|From: microcapstocks8 (Rep: 0)||Date: 06/19/2009 09:52|
|Forum: Pinks and BB - Msg #1560 - List GGOX.OB msgs ||Thread #672660048 (Rec: 0) |
|GigOptix (GGOX) Announces Extension of Contract with the U.S. Department of Defense R&D Office, DARPA Research|
This extension brings the total value of the contract to approximately $6.1 million and opens new areas for GGOX to deliver its modulator products.
DARPA, The Defense Advanced Research Projects Agency, was established in 1958 and is the central research and development office for the U.S. Department of Defense (DoD). DARPA’s mission is to maintain the technological superiority of the U.S. military and prevent technological surprise from harming our national security.
This contract extension with the U.S. government shows GGOX ability to excel in product development and maintain key relationships with existing customers.
Looks like GGOX is well on its way to reporting another strong quarter and trending towards profitability.
For the full press release click here, http://finance.yahoo.com/news/GigOptix-Inc-Announces-bw-2869232751.html?x=0&.v=1.
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