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ADAPTEC ACQUIRES GERMAN INTEL SUBSIDIARY

MILPITAS - Adaptec Inc. has acquired ICP Vortex Computersysteme GmbH, a leading provider of data protection products for customers across Europe. ICP Vortex was an indirect wholly-owned subsidiary of Intel Corporation. Financial terms were not disclosed. Based in Germany, ICP Vortex provides a broad range of hardware and software RAID (redundant array of independent disks) data protection solutions, including SCSI, Serial ATA (SATA) and Fibre Channel products. The company's products are sold to major original equipment manufacturers and through value-added resellers. Adaptec plans to continue the ICP Vortex operation in Europe, complementing Adaptec's other offerings for storage connectivity, data protection, storage networking and external storage.

MASS FIRM BOUGHT BY CALBATECH

IRVINE - Privately held MolecularWare, Inc., a bioinformatics firm based in Cambridge, Massachusetts, has been purchased by CalbaTech, Inc. and will become a wholly owned subsidiary of the life sciences company. Terms were not disclosed. The acquisition by Irvine-based CalbaTech will allow MolecularWare to continue developing and marketing its workflow management suite, which allows researchers to store, annotate and search data derived from high-throughput biology research, and generate cash flow for CalbaTech to offset its own research and development costs, according to a company source. CalbaTech is focused on acquiring and developing early stage companies that are developing next generation products and technologies for life sciences in the US and the U.K. and is concentrating on products and/or technologies that will generate sales or licensing revenue in less than two years, and will require less than $1 million dollars to bring a product to market, the source said.
 
US, ROMANIA SIGN COOPERATIVE ENERGY AGREEMENT

WASHINGTON, DC - US Secretary of Energy Spencer Abraham and Romanian Minister of Industry and Resources Dan Ioan Popescu have signed an agreement for both countries to work together to foster cooperation in energy areas. The agreement calls for the two countries to work together to foster the development of Romania's energy sector and collaborate on the exchange of information, and consideration of the feasibility of undertaking cooperative activities to determine the interest of US energy companies in trading with and investing in Romania; foster cooperation on basic and applied energy research and development; encourage research, development, design, construction, operation, maintenance, and management of power plants; create mechanisms to address energy and environmental issues, including energy policy, energy efficiency, and the development and expansion of regional infrastructure networks; and develop legal and regulatory frameworks and regional cooperation. "Romania's electricity, gas and oil sectors have a significant investment potential to the US and Romania is making great progress moving forward with its privatization of the energy sector," Abraham said. 

MILITARY TEST RANGE CONTRACT AWARDED

SAN DIEGO - Cubic Worldwide Technical Services Inc., a subsidiary of San Diego-based Cubic Corp. has received a new contract to continue operating and maintaining the Ripsaw Electronic Warfare and Aircraft Live Fire Range in northern Japan. The US Air Force, US Navy and the Japanese Self Defense Forces (JSDF) use the Ripsaw Range to train F-16, C-130, F/A 18, P-3, F-1, F-2, and F-4 aircraft crews in electronic warfare evasion tactics, bombing and gunnery skills. Cubic's Ripsaw team in Misawa, Japan, controls aircraft access to the range, keeps range equipment operating and provides range safety support. The team also provides daily maintenance and grooming of the range area, including building maintenance, road maintenance, vegetation control and target repair. The new contract from the 35th Contracting Squadron at Misawa Air Base has a base period of six months plus seven one-year options, bringing the total contract amount if all options are exercised to just over $7 million. The new contract replaces a five-year, $5 million contract that Cubic won in 1998.

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