Blog - Page 4911 of 5683

MondayFeb 11, 2008 4:48 am

DRS Technologies, Inc. (DRS) Announces $20M Contract to Manufacture Assemblies Used in M2A3 Bradley Fighting Vehicles

DRS Technologies, Inc. (DRS) announced that it received two contracts totaling approximately $20M to provide the target acquisition assemblies used in the Improved Bradley Acquisition System (IBAS) aboard the M2A3 Bradley Fighting Vehicle. DRS Technologies, headquartered in Parsippany, New Jersey, is a supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. One contract is for $11M from the U.S. Army’s Aviation and Missile Command at Redstone Arsenal in Alabama, and the second is for $9M from a prime contractor. The work for these contracts will be executed by the company’s DRS Sensors &…

MondayFeb 11, 2008 4:45 am

Dot Hill Systems Corporation (HILL) Updates Business Outlook for 2008

Dot Hill Systems Corporation (HILL) updated shareholders regarding various matters that will directly affect their business outlook for 2008. First, the company announced that they will begin to implent varying restructuring and cost reduction opportunities that will result in a one time case usage fee between the range of $1 to $2 million. Furthermore, Dot Hil has also revised their preliminary financial results for the fourth quarter of 200. For the quarter ended December 31, 2007, the company is expecting net revenue to be in the range of $51 to $52 million. The company also announced that they expect cash…

MondayFeb 11, 2008 4:44 am

Lighting Science Group Corporation (LSCG.OB) to Exhibit at The ARC Show in London

Lighting Science Group Corporation (LSCG.OB), a global innovator providing light-emitting diode lighting solutions, announced that the company will exhibit at The ARC Show on Feb. 11-13th, 2008 in London. During this event, the company will showcase their wide range of environmentally sustainable and highly energy-efficient LED lighting solutions. Govi Rao, Chairman and CEO, stated, "The ARC Show is an exciting opportunity for us to demonstrate our newest LED lighting technologies and how they can be used in a broad range of applications where conventional lighting sources were previously the only option. By seamlessly integrating the product development process from concept…

MondayFeb 11, 2008 4:42 am

Electronic Sensor Technology, Inc (ENSR.OB) Awarded Security Order

Electronic Sensor Technology, Inc (ENSR.OB), a leading provider of innovative homeland security and environmental solutions, announced that the company has been awarded with a purchase order from Petroleum Services Company in Kuwait. Petroleum Services Company has purchased the company's leading zNos products. Barry S. Howe, President and CEO, stated, "This order is another example that the zNose® is an excellent tool for explosive detection. The zNose® not only detects traditional explosives but also many other types, including liquid explosives, the type used by the infamous 'shoe bomber.'" Mr. Howe added, "This order brings our 2008 year to date orders to…

MondayFeb 11, 2008 4:41 am

VocalTec Communications, Ltd (VOCL) Announces Significant Corporate Developments

VocalTec Communications Ltd (VOCL), a global provider of carrier-class multimedia and voice-over-IP solutions, announced that over 50 telecom service providers currently utilize VocalTec's Essentr VoIP solution platform. Yair Golan, VP of Marking and Business Development, stated, "We are very pleased that the telecommunications community is recognizing the value of our Essentra solutions. The combination of IBM's advanced server technology together with our Essentra VoIP Software results in a robust solution for our service provider customers, meeting their stringent requirement for reliable service delivery. This relationship demonstrates VocalTec's commitment to delivering superior value to our customers." Scott Firth, Industry Director, added,…

MondayFeb 11, 2008 4:39 am

Alynx, Company (AYXC.OB) Completes Merger With Medical Device Company MiMedx, Inc.

Alynx, Company (AYXC.OB) announced that the company has completed their acquisition of 100% of the outstanding shares of MiMedx, Inc. - a development-stage medical device company, based in Tampa, Florida. Subsequent to this transaction, Alynx has issued approximately 52.9 million new shares of common stock and approximately 3.7 million new shares of their preferred stock. Furthermore, Alynx repurchased and canceled 20.0 million shares of their outstanding common stock. The shares issued in the merger were issued pursuant to a private placement and are not presently eligible for resale to the public. Lastly, the executive officers and directors of MiMedx have…

MondayFeb 11, 2008 4:36 am

Adolor Corporation (ADLR) and GlaxoSmithKline (GSK) Announce Pertinent Extension

Adolor Corporation (ADLR) and GlaxoSmithKline (GSK) announced that the U.S. Food and Drug Administration has informed Adolor that the Prescription Drug User Fee Act action date for Adolor's ENTEREG product has been extended to May 10, 2008. Additionally, Adolor has also submitted an elaborate ENTEREG Risk Management Program to the FDA. ENTEREG 12 mg capsules were designed specifically for in hospital, short term use. Adolor asserts that this drug is able to accelerate upper and lower gastrointestinal recovery following partial large or small bowel resection surgery. Currently, there are no other FDA approved drugs for this indication. Michael R. Dougherty,…

MondayFeb 11, 2008 4:35 am

Diamond I, Inc (DMOI.OB) Announces Revised Oil and Gas Strategy

Diamond I, Inc (DMOI.OB) announced that the company has received numerous oil and gas proposals since their initial diversification into the oil and gas industry. Currently, Diamond I expects that the company will continue to receive a high volume of business proposals as the price of oil continues to rise. The company expects to begin additional near-term oil production without sacrificing DMOI's long-term success immediately. David Loflin, CEO, stated, "We are understandably excited by the reaction to our entry into the oil and gas marketplace. With our six-well deal already in hand, we are intent on taking advantage of the…

FridayFeb 08, 2008 5:41 pm

China Health Resource, Inc. (CHRI.OB) is "One to Watch"

Through its subsidiary, Suining Yinfa DAR Industrial Co., Ltd, China Health Resource, Inc. (CHRI.OB) produces, processes and sells one of the major Chinese herbs, Dahurian Angelica Root. The herb is used by many to alleviate pain, high blood pressure, cancer and other illnesses. Dahurian Angelica Root also has applications in cosmetics and chemistry as well. Suining Yinfa DAR Industrial Co. is committed to developing traditional Chinese herbal medicine and has spent considerable resources Researching and Developing alongside Chengdu University of Traditional Chinese Medicine and Sichuan Provincial Chinese Medicine Research Institute. As a result of their dedicated investment, Dahurian Angelica Root…

FridayFeb 08, 2008 5:21 pm

Simulations Plus Inc. (SLP) Management Shows Route to Higher Value-Added Information Technology

Though this stock is ahead of its industry and sector in terms of recent sales growth and Gross Margin as well, these are not the most interesting reasons to consider investing in this particular software and programming business. Veteran investors in technology are aware that only continuous upgrades can protect stock value in a field of rapid margin erosion and even obsolescence. This is the case of a company taking a firm position in extremely profitable and socially important fields of activity. The business relates to the invention and development of new drugs, education, productivity, and helping individuals with disabilities…

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