ADT RECEIVES $4.8 MILLION CONTRACT FROM DTRA
Advanced Diamond Technologies, Inc. (ADT) has been awarded the first phase of a three-year, $4.8 million contract from the Defense Threat Reduction Agency (DTRA) to develop diamond-based sensors for the real-time detection of water-based chemical and biological agents.
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BAE RECEIVES ARMOR CONTRACTS FROM SIKORSKY
BAE Systems recently announced that it has received contracts from Sikorsky Aircraft for the development and initial deliveries of CH-53K cockpit seats and cabin armor systems. The first deliveries of both seats and cabin armor are scheduled for 2010, and the total value of the programs is estimated at approximately $90 million through 2022.
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FERRO UPDATES FOURTH QUARTER ESTIMATES
Ferro Corp. recently reported that deteriorating conditions in the global economy resulted in significantly lower-than-expected demand for its products in the three months ended December 31, 2008. The company now expects to report net sales for the fourth quarter of 2008 in the range of $430 million to $435 million, or approximately 25% below the same period in 2007.
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HERAEUS ACQUIRES BASF ELECTRONIC AND DECORATIVE BUSINESS
Heraeus has entered into an agreement to acquire the BASF Catalysts thick films and ceramic colors business located at BASF's East Newark, N.J., site. Financial terms of the transaction were not disclosed.
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LUCIFER LAUNCHES LINE OF GENERAL-PURPOSE BOX FURNACES
A line of general-purpose box furnaces manufactured by Lucifer Furnaces, Inc. is now available for hardening, drawing, preheating, annealing, brazing, normalizing and special applications under air atmosphere.
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NEXTGEN FORECASTS LED SALES TO TOP $33 BILLION BY 2013
The LED market will experience robust growth over the next five years, fueled by increasingly powerful and energy-efficient offerings that will help businesses and consumers lower their total cost of ownership (TCO), accelerate return on investment (ROI) and be more environmentally friendly.
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NSG ANNOUNCES PROFITABILITY IMPROVEMENT INITIATIVES
The board of the NSG Group recently approved a series of measures designed to address the economic downturn and improve profitability going forward. These initiatives build on action already taken by management in response to the sudden and rapid changes in the global economic environment.
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LAMOSA INSTALLS ROBOTIZED GLAZING LINE FROM SACMI
A leading producer of tile, sanitaryware and ceramic adhesives, the Lamosa Group, Monterrey, Mexico, is pressing ahead with investments aimed at boosting its presence in national and international markets. Lamosa's recent installation and start-up of a robotized glazing line for WC production was supplied by Gaiotto Automation, a Sacmi Group company that specializes in automation.
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ONE-YEAR STAY ON TESTING REQUIREMENTS ISSUED FOR CPSIA
In response to an outcry by manufacturers, small businesses and retailers, the Consumer Product Safety Commission (CPSC) voted on January 30 to issue a one-year stay on enforcement of certain testing and certification requirements for manufacturers and retailers of most products covered by the Consumer Product Safety Improvement Act (CPSIA).
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