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ISR/SprayCool downsized/downsizing?

Rumor has it that SprayCool, aka ISR, recently had another round of layoffs. I'm thinking this is the fourth round of layoffs in roughly two years. I know the founders sold the company about that time. Today I read on milaero that the company has a new partnership with GE Fanuc and a contract with Northrop Grumman (both impressive). Anyone know anything? Are they just making the company lean and mean, so to speak?

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Courtney E. Howard Permalink Reply by Courtney E. Howard on August 15, 2008 at 2:09pm
SprayCool just revealed three new contracts and partnerships in the past two weeks -- clearly the industry should not yet "count them out."

SprayCool aside, I have talked to a wealth of companies that have been hit hard by the current economic climate -- many executives of which are hopeful (if not a bit dubious) that the upcoming election will bring optimism. Here's hoping for a speedy recovery of the U.S. dollar! I hear the exchange rate is $1.55 U.S. to 1 Euro.

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Courtney E. Howard Permalink Reply by Courtney E. Howard on August 15, 2008 at 2:49pm
Oh, and I should have mentioned that during the Military & Aerospace Electronics Forum (http://mtc09.events.pennnet.com/fl/index.cfm) in March in San Diego, Jim Robles of Boeing said that the prime contractor is investigating spray-cooling technologies. To read more, visit http://mae.pennnet.com/display_article/325952/32/ARTCL/none/none/1/....

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