June 10, 2010 (FinancialWire, The Small Cap News Leader) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) -- Today’s featured articles include CPI Aerostructures, Inc. (AMEX: CVU), The Boeing Co. (NYSE: BA), Secure Path Technology, Inc. (OTCBB: SPHT), CBS (NYSE: CBS), AbitibiBowater (OTC: ABWTQ), A123 Systems (NASDAQ: AONE), Navistar, Inc. (NYSE: NAV), WidePoint Corp. (AMEX: WYY), Kensington Leasing, Ltd. (OTCBB: KNSL), Hemiwedge Industries, Inc. (OTC: HWEG), China GengSheng Minerals, Inc. (AMEX: CHGS), Global Capacity (OTCBB: CGSY), Endo Pharmaceuticals (NASDAQ: ENDP) and Penwest Pharmaceuticals (NASDAQ: PPCO):
CPI Aerostructures Wins $967,108 Boeing Contract
CPI Aerostructures, Inc. (AMEX: CVU) said that it has received a new award valued at $967,108 from the Boeing Defense, Space & Security unit of The Boeing Co. (NYSE: BA) for spare main landing gear door assemblies for the A-10 aircraft… (continued at http://www.financialwire.net/2010/06/10/cpi-aerostructures-wins-967108-boeing-contract/).
Secure Path, CBS Ink ISAN Deal
Secure Path Technology, Inc. (OTCBB: SPHT), a data services firm for the media and entertainment industry, said it has inked a multi-year ISAN7 code registration agreement with CBS (NYSE: CBS). In addition to the code registration agreement, Secure Path also provides CBS with its proprietary MediaDNS metadata services platform to manage the ISAN registration process… (continued at http://www.financialwire.net/2010/06/10/secure-path-cbs-ink-isan-deal/).
AbitibiBowater Closes Asset Sales
AbitibiBowater (OTC: ABWTQ) said that its subsidiaries have completed the sale of three idle paper mills located in eastern Canada to a wholly owned affiliate of American Iron & Metal Company Inc. for C$8.7 million and the sale of assets located in British Columbia to an affiliate of Conifex Inc. for C$33.9 million. The eastern Canada sale included certain related assets and the property on which these paper mills are located, according to the company… (continued at http://www.financialwire.net/2010/06/10/abitibibowater-closes-asset-sales/).
A123 Builds On Navistar Agreement
A123 Systems (NASDAQ: AONE) has signed a production agreement with Navistar, Inc. (NYSE: NAV) to supply lithium ion battery systems for electric vehicles for the Navistar-Modec EV Alliance, LLC, a joint venture between Navistar and Modec Ltd. of the U.K. According to the supply agreement, which builds upon an earlier development agreement that was announced in March 2010, A123 will manufacture battery systems for Navistar's eStar electric delivery vehicle at its Livonia, Michigan facility… (continued at http://www.financialwire.net/2010/06/10/a123-builds-on-navistar-agreement/).
WidePoint Unit Wins U.S. Court Contract
WidePoint Corp. (AMEX: WYY), a firm offering wireless mobility management and cybersecurity solutions, said that its wholly owned subsidiary, iSYS, LLC, has been selected to provide wireless telecommunications expense management services to the U.S. federal courts. This is the fourth contract awarded to iSYS under the General Services Administration's Federal Strategic Sourcing Initiative Wireless TEM services contract… (continued at http://www.financialwire.net/2010/06/10/widepoint-unit-wins-u-s-court-contract/).
Kensington Leasing Buys Allianex
Kensington Leasing, Ltd. (OTCBB: KNSL) said that it has completed its acquisition of substantially all of the assets of Allianex, LLC. Allianex is a development stage company engaged in the business of producing, marketing and distributing a retail line of prepaid cards for the purchase of technology support and security services for electronic devices… (continued at http://www.financialwire.net/2010/06/10/kensington-leasing-buys-allianex/).
Hemiwedge Receives $512 Thousand Order
June 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) -- Hemiwedge Industries, Inc. (OTC: HWEG), a supplier of engineered valves, said it has received an order for $512 thousand for its Hemiwedge Cartridge valves from a Texas-based energy services customer. The purchase order was issued to Hemiwedge Valve, the operating subsidiary of Hemiwedge Industries that sells the patented valve product line… (continued at http://www.financialwire.net/2010/06/10/hemiwedge-receives-512-thousand-order/).
China GengSheng Wins Petroleum Contract
June 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) -- China GengSheng Minerals, Inc. (AMEX: CHGS), a China-based industrial materials manufacturer, said that it has secured a contract with China National Petroleum Corp. worth around $4.6 million, for its fracture proppant products. Product shipments under this contact and revenue recognition are scheduled to begin during the second quarter of 2010 and continue through the forthcoming twelve months… (continued at http://www.financialwire.net/2010/06/10/china-gengsheng-wins-petroleum-contract/).
Global Capacity Claims Contracts Totalling $5.2 Million
June 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) -- Global Capacity (OTCBB: CGSY), a telecommunications information and logistics firm, said that it has executed 102 contracts totaling greater than $5.2 million total contract value between January 1, 2010 and May 31, 2010. According to the company, 68% of the new contracts are recurring contracts representing over $4.3 million of total revenue… (continued at http://www.financialwire.net/2010/06/10/global-capacity-claims-contracts-totaling-5-2-mil/).
Endo, Penwest Settle Opana Suit
Endo Pharmaceuticals (NASDAQ: ENDP) and Penwest Pharmaceuticals (NASDAQ: PPCO) said they have settled litigation with Sandoz, Inc. regarding the production and sale of generic formulations of the generic pain drug Opana ER extended release tablets. Under the terms of the settlement, Endo and Penwest have agreed to grant Sandoz a license to sell a generic of Opana ER on September 15, 2012… (continued at http://www.financialwire.net/2010/06/10/endo-penwest-settle-opana-suit/).
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