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Solutions Group (Pinksheets: SOLU) $0.06. Announced Tuesday after market close that its subsidiary, idrive Monitoring Systems, signed a distributer agreement with Beek Movil to supply idrive X1 devices in Mexico.
Mexico-based Beek Movil, who sells and installs GPS devices, agreed to terms with idrive monitoring systems last week. Under the terms of the agreement, Beek will stock, sell and install the idrive X1 exclusively in Mexico.
Stefan Dragomir, president of idrive, said that he was "glad to have a company of this stature, who is a leader in their industry, choose to represent idrive. We see Mexico as an important strategic market for our product line. Working with a best-in-class company like Beek will help ensure the success of the X1 in this important market."
Beek Movil has recently been included into the National Registry of Scientific and Technology Institutions and Enterprises (RENIECYT) from the Science and Technology National Committee of Mexico (CONACYT).
What They Do: Solutions Group is an international provider of Managed Engineering Services. The Company seamlessly integrates its regional design centers in North America with its lower cost off-shore engineering locations in Romania and Mexico to provide exceptional blended pricing solutions and reduced product design cycle times.
Solutions Group creates greater value for its shareholders by leveraging its core engineering competencies into other opportunities including royalty partnerships, intellectual property creation and selective acquisitions. SGI's customers currently include major Fortune 500 companies, small and mid-range OEMs and early stage product companies.
BT and Cisco (Nasdaq: CSCO) $23.81. Today announced that they have deepened their longstanding collaboration by a breakthrough in unified communications (UC), with the launch of a global "cloud" based IPT solution from BT's Onevoice UCC portfolio. Together, the two companies are launching a scalable, business-grade, global hosted IP Telephony service, which allows businesses to dramatically reduce upfront investment costs whilst accelerating the adoption of UC on a global scale. BT is engaging closely with Cisco Services to build the underlying virtualised infrastructure for service delivery.
What They Do: Cisco is the worldwide leader in networking that transforms how people connect, communicate and collaborate.
Dynavax Technologies (Nasdaq: DVAX) $1.28. Today announced that its GMP manufacturing facility in Dusseldorf, Germany has been approved for the commercial production of hepatitis B surface antigen, a key component of HEPLISAV, the Company's investigational adult hepatitis B vaccine. The approval comes as a result of an upgrade expanding production capacity. With an updated European Union GMP manufacturing license in place, Dynavax can meet the initial commercial production demands for the anticipated launch of HEPLISAV.
What They Do: Dynavax Technologies Corporation, a clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious diseases.
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