latest news releases from the newsroom
Technest Holdings, Inc.
Technest Continues Support of U.S. Army's Night Vision and Electronic Sensors Directorate for Sensors Used in the Detection of Explosives
BOSTON, Jan. 8, 2007 (PRIME NEWSWIRE) -- Technest Holdings, Inc. (OTCBB:TCNH), a defense and homeland security company, announced today that its wholly-owned subsidiary, EOIR Technologies, received a new funding award from the U.S. Army's Night Vision and Electronic Sensors Directorate ("NVESD") to provide technical and field engineering support services to the U.S. Department of Defense's Joint Unexploded Ordnance Center of Excellence ("JUXOCO"). EOIR will provide research, development, testing and evaluation of equipment to enhance the detection and clearing of unexploded ordnance hazards around the world.
Ener1 Group, Inc. Raises $5.5 Million in Equity Private Placement
FORT LAUDERDALE, Fla., Jan. 8, 2007 (PRIME NEWSWIRE) -- Ener1 Group, Inc. completed a $5.5 million private placement transaction to provide further investment capital for its alternative energy investment portfolio. Approximately $4 million of the proceeds was invested in Ener1, Inc. (OTCBB:ENEI), which is developing leading technologies in advanced lithium batteries for hybrid electric vehicles (HEVs) and fuel cells.
Foundry Networks, Inc.
NutriSystem Boosts Health of Online Business With Foundry Application Acceleration
SANTA CLARA, Calif., Jan. 8, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced that NutriSystem (Nasdaq:NTRI), a leading provider of weight management products and services, selected Foundry's ServerIron(r) high-performance application acceleration and switching solutions to efficiently deliver online weight loss management tools and ordering to hundreds of thousands of health conscious customers. Foundry's application delivery solutions allowed NutriSystem to cater to the demands of its rapidly growing customer base by implementing a scalable and high-performance online application for order entry.