Technology firm CDEX relocates HQ to Tucson


Published on Friday, January 05, 2007

CDEX Inc., which last month received a patent for a chemical-detection system it is marketing to the homeland security industry, is moving its headquarters in with its research and development laboratory at 4555 S. Palo Verde Road, from Rockville, Md.

As part of the move, the company is looking for a new CEO to replace Jim Griffin, who is stepping down because he did not want to relocate, although the company said he is supportive of the move. Tim Shriver is interim president and CEO.

CDEX said it expects to finish the move by the end of the first quarter.

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The company develops technologies for the detection of explosives and illegal and counterfeit drugs, validation of the quality of prescription drugs and compounded medications, and detection of counterfeit raw materials and finished products. CDEX generated $178,607 in sales for the year ending Oct. 31, 2005, all from sales to hospital pharmacy customers

© 2006 Inside Tucson Business. All Rights Reserved
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Comments

rosejenifar wrote on Nov 16, 2008 10:28 PM:

" New state budget cuts proposed by the governor's office could mean $2.2 million less for Shasta College than school officials had expected to receive this year.That is on top of a $1 million shortfall already in this year's budget.Business owners typically pay less in taxes when the rates increase because they earn less income,causing the state to lose more tax revenue.They also do not invest as much and may not work as hard.
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rosejenifar
DUI "

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