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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: DesertRat1 who wrote (123357)	11/25/2003 11:48:25 AM
From: Taki	Read Replies (1) \| Respond to of 150070

RDXM.035.AlertUpdate from site.I wonder how long it will last at these BS prices.Read bold parts.and sold two boats to the Royal Thai Navy. radixmarine.com thesunlink.com radixmarine.com Radix Marine: Unmanned craft, risky missions • Location: Silverdale • Employees: 8-10 • Started: 2001 • Owners: Publicly-held company, trading on the Nasdaq over-the-counter bulletin board • President: Kathy Bright • Revenue, as of June 30: $252,015 • Net loss, as of June 30: $1,229,794 • Specialty: The start-up company designs manned and unmanned surface vehicles for various port security uses. • Boat: Challenger GB Class • Specs: Aluminum construction, travels at 40-plus knots; can carry between 11 and 21 people Radix Marine's vision is a nautical cross between the aerial Predator drone and the land-cruising Humvee. The young company designs boats that take the Humvee's adaptability for many missions and the Predator's ability to do those missions without an onboard pilot. The Silverdale company builds the Challenger, a quick-change artist that, in as little as six minutes, can switch from a firefighting vessel with water cannons to a patrol boat with mounted guns or surveillance equipment. Under a four-year Navy contract, Radix's subsidiary Integrated Maritime Platforms International is working with Northrop Grumman and Raytheon to design an unmanned version. "It can be reconfigured to perform function that you'd prefer not having people involved in" such as sweeping for mines, company President Kathy Bright said. Radix and Integrated Maritime grew out of Team One USA, a Keyport-based company created by some former Navy engineers. They built the first multiple-mission, manned vehicles and tested them in Liberty Bay. The boats are black aluminum hulks that ride low and fast in the water. Intimidation is a big factor, Bright said. Some of Team One's original managers retired, but she wanted to continue with the concept. Its main problem was a perennial one for start-up companies: money. In September 2003, Integrated Marine Platforms International merged with Modern Manufacturing, which gave the company additional financing by selling securities. In the past year, the company has been restructuring its finances. To supplement its income and to pay for marketing and research and development, Radix also has partnered with another Kitsap company, Norsco Marine, to market a line of commercial boats. A 22-foot aluminum boat designed at Radix and made by Norsco was displayed at this weekend's Fish Expo, a Seattle exhibition for commercial fishermen. The company has its eye on the international market, mostly in Asia. It has shown the manned military vessel to the South Korean military and sold two boats to the Royal Thai Navy. Naval and Defense 2003 Exhibition (Korea) The company recently participated in the Naval and Defense 2003 Exhibition in Pusan, South Korea, held October 21-24, 2003. The company teamed with VOGO Engineering, a South Korean shipyard. The photos are of models exhibited at the show. About the Naval and Defense 2003 Exhibition The Naval and Defense 2003 Exhibition is Korea’s only international defense exhibition, co-hosted by the Korea International Trade Association and Korea Navy Headquarters. The show was simultaneously held along with Korea Marine (International Exhibition for Korea’s Marine, Ports, & Shipbuilding, Industries) and SEA-PORT (International Port, Logistics & Environmental Technology Exhibition) under the umbrella of Marine Week 2003 (http://marineweek.org/). Back to News and Press Releases