Business
/C O R R E C T I O N from source -- Lyrtech Inc./
/C O R R E C T I O N from source -- Lyrtech Inc./.
About this update from C-com Satellite Systems Inc.
[{"type":"text","content":"\n\n\n\n\nIn c8363 transmitted July 6, 2006 at 11:50e, errors occurred in the\ncustomer list. The third bullet for DAP Technologies should not have been\nincluded in this release and the fifth bullet should have read\n\"C$2,020,000 from five undisclosed customers.\" and not \"C$670,000 from\nfour undisclosed customers\". Corrected copy follows:\n\nLyrtech generates C$7,420,000 in new orders\n\nQUEBEC CITY, July 6 /CNW Telbec/ - Lyrtech Inc. (TSX Venture Exchange:\nLYT), a worldwide leader in digital signal processing (DSP) technologies, is\npleased to announce that the combined forces of Lyrtech's engineering and\nInnovator's electronic manufacturing and assembly capabilities have already\nbegun to generate significant business.\nSince the acquisition of Innovator Electronic Assembly on May 7, 2006,\nLyrtech has received a total of C$7,420,000 in new orders from the following\ncustomers:\n\n>\n\n\"The generation of new orders demonstrates that the business rationale\nfor combining Lyrtech's engineering with Innovator's manufacturing\ncapabilities was sound,\" stated Miguel Caron, President and CEO of Lyrtech.\n\"We remain very positive about the prospects of the business going forward and\nthe rate of growth and profitability we can achieve.\"\n\nAbout Lyrtech\n\nLyrtech develops and manufactures advanced digital signal processing\nsolutions for companies worldwide, a vital technology to network and wireless\ncommunications, audio and video processing, as well as electronic systems in\nall fields of technology. Lyrtech offers a full range of DSP-FPGA development\nplatforms, as well as design, prototyping, and manufacturing of electronic\nproducts through its Innovator division.\nFrom the company's state-of-the-art 4,645-m(2) (50,000-ft(2)) facility,\nInnovator offers prototyping services, new product introduction services,\nturnkey assembly, box build assembly, and other electronic manufacturing\nservices, providing customers with a quality production run of highly complex\nproducts with a fast turnaround.\nLyrtech works in partnership with industry leaders such as StarCore,\nTexas Instruments, The MathWorks, and Xilinx. Lyrtech's customers include many\nprestigious names of the consumer electronics, telecommunications, aerospace,\nand defense fields such as BAE Systems, Defence Research and Development\nCanada (DRDC), the Europ...