latest news releases from the newsroom
Securities Lending Innovator Quadriserv, Inc. Announces Plans to Launch Centralized Securities Lending Marketplace
NEW YORK, Oct. 9, 2008 (GLOBE NEWSWIRE) -- Quadriserv, Inc. announced today that it is working with The Options Clearing Corporation ("OCC") on an agreement to operate a centralized securities lending platform. The OCC would provide clearinghouse services for all securities lending transactions submitted through Quadriserv's AQS(tm) securities lending platform, bringing market structure, transparency and efficiency to borrowers and lenders of securities.
Globalstar Singapore Satellite Gateway Now Operational
MILPITAS, Calif., Oct. 9, 2008 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), the world's largest provider of mobile satellite voice and data services to businesses, governments and individuals, today announced its newly completed gateway or ground station located in Singapore is now operational. The new gateway provides Globalstar satellite coverage throughout Singapore, Malaysia, and significant portions of Indonesia, and much of the surrounding maritime region including the Strait of Malacca. Singapore Telecommunications Limited (SingTel) has commenced operating the gateway located at SingTel's Seletar Satellite earth Station facility and is preparing to launch Globalstar satellite services by the end of 2008.
T-3 Energy Services, Inc.
T-3 Energy Services, Inc. Receives Purchase Order for Diamond Series Double Ram Subsea BOPS
HOUSTON, Oct. 9, 2008 (GLOBE NEWSWIRE) -- T-3 Energy Services, Inc. ("T-3 Energy") (Nasdaq:TTES) announced today that it has received a purchase order for two 18 3/4" - 10,000 psi T-3 Model 6012 Diamond Series(r) Double Ram Subsea Blowout Preventers (BOPs). These subsea pressure control products will be fitted with standard operators for normal well control operations with the exception of the upper ram cavity which will be fitted with larger bore shear operators. These larger bore products close and shear the drill string, forming a positive seal off at the well bore to shut in the well during emergency situations. The total package order is in excess of $3 million. The destination for these products will be drilling operations offshore Brazil.