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NVEC Introduces New Company Name and Logo at the SPIE Defense & Security Conference
Night Vision Equipment Company (Dallas), also known as NVEC, has officially changed its name to Night Vision Systems (NVS), a DRS Technologies Company. The announcement was made at the SPIE Security & Defense Conference in Orlando, Florida on April 17th. Accompanying the company name change is the release of a new logo that will begin appearing on materials, documents and products in coming months. The new name comes a year after NVEC was acquired by DRS Technologies, Inc. in December 2004.
For over 30 years, NVEC was a recognized name as a small business, leading the way in the development and rapid distribution of night vision related products. With the acquisition by DRS, NVEC has decided to create a new brand identity to leverage the legacy of the old NVEC brand with the well known and highly publicized DRS Technologies, Inc. The new Night Vision Systems name provides the opportunity to maintain a separate sense of identity since NVS is viewed as a unique business with a wide customer base both in military and commercial markets.
MagnaChip Files Patent Infringement Lawsuit Against Pixelplus
MagnaChip Semiconductor, Ltd., (Seoul, South Korea), a leading designer and developer of image sensors, announced that it has filed a lawsuit on April 3, 2006, in Seoul Central District Court against Pixelplus Co., Ltd., a Korean company headquartered in the Seoul metropolitan area, for infringement of four Korean patents owned by MagnaChip. The lawsuit seeks approximately US$12 million in damages, plus interest, and requests an injunction against further infringement. The four patents relate to image sensor technology developed by MagnaChip and incorporated into the design and manufacturing processes for Pixelplus products.
Olympus and Movaz Networks Launch Joint Venture Company: Olympus Microsystems America, Inc.