Most Asian markets ended lower yesterday on fears of a possible downgrade of Greek debt. Japan's Nikkei lost 1.0 per cent while a rising yen weighed on exporters. Taiwan market fell 1.4 per cent and South Korean's Kospi declined 1.6 per cent. But China's Shanghai Composite rose 1.3 per cent, as investors were expecting an annual parliament session in March may reaffirm China's relatively loose monetary policy.
QRSciences (QRS: ASX) (QRSHY: PK), announced today that it has developed an advanced metal detection technology (AMDS) that will shortly be available for commercial sale. The Company is at an advanced stage of negotiation for its first contract with the new AMDS technology. The contract with a prominent government agency is expected to be finalized shortly. "The AMDS equipment will create a new revenue stream to complement our QR equipment sales and will positively affect our revenue almost immediately," said QRSciences CEO Mr. Kevin Russeth.
Translucent Inc., Silex Systems' (ASX: SLX) silicon electronics and photonics semiconductor subsidiary based in Palo Alto, California, has achieved another major milestone in its quest to develop advanced silicon-based photonics devices.
