latest news releases from the newsroom
Saab and Smiths Signs Contract for Avionics Equipment for Boeing 787
LINKOPING, Sweden, Oct. 21, 2005 (PRIMEZONE) -- Saab has received an order from Smiths Aerospace, Wolverhampton, UK, for High Lift Actuation System equipment for the Boeing 787 commercial aircraft. The order value is initially estimated at 8 MUSD, but over life time the contract could be worth in the area of 50 MUSD, depending on the total volume of B787 aircraft sales.
Gridline Communications Holdings
Gridline Set to Introduce Broadband over Power Lines (BPL) Technology to Wall Street at Upcoming Venture Forum in New York
SUGAR LAND, Texas, Oct. 21, 2005 (PRIMEZONE) -- Gridline Communications Holdings Inc., a publicly-held Delaware corporation, announced today that the company has been selected to present its Broadband over Power Lines (BPL) technology business at the prestigious, invitation-only Private Equity XIV: National Venture Forum on November 16, 2005, in New York, NY. This event will allow Gridline to introduce itself and its cutting edge technology to a large, receptive audience of some of the most influential decision-makers in the business and venture capital world as well as a significant group of large private investors.
Sagient Research Systems
Sagient Research Announces Approval of Reverse Stock Split and Going Private Transaction
San Diego, Oct. 21, 2005 (PRIMEZONE) -- Sagient Research Systems, Inc. (OTCBB:SRYS), a leading publisher of independent research for financial services companies and institutional investors, today announced that the Company's Board of Directors, and a majority of its stockholders, have approved a 1-for-101 reverse stock split. Under the terms of the reverse stock split, each 101 shares of the Company's common stock will be converted into one share of common stock and holders of less than 101 shares of common stock prior to the reverse stock split will receive $0.12 per share. Following the reverse stock split, the Company will effect a 101-for-1 forward stock split so that the number of shares held by each holder of at least one share of common stock after the reverse stock split will ultimately be unchanged.