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St. Louis Business & Technology News
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Boeing Donates Advanced Processing Patent to Vanderbilt University CHICAGO, (BUSINESS WIRE) March 2, 2003 - Boeing [NYSE: BA] has donated a patent to Vanderbilt University that could play an important role in the approaching nanotechnology revolution. The patent covers a particle-separation technology originally developed for use in outer space but readapted for efficient ground-based operation. The technology, an advanced version of Continuous Flow Electrophoresis, has the potential to produce new, more effective pharmaceuticals. It also could contribute significantly to the development of nanotechnology - the creation of materials, devices and systems through the control of matter at the molecular level. Nanotechnology ultimately promises a new generation of electronics, telecommunications, medicine and materials science. "The technology has potential applications in all kinds of nanotechnology," stated David Cliffel of Vanderbilt University, whose team will continue the research begun by Boeing. "Specifically, this is the enabling technology for the advanced purification and production of proteins and other particles. That means that we could produce commercial pharmaceutical products in large quantities at a very reasonable cost." Boeing's particle-separation technology was originally developed to operate in the micro-gravity environment of space to separate cells, proteins and enzymes for pharmaceutical applications. At the time of its development, a specific target of the technology was the isolation of erythropoietin, a protein that causes red blood cell production for treating anemia in kidney dialysis patients. The donated patent covers a subsequent breakthrough that allows higher volume particle separation to be performed on Earth as well. "That development makes practical the production of large quantities of purified protein and other molecules," said David Richman, a Boeing scientist and inventor who led the research. The patent donation is part of Boeing's effort to maximize the value of its intellectual property to society and shareholders. The value of the patent has not been disclosed. "By sharing our high-potential patents with institutions and universities that are interested in continuing the research for non-aerospace applications, Boeing allows its technologies to be developed and pursued to the benefit of society," said Gene Partlow, vice president of Boeing's Intellectual Property Business. "Vanderbilt University is a leader in this field. This is just another example of how we can recognize the value of Boeing ideas by allowing experts in the field to bring them to reality in areas outside of our core business. We are very proud to be associated with this breakthrough in research that could ultimately benefit all of us." Broadwing Inc. To Sell Broadband Assets ST. LOUIS, (BUSINESS WIRE) February 25, 2003 - Broadwing Inc. (NYSE:BRW) today announced that it has reached an agreement to sell the assets of its broadband business, Broadwing Communications Services Inc., including the Broadwing name, to privately held C III Communications, LLC, for $129 million in cash. C III Communications' investors include Cequel III, LLC, an investment and management company based in St. Louis, Missouri, and Corvis Corporation, a telecommunications equipment provider based in Columbia, Maryland. Broadwing Inc. will retain a minority interest in C III Communications. Cequel III will take the lead in supervising the management of the new company, which will continue to do business under the Broadwing name. "The assets of Broadwing Communications will provide C III Communications with a significant opportunity to bring the benefits of a nationwide next-generation telecommunications network to our growing number of enterprise and carrier customers. The unique advantages of the world's first intelligent, all-optical switched network will also enable the company to develop new market opportunities in the telecom, cable and wireless industries," stated Jerald L. Kent, President and Chief Executive Officer of Cequel III. "With a newly capitalized and debt-free structure, we will have the opportunity to greatly expand market presence, while retaining the employees and continuing to provide unparalleled, uninterrupted service to our customers. It is a sound strategic fit with the investments Cequel III has made to date and those we hope to make in the future," stated Kent. On February 12, 2003, Cequel III announced that it had assumed management of and agreed to invest in Classic Communications, a cable provider with 325,000 subscribers. On February 21, Cequel III announced that, subject to regulatory approvals and customary closing conditions, it had entered into an agreement with certain affiliates of Shaw Communications, Inc., to purchase that company's Texas-based cable systems, which serve approximately 27,000 customers. The assets acquired by C III Communications include 18,700 recently completed route miles of the latest generation of fiber optic cables. Broadwing Communications Services Inc. provides managed network solutions and broadband telecommunications services to more than 1,000 corporate customers in 137 of the top 150 markets in the United States; broadband transportation services to major telecommunications carriers; and long-distance telecommunications services to more than 150,000 customers. Broadwing Inc.'s local communications subsidiary, Cincinnati Bell, will remain a customer of Broadwing Communications Services Inc. under its new ownership. Cincinnati Bell will continue to market Broadwing Communications' broadband products to business customers and sell long distance services, under the Cincinnati Bell Any Distance brand, to residential and business customers in the Greater Cincinnati market. Arnold Worldwide - St. Louis Wins Big at Local ADDY Awards ST. LOUIS, (SLFP.com) February 23, 2003 - Arnold Worldwide-St. Louis, a full-service advertising and marketing agency, won 23 Addy Awards at the 2002-2003 Addy Awards gala hosted Thursday night by the Advertising Club of Greater St. Louis. The agency also won 60 Addy Certificates of Merit. Arnold Worldwide-St. Louis is the Midwest office of Arnold Worldwide, a full-service advertising agency network owned by Havas of Paris, France. The agency won Addy Awards and certificates for advertising created for clients Elleard B. Heffern Jewelers, Sears Portrait Studio, St. Louis Film Festival, Jack Daniel's Tennessee Whiskey, Jack Daniel's Original Hard Cola, Southern Comfort, Woodford Reserve and The Judy Ride Foundation in different award categories. Categories included Consumer Magazine Full Page and Regional/National TV for Consumer Products, as well as Cinematographer/Videographer, Still Photography and Individual Achievements, among others. Les Diveley, president of Arnold St. Louis, said, "When our agency's work wins exposure for our clients' products and services, the creative team at Arnold Worldwide-St. Louis is especially gratified." The Advertising Club of Greater St. Louis administers the ADDY Awards as an affiliate of the American Advertising Federation (AAF). Return to St. Louis Front Page 
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