General Kinetics Inc. of Rockville, a diversified technology-based manufacturer, acquired most of the assets of QTP Inc. of Herndon, which had ceased operations this summer after filing for protection from creditors under Chapter 11 of federal bankruptcy law.
QTP had provided the government with testing services to ensure technical equipment purchased by the Department of Defense complied with the government's strict standards of durability and security. The company had occupied 13,600 square feet in Herndon, which General Kinetics also picked up in the transaction.
A spokesman for General Kinetics said the company will use the QTP testing equipment to enhance its own product development and testing efforts, primarily in its Cryptek division, which manufactures high-speed, secure facsimile machines for the government. The division, he said, is expanding and accelerating deliveries in support of Operation Desert Shield.
The spokesman said General Kinetics, which had revenue last year of slightly more than $18 million, had been looking to expand its technical capabilities. The acquisition of QTP's assets allowed it to expand quickly and at a low cost.
General Kinetics, which has about 250 employees, did not hire any QTP employees.
Travel Resources of Rockville acquired the assets of Student Travel Associates of Bethesda, which specializes in student tours to Florida and the Caribbean during spring break. Terms of the agreement were not disclosed.
ICF Kaiser Engineers of Oakland, a subsidiary of American Capital and Research Corp. of Fairfax, was awarded a contract for an undisclosed amount to provide scientific, management and technical support for the Lawrence Livermore National Laboratory, operated by the University of California for the Department of Energy.
Mobil Corp. of Fairfax became an associate sponsor for Las Vegas-based Penske Corp's auto racing team. The company also was awarded a contract to provide lubricants for the cars and trucks in Penske's transportations services company.
Computer Data Systems Inc. of Rockville was authorized to repurchase up to 200,000 shares of its common stock, or about 7 percent of the current shares outstanding.
Phillips Publishing Inc. of Potomac acquired Satellite Insider, a newsletter providing market research and analysis of the direct broadcast satellite industry, from Scientific InRoads of Atlanta for an undisclosed amount. Phillips will merge the publication into DBS News, a monthly newsletter with the same focus.
Rouse Co. of Columbia, Md., was awarded a contract by the Irvine Co. of Newport Beach, Calif., to manage its 1.2 million-square-foot regional shopping center in Orange County, Calif. The value of the contract was not disclosed.
Newbridge Networks Inc. of Herndon was awarded a contract to provide Nova Scotia Technology Network Inc. of Kanata, Ontario, a network of multiprotocol routers, which will be used to provide access to the American Internet network.
American Management Systems Inc. of Arlington was awarded a license by the Software Engineering Institute at Carnegie Mellon University to use SEI's software process assessment techniques.
Quality Health Associates of Dumfries, Va., began offering consulting services through the Health Development Center of Manassas.
Network Designs Inc., which specializes in the planning and implementation of local area networks, moved from Olney to Columbia, Md.
Gershman, Brickner & Bratton Inc. of Falls Church, a solid waste consulting firm, opened an office in Merrimack, N.H.
Baltic Ventures opened in Washington to provide public and private organizations with contacts in the Baltic states of Estonia, Latvia and Lithuania.
Hawthorne Corp. of Charleston, S.C., opened opened a facility at Dulles International Airport to provide fueling, storage and maintenance for corporate aircraft.
Piedmont BankGroup Inc. of Martinsville, Va., announced that it will purchase its 7 percent convertible subordinated debentures as part of its previous plan to purchase up to 50,000 shares of its common stock. Piedmont is acquiring the debentures at a conversion rate of 43.956 shares per $1,000 of principal amount.
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