InvestorsHub Logo
Followers 7
Posts 462
Boards Moderated 0
Alias Born 11/25/2003

Re: GIBBER post# 3275

Sunday, 12/16/2007 1:14:37 PM

Sunday, December 16, 2007 1:14:37 PM

Post# of 11478
Gibber...there are lots of other things to consider as well..i am surprised no one has commented on this portion of the NR..
THIS is huge for Atoll....as well Atoll did NOT get the $100 million dollar contract,but will recieve a portion of it as some of it involves Proprietory drawings and parts than belong to Atoll,i think much bigger things are in the pipe for Atoll than just this contract..

Atomenergomash

Atoll continues to develop its relationship with Atomenergomash (AEM) through the existing joint venture between Atoll and Atomenergomash. AEM is a state producer of parts for nuclear power plants and they anticipate investing one billion dollars over the next two years for modernization and widening their portfolio of industrial assets. Atoll was recently asked to appoint one of its representatives as Chief of Operations of the joint venture. Atoll and AEM will be working together through the joint venture on future opportunities in the markets that can be served by Atoll products and engineering capabilities.