Arrhythmia Research Technology, Inc. and Cyalume Technologies, Inc. Announce Exclusive Multi-Year Supply AgreementMK281 MOD 0 an
18 Junio 2007 - 4:05PM
Business Wire
Micron Products, Inc. (�Micron�) a wholly owned subsidiary of
Arrhythmia Research Technology, Inc. (the �Company�) (AMEX: HRT)
has entered into an exclusive seven-year supply agreement with
Cyalume Technologies, Inc. (�Cyalume�) of West Springfield,
Massachusetts to produce metal and plastic resin components for
it�s MK281 MOD 0 and MOD 1 Ogive Assembly for use in 40mm High
Velocity training munitions. The agreement calls for Micron,
through its divisions, to supply precision machined metal and
thermoplastic injection molded components to Cyalume�s West
Springfield facility. Cyalume with Micron components completes
final fabrication and assembly into training munitions for use by
select U.S. and NATO forces. Cyalume supplies two versions, the
MOD�0 and MOD�1, of 40mm high velocity training rounds that provide
a visible, non-pyrotechnic impact signature to allow soldiers to
see where they strike. When utilized in such platforms, the MK 19
and MK 47 belt fed automatic grenade launchers can fire up to 350
grenades per minute. The MOD�1 version also provides a
chemiluminescent component that allows observation of the impact
signature during night fighting. The impact signatures provided by
both versions are visible to the gunner�s naked eye. The training
round is ballistically equivalent to the actual live round and
provides an accurate training tool without the higher cost or
danger of live fire practice rounds. The use of completely
non-pyrotechnic training projectiles also eliminates the risk of
range fires and unexploded training ordinance. Initial deliveries
of the new training ordinance have been made to NATO, the U.S.
Marines and Special Forces. Cyalume expects that the
non-pyrotechnic training rounds will gain universal acceptance with
other military services in time and replace existing live 40mm
training munitions. James E. Rouse, the Company�s President and CEO
commented, �We are very pleased to have been chosen by Cyalume
Technologies to supply two critical components in each of the MOD�0
and MOD�1 versions of the Ogive assembly. We have worked closely
with Cyalume�s engineers during the design and development phase
and are excited about the potential growth of this product line.
Micron is proud to be associated with Cyalume�s vision and ability
to adapt its patented light technology for this military
application which is a significant step forward in reducing the
risk of death and injury to military personnel during training.�
About Cyalume Technologies, Inc. On January 23, 2006, the Military
and Safety Division of OmniGlow� Corporation, located in West
Springfield, Massachusetts, became Cyalume Technologies, Inc., a
separate entity. Cyalume Technologies is the world leader in the
chemiluminescent industry providing dependable light uses in
emergencies such as blackouts, industrial accidents, acts of
terrorism and natural disasters. Cyalume manufactures a full
complement of Military grade Cyalume� brand, Industrial grade
SnapLight� brand and Consumer grade SafetyBright� brand emergency
lighting solutions. For more information please visit:
http://www.cyalume.com http://www.cyalume.com/militaryusa.php About
Arrhythmia Research Technologies, Inc. ART, through Micron,
manufactures silver plated and non-silver plated conductive resin
sensors and distributes metal snaps used in the manufacture of
disposable ECG, EEG, EMS and TENS electrodes. Micron�s NEM division
manufactures custom injection molded products for medical,
electronic, industrial and consumer applications. Micron�s MIT
division provides end-to-end product life cycle management through
a comprehensive portfolio of value-added services such as design,
engineering, prototyping, manufacturing, machining, assembly and
packaging. Micron�s Leominster Tool division provides high end mold
design and manufacturing for the injection molding industry. The
Company�s products also include proprietary signal-averaging
electrocardiography (SAECG) software used in the detection of
potentially lethal hearth arrhythmias. For more information please
check our websites: http://www.arthrt.com
http://www.micronproducts.com http://www.leominstertool.com
http://www.newenglandmolders.com http://www.micronintegrated.com
Note Regarding Forward Looking Statements Forward-looking
statements made herein are based on current expectations of the
Company that involve a number of risks and uncertainties and should
not be considered as guarantees of future performance. The factors
that could cause actual results to differ materially include:
interruptions or cancellation of existing contracts, impact of
competitive products and pricing, product demand and market
acceptance, risks, the presence of competitors with greater
financial resources than the Company, product development and
commercialization risks, changing economic conditions in developing
countries, and an inability to arrange additional debt or equity
financing. More information about factors that potentially could
affect the Company's financial results is included in the Company's
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-KSB for the year ended December 31, 2006.
Micron Solutions (AMEX:MICR)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Micron Solutions (AMEX:MICR)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024
Real-Time news about Micron Solutions Inc (American Stock Exchange): 0 recent articles
Más de Arrhythmia Research Technology, Inc. ArtÃculos de Noticias