Aug 26, 2009 (M2 PRESSWIRE via COMTEX) -- TC | Quote | Chart | News | PowerRating -- Las Vegas CRWENews.com reveals a stock highlight watch on NewMarket Technology, Inc. (Pinksheets:NWMT - News) and NewMarket Colombia, SAS, a wholly-owned foreign subsidiary headquartered in Bogota, Colombia, announced August 25, 2009 a three-year, $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A. of Bogota, Colombia, under which WBA will outsource substantially all of its current operations to NewMarket Colombia. This is NewMarket's second major outsourcing agreement signed this year. NewMarket previously announced a similar agreement in Shanghai, China earlier this year. Approximately $25 million of NewMarket's $95 million in annual revenue reported in 2008 came from Latin America through the Company's operations in Brazil, Chile and Venezuela.
Thompson Creek Metals Company Inc. (TSX: TCM; NYSE: TC | Quote | Chart | News | PowerRating) (the "Company") announced August 25, 2009 that it has entered into an agreement with a syndicate of underwriters for a bought deal public offering of 15,500,000 common shares of the Company (the "Securities") at a price of C$14.00 per common share. The Company has also granted to the underwriters an over-allotment option, exercisable for a period of 30 days from the date of closing of the offering, to purchase up to an additional 2,325,000 Securities at the offering price.
SRA International, Inc. (NYSE: SRX), a leading provider of technology and strategic consulting services and solutions to government organizations and commercial clients, announced August 25, 2009 it has been awarded a task order by the U.S. Department of Homeland Security (DHS) Transportation Security Administration (TSA) under the EAGLE contract vehicle to monitor their information technology (IT) enterprise and assess IT security threats. The task order value is over $53 million, if all options are exercised, and will provide core primary and failover security operations center (SOC) services for up to five years.
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Crown Equity Holdings, Inc.: NewMarket Technology Inc. NWMT Announces $33 Million Outsourcing Agreement
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There is important news coming from NewMarket Technology, Inc. (PINKSHEETS: NWMT), as the company has just announced its second major outsourcing agreement signed this year. Yesterday after the markets closed, the company and NewMarket Colombia, SAS, a wholly-owned foreign subsidiary headquartered in Bogota, Colombia, announced a three-year, $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A. of Bogota, Colombia, under which WBA will outsource substantially all of its current operations to NewMarket Colombia.
This is NewMarket's second major outsourcing agreement signed this year. NewMarket previously announced a similar agreement in Shanghai, China earlier this year. Approximately $25 million of NewMarket's $95 million in annual revenue reported in 2008 came from Latin America through the Company's operations in Brazil, Chile and Venezuela.
"We are excited to enter the Colombian market with WBA and expand our reach in Latin America," stated President of Managed Services, Bruce Noller. "We believe NewMarket's financial and operational resources combined with WBA's existing Information Technology and Telecommunications expertise can lead WBA to winning larger contracts with private and public clients."
Francisco Teran, President of WBA, stated, "We believe that because of NewMarket's track record of experience and presence in Latin America we will be able to offer an even greater array of services in Colombia and throughout the region."
The stock closed yesterday at Fifty Three cents a share.
For an in-depth profile of NewMarket Technology, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=NWMT_082409.
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Oil News: U.S. crude oil dropped $2.32 to settle at $72.05 a barrel, down from a high of $75, in the biggest percentage loss since August 14. Brent crude dropped $2.44 to $71.82.
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MONTGOMERY, Ala. - The U.S. military must leverage information technology to deliver capabilities to the battlefield and needs to catch up with technology before the nation falls behind in cyberspace, the vice chairman of the Joint Chiefs of Staff said here, Aug. 24.
Marine Corps Gen. James E. Cartwright shared his thoughts about cyberspace at the annual Air Force Information Technology Conference.
Most military capability has been built in reaction to known threats, the general said, but information technology can change that by providing processing power and storage that allow more comprehensive predictive analysis to the battlefield.
Cartwright compared manned fighter jets to unmanned systems, admittedly hitting close to home for the audience of airmen. "A fighter has -- among other things -- radar, and it carries bombs and missiles," he said. "The radar detects a target and feeds the information to the bomb or missile. It hits the target, and everything else that was detected or known by that platform is thrown away.
"If the enemy changes the target or affects the detection," he continued, "the platform is unusable, and we don't know what happened for several series of sorties, and events and days and weeks and months. Then, when it's time to change [the aircraft] because we've figured out what the adversary's doing, an upgrade can usually take years, because we want to make sure we're doing it perfectly the first time. Meanwhile, the enemy has moved on."
On the other hand, Cartwright noted, an unmanned aircraft system ""collects everything, records everything, and saves everything or [sends] it down to the ground."
Compared to a fighter, the unmanned aircraft system is more energy-efficient and can spend more time on station, and its information processing and storage capabilities can "fundamentally change what you don't know about the enemy," the general said.
The growth of information technology is so rapid that the military faces a huge challenge with procurement timelines that take two years to design a platform, three years to manufacture it and another year to field it, Cartwright said. This requires a change in the military's culture, he added.
"There are no laws against moving faster," he said. "There are policies against moving faster -- policies we wrote. Policies are things we can control, if we can move the culture with us."
Cartwright said that the shift in culture and policy requires leaders to be willing to accept some risk. He cited National Military Command Center in the Pentagon as an example. For decades, he said, the center relied solely on secure voice communications to reach key military and government decision makers during crises, because policy prevented the use of other communication methods. In July 2006, North Korea test-launched long- and short-range missiles, and thunderstorms in Washington caused the secure voice communications to fail.
"Decisions are made much quicker, and they are much better informed, when information can be exchanged visually and digitally," Cartwright said, "but we have policies against it because we don't want to risk that system being compromised. But our voice and circuit-based systems have vulnerabilities, too. Everything has vulnerabilities. The question is, how do you balance the risk and the advantage, and how do you keep moving in that environment, because it is never static?
"You have a thinking adversary who's going to try to outwit you; who's going to try to take away your leverage. "That's war. That's the business we're in," he continued. "So eliminating all possibility of failure is [impossible]. You get paid to work in those environments of ambiguity and diversity. You have to have fallback systems. But the resilience of networks far [outweighs] the resilience of circuit-based systems."
Cartwright challenged the audience to consider first how information technology can help to prevent and deter warfare, but also how it can ensure that no matter what happens in warfare, the United States will win.
"These are the things I expect from you, as officers, as [military] leaders and as industry leaders: that you lead through change and find the competitive advantage for this nation and for our military," he said. "It's absolutely essential."
Northrop Grumman Corp. will continue to provide the Army with information technology and network operations services under a five-year award that could be worth as much at $430 million if all options are exercised.
The indefinite delivery, indefinite quantity contract from the Army’s Intelligence and Security Command at Fort Belvoir, Va., calls for Northrop Grumman to maintain its full-spectrum information operations and computer networks operations services to the 1st Information Operations Command (Land) at Fort Belvoir, and its regional Computer Emergency Response Teams.
Northrop Grumman has provided that support to the Army’s 1st Information Operations Command since 1997, company officials said.
IO coordinates multiple battlefield functions such as electronic warfare, military deception, psychological warfare, operations security and CNO to disrupt enemy decision-making while protecting information necessary for U.S. warfighters to make critical decisions, the officials said.
Northrop Grumman’s teammates on the contract include JB Management, Alexandria, Va.; Quantum Research International Inc., Huntsville, Ala.; Lockheed Martin, Bethesda, Md.; SAIC, San Diego; and Booz Allen Hamilton and QinetiQ North America, both of McLean, Va.
Northrop Grumman, of Los Angeles, ranks No. 3 on Washington Technology’s 2009 Top 100 list of the largest federal government prime contractors.
A Wells Fargo analyst upgraded the offshore information technology and business process outsourcing sector on signs that its business slump may be bottoming.
Jennifer Fritzsche raised her rating on the sector to "Market Weight" from "Underweight." While cautioning that a business upturn is not yet apparent, she said there are signs the market is stabilizing especially in financial services as well as the North American market.
She cited anecdotal comments that point to a tick up in demand, although companies remain oriented towards short-term purchases with an eye towards keeping costs down.
However, prices seem to have bottomed out, Fritzsche said in a research note.
Leading companies in the sector have strengthening balance sheets, with "significant" net cash holdings that provide a buffer against the unknown, Fritzsche said.
Still, the analyst expects the economy to recovery slowly and thus revenue growth for the top offshore IT providers will take longer to rebound as well.
"While we seem to be past the near-death experience of this past winter ... a return to normal, pre-downturn pace, is unlikely before mid-2010, or later," Fritzsche said.
Shares of Cognizant Technology Solutions Corp. rose 39 cents to $34.85 while ExlService Holdings Inc. fell 14 cents to $12.54. Genpact Ltd. declined 23 cents to $12.80.
Infosys Technologies Ltd. shares advanced 28 cents to $42.53 and Syntel Inc. jumped 69 cents to $39.68. Wipro Ltd. shares rose 3 cents to $15.50 and WNS Holdings Ltd. slid 51 cents to $15.04
HP recently announced that it been selected by the U.S. Air Force via contract number is FA8771-05-A-0611, to provide new HP workstation and desktop PCs as part of USAF’s desktop, laptop and servers quarterly enterprise buy.
The Air Force Information Technology Commodity Council, which includes top Air Force officials, is said to have evaluated vendors’ submissions for the QEB and their ability to deliver quality enterprise computing in the toughest of environments. HP was chosen as the “best value” vendor through this evaluation process.
With this agreement, the company claims to have supplied more than 400,000 units of HP client products to the USAF throughout the continental U.S., Europe and Asia Pacific.
“This award demonstrates HP’s standing as a long-time premier technology provider and trusted IT innovator for the U.S. Defense market,” said Stephen DeWitt, senior vice president and general manager, personal systems group, HP.
“HP’s portfolio of products and solutions contributes to the daily administration and protection of our nation,” added DeWitt.
As per the terms of the deal, HP will include customized security configurations in compliance with USAF requirements and is said to meet strict specifications and tests.
The company also clarified in its statement that USAF facilities worldwide will use various HP platforms, including HP workstations and mobile workstations.
The QEB deal will include the HP xw4600 Workstation, along with Dual PCIe X16 Gen2 graphics interfaces which is said to offer up to four times the performance of previous graphics interfaces, along with the ability to power multiple displays. Additionally, with an 80 PLUS efficient power supply standard and electronic products environmental assessment tool registered configurations available, the HP xw4600 is designed to optimize energy use and maintain high-performance power.
Company officials also clarified that its EliteBook 8730w Mobile Workstation will be delivered in both standard and customized secure configurations to meet the USAF’s secure product category requirements.
The U.S. Commerce Department’s National Institute of Standards and Technology (NIST) announced that EnerNex Corporation, Knoxville, Tenn., was awarded a contract to help NIST sustain the accelerated development of the hundreds of compatible standards that will be required to build a secure, interoperable smart electric power grid. NIST is obligating a portion of the American Recovery and Reinvestment Act funds allocated to NIST through the Department of Energy to the contract.
Awarded under an unrestricted, fully open and competitive process, the contract will run for up to two years if all options are exercised with an estimated cost of about $8.5 million.
EnerNex’s first task will be to establish and administer a Smart Grid Interoperability Standards Panel to identify, prioritize and address new and emerging requirements for Smart Grid interoperability and security. This work will further develop the initial NIST Smart Grid Interoperability Standards Framework (Release 1.0), expected to be released in September for public comment.
Release 1.0 will identify the first set of key standards and provide a road map for developing new or revised standards critical to Smart Grid development. It also will describe a reference model to help organize the Smart Grid and identify linkages among many varied Smart Grid components - including household appliances, utilities, windmills and electric vehicles.
The panel will interact with expert working groups, a cyber security coordination task group, and other volunteer technical bodies established by NIST during this first phase of its Smart Grid efforts.
The panel will consist of key Smart Grid stakeholders, including utilities, independent power producers, federal agencies, state regulators, equipment manufacturers, consumer groups and developers of information technology applications and devices. They will engage their peers in meetings set to begin the week of November 16, 2009, in Denver.
EnerNex will also work with NIST, the private-sector, and non-profit organizations to begin establishing a testing and certification infrastructure that will ensure Smart Grid-related software, hardware and services conform to standards.
In addition, the contract calls for EnerNex to build a publicly accessible “interoperability knowledge base.” It will contain information on Smart Grid standards, relevant activities of standards development organizations, and other types of information needed to guide standards development over the long term.
Under the Energy Independence and Security Act (EISA) of 2007, NIST has “primary responsibility to coordinate development of a framework that includes protocols and model standards for information management to achieve interoperability of Smart Grid devices and systems.”
The Smart Grid integrates information and networking technologies into the nation’s electric system to enable advanced control and communication capabilities. It is a key component of President Obama’s plans to achieve energy independence and to address climate change.
Greater efficiency, increasing use of renewable energy, and other Smart Grid benefits are expected to create jobs, reduce U.S. dependence on foreign oil, and help U.S. industry develop, apply and export clean energy technology.
As a non-regulatory agency, NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards and technology in ways that enhance economic security and improve our quality of life.