Teledyne Technologies Incorporated (NYSE:TDY) announced that its subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., was awarded by the Missile Defense Agency (MDA) its Objective Simulation Framework (OSF), an IDIQ contract with a potential value of $595 million over five years beginning September 1, 2011.
Under the contract, Teledyne will design, develop, test, implement and maintain the OSF. It will be the centerpiece test and simulation framework for all elements of the missile defense system. The OSF will be capable of supporting full scale simulations, ground tests and live fire events. For the first time, it will tie together the Digital Simulation Architecture with the Single Stimulation Framework.
�Winning this significant contract reflects well on our capabilities for designing and developing test systems for complex applications such as missile defense,� said Robert Mehrabian, chairman, president, and chief executive officer of Teledyne Technologies. �We expect similar test technologies will have use in other markets we serve including energy, marine, aviation, space and environmental applications.�
Teledyne Brown developed the first digital and Hardware-in-the-Loop (HWIL) test and assessment capabilities for missile defense. Through the years, Teledyne Brown developed and supported advancements in test frameworks that established ground test standards for missile defense systems. The company also developed an OSF prototype that incorporates legacy digital and HWIL capabilities to support Ballistic Missile Defense System (BMDS) test and assessment activities. Teledyne Brown has executed BMDS tests and assessments at its headquarters in Huntsville, Ala. and at other locations.
More about TDY at www.teledyne.com
Cleantech Transit Inc. (CLNO.OB) was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector.
Cleantech Transit Inc. has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit, Inc. is pleased to announce it has met its funding requirement to secure the Company�s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass is renewable resources of energy from plant material. The conversion of biomass energy to electrical and mechanical energy is part of a process called cogeneration. In sugar mills, the biomass energy source is called bagasse and is the fiber from the sugar cane after it has been milled to extract the sugar. Other agricultural industries use the plant waste of their industry as the biomass energy source, such as rice husks in the rice industry.
Green waste is another source of biomass energy consisting of council garden waste and wood waste left over from pruning trees. This type of biomass is usually transported to a processing plant, where it passes through a grinding machine and over screens to sift out any dirt and other contaminants.
More about CLNO at www.cleantechtransitinc.com.
Crosstex Energy, L.P. (Nasdaq:XTEX) announced two promotions and changes in responsibilities among its senior management team, effective immediately. William W. (�Bill�) Davis, currently Executive Vice President and Chief Financial Officer, has been promoted to the newly created position of Executive Vice President and Chief Operating Officer. Michael J. Garberding, currently Senior Vice President of Business Development and Finance, has been promoted to Senior Vice President and Chief Financial Officer.
Crosstex Energy, L.P., through its subsidiary, Crosstex Energy Services, L.P. operates as an independent midstream energy company.
PURE Bioscience, Inc. (Nasdaq:PURE) creator of the patented silver dihydrogen citrate (SDC) antimicrobial, is sponsoring and exhibiting at the North American Meat Processors Association E. coli Prevention Conference being held this week in Chicago where Charles Deibel of Deibel Laboratories presented preliminary data on use of SDC in beef processing.
Pure Bioscience, Inc. engages in the development and commercialization of bioscience technologies principally in the United States. The company offers silver dihydrogen citrate (SDC) based antimicrobials.
A.Schulman, Inc. (Nasdaq:SHLM) announced that it is updating its adjusted net income guidance to between $50 million and $52 million for its fiscal year ending August 31, 2011. The Company had previously guided to the lower end of its prior range of between $57 million and $62 million.
A.Schulman, Inc. supplies plastic compounds and resins to consumer products, industrial, automotive, and packaging markets.
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