IRVINE, Calif., Feb. 2, 2009 (GLOBE NEWSWIRE) -- In a deep recession, simply holding your ground might be considered a win as others falter. Making progress on furthering the company's business plan is something far more notable.
With the homeland defense sector always redefining itself through new technology and an ever-changing geopolitical climate, investors must be vigilant in identifying companies creating new alliances, opportunities, and inevitably, revenue streams. Those that can do so in this economic climate should warrant the market's attention.
Recent announcements from 4C Controls, Inc. (OTCBB:FOUR), may well meet that attention-earning criteria, despite the company being fairly quiet throughout the fourth quarter. The releases, individually and collectively, appear to qualify as marks of progress.
Last week, 4C Controls announced the signing of a major strategic alliance and distribution agreement with e-GEOS, the recently formed joint-venture between Telespazio s.p.a. and the Italian Space Agency. The 10-year distribution agreement, estimated to generate over $230 million, is a milestone in the execution of 4C Control's business strategy and establishes 4C Control's first-to-market position with the commercial distribution of high resolution satellite SAR and optical images.
Earlier today, 4C announced the formation of three important strategic operating unit companies which will further support the company's growth strategy and expansion plans to become a full spectrum provider of turnkey integrated solutions for sophisticated high-technology systems, including but not limited to, civil and homeland security and defense. Each of the three new operating unit companies have been formed with partners who have extensive successful track records and experience, with highly professional management, engineering, and project implementation skills.
Moreover, each of the new operating units are majority owned subsidiaries of 4C Controls and are based in Greece. The high engineering skills and cost efficiencies in Greece are expected to significantly enhance the anticipated profitability of company projects. Formation of the business units also reflects the first steps of anticipated acquisition of direct majority stakes by 4C Controls in the operating unit partners.
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