Category Archives: Companies

Mikros Systems Corporation Reports 2017 Financial Results

Mikros Systems Corporation (OTCQB:MKRS), an advanced technology company specializing in electronic systems technology for advanced maintenance in military, industrial and commercial applications, today announced financial results for 2017.

Revenues for 2017 were $7,196,131 compared to $5,067,365 in 2016, an increase of $2,128,766, or 42%. The increase was due primarily to production orders for 37 Adaptive Diagnostic Electronic Portable Testset (ADEPT) units in 2017 and the receipt of additional contract awards and task orders for engineering services, support, repairs and calibration services.

The Disruptors: Emercoin and PortaOne Introduce Blockchain-based, Peer-to-peer VoIP Call Exchange Among Telcos

Blockchain technology is changing the world—and a disruption of legacy call routing—that will take away incumbent telcos’ advantages.

2017 was the year when Bitcoin entered public consciousness, and many had a chance to regret not investing early enough. Things have cooled off some in 2018; now the question is, “What is going to remain of the 2017 cryptocurrency surge in 2019 and afterwards”.

Bitcoin (and other cryptocurrencies) is just one manifestation of the blockchain technology, which enables maintaining a public, distributed and tamper-resistant “ledger” of transactions. It has much broader applications than just cryptocurrency; it will be around when the “bitcoin hangover” is but a memory.

The Bitcoin future is in discussion and forecasts, but blockchain technology is here to stay for good and be a part of our lives. Using the decentralized management of call routing via blockchain technology allows for efficient and secure cooperation of various telecom operators. It is such a major change for the telecom organization and operating costs — so there is no way around it. Operators should join it sooner than later.” ~ Oleg Khovayko, CTO of Emerсoin

Factom (FCT) News Update

Heard on Reddit: “A number of projects working on various test networks will be coming online soon.” ~ Paul Snow, Chief Architect, Creator, and Founder at Factom (10/18/17)

Disclosure: I have owned FCT coins since August 2016. Current price is $15.15.

Icynene To Acquire Lapolla Industries For $1.03 Per Share In All Cash Transaction

Strategic Combination to Create Industry-Leading Manufacturer and Distributor of Performance Spray Foam Insulation

MISSISSAUGA, Ontario and HOUSTONOct. 5, 2017 /PRNewswire/ — Icynene U.S. Holding Corp. (“Icynene”) and Lapolla Industries Inc. (“Lapolla”) (LPAD) today announced that they have entered into a definitive merger agreement under which Icynene will acquire all the outstanding shares of Lapolla.  The transaction is valued at approximately $160 million, including net debt.

Under the terms of the agreement, stockholders of Lapolla will receive $1.03 in cash for each share of Lapolla that they own.  The transaction was unanimously approved by Lapolla’s board of directors and, following Lapolla’s entry into the agreement, Lapolla stockholders holding approximately 78% of Lapolla’s issued and outstanding voting shares executed a written consent approving the merger agreement and the transaction.

Mikros Announces $ 1.1 Million Navy Production Order for ADEPT Advanced Maintenance Systems

Mikros Systems Corporation (MKRS) announced today that it has received the first Delivery Order under its recent multi-year $35M contract with the Naval Surface Warfare Center in Crane, IN.

The order covers eleven new production deliveries of Mikros’ Adaptive Diagnostic Electronic Portable Testset (ADEPT) and is valued at $1.1M. The ADEPT units will be produced at the Mikros Manufacturing and Depot Center in Largo, FL and be delivered to the Navy later this year.

“We are excited and ready to ramp up the ADEPT production line here in Largo,” said Mark Laureigh, Mikros Director of Operations. “Having served in the U.S. Navy maintaining and operating an AN/SPY-1 radar system, I know full well the current value and future potential ADEPT brings to our sailors. We are proud for each opportunity we have to serve the men and women of our armed forces.”

The Mikros Systems Manufacturing and Depot Center in Largo, Florida was established in 2009 to manufacture and provide sustainment and logistics support for the ADEPT system. The center has produced and delivered over 200 systems to the U.S. Navy and provides continuing life-cycle support for the systems including, calibration, repair, and training.

For more information on Mikros Systems’ manufacturing capabilities, please visit the Mikros Systems website: http://www.mikrossystems.com.