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Top News Links: Friday, July 22

Verizon, Adtran working together on fiber-optic internet

Verizon is looking to roll out the next-generation of fiber-optic internet for its FiOS communications network, and a Huntsville company has one of the approaches catching the eye of the telecommunications giant. Verizon is testing equipment from Huntsville-based ADTRAN, along with Swedish company Ericsson. – WAAY

Sanders Trust buys three rehab hospitals from MPT

A Birmingham real estate firm has bought three rehabilitation hospitals in a $111.5 million deal. The Sanders Trust announced it bought three hospitals from Medical Properties Trust, a Birmingham-based real estate investment trust. The three hospitals are all affiliated with HealthSouth, also based in Birmingham. – AL.com

City of Montgomery now in recycling business

The city of Montgomery has reached a deal to take over the shuttered $35 million recycling center that closed last fall. Montgomery signed an agreement Tuesday to acquire the Materials Recycling Facility and an adjacent lot from IREP for $625,000 and other considerations, the city said in a release. – GovTech.com

Mike Tracy named CEO at Drummond Co.

The Drummond Company has new people at the helm. Mike Tracy, former President of Mining at Drummond, has been named CEO while Dr. Mike Drummond is the company's new chairman of the board. Dr. Drummond is the son of the late Garry Neil Drummond, former CEO and Chairman of the Board. – AL.com

UA wins $8M contract for mental health work

The University of Alabama School of Social Work and the Alabama Department of Mental Health have partnered on an $8 million project to expand a substance abuse and mental health program to underserved areas of West Alabama. – News release

Frontier Technologies expanding to Brewton

Frontier Technologies has purchased a 55,530 square foot manufacturing facility in Brewton. The company manufactures aerospace, energy and architectural components and expects to create about 25 new jobs. The property sold for $600,000, according to NAI Mobile, which represented the sellers. – News release

Education initiative leads to Whiz Kidz Lab

Led by an Airbus Group education initiative, the Mobile Airport Authority Foundation (MAAF) has opened Whiz Kidz Laboratory, a program designed to further STEM education along the Gulf Coast. – News release

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