Virginia Businesses in the News


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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

SteelCloud Inc., a Dulles-based software security company, and V-One Corp., a Germantown, Md. producer of network security products, announced termination of previously announced plans to merge. (PRNewswire, 9/29/04)

Luna Innovations Inc., a Blacksburg technology company, entered a partnership with BlastGard International Inc. of Clearwater, Fla. on a research project for the U.S. Navy to develop packaging that will extend the time it takes for stored munitions to explode in the event of a fire. (Press release, 9/23/04)

Carilion Biomedical Institute of Roanoke and Prime Research of Blacksburg agreed to collaborate on development of ultra-thin, fiber-optic sensors for use in taking measurements throughout the body. (Press release, 9/8/04)

Precision Auto Care Inc., a Leesburg-based provider of diagnostic and maintenance services for autos, signed a franchise agreement with Hung Yue Holdings of Hong Kong for operation of at least 330 Precision Tune Auto Care centers in China during the next seven years. The agreement marks the fist major licensing deal for an American auto service franchise in China. (PRNewswire, 9/2/04)

The AES Corp., a global power company headquartered in Arlington, made an equity investment in US Wind Force; a Frostburg, Md., company developing renewable energy markets in the eastern U.S. The investment marks the first step by AES into the U.S. wind market. (Business Wire, 9/2/04)

Richmond International Airport received a $950,000 grant from the U.S. Department of Transportation to help attract a low-cost airline to Richmond. The money, along with $900,000 in local funds, will support new service by a low-cost carrier. The grant is part of a program targeting cities with unreasonably high airfares. Richmond's fares have been noted among the highest in the country. (Press release, 8/30/04)