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Ciena Corporation (Nasdaq: CIEN) $10.93. Today announced that it has received regulatory approval under the Investment Canada Act in connection with Ciena’s acquisition of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business.
Ciena has now completed applicable regulatory reviews in the United States and Canada, and expects to close the transaction in the first quarter of calendar 2010.
What They Do: Ciena specializes in practical network transition. With a global presence, Ciena leverages its heritage of practical innovation to deliver maximum performance and economic value in communications networks worldwide.
TeleCommunication Systems (Nasdaq: TSYS) $9.72. Today announced the issuance by the U.S. Patent and Trademark Office of patent number 7,640,031 entitled "Mobile Originated Interactive Menus Via Short Messaging Services."
TCS patent number 7,640,031 describes a two-way interactive short message system (SMS) that provides personalized messaging menus to a handset. Unlike browser-based menu systems for mobile devices, this invention enables mobile originated interactive menus using SMS communications instead of circuit switched data (e.g., instead of Wireless Application Protocol (WAP) communications), thus leaving traffic channels available for voice calls.
What They Do: TeleCommunication Systems engineers and delivers highly reliable wireless communications technology. TCS is a leader in wireless text messaging and location-based technology, including E9-1-1 services and commercial applications like navigation that use the precise location of a wireless device, and secure satellite-based communications systems and services.
Digital Ally (Nasdaq: DGLY) $2.00. Today announced that it has shipped to the Turkish Police Department a previously announced order for DVM-750 In-Car Digital Video Systems valued at over three million U.S. dollars.
Digital Ally was awarded the contract from the General Directorate of Police in October 2009. In Turkey, the police forces are responsible for law enforcement in cities and certain other locations, including airports.
What They Do: Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications.
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