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Yes, Chauncey, our roots remain firm.
EZEN . . . (Ezenia!(R) Inc. and Microsoft Sign a Three-Year Product
Agreement)
BURLINGTON, Mass., Feb 28, 2005 /PRNewswire-FirstCall via COMTEX/ --
Ezenia!
Inc. (OTC Bulletin Board: EZEN.OB), a leading market provider of secure
real-time collaboration solutions for government networks and eGovernment,
announced today that the Company has signed and renewed its software
license
distribution agreement with Microsoft Corporation.
The agreement, effective since January 01, enables the Company to
integrate
Microsoft's web conferencing technology into the Company's LaunchPad and
InfoWorkSpace products. It has a three-year term, which stipulates revenue
commitments from Ezenia in exchange for attractive pricing, and calls for
annual
reviews of business opportunities.
"We are pleased to be working with Ezenia to deliver the value of
Microsoft
conferencing technologies to agencies in the Government market. This
agreement
strengthens our long-term relationship with Ezenia as we work together to
develop and shape the role of real time collaboration applications within
the
enterprise," noted Ashish Gupta, Senior Director of Partner Sales in the
Real
Time Collaboration Group at Microsoft.
"The Company sees encouraging trend and growth potential in its business
with
respect to the InfoWorkSpace product and services into the various
branches of
the Federal government, including the Department of Defense and various
Intelligence agencies," noted Khoa Nguyen, Chairman and Chief Executive
Officer
of Ezenia!, Inc. "This agreement solidifies our long-term partnership with
Microsoft and enables the Company to expand its reach and market
penetration in
the burgeoning federal, state, and local government with our secure
real-time
collaboration solutions," Mr. Nguyen continues. "The Company is excited
with the
new pricing terms and feels confident with its revenue commitments, given
the
momentum achieved thus far and the support from the Real Time
Collaboration
Group of Microsoft."
VLDI
DWMA, bouncable?
I wasn't making it up.
PS -- Yezzz to EZEN
FEMO FEMO FEMO
(That swishing sound is the sound of my trusty stead's panty hose as he goes galloping by . . . )
QMRK
QualMark Corporation Reports Consolidated Fourth Quarter and 2004 Year End Financial Results
Monday February 28, 6:00 am ET
"...2004 profits soared over $1 million and revenue expanded 52%..."
DENVER--(BUSINESS WIRE)--Feb. 28, 2005-- QualMark Corporation (OTCBB:QMRK - News), a world leader in designing, manufacturing and marketing HALT (Highly Accelerated Life Testing) and HASS (Highly Accelerated Stress Screening) systems and providing the world's largest corporations with products that improve product reliability allowing them to get to market faster, today announced consolidated results for the fourth quarter and fiscal year ended December 31, 2004.
For the year, QualMark reported a consolidated net income of $1,502,000, which included a deferred tax benefit of $473,000 and approximately $300,000 of legal expenses, resulting in a basic and diluted income per share of $0.29 and $0.18, respectively, compared with a net loss of ($691,000), which included approximately $630,000 of arbitration and related legal expenses, resulting in a basic and diluted loss per share of ($0.31), in 2003. Total consolidated revenue for the year was $12,012,000 versus $7,895,000 in 2003.
For the fourth quarter, the Company recorded a consolidated net income of $694,000, which included a deferred tax benefit of $473,000, or a basic and diluted income per share of $0.15 and $0.08, respectively, compared with a net income of $118,000 or a basic and diluted income per share of less than $0.01 for the fourth quarter of 2003. Total consolidated revenue for the quarter was $3,235,000 versus total revenue of $2,540,000 in the comparable quarter last year.
Commenting on 2004 results, Charles Johnston, QualMark's President and CEO, stated: "We are excited with the growth of our business during 2004. Our revenue expanded 52% over 2003, with pre-tax profits exceeding $1 million. We continue to aggressively increase our market share around the world, as our core customers have fully adopted the HALT and HASS philosophy. We were extremely encouraged with the domestic and European business during 2004, which we see continuing its momentum into 2005." Mr. Johnston continued, "All vertical markets seem to be expanding their need for HALT and HASS equipment, which include aerospace, defense, medical, telecom, and consumer electronics."
Mr. Johnston concluded: "Our fourth quarter acquisition of ACG Dynamics, Inc. assets increased our fourth quarter revenue by 8% in only six weeks of ownership. ACG also strategically expands our total available vibration market to over $125 million, creates a global service organization for both companies, and reinforces QualMark's market leadership as the vibration testing knowledge leader. ACG's core business complements QualMark's HALT and HASS technology to provide an overall customer reliability solution."
QualMark's quarterly conference call to discuss fourth quarter and year end 2004 results will be held today, February 28, 2005, at 11:00 a.m. Eastern Time.
To participate via conference call, dial 888-318-6430 (if calling from within the U.S.) no later than 10:50 a.m. EST on February 28. The leader name is Charles Johnston. The QualMark security code to access this earnings call is QUALMARK.
Statement of Operations
(Consolidated)
For quarter ended For year ended
December 31, December 31,
2004 2003 2004 2003
--------------------------------------------------
Systems revenue $2,729,000 $2,236,000 $10,570,000 $6,759,000
ARTC service
revenue 263,000 304,000 1,199,000 1,136,000
ACG revenue 243,000 -- 243,000 --
--------------------------------------------------
Total revenue 3,235,000 2,540,000 12,012,000 7,895,000
--------------------------------------------------
Gross profit 1,428,000 1,121,000 5,596,000 3,147,000
Gross profit margin 44.1% 44.1% 46.6% 39.9%
--------------------------------------------------
Income (loss) from
operations 253,000 150,000 1,138,000 (566,000)
Pretax income (loss) 224,000 118,000 1,042,000 (690,000)
Net income (loss) 694,000(b) 118,000 1,502,000(b) (691,000)(a)
==================================================
(a) Includes $630,000 for arbitration related charges
(b) Includes $473,000 for a deferred tax benefit
Earnings Per Share
Reconciling Items:
Preferred stock
dividends (54,000) (51,000) (212,000) (197,000)
Accretion of
redeemable
preferred stock (50,000) (54,000) (214,000) (217,000)
--------------------------------------------------
Net income (loss)
available to common
shareholders 590,000 13,000 1,076,000 (1,105,000)
==================================================
Basic earnings
(loss) per share $0.15 (c) $0.29 $(0.31)
Diluted earnings
(loss) per share $0.08 (c) $0.18 $(0.31)
Basic weighted
average shares
outstanding 3,872,000 3,610,000 3,675,000 3,610,000
Diluted weighted
average shares
outstanding 8,084,000 3,645,000 7,367,000 3,610,000
(c) Amount is less than $0.01 per share
QualMark Corporation, headquartered in Denver, Colorado, is the leader in designing, marketing, and manufacturing accelerated life-testing systems providing the world's largest corporations with products that improve product reliability and allow them to get to market faster. The Company has installed more than 500 of its proprietary testing systems in 22 countries, operates its own testing facilities, and has partner testing and consulting facilities worldwide. The Company also offers engineering services and products that complement its core technologies.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; downturns in the Company's primary markets; variability of order flow; future economic conditions; competitive products and pricing; new product development; disruptions in the Company's operations from acts of God or extended maintenance; transportation difficulties; or the delivery of product under existing contracts and other factors.
Contact:
QualMark Corporation
Charles Johnston, 303-254-8800
Anthony Scalese, 303-254-8800
www.qualmark.com
OT: I thought I was taught some manners in Dallas this last weekend, but I found out from my local newspaper this morning that that isn't the right word.
http://www.borderlandnews.com/stories/living/20050228-29804.shtml
QMRK (knocks it out of the park)
QualMark Corporation Reports Consolidated Fourth Quarter and 2004 Year End Financial Results
Monday February 28, 6:00 am ET
"...2004 profits soared over $1 million and revenue expanded 52%..."
DENVER--(BUSINESS WIRE)--Feb. 28, 2005-- QualMark Corporation (OTCBB:QMRK - News), a world leader in designing, manufacturing and marketing HALT (Highly Accelerated Life Testing) and HASS (Highly Accelerated Stress Screening) systems and providing the world's largest corporations with products that improve product reliability allowing them to get to market faster, today announced consolidated results for the fourth quarter and fiscal year ended December 31, 2004.
For the year, QualMark reported a consolidated net income of $1,502,000, which included a deferred tax benefit of $473,000 and approximately $300,000 of legal expenses, resulting in a basic and diluted income per share of $0.29 and $0.18, respectively, compared with a net loss of ($691,000), which included approximately $630,000 of arbitration and related legal expenses, resulting in a basic and diluted loss per share of ($0.31), in 2003. Total consolidated revenue for the year was $12,012,000 versus $7,895,000 in 2003.
For the fourth quarter, the Company recorded a consolidated net income of $694,000, which included a deferred tax benefit of $473,000, or a basic and diluted income per share of $0.15 and $0.08, respectively, compared with a net income of $118,000 or a basic and diluted income per share of less than $0.01 for the fourth quarter of 2003. Total consolidated revenue for the quarter was $3,235,000 versus total revenue of $2,540,000 in the comparable quarter last year.
Commenting on 2004 results, Charles Johnston, QualMark's President and CEO, stated: "We are excited with the growth of our business during 2004. Our revenue expanded 52% over 2003, with pre-tax profits exceeding $1 million. We continue to aggressively increase our market share around the world, as our core customers have fully adopted the HALT and HASS philosophy. We were extremely encouraged with the domestic and European business during 2004, which we see continuing its momentum into 2005." Mr. Johnston continued, "All vertical markets seem to be expanding their need for HALT and HASS equipment, which include aerospace, defense, medical, telecom, and consumer electronics."
Mr. Johnston concluded: "Our fourth quarter acquisition of ACG Dynamics, Inc. assets increased our fourth quarter revenue by 8% in only six weeks of ownership. ACG also strategically expands our total available vibration market to over $125 million, creates a global service organization for both companies, and reinforces QualMark's market leadership as the vibration testing knowledge leader. ACG's core business complements QualMark's HALT and HASS technology to provide an overall customer reliability solution."
QualMark's quarterly conference call to discuss fourth quarter and year end 2004 results will be held today, February 28, 2005, at 11:00 a.m. Eastern Time.
To participate via conference call, dial 888-318-6430 (if calling from within the U.S.) no later than 10:50 a.m. EST on February 28. The leader name is Charles Johnston. The QualMark security code to access this earnings call is QUALMARK.
Statement of Operations
(Consolidated)
For quarter ended For year ended
December 31, December 31,
2004 2003 2004 2003
--------------------------------------------------
Systems revenue $2,729,000 $2,236,000 $10,570,000 $6,759,000
ARTC service
revenue 263,000 304,000 1,199,000 1,136,000
ACG revenue 243,000 -- 243,000 --
--------------------------------------------------
Total revenue 3,235,000 2,540,000 12,012,000 7,895,000
--------------------------------------------------
Gross profit 1,428,000 1,121,000 5,596,000 3,147,000
Gross profit margin 44.1% 44.1% 46.6% 39.9%
--------------------------------------------------
Income (loss) from
operations 253,000 150,000 1,138,000 (566,000)
Pretax income (loss) 224,000 118,000 1,042,000 (690,000)
Net income (loss) 694,000(b) 118,000 1,502,000(b) (691,000)(a)
==================================================
(a) Includes $630,000 for arbitration related charges
(b) Includes $473,000 for a deferred tax benefit
Earnings Per Share
Reconciling Items:
Preferred stock
dividends (54,000) (51,000) (212,000) (197,000)
Accretion of
redeemable
preferred stock (50,000) (54,000) (214,000) (217,000)
--------------------------------------------------
Net income (loss)
available to common
shareholders 590,000 13,000 1,076,000 (1,105,000)
==================================================
Basic earnings
(loss) per share $0.15 (c) $0.29 $(0.31)
Diluted earnings
(loss) per share $0.08 (c) $0.18 $(0.31)
Basic weighted
average shares
outstanding 3,872,000 3,610,000 3,675,000 3,610,000
Diluted weighted
average shares
outstanding 8,084,000 3,645,000 7,367,000 3,610,000
(c) Amount is less than $0.01 per share
QualMark Corporation, headquartered in Denver, Colorado, is the leader in designing, marketing, and manufacturing accelerated life-testing systems providing the world's largest corporations with products that improve product reliability and allow them to get to market faster. The Company has installed more than 500 of its proprietary testing systems in 22 countries, operates its own testing facilities, and has partner testing and consulting facilities worldwide. The Company also offers engineering services and products that complement its core technologies.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; downturns in the Company's primary markets; variability of order flow; future economic conditions; competitive products and pricing; new product development; disruptions in the Company's operations from acts of God or extended maintenance; transportation difficulties; or the delivery of product under existing contracts and other factors.
Contact:
QualMark Corporation
Charles Johnston, 303-254-8800
Anthony Scalese, 303-254-8800
www.qualmark.com
Good morning, M'Ladies.
EZEN I like it a lot, been holding and added more this am at .77 dip. Right now it's my second favorite EZ company!
EZTO . . . weeeeee!!!!!!!
If we weren't special before we arrived here, we're special now . . .
Morning all . . .
DFNS, yes . . news posted by cintrix, reposted:
DFNS Defense Industries International Receives New Orders Totaling Approx. 2.2 Million Dollars
Business Editors
ASHKELON, Israel--(BUSINESS WIRE)--Feb. 24, 2005--Defense
Industries International, Inc. (OTCBB:DFNS), a leading manufacturer
and global provider of personal military and civilian protective
equipment and supplies, today announced that it has received new
orders totaling approximately $2.2 million.
Two of the orders are first-time orders from two leading
international companies in the personal protective equipment market.
The orders are for bulletproof plates that are used in protective
bullet-resistant vests to increase their level of protection. The two
orders total $1.3 million. The third order is a follow-on order from
the Turkish military, for both bulletproof plates and bullet-resistant
vests. The order is valued at $ 700,000. The plates are all level III
and/or level IV, approved according to NIJ (National Institute of
Justice) standards. An additional order is a follow-on order from a
South American customer. This order is a result of Defense's
reputation and established position in the South American market. All
orders are scheduled to be delivered in the first and second quarters
of 2005.
Commenting on the new orders, Joseph Fostbinder, CEO of Defense
Industries said: "We are very excited about these new orders. Our
technology and design enable the production of superb bulletproof
plates that are safe, lightweight, and comfortable to use. We are
proud to have the manufacturing capacity that enables us to serve our
customers promptly. We look forward to a long and fruitful
collaboration with the two new international clients and hope to
leverage these orders into additional orders in the near future."
About Defense Industries International, Inc.
Defense Industries International, Inc. is a leading manufacturer
and global provider of personal military and civilian protective
equipment and supplies. Defense Industries' main products include body
armor, bomb disposal suits and bullet-resistant vests and jackets;
ballistic wall covers, helmets, plates and one-way protective windows;
personal military equipment, battle pouch units and combat harness
units; dry storage units, liquid logistics, tents and vehicle covers;
winter suits, sleeping bags and backpacks. The Company's manufacturing
facilities meet American EQNET and international ISO 9002 standards.
Main customers include the Israel Defense Forces, the North Atlantic
Treaty Organization (NATO), the United Nations Peacekeeping Forces and
other U.N. organizations. The Company has two main subsidiaries Export
Erez Ltd. and Achidatex Nazareth Elite ltd. For additional
information, please visit the Company's web site at
www.defense-industries.com
Safe Harbor Statement
This press release contains forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995. Certain
statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities laws,
including, without limitation, anything relating or referring to
future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements are
inherently subject to risks and uncertainties some of which cannot be
predicted or quantified based on current expectations. Such risks and
uncertainties include, without limitation, the risks and uncertainties
set forth from time to time in reports filed by the company with the
Securities and Exchange Commission. Although the company believes that
the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove
to have been correct. Consequently, future events and actual results
could differ materially from those set forth in, contemplated by, or
underlying the forward-looking statements contained herein. The
Company undertakes no obligation to update such statements to reflect
events that occur or circumstances that exist after the date on which
they were made.
--30--CA/se*
CONTACT: Defense Industries
Ayelet Shaked Shiloni, 972-3-635-6790
1-866-44-786-33
ayelet@integratedir.com
KEYWORD: ISRAEL INTERNATIONAL AFRICA/MIDDLE EAST
INDUSTRY KEYWORD: AEROSPACE/DEFENSE GOVERNMENT
SOURCE: Defense Industries
Copyright Business Wire 2005
24Feb05 13:01 GMT
Symbols:
us;DFNS
Source BW Business Wire
Categories:
MST/G MST/I/ARO MST/L/EN MST/R/AFR MST/R/IL TGT/BWN
AMLS bird-flue play, yesterdays news . . . missed it
Amersin Subsidiary Receives New Contract for 1.5 Million Ribavirin Injections
Tuesday February 8, 10:00 am ET
NEW YORK, Feb. 8 /Xinhua-PRNewswire-FirstCall/ -- Amersin Life Sciences Corporation (OTC Bulletin Board: AMLS - News), announced today that its subsidiary, Hubei Tongji Benda Ebei Pharmaceutical Co. Ltd, has entered into a sales contract with Zhangjiang Pharmacy Co., Ltd. to supply 1.5 million doses of Ribavirin in injection form.
Zhangjiang Pharmacy is a pharmaceutical distribution company specializing in South East Asia markets including Thailand, Vietnam, and Burma. Many of its customers, especially those from Vietnam and Thailand, are building inventories of antiviral products following recently confirmed human cases of bird flu (H5N1).
"The market demand for our Ribavirin product is strong and continues to grow, further highlighting the effectiveness of management's decision to streamline production, focusing on high demand, profitable products" said Mr. Reid Li, Chairman & CEO of Amersin Life Sciences. "We look forward to working with pharmaceutical distributors, including Zhangjiang, to expand our reach domestically and abroad."
About Amersin Life Sciences Corporation:
Amersin is engaged in the acquisition and vertical integration of operating subsidiaries and controlling joint venture interests in China to include all facets of pharmaceutical life sciences from research through raw materials and dosage form production to distribution. Its recent acquisition of a controlling interest in the profitable Hubei Tongji Benda Ebei Pharmaceutical Co. subsidiary is a cornerstone in its plan to expand through strategic acquisition and vertical integration to become one of the leading American corporations to profit from the burgeoning life sciences sector in China. Shareholders can access further information via the company's website at http://www.amersin.com.
"Safe Harbor" Statement: This news release contains certain "forward- looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the forward-looking statements contained herein. Detailed information about many risk factors are set forth in Amersin's periodic filings with the Securities and Exchange Commission including, but not limited to, those risks and uncertainties listed in the sections entitled "Cautionary Note Regarding Forward-Looking Statements" and "Management's Discussion and Analysis" in Amersin's most recent Quarterly Report on Form 10-QSB. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov or the Amersin web site at http://www.amersin.com. Amersin is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Howard Milne, Corporate Communications
Amersin Life Sciences Corporation
howard@amersin.com
http://www.amersin.com
Voice: 604-881-2899 ext 220
Fax: 604-881-2892
Source: Amersin Life Sciences Corporation
Oh, yes, Missy, I is so glad I didn't buy TALL. I wish I had bought AFPC.
I'm flattered, to be sure, but truth be told, I don't know that I'm feeling confident enough to attempt to seize today as my day. Friday was only one day in a little string of down days for me, and I'm not so certain that little swtreak is over yet. But perhaps I should grab at the opportunity as I'm afraid I shall be absent on Friday as I'm flying to Dallas early that a.m. and am not certain where or when I will establish access when I get there. I'm not worrying about that now . . . a nice day today would be very welcome.
Mornin' all. HLCMSG -- how low can my stocks go. I don't want to know but daily I've been finding out. I had to flee my house early yesterday morning after a tsunami of red crashed thru streamer. Hope I can join you guys in a better day today, but am sceptical thanks to modern problems and current events.
Oh, and, mornin' . . .
XDSL . . .
mPhase Technologies Stages First Public Demonstration in Russia of Carrier-Grade IPTV Services
Tuesday February 22, 9:02 am ET
mPhase's "As You Like It" Services Creation Platform Shows How Telcos Can Easily Offer, Manage and Profit from Custom Premium Program Content
NORWALK, Conn.--(BUSINESS WIRE)--Feb. 22, 2005-- mPhase Technologies (OTC: XDSL - News) this week is staging the first public demonstration of the latest generation mPhase TV+ System, enabling Russian telephone companies to cost-effectively offer premium interactive television services to their broadband customers.
The demonstration is taking place at this week's NORWECOM 2005 trade show in St. Petersburg, Russia, in collaboration with Lucent Technologies.
The mPhase TV+ System takes advantage of Lucent's broadband access technology used for high speed Internet data access. The integrated solution enables telephone companies to reap additional revenues from a pre-configured system for Internet Protocol television (IPTV) services, including video-on-demand that subscribers can order for an additional fee.
The mPhase TV+ System features a comprehensive As You Like It(TM )services creation platform that takes advantage of IP addressing of the set top box provided to each subscriber. "This competitive advantage gives broadband providers the power to target video programs to specific customer segments, create compelling video-on-demand or interactive e-commerce services, and easily manage them through a centralized service control center," noted Ron Durando, CEO of mPhase Technologies.
With standard interfaces to existing phone company operations system support systems (OSS), including maintenance and billing functions, the mPhase TV+ System enables telephone company technicians to add and customize new capabilities. For example, the optional electronic program guide displays Cyrillic characters and is customized for the Russian market with Russian language technical support.
The mPhase TV + System is built around an innovative cluster architecture that helps technical personnel manage subscribers, monitor alarm messages and billing information and have a view into all network elements. Each central office-based cluster is designed to control and integrate video-on-demand and program information elements and the video head end encoding systems. Network planners can distribute the clusters to optimize the load balancing of the network resources for capabilities like content distribution. Through this segmentation, technicians can better manage subscriber demand and establish quality of service criteria against failover.
The mPhase TV+ System was selected by Lucent Technologies as the integrated IPTV platform for a network the company is deploying for a major Russian telephone company.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTC: XDSL - News) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS, designed to help service providers lower the provisioning and operating costs associated with DSL. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative long, life power cell.
More information is available at the mPhase Web site at www.mPhaseTech.com.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of both companies in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
Contact:
Sam Gronner, TMI
(201) 592-7896, sam@technovative.com
QMRK . . .
BAE Systems Purchases Large, Specialized Electrodynamic Amplifier from QualMark Corporation
Tuesday February 22, 6:00 am ET
DENVER--(BUSINESS WIRE)--Feb. 22, 2005--QualMark Corporation (OTCBB: QMRK - News) the world leader in designing, marketing, and manufacturing accelerated life-testing systems, today announced the six-figure sale to BAE Systems, North America through its recently acquired subsidiary, QualMark ACG Corporation. The sale to BAE included a highly specialized electrodynamic power amplifier that provides 1800 Amps at 120V, which is used in conjunction with an electrodynamic system to test general aerospace equipment. These types of tests primarily exist and are driven by military required specifications.
This order marks the largest specialty power amplifier that ACG Dynamics has ever produced and opens the door for even larger power amplifiers when the industry demands.
"Receiving this large, specialty order from BAE Systems strengthens our overall position in the aerospace industry for both QualMark Corporation's accelerated life-testing systems and QualMark ACG Corporation's electrodynamic systems and components," said Charles Johnston, President and CEO of QualMark. "The initial performance by our subsidiary, QualMark ACG Corporation, is very encouraging and continues to solidify our strategic acquisition objectives and growth potential of the Connecticut based company."
About QualMark
QualMark Corporation, headquartered in Denver, Colorado, is the leader in designing, marketing, and manufacturing accelerated life-testing systems, providing the world's largest corporations with products that improve product reliability and allow them to get to market faster. The Company has installed more than 500 of its proprietary testing systems in 22 countries, operates testing facilities and has consulting facilities worldwide. The Company also offers engineering services and products that complement its core technologies.
QualMark ACG Corporation, headquartered in West Haven, Connecticut, is the leader in supplying electrodynamic systems, components, and service to the worldwide vibration test equipment market. QualMark ACG provides turn-key vibration testing systems consisting of factory rebuilt/upgraded electrodynamic systems, new QualMark ACG built solid state power amplifiers and new digital vibration controllers. For over 30 years, QualMark ACG (formerly ACG Dynamics, Inc.) has been supplying quality replacement parts and field service for most brands of vibration equipment.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; downturns in the Company's primary markets; variability of order flow, future economic conditions; competitive products and pricing; new product development; disruptions in the Company's operations from acts of God or extended maintenance; transportation difficulties; or the delivery of product under existing contracts and other factors.
Contact:
QualMark Corporation
Charles Johnston, President and CEO, 303/254-8800
or
Anthony Scalese, CFO, 303/254-8800
www.qualmark.com
And three days of it . . . havea great weeeeeekend everyone.
EZTO ... how high will this go? (different list.)
I did, but they don't seem to help in getting me up today.
Short chickens.
TVIN -- Am I right to see support, and a bounce, at around 4.25.
Out of bed with three (3) mins to go. Early bird . .
It was only commentary. I knew if I went out and got some tacos it would have rebound by the time I returned. Voila.
thru thick and thin.
EZEN . . . a better EZ..
where's he live?
EZTO ... large negative volume in the last 20 mins. That's the cherry on my day.
Nothing like being made to feel special, but the weekend is coming up and I need to make some money today.
Morning, gang.
VVUS is heading up.
I LUV it to. (God bless Southwestern Airlines.) Well, got a big date tonight. Adieu.
I'll throw all those starlets overboard for you. What have they ever done for me?
Either of you can kiss me anywhere you want.
I have just received a private heads up on AFPC. Any insights.