ABN Newswire

Tu-E Capital Bhd buys 40% of Bismillah Airlines

newsroom@abnnewswire.net — Tue, 13 Mar 2012 22:57:04 GMT

Malaysian-based Tu-E Capital Bhd has signed an agreement for the purchase of 40 per cent equity in Bangladesh-based Bismillah Airlines, with a capital injection of US$35 million.

In a statement here, the company said the Bismillah Airlines is dedicated to providing flights for Bangladeshi employees working abroad and an estimated eight million workers are expected to use the airline's service.

Tu-E Capital's general manager Azhar Idrus said his company had the "strength of injected capital through banking instruments, and was ready to hold equity in two other airlines, namely Thailand-based Platinum Airlines and Dubai-based Middle East Airlines."

"We will act as a strategic alliance to these companies," he said, adding that other Asian airlines had shown interest as well.

Q.A.M.S. CORPORATE SERVICES SDN. BHD.
E-mail: shidah@qamspg.com
Web: www.qamspg.com
Mobile: 006-019-480-1139
Office Tel: 006-04-398-2488
Fax: 006-04-399-3488

China Aviation Manufacturing Summit 2012 to Be Held in May in Shanghai

newsroom@abnnewswire.net — Mon, 16 Jan 2012 17:44:54 GMT

China Aviation Manufacturing Summit 2012 is going to be convened in the form of conference + exhibition + site visit, on May 8-10 in Shanghai, China. It is an exclusive learning & networking opportunity for global senior executives in aerospace/aviation field.

As the China's premier aviation industry event for aviation manufacturing technologies, market potentials, industry prospects, it will bring together more than 200 top professionals including senior level officials from the aerospace manufacturers, government, academia, suppliers, and services to emphasize the effectiveness, versatility, and the need to develop new platforms for the future. It will provide attendees with the insights from government officials, the largest advancements in R&D, and newly developed application management solutions as well as business development opportunity.

The Hot Topics To Be Discussed During The Summit Include:

- Deep analysis of orientation, challenges and opportunities for China's aviation manufacturing industry from multiple views

- China's Encouragement Policy on Aviation Manufacturing Industry & Its Supporting Industries

- How to enhance collaboration with Chinese aircraft manufacturers to strengthen competiveness

- How to deepen cooperation between global leading aircraft manufacturers and China's aviation industry

- Successful R&D and application in aviation manufacturing: advanced materials, pioneering technologies, new aviation products, etc.

- Emerging market by the reform of China's general aviation management: a historical and unparalleled opportunity for general aircraft manufacturing industry and ATC/ATM market

- How to achieve Green Aviation Dream: case study

- Upgrades on the global supplier selection for China's commercial aircraft engine project and the latest development progress of China's C919 project and ARJ21
...

Participation at China Aviation Manufacturing Summit 2012 is by invitation only, which enables us to guarantee the quality and networking value of the executive level delegation. At the summit, you will meet:

- 200+ executive level delegates

- 30+ prominent speakers from government, leading aircraft manufacturers, leading solution providers, and academia

- Your targeted clients through by pre-event scheduled one-to-one business meeting

For more detailed information, please visit the event's official website:
http://www.chinaaviationindustry.org

Ms. Rebecca Gong
Tel: +86-21-5161-5398  
Email: rebecca.gong@igvision.com

To be sponsor/exhibitor, please contact: 
Ms. Grace Zhu
Tel: +86-21-5180-9486	
Email: grace.zhu@igvision.com

To request event media partnership, please contact: 
Ms. Tina Tian
Tel: +86-21-5181-5373	
Email: tina@igvision.com

Email: marketing@igvision.com
Tel: +86-21-5161-5300
Fax: +86-21-5180-9518

Asian Activities Report for January 16, 2012: China Southern Airlines (HKG:1055) Eyes on Australia

newsroom@abnnewswire.net — Mon, 16 Jan 2012 13:05:43 GMT

China Southern Airlines (HKG:1055) (SHA:600029) has become a major international sponsor and the official airline for Sydney Festival 2012, which opens from 7 January to 29 January 2012 in Sydney. China Southern Airlines is the first Chinese company to sponsor Sydney Festival, Australia's most vibrant summer festival of arts and performances. The sponsorship worth A$600,000, is part of China Southern Airlines' strategic expansion in the Australian market. The Company has been flying into Sydney for over 10 years, with additional flights to Melbourne and Brisbane and a new direct Perth service added in 2011. It is currently offering Australians flights into China and 132 cities worldwide.

Hisense Group (SHA:600060) was honored with the "Value Innovation Award" for its I'TV2 product at the International Consumer Electronics Show (CES) in Las Vegas on January 10th. This is the first time a Chinese enterprise has secured the highly competitive CES award. Hisense' I'TV has become a very popular product in China since it was launched at the end of 2011. It is the world's first personalized Smart TV, built specifically as a tablet but with all the functions of a TV.

Chiyoda Corporation(TYO:6366) says that its joint venture company with JGC Corporation (TYO:1963) and Kellogg Brown & Root has been awarded an engineering, procurement and construction ("EPC") contract for the Ichthys LNG plant facilities in Australia. The overall EPC contract value is expected to be around US$15 billion. The Ichthys LNG project is an integrated natural gas field development project, which will produce 8.4 million tonnes of LNG, approximately 70% of which is to be delivered to Japan.

Bridgestone Corporation (TYO:5108) has developed a revolutionary new printing technology for tires that is different from any tire printing or coloring process on the market today. Through this new technology, Bridgestone can realize the more creative showcase of tires while also considering environmental concerns such as fuel efficiency, without any additional weight to the tire. Bridgestone plans to quickly bring this tire printing technology to market.

Elecom Co., Ltd. (JASDAQ:6750) has unveiled its latest USB products, which features a function for encrypting stored data through a strong encryption algorithm called AES 256 bit. In addition, the USB products have superb security function, embedded with anti-virus program Trend Micro USB Security(TM) 2.0, which can protect the data on flash drive and PCs that it connects to.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 15, 2011: DeNA (TYO:2432) and Alibaba Cloud Computing to Form Strategic Alliance in China

newsroom@abnnewswire.net — Thu, 15 Dec 2011 11:00:46 GMT

DeNA Co., Ltd. (TYO:2432) has agreed to form a strategic alliance with Alibaba Cloud Computing ("AliCloud"), a subsidiary of China's Alibaba Group to provide DeNA's Mobage social gaming platform to consumers and developers in China. The two parties will work together to bring Mobage to Chinese consumers on Aliyun OS-based smartphones in early 2012. In addition, DeNA will make the company's proprietary ngCore game engine available and easily accessible to Chinese game developers through AliCloud's cloud services.

Marubeni Corporation (TYO:8002) has agreed to acquire a 40% equity interest in APT Allgas Energy Pty Ltd ("Allgas"), a wholly owned subsidiary of APA Group (ASX:APA) in Australia. APA is a major energy company involved in the ownership, operation and management of gas pipelines and gas distribution networks throughout Australia. Through its interest in Allgas, Marubeni will become the first Japanese corporation to participate in the gas distribution network business in Australia.

Japan Airlines and WestJet Airlines (TSE:WJA), a low-cost airline in Canada have signed a codeshare agreement which will place the "JL" flight indicator on WestJet-operated flights between Vancouver and six Canadian cities - Calgary, Edmonton, Kelowna, Montreal, Toronto and Winnipeg, from December 15, 2011. The agreement will expand the total number of Canadian cities in Japan Airlines' network from three to seven.

Sumitomo Chemical Co., Ltd. (TYO:4005) and Nabaltec AG (ETR:NTG) of Germany have been in discussions about collaborating on their Alumina and Aluminum Trihydroxide businesses. The companies have agreed to start collaborating first in the commercial area. Beginning December 1, 2011, Nabaltec will be supplying Sumitomo Chemical an exclusive grade of fine precipitated Aluminum Trihydroxide for sale in East Asia.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Electro Optic Systems Holdings Limited (ASX:EOS) Update on CROWS Remote Weapon System Program

newsroom@abnnewswire.net — Tue, 6 Dec 2011 13:58:00 GMT

Electro Optic Systems Holdings Limited (ASX:EOS) is to re-locate its US remote weapon system' production facilities from Tucson Arizona to Huntsville, Alabama to position alongside the Northrop Grumman Corporation (NYSE:NOC) facility. The move is being made to maximise EOS and NGC's competitiveness as they set out to jointly bid for a major contract for remote weapons systems from the US Army.

In May of 2010, EOS announced it had teamed with NGC to compete for US requirements for remote weapon systems (RWS), including the US Army CROWS program. The teaming arrangements include an allocation of work-share between NGC and EOS production plants. NGC facilities for RWS are already located in Huntsville.

The move will result in a cluster of development, production, and logistic support capabilities for RWS in Huntsville and drawing on both NGC and EOS resources and capabilities.

EOS CEO, Dr Ben Greene, said that centralising all RWS operations would significantly reduce costs and eliminate management, logistics and co-ordination issues potentially associated with geographically separate plants.

"Price will be a key element in the CROWS contract award in 2012 and for RWS markets in future. This move will improve our team's competitiveness for all RWS business activities envisaged in the 2010 teaming arrangements with NGC."

The contract parameters for CROWS as announced by Army to this date are:

- Contract Value: The value of the initial contract award will be approximately US$970 million.

- Scope of Work: The contracted effort will include three mandatory elements:

i. Production of up to 3,000 CROWS and spare parts.

ii. Product improvements, integrations, and testing.

iii. Training, overhaul, maintenance, and product support.

- Number of Contracts: A single contract award will be made for CROWS, with one contractor required to perform the entire scope of work.

- Schedule: A contract will be awarded by Q4 2012.

Announcing the relocation decision the CEO of EOS Dr Ben Greene said:

"By relocating EOS production facilities to Huntsville, the NGC-EOS team can improve our price competitiveness not only for production, but also for every other element in the CROWS statement of work."

"In 2010 EOS extensively upgraded its Tucson, Arizona production plant, but additional cost savings from co-locating in Huntsville with NGC will result in a more competitive price for future procurements under intensified competition triggered by substantial cuts in US defence spending and other global economic developments."

"The EOS Tucson plant will transition to Huntsville in mid-2012. We do not expect any significant asset impairment from this decision."

"The company is mindful of current economic circumstances, and is announcing this change well in advance and as early as possible to allow EOS to provide support for Tucson staff who may be affected over the months leading up to the transition," Dr Greene added.

In a parallel development, the company also intends to re-position its Australian technology development and production capabilities to work more closely with licensed production facilities designated by key customers.

Commenting on this development, the Chief Executive of EOS' Defence Systems business, Mr Mark Bornholt, said:

"Most EOS customers for RWS are governments, and the current economic climate has escalated their concerns for local employment. Many now require significantly increased local production as a condition of any new RWS order."

"EOS has adapted quickly to this emerging trend with flexible business models including manufacture under license and technology suited to local production."

"In dialogue with current and potential customers we have isolated the activities suitable for their domestic industry while focussing EOS resources on supporting those activities, as well as improving the efficiency and effectiveness of EOS' execution of in-house production."

Ben Greene
Chief Executive Officer 
Ph: +61-414-365-658

Mark Bornholt
EOS Chief Executive Officer Defence Systems
Ph +61-40-404-2528
http://www.eos-aus.com

Asian Activities Report for December 1, 2011: Asahi Group (TYO:2502) to Acquire Australian Bottled Water Company Mountain H2O Pty Ltd

newsroom@abnnewswire.net — Thu, 1 Dec 2011 12:00:36 GMT

Asahi Group Holdings Ltd (TYO:2502) has conditionally agreed to acquire Mountain H2O Pty Ltd, a bottled water company in Australia that produces high quality spring water. The acquisition will allow Asahi to secure a stable supply of spring water in the growing bottled water market in Australia, to provide high quality spring water products, and to accelerate its Australian beverages business.

China Longyuan Power Group Corporation Limited (HKG:0916) has received governmental approval for the 49.5 megawatt Shaanxi Qingling Guanritai Wind Power Project, to be located in Feng County, Baoji City, Shaanxi Province, China. China Longyuan Power Group Corporation Limited is one of the pioneers in China that are engaged in the exploration of new energy resources. Its main focus is on the design, development, construction, management and operation of wind farms.

Virgin Blue Holdings Limited (ASX:VBA) and Singapore Airlines (SIN:C6L) have received approval from the Australian Competition and Consumer Commission to form an integrated network aviation alliance. Under the alliance, the airlines will cooperate on all aspects of their Australia-Singapore services and any international and domestic connecting routes, including joint pricing and scheduling and joint marketing and sales.

Nufarm Limited (ASX:NUF) has completed the acquisition of Seeds 2000, Inc., an American sunflower seed research and production company with an annual revenue of around US$20 million. This acquisition is expected to further enhance Nufarm's global presence. The Company currently conducts development and sales activities in the USA, Canada, China, Argentina, and a number of European markets.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Electro Optic Systems Holdings Limited (ASX:EOS) Appoints Kevin Scully as Non Executive Director

newsroom@abnnewswire.net — Mon, 19 Sept 2011 10:54:00 GMT

Electro Optic Systems Holdings Limited (ASX:EOS) is pleased to announce that Mr Kevin Norbert Scully has joined the Board of the Company as a non executive director effective from 19 September 2011.

Kevin Scully has more than 26 years of experience in equities research and analysis, corporate advisory and related matters, having worked for more than 12 years in various positions such as the head of research of [Schroder Securities (Singapore) Pte Ltd] and director of [Schroder Asia Securities (Hong Kong) Limited] and the last 11 years in the Netresearch group.

From 1982 to 1984, Kevin Scully was a foreign service officer in the regional and economic division of the Ministry of Foreign Affairs of Singapore.

Kevin Scully started his career in the finance sector in 1984 as an investment analyst in Lyall & Evatt (Pte) Ltd and remained so till 1986.

Kevin Scully joined Schroder Securities (Singapore) Pte Ltd, a licensed dealer in securities, as an investment analyst with a focus on the media, food, property and plantation sectors for the Singapore and Malaysian stock markets from 1986 to 1989. He was subsequently promoted and served as head of research of Schroder Securities (Singapore) Pte Ltd from 1989 to 1998.

In 1995, Kevin Scully also assumed the position of managing director of Schroder Securities (Singapore) Pte Ltd and was responsible for, inter alia, broking operations in Singapore and research operations in Malaysia and Thailand. He was also appointed as director of Schroder Securities Asia (HK) Ltd, the regional base of the stock-broking business of the Schroder group for the region of Asia excluding Japan, in 1995 and served as such till 1998.

Kevin Scully left the Schroder group in 1998 and assumed the role of director and head of research at UOB Kay Hian Research Pte Ltd till July 1998.

Between October 1998 and June 1999, Kevin Scully oversees and manages the research operations of HSBC Securities (Singapore) Pte Limited as its director and head of research.

Kevin Scully founded Netresearch Asia Holdings Pte Ltd ("Netresearch") in July 1999 as an independent investment research company. Kevin Scully is also an executive director of companies related to Netresearch, which includes, inter alia, NRA Capital Pte Ltd ("NRA") and Hazelite Holdings Pte Ltd. The Netresearch group of companies provide, inter alia, corporate finance advisory services on mergers and acquisitions, equities offerings and corporate restructuring.

Kevin is an advisor to two regulatory authorities of the Singapore Government (Commercial Affairs Department and the Monetary Authority of Singapore) since 1999.

Kevin Scully is currently a member of the Endowment Fund Investment Committee & Strategic Finance Committee of his alma mater, St Joseph's Institution. He is also a member of the Investment Committee of the SIM Group and Chairman of the Audit Committee of the Eurasian Association.

Kevin Scully had previously been appointed as a non-executive director of GRP Limited (SIN:G18) and Rotol Singapore Ltd (both of which are currently listed on the main board of the SGX-ST). He is currently an Independent Director and Chairman of the Audit Committee of PNE Micron Holdings Limited. Kevin Scully holds a Bachelor of Social Science (Honours) in Economics from the National University of Singapore.

Fred Bart
Chairman
Tel: +61-2-9233-3915 
Fax: +61-2-9232-3411
http://www.eos-aus.com

Electro Optic Systems Holdings Limited (ASX:EOS) Update on Remote Weapon System Business

newsroom@abnnewswire.net — Thu, 8 Sept 2011 15:55:00 GMT

Electro Optic Systems Holdings Limited (ASX:EOS) (PINK:EOPSY) provides an update on remote weapon system business.

1. New Contract Award

Electro Optics Systems Holdings Limited has this week been awarded a A$7.4 million contract by an existing long-term customer for the supply of remote weapon systems. The new contract is for the supply of the EOS R-400 product configuration and will be filled over the next 6 months. Orders are typically delivered over 12 months or more, and this delivery has been expedited for customer convenience and to achieve efficient production.

Although new customers are sought and achieved, EOS receives the majority of its remote weapon systems business from existing customers reflecting the company's commitment to quality, technology, performance and long-term product support.

The new order combines with other orders in production and contracts under negotiation to create a significant backlog of orders for future production. The order backlog is a key factor in planning the efficient work flow in EOS production facilities and those of its suppliers.

2. US Army Updates CROWS Acquisition Update

In May of 2010, EOS announced it had teamed with Northrop Grumman Corporation to compete for US Army requirements for remote weapon systems, including the US Army CROWS program for remote weapon systems. EOS has issued several updates since then on the Army's progress towards awarding the next CROWS contract.

On 2 September 2011 the US Army released further details relating to its acquisition of remote weapon systems, technology and support under its CROWS program. The announcement updates key aspects of the CROWS acquisition:

A. Contract Value.

The value of the initial contract award by Army will be approximately US$970 million. Army has always had full discretion in setting the value of the initial CROWS 3 contract, and no contract value had previously been released.

B. Scope of Work.

The scope of work has been confirmed to include three mandatory elements:

I. Production of up to 3,000 CROWS and spare parts.

II. Product improvements, integrations, and testing.

III. Training, overhaul, depot-level, field maintenance support, recapitalisation/reset of CROWS, and general engineering support, as required.

The restriction of the production quantity to 3,000 units from the previously-announced requirement for 18,000 units is consistent with an initial contract value of A$970 million. A re-compete for further quantities may be applied in future by Army. The contract scope is otherwise unchanged from previous Army updates, and conforms to the scope performed by EOS and Northrop Grumman Corporation under other programs.

C. Production Risk.

Army has clarified how it expects to reduce production risk and achieve the same product performance risk from a new contractor as achieved with current CROWS systems. The statement reads in part:

"The CROWS will be built to a detail specification. The detail specification includes the performance requirements and technical drawings. The detail specification states the design requirements, how the requirements are to be achieved and how the components are to be fabricated or constructed. The detail specification does not include technical drawings and assembly procedures for some sub-assemblies, which are to be made by qualified directed sources at least until the First Article Testing phase. This approach will ensure a very high level of commonality between the new CROWS producer and commonality/interchangeability with existing CROWS systems."

This is the position anticipated by EOS. Provided the technical documentation to be released by Army reaches the standard expected, EOS believes its team's extensive experience in production of various types of weapon systems will allow it to quickly produce products that meet the Army's desired level of commonality and interchangeability.

D. Production Scalability

Army has further clarified consistent earlier [since 2009] indications that it expects the new producer of CROWS to provide a scalable production capability that can efficiently produce "from 0 to 50 CROWS per month with the ability to surge to 150 CROWS per month". This is an extraordinary requirement and essentially means that EOS must be profitable in this business segment without CROWS production since it is not otherwise possible to efficiently provide a wide range of CROWS outputs, based on a minimum monthly output of zero.

Over the past 2 years EOS has achieved sufficient orders and backlog to keep its production resources cost-effectively active at a level that allows the responsive production scalability required by Army. EOS has also extensively updated and upgraded its US production plant, originally built for producing CROWS in large volume in 2005, specifically to allow efficient scaling of output without burdening smaller orders [including smaller CROWS periodic orders] with the cost of idle plant capacity.

These plant and process improvements are operational. EOS has demonstrated in recent years that its business model is sustainable if CROWS is excluded, even when meeting expenses for CROWS requirements. This places EOS in a strong position to meet CROWS requirements, and to grow independently of CROWS.

E. Number of Contractors.

In an earlier public update [10 March 2011] EOS had advised: "The Government's intent is to award multiple (two or more) Indefinite Delivery / Indefinite Quantity (ID/IQ) contracts, however the Government reserves the right to make one award."

The Government [Army] has now clarified that its current intention is to make a single award for one company to perform the entire scope of work.

F. Schedule

The acquisition schedule is generally unchanged from previous Army updates, although more specific dates for key events have been released. Army expects to call for proposals [tenders] by late in 2011. The normal tender response period is around 60 days, suggesting an award by Q2 2012.

The Army's 2 September 2011 update makes no change to the procurement that would require significant change to the competitive approach for CROWS adopted by EOS as part of the Northrop Grumman Corporation team. The team will compete vigorously for any award that Army makes for CROWS.

Ben Greene 
Chief Executive Officer EOS 
Ph: +61-414-365-658 

Mark Bornholt
Chief Executive Officer Defence Systems
Ph: +61-040-404-2528
http://www.eos-aus.com

Electro Optic Systems Holdings Limited (ASX:EOS) Wins Space Contract

newsroom@abnnewswire.net — Wed, 24 Aug 2011 13:08:00 GMT

Electro Optic Systems Holdings Limited (ASX:EOS) has this week been awarded a $3 million Department of Defence Concept Technology Demonstrator (CTD) contract to demonstrate that its electro-optic space surveillance sensors integrate and operate effectively with existing space surveillance sensors.

In the period 2005-2010 the EOS sensors, based on laser and optical technology, had demonstrated all the performance expected for next-generation space tracking requirements, except [a] operational cost-effectiveness and [b] the ability to operate with existing infrastructure.

Since 2010 EOS has been engaged under Australian Space Research Program (ASRP) funding of $4.3 million to demonstrate the operational cost-effectiveness of its space surveillance sensors, principally through fully automated operation of sensors capable of long-range and accurate tracking. These operational extensions will be completed in 2012.

The Defence Concept Technology Demonstrator (CTD) contract, announced today by the Minister for Defence Science and Personnel, Warren Snowdon, will now require those sensors to be tested in real-time operations with existing space surveillance radars, to establish that new sensors can operate effectively within existing tracking infrastructure which represents many billions of dollars of investment.

"This project seeks to show how precision laser tracking systems can co-operate with radar tracking systems to detect and then pin-point space objects. Once the laser has a lock on the object, it can determine the orbit with high precision," Said Dr Craig Smith, CEO of EOS Space Systems Pty Limited, the EOS subsidiary undertaking the effort.

Knowing the precise track of space objects is critical for satellite operators to avoid costly collisions in orbit."

NASA and ESA (European Space Agency) studies estimate that there are at least 300,000 uncontrolled objects of 1cm diameter or larger orbiting the Earth. Each of these objects is capable of causing catastrophic damage should they collide with an active satellite. Much of modern life and defence capability depend upon satellites, and EOS' technology offers the potential to better protect these valuable assets.

"Satellites are vital to so much or our daily lives," said Smith. "Everything from your car's GPS signal to international commerce and many TV shows, depend upon satellites. And, of course, satellites are integral to many vital military systems. Avoiding collisions in space is paramount and knowing the location of space junk is obviously fundamental to collision avoidance."

The US North American Aerospace Defence system uses radars to track a number of the larger objects and orbit predictions generated from these tracks are used to assess likely collisions. If feasible, active satellites manoeuvre to avoid potential collisions.

"The failure to predict the recent collision between an active Iridium satellite and a large debris object (Cosmos) has shown that the orbit predictions generated from current radar data alone do not provide sufficient accuracy to reliably predict all collisions. A means to improve the accuracy of satellite and debris orbit predictions is required if future collisions are to be predicted and avoided," said Dr Smith.

Over the past 20 years EOS has developed techniques and technology which uses active laser tracking to provide extremely accurate (within one metre) measurements of small space debris and satellite orbits. This capability significantly enhances the accuracy of orbits and collision avoidance predictions.

The CTD Contract announced today will involve the expertise of EOS and its partner Northrop Grumman to examine how EOS' Australian-based sensors could be linked to US-based radar to track space objects more accurately and effectively than either system could achieve alone.

The CEO of EOS Dr Ben Greene, commenting on the awarding of the contract said: "There is a very large international investment in space surveillance radar technology, and this infrastructure will continue to operate well into the future. However EOS sensors can augment and enhance the operational effectiveness of these existing investments to provide timely and efficient collision avoidance.

"There is little doubt that radar and optical technologies can each deliver key parts of the overall solution for safe satellite operation in space. However this contract represents the first time the combined operation of these systems will be operationally tested.

"We expect this will be a major step towards the long-term protection of valuable space assets, and the preservation and conservation of the vital space environment," Dr Greene added.

Ben Greene 
Chief Executive Officer EOS 
Mob: +61-414-365-658 

Craig Smith
Chief Executive Officer EOS Space Systems
Ph: +61-414-365-368
http://www.eos-aus.com

Asian Activities Report for August 8, 2011: Laconia Resources (ASX:LCR) to Form Joint Venture with Chinese Investment Group for Mooletar Iron Ore Project

newsroom@abnnewswire.net — Mon, 8 Aug 2011 12:00:32 GMT

Laconia Resources Limited (ASX:LCR) has entered into a joint venture agreement with Chinese syndicate, Sinoz Mining Investment Group, for the exploration and development of the Mooletar Iron Ore Project in Western Australia. Under the Joint Venture Agreement, Sinoz will invest A$7.5 million within 24 months, over three stages to deliver a JORC Code Indicated Resource and Mining Licence at the project. The Mooletar project currently has defined an Exploration Target of 216-264 million tonnes of iron ore.

Altura Mining Limited (ASX:AJM) announced an initial JORC Mineral Resource estimate of 10.5 million tonnes at 1.25% Li2O at its Pilgangoora Lithium project in Western Australia. In addition Altura has further upgraded the current exploration target to 18-25 million tonnes at 1.3-1.6% Li2O. Further drilling has commenced to significantly increase the resource estimate.

White Rock Minerals Limited (ASX:WRM) has received additional high grade silver assays from recent drilling at the Lady Hampden silver prospect on the its 100%-owned Mt Carrington project in northern New South Wales. Mt Carrington contains an overall shallow Inferred Resource of 190,000 ounces of gold and 10 million ounces of silver. The current drilling provides strong support for potential growth of the Resource and will continue throughout August.

Voyager Resources Limited (ASX:VOR) has received initial assay results from the first three Reverse Circulation drill holes completed on the Cughur Discovery at the KM Copper Porphyry Project in southern Mongolia. The drill holes confirm a major new high grade copper discovery which remains open at depth and along strike. Drilling continues on the Project, with numerous other targets being tested.

India's real estate developer Godrej Properties Limited (BOM:533150) has entered into an agreement with Jet Airways Limited (BOM:532617) to develop Jet Airways's property in Mumbai. Godrej will develop approximately one million square feet of office building to be completed in a three year period. The building will be developed to the highest design, construction and sustainability standards.

Asia Business News
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Tokyo Tel: +81-3-6868-3802
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