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Archive for October, 2010

MCRC Announces $50 Million Investment in Fiberspar Corporation from White Deer Energy L.P.

masscap-fiberspar-logo

MCRC is pleased to announce that White Deer Energy L.P. has made a $50 million investment in Fiberspar Corporation, a long-time portfolio company.  Fiberspar, headquartered in New Bedford, designs and manufactures advanced spoolable composite pipeline products, marketed as LinePipe™.  LinePipe™ is used by crude oil and natural gas producers in gathering systems, pipeline remediation, and disposal and injection applications.  Its products are manufactured in Houston, Texas and deployed from 12 distribution facilities.  Fiberspar is the market leader with more than 25 million feet of LinePipe™ installed in the last five years.

White Deer is an energy private equity fund focused on the exploration and production, oilfield service and equipment, and midstream sectors of the oil and gas industries.  With $821 million of capital commitments, the fund is a long-term investor, targeting equity investments of $50 to $120 million.  With offices in Houston and New York, White Deer has a combination of industry expertise and capital that makes it an attractive partner for rapidly growing North American energy companies.  Fiberspar will use the proceeds of White Deer’s investment to reduce debt and expand manufacturing capacity.

“We are pleased to have White Deer as a partner and are eager to capitalize on many growth opportunities this investment and relationship will enable,” said Peter Quigley, Fiberspar’s President and CEO.  “By combining White Deer’s experience and relationships in the energy sector with Fiberspar’s industry-leading patented products, quality-certified manufacturing and expansion potential, Fiberspar’s positioned for rapid growth in the markets we currently serve and for the extension of our products in new markets.”

MCRC first invested in Fiberspar in 1992 and made an additional investment in 2007.

For more information on Fiberspar Corporation, please visit www.fiberspar.com.

MCRC Announces $50 Million Investment in Fiberspar Corporation from White Deer Energy L.P.
MCRC is pleased to announce that White Deer Energy L.P. has made a $50 million investment in Fiberspar Corporation, a long-time portfolio company. Fiberspar, headquartered in New Bedford, designs and manufactures advanced spoolable composite pipeline products, marketed as LinePipe™. LinePipe™ is used by crude oil and natural gas producers in gathering systems, pipeline remediation, and disposal and injection applications. »

UltrePET RECEIVES LETTER OF NON-OBJECTION FROM HEALTH CANADA

FOR IMMEDIATE RELEASE

Bedford, Massachusetts, September 14, 2010 – UltrePET, LLC today announced that it has received a letter of non-objection from the Health Products and Food Branch of Health Canada approving the use of up to 100% of its polyethylene terephthalate (PET) recycled resins in the manufacturing of containers intended for packaging food and beverages, including water. This approval comes after an extensive review process. UltrePET has held similar FDA approvals for its post-consumer PET products for the past five years.

“The letter of non-objection from Health Canada is a significant step in our growth plans. We currently have an important presence in Canada through our plastics recycling subsidiary, Novapet, Inc., located in Nova Scotia. This Canadian approval will position us to expand our food container end markets and allow us to provide a complete sustainability solution to our strategic customers in the food and beverage industry,” said Scott Mellen, President of UltrePET.

Paul Zordan, Vice President and General Manager of UltrePET added, “UltrePET serves a variety of end markets with high value resins. This approval is exciting for the Company because it propels our sales growth internationally, opening food and beverage container markets for UltrePET in Canada.”

UltrePET, LLC is a major independent North American PET reclaimer, with operations in Albany, NY and Amherst, Nova Scotia. The Company specializes in high-end recycled resins serving the FDA bottle market, sheet applications, engineering resin markets and strapping. UltrePET is a partnership of wTe Corporation (Bedford, MA) and TOMRA of North America (Shelton, CT).

NEWS RELEASE
Contact: Scott Mellen
(781) 275-6400 x107

UltrePET RECEIVES LETTER OF NON-OBJECTION FROM HEALTH CANADA
Bedford, Massachusetts, September 14, 2010 – UltrePET, LLC today announced that it has received a letter of non-objection from the Health Products and Food Branch of Health Canada approving the use of up to 100% of its polyethylene terephthalate (PET) recycled resins in the manufacturing of containers intended for packaging food and beverages, including water. »

NWN Corporation Recognized on the Everything Channel Fast Growth 100 List Strategic Organic and Acquisition Growth Attributed to 87th Ranking

Waltham, MA, September 28, 2010 – NWN Corporation, a leading systems integration company, today
announced that it has been recognized by Everything Channel on the CRN Fast Growth 100 list. The list
recognizes solution providers with growth rates in excess of 26 percent, average two-year revenue
growth of 110 percent, and average annual sales of products and services of $120.8 million. The ranking
is based on two years’ growth of net sales from calendar year 2007 to calendar year 2009.

With 2009 net sales of $209,000,000, NWN had a 31.85% increase in gross revenue and ranked 87th on
the list. Contributing to this achievement was the acquisition of Sacramento, CA-based Western Blue.

CEO Mont Phelps stated, “It’s been a great honor to, again, be in Everything Channel’s Fast Growth 100
List. Contributing to our success is our product and service offerings; our highly-certified engineers; and
the work ethics of our teams.”

“The Fast Growth 100 are channel innovators and mavericks who are growing in considerable size and
influence. As business-oriented IT consultants, these organizations work closely with customers to
identify multivendor IT solutions to solve their business problems. We congratulate NWN Corporation on
their well-earned success despite current economic conditions,” said Kelley Damore, Vice President,
Editorial Director for Everything Channel.

The Fast Growth awards will be presented Oct. 21 at the 2010 Fast Growth conference at the Hyatt
Regency in Boston. To learn more about the Fast Growth 100, visit the Fast Growth Community at
crn.community.com. The Fast Growth community is a forum for leading channel executives to exchange
ideas, share best practices and engage in discussions about effective channel management programs.
The forum features exclusive content such as blogs from the Fast Growth winners themselves.

About NWN Corporation

NWN Corporation, a certified woman-owned business, provides clients with a complete range of end-toend
IT services and solutions. The company brings clients the premier products in the industry,
tailored to their specific needs and situations. These include technologies from Cisco, Microsoft, HP,
EMC and many others. Clients include private and public sector organizations in every line of
work including major banks, universities, manufacturers, hospitals, and state and local government
agencies. NWN solutions include Application Development; Data Center and Virtualization; End User
Computing; IT Staffing; nCare® Managed Services; Network Infrastructure; Security; Smart
GovernmentTM; and Unified Communications and Collaboration.

With eleven branches throughout the eastern US, Western US and in Texas, NWN provides IT services
and solutions to clients operating locally, nationally and internationally. In addition to corporate
headquarters and a branch in Waltham, MA, NWN serves clients with branches in Farmington, CT; Mt.
Laurel, NJ; Raleigh, NC; Greensboro, NC; Charlotte, NC; Greenville, SC; Houston, TX; Fresno, CA;
Sacramento, CA and Salt Lake City, UT.

Everything Channel
Everything Channel is the premier provider of IT channel-focused events, media, research, consulting,
and sales and marketing services. With over 30 years of experience and engagement, Everything
Channel has the unmatched channel expertise to execute integrated solutions for technology executives
managing partner recruitment, enablement and go-to-market strategy in order to accelerate technology
sales. Everything Channel is a UBM company. To learn more about Everything Channel, visit us at
http://www.everythingchannel.com.

About United Business Media Limited (www.unitedbusinessmedia.com)
UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and
monitoring; and, the development and monetization of B2B communities and markets. UBM’s
businesses inform markets and serve professional commercial communities – from doctors to game
developers, from journalists to jewelry traders, from farmers to pharmacists – with integrated events,
online, print and business information products. Our 6,500 staff in more than 30 countries are organized
into specialist teams that serve these communities, bringing buyers and sellers together, helping them to
do business and their markets to work effectively and efficiently.

Contacts

Jill Aaronson

Everything Channel

(516) 562-7847

Jillian.aaronson@ec.ubm.com

Chari Darneal

NWN Corporation

916.669.2338

cdarneal@NWNIT.com

NWN Corporation Recognized on the Everything Channel Fast Growth 100 List Strategic Organic and Acquisition Growth Attributed to 87th Ranking
Waltham, MA, September 28, 2010 – NWN Corporation, a leading systems integration company, today announced that it has been recognized by Everything Channel on the CRN Fast Growth 100 list. The list recognizes solution providers with growth rates in excess of 26 percent, average two-year revenue growth of 110 percent, and average annual sales of products and services of $120.8 million. »

Leading Hospitals from Coast to Coast Fuel Significant Growth at Curaspan Health Group

23 Hospitals in Nine States Become New Customers in 2010, More than 70 Begin Using eDischarge™ This Year

NEWTON, Mass. –  September 22, 2010 – Almost 350 hospitals in 35 states and the District of Columbia now rely on HIPAA-compliant, Web-based software from Curaspan Health Group to more efficiently move patients from acute to post-acute care. Curaspan is the industry leader in building secure electronic patient-transition networks for hospitals, post-acute providers and suppliers to optimize patient care.

Year to date, The Ohio State University Medical Center in Columbus, Ohio; Lucile Packard Children’s Hospital at Stanford in Palo Alto, Calif.; Bon Secours Hampton Roads Health System in Suffolk, Va.; Newark Beth Israel Medical Center in Newark, N.J.; and Holmes Regional Medical Center in Melbourne, Fla., are among the more than one dozen leading facilities that have selected eDischarge. eDischarge is the Curaspan software-as-a-service (SaaS) application repeatedly recognized for excellence by the Health Care Advisory Board and named “Best in KLAS” for 2009 by the KLAS health-care IT research firm.

“It didn’t take long for us to start realizing tremendous benefits. We saved time, became more efficient and found it much easier to identify providers for hard-to-place patients,” said Sandra D’Cruz, vice president of operations of Holmes Regional Medical Center, a Health First facility.

Health First is an integrated health-care delivery network with four hospitals in Brevard County Florida that selected eDischarge to integrate seamlessly with the ACS MIDAS+ Care Management system. Holmes Regional, Cape Canaveral Hospital and Palm Bay Hospital also deployed it, and Viera Hospital will do so next year. “The Curaspan implementation and training teams got us up and running quickly and easily,” added D’Cruz.

Holmes Regional is one of 74 hospitals in 19 states that started using the Curaspan eDischarge application in the first three quarters of 2010 to manage patient transitions. It integrates with all health-care information systems from vendors like Cerner, Eclipsys, Epic, McKesson, MEDITECH, Morrisey Associates, PointClickCare and Siemens.

With its proprietary methodology for six- to eight-week implementations, Curaspan helps community hospitals, academic medical centers and integrated delivery networks move their post-acute provider networks online to a secure communications network that facilitates the sharing of documents for more timely and more targeted patient placements. The Curaspan eDischarge application this year will generate approximately 2 million provider matches for patients.

“Our customers’ commitment to using smart technology gives them a clear advantage,” said Thomas R. Ferry, president and CEO of Curaspan. “With the capability to exchange information electronically, they’re able to capture data automatically, easily review key metrics and proactively take steps to improve their operations and ultimately their business outcomes.”

In addition to generating reports on readmissions rates, average LOS, provider performance and network leakage, eDischarge assists hospitals with their conversion to electronic health records and demonstration of meaningful use. Once users upload documents, they are able to electronically exchange key clinical information among providers across the continuum of care.

An 11-year old company that has helped set the standard for the secure transmission of clinical data about patients moving from one level of care to another, Curaspan works with many of the nation’s top hospitals and post-acute care providers. Among them are Johns Hopkins Health System, New York Presbyterian Hospital, Saint Thomas Health Services (part of Ascension Health), Riverside Health System, Vanguard Health Systems, Amedisys Home Health Services, American Medical Response, Gentiva Health Services, Golden LivingCenters, Kindred Healthcare, Life Care Centers of America and SunBridge Healthcare.

About Curaspan Health Group
Curaspan Health Group builds secure electronic patient-transition networks for hospitals, post-acute providers and suppliers to optimize patient care. Curaspan software-as-a-service (SaaS) applications empower users with real-time, predictive decision-making data that enables all participants to continuously monitor care, improve communication and ensure compliance. This informatics exchange is integrated with the proprietary Curaspan Provider Data Bank™, the industry’s most comprehensive and up-to-date system of actionable patient-transition intelligence, and is complemented by the clinical process expertise of credentialed advisors. The Health Care Advisory Board and KLAS repeatedly have recognized Curaspan for its industry-leading software. Curaspan is headquartered in Newton, Mass. For more information please visit Curaspan.com.

Media Contact:
Sarah Mees
KMC Partners Public Relations
978-208-1499
Sarah@KMCPartners.com
Curaspan.com/News-Media

Leading Hospitals from Coast to Coast Fuel Significant Growth at Curaspan Health Group
NEWTON, Mass. — September 22, 2010 — Almost 350 hospitals in 35 states and the District of Columbia now rely on HIPAA-compliant, Web-based software from Curaspan Health Group to more efficiently move patients from acute to post-acute care. Curaspan is the industry leader in building secure electronic patient-transition networks for hospitals, post-acute providers and suppliers to optimize patient care. »

Announcing TRIO, the newest edition to CRi’s award-winning Nuance multispectral imaging (MSI) product family

Compact and intuitive system makes multispectral imaging easy

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Woburn, Massachusetts – October 6, 2010 – TRIO is the most affordable of CRi’s MSI systems. Its compact design and intuitive software make it an easy add-on to any microscope with a camera port. Setup and operation are literally accomplished in minutes. No advanced knowledge of multispectral imaging is required. TRIO enables simple image capture and high-contrast separation of any three chromogens or any three fluorophores in its spectral ranges. Additionally, autofluorescence is removed, increasing signal-to-noise by up to 100x and vastly improving quantitation. It can take both high-resolution color as well as multispectral images, and automatically exports images in standard image file formats.

Announcing TRIO, the newest edition to CRi’s award-winning Nuance multispectral imaging (MSI) product family
Woburn, Massachusetts - October 6, 2010 - TRIO is the most affordable of CRi’s MSI systems. Its compact design and intuitive software make it an easy add-on to any microscope with a camera port. Setup and operation are literally accomplished in minutes. No advanced knowledge of multispectral imaging is required. »

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