latest news releases from the newsroom
Ossur to acquire Generation II Group
REYKJAVIK, Denmark, Sept. 26, 2003 (PRIMEZONE) -- Ossur hf. (symbol HL/OSSR), announced today that the Company has signed a definitive agreement to acquire the Generation II Group, a leading North American developer and manufacturer of orthotic knee braces, for $31 million.
Teligent acquires Telspec's switching business unit
STOCKHOLM, Sweden, Sept. 26, 2003 (PRIMEZONE) -- Teligent (Pink Sheets:TLIGF) strengthens its position within Value Added Services for network operators through an acquisition of British Telspec's business unit for Switching & IN solutions. The business unit has 55 employees and has had an average annual turnover during recent years of approx. 4-5 million of which on-going support contracts have accounted for approx. 1.6 million. The major reference installation of the business is a Mass Calling Service installation contracted with BT. It is a vital network based solution in the British telecom network for the handling of high quantity calls, e.g. voting and competitions of the type popular in various TV productions. Important products besides the Mass Calling / Tele Voting are IPS (Intelligent Programmable Switch) and DISP (Distributed Intelligent Service Platform). Network operators such as BT, BT Ignite and other British and Russian operators are found among the business unit's customers and interesting market positions have been built up in England, Malaysia, Spain and Russia.
Sectra releases high availability PACS for Windows
LINKOPING, Sweden, Sept. 26, 2003 (PRIMEZONE) -- The Swedish IT and medical technology company Sectra, has widened its product offering by releasing a true, high availability Windows(r)-based enterprise PACS (Picture Archiving and Communication System) for large hospitals and hospital chains.
Lansforsakringar Bank expands MTN program
STOCKHOLM, Sweden, Sept. 26, 2003 (PRIMEZONE) -- In January, Lansforsakringar Bank launched an MTN program for ongoing borrowing on the Swedish capital market. Initially the MTN program had a limit of SEK 3 billion. This limit is now being increased to SEK 7 billion. New participant in the program is Danske Bank. Foreningssparbanken is the Lead Arranger and the other participants in addition to Danske Bank and Foreningssparbanken are Nordea, SEB and Handelsbanken.
Extraordinary general meeting in Pyrosequencing AB
UPPSALA, Sweden, Sept. 26, 2003 (PRIMEZONE) -- Pyrosequencing AB (Stockholm:PYROA) (Other OTC:PYRSF) announces that the extraordinary general meeting of shareholders in Pyrosequencing AB ("Pyrosequencing") held on September 25, 2003, in accordance with previously announced proposals, adopted resolutions to issue new shares and debentures together with warrants. This will make possible the payment to shareholders in Personal Chemistry i Uppsala AB ("Personal Chemistry") in connection with Pyrosequencing's acquisition of Personal Chemistry.
XsunX-Sun River Launches Website
SANTA MONICA, Calif., Sept. 25, 2003 (PRIMEZONE) -- XsunX-Sun River (OTCBB:SUNR) announced today that the company's new website is up and running at www.XsunX.com. The site provides insight into the company's technology and lays out the strategy for development and sale of its breakthrough technology to produce solar electric glass.