latest news releases from the newsroom
SmallCap Sentinel: Can Bush Still Afford to Oppose Stem Cell Research?
IRVINE, Calif., Sept. 22, 2005 (PRIMEZONE) -- "Amid what appears to be breakthrough after breakthrough and facing domestic crises as a result of hurricanes that have destroyed parts of the south while simultaneously injuring the presidents' approval numbers, one wonders if President Bush can afford to oppose controversial elements of stem cell research," stated SmallCap Sentinel analyst D.R. Clark. "The recent breakthrough in the rehabilitation of paralyzed mice walking again as a result of human stem cells paints a rosy picture of the possibilities. Can Bush afford to be viewed as a president who is opposed to any element of this study?"
SmallCap Sentinel: Analyst's Report on Energy Market Made Available
IRVINE, Calif., Sept. 22, 2005 (PRIMEZONE) -- The informational report "Batter Up! Analysis of the Energy Market" has been made available free of charge at www.SmallCapSentinel.com and will offer research related to the petroleum and energy market by CK Cooper oil and gas analyst Phil McPherson, who has been described by Zach's as a "Five Star Analyst."
Autoliv Opens New Plants in Romania
STOCKHOLM, Sweden, Sept. 22, 2005 (PRIMEZONE) -- After only eight months of construction work, Autoliv Romania -- a subsidiary of Autoliv Inc. (NYSE:ALV) and (SSE:ALIV) the worldwide leader in automotive safety -- inaugurated today two new production facilities on its premises in Brasov. One of the new facilities, a weaving plant, will increase Autoliv's annual capacity for seatbelt webbing for the European market by 20%. The second facility will double Autoliv's seat belt manufacturing capacity in Romania. Total capital expenditures for these two facilities amount to approximately $22 million.
Saab Wins MSEK 350 Contract for Surface-to-Surface Missile System for German Navy
LINKOPING, Sweden, Sept. 22, 2005 (PRIMEZONE) -- Today the procurement contract for the heavy-weight anti-ship Missile System RBS15 Mk3 from Saab was signed by the German Federal Procurement Agency and prime contractor Diehl BGT Defence. The value of the contract for Saab Bofors Dynamics, who is the system design authority, is MSEK 350. The co-operation agreement with Diehl BGT Defence encompasses development, production and marketing.
New Intentia Rental Services Solution Removes Blind Spots in Rental Business
STOCKHOLM, Sweden, Sept. 22, 2005 (PRIMEZONE) -- Intentia, a global provider of enterprise solutions, has announced the first product service management (PSM) solution developed specifically for the rental industry. The new Intentia PSM solution helps eliminate information "blind spots", a major barrier that prevents many rental companies from optimizing day-to-day performance in order to generate additional revenue and profit, as well as develop and sell new services in a rapidly growing market.(a) Information blind spots prevent managers from getting a complete picture of the business and how it operates, as well as a detailed profile of customers and demand in order to forecast the service levels required accurately. Intentia PSM unites the business into a single, integrated entity, with each part working together with the others to optimize resources, assets and day-to-day performance.
Frontline -- Bergshaven Acquisition
HAMILTON, Bermuda, Sept. 22, 2005 (PRIMEZONE) -- We refer to the press release issued June 15 2005 where it was disclosed that Frontline had entered into an agreement to buy 60% of the shares in Bergshaven. The transaction was to be executed subject to pre-emption right by Bergshaven's existing shareholders. It is now evident that the existing holders would use this right to acquire most of the shares. Frontline will thereby not complete the purchase but will receive a financial compensation of approximately USD 6.4 million for initiating the transaction. The compensation will be recorded in the third quarter results.
The 1,000,000 Haldex Coupling for All Wheel Drive Produced and Delivered to the New Volkswagen Passat
STOCKHOLM, Sweden, Sept. 22, 2005 (PRIMEZONE) -- Haldex Traction Systems, a division in the Haldex group, has since the first Haldex Coupling was produced in 1998 been producing one million Haldex Couplings in total by September 23. 2005. It started with the VW Golf and Audi TT in 1998 and the latest model now equipped with Haldex Coupling is the new VW Passat, which also will be the receiver of the millionth Haldex Coupling. The organic growth of the Haldex Traction Systems continues and the turnover for 2005 will be close to 800 MSEK.