TechMARK movers: Contract wins provide lift

24th Aug 2009 13:07

QinetiQ rose on news that the defence technology group secured a AUS$23m contract from the Australian Department of Defence for TALON robots and replacement parts to support Australian Defence Forces deployed on operations.Developed by QinetiQ North America in Waltham, Massachusetts, TALON robots can be configured for specific tasks including the disposal of Improvised Explosive Devices (IEDs), reconnaissance, the identification of hazardous material, combat engineering support and assistance to police units engaged in SWAT (Special Weapons and Tactics) operations. 'The TALON robot is an excellent example of the world-leading technology that QinetiQ is able to deliver to our clients within Australia and the region,' said Mike Kalms, chief executive of QinetiQ Australia.Chip designer Imagination Technologies also gained after it signed a multi-use license agreement with Ambarella for a member of Imagination's POWERVR SGX graphics processor family. Ambarella will deploy the technology in future consumer electronics designs. Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on shipment of SoCs incorporating Imagination's IP.