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Company News Highlights 2002 p18 of 28:
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Partnership to design 100,000-frame/s digital imaging system
MAY 7--Redlake MASD Inc. (San Diego, CA; www.redlake.com) has agreed to partner with Wind River Systems Inc. (Alameda, CA; www.windriver.com) to develop the high-speed HG-100K digital imaging system.
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Cedara Software Corp. completes private placement to Analogic Corporation
MAY 7--Cedara Software Corp. (Toronto, Canada; www.cedara.com) has completed a private placement of 580,461 common shares of stock to Analogic Corporation (Peabody, MA; www.analogic.com) at approximately C$2.35 per share.
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EUROPEAN NEWS: Management moves
MAY 6--A number of important management moves have taken place recently throughout Europe that merit your attention. They cover new distributors, sales offices, and managerial promotions.
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DRS Technologies receives 2002 Herschel Award
MAY 6--The Infrared Technologies unit in Dallas, TX, of DRS Technologies Inc. (Parsippany, NJ; www.drs.com) has received the 2002 Herschel Award for its vertically integrated photodiode and high-density vertically integrated photodiode infrared detector technology.
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Robotic Vision Systems raises $15 million through private placement
MAY 6--Robotic Vision Systems Inc. (RVSI; Canton, MA; www.rvsi.com) has completed a private placement of common stock to accredited investors, raising $15.0 million in gross proceeds.
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Viisage and Hummingbird Defense Systems form strategic alliance
MAY 3--Viisage Technology Inc. (Littleton, MA; www.viisage.com) has formed a strategic alliance with Hummingbird Defense Systems Inc. (HDSI) to integrate its face-recognition technology with HDSI PECOS command-and-control software environment to create a new security solution.
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DALSA reports solid earnings for first-quarter 2002
MAY 3--DALSA Corp. (Waterloo, Ontario, Canada) has reported its first-quarter financial results for the period ended March 31, 2002. Despite the continued slowdown in the semiconductor and electronics market segment, DALSA delivered earnings consistent with management's expectations.
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EUROPEAN NEWS: Bayer AG and Cambridge Display Technology sign commercial support agreement
MAY 2--Bayer AG (Leverkusen, Germany) and Cambridge Display Technology (Cambridge, UK; www.cdtltd.co.uk) have signed a support agreement for the commercialization of critical materials used in the manufacture of light-emitting polymer displays.
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US Immigration and Naturalization Service orders live-scan systems
MAY 1--Visionics Corporation (Minnetonka, MN, and Jersey City, NJ; www.visionics.com) has received orders from the US Immigration and Naturalization Service Office of Inspections for 31 TENPRINTER 1133S live-scan fingerprint systems.
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Coreco Imaging reports first-quarter results
APRIL 30--Coreco Imaging Inc. (Montreal, Canada; www.imaging.com) reported revenue for the first quarter, ended March 31, 2002, of $4,837,358.
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