Investorideas.com News - Security Stocks; Visualant, Inc. (OTCBB:VSUL) Demonstrates Spectral Pattern Matching Technology in Japan
Security Stocks; Visualant, Inc. (OTCBB:VSUL) Demonstrates Spectral Pattern Matching Technology in Japan
Visit this company: www.visualant.net
SEATTLE - November 24, 2010 (Investorideas.com Defense Newswire) - TransTech Systems, Inc. a subsidiary of Visualant, Inc. (OTCBB:VSUL.ob), a pioneer provider of industry-leading identification solutions, announced today that Jim Gingo, President of TransTech Systems, Inc., the wholly owned subsidiary of Visualant, and Mark Scott, Visualant CFO, demonstrated the Visualant Spectral Pattern Matching ("SPM") technology to potential partners and investors in Japan the week of November 15.
Two key members of the Visualant Board of Directors, Dr. Masahiro Kawahata and Mr. Tom Arai, have been instrumental in providing introductions to potential Japanese business partners and investors.
Jim Gingo stated, "Showing the first Visualant SPM demonstration unit in Japan has created a great deal of interest from our audience of business professionals. They witnessed the demonstrations and the many potential applications for the technology. We expect to accelerate the development of the Japanese market for the Visualant SPM technology."
About TransTech Systems
Visualant, Inc. develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Its patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching (SPM). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.
Lynn Felsinger, 206-903-1341
lynn@visualant.net
or
TransTech Systems, Inc.
Jeff Kruse, 503-427-7131
jkruse@ttsys.com
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
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Saturday, November 27, 2010
Tuesday, October 5, 2010
mPhase Technologies (OTC.BB:XDSL) to Present at DoD Energy Workshop at Oak Ridge National Labs
mPhase Technologies (OTC.BB:XDSL) to Present at DoD Energy Workshop at Oak Ridge National Labs
Visit this company: http://www.mphasetech.com/
LITTLE FALLS, NJ - October 5, 2010 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL), today announced that it has been invited to present at the symposium on "Scalable Energy Storage Beyond Li-Ion: Materials," to be held Oct. 7-8, 2010, at Oak Ridge National Laboratory (ORNL), Oak Ridge, Tennessee. At the workshop, mPhase will describe the advantages of Smart NanoBattery technology.
The workshop is sponsored by a consortium of IBM Research and four U.S. National Laboratories (Argonne, Lawrence Berkeley, Oak Ridge, and Pacific Northwest). The purpose of the workshop is to bring together the technical community, small business and government agencies, to discuss potential technologies on how materials science will advance electrochemical energy storage science and technologies to accelerate innovation, decrease costs, and improve the safety of advanced, scalable electrochemical energy storage concepts and systems "beyond lithium ion" and current designs.
"This workshop is a very good opportunity for exposing the advantages and unique capabilities of the Smart NanoBattery for forward-looking designs involving improved power efficiencies for critical systems," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to working with these organizations to potentially drive our technology into leading-edge applications."
The development of the Smart NanoBattery has been undertaken with funding support from a Phase II STTR Army award.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfludics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product the mPower Emergency Illuminator, an award winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com.
More information about the company can be found at http://www.mphasetech.com/.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
Danielle LaSalle
mPhase Technologies, Inc.
973-256-3737
Visit the XDSL showcase profile at Investorideas.com
Request News and Info on XDSL
Disclosure, Disclaimer/ XDSL is a paid advertising client on Investorideas.com and our technology portals.
Published at www.Investorideas.com - Global research by sectors
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Visit this company: http://www.mphasetech.com/
LITTLE FALLS, NJ - October 5, 2010 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL), today announced that it has been invited to present at the symposium on "Scalable Energy Storage Beyond Li-Ion: Materials," to be held Oct. 7-8, 2010, at Oak Ridge National Laboratory (ORNL), Oak Ridge, Tennessee. At the workshop, mPhase will describe the advantages of Smart NanoBattery technology.
The workshop is sponsored by a consortium of IBM Research and four U.S. National Laboratories (Argonne, Lawrence Berkeley, Oak Ridge, and Pacific Northwest). The purpose of the workshop is to bring together the technical community, small business and government agencies, to discuss potential technologies on how materials science will advance electrochemical energy storage science and technologies to accelerate innovation, decrease costs, and improve the safety of advanced, scalable electrochemical energy storage concepts and systems "beyond lithium ion" and current designs.
"This workshop is a very good opportunity for exposing the advantages and unique capabilities of the Smart NanoBattery for forward-looking designs involving improved power efficiencies for critical systems," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to working with these organizations to potentially drive our technology into leading-edge applications."
The development of the Smart NanoBattery has been undertaken with funding support from a Phase II STTR Army award.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfludics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product the mPower Emergency Illuminator, an award winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com.
More information about the company can be found at http://www.mphasetech.com/.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
Danielle LaSalle
mPhase Technologies, Inc.
973-256-3737
Visit the XDSL showcase profile at Investorideas.com
Request News and Info on XDSL
Disclosure, Disclaimer/ XDSL is a paid advertising client on Investorideas.com and our technology portals.
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Connect with Investorideas.com
Publish Your News - Send a release
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Published at (www.investorideas.com defense stocks blog ) Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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Monday, October 4, 2010
Defense Stocks; ManTech (NASDAQ: MANT) Awarded $70 Million Contract to Operate Advanced ISR, Battle Command and Force Protection Systems in Iraq
Defense Stocks; ManTech (NASDAQ: MANT) Awarded $70 Million Contract to Operate Advanced ISR, Battle Command and Force Protection Systems in Iraq
FAIRFAX, Va.--(http://www.investorideas.com/ defense stocks blog )--ManTech International Corporation (NASDAQ: MANT) (www.mantech.com), a leading provider of innovative technologies and solutions for mission-critical national security programs, announced today that it has received a task order under its Strategic Services Sourcing (S3) prime contract to provide Base Expeditionary Target Surveillance Systems-Combined (BETSS-C) operators in Iraq. The multiple-award task order, in support of the U.S. Army’s Project Manager Night Vision/Reconnaissance, Surveillance and Target Acquisition (PM NV/RSTA), has an initial period of performance of 12 months and two optional six-month extensions. The expected value to ManTech is $70 million if all contract options are exercised.
“ManTech’s superior communications and electronics expertise, coupled with our extensive in-theater operations support experience will be a valuable asset to the BETSS-C program”
.Under the contract, ManTech will provide BETSS-C operators and related administrative, managerial, logistics and business services necessary to support their deployment to Iraq.
BETSS-C enhances perimeter surveillance, battle command and force protection at joint security stations, forward-operating bases and combat outposts throughout Iraq. The system provides commanders with a digital map display of video, images and other information from ground sensors, pan-tilt-zoom cameras, mid- and long-range electro-optical/infrared sensors and radar mounted on towers, aerostats and other unmanned airborne vehicles.
“ManTech’s superior communications and electronics expertise, coupled with our extensive in-theater operations support experience will be a valuable asset to the BETSS-C program,” said Louis M. Addeo, president and chief operating officer of ManTech’s Technical Services Group. “We are proud to continue our support of the U.S. and coalition mission in Iraq.”
About ManTech International Corporation
Headquartered in Fairfax, Va., with approximately 9,300 professionals in 40 countries around the world, ManTech is a leading provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the departments of Defense, State, Homeland Security and Justice; the space community; the National Oceanic and Atmospheric Administration; and other U.S. federal government customers. ManTech's expertise includes systems engineering, systems integration, enterprise architecture, cyber security, information assurance, intelligence operations and analysis support, network and critical infrastructure protection, information operations and information warfare support, information technology, communications integration, global logistics and supply chain management, and service-oriented architectures. Additional information on ManTech can be found at www.mantech.com.
Contacts
ManTech International Corporation
Amy Gooen, 703-218-6387
amy.gooen@mantech.com
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FAIRFAX, Va.--(http://www.investorideas.com/ defense stocks blog )--ManTech International Corporation (NASDAQ: MANT) (www.mantech.com), a leading provider of innovative technologies and solutions for mission-critical national security programs, announced today that it has received a task order under its Strategic Services Sourcing (S3) prime contract to provide Base Expeditionary Target Surveillance Systems-Combined (BETSS-C) operators in Iraq. The multiple-award task order, in support of the U.S. Army’s Project Manager Night Vision/Reconnaissance, Surveillance and Target Acquisition (PM NV/RSTA), has an initial period of performance of 12 months and two optional six-month extensions. The expected value to ManTech is $70 million if all contract options are exercised.
“ManTech’s superior communications and electronics expertise, coupled with our extensive in-theater operations support experience will be a valuable asset to the BETSS-C program”
.Under the contract, ManTech will provide BETSS-C operators and related administrative, managerial, logistics and business services necessary to support their deployment to Iraq.
BETSS-C enhances perimeter surveillance, battle command and force protection at joint security stations, forward-operating bases and combat outposts throughout Iraq. The system provides commanders with a digital map display of video, images and other information from ground sensors, pan-tilt-zoom cameras, mid- and long-range electro-optical/infrared sensors and radar mounted on towers, aerostats and other unmanned airborne vehicles.
“ManTech’s superior communications and electronics expertise, coupled with our extensive in-theater operations support experience will be a valuable asset to the BETSS-C program,” said Louis M. Addeo, president and chief operating officer of ManTech’s Technical Services Group. “We are proud to continue our support of the U.S. and coalition mission in Iraq.”
About ManTech International Corporation
Headquartered in Fairfax, Va., with approximately 9,300 professionals in 40 countries around the world, ManTech is a leading provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the departments of Defense, State, Homeland Security and Justice; the space community; the National Oceanic and Atmospheric Administration; and other U.S. federal government customers. ManTech's expertise includes systems engineering, systems integration, enterprise architecture, cyber security, information assurance, intelligence operations and analysis support, network and critical infrastructure protection, information operations and information warfare support, information technology, communications integration, global logistics and supply chain management, and service-oriented architectures. Additional information on ManTech can be found at www.mantech.com.
Contacts
ManTech International Corporation
Amy Gooen, 703-218-6387
amy.gooen@mantech.com
Published at (www.investorideas.com defense stocks blog ) Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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Defense Stocks; ITT (NYSE: ITT) Appoints Kenneth W. Hunzeker to Lead Government Relations for Its Defense Segment
Defense Stocks; ITT (NYSE: ITT) Appoints Kenneth W. Hunzeker to Lead Government Relations for Its Defense Segment
MCLEAN, Va.--(http://www.investorideas.com/ defense stocks blog)--ITT Corporation (NYSE: ITT) today announced the appointment of Kenneth W. Hunzeker as vice president of government relations for the company’s Defense and Information Solutions segment, based in McLean, Va.
“Ken has extensive defense community experience in program management, strategy development and finance and has worked with key decision makers within the United States Army, Department of Defense, Office of Management and Budget, and Congress for many years”
.In this leadership role, Hunzeker, 58, will be responsible for establishing and maintaining relationships at the senior level of the U.S. Department of Defense, military service staffs and government agencies and be a focal point for coordinating a technical interface with these customers. He will also build productive and effective relationships with members of Congress and Congressional committees and their staffs in order to provide guidance on proposed legislation and regulation issues that have an impact on ITT Defense programs. Additionally, he will be responsible for supporting long-range marketing strategy and business planning. Hunzeker will report to David F. Melcher, president of ITT Defense and Information Solutions.
“Ken has extensive defense community experience in program management, strategy development and finance and has worked with key decision makers within the United States Army, Department of Defense, Office of Management and Budget, and Congress for many years,” said Melcher. “His depth of understanding our customers and his strategic awareness of how the defense space is evolving will be invaluable assets as ITT looks to grow in the future.”
Before joining ITT, Hunzeker had a 35-year career in the United States Army where he held a variety of senior leadership roles, rising to the rank of lieutenant general. Most recently, he served as Deputy Commander, United States Forces Iraq as part of Operation Iraqi Freedom. He was also the Commanding General of V Corps in United States Army Europe and the Seventh Army in Germany. During a previous tour in Iraq, he commanded the Civilian Police Assistance Transition Team responsible for training and equipping more than 400,000 Iraqi security forces. He has also commanded the First Infantry Division in United States Army Europe and Seventh Army and served as the Vice Director for Force Structure, Resources and Assessment (J-8) on the Joint Staff in the Pentagon.
He received a master’s degree in System Technology (Command, Control and Communications) from the Naval Postgraduate School in Monterey, Calif. and also has a master’s degree in National Security and Strategic Studies from National Defense University in Washington, D.C. He received his bachelor’s degree from the United States Military Academy in West Point, N.Y.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion. http://www.itt.com/
Contacts
ITT Media:
David Albritton, 703-790-6320
david.albritton@itt.com
Published at (www.investorideas.com defense stocks blog ) Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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MCLEAN, Va.--(http://www.investorideas.com/ defense stocks blog)--ITT Corporation (NYSE: ITT) today announced the appointment of Kenneth W. Hunzeker as vice president of government relations for the company’s Defense and Information Solutions segment, based in McLean, Va.
“Ken has extensive defense community experience in program management, strategy development and finance and has worked with key decision makers within the United States Army, Department of Defense, Office of Management and Budget, and Congress for many years”
.In this leadership role, Hunzeker, 58, will be responsible for establishing and maintaining relationships at the senior level of the U.S. Department of Defense, military service staffs and government agencies and be a focal point for coordinating a technical interface with these customers. He will also build productive and effective relationships with members of Congress and Congressional committees and their staffs in order to provide guidance on proposed legislation and regulation issues that have an impact on ITT Defense programs. Additionally, he will be responsible for supporting long-range marketing strategy and business planning. Hunzeker will report to David F. Melcher, president of ITT Defense and Information Solutions.
“Ken has extensive defense community experience in program management, strategy development and finance and has worked with key decision makers within the United States Army, Department of Defense, Office of Management and Budget, and Congress for many years,” said Melcher. “His depth of understanding our customers and his strategic awareness of how the defense space is evolving will be invaluable assets as ITT looks to grow in the future.”
Before joining ITT, Hunzeker had a 35-year career in the United States Army where he held a variety of senior leadership roles, rising to the rank of lieutenant general. Most recently, he served as Deputy Commander, United States Forces Iraq as part of Operation Iraqi Freedom. He was also the Commanding General of V Corps in United States Army Europe and the Seventh Army in Germany. During a previous tour in Iraq, he commanded the Civilian Police Assistance Transition Team responsible for training and equipping more than 400,000 Iraqi security forces. He has also commanded the First Infantry Division in United States Army Europe and Seventh Army and served as the Vice Director for Force Structure, Resources and Assessment (J-8) on the Joint Staff in the Pentagon.
He received a master’s degree in System Technology (Command, Control and Communications) from the Naval Postgraduate School in Monterey, Calif. and also has a master’s degree in National Security and Strategic Studies from National Defense University in Washington, D.C. He received his bachelor’s degree from the United States Military Academy in West Point, N.Y.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion. http://www.itt.com/
Contacts
ITT Media:
David Albritton, 703-790-6320
david.albritton@itt.com
Published at (www.investorideas.com defense stocks blog ) Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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Sunday, October 3, 2010
Homeland Security Stocks; CSC (NYSE: CSC) Participates in Department of Homeland Security Cyber Storm III Exercise
Homeland Security Stocks; CSC (NYSE: CSC) Participates in Department of Homeland Security Cyber Storm III Exercise
National-Level Cybersecurity Exercise Allows CSC to Demonstrate Preparedness in Responding to Potential Threats, Underscore Commitment to Government Cooperation
FALLS CHURCH, Va.--(http://www.investorideas.com/ defense stocks blog )--CSC (NYSE: CSC) announced its participation in the Department of Homeland Security (DHS) as a full player during Cyber Storm III, the department’s biennial event representing the U.S.’s most extensive cybersecurity exercise. The exercise is taking place September 28-30, 2010.
“CSC has participated in all three of the DHS Cyber Storm exercises, and we are honored to be an active participant and full player as part of the private industry during Cyber Storm III”
.The goal of Cyber Storm is to strengthen cybersecurity preparedness and response capabilities by exercising policies, processes and procedures for identifying and responding to a cyber attack on the U.S.’s critical infrastructure. CSC’s participation is allowing the company to further test its abilities to react appropriately and respond efficiently to potential cyber incidents of varying degrees both for its customers and own internal systems.
“CSC has participated in all three of the DHS Cyber Storm exercises, and we are honored to be an active participant and full player as part of the private industry during Cyber Storm III,” said Andy Purdy, CSC’s chief cybersecurity strategist, who was head of the DHS National Cyber Security Division led Cyber Storm I. “The cyber landscape is dynamic and cybersecurity is a global concern. The efforts put into this exercise and the lessons we will learn from it will continue the process of strengthening the capability of the United States to prepare for and respond to significant cyber attacks and incidents. CSC’s participation internally on a global level also enables us to continue refining our cybersecurity capabilities to the absolute highest levels. It is critically important that the after-action recommendations from Cyber Storm III be resourced and implemented as quickly as possible.”
CSC is one of the few companies to provide full lifecycle cybersecurity solutions and services to both public and private sector clients globally. Through its foundation of global network security operations centers, CSC protects some of the world’s most sensitive information, systems and networks against emerging cyber threats. CSC’s cybersecurity capabilities include privacy and cybersecurity consulting, strikeforce, compliance, system design, and integration and forensics training. For more information on its comprehensive cybersecurity solutions, go to www.csc.com/cybersecurity.
About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit www.csc.com or for more about CSC’s cyber solutions, go to www.csc.com/cybersecurity.
Contacts
CSC
Chuck Taylor
Director, Communications
North American Public Sector
703-641-3430
ctaylor26@csc.com
Bryan Brady
Vice President, Investor Relations
Corporate
703-641-3000
investorrelations@csc.com
Published at (www.investorideas.com defense stocks blog )
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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National-Level Cybersecurity Exercise Allows CSC to Demonstrate Preparedness in Responding to Potential Threats, Underscore Commitment to Government Cooperation
FALLS CHURCH, Va.--(http://www.investorideas.com/ defense stocks blog )--CSC (NYSE: CSC) announced its participation in the Department of Homeland Security (DHS) as a full player during Cyber Storm III, the department’s biennial event representing the U.S.’s most extensive cybersecurity exercise. The exercise is taking place September 28-30, 2010.
“CSC has participated in all three of the DHS Cyber Storm exercises, and we are honored to be an active participant and full player as part of the private industry during Cyber Storm III”
.The goal of Cyber Storm is to strengthen cybersecurity preparedness and response capabilities by exercising policies, processes and procedures for identifying and responding to a cyber attack on the U.S.’s critical infrastructure. CSC’s participation is allowing the company to further test its abilities to react appropriately and respond efficiently to potential cyber incidents of varying degrees both for its customers and own internal systems.
“CSC has participated in all three of the DHS Cyber Storm exercises, and we are honored to be an active participant and full player as part of the private industry during Cyber Storm III,” said Andy Purdy, CSC’s chief cybersecurity strategist, who was head of the DHS National Cyber Security Division led Cyber Storm I. “The cyber landscape is dynamic and cybersecurity is a global concern. The efforts put into this exercise and the lessons we will learn from it will continue the process of strengthening the capability of the United States to prepare for and respond to significant cyber attacks and incidents. CSC’s participation internally on a global level also enables us to continue refining our cybersecurity capabilities to the absolute highest levels. It is critically important that the after-action recommendations from Cyber Storm III be resourced and implemented as quickly as possible.”
CSC is one of the few companies to provide full lifecycle cybersecurity solutions and services to both public and private sector clients globally. Through its foundation of global network security operations centers, CSC protects some of the world’s most sensitive information, systems and networks against emerging cyber threats. CSC’s cybersecurity capabilities include privacy and cybersecurity consulting, strikeforce, compliance, system design, and integration and forensics training. For more information on its comprehensive cybersecurity solutions, go to www.csc.com/cybersecurity.
About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit www.csc.com or for more about CSC’s cyber solutions, go to www.csc.com/cybersecurity.
Contacts
CSC
Chuck Taylor
Director, Communications
North American Public Sector
703-641-3430
ctaylor26@csc.com
Bryan Brady
Vice President, Investor Relations
Corporate
703-641-3000
investorrelations@csc.com
Published at (www.investorideas.com defense stocks blog )
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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Defense Stocks; Force Protection (NASDAQ:FRPT) Reaches Settlement of Federal Shareholder Class and Derivative Actions
Defense Stocks; Force Protection (NASDAQ:FRPT) Reaches Settlement of Federal Shareholder Class and Derivative Actions
LADSON, S.C.--(http://www.investorideas.com/ defense stocks blog )--Force Protection Inc. (NASDAQ:FRPT) announced today that it has reached an agreement to settle the consolidated shareholder securities class action entitled In re Force Protection, Inc. Securities Litigation, Consolidated Civil Action No. 2:08-cv-845-CWH, pending in the U.S. District Court for the District of South Carolina against the Company and a number of the Company’s former directors and/or officers. The settlement amount is $24 million, a majority of which will be covered by insurance. The settlement is subject to court approval and certain other conditions.
In addition, an agreement has been reached to settle a related shareholder derivative action entitled In re Force Protection, Inc. Derivative Litigation, Civil Action No. 2:08-1907-CWH, which is pending in the same federal court. This settlement provides that the Company will adopt certain corporate governance practices, receive a payment of $2.25 million from insurance, and pay plaintiffs’ attorney’s fees and expenses in an amount not to exceed $2.3 million. The settlement is subject to court approval and certain other conditions.
Neither the Company nor any of its present and former directors and/or officers has admitted any wrongdoing or liability in connection with these settlements. Additionally, the settlements provide that the parties have reached mutually agreeable resolution of these cases to avoid protracted and expensive litigation, including the outcome and risks associated with proceeding.
The Company is a party to related shareholder derivative actions pending in state courts in Nevada and South Carolina. The Company believes that if the federal derivative settlement is approved, that settlement will extinguish these related state court derivative actions.
To reflect the net impact of the settlements, the Company currently expects to record in its 2010 third quarter earnings results a cash related charge of approximately $8.5 million.
About Force Protection, Inc.
Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, including the Buffalo, Cougar and related variants, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (“IEDs”, commonly referred to as roadside bombs). Complementing these efforts, the Company is designing, developing and marketing new vehicle platforms (including the Ocelot and JAMMA) that provide increased modularity, speed, mobility and concealment with enhanced levels of blast- and ballistic-protection. The Company also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of highly-skilled field service representatives, and advanced on and off-road driver and maintenance training programs. For more information on Force Protection and its products and services, visit http://www.forceprotection.net/.
Safe Harbor Statement
This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection’s management, and on information currently available to management, and include, among other things, statements regarding the extinguishment of the related state court derivative action and the Company’s expected financial and operating results. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to: the ability to reach a final conclusion to the aforementioned litigation; risks relating to the currently pending state court derivative lawsuits which are not being settled at this time; the ability to effectively manage the risks in the Company’s business; and the other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 and as updated in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2010.
Contacts
Force Protection, Inc.
Media Contact:
Tommy Pruitt, 843-574-3866
Senior Communications Director
tommy.pruitt@forceprotection.net
or
Investor Relations Contact:
Wes Harris, 843-574-3892
Investor Relations Director
wes.harris@forceprotection.net
Published at (www.investorideas.com defense stocks blog )
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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LADSON, S.C.--(http://www.investorideas.com/ defense stocks blog )--Force Protection Inc. (NASDAQ:FRPT) announced today that it has reached an agreement to settle the consolidated shareholder securities class action entitled In re Force Protection, Inc. Securities Litigation, Consolidated Civil Action No. 2:08-cv-845-CWH, pending in the U.S. District Court for the District of South Carolina against the Company and a number of the Company’s former directors and/or officers. The settlement amount is $24 million, a majority of which will be covered by insurance. The settlement is subject to court approval and certain other conditions.
In addition, an agreement has been reached to settle a related shareholder derivative action entitled In re Force Protection, Inc. Derivative Litigation, Civil Action No. 2:08-1907-CWH, which is pending in the same federal court. This settlement provides that the Company will adopt certain corporate governance practices, receive a payment of $2.25 million from insurance, and pay plaintiffs’ attorney’s fees and expenses in an amount not to exceed $2.3 million. The settlement is subject to court approval and certain other conditions.
Neither the Company nor any of its present and former directors and/or officers has admitted any wrongdoing or liability in connection with these settlements. Additionally, the settlements provide that the parties have reached mutually agreeable resolution of these cases to avoid protracted and expensive litigation, including the outcome and risks associated with proceeding.
The Company is a party to related shareholder derivative actions pending in state courts in Nevada and South Carolina. The Company believes that if the federal derivative settlement is approved, that settlement will extinguish these related state court derivative actions.
To reflect the net impact of the settlements, the Company currently expects to record in its 2010 third quarter earnings results a cash related charge of approximately $8.5 million.
About Force Protection, Inc.
Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, including the Buffalo, Cougar and related variants, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (“IEDs”, commonly referred to as roadside bombs). Complementing these efforts, the Company is designing, developing and marketing new vehicle platforms (including the Ocelot and JAMMA) that provide increased modularity, speed, mobility and concealment with enhanced levels of blast- and ballistic-protection. The Company also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of highly-skilled field service representatives, and advanced on and off-road driver and maintenance training programs. For more information on Force Protection and its products and services, visit http://www.forceprotection.net/.
Safe Harbor Statement
This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection’s management, and on information currently available to management, and include, among other things, statements regarding the extinguishment of the related state court derivative action and the Company’s expected financial and operating results. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to: the ability to reach a final conclusion to the aforementioned litigation; risks relating to the currently pending state court derivative lawsuits which are not being settled at this time; the ability to effectively manage the risks in the Company’s business; and the other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 and as updated in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2010.
Contacts
Force Protection, Inc.
Media Contact:
Tommy Pruitt, 843-574-3866
Senior Communications Director
tommy.pruitt@forceprotection.net
or
Investor Relations Contact:
Wes Harris, 843-574-3892
Investor Relations Director
wes.harris@forceprotection.net
Published at (www.investorideas.com defense stocks blog )
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Defense and security companies - Become a showcase defense stock at www.investorideas.com and www.homelanddefensestocks.com for as little as $1000 month
Security News; - The State Department alerts U.S. citizens to the potential for terrorist attacks in Europe.
Security News; - Travel Alert- U.S. DEPARTMENT OF STATE
Bureau of Consular Affairs
Europe
October 3, 2010
(http://www.investorideas.com/ defense stocks blog )
The State Department alerts U.S. citizens to the potential for terrorist attacks in Europe. Current information suggests that al-Qa’ida and affiliated organizations continue to plan terrorist attacks. European governments have taken action to guard against a terrorist attack and some have spoken publicly about the heightened threat conditions.
Terrorists may elect to use a variety of means and weapons and target both official and private interests. U.S. citizens are reminded of the potential for terrorists to attack public transportation systems and other tourist infrastructure. Terrorists have targeted and attacked subway and rail systems, as well as aviation and maritime services. U.S. citizens should take every precaution to be aware of their surroundings and to adopt appropriate safety measures to protect themselves when traveling.
We continue to work closely with our European allies on the threat from international terrorism, including al-Qa’ida. Information is routinely shared between the U.S. and our key partners in order to disrupt terrorist plotting, identify and take action against potential operatives, and strengthen our defenses against potential threats.
We recommend U.S. citizens register their travel plans with the Consular Section of the U.S. Embassy through the State Department's travel registration website. Travelers may obtain up-to-date information on security conditions by calling 1-888-407-4747 toll-free in the U.S. and Canada, or on a regular toll line at 1-202-501-4444 from elsewhere in the world.
For information on general crime and security issues, U.S. citizens should also consult the Department of State's Country-Specific Information as well as the Worldwide Caution, which can be found on the Bureau of Consular Affairs website. For further information on safety tips while traveling abroad, U.S. citizens should also consult the following website: http://travel.state.gov/travel/tips/tips_1232.html
This Travel Alert expires on January 31, 2011.
Published at (http://www.investorideas.com/ defense stocks blog )
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Defense and security companies - Become a showcase defense stock at http://www.investorideas.com/ and http://www.homelanddefensestocks.com/ for as little as $1000 month
Bureau of Consular Affairs
Europe
October 3, 2010
(http://www.investorideas.com/ defense stocks blog )
The State Department alerts U.S. citizens to the potential for terrorist attacks in Europe. Current information suggests that al-Qa’ida and affiliated organizations continue to plan terrorist attacks. European governments have taken action to guard against a terrorist attack and some have spoken publicly about the heightened threat conditions.
Terrorists may elect to use a variety of means and weapons and target both official and private interests. U.S. citizens are reminded of the potential for terrorists to attack public transportation systems and other tourist infrastructure. Terrorists have targeted and attacked subway and rail systems, as well as aviation and maritime services. U.S. citizens should take every precaution to be aware of their surroundings and to adopt appropriate safety measures to protect themselves when traveling.
We continue to work closely with our European allies on the threat from international terrorism, including al-Qa’ida. Information is routinely shared between the U.S. and our key partners in order to disrupt terrorist plotting, identify and take action against potential operatives, and strengthen our defenses against potential threats.
We recommend U.S. citizens register their travel plans with the Consular Section of the U.S. Embassy through the State Department's travel registration website. Travelers may obtain up-to-date information on security conditions by calling 1-888-407-4747 toll-free in the U.S. and Canada, or on a regular toll line at 1-202-501-4444 from elsewhere in the world.
For information on general crime and security issues, U.S. citizens should also consult the Department of State's Country-Specific Information as well as the Worldwide Caution, which can be found on the Bureau of Consular Affairs website. For further information on safety tips while traveling abroad, U.S. citizens should also consult the following website: http://travel.state.gov/travel/tips/tips_1232.html
This Travel Alert expires on January 31, 2011.
Published at (http://www.investorideas.com/ defense stocks blog )
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Defense and security companies - Become a showcase defense stock at http://www.investorideas.com/ and http://www.homelanddefensestocks.com/ for as little as $1000 month
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