RADA Electronic (RADA) Up On Collaboration News
More News related to RADA
- RADA Electronic (RADA) Signs $2.6 Million Contract with Lockheed Martin (LMT)
- RADA Signs $2.6 Million Contract With Lockheed Martin to Provide Ground Debriefing Systems for FMS F-16 Aircraft
- RADA Electronic (RADA) Enters $2.6M Contract With Lockheed Martin
- $1M of Follow-On and Production Orders Received by Rada Electronic Ind. (RADA)
- RADA Electronic Industries Ltd. Receives $1 Million in Follow-on Production and Maintenance Orders
More News related to Corporate News
- Hydrogenics Resumes Trading Under NASDAQ Symbol "HYGS"
- Varian Medical (VAR) to Highlight its New Range of Detectors at Annual RSNA Meeting in Chicago
- Manulife (MFC) Confirms No Exposure to Dubai World
- Activision's (ATVI) Call of Duty Amasses $3 Billion in Global Sales
- Seiko Epson to Transfer Sales Function of Small and Medium-Sized TFT LCD Business to Sony (SNE)
RADA Electronic Industries (Nasdaq: RADA) is spiking 6.34% after announcing that it will be collaborating with SpiderTech to help market its patented security system.
SpiderTech developed a patented seismic sensor and signal processing technology that allows for the detection, classification and tracking of unauthorized activity on the surface and underground. The homeland security applications of this technology are wide-ranging: securing sensitive government sites and borders, military applications, as well as covert, commercial and residential security.
Currently, SpiderTech is conducting several confidential field demonstrations with Israel's Ministry of Defense, the U.S. Department of Homeland Security and other groups in Europe and Latin America. They are focusing on early warning perimeter security solutions for sensitive military, energy, government and commercial sites, including underground threats.
"The most recent tests in the U.S. involve tunnel detection," says Elkana Pressler, Product, Marketing and Sales Director for SpiderTech. "The demonstrations have shown that the SpiderTech sensor (STS) can accurately identify people moving underground even with intense surface noise, like car and truck traffic."
Related Categories
Corporate NewsTrader Talk
Stocks Mentioned
-0.22Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
