(UUNN HQ) Postern Associates (TRISE: PASS) announced today that it is in negotiations with Sorian Bank to acquire the patents, intellectual property and some physical assets of Annihilitech, which abruptly ceased operations in May of this year after accounting irregularities were identified (CFO Markos Theran is still a fugitive).
When it closed its doors, Annihilitech was only manufacturing two items: the Senator long-range mortar and the Featherfire ion cannon, but over the years, Annihilitech developed some of the most destructive and powerful weapons known since The Great Collapse — among them the now-outlawed “Imperializer,” which reportedly ruptured atomic structures with high powered gravitrons.
Much of Annihilitech’s weapons R&D was done under contract to other corporations like Particle Systems, Inc. and Aristio Conglomerated.
It is unclear whether Postern intends to restart production of any Annihiltech equipment, or is simply looking to invest in the IP.
(UUNN HQ) Aristio Conglomerated announced today that, effective immediately, it is shutting down production of its unique Graviton Displacer weapon — the Thief.
Company spokesperson Josef Panuluo released the following statement:
Because of lack of sales, Aristio Conglomerated is shutting down the production of this very-unique weapon. We’re sure there will be plenty of inventory available in markets across space to satisfy the need for this weapon for a very long time.
We will also be focusing all production of the very-popular Spitfire ion weapon to our Tripoint manufacturing facility in order to gain production efficiencies there.
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(Octavius Outpost) Three months after accounting irregularities were uncovered, Annilitech has announced that is is ceasing all operations effective immediately. In addition, an arrest warrant has been issued for former CFO Markos Theran.
Additional details will be provided as available.
(Solrain Core) TRI Corporation has released the following statement, responding to a complaint about statements made by Carlo Adiar, its Asst. Director of Conflux Studies:
Although we will not refute the basic premise raised by Mr. Adiar — that there may very well be a cause/effect relationship between current surge in sentient Conflux activity and the extensive Conflux-hunt operation held two weeks ago — we believe that the way in which his message was delivered was not ideal. For that we will apologize.
But we will very clearly point out that Mr. Adiar neither stated nor intended any disrespect to pilot samwise, in whose honor the conflux-hunt was held. Any contention otherwise is without substance or merit.
(Halicon, Soria) Sorian Bancorp, a major debt-holder for Annihilitech, Inc., has called for an an independent review into accounting irregularities at the multifactional manufacturer.
Annihilitech announced that new information had emerged which required investigation into accounting irregularities, and said it was unable to publish its financial results as a result. In the same statement, the corporation also announced that its Chief Financial Officer, Markos Theran would be leaving the company with immediate effect.
Annihilitech said in a statement that it would release its audited 118 consolidated financial statements when it is in a position to do so.
(Quantar Corridor) Today Cromforge Enterprises (TRISE:CROM) today named Reshan Lexis as its new President, and she hit the ground running revealing her plans to begin restructuring manufacturing operations. As a part of that process, this morning Cromforge is discontinuing all weapons manufacturing on Corridor station. Continue reading
(Outpost Station) A lone gunman killed at least 12 and injured dozens more today at the Octave Propulsion capacitor factory on Outpost Station. Although the alleged attacker has not been officially identified, sources indicate that he was one of those impacted by the massive layoff announced by OPL on 117.12.15.
The manufacturing facility has been shut down pending completion of an investigation.