Saturday, February 6, 2010

/C O R R E C T I O N -- Aviation Week/

Defense News ~ February 5, 2010, In the news release, Under Secretary Aston Carter to Keynote AVIATION WEEK's Defense Technology & Requirements Conference Feb. 17 in DC, issued 05-Feb-2010 by AVIATION WEEK over PR Newswire, we are advised by the company that the headline should read "Under Secretary Ashton Carter" rather than "Aston Carter" as originally issued inadvertently. The complete, corrected release follows:
Under Secretary Ashton Carter to Keynote AVIATION WEEK's Defense Technology & Requirements Conference Feb. 17 in DC
Conference will address U.S. Department of Defense's plans for 2011 spending, priority programs, new technologies, and military requirements
NEW YORK, Feb. 5 /PRNewswire/ -- AVIATION WEEK announced today that Ashton Carter, Under Secretary of Defense for Acquisition, Technology and Logistics, will present the keynote address on defense programs at the Defense Technology & Requirements Conference (DT&R) on February 17 in Washington, D.C. Dr. Carter will review Fiscal Year 2011 defense appropriations, with regard to spending priorities and oversight and management of defense programs.
"We are honored to have Under Secretary Carter join us for this important annual event," said Tom Henricks, president, AVIATION WEEK. "Following Secretary Gates' statements this week and the unveiling of President Obama's budget, the entire A&D industry is interested to know what programs will continue to be a priority, and what will be cut. DT&R will help define what we can expect in 2010 and 2011."
Panel discussions and speakers will cover the FY2011 Defense Budget; the Quadrennial Defense Review (QDR); U.S. Air Force, Army, Navy, and Marine Corps requirements and resource allocations; Unmanned Aerial Vehicles (UAVs) and Intelligence, Surveillance, and Reconnaissance (ISR); cybersecurity; tactical aircraft; airlift and refueling tankers; ground combat vehicles and more.
In addition to Under Secretary Carter, attendees can expect to hear from top Department of Defense officials including General James E. Cartwright, Vice Chairman of the Joint Chiefs of Staff; Robert F. Hale, Under Secretary of Defense (Comptroller); and Zachary J. Lemnios, Director of Defense and Engineering and Chief Technical Officer for the Defense Department.
Hosted by AVIATION WEEK, the annual Defense Technology & Requirements Conference will be held at the Marriott Washington Metro Center in Washington, D.C. on February 17-18. A mainstay for defense planning and discussion, the conference attracts 200 senior defense executives from business, military, and government agencies.
For more information or to register, visit http://www.aviationweek.com/conferences/dtarmain.htm or call 212-904-3195. Discounts are available for government and active military personnel. Press passes can be requested through Lisa Jaycox at +1 212-512-3272. Video interviews and news from the event will be available online at AviationWeek.com and Twitter: @aviationweek, #DTAR. For ongoing coverage of the global defense industry visit the AviationWeek.com defense channel and the ARES defense technology blog.
DT&R is produced by AVIATION WEEK with the media support of Defense Technology International. Sponsors include Accenture and PricewaterhouseCoopers.
About AVIATION WEEK
AVIATION WEEK, part of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes http://AviationWeek.com, Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, Aerospace Daily & Defense Report, The Weekly of Business Aviation, World Aerospace Database, AVIATION WEEK Intelligence Network, and MRO Prospector. The group also produces major events around the world.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, Platts, Capital IQ, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Corporation has more than 280 offices in 40 countries. Sales in 2009 were $5.95 billion. Additional information is available at http://www.mcgraw-hill.com/.


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Wall Street cuts losses, closes up with techs, materials

By Angela Moon
Defense News ~ NEW YORK February 5, 2010, (Reuters) - Stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labor market data and growing anxiety over fiscal problems in Europe.
Major indexes turned positive heading into the close, as investors scooped up shares in the technology and materials sectors -- two of the worst perforomers during the market's latest pullback.
"It's bargain hunting in an oversold market," said Cleveland Rueckert, market analyst at Birinyi Associates in Stamford, Conneticut. "At least in the short term, selling was overdone."
Earlier, the major indexes dropped more than 1 percent on the initial interpretation that January's payrolls data was another sign of a sluggish job market recovery, and concerns about the euro zone's sovereign debt problems persisted.
U.S. employers unexpectedly cut 20,000 jobs in January, but the unemployment rate dropped to a five-month low of 9.7 percent, the Labor Department reported.
The Dow Jones industrial average (DJI:^DJI - News) closed up 10.05 points, or 0.10 percent, at 10,012.23. The Standard & Poor's 500 Index (^SPX - News) ended up 3.08 points, or 0.29 percent, at 1,066.19. The Nasdaq Composite Index (Nasdaq:^IXIC - News) gained 15.69 points, or 0.74 percent, to close at 2,141.12.
STOCKS' FOURTH WEEKLY SLIDE
For the week, the Dow fell 0.6 percent, the S&P 500 slid 0.7 percent and the Nasdaq lost 0.3 percent, marking their fourth consecutive weekly drop.
With some investors betting that the sell-off of recent days may have run its course, sectors that were beaten down headed higher late in the session.
Cisco Systems (NasdaqGS:CSCO - News) and Intel Corp (NasdaqGS:INTC - News) ranked among the Dow's top advancers, and helped the Nasdaq erase losses. Cisco rose 2.3 percent to close at $23.70 and Intel gained 2.4 percent to end at $19.47.
Materials stocks also rebounded after falling throughout most of the day, with Alcoa Inc (NYSE:AA - News) up 2.1 percent at $13.18.
European policy-makers scrambled to reassure markets about the stability of the 16-nation currency bloc, and Portugal backed a law that may push its swollen deficit higher.
The biggest losers included industrial shares, with General Electric Co (NYSE:GE - News) off 1.6 percent at $15.79 and Boeing Co (NYSE:BA - News) down 1.6 percent at $58.40.
On Thursday, the Dow briefly slipped below the crucial 10,000 mark as stocks suffered their worst daily declines in more than nine months.
Total volume of 12.44 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, well above last year's estimated daily average of 9.65 billion. It was the heaviest trade since Dec 18.
Declining stocks outnumbered advancing ones on the NYSE by a ratio of 17 to 13, while on the Nasdaq, about seven stocks rose for every six that fell.
(Reporting by Angela Moon; editing by Jan Paschal)

CORRECTING and REPLACING Non-Traditional ISR Summit to Discuss New Platforms Increasing Warfighter Survivability and Seamless Operations

Defense News ~ NEW YORK--February 5, 2010, (BUSINESS WIRE)--Please replace the release dated February 2, 2010 with the following corrected version due to changes in the quote in the third graph of the release.
The corrected release reads:
NON-TRADITIONAL ISR SUMMIT TO DISCUSS NEW PLATFORMS INCREASING WARFIGHTER SURVIVABILITY AND SEAMLESS OPERATIONS
The Institute for Defense and Government Advancement (IDGA) is pleased to announce the inaugural Non-Traditional ISR Summit, scheduled for March 22 – 24, 2010 in the Washington, DC Metro Area.
The event, sponsored by BAE Systems and Digital Results Group, will offer the vital opportunity to gain first-hand insight into ISR support into strike operations, discover the new immediate need for integration of Non-Traditional ISR, receive detailed updates on challenges between EW and Non-Traditional ISR, and engage in joint efforts through briefings on the most advanced research and development.
“At this year’s Non-Traditional ISR Summit, we are very excited to bring together the key stakeholders and end-users from the ISR community. Speakers from the FBI, DoD ISR Task Force, Air Force ISR Agency, Electronic Warfare Operations, Naval Research Laboratory and many more will discuss manned vs. unmanned ISR, benefits of ISR, current programs and future plans for Non-Traditional ISR activities," said Luis Hernandez, IDGA’s Non-Traditional ISR Project Manager.
Confirmed Speakers Include:
*Lieutenant General Craig Koziol, Deputy Under Secretary of Defense - Intelligence
*Colonel Dan Johnson Commander, 480th ISR Wing, Langley Air Force
*Colonel Eric Mathewson, Director of the Air Force UAS Task Force
*Lieutenant Colonel Wesley A. Ardt, Chief of Electronic Warfare Operations - Analysis
*James Shircliffe Jr., FBI, Critical National Assets/Technology Unit
For more information on sponsoring or attending the Non-Traditional ISR Summit please visit http://www.NonTraditionalISR.com or contact Alexa Deaton at alexa.deaton@idga.org.
The Institute for Defense & Government Advancement (IDGA) is a non-partisan information-based organization dedicated to the promotion of innovative ideas in public service and defense through live conferences and events. We bring together speaker panels and events comprised of military and government professionals while attracting delegates with decision-making power from military, government, and defense industries.
In addition to our live events, IDGA also offers an online community dedicated to providing defense industry professionals with breaking news, business opportunities, introductions, podcasts, webinars, and presentations from key industry leaders. Members of our online community are able to extend their live event experience and interact with the defense industry by leveraging the opportunity to network, share ideas, best practices, and business solutions.
For more information, please visit http://www.idga.org.

Contact:
IDGAAlexa Deaton, 212-885-2725

alexa.deaton@idga.org

RemoteMDx and STOP Announce Settlement of GPS Offender Tracking Patent Litigation

Defense News ~ SANDY, UT and HOUSTON, TX--(Marketwire - 02/05/10) - RemoteMDx, Inc. (OTC.BB:RMDX - News), together with its subsidiary SecureAlert, Inc. and Satellite Tracking of People LLC ("STOP") of Houston, Texas, announced today that they have settled lawsuits pending in Texas and California and entered into a settlement agreement which encompasses the cross-licensing of certain patents and related technology, inclusive of but not limited to the patents that were the subject of the litigation.
Under the settlement agreement, STOP and RemoteMDx have stipulated to the termination of all litigation between them, acknowledged infringement and validity of the patents-in-suit, and agreed to license a portfolio of certain of each other's patents and related technology. In consideration of the net value of the licenses and rights granted between the parties, RemoteMDx will pay STOP a settlement fee, as well as royalty payments based on future RemoteMDx one-piece GPS tracking device and related monitoring service revenues, subject to certain revenue thresholds, minimums and conditional adjustments.
The licensing agreement will provide RemoteMDx with access to STOP's RE39,909 one-piece patent and certain other STOP patents, while RemoteMDx grants rights in its U.S. Patent No. 7,330,122 and certain other RemoteMDx patents to STOP.
John Hastings, President and Chief Operating Officer of RemoteMDx, stated, "We are pleased to add depth to our patent portfolio with this settlement agreement. It adds significant value to our company, products and services, while permitting us to continue to develop important intellectual property strength throughout critical areas, as we provide our services to corrections and law enforcement agencies throughout the world." Mr. Hastings added, "The licensing of STOP and RemoteMDx intellectual properties will better serve the needs of a continuously expanding offender tracking marketplace and the agencies and customers served by both companies, which will allow us to better meet the needs of our respective customer bases. We can concentrate our resources and energies to focus on our future growth, which is in the best interests of our stakeholders."
Steve Logan, Chief Executive Officer of STOP, commented, "STOP has made significant investments in our acquisition and development of the patents around our GPS device. Our patents include the original one-piece tracking technology from the 1990s, an approach counter-intuitive to the offender GPS technology at that time that has since become the preferred standard for offender tracking. While STOP's focus is providing one-piece GPS devices and services directly to governmental agencies, we also pride ourselves in being in the position to supply technology and intellectual property to this growing industry." Mr. Logan added, "We are very pleased to have reached an agreement with RemoteMDx and SecureAlert, and believe this positions each company to better serve the offender tracking marketplace through enhanced and ever-evolving technologies."
About RemoteMDx, Inc.
RemoteMDx (website at www.remotemdx.com) is a leading edge, patented monitoring, case management and advanced communications technology company, widely utilized by approximately 15,000 offenders in over 625 law enforcement agencies, judicial districts and county jurisdictions across 35 states, with applications targeted for offender tracking and homeland security. Through its SecureAlert subsidiary, RemoteMDx observes and tracks offenders no matter where they may be -- in their car, home or office. SecureAlert offers the only single-piece device and GPS tracking technology integrated with 3-way voice, text and data communications, which interacts with real time intervention monitoring services, and is unrivaled in the industry. The SecureAlert programs allow convicted criminals to re-enter society by keeping them accountable 24 hours a day, every day, supporting rehabilitation initiatives and providing for enhanced public safety, while reducing the overall burdens and costs carried by the criminal justice and corrections systems. To learn more about RemoteMDx, visit www.remotemdx.com.
About STOP
Satellite Tracking of People LLC (STOP; website at www.stopllc.com) is a leading provider of Global Positioning System (GPS) tracking systems and services to government agencies. Our system offers these agencies the most recent technological one-piece GPS developments in offender tracking. STOP offers patented systems and one-piece GPS products unmatched in the industry. STOP was founded by a group of corrections and technology professionals who realized that although incarceration is sometimes the only alternative for violent criminals, too often it is used because it is the only safe sanction available. The founders of STOP were convinced that the criminal justice system required a technologically advanced, cost-efficient, electronic monitoring solution. STOP provides this desired alternative using BluTag� and its family of monitoring devices and our VeriTracks� application.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, including future growth and earnings opportunities of the company. Examples of forward-looking statements in this release include references to the results of operations during future periods, the success of implementing cost-cutting plans, the goal for break-even operating results, future phases of the company's business plan, and the launch of new products. Actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including the company's ability to retain and to promptly satisfy current backorders and other economic, competitive, governmental, technological, regulatory, manufacturing and marketing risks associated with the company's business and financial plans. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in the company's most recent filings with the Securities and Exchange Commission.


Contact:
Jeffrey Peterson
Investor/Media Relations
866-451-6141


Opsens named as part of 2010 TSX Venture 50

Defense News ~ QUEBEC CITY, Feb. 5 /CNW Telbec/ - TSX Venture Exchange today announced that Opsens Inc. (TSX VENTURE EXCHANGE: OPS - News) has been named as one of the TSX Venture 50, a ranking of strong performers listed on TSX Venture Exchange. TSX Venture 50 is comprised of 10 emerging companies in five industry sectors that have been identified as leaders in Canada's public venture market.
"It is an honour to be named as part of this year's TSX Venture 50," said Pierre Carrier, President and CEO of Opsens. "Opsens became, almost four years ago, a public company dedicated to the development and the commercialization of patented fiber optic sensor systems for the measurement of pressure/temperature in the oil and gas, medical, laboratory and transformer markets. These markets have growing needs for the instruments we develop to improve and optimize their operations. Our products are unique and their effectiveness has been proven. Opsens works at increasing its market shares in each of these sectors."
Pierre Carrier continues: "Our products' performances and our attention to our clients' needs are the key elements in our progression. Our listing on TSX Venture Exchange has provided us with the ideal environment to meet our growth goals and objectives."
The 2010 TSX Venture 50 were selected based on four equally weighted criteria that include return on investment, trading, analyst coverage and market capitalization growth in Cleantech, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences sectors.
"We are pleased to celebrate the 2010 TSX Venture 50," said John McCoach, President, TSX Venture Exchange. "These outstanding companies are proven leaders in their respective sectors and we are proud to have them listed on TSX Venture Exchange. We wish them all continued success."
About Opsens (www.opsens.com)
Opsens is a leading developer, manufacturer and supplier of a wide range of fiber optic sensors and associated signal conditioners based on proprietary patented and patent pending technologies. Opsens' sensors provide long-term accuracy and reliability in the harshest environments. Opsens provides sensors to measure pressure, temperature, strain and displacement to original equipment manufacturers (OEM) and end-users in the oil and gas, medical, high-power transformers, and laboratory fields. Opsens provides complete technical support, including installation, training, after-sales service, for its fiber optics systems that are regulated by the ISO 9001-2008 norm.
The information contained herein is for information purposes only and is not an invitation to purchase securities listed on TSX Venture Exchange and/or Toronto Stock Exchange. TMX Group Inc. and its affiliates do not endorse or recommend any securities referenced. Neither TMX Group Inc. nor its affiliated companies represents, warrants or guarantees the accuracy or the completeness of the information. You should not rely on the information contained herein for any trading, business or financial purposes. TMX Group Inc. and its affiliates assume no liability for any errors or inaccuracies herein or any use or reliance upon this information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Opsens to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

For further information
Pierre Carrier, President and CEO, (418) 682-9996
Louis Laflamme, CA, CFO, (418) 682-9996


Related Headlines
Opsens named as part of 2010 TSX Venture 50 - CNW Group
Opsens announces private placement - CNW Group
Abiomed announces partnership with Opsens to utilize sensor technology for Impella - CNW Group
Opsens reports first quarter 2010 results - CNW Group
Opsens reports FY2009 results - CNW Group

AeroMechanical Services Ltd. Named as Part of 2010 TSX Venture 50

Defense News ~ CALGARY, Alberta--February 5, 2010, (BUSINESS WIRE)--TSX Venture Exchange today announced that AeroMechanical Services Ltd. (“AMA”) has been named as the number one ranked company within the diversified industries sector of the TSX Venture 50, a ranking of strong performers listed on the TSX Venture Exchange. TSX Venture 50 is comprised of 10 emerging companies in five industry sectors that have been identified as leaders in Canada’s public venture market.
“It is an honour to be named as part of this year’s TSX Venture 50 and especially as the number one ranked company within AMA’s industry sector,” said Bill Tempany, CEO. “Our listing on the TSX Venture Exchange has provided us with the ideal environment to meet our growth goals and objectives.”
The 2010 TSX Venture 50 were selected based on four equally weighted criteria that include return on investment, trading, analyst coverage and market capitalization growth in Cleantech, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences sectors.
“We are pleased to celebrate the 2010 TSX Venture 50,” said John McCoach, President, TSV Venture Exchange. “These outstanding companies are proven leaders in their respective sectors and we are proud to have them listed on the TSX Venture Exchange. We wish them continued success.”
About AeroMechanical Services Ltd.
AeroMechanical Services Ltd. provides proprietary technological solutions and services designed to reduce costs and improve efficiencies in the aviation industry. The company has successfully commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, afirs™ UpTime™, FLYHTStream™ and FIRSTTM allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time.
afirs, UpTime, FLYHT, FLYHTStream and aeroQ are Trade Marks of AeroMechanical Services Ltd.
The information contained herein is for information purposes only and is not an invitation to purchase securities listed on TSX Venture Exchange and/or Toronto Stock Exchange. TMX Group Inc. and its affiliates do not endorse or recommend any securities referenced. Neither TMX Group Inc. nor its affiliated companies represents, warrants or guarantees the accuracy or the completeness of the information. You should not rely on the information contained herein for any trading, business or financial purposes. TMX Group Inc. and its affiliates assume no liability for any errors or inaccuracies herein or any use or reliance upon this information.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6168979&lang=en
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6168979

Contact:
AeroMechanical Services Ltd

Tom French, CFO, 403-291-7427
tfrench@amscanada.com
www.amscanada.com
or
The Howard Group Inc.
Bob Beaty, 1-888-221-0915
Info@howardgroupinc.com
www.howardgroupinc.com


Related Headlines
AeroMechanical Services Ltd. Named as Part of 2010 TSX Venture 50 - Business Wire
AeroMechanical Services Ltd. Announces Commencement of Middle East Shipments - Business Wire
AeroMechanical Services Ltd. Announces Issuance of Stock Options - Business Wire
AeroMechanical Services Ltd. Announces Successful Conversion of Clients to UpTime - Business Wire
AeroMechanical Services Ltd. Announces European and Canadian Approval for Business Jets - Business Wire

Eurocopter says Taiwan helicopters for civil use

Defense News ~ PARIS, Feb 5 (Reuters) - European helicopters being sold to Taiwan are civil models to be used for search and rescue missions, manufacturer Eurocopter said on Friday.
Taiwan said earlier it would buy up to 20 military helicopters from Europe less than a week after Washington infuriated China by proposing a $6.4 billion arms deal for the island which Beijing claims as its own."Eurocopter confirms that, following an international tender, it has been selected by Taiwan for the purchase of 3 EC225 civil helicopters, which will be used for search and rescue missions," Eurocopter said in a statement.
Eurocopter is a subsidiary of French, German and Spanish group EADS (EAD.PA).
Eurocopter said the EC225 was already being operated in China, Japan, Korea, Malaysia and Vietnam for search and rescue missions, offshore operations and VIP transport.

(Reporting by Tim Hepher; Editing by Dan Lalor)

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