I don’t know where the time is going, but it’s slipping away fast. I had every intention of posting these news nuggets to the Techburgher last week and simply ran out of time. No more excuses, here’s some great news from some Pittsburgh-based tech companies that you probably won’t see in the regular old media. BTW: It’s heading toward 60 degrees today. Read these headlines and then immediately go outside and enjoy the weather.
Chromalox Achieves ATEX Certification for Mexico Facilities
Pittsburgh-based Chromalox, a manufacturer of electric heat and control products, was awarded the ATEX certification for its manufacturing facilities located in Nuevo Laredo, Mexico. By meeting the European Union’s ATEX regulations, the Nuevo Laredo facilities’ products are certified as safe for use in areas where potentially explosive concentrations of gas, vapor, mist or dust may occur. With this approval the products may now be marketed in European countries. Get more details here.
Timesys Announces LinuxLink Support for the Freescale MPC8313E Processor
Timesys Corporation a provider of embedded Linux software solutions, announced LinuxLink support for the Freescale MPC8313E communications processor and its RDB reference board. Taking full advantage of the Freescale e300’s processing core, LinuxLink for the MPC8313E leverages a rich set of common features, including Gigabit Ethernet, High-Speed USB 2.0, and power management.
Subscribers can quickly customize an embedded Linux platform for the MPC8313E using the award-winning LinuxLink Factory. Factory-built Linux platforms for the MPC8313E can be based upon either the Freescale-enabled 2.6.23 kernel or the mainline 2.6.28 Linux kernel. In addition, each Factory built Linux platform will include a GNU-based cross toolchain, hundreds of application-specific root filesystem (RFS) package sources and a suite of commonly used open source development tools, such as GDB, OProfile and mpatrol.
New Confluence Guide Helps Fund Administrators Comply With FAS 161
Confluence, an automated data management solutions provider for the global investment management industry, announced the availability of a fund administrator’s guide to FAS 161, which provides useful guidelines to ensure compliance. The first FAS 161 reporting deadline is February 28, 2009.
A new financial accounting standard from the Financial Accounting Standards Board (FASB), FAS 161 requires additional disclosures for derivative investments. These disclosures are required for funds with material exposure to derivatives. The disclosures supplement existing annual and semi-annual reports, as well as quarterly holdings reports for registered investment companies.
To prepare these disclosures, funds must:
-Group derivatives by type; Provide tabular reporting of financial disclosures for those derivative groups; and Classify derivatives for hedging versus non-hedging purposes, as also addressed through FAS 133.
Download a copy of “Reporting Derivatives Disclosure: An Administrator’s Guide to FAS 161.
