latest news releases from the newsroom
Nidec-Read Announces Secondary Offering of Its Shares
KYOTO, Japan, Nov. 16, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) announces that Nidec-Read Corporation (the "Company"), one of its consolidated subsidiaries whose shares are listed on the Second Section of the Osaka Securities Exchange (Code:6833), has resolved as follows at a meeting of its Board of Directors held today in connection with the secondary offering of its shares.
Metso Opens New Production Facility in the USA
HELSINKI, Finland, Nov. 16, 2006 (PRIMEZONE) -- Metso Minerals opened yesterday a new production facility and a North American logistics center for crushing and screening equipment in Columbia, South Carolina, USA. The Columbia facility assembles track-mounted crushing equipment and manufactures stationary and mobile screening and vibrating equipment for the aggregates production and construction markets. The total costs of the investment were approximately EUR 8 million including rearrangements in production facilities and logistic functions.
SimpleTech Announces the Single Chip Drive, a Break-Through Solid-State Storage Solution for Embedded and Industrial Applications
MUNICH, Germany, Nov. 16, 2006 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), today announced the Single Chip Drive, a true plug-and-play, solid-state flash drive in a small form factor. The Single Chip Drive combines a standard IDE or USB interface with the latest Single Level Cell NAND Flash technology in a 50-ball BGA package, making it ideal for designers who are seeking high reliability, short design cycles, ease of integration and fast time to market. SimpleTech's patented IC Tower(r) Stacking Technology enables the Single Chip Drive to reach the highest capacity in the industry in this small form factor, with capacities ranging from 128MB to 4GB. SimpleTech will showcase the new Single Chip Drive at the Electronica 2006 conference, Nov 14-17, 2006 at New Munich Trade Fair Center in Munich (Hall 6, Stand 754).
Allot Communications Ltd.
Allot Communications Ltd. Announces Pricing of Initial Public Offering of 6,500,000 Ordinary Shares
HOD HASHARON, Israel, Nov. 16, 2006 (PRIMEZONE) -- Allot Communications Ltd. (Nasdaq:ALLT) today announced the pricing of its initial public offering of 6,500,000 ordinary shares at a price of US$12.00 per share. All of the shares are being offered by the Company. Allot's ordinary shares will be listed on the Nasdaq Global Market under the symbol "ALLT" and will begin trading on November 16, 2006. The closing of the offering is scheduled to take place on November 21, 2006. Allot expects to receive net proceeds from the offering, after deducting the underwriting discount and estimated offering expenses, of approximately US$70.5 million. Allot has granted the underwriters a 30-day option to purchase up to an aggregate of 975,000 ordinary shares to cover over-allotments, if any.
MicroIslet, Inc. Announces Results for Third Quarter 2006
SAN DIEGO, Nov. 15, 2006 (PRIMEZONE) -- MicroIslet, Inc. (AMEX:MII) announced that it filed its Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006 with the Securities and Exchange Commission yesterday. The Company reported a net loss of $8.1 million for the first nine months of 2006 compared to a net loss of $5.8 million during the same period of 2005. Grant revenue was $187,000 and $482,000 for the three and nine months ended September 30, 2006, respectively, and consisted entirely of research grants. No grant revenue was recognized for the first nine months of 2005.