Microvision Inc., which makes personal display and imaging systems, is teaming with The ELEX Group Inc. of Medford, N.J., to provide lease-financing services for business customers of the Nomad personal display system. The ELEX Group specializes in providing lease financing solutions through Web-based technology. With ELEX, Bothell-based Microvision will provide customers throughout the United States with an alternative method to acquire the Nomad personal display system, which costs $10,000 to $12,000, and related software and hardware. The Nomad system is a high-resolution, head-worn display that presents images and information on a see-through display.
Prolinx Inc., a Bothell biotechnology firm focused on proteomics development, announced Monday that it has signed a development agreement with BioDiscovery Inc. of Marina del Rey, Calif. BioDiscovery is a maker of software for microarray technology. Under the terms of the agreement, the two companies will collaborate to develop software for the analysis of protein microarrays, including Prolinx’s Versalinx protein microarrays. Versalinx is an open-platform array system designed for basic research, proteomics and drug discovery applications, according to Prolinx.
Workers at three Montreal-area plants of Bombardier Aerospace went on strike Monday morning after rejecting the company’s latest contract offer. Work at the plants was paralyzed, halting production on the company’s regional jets and the Challenger business jets. The company employs about 7,400 workers at the plants. The union had been seeking a 5 percent annual raise in a three-year contract, with a retirement age of 58 instead of 60 without penalty. Union members earn an average of $14 an hour. Bombardier offered a salary increase of 3.25 percent in each year of a four-year contract, plus a $650 signing bonus.
The Treasury Department sold three-month bills at a discount rate of 1.68 percent, down from 1.71 percent last week. Six-month bills sold at a rate of 1.905 percent, down from 1.975 percent. The new discount rates understate the actual return to investors – 1.712 percent for three-month bills with a $10,000 bill selling for $9,957.50, and 1.950 percent for a six-month bill selling for $9,903.70. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 2.53 percent last week from 2.64 percent the previous week.
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