News

Luminati in deal to buy giant former Grumman site

Luminati Aerospace has signed a letter of intent to acquire the Town of Riverhead’s 2,300-acre Enterprise Park at Calverton for about $40 million. The deal includes about 600 acres of developable property, buildings and two runways at the site, a former Grumman test facility for the F-14. Luminati, which is developing solar-powered aircraft and other next-gen avionics, bought a former sky jumping school at the park last year. It plans to expand its own operations and…

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Debrief: Circular thoughts with James Hayward

When last we Debriefed Applied DNA Sciences CEO James Hayward, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication company was forming a promising partnership with a national law-enforcement/security training organization and inching a toe into the Scandinavian auto theft prevention-and-recovery market. This week, as the biotech partners with textile manufacturer Loftex Home to launch the hot new CertainT platform, Hayward reports big gains in those maturing verticals and progress by Applied DNA’s all-star advisory board – two…


Expansion (maybe) for Stony Brook’s AERTC

By GREGORY ZELLER // There’s an overload at the Advanced Energy Research and Technology Center. With demand edging supply and its incubators overflowing, Stony Brook University’s hub of academia, research and commercial energy production is looking to expand. The AERTC’s incubator programs now host eight tenants with next-level energy-efficiency aspirations – and they’d like to welcome more, according to AERTC Chairman Robert Catell, who this week teased the possibility of future constructon. “The good news…


Island posted 2.5% increase in jobs through February

The number of private sector jobs on Long Island increased by 27,100 in the year ending in February, a bump of 2.5 percent, to 1,114,700. By comparison, the state’s over-the-year private sector growth rate was 1.6 percent and the nation’s was 1.8 percent. Long Island’s private sector job count increased by 2,500 between January and February (not seasonally adjusted), when a loss of 1,400 jobs is typical. A record warm February boosted hiring in the…


Apple patents phone-laptop dock

An Apple patent published this week suggests the company is developing a so-called “thin” laptop device that would rely on the CPU of an iPhone or iPad for its computing power. Apple’s application for an “Electronic accessory device” was first filed for in September 2016 and credits Brett W. Degner as its inventor.


Here’s to the winners

By GREGORY ZELLER // Hundreds of Long Island’s top business and science minds gathered Tuesday for the 2017 Innovator of the Year Awards. Including Master of Innovation Robert Catell, the former KeySpan and National Grid USA chairman, some 36 top innovators were honored by Innovate Long Island at Crest Hollow Country Club in Woodbury. “Our honorees include first-time entrepreneurs, inveterate tinkerers and some who have made invention and innovation their careers,” said master of ceremonies…


In Altice, LI robotics tourney lands a major backer

By GREGORY ZELLER // If you’re looking for an innovative backer for your robotics competition, you can do worse than the country’s fourth-largest cable operator. And that’s just what School-Business Partnerships of Long Island gets in Altice USA, which has signed on as a lead sponsor for the 2017 SBPLI Long Island Regional FIRST Robotics competition. Now in its 18th season, the donor-sponsored event pits teams of high school-aged students from across Long Island and…