Marvin Test Solutions Secures $3.2M Order for Modular Military Precision Guided Target Simulators

IRVINE, Calif., June 10, 2014 /PRNewswire/ -- Marvin Test Solutions, a trusted provider of globally deployed innovative test solutions for military, aerospace, and manufacturing organizations today announced it garnered a $3.2M contract for its MTS-916 Modular Target Simulators from an overseas military customer. A state-of-the-art target simulator for optically guided weapons, the MTS-916 replaces multiple obsolete target simulators for AGM-65, TGM-65 Maverick, and AGM-114 Hellfire missiles and guidance sections, as well as MAU-169 Paveway target seeker kits.

"We have a long and successful history designing and developing innovative military systems to make test easy and overcome obsolescence. We used this experience to create the MTS-916 and to meet the critical need for an accurate and reliable target simulator that can reliably test the new generation of optically guided weapons and integrate seamlessly with legacy maintenance and sustainment systems," said Major General Steve Sargeant, USAF (Ret.), and CEO of Marvin Test Solutions. "In addition to being highly sought after to replace wide-spread obsolescence in target simulators, the MTS-916 is also a cost-effective solution."

The MTS-916 combines visible TV/CCD, infrared (IR), and laser seeker support into a rugged, compact system. Its modular design features two main subassemblies, simplifying system repair and maintenance. The MTS-916 offers maintainers a ruggedized system that meets MIL-STD-810 temperature, shock, vibration, and humidity requirements as well as MIL-STD-461 EMI specifications. It can be used for I-level and D-level maintenance and can also operate in harsh environments. Since its release, the MTS-916 has been successfully deployed globally in many countries.

MTS-916 and MTS-206 Provide a Rugged Flightline Solution
Used in conjunction with the state-of-the-art MTS-206 portable test set for the AGM-65 Maverick and AGM-114 Hellfire Missile systems, the MTS-916 target simulator delivers high reliability, offers a reduced footprint, and features better automation than the legacy test sets it replaces. The combination of the MTS-206 and MTS-916 provides a rugged flightline solution for testing, troubleshooting, and boresighting of missiles.

The MTS-916 target simulator is compatible with the legacy AN/DSM-157 guided missile test set (GMTS) and is designed to replace the manually operated AN/DSM-129 and AN/DSM-787 legacy target simulators.

About Marvin Test Solutions
Marvin Test Solutions is a vertically integrated aerospace test and measurement company that has delivered innovative solutions for factory, flightline, intermediate-level, and depot-level applications since 1988. As a member of the Marvin Group, an award-winning aerospace company with a 50-year history in the Defense and Commercial Aerospace industries, Marvin Test Solutions has test systems deployed in support of most of the major defense aircraft and munitions in use around the world. Marvin Test Solutions delivers full-spectrum test solutions that make test, maintenance, and sustainment of the most mission-critical systems easier and less costly.

Media/Customer Contact: Mike Dewey, MikeD@marvintest.com

SOURCE Marvin Test Solutions

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Biometric-Mobile Wallet Technology Takes Aims at a Target Market Of Nearly $1Billion Potential

CORAL SPRINGS, Florida, November 20, 2013 /PRNewswire/ --

Market news updates for advancing leaders in the Tech, Biometrics & Mobile App Industries:  NXT-ID, Inc. (OTCQB: NXTD), Apple Inc. (NASDAQ: AAPL), Brocade Communications Systems, Inc. (NASDAQ: BRCD). Cisco Systems, Inc. (NASDAQ: CSCO) and NQ Mobile Inc. (NYSE: NQ)

SoundView Research, a leading independent research firm, recently published a report on NXT-ID, Inc., (OTCQB: NXTD) featuring the market and opportunity for its leading product, The Wocket™.  SoundView Research states, "We estimate that NXT-ID can capture 6 million users in the U.S. for its Wocket product. Based on the estimated selling price of The Wocket at $99.99 per unit, and including the optional insurance program and other ancillary services we estimate the U.S. market opportunity for NXT-ID'S Wocket to be in the range of $780M to $930M."

To read the full press release, please click here:  http://www.fnmprofiles.com/profiles-nxtd.php

The Wocket™, anticipated to be coming to market in the first quarter of 2014, is a new biometrically secure device designed to replace the traditional wallet and the number of cards consumers carry. Its dynamically programmable magnetic stripe, NXTCard can replace up to 100 cards and can include medical records, ID, coupons etc. that are currently kept in a wallet, with one single secure card.  The Wocket™ has a target market of nearly $1B in the U.S. alone. The opportunity will expand across multiple segments, given that the company's products target consumers, enterprise and government agencies in the U.S. and overseas.

Apple Inc. (NASDAQ: AAPL) has reportedly closed a deal to acquire PrimeSense, the 3D-sensor company behind Microsoft's Kinect sensor. Apple paid $345 million for the Israel-based company, according to a Calcalist financial newspaper report on Sunday that didn't cite sources. Perhaps best known for powering the gesture control used by Microsoft's Xbox 360 game console, the company's technology is also used in 3D scanners, iRobot's Ava, and the Asus Xtion.  

Brocade Communications Systems, Inc. (NASDAQ: BRCD) recently announced an addition to the company's campus networking family with the new Brocade® ICX® 7750 Switch, which delivers the simplification and automation provided by the Brocade HyperEdge™ Architecture. The Brocade ICX 7750 is the first high-density 10/40 Gigabit Ethernet (GbE) fixed-port solution purposely designed to enable scale-out solutions for campus aggregation. The switch enables the scale-out of campus aggregation networks, helping organizations seamlessly add network capacity in an agile, cost-efficient manner. The Brocade ICX 7750 will be shown for the first time at SuperComputing 2013 this week in Denver, Colorado.

Cisco Systems, Inc. (NASDAQ: CSCO) and the New York Academy of Sciences (the Academy) recently announced two new partners, the City of Buenos Aires, Argentina and the State University of New York (SUNY), will join The Global STEM Alliance. Cisco and the New York Academy of Sciences have established The Global STEM Alliance to bring curriculum resources, inter-generational mentorship and access to cutting-edge science and technology research to students around the world. The country of Malaysia and The City of Barcelona were the first to join the Alliance in October at the Internet of Things (IoT) World Forum in Barcelona on October 29, 2013.

NQ Mobile™ Inc. (NYSE: NQ) a leading global provider of mobile Internet services, today announced that NQ Mobile Security™, NQ Mobile's flagship security app, has been named winner of the "Consumer Trust" category at the 2013 Mobile Entertainment Awards (the "MEFFYS"). Celebrating its 10th year, the MEFFYS are one of the mobile industry's most coveted awards, honoring achievements across mobile content and commerce and recognizing innovation from around the globe.

Yahoo Inc. (NASDAQ: YHOO) ups buyback authority by $5B; to offer senior notes Yahoo (YHOO) adds $5B to its share buyback authorization.  The news came as the company says it will offer a private placement of $1B in convertible senior notes, due in 2018.

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SOURCE FN Media Group, LLC

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