MobilePro, a Bethesda broadband telecom company, said it will form a partnership with and acquire 5 percent of Texas Prototypes in return for MobilePro services, a deal MobilePro says will help it commercialize its intellectual property.
Texas Prototypes helps companies manufacture new products.
"We expect the synergy between our two companies to provide significant value to both MobilePro and Texas Prototypes," said Kurt Gordon, MobilePro's chief financial officer.
Michael Shores, Texas Prototypes chief executive, said, "MobilePro's technology and services could have significant value in connection with our electronic prototype manufacturing business."
MobilePro has bought several small companies recently: C.L.Y.K., a Michigan communications company, and broadband company Web One.
For its first fiscal quarter ended June 30, MobilePro lost $757,439.
* Cuisine Solutions, an Alexandria maker of frozen meals, began a salmon-production partnership in Chile last week. Cuisine Solutions owns 10 percent of a "Sous-Vide" plant in Chile, a type of food preparation involving cooking in a vacuum at very low temperatures for long periods of time.
Cuisine Solutions has exclusive marketing agreements for the United States and most of Europe for the products processed in the plant. Chile is the world's largest producer of farm-raised salmon. Cuisine Solutions is concurrently slowing production of salmon at its plant in Norway.
* Highland Hospitality, a McLean hotel real estate investment trust that owns 14 hotels, said it will buy the 202-room Courtyard Denver Airport hotel for $17.25 million, or about $85,400 per room. The company expects to close on the hotel within the next 30 days.
"This property fits well with our strategy to acquire upscale, limited-service assets in urban and major airport markets," said president James L. Francis. "The Courtyard Denver Airport is located near one of the busiest airports in the country and is situated just outside one of the fastest-growing major cities in the United States."
* Spherix of Beltsville filed a protest of the U.S. Department of Agriculture's award of a contract to operate a consolidated National Recreation Reservation System for the country's national parks to ReserveAmerica.
The new system will provide reservation services for all federal recreation facilities, including the national park sites currently serviced by Spherix.
"The conduct of this whole procurement has been very disturbing from the outset," said Spherix President Thomas W. Gantt.
Spherix, which is also a biotech company that makes products including pesticides, contends the system will cost taxpayers more.
* USEC of Bethesda submitted a license application to the U.S. Nuclear Regulatory Commission to build and operate the American Centrifuge Plant in Piketon, Ohio, which the company described as another step forward in its program to deploy what is expected to be the world's most efficient uranium-enrichment technology.
The submission comes seven months ahead of schedule and completes the sixth milestone in USEC's June 2002 agreement with the U.S. Department of Energy to deploy next-generation American Centrifuge technology.
Before granting the commercial plant license, the NRC will review the plans for safety and environmental concerns.
* Great State Publishing of Frederick said it will launch the lifestyle bimonthly Maryland Life magazine (www.maryland-life.com) in mid-December. Maryland, the newly formed publishing company says, has been without a statewide magazine for nearly a decade.
The magazine is backed by Maryland newspaper publisher George B. Delaplaine Jr. of Great Southern Enterprises.
Other investors include Karin DeFrancis of the Maryland Jockey Club; former Harford County newspaper publisher Peter A. Jay; and Great State Publishing's three managing principals: Dan Patrell, Ross Peddicord, and Scott Runkles.
* TVI, a Glenn Dale supplier of equipment for first-responders, said its stock was approved for listing on the Nasdaq SmallCap Market. TVI has been trading on the OTC Bulletin Board under the symbol TVIN and will retain the same symbol.
"Our listing on the Nasdaq represents a very significant event for the company," chief executive Richard V. Priddy said. "Our institutional investors, financial advisers and other valued constituencies have encouraged us to move to Nasdaq for the advantages it affords the company and its investors over the auction market."
* EMG, a Hunt Valley consultant, is studying 35 George Mason University buildings at its three Virginia campuses in Fairfax, Arlington and Prince William counties, some dating back to 1925, to see what kind of upgrading they need.
By October, when the report is finished, the university will have a better idea of what it needs to spend on renovation.