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jjr19

08/19/09 4:49 PM

#4288 RE: look1 #4287

Does anyone have any further information on the Third Phase Military Contract Solomon was awarded? I don't know how long the third phase was anticipated to take, but we're closing on 1 year.

I also came across the following while trying to find some information....apparently Solomon didn't find this worthy of publicizing when it happened as neither is much money but it seems note worthy. This is taken from Buisnessweek.com, the link is below;

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=839691


Key developments for Technipower LLC


Technipower Wins $48,360 Contract for Power Supply
11/7/2008
The Defense Logistics Agency has awarded a $48,360 contract to Technipower LLC, Danbury, Conn., for power supply. The contract was awarded by the DLA's Defense Supply Center, Richmond.

Technipower Wins $52,290 Contract for Power Supply
10/30/2008
The Defense Logistics Agency has awarded a $52,290 contract to Technipower LLC, Danbury, Conn., for power supply. The contract was awarded by the DLA's Defense Supply Center, Richmond.

Technipower Wins Third Phase Military Contract
09/4/2008
Solomon Technologies Inc. announced that its Technipower LLC has been awarded a third phase contract to develop and supply additional power supplies for a new advanced vehicle launch ordinance system for the United States military. Technipower was awarded the first phase contract in February of 2007 and the second phase in June of 2008. The new initiative will increase launch trajectory accuracy, replacing a decades old system on one of the military's primary light mobile bombardment platforms. Technipower's proposal not only provided a robust, innovative power system, but also was responsive to the contractor's need for a highly manufacturable, cost effective solution. If the military selects the new system for future field deployment, the production contract could be substantial over a number of years.