Total : 11 View more »
MAIDEN, N.C., Nov. 2 /PRNewswire-FirstCall/ -- Air T, Inc. (Nasdaq Capital Market: AIRT) today reported consolidated net earnings of $847,000 ($0.35 per diluted share) for fiscal 2010's second quarter ended September 30, 2009, compared to consolidated net earnings of $1,322,000 ($0.55 per diluted
http://www.aviationtoday.com/pressreleases/Air-T-Reports-Unaudited-Second-Quarter-Results_36328.html
MAIDEN, N.C., Oct. 26 /PRNewswire-FirstCall/ -- Air T, Inc. (Nasdaq Capital Market: AIRT) announced that it will release its results for the period ended September 30, 2009 on Monday, November 2, 2009.
MAIDEN, N.C., Nov. 2 /PRNewswire-FirstCall/ -- Air T, Inc. (Nasdaq Capital Market: AIRT) today reported consolidated net earnings of $847,000 ($0.35 per diluted share) for fiscal
http://finance.yahoo.com/news/Air-T-Reports-Unaudited-prnews-1898225458.html?x=0
MAIDEN, N.C., Oct. 26 /PRNewswire-FirstCall/ -- Air T, Inc. (Nasdaq Capital Market: AIRT) announced that it will release its results for the period ended September 30, 2009 on Monday, November 2, 2009. Walter Clark, President and Chief Executive Officer, and John Parry, Chief Financial Officer,
Total : 9 View more »
MAIDEN, N.C., Nov 02, 2009 /PRNewswire-FirstCall via COMTEX/ --
Air T, Inc. (Nasdaq Capital Market: AIRT) today reported consolidated net earnings of $847,000 ($0.35 per diluted share) for fiscal 2010's second quarter ended September 30, 2009, compared to consolidated net earnings of $1,322,000 ($0.55 per diluted share) for the second quarter of fiscal 2009. The Company also reported year-to-date earnings for the six months of $1,965,000 ($.81 per diluted share) compared to $2,662,000 ($1.10 per diluted share) for the similar fiscal 2009 period.
Consolidated revenues for fiscal 2010's second quarter were $20,142,000, a decrease of 16% compared to the similar 2009 fiscal quarter. Consolidated revenues for the first six months of the 2010 fiscal year were $39,090,000, also a 16% decrease from the prior year comparable period. Revenues for the quarter and first half of the fiscal year reflected a decrease in the delivery of domestic commercial deicers and military deicers as well as a decrease in revenues from the air cargo segment of the business as the Company flew six fewer revenue aircraft in the current periods. The Company did see a continued increase in revenues from Global Aviation Services. At September 30, 2009, backlog was $13.6 million compared to $8.4 million at March 31, 2009 and $18.6 million at September 30, 2008.
Walter Clark, Chairman and Chief Executive Officer of Air T, commented, "We have come off of our record revenue and earning pace of last year but have still managed to produce strong results in a challenging environment. We saw a slowdown in the demand for commercial deicers and have also felt the effect of the reduction in revenue aircraft that has taken place in our air cargo segment over the past year. We are encouraged by the United States Air Force placing the new deicer contract with us and we are also encouraged by the continuing growth of Global Aviation Services. Our equipment manufacturing subsidiary has developed several new products which we feel are timely to the market. The first is a lower cost deicer that should be a good fit for regional airlines and FBO deicing operations. The other new product development is a glycol recovery vehicle for use in conjunction with deicing operations to mitigate the environmental impact of the spent glycol. There are newly proposed federal clean water rules that would make recovery of a certain portion of the glycol mandatory."
FINANCIAL HIGHLIGHTS
(In thousands, except per share data)
Three Months Ended Six Months Ended
------------------ ------------------
09/30/09 09/30/08 09/30/09 09/30/08
-------- -------- -------- --------
Operating Revenues $20,142 $24,012 $39,090 $46,429
======= ======= ======= =======
Net Earnings $847 $1,322 $1,965 $2,662
======= ======= ======= =======
Net Earnings Per Share - Diluted $0.35 $0.55 $0.81 $1.10
======= ======= ======= =======
Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA, Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.
For a more detailed presentation and discussion of the Company's results of operations and financial condition, please read the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 filed earlier today with the Securities and Exchange Commission. Copies of the Form 10-Q may be accessed on the Internet at the SEC's website, http://www.sec.gov.
Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to the risk that contracts with major customers will be terminated or not extended, uncertainty regarding legal actions against the Company, future economic conditions, inflation rates, competition, changes in technology or government regulation, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Air T, Inc.
http://www.airt.net
Tags: air force air freight aircraft airline aviation cargo ceo commercial contract earnings environment federal government industrial inflation legal manufacturer manufacturing military nasdaq new product puerto rico rates revenue securities technology water
Companies: Air T Inc (AIRT)
New York, NY, Nov 02, 2009 (M2 PRESSWIRE via COMTEX) --
The Wyncrest Group, Inc. (PINKSHEETS: WNCG); Air T, Inc. (NASDAQ Capital Market: AIRT); Wonder Auto Technology, Inc. (NASDAQ: WATG)
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The Wyncrest Group, Inc. closed at $0.038 Friday, trading 248,441 shares.
Company News- November 2, 2009: The Wyncrest Group and HomeFree-USA to Tackle Homeownership Initiative
The Wyncrest Group, Inc. (PINKSHEETS: WNCG) earlier today announced its plans to expand its efforts assisting homeowners.
About The Wyncrest Group
The Wyncrest Group is a publicly traded company based in Chicago, Illinois, which provides insurance products and services through its Southwest Financial Group subsidiary (SFG) and Wyncrest Offshore Services. SFG has been in business for 21 years, has 18,000 clients, and sells through 85 representatives nationwide. During 2008, approximately $22 million in total insurance policy sales were generated resulting is $1.1 million of commission revenues. WNCG plans to continue to grow SFG through discounted acquisitions of competing agencies and applying its IT advantage with a U.S. patent pending automated business method for managing the acquired client books to improve policy renewal retention and up-selling. The company expects that this strategy will reduce cost of sales by half compared to traditional origination methods.
WNCG is also in negotiations with several acquisition targets developed over an ongoing two-year campaign to find distressed agencies and consolidate contract assets under one lower cost platform. Through its Wyncrest Offshore Services Division, the Company is expanding into the growing offshore insurance and reinsurance market by offering a variety of services and products, including a liability program for helicopter flight training schools and non-owner helicopter pilots, and a line of Warranty Service Policies operating as a controlled foreign corporation. Royalty income is expected from licensing insurance products patented under a new category of business methods, a strategy taken only by a few in a new class of small innovative insurance companies leading the industry.
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Air T, Inc. closed at $9.98 Friday, trading 8,300 shares.
Company News- November 2, 2009: Air T Reports Unaudited Second Quarter Results
Air T, Inc. (NASDAQ Capital Market: AIRT) earlier today reported consolidated net earnings of $847,000 ($0.35 per diluted share) for fiscal 2010's second quarter ended September 30, 2009, compared to consolidated net earnings of $1,322,000 ($0.55 per diluted share) for the second quarter of fiscal 2009.
About Air T, Inc.
Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA, Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.
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Wonder Auto Technology, Inc. closed at $12.94 Friday, trading 744,300 shares.
Company News- November 2, 2009: Wonder Auto Reports Its Third Quarter 2009 Financial Results
Wonder Auto Technology, Inc. (NASDAQ: WATG) earlier today announced its financial results for the third quarter ended September 30, 2009.
About Wonder Auto
Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts, suspension products and engine components. Wonder Auto ranked second and third in sales revenue in the Chinese market for automobile alternators and starters in 2008, respectively. Wonder Auto's products are used in a wide range of passenger and commercial automobiles with special focus on the fast-growing small- to medium-engine passenger vehicle market. For more information, please log on http://www.watg.cn .
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Tags: acquisition advisor air freight aircraft airline automobile automotive aviation broker business cargo china commercial contract dealer electrical e-mail euro finance financial results industrial insurance investment investment opinion manufacturer market media military nasdaq note policy products puerto rico reinsurance revenue sales securities small cap track training web
Companies: Air T Inc (AIRT), Wonder Auto Technology Inc (WATG), Wyncrest Group Inc (WNCG)
Oct 27, 2009 (M2 PRESSWIRE via COMTEX) --
STOCK MARKETING INC PRESENTS :
(OTCBB: NTMI - NT Media Corp. of California, Inc.) (NASDAQ: AIRT - Air T, Inc.) (NASDAQ: SAPE - Sapient Corp.) (NASDAQ: CBOU - Caribou Coffee Company, Inc.) (NASDAQ: QLTY - Quality Distribution, Inc.) (NASDAQ: CIEN - Ciena Corp.)
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(OTCBB: NTMI - NT Media Corp. of California, Inc.)
NT Media Partners with Hollywood Entertainment Producers for Webisode Series "Straight Up With A Twist"
Sinahome Entertainment, LLC and Marble Step Production Team Up with NT Media to Produce Original Comedy Series for Video Sharing Site NeuroTrash.tv
LOS ANGELES, Oct 27, 2009 -- NT Media Corp. (www.ntmedia.tv) (OTCBB:NTMI), a developer and operator of media and social networking websites, announced a partnership today with Hollywood-based production companies Sinahome Entertainment, LLC and Marble Step Production to produce a series of comedy shorts. The webisodes, called "Straight Up With A Twist," will be distributed on NT Media's alternative-format video sharing site NeuroTrash.tv.
Currently in pre-production, "Straight Up With A Twist" is a series of shorts that explore the comedies of urban nightlife. The webisodes are scheduled for release in the first quarter of 2010 and filming will begin in November 2009. NT Media is producing the series as part of an ongoing initiative to release original content on NeuroTrash.tv.
Launched in January 2009, NeuroTrash.tv is a video-sharing site targeting young adults between the ages of 18 and 35. Users are able to post and share videos on the site, as well as take advantage of the site's video player for sharing original videos on their own sites, social networking profile pages and blogs.
"Both Sinahome and Marble are perfect partners for this video project," said NT Media CEO Ali Moussavi. "They have developed concepts that will tap into the key NeuroTrash.tv demographic by leveraging a rising trend of viral online comedy shorts. Original content like 'Straight Up With A Twist' will continue to raise awareness of this highly-demanded niche and will provide content that promotes sustained site traffic."
For advertising and sponsorship opportunities please email contact@ntmedia.tv.
NT Media's revenue model for NeuroTrash.tv is based on standard display banner ads, in-stream video advertising, products sales and services.
Advertisers are also able to earn revenue from video ads embedded in other websites on which NeuroTrash.tv users place videos.
About NT Media
NT Media is a start-up digital media solutions provider and developer of niche content websites. The interactive and community-oriented content for NT Media sites, as well the sites' advertising, target specific interest groups and demographics in order to create an ongoing and open dialogue on trending topics and issues. NT Media's online communities integrate increasing trends in online social networking and community building, user generated original content and third-party applications.
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(NASDAQ: AIRT - Air T, Inc.)
Air T, Inc. to Report Second Quarter Results on November 2nd
MAIDEN, N.C., Oct 26, 2009 -- Air T, Inc. (Nasdaq Capital Market: AIRT) announced that it will release its results for the period ended September 30, 2009 on Monday, November 2, 2009. Walter Clark, President and Chief Executive Officer, and John Parry, Chief Financial Officer, will hold a conference call at 9:00 a.m. Eastern Time on November 2, 2009 to review those results. There will also be a replay of the call available by telephone through Monday, November 9, 2009.
The instructions for dialing into the call or accessing a replay of the call are as follows:
To participate live in the call:
Dial in #: (888) 487-0340
(719) 457-2683 from outside the United States
To listen to a replay of the call:
Dial in #: (888) 203-1112
(719) 457-0820 from outside the United States
Access Code: 7241633
Those interested in participating in the conference call may dial in five minutes prior to the start of the call. Please note that earnings calls will continue to be held semi-annually.
Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.
SOURCE Air T, Inc.
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(NASDAQ: SAPE - Sapient Corp.)
LATEST NEWS!!
Sapient to Announce Third Quarter Financial Results on November 5
BOSTON, Oct 26, 2009 -- Sapient (NASDAQ: SAPE) today announced that it will release results for the third quarter ended September 30, 2009 on Thursday, November 5, after the close of regular market hours.
Following the release, Alan J. Herrick, Sapient's president and chief executive officer and Joseph S. Tibbetts, Jr., senior vice president and chief financial officer, will discuss the results in a conference call beginning at 4:30 p.m. EST, which will also be broadcast live via the Internet.
The dial-in information for the conference call is:
US: (888) 713-4199 International: (617) 213-4861 Passcode: 38178807
Please use the following link to pre-register for the conference call:
https://www.theconferencingservice.com/prereg/key.process?key=PRHP4JWRG
To access the live webcast of the event, please click here:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=65979&eventID=2505044
In addition, a re-broadcast of this conference call will be available from November 5 at 7:30 p.m. EST through November 12 at 11:59 p.m. EST.
The replay information is as follows:
US: (888) 286-8010 International: (617) 801-6888 Passcode: 45294374
The archived webcast of this event may be accessed at:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=65979&eventID=2505044
About Sapient
Sapient is a global services company that helps clients compete, evolve and grow in an increasingly complex marketplace. Sapient's offerings include a strategy-led brand experience group that--through its best-of-breed digital marketing services and world-class traditional advertising and brand strategy--is enabling leading brands to create immersive consumer experiences through multi-channel marketing and multi-channel commerce. In addition, Sapient's business and technology services group provides a broad range of services that enable companies to optimize their business processes, drive efficiencies and achieve greater profit growth.
Sapient's passion for client success--evidenced by its ability to foster collaboration, drive innovation and solve challenging problems--is the subject of case studies on leadership and organizational behavior used by MBA students at both Harvard and Yale. Leading clients, including BP, Essent Energie, Hilton International, Janus, Sony Electronics and Verizon, rely on the company's unique approach to drive growth and market momentum. Headquartered in Boston, Sapient operates across North America, Europe, Asia and Australia. For more information, please visit
www.sapient.com.
Sapient is a registered service mark of Sapient Corporation.
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(NASDAQ: CBOU - Caribou Coffee Company, Inc.)
LATEST NEWS!!
Caribou Coffee Realigns Leadership Team
MINNEAPOLIS, Oct 26, 2009 -- Caribou Coffee, the second largest coffee chain in the United States, is pleased to announce the promotion of Daniel E. Lee to secretary, senior vice president and general counsel of Caribou Coffee, and the appointment of Dan Hurdle to the role of senior vice president, retail operations and product management of Caribou Coffee.
"I am delighted to announce the shift in leadership at Caribou," said President and CEO Mike Tattersfield. "We continue to focus our resources and talents on our key strategic initiatives, actively pursing our goal of developing Caribou Coffee into a world-class branded coffee company."
Dan Lee contributes nearly two decades of comprehensive legal experience to Caribou. He is responsible for all aspects of the legal and risk management functions in addition to playing a key role in several major initiatives since joining the company in 2005.
Lee previously worked for International, Inc., Carlson Companies, Inc., and General Electric, where he served in a variety of in-house counsel and executive roles. He earned a bachelor's degree in marketing and a bachelor's degree in biology from St. Cloud State University. Lee also has a master's degree in business administration from Minnesota State University, Mankato and a juris doctorate from Hamline University School of Law.
Dan Hurdle assumes the retail operations leadership role in addition to his product management responsibilities, which he began in 2008. During the past year, Hurdle also oversaw the supply chain and store development functions at Caribou.
Hurdle previously worked for Washington Mutual Retail, Starbucks Coffee Company and McKinsey Co. He graduated with a master of science degree from the University of Cambridge, U.K., and earned a bachelor's degree from the U.S. Naval Academy, serving as a submarine officer in the U.S. Navy.
"I am pleased with Dan's expanded role," said Tattersfield. "Through his strong leadership, the product management team has developed a culture of quality and innovation that will continue to serve us well in the future."
ABOUT THE COMPANY Caribou Coffee (Nasdaq: CBOU) founded in 1992, is the second-largest company-owned gourmet coffeehouse operator in the world, based on number of coffeehouses. At Caribou Coffee, our mission statement is "an experience that makes the day better." We provide this by sourcing the highest-quality coffee in the world and craft roasting it in small batches to bring out the best in every bean. We bring this extraordinary coffee to our customers through grocery locations, online, or through our coffeehouses, which provide a relaxing escape for our customers. Caribou Coffee is committed to expanding our business by bringing this experience to new customers without compromising our unwavering commitment to quality. Caribou Coffee is a proud recipient of the Rainforest Alliance Corporate Green Globe Award and the Specialty Coffee Association of America (SCAAs) 2008 Roasters Choice Tasting Competition. For more information, visit www.cariboucoffee.com.
SOURCE: Caribou Coffee ---------------------------------------------------------------------------------------------------------------------------------------------- --------------
(NASDAQ: QLTY - Quality Distribution, Inc.)
LATEST NEWS!!
Quality Distribution, Inc. to Present at Stephens, Inc. Fall Investment Conference on November 18, 2009
TAMPA, Fla., Oct 26, 2009 -- Quality Distribution, Inc. (Nasdaq:QLTY) ("Quality) announced that it will participate in the Stephens, Inc. Fall Investment Conference on Wednesday, November 18, 2009 at The New York Palace Hotel in New York, New York. At the conference, Gary Enzor, President and Chief Executive Officer, and Steve Attwood, Senior Vice President and Chief Financial Officer, will present a general overview of Quality's business at 1:00 p.m. (EST).
The presentation will be webcast and can be accessed at http://www.wsw.com/webcast/stph13/qlty/ or at Quality's Investor Relations site at
http://investor.shareholder.com/qualitydistribution/events.cfm. The webcast will be archived for 90 days following the conference.
Headquartered in Tampa, Florida, Quality Distribution, Inc. through its subsidiaries, Quality Carriers, Inc. and Boasso America Corporation, and through its affiliates and owner-operators, provides bulk transportation and related services. Quality Distribution is a core carrier for many of the Fortune 500 companies that are engaged in chemical production and processing.
Quality Distribution, Inc.'s common stock trades on the NASDAQ Global Market (GM) under the symbol "QLTY." For further information about Quality, visit the company's website at www.qualitydistribution.com.
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(NASDAQ: CIEN - Ciena Corp.)
LATEST NEWS!!
Ciena's CN 5305 Service Aggregation Switch Receives Highest Possible Ranking from Broadband Gear Report
Carrier Ethernet switch recognized by panel of MSO technical executives as a superb product that sets a new standard for performance and provides groundbreaking new technical milestones
LINTHICUM, Md., Oct 26, 2009 -- Ciena(R) Corporation (NASDAQ: CIEN), the network specialist, today announced that its CN 5305(TM) Service Aggregation Switch received the highest possible ranking -- 5 out of 5 diamonds -- in Broadband Gear Report's (BGR) 2009 Diamond Technology Reviews. Based on BGR's product rating system of 0 to 5 diamonds, a score of 5 is considered to be "a superb product that sets a new standard for performance and provides groundbreaking new technical milestones." Platforms within Ciena's Carrier Ethernet Service Delivery (CESD) portfolio (CESD) portfolio, which includes CN 5305, have been deployed by more than 100 carriers, wireless service providers, cable operators and new entrants in 25 countries, including recent deployments by Clearwire and Mzima Networks.
Based on Ciena's field-proven True Carrier Ethernet(R) technology, CN 5305 is optimized for metro edge networks and delivers high-density Gigabit Ethernet (GbE) connectivity to the subscriber edge and high-performance 10GbE uplinks to the service provider core. It combines the low cost and high capacity of Ethernet with the reliability, management and service quality typically associated with SONET/SDH systems. CN 5305 features a software architecture based on a common, service-aware operating system that is used across Ciena's entire CESD portfolio, providing a consistent deployment model and zero-touch, automated device configuration and service provisioning that can result in up to 60 percent faster service provisioning and as much as 40 percent reduction in operational expense versus platforms that rely on manual configurations.
"Ciena's CN 5305 Service Aggregation Switch received superlative rankings in this year's Diamond Technology Reviews program with the judges paying particular notice to its robustness," said Laura Hamilton, editor-in-chief at BGR. "The panelists who reviewed the solution saw it as an elegant way for cable operators to contend with mixing and managing multiple service encapsulation formats and handing them off successfully between the access and core networks."
The Diamond Technology Reviews are an annual product rating program where a group of senior broadband industry engineering professionals organized by BGR's editorial team analyze product applications submitted by the broadband industry's vendor community. This year, the judges included executives from Armstrong, Charter, Cox, Rogers, Suddenlink and Sunflower Broadband. The full results of the judging will be published both in BGR as well as in a special print issue to be distributed at SCTE's Cable-Tec Expo, from October 28-30, 2009 in Denver, Colo. Ciena will be showcasing CN 5305 at the Expo in Booth #11033.
"This recognition by BGR's panel of technical industry executives further validates the customer traction we're seeing for flexible Carrier Ethernet solutions that can cost-effectively scale to support the growing capacity needs and service diversity of today's metro edge networks," said Steve Alexander, chief technology officer at Ciena. "CN 5305 achieves this through its unique pay-as-you-grow architecture and innovative software automation that lets service providers rapidly modify and introduce new services -- across a broad range of relevant applications, including wireless backhaul and Ethernet business, residential and wholesale services."
About Ciena
Ciena specializes in practical network transition. We offer leading network infrastructure solutions, intelligent software and a comprehensive services practice to help our customers use their networks to fundamentally change the way they compete. With a global presence, Ciena leverages its heritage of practical innovation to deliver maximum performance and economic value in communications networks worldwide. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
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StockMarketingInc.com is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by StockMarketingInc.com. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed.
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((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
Tags: advertising air freight aircraft airline architecture asia australia aviation bandwidth biology business california cargo carrier ceo coffee commerce communications community conference consumer corporate diamond earnings electronics email e-mail engineering entertainment Ethernet europe executive financial results grocery hotel industrial investment investment opinion law legal manufacturer market marketing media military minnesota nasdaq navy networking new_york north america note online operating system partnership president product management products profit puerto rico residential retail revenue sales science software technology traffic transportation university video washington web wholesale wireless
Companies: Air T Inc (AIRT), Caribou Coffee Co (CBOU), NT Media Corp of California (NTMIE), Quality Distribution Inc (QLTY), Sapient Corp. (SAPE)
OLATHE, Kan., Oct 19, 2009 /PRNewswire-FirstCall via COMTEX/ --
Global Ground Support LLC (GGS), a subsidiary of Air T, Inc. (Nasdaq Capital Market: AIRT) announced that it has signed agreements with a company based in Millesimo, Italy, Fresia S.p.A., to manufacture and distribute Fresia snow removal equipment in the United States. Fresia was established in 1923 and is a worldwide provider of snow removal equipment, heavy duty trucks and other industrial vehicles.
GGS also recently displayed two new product lines at the Inter-Airport Europe airport equipment show in Munich. The Global ORION is an 880 gallon deicer which will provide an economical deicing solution for regional airlines and airports around the world. The Orion is a self-propelled aircraft deicer that uses four wheel drive and steer capabilities to move nimbly and efficiently while deicing aircraft. The platform height is over forty feet which enables the Orion to deice a wide variety of aircraft. The second product, the Global Glycol Recovery Vehicle, is chassis mounted and designed to recover deicing fluids on airport ramps and gates. This unit has exceptional performance and is expected to meet the ever increasing environmental demands that airports and the industry are facing.
Walter Clark, Chairman and Chief Executive Officer of Air T, commented, "We are delighted to enter into this relationship with Fresia. They are a company with a long history of outstanding and innovative products and share many of our business beliefs and principles. We are also excited about these new product offerings and believe they are timely and innovative answers to the market place needs. The ORION was well received at the Munich show."
Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.
SOURCE Air T, Inc.
http://www.airt.net
Tags: air freight aircraft airline airport aviation business cargo ceo europe industrial italy manufacturer military nasdaq new product products puerto rico
Companies: Air T Inc (AIRT)
Total : 18 View more »
Air T Inc. operates in two industry segments, providing air cargo services to the air express delivery industry through its wholly owned subsidiaries, Mountain Air Cargo, Inc. ("MAC") and CSA Air, Inc.
MAIDEN, N.C. , June 5 /PRNewswire-FirstCall/ -- Air T, Inc. (Nasdaq: AIRT) announced that it will release its results for year-end March 31, 2008 on Thursday, June 12, 2008 .
Corporate Info Shareholder Information Financial Information Subsidiaries Employees Area Employees Area Click here for: Employee E-Mail Web Access Employee Expense Report Entry Air T, Inc. Computer Use Policy Air T, Inc. Security Administration IT Policies and Procedures Air T, Inc. IT Change
for the quarter ended June 30, 2007 compared to the same quarter in the prior fiscal year. Revenues were consistent in the air cargo segment and the ground equipment segment saw a small reduction in sales compared to the first quarter of the prior year.
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Air T Incorporated is a 27-year-old company based in North Carolina, and their business model includes transportation of cargo, primarily through leased airplanes but also through ...
A Short Term Buy: Air T Incorporated [Investing:Stocks] As the holiday season approaches with the price of crude oil remaining relatively low juxtaposed to prices reported last year ...
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