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PAR focuses on core business with sale of two subsidiaries
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) is making moves to focus its business on the restaurant industry, announcing it will sell both subsidiaries that comprise its government operating segment for a combined $102 million. PAR sold PAR Government Systems Corp. (PGSC) to Booz Allen Hamilton, Inc., (NYSE: BAH) in a deal that […]
Moody’s Ratings gives City of Syracuse A1 credit rating
SYRACUSE, N.Y. — Moody’s Ratings has given the City of Syracuse an A1 credit rating, which Syracuse Mayor Ben Walsh says “solidifies Syracuse’s progress toward fiscal sustainability.” Moody’s Ratings — which was formerly called Moody’s Investors Service and is the bond credit-rating business of Moody’s Corporation — gave the City an A1 rating and a
ANDRO receives patent for invention involving AI technologies
ROME — ANDRO Computational Solutions, LLC announced it received a utility patent, titled Multi-Task Learning Neural Network Framework for RF Spectrum Sensing and Classification, from the U.S. Patent Office on May 28. The patented invention applies artificial-intelligence (AI) technologies to multidimensionally capture, process, and classify radio frequency (RF) electronic signals in complex electromagnetic operational environments
Clinton’s Ditch plans $40M expansion of Cicero plant, adding nearly two dozen jobs
CICERO — The Cicero company that markets itself as “The Pepsi Place” will soon become a bigger place. Clinton’s Ditch Co-Operative Company, Inc. plans to add 100,000 square feet to its existing 274,000 plant on Pardee Road in the town of Cicero. It’s part of a $40.7 million expansion of the current facility, the office
DiNapoli releases report on IDA activity across the state
Industrial development agencies (IDA) across the state helped spur 4,320 projects valued at $132 billion in 2022, an increase of 5 percent over 2021, according to a recent report from New York State Comptroller Thomas P. DiNapoli. However, that development can come at a cost to local communities, he warned, as those projects combined received
Northrop Grumman wins nearly $120M U.S. Navy contract, with most work to be done in Syracuse
SYRACUSE — Northrop Grumman Systems Corp. has been awarded a $119.6 million long-term, requirements contract for the repair of 17 weapon replaceable assemblies and shop replaceable assemblies in support of the E-2 aircraft. Much of the work will be done in Central New York. This is a 19-month contract with no option periods, and work
New initiative works to bolster microelectronics and semiconductor industries in New York
Empire State Development (ESD) has announced the launch of the Upstate Defense Initiative. It brings together ESD’s Division of Science, Technology and Innovation (NYSTAR), CenterState CEO, the Griffiss Institute, FuzeHub, and Syracuse University’s Institute for Veterans and Military Families to support workforce development, bolster supply chains, and cultivate innovation and entrepreneurship in the state’s microelectronics
Schumer pitches Buffalo-Rochester-Syracuse to Commerce Secretary ahead of funding awards
The first major funding awards for the federal tech hub program are expected as early as this month. His office says U.S. Senate Majority Leader Chuck Schumer (D–N.Y.) on May 30 personally met with U.S. Commerce Secretary Gina Raimondo to make his final push to deliver funding for upstate New York through the Tech Hubs
ChargeUp Battery Startup Accelerator’s four finalists get down to business
BINGHAMTON — The inaugural ChargeUp Battery Startup Accelerator at the Koffman Southern Tier Incubator in Binghamton has named four finalists that will be busy at work through October. Organizers, who announced the finalists on April 10, are planning a ceremony to conclude the accelerator during what’s called Battery Week, Binghamton University tells CNYBJ in an
Menlo Micro draws closer to fab opening in Tompkins County
LANSING — A California company is getting closer to opening its first U.S.–based fabrication facility near Ithaca, joining the state’s growing semiconductor industry. Menlo Microsystems, Inc. (Menlo Micro), which announced its New York plans in July 2023, is hard at work getting the former Kionix, Inc. facility ready to produce the company’s Ideal Switch electric
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