News

Biotech company founder Sal Salamone honored as one of New Jersey’s top inventors

The Morning Call • November 2, 2016

The co-founder of a Bethlehem biomedical company can claim to be linked with Thomas Edison, Albert Einstein and countless other great innovators with ties to the Garden State.

Sal Salamone, CEO and president of Bethlehem-based Saladax Biomedical Inc., has been inducted into the New Jersey Inventors Hall of Fame. His award, for “luminary discoveries,” covers the following fields: oncology research, therapeutic diagnostics, health care and medical device services.

Salamone’s company makes a test to gauge the level of chemotherapy drugs in bloodstreams. The drug gauge addresses the issue of cancer patients absorbing pharmaceuticals at different rates.

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“We will not fully achieve the promise of personalized medicine until we also ensure patients are receiving the correct amount of drug for their body,” Salamone said in a statement. “This is my life’s work and I am deeply honored to be recognized for it.”

Salamone, who grew up in central New Jersey, has more than 30 years of experience developing diagnostics, and has earned more than 140 U.S. or foreign patents. The Bethlehem resident worked nearly three decades for Roche Diagnostics before becoming senior vice president of research and development for OraSure Technologies Inc. in 2001.

Three years later, he co-founded Saladax Biomedical, which is based at Ben Franklin Technology Partners of Northeast Pennsylvania’s TechVentures building on Lehigh University’s Mountaintop campus.

Salamone joined nearly three dozen winners who were honored Oct. 27 during an awards banquet in Hoboken, N.J. The event honors inventors who hail from the Garden State, from graduate students beginning their careers to veteran innovators.

PocketiNet Communications finds support in local residents who help spread the word about Fiber-to-the-Home

Walla Walla, WA • October 17, 2016

Even though it seems like ancient digital history, about a year ago the “Be Like Bill” meme went viral. If you’re unfamiliar, the meme consisted of a black and white drawing of a stick figure sitting at a computer desk. The caption would extol readers of Bill’s virtues and then spur readers to action with a final phrase, “Be like Bill.” As with most viral meme’s it had fifteen minutes of fame and quietly disappeared. Today, I’d like to revitalize the meme but this time title it, “Be like Zach.”

Pictured below, you see Zach and Wrandoll. Zach lives in a relatively new neighborhood in College Place, WA. One day, not long ago, Zach heard via word of mouth about PocketiNet’s Gigabit Country Fiber-to-the-home initiative. Wanting to know more, he reached out to PocketiNet asking if there was anything he could do to promote Gigabit Country in his neighborhood? The answer from PocketiNet, “Of course!”

PocketiNet

Pictured l to r: Zach Hafen and Wrandoll Brenes. Wrandoll is PocketiNet’s
OSP Director. They are seated in PocketiNet’s Gigabit Country Experience
Center located upstairs at the Walla Walla Regional Airport.

PocketiNet is currently deploying Gigabit Country Fiber in the Walla Walla Valley and the greater Tri-Cities area. PocketiNet has been providing commercial Fiber to these areas for over 10 years but residential Fiber has been too expensive to for most homes. All that changed about a year ago. With several large Internet Service Providers now deploying residential Fiber in urban areas across the nation PocketiNet, a local company, decided to start the process in Walla Walla. Todd Brandenberg, PocketiNet’s president and founder says, “PocketiNet is committed to south-eastern Washington. We want to be the ones to serve our neighbors instead of waiting for a corporate giant to eventually get here.” He continues, “We’re from this area, we love the quality of life people here enjoy, and we want to help make it better.” That commitment coupled with Fiber’s new affordability has fueled PocketiNet’s desire to provide state-of-the-art Fiber to local homes.

When Zach reached out to PocketiNet they invited him to their Gigabit Country Experience Center to meet with Wrandoll and several other staff members. The topic of conversation was how best to rally his neighborhood so it can be one of the next to get Fiber Internet. Zach left with brochures, door hangers, and various other promotional materials to share with his neighbors. Zach isn’t normally the type of guy who goes around knocking on doors to introduce himself. It was a bit out of his comfort zone. Once Zach began going door to door he said, “I was most comfortable hanging door hangers, but doing so sparked conversations with some of the homeowners in the neighborhood.”

For folks who aren’t sure they need Fiber, Zach reminds us that times are changing quickly and technology is advancing rapidly. He says, “We used to think phones were just for calling people!” Now we have smart phones which are basically mini-computers in our pockets.

Are Zach’s efforts paying off? You bet. His neighborhood is nearly 30% of the way to meeting the construction goal. Perhaps you’re reading this and thinking you’d love Fiber to your home but you’re not about to knock on your neighbors’ doors to extol them on the virtues of Fiber. You can still make a difference. Sign up at PocketiNet.CrowdFiber.com. As part of that process, you can anonymously send Gigabit Country postcards to your neighbors encouraging them to sign up as well. Lastly, if you’re interested, PocketiNet would be happy to put a Gigabit Country yard sign in your yard.

Zach worries he may be pushing Gigabit Country too much with his neighbors. They won’t think him pushy once they experience Fiber. After all, it increases home values by 3-5%, on average. It’s virtually future proof. As our homes, cars, and personal devices vie for bandwidth, Fiber consistently delivers. Imagine streaming 4K UHD movies to your TV with nearly zero waiting, zero pixilation, zero buffering, and it’s never impacted by the weather. PocketiNet’s Gigabit Country services offer up to 1000Mbps Internet speeds with managed Wi-Fi, digital home automation, security, home phone, video surveillance, video streaming systems, and DIRECTV for folks who want a traditional TV experience.

Want to try it out for yourself? Visit PocketiNet’s Gigabit Country Experience Center upstairs at the Walla Walla Regional Airport or in their Tri-Cities office at 6503 W. Okanogan Avenue, Suite G (after Nov 1st). Zach did. His response: “It was really neat to see it all working.”

When Zach was asked why he wanted Fiber to his home he said, “I want to be prepared for the future of the Internet.” I say to Zach, “Good for you Zach.” I say to you, “Be like Zach.”

PocketiNet Communications is a locally owned and operated broadband Internet and Home Security service provider. Founded in April of 2000, PocketiNet serves the Mid-Columbia Basin from Walla Walla to Yakima, WA, south to Umatilla, OR, and all points in between. In the competitive market of broadband Internet service providers, PocketiNet has positioned itself above the competition by actually delivering on its promises: speed, reliability, value, dedication and customer care.

Contact: Donny Veverka
PocketiNet Communications, Inc.
Phone 509-526-5796 ext. 129
Fax 509-526-4919

Hibernia Networks completes $165 million financing

Dublin, Ireland • June 1, 2016

Hibernia Networks, a leading provider of global, high speed telecommunications solutions, announces that it has completed a $165 million senior secured credit facility with a new lender group. The refinancing will be used to pay down existing indebtedness of $97 million, as well as provide incremental liquidity to fund organic and inorganic strategic initiatives in support of the company’s continued growth and expansion. The new lender group is led by MUFG, and includes ING Capital, Citizens Bank, HSBC, and CIT.

“We are delighted to have completed this landmark financing transaction for the company. Our new lending group comprise highly regarded financial
institutions with operations and relationships spanning multiple markets globally, complementing Hibernia Networks’ expanding global reach. This transaction demonstrates the capital markets’ positive reception to our strong ongoing financial performance,” states Lloyd Jarkow, CFO of Hibernia Networks.

“This is yet another milestone in Hibernia Networks’ fast-paced evolution as we continue to effectively execute on our business plan. We are well
positioned to build on the momentum generated by the launch of Hibernia Express last fall and we are pleased to have secured the support of our new lending group along our pathway of continued growth.” The new credit facility represents a substantial reduction in the interest rate on the company’s senior secured debt and provides for incremental liquidity enabling Hibernia Networks to accelerate the execution of its strategic objectives.

The Bank Street Group LLC acted as Hibernia Networks’ exclusive financial advisor for the refinancing.

For more information on Hibernia Networks’ cutting-edge network solutions, please visit http://www.hibernianetworks.com.

About Hibernia Networks

Hibernia Networks owns and operates a global network serving more than 100 markets and spanning 25 countries. Hibernia Networks serves customers with unparalleled support, flexibility and service in a variety of industry segments including financial markets, web-centric, media and entertainment, and telecom service providers.

Providing enterprise-class and wholesale global connectivity solutions, Hibernia Networks offers secure and diverse optical transport, Ethernet, and carrier-grade IP transit services. Hibernia Networks also offers dedicated cloud connectivity, low latency services, DTM and HiberniaCDN for seamless anytime, anywhere content delivery.

Hibernia Express, Hibernia Networks’ transatlantic cable, provides the lowest latency connections available between major commercial and financial centers in North America, Europe and beyond. The state-of-the-art cable system garnered two Global Carriers Awards in 2015 – Subsea Project of the Year and Best Subsea Innovation.

MUFG leads Hibernia Networks $165MM financing

ABF Journal • June 1, 2016

Hibernia Networks, a provider of global, high-speed telecommunications solutions, completed a $165 million senior secured credit facility with a new lender group led by MUFG.

The refinancing will be used to pay down existing indebtedness of $97 million and provide incremental liquidity to fund organic and inorganic strategic initiatives in support of the company’s continued growth and expansion. The new lender group includes ING Capital, Citizens Bank, HSBC and CIT.

“We are delighted to have completed this landmark financing transaction for the company. Our new lending group comprises highly regarded financial institutions with operations and relationships spanning multiple markets globally, complementing Hibernia Networks’ expanding global reach. This transaction demonstrates the capital markets’ positive reception to our strong ongoing financial performance,” said Lloyd Jarkow, CFO of Hibernia Networks.

The new credit facility represents a substantial reduction in the interest rate on the company’s senior secured debt and provides for incremental liquidity enabling Hibernia Networks to accelerate the execution of its strategic objectives.

The Bank Street Group acted as Hibernia Networks’ exclusive financial advisor for the refinancing.

Hibernia Networks owns and operates a global network serving more than 100 markets and spanning 25 countries.

Experienced engineer joins PocketiNet Communications

Walla Walla, WA • April 13, 2016

Wrandoll Brenes Morua (Wrandoll Brenes) has joined PocketiNet Communications as Outside Plant Director. Founded in April of 2000, PocketiNet serves the Columbia Basin region in Washington State from Clarkston to Yakima and south to Umatilla, OR, and all points in between. Since 2011 Mr. Brenes, a local College Place, WA resident, has been commuting to and from Portland, OR, working as Civil Engineer and RDII Program Manager for the City of Portland’s Bureau of Environmental Services. Mr. Brenes has twice worked for the City of Portland’s Bureau of Environmental Services. His first tenure was from 1989 to 2004. During that time, he held several positions: Watersheds and Cornerstone Projects Section Manager, Capital Improvement Program Manager, as well as various other Engineering positions. The Brenes family moved to the Walla Walla Valley in 2004 when Mr. Brenes accepted an invitation to become the City Engineer for the City of Walla Walla, Public Works Department, a position he held until 2010. The Brenes family enjoys living in Walla Walla which meant Wrandoll had to commute. That weekly drive has come to an end as Wrandoll will be spearheading PocketiNet’s Fiber-to-the-Home initiative. He will be responsible for engineering the deployment of the state-of-the-art utility, coordinating with existing utility services, complying with city and county ordinances, implementing best management practices to address environmental concerns, and managing the resources required to deploy Fiber throughout the Walla Walla Valley and beyond.

Contact:
Donny Veverka
PocketiNet Communications, Inc.
Phone 509-526-5026
Fax 509-526-4919

Magnet provides free Wi-Fi for Galway Food Festival

This Is Galway

Like to tweet and eat, Google on-the-go or even snap a ‘sambo selfie’? Galway’s Food Festival is ripe with connectivity as Magnet provide free wi-fi for all festival visitors this Easter weekend.

This is a first for the Galway Food Festival but since Magnet have been providing Wi-Fi for major events including the X-Factor auditions, NFL tailgate parties and rugby matches at Wembley stadium through our subsidiary Velocity1 they’re good hands.

The Galway Food Festival, now in its fifth year, runs over five days this Easter weekend from Thursday, 24th until Monday, 28th March. Attracting more than 70,000 visitors last year, the festival celebrates Galway as a good food destination with a strong focus on artisan, seasonal and local produce.

The complimentary Wi-Fi from Magnet Networks will be available in the Festival Village located at The Spanish Arch. Festival goers just need to select “food_festival” from the available wireless networks on their device and follow the on-screen instructions to connect. Liam Hanrahan of Galway City Council was delighted with the technology being made available to users Easter weekend: “Galway City Council is happy to have been able to facilitate the public wifi at the Food Festival & the work with Magnet to date. This will be of huge benefit to the festival scene in Galway & will also be supporting the Galway2020 bid.”

Speaking of the announcement Phil Clapperton, who heads up Magnet’s Galway operation, said: “The Galway Food Festival is a great annual showcase of Galway’s vibrant and creative food community and culture. Magnet is delighted to be providing free Wi-Fi for the festival. We expect visitors to be using it to ‘check-in’ online, share photos on social media and navigate the online festival programme.”

Magnet recently rolled out a new Wi-Fi solution that gives additional services including managed hardware, security gateway and guest login email capture.

In January this year the company opened new offices in Galway, as it set up its West of Ireland hub to provide local account management to companies in the region availing of Magnet’s full suite of telecoms solutions.

Magnet Networks acquires Imagine’s retail business division

Dublin, Ireland • March 5, 2016

Telecommunications and cloud services provider, Magnet Networks, has acquired the Irish retail business division of Imagine Communications Group in an all-cash transaction. The deal will see Magnet Networks become the third largest provider of business telecoms in Ireland.*

The new enlarged Magnet Business division will have 11,000 Small and Medium Enterprise (SME) and corporate customers following the transaction. Magnet will employ 95 people, including the 17 new staff from the acquired business, with plans to hire additional people in the coming months.

Imagine’s sale of its retail business division forms part of its strategic focus on the national rollout of its new advanced 4G Long-Term Evolution (LTE) network*, which will bring much needed competitive high-speed broadband services to businesses and consumers in regional and rural Ireland.

Established in 2004, Magnet Networks, with the support of its parent, Columbia Ventures Corporation (CVC), has invested in excess of €120 million in developing an advanced telecoms network which has enabled the company to acquire a strong reputation in the business telecoms market, counting Amazon, ESB, Adobe, Lidl, Fáilte Ireland and Centra as clients.

The company offers a range of broadband, voice and cloud telephony solutions along with wi-fi, cyber security and managed services. It is headquartered in Dublin with offices in the Galway, London and Pune in India.

magnet-acquires-imagine-business-customer-base

Mark Kellett, CEO at Magnet, Ken Peterson, CEO at Columbia Ventures Corporation,
and Jonathan Dalton, Head of Corporate Finance at Key Capital

Commenting on today’s announcement, Mark Kellett, CEO of Magnet Networks, said:
“The acquisition of Imagine’s retail business division is a step-change acquisition for Magnet, placing us as the third largest telecoms provider to the business community in Ireland. Our strategy is to provide a credible choice to businesses of all sizes across Ireland based on the quality of our network and range of services, which we believe are the best in the country. We are delighted to welcome our new customers and staff to Magnet.”

Magnet Networks focuses on a mix of organic and acquired growth and has previously made a number of acquisitions, which it has successfully merged into its operations. In 2005, the company bought wireless broadband provider Leap and later added Internet Services Provider (ISP) Netsource to complement its business division. Three years later it bought Irish VoIP provider, Glantel, and in 2012 it acquired a 90% share of Velocity 1 as it expanded into the UK market.

Magnet will use the Imagine network to provide existing and new business customers with wireless broadband services. As its launch retail customer, Magnet will also leverage Imagine’s new fibre-powered LTE network to enhance the reach and range of cloud telecoms services available to regional SMEs, as part of its efforts to bridge the digital divide.

Speaking of the deal Sean Bolger, CEO for Imagine Communications Group said: “With the industry shift to next generation infrastructure driven by the need and demand for high-speed broadband and IP services, the strategic opportunity and focus of Imagine and its investors is to extend the reach and deliver fibre-based next-gen services to regional and rural communities across Ireland. Key to delivering this strategy, and the full benefit to businesses and consumers, is our open wholesale partnership approach facilitating existing and new innovative service providers.

Magnet’s focus on delivering excellent service, combined with its innovative business solutions and its commitment to bringing these solutions to businesses in regional and rural areas, made it the ideal home for our existing business customers. We wish them, our loyal customers and great business team every success.”

Media Contact: Bernice Burnside, Bvisible, 087 2337366

*Notes to the Editor

– Ranking based on landline telephone provider numbers from the 2015 ICT Business Survey (SME Market). Landline share is the nearest proxy for overall B2B share.

– Advanced 4G LTE is the most advanced global standard for wireless infrastructure used to deliver Fixed and/or Mobile services. Advanced LTE is currently being deployed internationally to replace legacy copper infrastructure and deliver Next Generation Access (NGA) High Speed Broadband services and is a specified and approved technology to deliver NGA services under the European commission’s Digital Agenda for Europe (DAE) and the Irish Governments National Broadband Plan (NBP).

About Magnet

Established in 2004, Magnet provides a range of broadband, voice, VoIP, Wi-Fi, hosting and other cloud solutions to both businesses and consumers.

Headquartered in Clonshaugh in Dublin, it has offices in Galway, London and Pune.

Through its parent company, CVC, it has invested €120 million in developing an advanced telecoms network to and in Ireland, with transatlantic submarine fibre cables and FTTH rollout.

Magnet’s London subsidiary, Velocity1, provides broadband to Wembley and Greater West London enabling a smart city initiative.

For more, visit magnet.ie.

About Imagine Communications

Since 1993 Imagine Communications Group and its associated businesses has been an active participant in the Irish and European fixed, wireless and mobile telecoms markets.

Headquartered in Sandyford in Dublin, Imagine provides fixed and wireless communication services to both business and residential customers. Through its international network the Group provides wholesale services to telecom operators and services providers.

For more, visit imagine.ie.