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Jun 3, 2009 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV | Quote | Chart | News | PowerRating) today announced that U.S. government agencies funding the Global Observer Joint Capability Technology Demonstration (JCTD) program have exercised an option for the assembly of a third Global Observer aircraft and additional items. There have been six contract options exercised since the program was initiated, resulting in a cumulative value of more than $120 million in program funding.
"Global Observer is an entirely new solution designed to deliver affordable persistence for intelligence, surveillance, reconnaissance and communications through a high altitude unmanned aircraft system with a flight duration of up to one week," said Tim Conver, AV chief executive officer. "This and previous option exercises represent continued conviction regarding the value that Global Observer will provide and validation of the effectiveness of our joint AV, supplier and customer team in developing this important new solution."
Each completed Global Observer aircraft will take off from and land on a runway, and will have a payload capacity of approximately 400 pounds. A system consisting of two or more Global Observer aircraft flying sequentially would provide seamless, persistent intelligence, surveillance and reconnaissance (ISR) and communications relay over any area of interest around the globe in a manner that is expected to be much more cost effective and flexible than existing alternatives.
The order for the third aircraft comes at the midpoint of the JCTD and follows a series of milestones in design, development and testing of the Global Observer system, including the successful Preliminary Design Review and Critical Design Review. The initial $57 million contract for a three-year development program was awarded to AV in September, 2007. Six government organizations are funding the JCTD program, reflecting broad interest in its capabilities for potential military and civil applications. The JCTD is intended to demonstrate the tactical utility of a hydrogen-powered UAS for long duration (up to seven day) missions at altitudes from 55,000 to 65,000 feet. Global Observer builds on nearly two decades of AV's development and flight experience with stratospheric unmanned aircraft systems, including the record-setting Pathfinder and Helios solar-powered aircraft.
To date AV has received contract option exercises for the development, fabrication and testing of three aircraft, two launch and recovery elements, Systems Integration Laboratory testing and other development items. Operation of the advanced hydrogen-fueled power generation system at simulated atmospheric conditions in an altitude chamber continues after previous successful, multi-day tests.
About AeroVironment, Inc.
Building on a history of technological innovation, AV designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and efficient electric energy systems. Agencies of the U.S. Department of Defense and allied military services use the company's hand-launched UAS to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. Commercial and government entities use AV's clean transportation solutions such as electric vehicle test systems and electric vehicle fast charge systems, as well as its clean energy solutions.
June 3, 2009 -- QIAGEN N.V. (NASDAQ: QGEN | Quote | Chart | News | PowerRating) (Frankfurt:QIA) today announced that it will present at the Goldman Sachs 30th Annual Global Healthcare Conference at 3:50 p.m. ET on Wednesday, June 10, 2009. The conference is being held at Grand Hyatt Hotel in New York, NY.
Peer M. Schatz, QIAGEN's Chief Executive Officer, will provide an overview of the company, discuss QIAGEN's business as well as recent developments and outline future opportunities. QIAGEN's presentation will be audio webcasted live for investors and available for replay for a period of 90 days following the conference. The presentation can be accessed in the Investor Relations section
Jun 3, 2009 -- Synopsys, Inc. (NASDAQ: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today announced that Fujitsu Microelectronics Limited (FML) has deployed Synopsys' Galaxy(TM) Implementation Platform, for use with its low power digital electronics and mobile application ICs (integrated circuits). Fujitsu Microelectronics engineers used IEEE 1801 (UPF) to describe the power intent and drive the design, static verification and sign-off of several low power designs. Utilizing the best-in-class optimization engines and complete low power capabilities in the Galaxy Implementation Platform, Fujitsu Microelectronics' designers were able to cut the traditional RTL-to-GDSII design cycle by 30 percent while meeting all design goals. Fujitsu Microelectronics is now ready to deploy this flow with their customers on 90 nanometer (nm), 65nm and 40nm digital consumer electronics designs.
"Deploying advanced power management techniques within very tight design schedules is among the key challenges for us and our customers," said Noboru Yokota, general manager of the Technology Development Division, Common IP and Technology Development Unit, Fujitsu Microelectronics Limited. "With Synopsys' UPF-enabled Eclypse(TM) Low Power Solution, we met our stringent power, speed and area goals while saving 30 percent of the overall traditional design cycle. We are looking forward to helping our customers deploy this flow and get more competitive low power designs to market, faster."
Part of Synopsys' Eclypse Low Power Solution, the Galaxy Implementation Platform delivers the lowest power consumption, highest design performance and highest productivity through a complete low-power design portfolio. DC Ultra(TM) synthesis and IC Compiler physical implementation automate the most advanced low-power techniques, such as multi-voltage and MTCMOS power gating, as well as more commonly used techniques such as clock gating and multi-threshold libraries. In addition, they perform comprehensive dynamic and leakage power optimization throughout the RTL-to-GDSII implementation, while concurrently optimizing timing, area, testability, congestion and other design goals. The UPF-enabled implementation solution also includes PrimeTime(R) PX accurate power analysis, PrimeTime SI noise analysis for sign-off, MVRC voltage-aware static checking and Formality(R) power aware equivalence checking.
"Chip designers today need to meet stringent power specs within very tight schedules to be competitive in the marketplace, and the advanced low power capabilities in the Galaxy Implementation Platform are driving their success," said Bijan Kiani, vice president of Product Marketing at Synopsys. "Fujitsu Microelectronics has seen significant productivity gains with Synopsys' UPF enabled implementation flow and are now supporting it for our mutual customers".
About Synopsys
Synopsys, Inc. (NASDAQ: SNPS | Quote | Chart | News | PowerRating) is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, software-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan, Asia and India.
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