latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman to Provide Temporary Housing for More Than 1,000 Gulf Coast Employees; Ship Systems Employees Should Report to Work
PASCAGOULA, Miss. Oct. 13, 2005 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) is making final arrangements to provide on-site temporary housing for more than 1,000 returning employees at its shipyards in New Orleans and Pascagoula. Because the provision of temporary housing is a key factor in supporting the returning workforce after the impact of Hurricane Katrina, the company is also working directly with government agencies and their contractors, as well as non-profit agencies, to expedite the processes by which families in communities surrounding the shipyards get the temporary housing they need to resume some level of normalcy in their lives.
Flint Telecom Group, Inc.
Nippon Denwa Shisetsu Partners With Semotus for Advanced System Integration
LOS GATOS, Calif., Oct. 13, 2005 (PRIMEZONE) -- Clickmarks, a wholly-owned subsidiary of Semotus Solutions (AMEX:DLK) announced today that Nippon Denwa Shisetsu (NDS) has agreed to be a reseller and System Integration Partner for Clickmarks in Western Japan. In addition, NDS has also purchased software licenses for the Clickmarks Enterprise Suite which will be deployed as part of an eGovernment project currently under development with local Japanese governments.
Galapagos Declares the Offer for BioFocus Unconditional as to Acceptances
MECHELEN, Belgium, Oct. 13, 2005 (PRIMEZONE) -- Galapagos (Euronext Brussels: GLPG) (Euronext Amsterdam - GLPGA) announces that on October 12, valid acceptances had been received for 12,552,464 BioFocus shares, representing approximately 76.9% of the issued share capital of BioFocus plc. Based on this acceptance level, the Board of Galapagos has declared the offer unconditional as to acceptances."We are very pleased with this acceptance level and look forward to realizing the synergies of the enlarged group", said Onno van de Stolpe, Chief Executive Officer of Galapagos. "In our opinion, the acceptance level of the offer, combined with the favourable reaction of the financial markets and analysts, are a strong endorsement for the strategic rationale to combine the two companies and create an integrated drug discovery engine."
Nomination Procedure Ahead of Industrivarden's 2006 Annual General Meeting
STOCKHOLM, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Industrivarden's 2005 Annual General Meeting resolved to authorize the Chairman of the Board to appoint at least four members from among the major shareholders' representatives, who are not directors on Industrivarden's board, to form with the Chairman a nomi-nating committee for the next election of directors.
Precise Biometrics AB
Precise Biometrics Acquires Remaining Shares in Loqware Sweden AB
LUND, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Precise Biometrics AB (publ), which develops and markets world-leading, user-friendly biometric security solutions based on fingerprint recognition and smart cards, is now acquiring the remaining 6 % of shares in the Swedish company Loqware Sweden AB. Payment comprises a new issue of shares in Precise Biometrics.At the beginning of August, Precise Biometrics acquired 94 % of the shares in Loqware Sweden AB from its principal owner Lars Grundin. The remaining shares were owned by ten or so private individuals, who were invited to sell their shares subject to the same terms and conditions as Lars Grundin. For each holding of 50,000 shares in Loqware Sweden AB, the shareholders were offered remuneration comprising 3,750 shares in Precise Biometrics AB. Now that all shareholders have chosen to sell shares for payment in shares in Precise Biometrics, there will be a new issue of 71,250 shares in Precise Biometrics, which equates to approximately SEK 580,000. The new share issue will be undertaken within the framework of the authority granted by the annual general meeting back in the spring.
Innovation Award to Volvo Penta IPS
GOTEBORG, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Volvo Penta IPS was awarded ``The Best Technological Innovation Trophy" at the international boat show currently being held in Genoa, Italy.
Atlas Copco to Acquire Compressed Air Treatment Company in the United States
STOCKHOLM, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Atlas Copco North America Inc. has signed an agreement to acquire Pneumatech Inc. and ConservAIR Technologies Company LLP, of the United States. The companies have a consolidated turnover of approximately MSEK 140 (MUSD 18) and 175 employees. The expected closing date of the acquisition is October 31, 2005.