Recently in N.J. Tech: Company News Roundup


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  • Mformation, a privately held company from Edison, won its $147.2 million patent infringement suit against Research in Motion, maker of BlackBerry devices. The suit has been going on since 2008, when the company claimed that RIM took details of the technology disclosed during licensing discussions and included them in their products. According to Bloomberg News, Amar Thakur, Mformation’s attorney, said the damage award is for royalties on past sales on devices to nongovernment U.S. customers.
  • mphase (Little Falls) and Stevens Institute of Technology announced they would jointly pursue business opportunities and R&D; around the design and fabrication of an advanced battery technology, using intellectual property from both parties. They said they would possibly integrate mPhase’s Smart NanoBattery Technology with Steven’s grapheme-based inkjet printing method for printing electrodes and electronic circuits.
  • Heartland Payment Systems (Princeton) acquired LunchByte Systems, a foodservice back-office management and point-of-sale company which has a menu management, inventory management and POS solution for K-12 administrators, staff, parents and students. Heartland has been buying up providers in this space and now serves more than 29,000 K-12 schools in the United States. 
  • Sony Electronics (Park Ridge) said its first medical-grade monitor using organic light-emitting diode (OLED) technology had been approved by the FDA and would be sold in the U.S. The 25 inch monitor is already in use in other parts of the world for applications such as endoscopy, arthroscopy, laparoscopy and thoracoscopy.
  • Axiologix (Bedminster), an international technology and services organization focused on cloud products and services said it realized its first revenues since changing strategies in 2012. The company, which pivoted from being an online educational software company,  is creating a nationwide service provider of voice, data and cloud services to small and medium size businesses primarily in the U.S. and to other operators globally, by acquiring strategic technology assets and existing turnkey VoIP and independent operators. The company, which sold its educational software assets to former CEO John Daglis, made two acquisitions in 2012. In January the company acquired all the assets and liabilities of VOIP ACQ, and in March the company purchased the assets and intellectual property of Prime Carrier, in Ireland. The company predicted it would generate $1 million in annual revenues from this subsidiary.
  • Lapis Technologies (Emerson), a provider of aerospace and defense technologies and solutions, said its subsidiary Enertec Systems of Israel received an order for $2.9 million for sophisticated computer-based command and control systems. The purchasing naval entity was unnamed.

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