Company News
Published Dec 19 2001
*The U.S. Food and Drug Administration has given premarket
approval to the Acticon Neosphincter from American
Medical Systems, Minneapolis. Acticon is the first device
approved in the United States for treating severe fecal
incontinence.
*The SICK Group, a privately held German company, said its
affiliates have acquired the material handling business of
Robotic Vision Systems Inc., Canton, Mass. SICK's North
American subsidiary is based in Minneapolis.
*August Technology, Minneapolis, has established an
engineering-services group dedicated to customizing August
Technology products to meet customer requirements.
*United Shipping & Technology Inc., Minneapolis, has been
notified by Nasdaq that it has demonstrated long-term
compliance and that the company's hearing file has been
closed.
*SurModics Inc., Eden Prairie, and Novocell Inc. have agreed
to jointly develop cell-encapsulation technology currently
targeted at diabetes. SurModics also will invest $4 million in
Novocell.
*U.S. Bancorp, Minneapolis, said its board of directors has
authorized the repurchase of 100 million shares of common
stock. The shares will be held as treasury shares and may be
reissued for various corporate purposes.
*I-Tech, Eden Prairie, has received a Notice of Allowance
from the U.S. Patent and Trademark Office for the
deep-memory technology used with I-Tech Satellite protocol
analyzers, which test Storage Area Network systems and
components.
*Target Corp., Minneapolis, has reached a licensing
agreement with youth culture designer Marc Ecko, founder of
the Ecko Unlimited brand. Ecko will continue to produce his
Physical Science sportswear line, which will be sold exclusively
in Target stores.
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