Posted by admin | Under Uncategorized
Tuesday Feb 9, 2010
Below is a Directory of Defense stocks, ranging from Biometric to Surveillance and Security Stocks, which has been compiled from listings at Border and Port Security and Investor Ideas.
Read the full text of the article below.
Defense Stocks Directory: Biometric, Surveillance, Security Stocks
Allied Security Innovations (OTCBB:ASVN) (Previously Digital Descriptor Systems Inc – DDSI) The company, based in Farmingdale, NJ, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice and public safety agencies.
Aria International Incorporated (OTCBB:ARAH) is a wholly-owned subsidiary of Aria International Holdings, Inc. and is focused on providing specialized surveillance and communications solutions to a global customer base. Aria International operates as a solutions provider, systems integrator, and operator of surveillance and communications systems. Working closely with our clients in a flexible and responsive manner, we are able to provide highly effective solutions that respond well to our customers’ defense and security requirements.
Bulldog Technologies, Inc., (OTCPK:BLLD) Is a leading provider of wireless cargo security solutions that researches, develops and manufactures real-time, comprehensive monitoring and intrusion detection devices for use in the cargo transportation and storage industry.
Cantronic Systems Inc. (TSX:CTS.V) Cantronic manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security and surveillance application. Cantronic, through its US subsidiary QWIP Technologies, Inc. (“QWIPTECH”), holds a worldwide, exclusive license from the California Institute of Technology (“Caltech”) to produce and sell infrared detectors and sensors based on Caltech’s Quantum Well Infrared Photodetector technology.
China Information Security Technology, Inc (NasdaqGS:CPBY), Through its wholly-owned Chinese subsidiary, China Information Security Technology, Inc. (“CIST” or the “Company”) headquartered in Shenzhen, China (“PRC”), is a leading application software developer, systems integrator and full-service Geographic Information Systems (“GIS”) solutions provider to the public security and civil-use markets in China, aiming to use information technology to improve public safety and information management. Its main business lines range from digital public security, to intelligent border control, and Geographic Information Systems (GIS). Its commitment to leading-edge technology and quality assurance has won the Company numerous government and enterprise contracts throughout China.
Cogent, Inc. (NASDAQ:COGT) Cogent is a global biometric identification solutions provider to governments, law enforcement agencies, and commercial enterprises. Cogent provides the highest quality identification systems, products and services with leading technology, accuracy and speed. Cogent’s Automated Fingerprint/Palmprint Identification Systems, or AFIS, enable customers to capture fingerprint and palm print images electronically, encode prints into searchable files, and accurately compare a set of fingerprints/palm prints to a database containing potentially millions of prints in seconds.
Communication Intelligence Corp. (OTCBB:CICI) Communication Intelligence Corporation (“CIC”) is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC’s products enable companies to achieve truly paperless workflow in their eBusiness processes by enabling them with “The Power to Sign Online®”; with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models. Industry leaders such as AEGON/WFG, AIG, Charles Schwab, Prudential, Nationwide (UK), Snap-on Credit and Wells Fargo chose CIC’s products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing hundreds of thousands of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China.
Electronic Sensor Technology (OTCBB:ESNR) Founded in 1995, Electronic Sensor Technology has developed and patented a chemical vapor analysis process with applications for the homeland security, environment and health markets
FaceKey Corp. (OTCPK:FEKY) FaceKey Corporation, a developmental stage company, has built a portfolio of patents related to fingerprint and/or facial recognition. Applications for both home and business include access control, accurate and reliable time and attendance systems, and crisis evacuation (muster) stations. The biometric technologies developed by FaceKey are available for licensing to other companies for integration into products that will provide Genuine ID(TM). Its products are sold through a network of distributors, dealers and system integrators worldwide. The company was co-founded by Dr. Yevgeny B. Levitov and Annette H. Starkweather in 1999 and is based in San Antonio, Texas.
Gabriel Technologies Corp (OTCPK:GWLK) Gabriel Technologies Corporation is a publicly traded corporation focused on two rapidly growing segments of the homeland security market – asset tracking and physical security. Through its wholly owned subsidiary, Gabriel Technologies, LLC, a Nebraska limited liability company, the company designs, develops, manufactures and sells a series of physical locking systems for the transportation and shipping industries collectively known as the War-Lok(TM) security system. Security has evolved substantially in recent years due to increased risks from theft and terrorism. With the implementation of the award-winning War-Lok(TM), Gabriel Technologies provides cost-efficient security measures to prevent national and global theft and homeland security issues. The Company’s other wholly owned subsidiary, Trace Technologies, LLC, a Nevada limited liability company, was formed to develop location based services to enable customers to track assets and personnel worldwide.
Geo Group Inc., The (NYSE:GEO) The GEO Group, Inc. (“GEO”) is a world leader in the delivery of correctional, detention, and residential treatment services to federal, state, and local government agencies around the globe. GEO offers a turnkey approach that includes design, construction, financing, and operations. GEO represents government clients in the United States, Australia, South Africa, and the United Kingdom. GEO’s worldwide operations include the management and/or ownership of 66 correctional and residential treatment facilities with a total design capacity of approximately 64,000 beds, including projects under development.
HS3 Technologies (OTCBB:HSTH) HS3 Technologies is a national provider and integrator of innovative security solutions. The Company provides technically advanced hardware and proprietary video analytic software, with a full line of products including digital video recording technology (DVRs), biometric access control (door locks), personal biometric identification units, CCTV, remote video monitoring centers, wireless mesh networks units and wireless Internet-linked satellite surveillance systems. HS3’s Denver Monitoring Center serves as its single point integrated security solutions portal, where it combines its proprietary analytical software, network security, alarm monitoring, and video alarm verification products. HS3 Technologies, Inc. was founded in 2005 and is based in Denver, Colorado.
ImageWare Systems, Inc. (OTCPK:IWSY) ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, the Company’s biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare’s identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare’s digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. ImageWare is headquartered in San Diego, with offices in Portland, OR, Washington, DC and Canada.
IR BioSciences Holdings, Inc., (OTCBB:IRBS) IR BioSciences Holdings, Inc. is a development-stage biotechnology company. Through our wholly-owned subsidiary ImmuneRegen BioSciences, Inc., we are engaged in the research and development of potential drug candidates, Homspera™ and its derivatives, Radilex® and Viprovex®. Our goals include developing these potential drug candidates to be used as possible countermeasures for homeland security threats, including radiological, chemical and biological agents, and to meet the commercial need for similar beneficial effects in conditions such as radiation therapy, influenza, anthrax and potentially other microbial ailments. We have discovered activities of Homspera that may potentially open additional commercialization opportunities in areas such as human adult stem cell stimulation, vaccine adjuvants, which stimulate the immune system above that of a stand-alone vaccine, and wound healing.
L-1 Identity Solutions (NYSE:ID) L-1 Identity Solutions, Inc., together with its portfolio of companies, offers a comprehensive set of products and solutions for protecting and securing personal identities and assets. Leveraging the industry’s most advanced multi-modal biometric platform for finger, face and iris recognition, our solutions provide a circle of trust around all aspects of an identity and the credentials assigned to it — including proofing, enrollment, issuance, usage and access control. Our convenient and secure fingerprinting service centers process civilian enrollment and credentialing for U.S. and Canadian government-licensed jobs and we offer a diverse set of government security consulting services that encompass the most important areas of security and intelligence in the U.S. today. With the trust and confidence in individual identities provided by L-1 Identity Solutions, government entities, law enforcement and border management agencies, and commercial enterprises can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions is headquartered in Stamford, CT.
LaserCard Corporation (NASDAQGM:LCRD) LaserCard Corporation, together with its subsidiaries, is a leading provider of secure ID solutions to governments and commercial clients worldwide. It develops, manufactures, and integrates LaserCard® optical memory cards, encoders, peripherals, smart and specialty cards, biometrics, and modular software. The company’s cards and systems are used in various applications, including citizen identification, border security, government service delivery and facility access.
Law Enforcement Associates(OTCBB:LAWE) LEA is a leading security and surveillance technology company that manufactures and markets a diverse product line to the worldwide law enforcement, military, security and corrections markets. The company’s Audio Intelligence Devices division has been serving the law enforcement sector for more than 30 years and is one of the most respected names in the surveillance equipment industry. LEA’s products are used by a wide variety of government and non-governmental agencies, as well as public and private companies. These include military bases, nuclear facilities, embassies, government installations, oil refineries, United Nations and NATO locations. The company enjoys close working relationships with other prominent players in the security and surveillance industry, Including Smith & Wesson, one of the world’s largest manufacturers of quality firearms and firearm safety/security products. LEA’s products have been used at high-profile events such as the Summer & Winter Olympics, Super Bowl, U.S. Golf Championship, and the Democratic and Republican National Conventions. Its products include the Under Vehicle Inspection System (UVIS), Smith & Wesson-branded UVIS Swift, EDK123 (Explosive Detection Kit), Bloodhound and Birddog GPS Tracking Systems, Graffiti Cam, Letter-bomb Visualizer Spray, and a wide variety of Audio & Video Surveillance Equipment. Headquartered in Raleigh, N.C., the company has been featured in many industry publications and websites.
Liska Biometry (OTCBB: LSKAE) Liska Biometry develops revolutionary fingerprint biometric solutions enabling fast individual authentication, precise identification searches, as well as cross-platform data interoperability. Our innovative, scalable technology generates a unique, short, repeatable numerical identifier from one’s fingerprint This short number becomes a precise and universal biometric identifier easily embedded in travel documents, such as visas and passports, credit cards, drivers’; licenses and a host of other personal credentials. Our product offerings address national security concerns regarding privacy and data integrity. From consular services to terrorist watch lists, our innovative technology allows for seamless, integrated identification searches across disparate databases at all levels of government and law enforcement. Liska Biometry is listed on the Nasdaq OTC under the symbol ‘LSKA’. Our head office is located in Dover, New Hampshire.
Motorola Inc. (NYSE:MOT) Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007.
Microsoft (NasdaqGS:MSFT) Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Nuance Communications, Inc. (NasdaqGS:NUAN) Nuance Communications, Inc. is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance’s proven applications and professional services.
Princeton Security Technologies,Inc. (PSGY.OB) Princeton Security Technologies, through its wholly owned subsidiary, Princeton Gamma-Tech Instruments (PGT), is a supplier of X-ray and Gamma-ray Detectors and Spectroscopy systems, portable Radioisotope Identifiers, and portable Chemical Analyzers. The Company serves a broad customer base in scientific research, industrial materials analysis, and Home Land Security. PGT operates a full customer service and Reachback program via its partners, backed by highly skilled R&D and manufacturing staff in its Princeton facility. Princeton Gamma Tech Instruments has brought leadership and technical innovation to the semiconductor gamma and X-ray detection field for over 35 years. Recent accomplishments include a state-of-the-art isotope identification technology for fixed and portable applications and a scalable software control application for the rapid deployment of multiple sensors. The corporation offers an online catalog of off the shelf products and services, as well as a distributor network domestically and internationally.
Rand Capital Corporation (NasdaqCM: RAND) Rand Capital is a publicly held Business Development Company (BDC), and its wholly owned subsidiary is licensed by the Small Business Administration (SBA) as a Small Business Investment Company (SBIC). Rand and its subsidiaries provide capital and managerial expertise to small and medium sized private companies that lack sufficient channels to the capital markets.
Safeguard Scientifics, Inc. (NYSE:SFE) Founded in 1953 and based in Wayne, PA, Safeguard Scientifics, Inc. provides growth capital for entrepreneurial and innovative technology and life sciences companies. Safeguard targets technology companies in Software as a Service (SaaS) / Internet-based Businesses, Technology-Enabled Services and Vertical Software Solutions, and life sciences companies in Molecular and Point-of-Care Diagnostics, Medical Devices and Specialty Pharmaceuticals with capital requirements between $5 and $50 million. Safeguard participates in expansion financings, corporate spin-outs, management buyouts, recapitalizations, industry consolidations and early-stage financings.
Technest Holdings, Inc (OTCBB: TCNH) Technest Holdings, Inc. is a provider of: advanced remote sensor systems, intelligent surveillance and advanced 3D imaging technology solutions to the defense, homeland security and healthcare marketplaces. Technest is committed to setting next-generation imaging standards through the provision of innovative emerging technologies. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in healthcare as well as the fields of defense, civilian homeland security and law enforcement.
TraceGuard Technologies Inc. (OTCBB: TCGD) TraceGuard Technologies, Inc. engages in the development and marketing of security technologies and solutions for the detection of explosives. Its systems are designed to improve the screening and detection of explosives, narcotics, biological contaminants, and other hazardous materials.
View Systems, Inc. (OTCBB:VYST) View Systems, Inc. manufactures and installs unique security products to government agencies, schools, courthouses, event and sports venues, the Military and commercial businesses.
VUANCE Ltd. (NasdaqCM:VUNC) VUANCE Ltd. develops and markets state-of-the-art security solutions for viewing, tracking, locating, credentialing, and managing essential assets and personnel. VUANCE solutions encompass electronic access control, urban security, and critical situation management systems as well as long-range Active RFID for public safety, commercial, and government sectors. The Company’s comprehensive range of products enable our business partners to offer their customers end-to-end solutions that can overcome the most difficult security challenges. Its Incident Response Management System (IRMS) is the industry’s most comprehensive mobile credentialing and access control system, designed to meet the needs of Homeland Security and other public initiatives. VUANCE is serious about security.
Waytronx, Inc. (OTCBB:WYNX) Waytronx, Inc. has pioneered and is commercializing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others. Utilizing its patented WayCool(TM) hybrid mesh architecture, Waytronx can enhance system performance and remove thermal barriers caused by “microwarming” in today’s advanced computing devices. The Company’s proprietary central and graphics processor solutions, solar energy cooling solutions and power supply cooling solutions deliver more cost effective and efficient thermal management to the industry. Waytronx changed its name from OnScreen Technologies in December 2007. Waytronx acquired CUI, Inc. in May 2008.
Posted by admin | Under ICOP Digital Inc.
Tuesday Feb 9, 2010
ICOP Digital, Inc. (NASDAQ: ICOP) announced today that the Company has entered into a Memorandum of Understanding (MOU) with Developed Dimension Information Technology (DDIT), ICOP’s partner in the Kingdom of Saudi Arabia, to establish a joint venture company with the goal of becoming the preeminent supplier of Homeland Security products and services to the flourishing security markets of the Middle East.
ICOP Digital, Inc. and Developed Dimension Information Technology (DDIT), the two parent companies, will establish a Saudi-based company that delivers world-class security products and services, with added emphasis on training and high-level local support.
David Owen, Chairman and CEO of ICOP, stated “Saudi Arabia’s fast-growing economy is creating opportunities for both exporters and investors, as it is one of the fastest growing economies in the world. Given the elevated priority that King Abdullah has placed on securing Saudi Arabia’s citizens, borders, and critical infrastructure, we believe this is a unique opportunity in history, in helping to meet the security needs of this important market.”
Read the full text of the article below.
ICOP and DDIT Sign MOU for Joint Venture in Saudi Arabia
LENEXA, KS–(Marketwire – 02/09/10) – ICOP Digital, Inc. (NASDAQ:ICOP – News), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that it has entered into a Memorandum of Understanding (MOU) with Developed Dimension Information Technology (DDIT), ICOP’s partner in the Kingdom of Saudi Arabia, to establish a joint venture company, to expand the delivery of Homeland Security solutions in Saudi Arabia and other Gulf Cooperation Council (GCC) countries in the Middle East.
President Obama and King Abdullah have placed a high priority on joint ventures between companies in the United States and companies in Saudi Arabia, for greater economic cooperation, transfer of technology, and training as well as the development of new and lasting business ties.
Under the terms of the joint venture, the two parent companies will establish a Saudi-based company that delivers world-class security products and services, with added emphasis on training and high-level local support. The joint venture’s objective is to be the preeminent supplier of Homeland Security products and services to the flourishing security markets of the Middle East.
DDIT is owned by Sheik Hamad Bin Mohammed Bin Saedan Group, a prominent business group in Saudi Arabia, who following eighty-five years in business, is one of the largest real estate and investment groups in Saudi Arabia, and their holdings extend to the UAE, Tunisia, Egypt, and Jordan.
Sheik Hesham Saedan, managing director of DDIT, stated, “In light of the growing priority for security solutions, ICOP and DDIT see the need for expanding our relationship to integrate additional security products and services, and to leverage the strong brand we have established with ICOP and other security products, in Saudi Arabia and the Region. Through the joint venture with ICOP, we gain an experienced and respected management team, in addition to an ambitious growth plan to become the market-leading security company in the Region.”
“Saudi Arabia’s fast-growing economy is creating opportunities for both exporters and investors, as it is one of the fastest growing economies in the world. Given the elevated priority that King Abdullah has placed on securing Saudi Arabia’s citizens, borders, and critical infrastructure, we believe this is a unique opportunity in history, in helping to meet the security needs of this important market,” stated David Owen, Chairman and CEO of ICOP. “Our relationship with DDIT over these past few years has been outstanding, and the growing security market of this Region gives us a sense of urgency to establish this joint venture.”
The transaction is subject to final documentation and regulatory approvals. Terms of the transaction, which is projected to close by the end of the last quarter of 2010, were not disclosed, pending finalization through the authorities in Saudi Arabia.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP – News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.
Disclaimer
Posted by admin | Under ICOP Digital Inc.
Tuesday Feb 2, 2010
ICOP Digital, Inc. (NASDAQ:ICOP) announced today that the company has entered into definitive agreement with two institutional investors to raise gross proceeds of approximately $1.34 Million, before placement agent’s fees and other offering expenses, in a registered direct offering.
According to the terms of the agreement, ICOP will sell 3,500,000 shares of its common stock for $0.3833 per share. The Company will also issue Series 1 Warrants to purchase up to 3,500,000 shares of common stock in the aggregate for $0.42 per share, which will be exercisable for a period of 5 years beginning 6 months and 1 day after issuance; and Series 2 Warrants to purchase up to 1,232,580 shares of common stock in the aggregate for $0.3833 per share, which will be exercisable at any time on or after the date of issuance for a period of 90 business days. Each of the warrants also contains “full ratchet” anti-dilution protection.
The closing of the offering will occur on or before February 3, 2010, and Chardan Capital Markets, LLC acted as the sole placement agent for this transaction.
Read the full text of the article below.
ICOP Announces Registered Direct Offering of Common Stock and Warrants
LENEXA, KS–(Marketwire – 01/29/10) – ICOP Digital, Inc. (NASDAQ:ICOP – News), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that it has entered into a definitive agreement with two institutional investors to raise gross proceeds of approximately $1.34 Million, before placement agent’s fees and other offering expenses, in a registered direct offering.
Under the terms of the transaction, ICOP will sell 3,500,000 shares of its common stock for $0.3833 per share. The Company will also issue Series 1 Warrants to purchase up to 3,500,000 shares of common stock in the aggregate for $0.42 per share, which will be exercisable for a period of 5 years beginning 6 months and 1 day after issuance; and Series 2 Warrants to purchase up to 1,232,580 shares of common stock in the aggregate for $0.3833 per share, which will be exercisable at any time on or after the date of issuance for a period of 90 business days. Each of the warrants also contains “full ratchet” anti-dilution protection.
The closing of the offering will occur on or before February 3, 2010.
Chardan Capital Markets, LLC acted as the sole placement agent for this transaction.
The securities described above are being offered by ICOP pursuant to a registration statement on Form S-3 previously filed and declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP – News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.
Disclaimer
Posted by admin | Under LMT Lockheed Martin Corporation
Tuesday Feb 2, 2010
Lockheed Martin (NYSE: LMT) announced today that NASA has awarded the Company with a contract extension to continue ODIN (Outsourcing Desktop Initiative for NASA) services to support NASA Headquarters and all major NASA centers, a delivery order value of an estimated at $230 million. The contract extension is a phased extension beginning this month and continuing through October 31, 2011.
One of four main divisions within Lockheed Martin, Information Systems & Global Services, provides federal services; information technology solutions; software and systems engineering support services; logistics, mission operations support, peacekeeping, and nation-building services for the various U.S. defense and civil government agencies.
“Lockheed Martin is committed to excellent performance,” said Darrell Graddy, Vice President of Lockheed Martin’s Enterprise IT & Data Solutions. “This extension is a tribute to the stellar support and service provided by our ODIN support team. Our dedicated team looks forward to providing innovative IT services to support NASA’s mission to pioneer the future in space exploration, scientific discovery and aeronautics research.”
Read the full article below.
Lockheed Martin Receives ODIN (Outsourcing Desktop Initiative for NASA) Contract Extension
ROCKVILLE, Md., Feb. 2 /PRNewswire-FirstCall/ — Lockheed Martin (NYSE: LMT) announced today that it has been awarded a contract extension from the National Aeronautics and Space Administration (NASA) to continue ODIN (Outsourcing Desktop Initiative for NASA) services to support NASA Headquarters and all major NASA centers. The ODIN modification is a phased extension beginning in February 2010 and continuing through Oct. 31, 2011, for an estimated delivery order value of approximately $230 million.
Work performed under the ODIN master contract and center delivery orders (DOs) includes desktop hardware and software, personal digital assistants, telephone operations, network services, information technology security and other services.
“Lockheed Martin is committed to excellent performance,” said Darrell Graddy, Vice President of Lockheed Martin’s Enterprise IT & Data Solutions. “This extension is a tribute to the stellar support and service provided by our ODIN support team. Our dedicated team looks forward to providing innovative IT services to support NASA’s mission to pioneer the future in space exploration, scientific discovery and aeronautics research.”
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2009 sales of $45.2 billion.
Posted by admin | Under CYT Cytec Industries
Tuesday Feb 2, 2010
Cytec Industries (NYSE: CYT) announced today that its Engineered Materials division has been awarded two contracts which will generate approximately $800 million over the next ten years.
For the first contract awarded, Cytec will supply carbon fiber composite materials for major primary structures on Bombardier’s new CSeries and Learjet 85 aircraft programs. Additionally, Cytec was also awarded a contract to supply a suite of advanced materials for current Bombardier aircraft programs.
Bill Wood, President of Cytec Engineered Materials stated, “We pride ourselves on the ability to deliver advanced material solutions that address complex and varied customer requirements.” Wood continued, “We congratulate Bombardier for their intelligent innovation in the use of advanced composite materials and manufacturing technologies.”
Read the full text of the article below.
Cytec Industries (CYT) Division Selected to Supply Carbon Fiber Composites to Bombardier; Expects $800M in Revs Over 10 Years
Cytec Industries (NYSE: CYT) announced today that its Engineered Materials division has been awarded contracts to supply carbon fiber composite materials for major primary structures on Bombardier’s new CSeries and Learjet 85 aircraft programs. Cytec was also awarded a contract to supply a suite of advanced materials for current Bombardier aircraft programs. Cytec expects the awards to generate revenues of approximately $800 million over the next ten years.
As the world’s third largest civil aircraft manufacturer, Bombardier Aerospace high-performance products and services set the standard of excellence in several markets, including commercial and business aircraft. Bombardier is leveraging a spectrum of Cytec Engineered Materials’ advanced composite material solutions to support its aircraft programs by using Cytec’s technologies to meet the aircraft’s advanced design requirements and support Bombardier’s high-tech manufacturing processes.
“We pride ourselves on the ability to deliver advanced material solutions that address complex and varied customer requirements,” states Bill Wood, President of Cytec Engineered Materials. “We congratulate Bombardier for their intelligent innovation in the use of advanced composite materials and manufacturing technologies.”
Posted by admin | Under Uncategorized
Wednesday Jan 27, 2010
Department of Homeland Security (DHS) Secretary Janet Napolitano today announced that U.S. Customs and Border Protection (CBP) is significantly increasing the comprehensiveness and preciseness of information gathered on shipments of cargo entering United States sea ports by enforcing the Importer Security Filing and Additional Carrier Requirements interim final rule.
Secretary Napolitano commented, “Effective homeland security requires strengthening our capabilities to detect and deter potential acts of terrorism at our land, air and sea ports.”
Napolitano continued, “Collecting detailed information about cargo shipped to the United States before it arrives will enhance the effectiveness of our screening operations at sea ports around the nation.”
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Secretary Napolitano Announces Enhanced Screening Measures For Cargo Arriving at U.S. Sea Ports
Department of Homeland Security (DHS) Secretary Janet Napolitano today announced that U.S. Customs and Border Protection (CBP) has begun enforcement of the Importer Security Filing and Additional Carrier Requirements interim final rule—significantly increasing the scope and accuracy of information gathered on shipments of cargo arriving by sea into the United States and bolstering DHS’ layered enforcement strategy to protect against terrorism and other crimes at U.S. ports of entry.
“Effective homeland security requires strengthening our capabilities to detect and deter potential acts of terrorism at our land, air and sea ports,” said Secretary Napolitano. “Collecting detailed information about cargo shipped to the United States before it arrives will enhance the effectiveness of our screening operations at sea ports around the nation.”
CBP will begin graduated enforcement of the rule—which requires importers to provide specific information on their cargo prior to arrival in the United States—today, following a one-year informed compliance period.
The Importer Security Filing and Additional Carrier Requirements—commonly known as “10+2″ in reference to the data required under the rule—are a result of the SAFE Port Act of 2006, which mandated the development of a regulation to require additional data prior to a vessel’s arrival at a U.S. port of entry.
For more information regarding the Importer Security Filing and Additional Carrier Requirements interim final rule go to www.cbp.gov/isf.
Posted by admin | Under OPXS.OB Optex Systems Holdings
Wednesday Jan 27, 2010
Optex Systems Holdings, Inc. today announced financial results for the fiscal year ended September 27, 2009, and the Company is pleased to report revenues increased significantly in fiscal 2009 over fiscal 2008.
Optex Systems, a manufacturer of optical sighting systems and assemblies for the Department of Defense and large defense contractors, attributes increased revenues to growing demand for the Company’s Periscope line, as a result of additional orders from General Dynamic Land Systems, as well as the commencement of direct international sales.
Danny Schoening, COO of the Company, commented, “Optex Systems delivered substantial improvement in its operating results in fiscal 2009. As compared to our prior year performance, we have increased our EBITDA by approximately $2.7 million. This increase is the direct result of increased revenue, higher gross margins and lower general and administrative costs.”
The full text of the article below.
Defense Stocks News – Optex Systems Reports Record Year-End Results
RICHARDSON, Texas – January 12, 2010 – Optex Systems Holdings, Inc. (OTCBB: OPXS.OB), a manufacturer of optical sighting systems and assemblies for the Department of Defense and large defense contractors, is pleased to report the Company’s financial results for the fiscal year ended September 27, 2009.
Revenues increased significantly in fiscal 2009 over fiscal 2008. For the fiscal year ended September 27, 2009 revenues increased by $7.6 million, or 37.8%, over the prior period to $27.6 million from $20 million, respectively. The increase in revenues can be attributed to increased demand for the Company’s Periscope line attributable to additional orders from General Dynamic Land Systems, as well as the commencement of direct international sales. In fiscal 2009, the net loss was reduced by $4.8 million to a net loss of $24,155 in the current fiscal year from a net loss of $4,831,952 in the same period in the prior year.
During the fiscal year ended September 27, 2009, the Company recorded cost of goods sold of $24.8 million as opposed to$18.2 million during the previous year, an increase of $6.6 million. This increase in cost of goods sold was primarily the result of increased revenue in addition to increased non-cash, intangible amortization charges resulting from the acquisition of Optex Systems Inc. (Texas) assets from Irvine Sensors Corporation on October 14, 2008. In fiscal 2009, intangible amortization expense was $2 million and is scheduled to decline significantly to $1 million in fiscal 2010.
Danny Schoening, COO of the Company, commented, “Optex Systems delivered substantial improvement in its operating results in fiscal 2009. As compared to our prior year performance, we have increased our EBITDA by approximately $2.7 million. This increase is the direct result of increased revenue, higher gross margins and lower general and administrative costs. Given the continued success of our turnaround efforts, we expect to improve operating results over the next 12 months as our product mix shifts towards more profitable programs, and we continue to streamline our production and general and administrative areas. In addition, we intend to leverage our strengths to identify new growth areas for the business, both for existing and new customers. Finally, we identified and strategically partnered with other industry players to jointly pursue exciting new bid opportunities that we hope to win in 2010.”
Posted by admin | Under OSIS Osi Systems, Inc.
Wednesday Jan 27, 2010
OSI Systems, Inc. a Hawthorne, California-based company focused on specialized electronics and services, today announced that it has been awarded, through its Rapiscan division, a 10-year contract from the Puerto Rico Ports Authority (“PRPA”) to provide a complete turn-key solution resulting in the scanning of all containerized inbound cargo at the Port of San Juan.
OSI Systems CEO Deepak Chopra stated, “The cargo scanning initiative at the Port of San Juan represents not only a new business model for the Company but a new model in port security as a first-of-its-kind program which would result in the scanning of all inbound containers at high throughput and low cost.”
Ajay Mehra, President of Rapiscan, added, “We specifically targeted the Port of San Juan for this project as one in which we are able to showcase the type of comprehensive, turn-key, custom-tailored solution that is uniquely available from the Company’s Screening Solution business, S2 Global.”
Read the full text of the article below.
OSI Systems (NASDAQ: OSIS) Awarded 10-Year Contract for Cargo Turn-Key Scanning Solution by Puerto Rico Ports Authority
New Business Model for OSI Systems – Fee Per Scan Turn-Key Solution includes Equipment, Operation and Maintenance Services
HAWTHORNE, Calif – January 7, 2010 – OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronics and services, today announced that it has been awarded, through its Rapiscan division, a 10-year contract from the Puerto Rico Ports Authority (“PRPA”) to provide a complete turn-key solution resulting in the scanning of all containerized inbound cargo at the Port of San Juan. Under the terms of the contract, which includes two renewal options for an additional five years each, Rapiscan will provide cargo scanning services using multiple Rapiscan Eagle® high-energy X-ray systems at various locations at the Port of San Juan. The Port of San Juan is a major cargo hub in the Caribbean, handling nearly 1.7 million TEU’s (Twenty-foot Equivalent Units), including both inbound and outbound, in 2008.
OSI Systems CEO Deepak Chopra stated, “The cargo scanning initiative at the Port of San Juan represents not only a new business model for the Company but a new model in port security as a first-of-its-kind program which would result in the scanning of all inbound containers at high throughput and low cost. To fulfill the PRPA’s stringent technical and logistical requirements for this ground-breaking project, we have designed a fast, efficient and comprehensive solution based on our operations expertise and our state-of-the-art Rapiscan Eagle® high energy X-ray systems through the Company’s newly initiated Screening Solution Business, S2 Global.”
“Moreover,” Mr. Chopra continued, “the S2 business substantially expands the size of the market we address, by opening new opportunities with customers who are not in the market for outright ownership of scanning equipment, or are otherwise seeking the efficiencies and operational expertise offered by our turn-key solutions team. As more ports around the world implement U.S.-mandated cargo inspection processes, we expect opportunities for our Screening Solution business to grow. We believe this newly-added business model will, in the long run, significantly enhance our opportunities and financial results in our Security Division.”
Ajay Mehra, President of Rapiscan, added, “We specifically targeted the Port of San Juan for this project as one in which we are able to showcase the type of comprehensive, turn-key, custom-tailored solution that is uniquely available from the Company’s Screening Solution business, S2 Global. The S2 business, led by Jonathan Fleming, former COO of the U.S. Transportation Security Administration, is an important addition to our historically technology-centric, manufacturing-driven business model in that it is a pure service model leveraging our in-house portfolio of leading-edge scanning technologies. This services business is expected to generate comparatively higher margins than equipment sales, and provides a longer stream of revenues for a given sale.”
Director of the Puerto Rico Ports Authority, Mr. Alvaro Pilar-Vilagrán, stated that “the Puerto Rico Ports Authority is implementing this unprecedented scanning program as part of Governor Luis Fortuño’s efforts to reduce crime. The program aims to eliminate the import of drugs, illegal weapons and other contraband into Puerto Rico, while affording the Ports Authority a mechanism to fight tax evasion. The turn-key scanning solution proposed by the S2 division of Rapiscan prevailed in a competitive process as the most effective and efficient means of achieving the PRPA’s requirements. We believe this program will set the standard in port security, and creates a new model for public-private cooperation that achieves rapid implementation with minimum investment by the taxpayers.”
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. We combine more than 30 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. For more information on OSI Systems Inc. or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the company’s expectations, goals or intentions about the future, including, the Company’s contract to provide an integrated turn-key solution through its wholly owned operational subsidiary, S2 Global Inc. The actual results may differ materially from those described in or implied by any forward-looking statement. In particular, the timing, and delivery of the inspection systems may not ultimately remain in line with the company’s current expectations. Other important factors are set forth in the Securities and Exchange Commission filings OSI Systems, Inc. All forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
Posted by admin | Under ICOP Digital Inc.
Tuesday Jan 19, 2010
ICOP Digital, Inc. today announced that Laura Owen, President and COO of ICOP, has been selected to serve on the Joint U.S.-Saudi Business Dialogue Council, which will meet quarterly in 2010, with the inaugural meeting scheduled to take place on January 24.
The council, which is comprised of U.S. and Saudi business executives, was created to develop a “think-tank” that will provide intellectual input into trade policy decisions, improved access to decision-makers through informal initiatives, and insightful commentary on policy proposals that are likely to affect industry and corporate performance. Furthermore, the council will examine opportunities for joint collaboration, as well as debate areas of concern for both sides, and develop mechanisms to effectively address these concerns.
Commenting on her recent appointment, Ms. Owen stated, “It is a tremendous honor to have been selected to serve as a part of the Joint U.S.-Saudi Business Council. It is important that we build strong relationships with the Kingdom of Saudi Arabia in support of our commercial interests for our long-term success in this important market.”
The full text of the article can be found here.
ICOP Executive Appointed to US Saudi Business Council
Inaugural Meeting Scheduled for Jan 24 in Saudi Arabia
LENEXA, KS–(Marketwire – 01/19/10) – ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that Laura Owen, President and COO of ICOP, has been selected to serve on the Joint U.S.-Saudi Business Dialogue Council, which will meet quarterly in 2010.
The inaugural meeting is scheduled for January 24, and will take place at the Council of Saudi Chambers of Commerce, in Riyadh, Saudi Arabia. The main objective of the Council is to create a “think-tank” of American and Saudi business executives that will provide intellectual input into trade policy decisions, improving access to decision-makers through informal initiatives, and speaking out for or against policy proposals that are likely to affect industry and corporate performance. The Council will discuss opportunities for joint collaboration, exchange views on areas of concern to both sides, and come up with a mechanism to develop recommendations to effectively address these concerns.
The program will be opened by leadership from Saudi Arabia, and the Honorable Jim Smith, U.S. Ambassador to Saudi Arabia. Ms. Holly Vineyard, Deputy Assistant Secretary for Market Access & Compliance, U.S. Department of Commerce, will also participate in the event.
Ms. Owen stated, “It is a tremendous honor to have been selected to serve as a part of the Joint U.S.-Saudi Business Council. It is important that we build strong relationships with the Kingdom of Saudi Arabia in support of our commercial interests for our long-term success in this important market.”
Company executives are returning to Saudi Arabia this month to meet with Ministry of the Interior officials regarding the current installation of ICOP units across the country, in addition to discussions for expansion of the project. The ICOP Model 20/20�-W digital in-car video system serves as the core of the solution of the Saudi installation, and is integrated with additional technologies, including license plate recognition (LPR). When the EyeNet LPR has a “hit,” it triggers the ICOP Model 20/20-W to begin recording audio and video. In addition to the existing in-car video solutions installed, Saudi security forces have also installed and been trained on the ICOP iVAULT MMS(TM) (Media Management System) server solution throughout the country.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP – News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.
Disclaimer
Posted by admin | Under AFT Alternative Fuel Technologies
Tuesday Jan 19, 2010
The following article highlights Alternative Fuel Technology, LLC (AFT), a wholly-owned subsidiary of Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announcement today that the Company has been selected for a new U.S. Army Phase 1 SBIR award entitled: “Ultra High Pressure Jet Propellant-8 (JP-8) Fuel Injection System.”
The Department of Defense’ (DoD) Small Business Innovation Research (SBIR) program funds early stage research and development projects and small technology companies. Key objectives of this contract are the design, development and demonstration of an intensified, lube oil actuated common rail injection system capable of producing peak injection pressures of more than 40,000 psi (2800 bar).
“This latest contract was awarded to the Company because of our extensive experience with this type of fuel injection system,” saidJames McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. “It was awarded to us under the DoD’s SBIR program, which funds early stage research and development projects and small technology companies. The SBIR program was funded at approximately $1.2 billion in FY2009, and is part of a larger, federal SBIR program, which is administered by 12 federal agencies and receives more than $2 billion in funding.”
Currently, AFT is also engaged in several other advanced fuel system projects for the U.S. Army including a Phase 2 contract, valued at an estimated $700,000, for the redesign of a commercial diesel common rail pump to lower wear to acceptable levels.
Read the full text of the article here.
Alternative Fuel Technologies, Inc. Awarded New Phase 1 U.S. Army Contract
REDFORD, Mich., Jan. 18 /PRNewswire-FirstCall/ — Alternative Fuel Technology, LLC (AFT), a wholly owned subsidiary of Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announced today that the Company has been selected for a new U.S. Army Phase 1 SBIR award entitled: “Ultra High Pressure Jet Propellant-8 (JP-8) Fuel Injection System.”
“This latest contract was awarded to the Company because of our extensive experience with this type of fuel injection system,” saidJames McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. “It was awarded to us under the DoD’s SBIR program, which funds early stage research and development projects and small technology companies. The SBIR program was funded at approximately $1.2 billion in FY2009, and is part of a larger, federal SBIR program, which is administered by 12 federal agencies and receives more than $2 billion in funding.”
Key objectives of this contract are the design, development and demonstration of an intensified, lube oil actuated common rail injection system capable of producing peak injection pressures of more than 40,000 psi (2800 bar). The system must also be readily adaptable to Army engines. A key design feature of this concept will be the use of AFT’s advanced high pressure Dimethyl Ether (DME) injection pump modified to pump engine lube oil to drive the new injector.
AFT is also engaged in several other advanced fuel system projects for the U.S. Army including a Phase 2 contract valued at more than $700,000 (final award being negotiated) for the redesign of a commercial diesel common rail pump to lower wear to acceptable levels.
The Army uses JP-8 jet fuel for all of its equipment from helicopters to diesel powered trucks and generators. JP-8 presents durability and reliability problems for many types of commercial fuel injection systems.
As part of its SBIR program, the DoD issues an SBIR solicitation three times a year, describing its R&D needs and inviting R&D proposals from small companies — firms organized for profit with 500 or fewer employees, including all affiliated firms. Companies apply first for a six-month to nine-month Phase 1 award of $70,000 to $100,000 to test the scientific, technical, and commercial merit and feasibility of a particular concept. If Phase 1 proves successful, the company may be invited to apply for a two-year Phase 2 award of $500,000 to $750,000 to further develop the concept, usually to the prototype stage.
The Company is uniquely qualified for this project, as Mr. McCandless was a pioneer in this type of diesel fuel injection system.
About Alternative Fuel Technologies, Inc.
Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel — dimethyl ether (DME). The Company has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The Company’s ultimate goal is series production of DME fuel systems for the global automotive market by 2011. For more information, visit http://www.altfueltechnology.com
About DME:
DME is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NOx emissions are lowered dramatically without the use of expensive exhaust aftertreatment devices.
Safe Harbor Statement: Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are “forward-looking” statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.