latest news releases from the newsroom
Kreatel signs agreement with Telefonica
LINKOPING, Sweden, June 23, 2003 (PRIMEZONE) -- Kreatel Communications AB, leading provider of solutions for TV-centric services in IP networks, has signed an agreement with Telefonica, the leading telecommunications operator in the Spanish- and Portuguese-speaking world. Kreatel is to provide its TV software platform and IP-based set-top boxes (IP-STBs) in Telefonica's launch of TV services over ADSL.
Statoil Acquires Gas Assets in Algeria
OSLO, Norway, June 23, 2003 (PRIMEZONE) -- Statoil (OSE:STL) (NYSE:STO) and BP have today, 23 June, signed an agreement whereby Statoil will acquire 49 per cent of BP's interests in the In Salah gas project and 50 per cent of BP's interest in the In Amenas gas project, both in Algeria. For this, Statoil will pay BP USD 740 million. As part of the agreement, the two companies will work together with Sonatrach, the Algerian State Oil and Gas Company, in a joint operation of the two projects under development in Algeria.
Precise Biometrics AB
BNX Systems and Precise Biometrics Combine Technologies to Provide Advanced Authentication Solutions
LUND, Sweden, June 23, 2003 (PRIMEZONE) -- Precise Biometrics AB (publ) (Other OTC:PBMTF), developer and provider of world leading and user-friendly biometric security solutions based on fingerprints, today announced a new initiative with BNX Systems(TM), a provider of identity management solutions for enterprise and Internet Security. Under the terms of the agreement, BNX will integrate Precise Biometrics' technology with its Identity Management Suite as its premier fingerprint device and resell the products to its customers. The joint BNX-Precise Biometrics offering will enable organizations to increase security through conclusive identity verification; enhance user convenience through faster logon times; and reduce costs by mitigating password resets and other administrator support.Following the initial product integration, to be completed in July 2003, BNX customers will be able to deploy Precise Biometrics' Precise BioMatcha Match-on-Server/PC fingerprint recognition technology for governing access to enterprise applications and resources. Subsequent product integration will include Precise Biometrics' software for storing and matching fingerprints on smart cards, Precise Match-on-Carda.
Peab to build a by-pass road in Skultorp
FOERSLOEV, Sweden, June 23, 2003 (PRIMEZONE) -- Peab has won the contract to build one more part of the by-pass road in Skultorp, south of the city of Skovde. The client is the Swedish National Road Association and the contract amounts SEK 153 million.
Carlsberg A/S -- Discussions in Asia
VALBY, Denmark, June 23, 2003 (PRIMEZONE) -- As stated in the preliminary profit statement 2002 of 20 February 2003, the final transfer of activities/companies to Carlsberg Asia Pte Ltd. was expected to be completed during the first half of 2003.
Allied Irish Banks, p.l.c.
Allied Irish Banks, P.L.C. Purchase of Own Shares
DUBLIN, Ireland, June 23, 2003 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on 20 June 2003, it purchased 2,625,100 of its ordinary shares, at an average price of Euro 13.0566, to be held as treasury shares.
Phytopharm Plc -- Collaboration with OPTIMA (University of Oxford) to Advance the Development of PYM50028 as a Treatment for Dementia
Cambridge, U.K., June 23, 2003 (PRIMEZONE) -- Phytopharm plc (LSE:PYM) (Other OTC:PHYOF) announces today that it has entered into an agreement with the Oxford Project to Investigate Memory and Ageing (OPTIMA) regarding the clinical development of PYM50028, its novel oral treatment for dementias including Alzheimer's disease. Under the joint leadership of Professor David Smith (Project Leader, OPTIMA) and Professor Robin Jacoby (Principal Investigator), OPTIMA will enrol patients with memory impairment into the Phase II proof of principle study, which is expected to commence dosing in Q4 2003.
Credit Suisse Group
Credit Suisse Group: Winterthur Group to Sell its Italian Operations to Unipol
ZURICH, Switzerland, June 23, 2003 (PRIMEZONE) -- Winterthur Insurance, a subsidiary of Credit Suisse Group (NYSE:CSR) (Other OTC:CSGKF), has signed an agreement to sell its insurance operations in Italy to Unipol for total consideration of EUR 1.465 billion in cash. The transaction will significantly strengthen the capital position of Winterthur. Subject to regulatory and anti-trust approvals, the transaction is expected to be completed in the second half of 2003.A total consideration of EUR 1.465 billion will be payable in cash at completion, of which 90% will be paid directly by Unipol Assicurazioni SpA and 10% by its majority shareholder Finsoe SpA. Together with the sale of Churchill announced on June 11, 2003, the transaction will substantially strengthen Winterthur Group's solvency capital by approximately CHF 3.5 billion. Furthermore, the sales will result in a capital gain of over CHF 1 billion after tax upon closing in the second half of 2003.