Company News
Published Dec 21 2001
*Datalink Corp., Edina, has revised its outlook for the fourth
quarter ending Dec. 31. The company expects revenue to be
$24 million to $26 million, with a loss of 12 to 15 cents per
diluted share. Datalink reported revenue of $38.9 million and
earnings of 6 cents per diluted share in the year-ago fourth
quarter.
*Visionics Corp., Minnetonka, said the Department of
Defense's Counterdrug Technology Development Program
Office bought Visionics' scalable surveillance system, FaceIt
ARGUS, and other technology.
*SpectraScience Inc., Plymouth, has retained Greene,
Holcomb & Fisher to help the company review and evaluate
strategic alternatives, including an investment in the company
by a strategic partner or a potential sale.
*Ciprico Inc., Plymouth, has received certification from
Veritas Software Corp. that signifies the completion of tests of
the Ciprico NETarray RAID storage product operating with
Veritas software.
*Solution Design Group, Eagan, a value-added reseller for
Millbrook Corp., said Metropolitan Cardiology Consultants,
Coon Rapids, has agreed to license Millbrook Practice software.
*Bioenergy Inc., a Minneapolis-based developer of
pharmaceutical and nutritional applications for ribose, said its
Bioenergy brand Ribose has gained "generally recognized as
safe" status under rules of the U.S. Food and Drug
Administration. Bioenergy Ribose is an energy-producing
ingredient used by food and beverage manufacturers.
*Curative Health Services, St. Louis Park, said that eBioCare
Ic., its specialty pharmacy business unit, has entered into a
multiyear commitment with Baxter Healthcare Corp. to buy
products used in the treating chronically ill patients.
*Rehabilicare Inc., New Brighton, announced the European
launch of Compex Sport 400, its electromedical muscle
stimulator. Sport 400 was designed and developed by the
company's wholly owned subsidiary, Compex SA, and is sold to
sports retailers in Italy.
*Minnesota Power, a unit of Duluth-based Allete Inc., has
named named Don Shippar president and chief operating
officer, effective Jan. 1. Shippar is executive vice president and
chief operating officer.
*Pentair Inc., Roseville, said Roy Rueb, the company's vice
president, treasurer and secretary, will retire effective Dec. 31.
Rueb's responsibilities will be taken by Michael Meyer,
formerly assistant treasurer, who has been named treasurer.
*The Chromaline Corp., Duluth, and Aicello N.A. have
dropped their patent infringement lawsuit against Rayzist,
which has dropped its counterclaims alleging that the two U.S.
patents were invalid and unenforceable. No further action
relating to those patents will be taken.
*The Minnesota Department of Revenue has revoked the sales
tax permit of Fireside Coffee Inc., which operates coffee shops
in Ham Lake, Burnsville and Anoka, for failing to file and pay
state sales taxes. The department alleges that Fireside owes the
state more than $49,200 in sales tax, penalty and interest and
that the company has not filed sales tax returns.
*Media Productions Inc., a Minneapolis-based
communications company, has changed its name to Stone
Arch Creative.
*Alliant Techsystems, Hopkins, has been awarded a contract
from BAE Systems, Austin, Texas, to develop and demonstrate
solid-propellant insensitive munitions rocket motors for the
Army.
*8th Continent, Minneapolis, a joint venture between
General Mills Inc., Golden Valley, and Protein Technologies
International, has become a partner of the 2002 Bancroft
Arneson Explore activities. 8th Continent soy milk will be
supplied to explorers Ann Bancroft and Liv Arnesen on their
next expedition.
*PureChoice Inc., Lakeville, received the "notice of
publication" from the U.S. Patent and Trademark Office
confirming the mark "You've Got Data" is entitled to
registration in conjunction with its PureTrac air monitoring
system.
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