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3 Lehigh Valley companies make major headlines

By LVEDC Staff on June 10, 2014

AnnouncementWith major news headlines being generated by a flock of regional firms on a regular basis Lehigh Valley continues to earn its top-75 metro region title – and keeps adding to its GDP of $33 billion and its roster of more than 15,300 companies.

This week was more of the same – great news generated by and about great companies.

B. Braun

In a joint venture with the German company CeGaT, Bethlehem-based B. Braun is working to get its next generation genetic sequencing technology accepted as the standard of diagnostic care for a variety of cancers, neuromuscular diseases and epilepsy.

A news releases noted: Globally, Diagnostic Panels, a CeGaT innovation, were first made available in 2010. The worldwide demand for molecular diagnostics is growing explosively, therefore to supply the U.S. market with the highest quality Diagnostic Panels and molecular diagnostic services, B Braun US and CeGaT have combined forces and established a US company based in B Braun Medical’s Bethlehem headquarters, Pennsylvania. The name of the new company is B Braun CeGaT, LLC.

“It’s good news for Bethlehem, but even better news for the region is it’s sign of growth in the life sciences and biotech businesses,” said Don Cunningham, president and CEO of the Lehigh Valley Economic Development Corp.

Click here for more on this story.

http://articles.mcall.com/2014-06-09/business/mc-bbraun-genetic-testing-20140608_1_sequencing-sanger-method-new-headquarters

LifeAire Systems LLC

A new in vitro fertilization laboratory has opened in New York and is highlighting the air purification technology developed by LifeAire Systems LLC, a fast-growing firm in Upper Macungie Township.

LifeAire Systems, the 2012 winner of the popular Ben Franklin Venture Idol event, was founded by Kathryn C. Worrilow, Ph.D. Its purpose: to develop a means to provide clean, contaminant-free air essential for uncompromised and successful In Vitro Fertilization.

Through the development process, it became clear that this revolutionary air purification technology could also be used for an array of other critical applications, from biological and pharmaceutical products to hospitals, air security and more.

Click here for more on this story.

http://www.lvb.com/article/20140609/LVB01/140609879/Valley-company-debuts-in-vitro-technology-at-New-York-lab

PPL Corp.

PPL Corp. of Allentown reached a deal with Riverstone Holdings LLC, a privately held global energy company, to spin off its competitive energy generation businesses and combine it with Riverstone’s portfolio to create a new, stand-alone publicly listed independent power producer to be called Talen Energy Corp.

“Given the challenges, uncertainties and opportunities in the wholesale power markets, maintaining the status quo was not a viable option. This transaction provides greater clarity for shareowners, our PPL Energy Supply employees, customers and the communities we serve,” said William H. Spence, PPL chairman, president and CEO.

Click here for more on this story.

http://www.lvb.com/article/20140610/LVB01/140619992/PPL-to-spin-off-most-of-its-generation-business

Just Born gets special visit, honor

On the heels of receiving yet another national accolade, acclaimed Bethlehem confectioner Just Born entertained members of LVEDC and its rejuvenated business retention and[...]

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Lehigh ValleyQuick Facts

By the Numbers
$43.3 Billion

2020 Gross Domestic Product

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City Center Lehigh Valley
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10.6% of Labor Force
Employed in Manufacturing

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Lehigh Valley Health Network
By the Numbers
$3.8 Billion

Exports in 2019

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Air Products
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Lehigh Valley Electricians
By the Numbers
$66,865

Median Household Income

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PPL Electric Utilities
By the Numbers
676,700

Population

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Olympus
By the Numbers
347,612

Labor Force

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26.6% of Labor Force
Employed in "Eds & Meds" sectors

By the Numbers
5,073

Technology Patents

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Mack Trucks
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UGI
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Magestic Realty Co
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NFI
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14% of the total community college degrees awarded in PA

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Wells Fargo
By the Numbers
$7.1 Billion

Manufacturing Contribution to GDP

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Truist
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69th largest metropolitan area in the U.S. by population

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Key Bank
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10,754 degrees awarded by Lehigh Valley colleges (2017-18 academic year)

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St. Lukes University Health Network
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82,270 employed in "Eds & Meds" sectors

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Workforce Board
By the Numbers
149,000

Population between ages 18 and 34

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FirstEnergy