The agreement, which makes Ampex
one of the largest restaurant owners in the Tim Hortons system, includes acquiring existing Tim Hortons restaurants in the area along with aggressive development commitments over the next six years.
most recently displayed the TS 40 at the ITC show in Las Vegas, NV and will also display it at numerous upcoming trade shows as well.
Data Systems Corporation, headquartered in Redwood City, California, is a world leader in design, development and manufacture of airborne recording systems and storage solutions for rugged applications.
The order is in support of flight test certification for Ampex
DSRs440 and DSRs500 airborne recorders and high-capacity solid-state memory modules.
John Hennessy, Ampex
Data System's director of video and broadcast marketing, noted, "You need a true archive drive to protect your valuable media assets, and it's apparent that USA selected DST drives for their robustness and because they are field proven.
has received $5 million of new funding from Hillside Capital Incorporated that will be used for, among other things, general working capital purposes and to repay a portion of its outstanding Senior Notes.
2m contract is for Ampex
DSRs440 and DSRs500 airborne recorders, and for high-capacity disk and solid-state memory modules.
Upon emergence, Ampex
will have greatly deleveraged its capital structure, have access to new funding that will be used for, among other things, general working capital purposes and to repay a portion of its outstanding Senior Notes and will have financing in place, if needed, to satisfy future pension contributions to its defined benefit plans, thereby permitting the Company to continue to serve its customers as it has for more than 60 years.
Corporation, headquartered in Redwood City, California, is one of the world's leading innovators and licensors of technologies for the visual information age.
This release may contain information about the future expectations, plans and prospects of Ampex
Corporation (the "Company") and its subsidiary, Ampex
Data Systems Corporation, that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.
Corporation (Nasdaq:AMPX) today announced that on April 11, 2008 it received notice from The Nasdaq Stock Market ("Nasdaq") that, following the Company's filing of a voluntary petition for relief under Chapter 11 of the U.
Corporation Conducting Business in the Ordinary Course