NuEarth Corp. (NUEC.PK)
NUEC, a manufacturer and marketer of "Clean & Green" products and technology, recently announced that it has concluded its acquisition of AB Technology, SA of Lokeren, Belgium. (AB Tech). AB Tech is a Northern European provider of "green" biodegradable cleaners and paint strippers. AB Tech's sales for 2009 were in excess of $4 million.
This merger of NuEarth and AB Tech marks a major milestone in the product offerings now available to their respective clients. Currently, a large number of industries, institutions and public sectors enhance their environments with solutions offered by the two organizations. Bringing them together provides a powerful platform for innovating and supporting the needs of their clients. The combined savings from the synergies will yield $2.1M to our bottom line while the addition product mix will add $7.5M to our top line"
NuEarth plans to enhance and support the existing products of both companies. New releases and ongoing product improvements will continue to be a key focus of the combined company. At the same time, NuEarth will leverage the application of AB Tech's family of products in combination with the existing product lines to interoperate with one another and with other applications. Over time, NuEarth will incorporate the best features and usability characteristics from the two product lines into a new, standards-based product set that will incorporate a scalable applications, the use of research services, unparalleled ease of use, and flexible customization features.
Both companies' Boards of Directors have approved the acquisition and merger. Subject to regulatory approval and other customary closing conditions, the transaction is expected to close later this year. The combined companies will operate under the NuEarth name and brand with corporate headquarters located in the United States.
To access to the company's website, visit: http://www.nuearthcorp.com/
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J. Crew Group, Inc. (NYSE:JCG)
JCG announced that Stephen J. Squeri had been appointed to its Board of Directors, effective September 15, 2010.
Mr. Squeri, 51, is group president of global services and chief information officer at American Express Company since 2009. Mr. Squeri joined American Express in 1985 and has held various senior positions since then, including executive vice president and chief information officer from 2005 to 2009, president of the Global Commercial Card division from 2002 to 2005 and president of Establishment Services Canada and the United States from 2000 to 2001. Prior to joining American Express, Mr. Squeri was a management consultant at Arthur Andersen and Company from 1981 to 1985.
Millard Drexler, J. Crew's Chairman and CEO, said, "We are pleased to welcome Steve to our Board. His experience with information technology and international business makes him a great fit for our Board of Directors and for J. Crew."
To access to the company's website, visit: www.jcrew.com
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Qualcomm Incorporated (Nasdaq:QCOM)
QCOM and MTN South Africa announced their successful collaboration in providing fans attending the 2010 FIFA World Cup™ with a quality 3G user experience. Working with Qualcomm's Engineering Services Group, MTN South Africa tested and verified its 3G network at major stadiums to support soccer enthusiasts as they made calls, sent text messages, browsed the Web, sent e-mails and uploaded photos from the matches. The collaboration enabled MTN South Africa to boost its wireless coverage and optimize its services for the legions of soccer fans using mobile devices.
"As the first African global sponsor of the 2010 FIFA World Cup, MTN was committed to providing its local customers and international visitors with a seamless experience during the 2010 World Cup and proactively identified ways in which this could be done," said Sameer Dave, chief technology officer of MTN South Africa. "All the fans within the stadium and the communities living and working around that stadium had to experience a world-class, quality and seamless service throughout the event."
During renovations of three soccer stadiums — Soccer City in Johannesburg, Moses Mabida in Durban and Green Point in Cape Town — MTN integrated distributed antenna systems throughout the sites to accommodate increases in voice and data usage. MTN and Qualcomm worked together to optimize these systems using Qualcomm Engineering Simulation Tools (QUEST), a solution that analyzes the dimensions of wireless networks to deliver optimal coverage and capacity. The custom-designed technology tools have helped other tier-one operators enhance their mobile capabilities for similar large-scale events, such as the 2010 U.S. football championship in Miami, Florida.
"The growth of 3G-capable smartphones is allowing more people to enjoy wireless data services while attending sporting events," said Dave. "This trend brings unique network demands in supporting large groups of subscribers in a relatively small geographic area. Qualcomm's engineering support was instrumental in helping us ensure that spectators received the reliable, high-speed voice and data services they have come to expect from MTN South Africa."
"Mobile subscribers increasingly rely on wireless connectivity to access information and share memorable life events, such as attending one of the world's largest and most celebrated sporting events," said James Munn, vice president of Qualcomm Sub-Sahara Africa. "We are very pleased to have collaborated with MTN South Africa on such an exciting project. Through similar collaborations, Qualcomm is helping operators around the world to fortify their mobile networks for the next wave of wireless data services."
To access to the company's website, visit: http://www.qualcomm.com/
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