AngioDynamics Inc. a provider of innovative, minimally invasive medical devices for vascular access, peripheral vascular disease, and oncology, has acquired Eximo Medical Ltd., an early commercial stage, medical device company, and its proprietary 355nm wavelength laser-technology platform for $46 million in up-front consideration with up to $20 million of contingent consideration related to certain technical and revenue milestones.
The transaction is being funded exclusively through the use of cash on hand, officials.
“The acquisition of Eximo brings a remarkable, foundational technology to our portfolio that will change the way caregivers deliver treatment to patients with PAD,” said Jim Clemmer, president and chief executive officer of AngioDynamics, Inc. “The market is ripe for disruption, and the level of precision, safety, and efficiency offered to physicians by this laser technology creates a substantially differentiated alternative to legacy atherectomy devices.”
Physicians provide atherectomy treatment to over 200,000 Americans annually, and Eximo’s laser technology represents a technological breakthrough among medical devices used in atherectomy procedures to treat PAD.
Grey Ghost Bicycles Now Operating Out Of Space At 76 Lawrence Street In Glens Falls
By Rachel Phillips
Grey Ghost Bicycles is operating out of a new location at 76 Lawrence St. in Glens Falls.
The shop sells road and mountain bikes, and bicycles for children, as well as e-bikes. It also has a bicycle fitting studio, where customers are assisted in finding their most comfortable and efficient position on a bike, while also helping them find the correct size. The shop employs anywhere from two to five employees, depending on the season.
Paint-And-Sip Venue ‘Cre8ivology’ Opens In The Shirt Factory In Downtown Glens Falls
Courtesy Cre8ivology
By Susan E. Campbell
A new business at The Shirt Factory in downtown Glens Falls gives people of all ages a place to “let their creativity run wild,” said Rachael Rihanna, who opened Cre8ivology on Oct. 1.
Cre8ivology is a place to gather for a paint -and-sip party, take a basic art course and more. The studio is also the space where Rihanna creates and shows her own works of fine art.
An artist whose primary medium is watercolor, Rihanna has shown her work in galleries around Glens Falls for years. More recently she has turned to acrylics and mural projects for businesses and residents.
Sidekick Creative Moves Its Shop Into Space On The Second Floor Of The Shirt Factory
By Jennifer Farnsworth
With a growing business, the addition of an employee and overall need to increase the space in which their creativity can flourish, the Glens Falls business Sidekick Creative decided it was time to leave its Main Street location. The business has new quarters on the second floor of the Shirt Factory, at 21 Cooper Street, Suite 22, in Glens Falls. The refurbished commercial building is a few blocks from downtown.
Sidekick Creative partner and business director Cara Greenslade said the new space fits their needs better. They have been able to easily settle into their new home. She said the overall vibe of the location inspires creativity.
“We had been subletting a small space in downtown Glens Falls for our first couple of years from Behan Communications. While their offices are beautiful and we loved being downtown, we outgrew the space when we hired our first employee this past April,” said Greenslade. “We’ve always talked about having a large open space that we could make our own and moving to The Shirt Factory offered us just that and more.”
Local Insurance Company, Upstate Agency LLC, Moves Into South Glens Falls Offices
Courtesy Upstate Agency LLC
Upstate Agency LLC has opened its new headquarters at 103 Main St. in South Glens Falls.
The remodeled 9,000-square foot building unifies team members from separate locations in South Glens Falls and Glens Falls. It will serve as Upstate’s corporate offices for all lines of business, including personal insurance, commercial insurance and employee benefits.
Staff members from 89 Saratoga Ave. in South Glens Falls and 20 South St. in Glens Falls have relocated first to the new headquarters. The Upstate office inside the Glens Falls National Bank branch at Four Broad Street in Glens Falls located there later in October, according to officials.
Empire State College Raising Funds To Assist Students In The Armed Forces
SUNY Empire State College has launched a $1 million fundraising campaign to enhance financial aid and degree completion support for the college’s students serving on active duty with the U.S. Armed Forces, veterans, and their families. This is the largest campaign to support military-aligned students in the college’s history, officials said.
SUNY Empire serves the largest population of veterans in the SUNY system, with more than 1,300 military-aligned and veteran students and their family members currently enrolled.
“I want to personally thank the members of our college community for spearheading this important effort,” said SUNY Empire State College President Jim Malatras. “I am proud that we are launching this campaign to break down any and all barriers our military community faces toward degree completion.”
Berkshire Bank, Adirondack Trust, Saratoga National Earn SBA Awards For Lending
Small Business Association Syracuse District Director Bernard J. Paprocki released in October the fiscal year 2019 lending report, with 501 7(a) and 504 loan approvals valued at $172.9 million across the 34-county Syracuse district.
Paprocki said Berkshire Bank, The Adirondack Trust Co. and Saratoga National Bank & Trust Co. had the highest number of 7(a) approvals in their respective categories based on asset size.
“Small businesses in Upstate New York are accessing the affordable capital they need to start and expand with SBA-backed loans,” said Paprocki.
According to the SBA, Berkshire Bank was the top Capital Region large commercial lender, with 24 loans at a value of $11.1 million.
Leadership ADK Launches Scholarship Plan To Increase Skilled Trade Workers
The ARCC Leadership Adirondack Class of 2019-20 has partnered with WSWHE BOCES and the Employment Training for Adults (ETA) program to provide a scholarship program to help increase the number of skilled trade workers in the region.
Officials said approximately 90 percent of those interested in learning a skilled trade through the BOCES ETA program need financial assistance and many do not qualify for state or federal aid.
The ARCC Leadership Adirondack Scholarship is intended to help people 18 years or older to start or extend their careers within the BOCES Skilled Trades curriculum. The scholarship will provide financial assistance to eligible students in the ARCC’s service area who wish to enroll in the manufacturing, construction or CDL programs.
SPAC Will Have New Two-Tier Concession Building In 2020 As Part Of Renovations
Courtesy NYS Office of Parks and Recreation
Construction is underway on a $9.5 million renovation project at Saratoga Performing Arts Center in Saratoga Spa State Park.
Officials said the work will improve visitor services and add a four-season event space.
The project is supported by $8 million in private funding from Live Nation and Saratoga Performing Arts Center. New York state is providing up to $1.5 million in grants from Empire State Development and State Parks, awarded through the governor’s Regional Economic Development Council initiative.
As part of this project, SPAC will undergo a complete replacement and upgrade of the existing concessions and restroom facilities. Two new concessions buildings will replace the existing tent structures, which have lacked proper security, infrastructure and storage space, officials said.
Popular Promos Return, New Ones Added For The Upcoming Adirondack Thunder Season
Courtesy Adirondack Thunder
The Adirondack Thunder, ECHL affiliate of the New Jersey Devils, has many promotional events scheduled for the 2019-20 season in progress, with homes games at Cool Insuring Arena in Glens Falls..
The Thunder has fan-favorite theme nights and will host many other new theme nights. Fans will see popular themes return such as Military Appreciation Night, Marvel Comics Day, Nickelodeon Night, Stick it to Cancer Weekend, Law Enforcement Night, Fan Appreciation Night and more.