This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:General Dynamics Canada and Marport C-Tech Partner to Target Next Generation Underwater Acoustics Market 2009-11-24 08:02 ET - News Release
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Agreement includes multi-year contract for development of new naval sonar
products
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OTTAWA and ST. JOHN'S, Newfoundland, Nov. 24 /CNW/ -- General Dynamics Canada, a pioneer in the development of military acoustics processing and display solutions, and Marport C-Tech Ltd., a leading sonar manufacturer for underwater defence, have signed a Memorandum of Understanding (MOU) setting the stage for the joint development and marketing of a suite of next generation underwater acoustic products to support underwater military Intelligence, Surveillance and Reconnaissance (ISR) missions. This partnership will position General Dynamics Canada and Marport to address increasing global market demand for underwater ISR systems as militaries around the world rebuild and retool their fleets. Associated with today's announcement, General Dynamics Canada has awarded Marport a multi-year research and development contract for new naval sonar products that leverage Marport's Software Defined Sonar® (SDS) technology. Initially designed to address commercial fishing needs, SDS is an innovative, cost-effective and flexible sonar platform, offering a technically advanced alternative to traditional hardware-based sonar product development. The new sonar products developed with Marport's SDS technology will integrate into General Dynamics Canada's Open Architecture Acoustics Processing Application Suite to provide advanced processing capabilities on a tailored user interface designed by airborne and naval acoustics operators. The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try,
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