Ahh... I see you're inspecting an Altarian(or Korx, or Altarian-style) ship.

Blackhole Eruptor - "Guest leaves happily and quickly signal handshake"

Can't forget that one.

The Terran/Arcean ships always have the name of the company which manufactured the components and specifications/model of the components. Altarians/Korx always have absolute nonsense-crap like this. Thalan/Yor/Krynn have some robotic or serious sounding descriptions. Drengin/Korath ships have component names in their own grunt-filled language which we can't understand. But the funniest are the Dread Lords:

Black Hole Generator - "Yet Another Primitive Death Rock"