all regional transmission reliability projects, based on its percentage of the total New England electric load. Vermont’s four percent cost share requirement for the significant investments in the transmission infrastructure New England has made to meet reliability requirements contributes to this rate request. Other states, in turn, invest proportionately in Vermont transmission reliability upgrades.Green Mountain Power’s overall average rates are the lowest of the large utilities in New England and Vermont’s five largest utilities, based on the most recent data available. The rate advantage is due in large part to long term contracts with Vermont Yankee and Hydro Quebec, which make up three-quarters of the Company’s power supply, and to the rest of New England’s heavy use of fossil fuels, which are more volatile in cost.”We will continue to focus our efforts on delivering the most cost effective power to our customers,” said Ms. Powell. “And as we work to replace expiring electric energy contracts, we are seeking the most cost competitive and reliable sources that are also low in carbon emissions and other air pollutants.”As is the case with many companies, Green Mountain Power has been affected financially by the recession. And because utilities need to borrow large amounts of money to maintain their generation facilities, distribution system and other infrastructure to serve customers, they need to be financially stable or risk higher borrowing charges that ultimately get passed on in higher rates.”Customers benefit by Green Mountain Power maintaining financial stability,” said Ms. Powell. “Financial markets react unfavorably when a utility’s ability to earn a return on investment is greatly reduced. They see this as a risk and charge more for lending money. This, in turn, increases costs to customers.”Green Mountain Power has operated under an alternative regulation plan since January 2007, which streamlines regulation while retaining appropriate regulatory review. It has been effective in significantly reducing regulatory costs while offering positive risk assurances to credit rating agencies.If the full rate request is approved, the monthly bill for an average residential customer using 600 kilowatt-hours would increase by $4.32, from $89.29 to $93.61.About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont’s population. It serves more than 200,000 people and businesses.Source: GMP. COLCHESTER, VT–(Marketwire – July 31, 2009) –last_img read more

AT&T expands mobile broadband coverage in the Mad River Valley

first_imgAs part of its continuing network investment to support growing demand for advanced mobile devices and applications, AT&T* today announced the activation of a new 3G cell site in Waitsfield serving nearby Fayston and the Mad River Glen ski area that will enhance coverage for area residents, tourists and businesses. With 3G speeds, AT&T customers can surf the Web, download files faster, and enjoy the very latest interactive mobile applications.This new cell site is one part of AT&T’s ongoing efforts to drive innovation and extend its 3G wireless network the fastest in the nation, according to independent testing. In December 2009, AT&T launched its 3G network in a number of Vermont cities and towns. These expansions are part of AT&T’s ongoing investment to build the broadband networks that will fuel economic growth and create jobs, and enable its customers to quickly access the content, applications and services that matter most to them. Additional 3G investments in Vermont will be announced later this year.”Our goal is pretty simple: we want you to have an extraordinary experience when you make a call, check e-mail, download a song or video, or surf the Internet on your AT&T device,” said Steve Krom, vice president and general manager, AT&T New England.. “As part of the Vermont community, we’re always looking for new opportunities to provide enhanced coverage and our investment in the local wireless network is just one way to accomplish this.”AT&T recently completed a software upgrade at 3G cell sites nationwide that prepares the nation’s fastest 3G network for even faster speeds. The deployment of High-Speed Packet Access (HSPA) 7.2 technology is the first of multiple initiatives in AT&T’s network enhancement strategy designed to provide customers with and enhanced mobile broadband experience, both today and well into the future.  Faster 3G speeds are scheduled to become available in 2010 and 2011 on a market by market basis as AT&T combines the new technology with our second initiative to dramatically increase the number of high-speed backhaul connections to cell sites, primarily with fiber-optic connections, adding capacity from cell sites to the AT&T backbone network.AT&T’s 3G mobile broadband network is based on the 3rd Generation Partnership Project (3GPP) family of technologies that includes GSM and UMTS, the most open and widely used wireless network platforms in the world. AT&T offers 3G data roaming in more than 115 countries, as well as voice calling in more than 220 countries.For updates on the AT&T wireless network, please visit www.att.com/networknews(link is external).*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.About AT&TAT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world’s most advanced IP-based business communications services, the nation’s fastest 3G network and the best wireless coverage worldwide, and the nation’s leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine’s list of the World’s Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com(link is external).© 2010 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.Cautionary Language Concerning Forward-Looking StatementsInformation set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.SOURCE AT&T Inc. BURLINGTON, Vt., Feb. 5, 2010 /PRNewswire-FirstCall/ —last_img read more

CSJ receives $33,000 grant from the McClure Foundation

first_imgThe College of St. Joseph in Rutland, VT, is pleased to announce that the J. Warren and Lois McClure Foundation, a supporting foundation of the Vermont Community Foundation, has presented the college with a grant for $33,000 to support its STEPS Program. STEPS (Students Taking an Effective Path to Success) is a program designed to assist young people in foster care with the transition to college. The program, now in its third year, is the first of its kind in the state of Vermont.College president Frank G. Miglorie and the CSJ community express gratitude for the generosity of the J. Warren and Lois McClure Foundation through their contribution to the STEPS program. The J. Warren and Lois McClure Foundation provided financial assistance to the college when it launched the STEPS program in 2008. The continued generosity of the Foundation has enabled the program’s great success at CSJ, which has helped students find the means to pursue higher education through STEPS. Soruce: CSJ. 10.21.2010last_img read more

Outdoor Gear Exchange moving store to Church Street, Burlington

first_imgThe Outdoor Gear Exchange (OGE), an outdoor retailer that has been a part of the Burlington community for over 15 years, announced today that this May it will move into the Church Street space currently occupied by Old Navy. By more than doubling the amount of retail space, this move will allow for expanded inventory and product selection, improved displays, more jobs and a better overall shopping experience. The move will also allow for increased back-office, warehousing, and gearx.com distribution space.            ‘After many years, we’ve simply outgrown our current space on Cherry Street,’ said Marc Sherman, OGE co-owner and visionary. ‘Finding a big enough space in the heart of downtown Burlington was difficult but we were committed to staying in this community. When we heard Old Navy was moving out, we jumped on the opportunity to acquire the space. It feels good to move our locally owned store into a spot previously filled by a national retail chain.’            OGE’s current retail location on Cherry Street provides 10,000 square feet of space, 3,500 of which is used for offices and warehousing. During the last few years, the gear shop has also opened a seasonal annex on Church Street to have a presence on the high-traffic holiday shopping avenue. In its new location, OGE will have a total of over 44,000 square feet spread over two floors. Retail displays will initially occupy over 15,000 square feet of the first floor with room for additional retail space in the basement as the business grows. The rest of the space will be used for offices, a warehouse, and OGE’s national online retail business, GearX.com.            The growth of GearX.com, which now accounts for 25 percent of OGE’s revenue, was a large factor in the quest for a bigger location. Online orders are often filled by pulling products off the retail floor, which is currently packed to capacity with racks full of gear. Anyone who has walked through the doors of OGE recently can attest to the lack of free space. Even the shop dogs, often seen lying in the storefront windows, seem to be jockeying for a place to rest. With the new space comes an expansive warehouse area for stocking inventory, which will keep the retail floor less cluttered.But moving to Church Street offers more than just elbowroom. ‘Our location on Cherry Street has served us well, but it has always been more of a destination spot,’ explained Sherman. ‘When the crowds are shopping on Church Street, they rarely turn the corner to see what’s on the side streets. In our new space, we will remain a destination for core athletes seeking the best values on equipment, but also expect to attract some of the walk-by traffic on Church Street.’            Along with new customers comes new gear. OGE plans to increase the selection of products for its core customers, as well as offer more gear for the everyday outdoor enthusiast. ‘Family camping, or car camping, is one area where we definitely plan to offer more selection,’ said co-owner Mike Donohue. ‘Plus, we’ll finally have room for things like open-tent displays and more paddling gear, from kayaks to stand-up paddleboards.’ Donohue added that customers can look forward to more kids clothing and gear, lifestyle clothing, travel equipment and better displays for products such as car roof racks.            OGE owes much of its success to its beloved consignment department. For many Vermonters, this section of the store is their lifeline for obtaining high-quality outdoor gear at second-hand prices and for repurposing their old gear. This section too, according to Donohue, will be larger and better organized in the store’s new space. There will also be a bigger selection of closeout items and seconds for thrifty thrill seekers. ‘While we are excited to be able to feature additional high-end products for those looking for the latest and greatest gadgets and apparel technologies, we will also be focusing on additional value-oriented products to make sure we stay true to our mission of making the outdoor lifestyle attainable for all budgets,’ added Donohue.The news about OGE’s relocation comes just after another outdoor retailer in Burlington, Climb High, announced it was closing its doors. The Bank Street space vacated by Climb High was once the location of OGE before it moved to Cherry Street. According to Donohue, OGE will begin carrying some of the brands that were popular at Climb High, such as Mammut, so Vermont athletes can still purchase their favorite gear from a locally owned retailer. The expansion into a larger space will add five to ten full-time employees to a staff that already comprises 55 full-time salespeople and office workers. ‘More than half of our staff have been here for over five years,’ claimed Sherman. ‘We have generations of outdoor enthusiasts who clock in year after year because they enjoy their jobs, and most of all, they love sharing their passion for the outdoors with everyone who walks in the front door.’The move to Church Street this May happens to occur around the store’s 16th anniversary. ‘This move is very much about making a deeper commitment to the community,’ added Sherman. ‘From more jobs to more products, we are looking forward to better serving the Burlington area and becoming a permanent fixture of the Church Street Marketplace.’ As for the handmade signs that adorn the Cherry Street store and give it that uniquely Vermont feel, ‘They’re coming with us,’ he said.last_img read more

People’s United announces final results in merger consideration for Danvers Bancorp

first_imgPeople’s United Bank,People’s United Financial, Inc. (NASDAQ: PBCT) today announced the merger consideration to be received by Danvers shareholders in People’s United’s acquisition of Danvers Bancorp, Inc.People’s United and Danvers Bancorp also today announced that their proposed merger was approved by the Office of the Massachusetts Commissioner of Banks and the MassachusettsBoard of Bank Incorporation on June 27, 2011.  The transaction was previously approved by Danvers Bancorp shareholders on May 13 and by the Office of Thrift Supervision on May 16. The closing of the merger is expected to occur on June 30, 2011. Based on final election results and applying the proration provisions set forth in the merger agreement, Danvers shareholders will receive the following merger consideration:Danvers shareholders will receive 1.624 shares of People’s United common stock for each Danvers share for which they made a valid stock election;Danvers shareholders who expressed no preference or who did not make a valid election will receive 1.624 shares of People’s United common stock for each Danvers share held by them; andFor Danvers shareholders who made a valid cash election, approximately 55.3% of the Danvers shares held by such persons will be exchanged for cash and the balance of the Danvers shares held by such persons will be exchanged for People’s United common stock, at the rate of $23 for each Danvers share exchanged for cash, and 1.624 shares of People’s United common stock for each Danvers share exchanged for stock.Under the merger agreement, fractional shares of People’s United common stock will not be issued. Instead, Danvers shareholders will receive cash based on the closing price of People’s United common stock on June 29, 2011 which will be the last trading day prior to the closing of the merger.Of the 20,686,592 shares of Danvers common stock outstanding immediately prior to the closing of the merger:2,036,686 shares, or 9.8%, elected to receive People’s United common stock;16,863,737 shares, or 81.5%, elected to receive cash; and1,786,169 shares, or 8.6%, did not make a valid election or did not express a preference.The total consideration paid by People’s United will be comprised of approximately 18.5 million shares of common stock and $214.5 million in cash.People’s United Financial, a diversified financial services company with $25 billion in assets, provides commercial banking, retail and business banking, and wealth management services through a network of 341 branches in Connecticut, Vermont, New York, New Hampshire, Maine and Massachusetts. Through its subsidiaries, People’s United Financial provides equipment financing, asset management, brokerage and financial advisory services, and insurance services. SOURCE People’s United Financial, Inc. BRIDGEPORT, Conn., June 28, 2011 /PRNewswire/ —last_img read more