InVision Technologies Receives $8 Million Order From Korea for CTX 9000 DSi Explosive Detection System
NEWARK, Calif.--Oct. 25, 1999--InVision Technologies, Inc. (Nasdaq:INVN - news) today announced that it has received an order valued at approximately $8 million from Inchon International Airport Corporation (IIAC) in Seoul, Korea, for multiple InVision CTX 9000 DSi explosive detection systems (EDS), accessories, and engineering and integration services. The systems will be shipped during the next three quarters for installation by June 30, 2000.
The CTX 9000 units are InVision's first sales to Korea and will be integrated into the baggage handling system in Seoul's new Inchon International Airport, which is scheduled to open in early 2001.
''Inchon International Airport is a modern and technologically advanced airport,'' said a spokesperson from IIAC. ''The new CTX 9000 complements our strategies of deploying state-of-the-art technology to promote passenger safety.''
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Warren Buffett on natgas and power generation, things we have talked about before (he is buying MidAmerican)>>
Buffett is betting that MidAmerican's natural gas and
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year, compared with a 5 percent gain in the NYSE utilities index.
''We buy good companies with outstanding management and good
growth potential at a fair price, and we're willing to wait
longer than some investors for that potential to be realized,''
Buffett said. ''This investment is right in our sweet spot.'' |
