Business Archives - Page 42 of 47

Gaithersburg: Edgybees Named to Fast Company’s Annual List of the World’s 50 Most Innovative Companies for 2022

Published March 9, 2022 at 9:14AM

EdgyBees Logo

The leading geospatial intelligence software company joins the ranks of Canva, Microsoft, SpaceX, and more.

Edgybees, the global leader in geo-registration software that’s headquartered on Washingtonian Blvd in Gaithersburg, has been named to Fast Company‘s prestigious annual list of the World’s Most Innovative Companies for 2022. This year’s list honors businesses that are making the biggest impact on their industries and culture as a whole—ultimately thriving in today’s ever-changing world. These companies are creating the future today with some of the most inspiring accomplishments of the 21^st century. In addition to the World’s 50 Most Innovative Companies, 528 organizations are recognized across 52 categories.

Bethesda: Perseus TDC Acquires Bethesda Office Building, Announces Plans For Multifamily Development

By MCS Staff

Published March 9, 2022 at 9:05AM | Updated March 9, 2022 at 9:48AM

Perseus TDC announces it has acquired a five-story, 65,000-square-foot office building at 4405 East-West Highway in Bethesda, Maryland with plans to redevelop the site as a 10-story multifamily community with more than 300 units. Entitlement and design is underway, and construction is expected to begin in 2024.

“Perseus TDC is focused on developing highly-amenitized multifamily communities in premier D.C. metro locations, creating value for our investors and improving the community for all residents,” said Adam Peters, Regional Partner at Perseus TDC. “Our commitment to building the best product for all price points drives our design approach and strategy.”

Gaithersburg: AstraZeneca Dedicates Flagship Building to Dr. José Baselga

By MCS Staff

Published March 8, 2022 at 9:43AM | Updated March 8, 2022 at 10:07AM

Dr. José Baselga, a renowned cancer researcher and pharmaceutical executive whose work helped transform the treatment of breast cancer patients, died last March at the age of 61. On Monday, AstraZeneca dedicated its flagship building in Gaithersburg to the late doctor.

Per AstraZeneca:

Olney: Sandy Spring Bank Makes Top 5 of ‘America’s Best Banks’ List by Forbes

By MCS Staff

Published March 3, 2022 at 7:10PM

Sandy Spring Bank is a community bank headquartered in Olney, serving the Washington metropolitan area. It operates 55 branches and 6 financial centers. The local bank came in at #5 on the 13th annual ‘America’s Best Banks’ list by esteemed business magazine, Forbes.

Forbes’ 13th annual America’s Best Banks list looks at growth, credit quality and profitability to rank the 100 largest publicly-traded banks and thrifts. Sandy Spring Bank came in 5th nationally and was the highest ranking D.C. area bank.

Newly Opened Marriott Bethesda Downtown is Marriott’s 8,000th Property

By MCS Staff

Published March 2, 2022 at 10:33AM

The Highly Anticipated 245-Room Hotel Features Inspired Spaces, Enriching Experiences, Three Food-and-Drink Concepts, Creative Meeting Spaces and Locally Influenced Design in the Heart of Bethesda, Maryland

Per Marriott:

Silver Spring: Man Who Received Pig Heart Xenotransplanation Continues to Show Strong Cardiovascular Function 7 Weeks Later; United Therapeutics 2021 Financial Results Released

By MCS Staff

Published February 28, 2022 at 11:52AM

(Photo: University of Maryland Medical Centre)

Silver Spring’s United Therapeutics Corporation provided an update on Mr. David Bennett, the first UHeart™ recipient, stating that “The recent transplants of our xenoheart and xenokidney products demonstrate the tremendous potential of our business model for the second half of the 2020s and beyond. Indeed, Mr. David Bennett, Sr., the first UHeart™ recipient, continues to have strong cardiovascular function seven weeks after his transplant.”

The surgery took place at the University of Maryland Medical Centre (UMMC). It was a first of its kind transplant of a genetically modified pig heart that was successfully carried out in David Bennett, a 57-year-old man with terminal heart disease.

Germantown: BurgerFi Selects Hughes to Support its Expanding Enterprise with Managed Network Services

By MCS Staff

Published February 25, 2022 at 1:00PM

Germantown’s Hughes to deliver full suite of cloud-based network management solutions to help BurgerFi evolve fast-casual dining with technology and innovation

BurgerFi International, owner of one of the nation’s fastest-growing premium fast-casual and casual dining concepts through the BurgerFi brand, and the high quality, casual dining brand Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), selected Germantown’s Hughes Network Systems, LLC (HUGHES), an innovator in multi-transport technologies and networks, to upgrade, optimize and manage network infrastructure and digital signage. The move will support BurgerFi’s commitment to provide the best restaurant guest experience while continuing its aggressive expansion up the Eastern Seaboard.

Germantown: Amentum Announces John Heller as CEO

By MCS Staff

Published February 25, 2022 at 10:49AM

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. Headquartered in Germantown, Md., the company employs more than 37,000 people in all 50 states and performs work in 105 foreign countries and territories.

Amentum announced today the appointment of John Heller as chief executive officer, effective March 28. The company’s current CEO John Vollmer, who led the organization since its launch in January 2020, will continue with the company as chairman of Amentum’s Board of Directors. Heller previously served as CEO of PAE Incorporated for seven years until March 2021.

Bethesda: Donohoe Hospitality Services Appoints Two Vice Presidents

By MCS Staff

Published February 25, 2022 at 10:36AM

Neeta Mayur Promoted to Vice President, Revenue Management and Seon Heo Promoted to Vice President of Sales and Marketing

Thomas Penny, III, President of Donohoe Hospitality Services (DHS), a division of Bethesda-based Donohoe, announced the appointments of two vice presidents. Neeta Mayur has been promoted to vice president, revenue management, and Seon Heo has been promoted to vice president of sales and marketing.

Gaithersburg: Novavax Announces Shipments of its COVID-19 Vaccine to European Union Member States

By MCS Staff

Published February 25, 2022 at 10:27AM

A vial of Nuvaxovid™ COVID-19 Vaccine (recombinant, adjuvanted), the first protein-based COVID-19 vaccine available in the European Union

Immunizations with Nuvaxovid™ to begin in coming days

Gaithersburg-Based Novavax has started shipping its Nuvaxovid Covid-19 vaccine to European countries, according to a press release from earlier this week.

Watkins Mill Graduate Sid Viswanathan Appointed as Truepill CEO

By MCS Staff

Published February 25, 2022 at 9:22AM

Viswanathan co-founded the company in 2016 and previously served as President

Appointment ushers in new growth phase for Truepill following $142M Series D, $1.6B valuation, and launch of innovative suite of COVID-19 solutions