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Spirent Federal GPS Simulation System Selected by Naval Air Systems Command (NAVAIR) United Industrial Reports Net Income of $8.6 Million on Revenue of $137.6 Million in the First Quarter of 2006
Spirent Federal, a leading provider of GPS satellite simulators, today announced that the U.S. Navy's Naval Air Systems Command PMA209 Common System Integration Lab in Patuxent River, Md., has purchased and taken delivery of a Spirent Simulation System that will be used for testing a variety of GPS Receivers. Satelinx's (OTC: SLXI) Board of Directors yesterday approved the formal agreement in principle between CQIP and Satelinx whereby CQIP has agreed to invest into Satelinx through a combination of transfer of assets and funding. The completed transaction will bring into Satelinx assets of over 100 million U.S. and 25 million U.S. in cash. In exchange CQIP will receive shares of Satelinx representing 51% of the total issued and outstanding shares of Satelinx at the time of the closing. The agreement still requires shareholder approval and the approval of the CQIP. Closing is expected to take place by June 01, 2006. To view the full report for SLXI visit
www.stocksjournal.com
MachineTalker, Inc. (OTCBB: MTKN), developer of smart wireless security networks, today introduced an expanded set of capabilities for its flagship MachineTalker series of networked wireless communication devices. The new product, in concert with a MachineTalker, is capable of simultaneously monitoring multiple parameters, processing and assessing data content, and taking autonomous action. United Industrial Corporation (NYSE: UIC) today reported financial results for its first quarter ended March 31, 2006. The continuing operations of the Company consist of two business segments: Defense and Energy. The Company designs, produces, and supports defense systems. Its products and services include unmanned aircraft systems, training and simulation systems, automated aircraft test and maintenance equipment, armament systems, logistical and engineering services, and other leading edge technology solutions for defense needs.
Source: Equity IR News (May 8, 2006 - 2:01 PM EDT)
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