VOL. 133 | NO. 30 | Friday, February 9, 2018
Canada Med-Tech Company Launching Memphis Presence
The University of Memphis has signed a memorandum of understanding that will help bring the U.S. operations of Waterloo, Canada-based medical technology company DayaMed to Memphis.
The company, a leading provider of mobile medical devices and patient-centric data analytics, plans to locate in the university area and work with the FedEx Institute of Technology’s Biologistics Research Cluster.
The partnership will allow DayaMed, among other things, to engage university faculty and graduate students in research collaboration, innovation design, market expansion and partner development activities.
DayaMed executive director of regional development Troy Parkes said the company is working on a deal to lease a former Memphis Public Library branch building on Highland Avenue and expects that to be wrapped up in a few months.
– Andy Meek
Wolfchase Retail Building Sells for $2.3 Million
A 17,000-square-foot retail building near Wolfchase Galleria has sold for $2.3 million.
NAI Saig Co. executive vice president Brian Califf and vice president Bryan Evans represented the seller, Stone Gallery LLC, in the transaction.
New owners CRD Properties LLC said they plan to renovate and reuse the vacant building located at 8076 Giacosa Ave.
Stone Gallery Inc., the building’s previous occupants, signed a three-year lease for 15,000 square feet at 3345 One Place, near Memphis International Airport, effective Dec. 1, 2017.
Califf represented both the tenant and the landlord, Plaza Partners, in that deal.
Stone Gallery specializes in the remodeling of kitchens, bathrooms, cabinets and granite appliances.
– Patrick Lantrip
Homayoun to Speak About Balance in a Digital World
Ana Homayoun, author of the book “Social Media Wellness: Helping Tweens and Teens Thrive in an Unbalanced Digital World,” will speak at 7 p.m. on Feb. 27 at Hutchison School.
A nationally acclaimed speaker and author, Homayoun will discuss modern parenting dilemmas in the age of the smartphone.
The event will be in the school’s Wiener Theater, 1740 Ridgeway Road, and is free and open to the public.
Homayoun will address the challenges of living and parenting in an always-on digital world. Her book explores how using digital devices affects all aspects of our lives and personal wellness, including students’ academic abilities and social well-being, as well as emotional and physical health.
Her work is grounded in research and based on more than 15 years of working with students of all ages.
– Don Wade
Union University, ASU Make Most Affordable Lists
Union University in Jackson, Tennessee, came in at No. 20 on the 2018 list of the Most Affordable Online Colleges for doctorate degrees.
The Most Affordable Online Colleges lists are compiled annually by SR Education Group, an education research publisher founded in 2004 that has been compiling the lists since 2013. It aims to help students choose the best school for their career aspirations and budget by making objective information accessible about education, careers and college financing.
SR Education Group manually researched more than 1,000 colleges to create separate lists that highlight the 25 most cost-effective online colleges by degree level, and one overall most affordable list.
To be eligible for the overall list, which takes into account both undergraduate and graduate tuition rates, colleges have to offer at least five online bachelor’s and five online master’s degrees. Middle Georgia State University, the No. 1 most affordable school, offers 19 online degrees starting at an undergraduate tuition rate of $5,070 and a graduate tuition rate of $3,825.
Arkansas State University in Jonesboro ranks No. 6 on the overall list with undergraduate tuition of $7,080 and graduate tuition of $4,410. The University of Arkansas came in at No. 10 ($8,283 and $4,791).
Only four schools made it on three separate lists: Arkansas State University, Fort Hays State University, Missouri State University and Southeast Missouri State University. All tuition rates represent out-of-state rates.
– Daily News staff
Luttrell Endorses Lenoir For Shelby County Mayor
Outgoing Shelby County Mayor Mark Luttrell has endorsed David Lenoir for county mayor.
Lenoir, who is currently county trustee, is running in the May 1 Republican primary for mayor in a field that includes County Commissioner Terry Roland and Juvenile Court Clerk Joy Touliatos.
“He understands that true leaders must be willing to roll up their sleeves to address the underlying causes of the challenges we face like blight, crime, economic growth and access to a solid education,” Luttrell said in a statement Thursday, Feb. 8.
The winner of the Republican primary will face the winner of the Democratic primary between state Sen. Lee Harris and former County Commissioner Sidney Chism on the August county general election ballot.
– Bill Dries
Pera’s Ubiquiti Reports Loss in Second Quarter
Ubiquiti Networks Inc. on Thursday, Feb. 8, reported a fiscal second-quarter loss of $51.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 66 cents. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.
The computer networking company was founded by chairman and CEO Robert Pera, majority owner of the Memphis Grizzlies.
Ubiquiti posted revenue of $250.8 million in the second quarter.
For the current quarter ending in April, Ubiquiti said it expects revenue in the range of $245 million to $260 million.
Ubiquiti shares have risen 11 percent since the beginning of the year. The stock has risen 25 percent in the last 12 months. Shares closed 14 percent lower Thursday at $67.46 per share.
– The Associated Press
Appeals Court: Tennessee’s DUI Fee Unconstitutional
An appeals court has ruled that it is unconstitutional for state law to require that every person convicted of DUI through a blood or breath test pay a fee that the Tennessee Bureau of Investigation is dependent upon to fund testing operations.
The ruling Tuesday, Feb. 6, by the Court of Criminal Appeals in Knoxville says the $250 fee violates due process and calls into question the trustworthiness of test results obtained by the bureau’s forensic scientists. State law requires the money to go to the bureau’s intoxicant testing fund.
The case was joined by more than 20 defendants who were charged with DUIs after they provided blood or breath samples, and each would have been subject to paying the $250 fee if convicted.
The appellate court wrote that the lower court in the main defendant’s case was wrong in not dismissing the test results as evidence.
The decision said the fee system creates a monetary incentive for forensic scientists through continued employment, salaries, equipment and training.
“While we acknowledge that TBI forensic scientists could lose their jobs if they falsify test results and these falsifications are discovered, we also recognize that forensic scientists would most certainly lose their jobs if funding for their positions disappears, a result of which these forensic scientists are no doubt well aware,” the opinion states.
It’s unclear if prosecutors will appeal to the state Supreme Court.
According to the appeals court’s decision, the defense had said it wasn’t arguing that the bureau actually falsified test results, but was contending that the fee violated due-process rights because it “created the appearance of impropriety and the potential for abuse based upon financial interest.”
After state lawmakers first instituted a $100 fee in 2005, they passed a bureau-backed proposal in 2010 to raise the fee to $250. The fees now bring in more than $3 million annually.
According to the ruling, TBI Director Mark Gwyn told the state Senate Judiciary Committee in 2014 that without increasing the fees in 2010, the bureau would have had to eliminate several forensic scientist positions.
– The Associated Press