Electro Optic Systems Holdings Limited (ASX:EOS) (PINK:EOPSF) has been awarded a new contract for delivery of remote weapon systems. The contract value is approximately A$10 million and the systems will be delivered within 6 months.
Google Inc. (NASDAQ:GOOG) Australia has become a sponsor of "Team Trev" as it prepares to race a unique electric vehicle around the world. "Trev" (Two-seater Renewable Energy Vehicle) is Australia's competitor in Zero Race (www.zero-race.com) the first zero emission race around the world for electric vehicles powered by renewable energy.
The ZERO Race is an 80-day race around the world with 100% electric cars running on 100% renewable energies, starting on 16 August in Geneva, Switzerland. The ZERO Race is a modern adventure, propelled by clean energies and trend-setting technology organised by Swiss solar pioneer Louis Palmer.
Shares in GUD Holdings Limited (ASX:GUD) closed 3.41 per cent higher as it said net profit after tax (NPAT) was up 33 per cent to a record A$46.4 million for the year ending 30 June 2010, up from A$34.8 million in the prior year. The strong result is attributed to a combination of margin expansion, continued tight cost control, a reduction in interest costs and modest sales growth.
Electro Optic Systems Holdings Limited (ASX:EOS) (PINK:EOPSF) has been awarded a A$4.04 million grant from the Australian Space Research Program ("ASRP") to develop the world's first automated, high-precision, laser-based, space debris tracking system.
The Australian shares continue to suffer a stock market downturn caused by debt crisis in Europe. Yesterday the Australian market closed nearly unchanged in a day of fluctuating trade. The benchmark S&P/ASX200 index Wednesday shed more than 1.5 per cent in early trade after Wall Street resumed its slide on a surprise move by Germany to restrict some financial transactions against banks.
South Korea's Samsung SDI Co Ltd (SEO:006400) on Tuesday reported a 72 per cent hike in first quarter operating profit to 64.6 billion won, compared with a 37.5 billion profit a year earlier. This is largely due to its solid performance across all businesses, including rechargeable battery and plasma-display-panel segments.
