Monday, May 24, 2010

LTDU Breaking News: Latitude Industries Update


Defense News:
MIAMI, FL--(Marketwire - 05/21/10) - Latitude Industries Inc. (Pinksheets:LTDU - News), a holding company that exists to bring together a conglomerate of companies dedicated to the pursuit of fun and adventure in the outdoor world, announces a corporate update.

As part of the reorganization plan previously announced and the bold decision to restructure and reorganize our company we will update our share holders in the weeks to come on the following.

  • Corporate financials are in the final stage of in house auditing and corporate counsels are ready to issue opinion letters on the company financials to bring Pink Sheet to Current Status
  • Corporate accountant and counsel have advised to lower our Authorized number of shares
  • Previously announced acquisitions are still in the works and getting closer to finalization pending capital acquisition

In the past weeks we have experienced a good volume of calls and email enquiries for new boats. Carolina Hernandez, CEO of Latitude Industries, said, "As a whole the marine industry has seen a fresh outlook as consumer confidence is lifting and the US economy moves forward."

About Latitude Industries

Latitude Industries exists to bring together a conglomerate of companies dedicated to the pursuit of fun and adventure in the outdoor world by providing the best supplier of power sports and boating-related products with outstanding service and value to every customer. Our goal is to treat all of our customers even better than they expect to be treated so that they regard us as the best in our industry. It is always our priority to achieve superior financial returns for the benefit of our associates, customers and shareholders.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.


Carolina Hernandez
President and CEO
Ph: 305-758-BOAT (2628)

Related Headlines

TriQuint Wins US Air Force Contract to Design, Build GaN Modules for New Drone Aircraft

TriQuint Wins Air Force GaN Modules Contract

TriQuint’s GaN Expertise Will Help AFRL Develop 2 New Modules to Extend the Range, Abilities of Air Force Unmanned Aerial Vehicles (UAVs)

Defense News:
HILLSBORO, Ore. & RICHARDSON, Texas--(BUSINESS WIRE)--TriQuint Semiconductor (NASDAQ: TQNT - News), a leading RF product manufacturer and foundry services provider, today announced that it has been awarded a contract by the US Air Force Research Laboratories (AFRL) to develop new Gallium Nitride (GaN) modules for unmanned aerial vehicles (UAVs). TriQuint’s new GaN devices will extend the range and capabilities of UAVs that are used for reconnaissance missions over Afghanistan, Iraq and other regions.

TriQuint’s new modules will include 20 Watt and 50 Watt devices. A challenging aspect of the program includes fitting new 20 Watt amplifiers into the same space now occupied by the fleet’s existing 1 Watt devices that limit the range and broadcast power of the aircraft.

“We’re very pleased to be working with the Air Force again,” said TriQuint Program Manager, Doug Cole. “The contract is particularly interesting since we need to increase the power of one device 20-fold without increasing the size. We’re using our proven 0.25-micron Gallium Nitride process since it offers excellent power density and ruggedness—key requirements for avionic applications.”

By increasing the output power of RF amplifiers in the UAVs, TriQuint will measurably increase the vehicles’ operational range and mission effectiveness, allowing new UAVs to serve in areas and under conditions that were impossible for their predecessors. TriQuint’s more efficient GaN devices will also reduce the need for thermal mitigation and extend battery life in each vehicle. As estimated by the AFRL, more efficient amplifiers like TriQuint’s can extend UAV patrol time from one to three hours depending on the aircraft involved, payload and other operational conditions.

TriQuint is developing both the 20 Watt and 50 Watt devices using in-house resources including complete module fabrication. TriQuint designs and builds both integrated and multi-chip modules (MCMs) at its Richardson, TX facility, offering customers the added assurance that all resources needed for GaN or Gallium Arsenide (GaAs) programs are available in a single, domestic location.

Mr. Cole indicated TriQuint was chosen by the AFRL for the UAV amplifier contract based on the company’s detailed plan to meet the Laboratories’ accelerated development schedule. Other factors included results from TriQuint’s Defense Advanced Research Projects Agency (DARPA) Wide Bandgap Semiconductor (WBGS) RF GaN program, in which TriQuint led Phase II and is leading Phase III. TriQuint also leads a DARPA contract for highly-advanced MMIC development using Gallium Nitride technology in the Nitride Electronic NeXt-Generation Technology (NEXT) program.

The Air Force UAV program is divided into two primary phases. The initial phase includes developing appropriate high-power GaN amplifier MMICs. This will be followed by the integration of MMIC amplifiers and other components into single packages to provide 20 Watt and 50 Watt Ku-band power amplifiers. TriQuint is on track to deliver the first amplifier MMIC by August 2010. The first 50 Watt prototype packaged assembly high power amplifier (HPA) will be delivered in April 2011.

TriQuint is a leading manufacturer of high-performance, highly-reliable integrated circuits for defense and aerospace applications including phased array radar, communications satellites, guidance, control and related systems. TriQuint became a DoD Category 1A ‘Trusted Foundry’ for GaAs devices in 2008. For more information about TriQuint Semiconductor, visit; register for defense and aerospace product updates and our newsletter at:


This TriQuint Semiconductor, Inc. (Nasdaq: TQNT - News) press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that forward-looking statements involve risks and uncertainties. The cautionary statements made in this press release should be read as being applicable to all related statements wherever they appear. Statements containing such words as ‘leading’, ‘exceptional’, ‘high efficiency’, ‘key role’, ‘leading supplier’, or similar terms are considered to contain uncertainty and are forward-looking statements. A number of factors affect TriQuint’s operating results and could cause its actual future results to differ materially from any results indicated in this press release or in any other forward-looking statements made by, or on behalf of, TriQuint including, but not limited to: those associated with the unpredictability and volatility of customer acceptance of and demand for our products and technologies, the ability of our production facilities and those of our vendors to meet demand, the ability of our production facilities and those of our vendors to produce products with yields sufficient to maintain profitability, as well as the other “Risk Factors” set forth in TriQuint’s most recent 10-Q report filed with the Securities and Exchange Commission. This and other reports can be found on the SEC web site, A reader of this release should understand that these and other risks could cause actual results to differ materially from expectations expressed / implied in forward-looking statements.


TriQuint Semiconductor (NASDAQ: TQNT - News) celebrates its 25th anniversary in 2010 as a leading global provider of innovative RF solutions and foundry services for the world’s leading communications, defense and aerospace companies. People and organizations around the world need real-time, all-the-time connections; TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. With the industry’s broadest technology portfolio, recognized R&D leadership, and expertise in high-volume manufacturing, TriQuint creates standard and custom products using gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies. The company has ISO9001-certified manufacturing facilities in the U.S., production in Costa Rica, and design centers in North America and Germany. For more information,

TriQuint: Connecting the Digital World to the Global Network®

Photos/Multimedia Gallery Available:〈=en



TriQuint Semiconductor, Inc.
Product Marketing Contact:
Anthony Balistreri, +1-972-994-3995
Defense/Aerospace Product Marketing Director
Media Contact:
Mark Andrews, +1-407-884-3404
Mobile: +1-407-353-8727
Strategic Marketing Communications Manager

Related Headlines

DTN News: Russia, U.S. Mull Joint Production Of An-124 Transport Planes

Defense News: DTN News: Russia, U.S. Mull Joint Production Of An-124 Transport Planes
Source: DTN News / Ria Novosti 18/05/2010
(NSI News Source Info) WASHINGTON, - May 24, 2010: The United States is considering a Russian proposal on the joint production of An-124 Condor heavy-lift transport aircraft, a Russian deputy prime minister said.
The An-124 was designed by the Antonov Design Bureau in 1982, and was produced in Ukraine's Kiev and Russia's Ulyanovsk plants until 1995. Although there are no An-124s being built at present, Russia and Ukraine have reportedly agreed to resume production in the future.
"We have discussed a full-scale project, which includes the joint production of the plane, setting up a joint venture, shared rights, sales to Russian and American customers - both civilian and military - and the creation of a scheme for post-production servicing," Sergei Ivanov told reporters in Washington.
The An-124 is similar to the American Lockheed C-5 Galaxy, but has a 25% larger payload.
The aircraft has a maximum payload of 150 metric tons with a flight range of around 3,000 kilometers (1,864 miles).
An-124s have been used extensively by several U.S. companies. Russian cargo company Volga-Dnepr has contracts with Boeing to ship outsize aircraft components to its Everett plant.
United Launch Alliance contracts the An-124 to transport the Atlas V launch vehicle from its facilities near Denver to Cape Canaveral.
Space Systems Loral contracts the An-124 to transport satellites from Palo Alto in California to the Arianespace spaceport in Kourou, French Guiana.
According to Ivanov, the Pentagon has contracted An-124 planes for military transport purposes until 2016.
"The An-124 planes, made during the Soviet era, have been used extensively in the interests of U.S. customers. We are offering a full-scale project, rather than a simple lease," Ivanov said.
Russia plans to manufacture a total of 20 An-124 aircraft by 2020 in accordance with the state arms procurement program.

DTN News: Israel Holds Defense Drill Amid Regional Tension

Defense News: DTN News: Israel Holds Defense Drill Amid Regional Tension
Source: DTN News / By AMY TEIBEL (AP)
(NSI News Source Info) JERUSALEM, Israel - May 24, 2010: Israel held a dress rehearsal for disaster Sunday, beginning a defense drill to test the response of soldiers, emergency crews and civilians to
simulated missile barrages, terrorist attacks and chemical strikes.
Israel embarked on its fourth annual home front drill at a time when Iranian-backed militants are rearming to Israel's north and south, and Iran itself is suspected of developing nuclear arms, despite its denials.
The five-day exercise, the biggest in Israel's history, has raised allegations by the country's enemies that it is preparing for war — a concern Israel has sought to allay.
Israeli Prime Minister Benjamin Netanyahu said the drill is a "routine exercise that was scheduled long ago."
"I want to emphasize that this is not a result of any abnormal security development," he told his Cabinet on Sunday. "On the contrary, Israel wants quiet, stability and peace, but it is no secret that we live in a region that is under threat of missiles and rockets."
Israel began carrying out the annual exercise, code-named Turning Point, after its 2006 war with Hezbollah militants in Lebanon showed the country's bomb shelters, air raid sirens and civil defense authorities were unprepared. The exercise also incorporates lessons from Israel's 2009 war against Palestinian militants in the Gaza Strip.
Tensions have risen in recent weeks after Israel accused Syria of smuggling Scuds and other missiles to Hezbollah. Syria denied the charge.
Israeli media reported that Hezbollah heightened its alert status ahead of what it branded Israel's "war game."
Lebanese Prime Minister Saad Hariri said the drill proves Israel is not serious about wanting peace.
"Israel should reduce these maneuvers and return to the table to have serious talks about peace," Hariri said, according to a statement issued by his office. "If it wants peace, why does Israel resort to military maneuvers? And if it wants to negotiate with the Palestinians, why would it resort to military maneuvers?"
Israel has tried to allay regional concerns with assurances through diplomatic channels that the drill is not a cover for a military strike, defense officials said.
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