First China Pharmaceutical Group Inc., a rapidly growing pharmaceutical distribution company in Yunnan, China, today announced it recently held a day-long string of meetings with key managers and employees to discuss recent events and plans for the last quarter of fiscal 2010 (ending March 31, 2010) and fiscal 2011 (ending March 31, 2012).
Through its discussions, the company laid out its plans to capitalize on its recent achievements to secure additional funding, which will enable the company to rapidly increase its product line from 5,000 products currently to more than 30,000 products. Management said that within 12 months the combined capital and increases in marketing and advertising could generate $50 million in sales from the company’s XYT subsidiary alone; within 24 months, the company said it could potentially achieve $100 million in sales.
The company said it believes its “real” growth stems from its ability to quickly close acquisition agreements with sales in the range of $10 million and $40 million, and that if the company can complete some of these acquisitions it could generate an additional $25 million-$75 million in sales within a year of their closing.
First China’s chairman and CEO Zhen Jiang Wang said new initiatives and growing its leadership in the marketplace were also among discussion topics.
“Our meetings were extremely positive and the excitement was palpable. It was clear to everyone that our recent achievements should be perceived against the unexpected and unprecedented Government Health Care reforms instructing institutional health care providers to rapidly move towards agreements with large volume pharmaceutical distributors like First China. Additional initiatives introducing new policies to encourage private funds, including overseas capital, to be channeled into the medical sector have generated extraordinary optimism and opportunities in the sector and Company management extensively discussed participation plans towards developing a leadership role in the growing marketplace,” Wang stated in the press release.
First China noted that since its acquisition of Kun Ming Xin Yuan Tang Pharmacies Co., Ltd. (XYT), the company has rapidly met or exceeded its initial goals, including: signing 17 new Hospital distributor agreements; acquiring two exclusive drug distributorship agreements; initiating plans for the acquisition of the high profile De Xin Pharmacy; launching expansion plans outside Yunnan Province by entering into pending agreements to acquire a strategically located distributor, Shandong Run Kang Pharmaceutical Co. Inc.; and planning to expand core facilities and hire new employees to assist sales, logistics and management growth needs.
For more information visit: www.firstchinapharma.com
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Monday, February 28, 2011
Simulated Environment Concepts, Inc. (SMEV.PK) Takes Health Benefits to Ireland
There’s a new doctor in Ireland. It’s called SpaCapsule, a self-contained massage and sensory stimulation system from Simulated Environment Concepts. Ireland is one of the latest in a string of countries slowly being seduced by the unique combination of hardware and software that does far more than simply provide a refreshing clothes-on water massage. One of the growing attractions of the system is its amazing ability to actually reduce cellulite and enhance skin tone in as little as ten 15-minute sessions. It does this at the same time that it reduces stress and improves mindset.
The real life benefits of SpaCapsule are no surprise when you realize that SpaCapsule was, in fact, designed by doctors, people who have spent years seeing the serious negative effects of stress on both the mind and body. To them, SpaCapsule was always meant to be therapeutic, not just immensely enjoyable. To do this required the sophisticated integration of multiple components, resulting in a synchronized program of audio and visual stimulation, together with aroma and even oxygen therapy, as well as a healthy water massage.
The massage process does not require the user to remove their clothes, making it easy to use in doctors’ offices, clinics, spas, and almost any public location. The fact that SpaCapsule is stand-alone, requiring no special plumbing or unusual power supply, adds to its business attractiveness. Another important feature designed into the system is the fact the user’s head is not covered, avoiding the sense of claustrophobia common in many other hydro massage products.
Although SpaCapsule is designed and produced in the U.S., it is already being sold all over the world, including major recent distribution contracts in Europe and the Middle East. When Graham Gibbons tried out SpaCapsule in the U.S., he decided to import the capsules to Ireland. It’s a common story, where the SpaCapsule experience becomes the best salesman.
For additional information, see www.SpaCapsule.com and the corporate website at www.SecCorporation.com
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The real life benefits of SpaCapsule are no surprise when you realize that SpaCapsule was, in fact, designed by doctors, people who have spent years seeing the serious negative effects of stress on both the mind and body. To them, SpaCapsule was always meant to be therapeutic, not just immensely enjoyable. To do this required the sophisticated integration of multiple components, resulting in a synchronized program of audio and visual stimulation, together with aroma and even oxygen therapy, as well as a healthy water massage.
The massage process does not require the user to remove their clothes, making it easy to use in doctors’ offices, clinics, spas, and almost any public location. The fact that SpaCapsule is stand-alone, requiring no special plumbing or unusual power supply, adds to its business attractiveness. Another important feature designed into the system is the fact the user’s head is not covered, avoiding the sense of claustrophobia common in many other hydro massage products.
Although SpaCapsule is designed and produced in the U.S., it is already being sold all over the world, including major recent distribution contracts in Europe and the Middle East. When Graham Gibbons tried out SpaCapsule in the U.S., he decided to import the capsules to Ireland. It’s a common story, where the SpaCapsule experience becomes the best salesman.
For additional information, see www.SpaCapsule.com and the corporate website at www.SecCorporation.com
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American Nano (ANNO.OB) Posts Second Year of Profitability; Solid Q1 Results
American Nano Silicon Technologies Inc., a leading manufacturer and distributor of micro nano silicon-based products, today announced its financial results for its first quarter ended December 31, 2010, reflecting solid growth from increased demand.
The company reported a 43 percent increase to $5.92 million for the first quarter, attributable to increased market awareness of the company’s products for the detergent and cement industries.
Net income increased 259 percent to $2. 58 million over the first quarter of 2009.
“We are pleased to announce solid financial results and robust growth in the quarter,” Fachun Pu, CEO of American Nano stated in the press release. “Our first-quarter results came in strong as anticipated. We experienced 42.7% growth in our revenues for the quarter year over year. We have seen increased demand in the Sichuan Province for our non-phosporous based detergent and cement additive products. Consumers are constantly becoming more conscious of using environmentally safe products and contributing to a cleaner environment. Using our emerging technologies, we continue to develop new products including our non-phosphate flame resistant additive. Additionally, we have sufficient cash from operations to fund our continued capacity expansion.”
American Nano operates through its 95 percent-owned subsidiary Nanchong Chunfei Nano Silicon Technologies Co., Ltd. The company’s micro nano silicon-based products are focused on the concrete and non-phosphate detergent industries, though micro nano silicon (TM) is also widely used in laundry detergent, petrochemical, plastics, rubber, paper, ceramics and water treatment materials, among others. The company noted increased demand for its products and the need for rapid expansion of its production capacity, as well as strengthening current customer relationships.
“We have recently increased our customer base and expect to establish long-term relationships with each new customer. In turn we believe this will further strengthen our robust revenue growth in the future,” Pu stated.
For more information visit http://www.usnanosi.com
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The company reported a 43 percent increase to $5.92 million for the first quarter, attributable to increased market awareness of the company’s products for the detergent and cement industries.
Net income increased 259 percent to $2. 58 million over the first quarter of 2009.
“We are pleased to announce solid financial results and robust growth in the quarter,” Fachun Pu, CEO of American Nano stated in the press release. “Our first-quarter results came in strong as anticipated. We experienced 42.7% growth in our revenues for the quarter year over year. We have seen increased demand in the Sichuan Province for our non-phosporous based detergent and cement additive products. Consumers are constantly becoming more conscious of using environmentally safe products and contributing to a cleaner environment. Using our emerging technologies, we continue to develop new products including our non-phosphate flame resistant additive. Additionally, we have sufficient cash from operations to fund our continued capacity expansion.”
American Nano operates through its 95 percent-owned subsidiary Nanchong Chunfei Nano Silicon Technologies Co., Ltd. The company’s micro nano silicon-based products are focused on the concrete and non-phosphate detergent industries, though micro nano silicon (TM) is also widely used in laundry detergent, petrochemical, plastics, rubber, paper, ceramics and water treatment materials, among others. The company noted increased demand for its products and the need for rapid expansion of its production capacity, as well as strengthening current customer relationships.
“We have recently increased our customer base and expect to establish long-term relationships with each new customer. In turn we believe this will further strengthen our robust revenue growth in the future,” Pu stated.
For more information visit http://www.usnanosi.com
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Voyager Oil & Gas Inc. (VYOG.OB) Approved for Listing on the NYSE Amex
Voyager Oil & Gas Inc. is an oil exploration and production company whose primary focus is on oil shale resource prospects in the continental United States. The company currently controls approximately 138,000 net acres in the following five primary prospect areas:
• 24,000 net acres targeting the Bakken/Three Forks in North Dakota and Montana
• 14,200 net acres targeting the Niobrara formation in Colorado and Wyoming
• 800 net acres targeting a specific Red River prospect in Montana
• 33,500 net acres in a joint venture which targets the Heath Shale formation in Montana
• 65,000 net acres in a joint venture in the Tiger Ridge gas field in Montana
The company announced today that its shares of common stock have been approved for listing on the NYSE Amex stock exchange under the symbol “VOG”. Voyager Oil’s shares, which are currently listed on the OTCBB, are expected to begin trading on the NYSE Amex Tuesday, March 1. 2011.
As with any other company, this is a huge step forward for Voyager Oil & Gas. The company’s CEO, J.R. Reger, stated, “This is an important milestone for Voyager. We believe that trading on the NYSE Amex will provide more liquidity for our current stockholders and increase visibility to the investment community.”
For further information about Voyager Oil & Gas, please visit the company’s website at www.voyageroil.com.
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• 24,000 net acres targeting the Bakken/Three Forks in North Dakota and Montana
• 14,200 net acres targeting the Niobrara formation in Colorado and Wyoming
• 800 net acres targeting a specific Red River prospect in Montana
• 33,500 net acres in a joint venture which targets the Heath Shale formation in Montana
• 65,000 net acres in a joint venture in the Tiger Ridge gas field in Montana
The company announced today that its shares of common stock have been approved for listing on the NYSE Amex stock exchange under the symbol “VOG”. Voyager Oil’s shares, which are currently listed on the OTCBB, are expected to begin trading on the NYSE Amex Tuesday, March 1. 2011.
As with any other company, this is a huge step forward for Voyager Oil & Gas. The company’s CEO, J.R. Reger, stated, “This is an important milestone for Voyager. We believe that trading on the NYSE Amex will provide more liquidity for our current stockholders and increase visibility to the investment community.”
For further information about Voyager Oil & Gas, please visit the company’s website at www.voyageroil.com.
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ONE Bio Corp. (ONBI.OB) is “One to Watch”
ONE Bio Corp. is an agritech company that utilizes green process manufacturing to produce raw chemicals and herbal extracts, natural supplements, and organic products. The company focuses on the research and development, production, and sale of various extracts from tobacco leaf residues and various plants for health supplements and organic agricultural products.
Offering a range of bio-ecological products, which include raw chemical materials such as organic fertilizers and pesticides, ONE Bio also produces health and energy drinks, organic food products, and fertilizers derived primarily from bamboo. The company’s products are sold through a network of independent third party distributors, as well as directly to supermarket chains, hotels, hospitals, and restaurants.
It has been estimated that the Chinese market for functional foods and beverages and dietary supplements stands at $25B-30B, creating a huge potential market for ONE Bio’s products. The company’s team in China works in unison with North American management to insure prudent, organized growth of the core business, with an emphasis on risk management and internal controls.
ONE Bio is currently pursuing an aggressive acquisition strategy to achieve growth. Targeting companies that are fast growing and cash flow positive, ONE Bio aims to support the growth of these companies with strong managerial insight and direction as well as adequate financing. The company also pursues operating assets synergistic with its current operating units and business strategy worldwide.
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Offering a range of bio-ecological products, which include raw chemical materials such as organic fertilizers and pesticides, ONE Bio also produces health and energy drinks, organic food products, and fertilizers derived primarily from bamboo. The company’s products are sold through a network of independent third party distributors, as well as directly to supermarket chains, hotels, hospitals, and restaurants.
It has been estimated that the Chinese market for functional foods and beverages and dietary supplements stands at $25B-30B, creating a huge potential market for ONE Bio’s products. The company’s team in China works in unison with North American management to insure prudent, organized growth of the core business, with an emphasis on risk management and internal controls.
ONE Bio is currently pursuing an aggressive acquisition strategy to achieve growth. Targeting companies that are fast growing and cash flow positive, ONE Bio aims to support the growth of these companies with strong managerial insight and direction as well as adequate financing. The company also pursues operating assets synergistic with its current operating units and business strategy worldwide.
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Midway Gold Corp. (MDW) is “One to Watch”
Midway Gold Corp. is a precious metals company focused on exploring, designing, building and operating mines in an accountable manner while producing an acceptable return to its shareholders. The company controls mineral rights along three major gold trends in Nevada and in the Republic district of Washington.
Midway’s technical staff has extensive exploration and mining experience, acquiring and finding five new deposits in five years, and holding an overall discovery record of over 30 million ounces of gold. The team is led by President, COO and Director Kenneth A. Brunk who has conducted numerous feasibility studies and been responsible for designing, constructing, staffing and operating multiple mining operations around the world.
In recent news, Midway Gold announced that exploration drilling conducted in the fourth quarter of last year resulted in an extension of the mineralized strike length by about 1.8 km to the south-southwest of the previously known gold resource at Spring Valley. Mr. Brunk commented, “It will be exciting to watch the development of this potentially world-class gold system.”
The macroeconomic environment, including a weakening dollar, the sovereign debt crisis in the Euro-zone, increased liquidity and loose fiscal policies, are supporting higher gold prices. Since 2001, gold prices have quadrupled, rising to all-time highs of over $1,400 an ounce. According to industry estimates, gold prices are expected to near $2,000 per ounce by the end of 2011.
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Midway’s technical staff has extensive exploration and mining experience, acquiring and finding five new deposits in five years, and holding an overall discovery record of over 30 million ounces of gold. The team is led by President, COO and Director Kenneth A. Brunk who has conducted numerous feasibility studies and been responsible for designing, constructing, staffing and operating multiple mining operations around the world.
In recent news, Midway Gold announced that exploration drilling conducted in the fourth quarter of last year resulted in an extension of the mineralized strike length by about 1.8 km to the south-southwest of the previously known gold resource at Spring Valley. Mr. Brunk commented, “It will be exciting to watch the development of this potentially world-class gold system.”
The macroeconomic environment, including a weakening dollar, the sovereign debt crisis in the Euro-zone, increased liquidity and loose fiscal policies, are supporting higher gold prices. Since 2001, gold prices have quadrupled, rising to all-time highs of over $1,400 an ounce. According to industry estimates, gold prices are expected to near $2,000 per ounce by the end of 2011.
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Big Cat Energy Corp. (BCTE.OB) Announces $150k Initial Production Order for Environmentally Friendly ARID Water Handling System
Big Cat Energy, www.bigcatenergy.com – the leading provider of environmentally friendly solutions for Coal Bed Methane (CBM) operators to safely handle produced water by eliminating surface discharged water via the Company’s proprietary ARID™ Aquifer Recharge Injection system, reported receipt today of a $150k order for the ARID system from High Plains Gas, Inc., to facilitate operations at two of that company’s production fields.
President and CEO of BCTE, Tim Barritt, noted the tight integration between BCTE and High Plains, showcasing the Company’s ability to stay ahead of demand within the sector by working directly with customers to maintain ongoing evaluation of requirements and the potential for ARID implementation.
Barritt called the order a hallmark of things to come, fully aware of the projected growth at High Plains, where CBM water handling requirements have steadily increased to a point where the ARID system can not only provide cost and efficiency improvements, but help to instantly address environmental impact concerns across the board.
The multiple benefits of the ARID system to CBM operators and landowners, from outrightly eliminating a variety of costs to reducing the time required to complete operations, is enough to justify its use; but the way this ingenious system is able cut the environmental impact of CBM operations, effectively making those operators “green” operators, is truly extraordinary.
Terms of the order stipulate that a payment be made in cash with the order and that once permitting has been completed (scheduled to start immediately, BCTE projects a late April issuance date on necessary permits) the balance is due.
COO of BCTE, Ray Murphy, underscored the four years of R&D and pilot programs that have gone into making ARID the “best practice” for CBM water handling under full production conditions. Murphy thanked High Plains for operational and financial support during this process, providing encouraging evidence that we have not seen the last of this dynamic duo.
President and COO of High Plains, Mark Hettinger, echoed the sentiments expressed by BCTE personnel roundly, calling this order the first step towards rapid integration of the ARID system along predetermined lines.
Hettinger pointed out that additional areas, prime for installation of the ARID system were currently under review and that the “cost savings and ease of use” the ARID system provides would enable High Plains to bring many stranded wells, which lack the proper infrastructure currently, online and into environmentally safe production.
The Company has already delivered a prior $80k order of ARID technology to High Plains and as these already permitted installations come online, BCTE is able to provide ample evidence to shareholders that near- and long-term returns are well within the Company’s grasp.
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President and CEO of BCTE, Tim Barritt, noted the tight integration between BCTE and High Plains, showcasing the Company’s ability to stay ahead of demand within the sector by working directly with customers to maintain ongoing evaluation of requirements and the potential for ARID implementation.
Barritt called the order a hallmark of things to come, fully aware of the projected growth at High Plains, where CBM water handling requirements have steadily increased to a point where the ARID system can not only provide cost and efficiency improvements, but help to instantly address environmental impact concerns across the board.
The multiple benefits of the ARID system to CBM operators and landowners, from outrightly eliminating a variety of costs to reducing the time required to complete operations, is enough to justify its use; but the way this ingenious system is able cut the environmental impact of CBM operations, effectively making those operators “green” operators, is truly extraordinary.
Terms of the order stipulate that a payment be made in cash with the order and that once permitting has been completed (scheduled to start immediately, BCTE projects a late April issuance date on necessary permits) the balance is due.
COO of BCTE, Ray Murphy, underscored the four years of R&D and pilot programs that have gone into making ARID the “best practice” for CBM water handling under full production conditions. Murphy thanked High Plains for operational and financial support during this process, providing encouraging evidence that we have not seen the last of this dynamic duo.
President and COO of High Plains, Mark Hettinger, echoed the sentiments expressed by BCTE personnel roundly, calling this order the first step towards rapid integration of the ARID system along predetermined lines.
Hettinger pointed out that additional areas, prime for installation of the ARID system were currently under review and that the “cost savings and ease of use” the ARID system provides would enable High Plains to bring many stranded wells, which lack the proper infrastructure currently, online and into environmentally safe production.
The Company has already delivered a prior $80k order of ARID technology to High Plains and as these already permitted installations come online, BCTE is able to provide ample evidence to shareholders that near- and long-term returns are well within the Company’s grasp.
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Savient Pharmaceuticals, Inc. (SVNT) Announces New Drug
Friday, Savient Pharmaceuticals, Inc. announced the launch of their leading drug KRYSTEXXA. KRYSTEXXA has recently been approved by the U.S. Food and Drug Administration for the treatment of chronic gout. The company’s product is now the first and only therapy available to address this condition.
John H. Johnson, Chief Executive Officer of Savient, stated “Since receiving FDA approval for KRYSTEXXA, we have focused on preparing for a successful U.S. Launch. Our sales force has completed very thorough and extensive training. We are excited to deploy this highly talented and biologics experienced team into their territories. There has never been a more exciting time in the history of Savient, nor for the chronic gout patients, who have waited so long for a therapy that has the potential to change the course of their lives.”
Savient has made several key decisions in order to get this drug passed:
Experienced Sales Team – Savient has hired an experienced sales force including: regional medical scientists, care executives, business directors, nurse educators and area business solutions managers. Each of these new hires is working with local hospital staff to address patient need.
Reimbursement Plan in Place – Savient has also retained reimbursement specialists to assist physicians and office personnel as they work through the reimbursement process. To date, Savient believes that no patients have been denied reimbursement for KRYSTEXXA.
Staged Roll-out – Savient will roll out the product in separate stages. During the first phase of the launch program, Savient sales teams will target Rheumatologists and Nephrologists.
Expanding market opportunities – Savient is on track to complete the EU submission for KRYSTEXXA in the first quarter of 2011 or shortly thereafter.
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John H. Johnson, Chief Executive Officer of Savient, stated “Since receiving FDA approval for KRYSTEXXA, we have focused on preparing for a successful U.S. Launch. Our sales force has completed very thorough and extensive training. We are excited to deploy this highly talented and biologics experienced team into their territories. There has never been a more exciting time in the history of Savient, nor for the chronic gout patients, who have waited so long for a therapy that has the potential to change the course of their lives.”
Savient has made several key decisions in order to get this drug passed:
Experienced Sales Team – Savient has hired an experienced sales force including: regional medical scientists, care executives, business directors, nurse educators and area business solutions managers. Each of these new hires is working with local hospital staff to address patient need.
Reimbursement Plan in Place – Savient has also retained reimbursement specialists to assist physicians and office personnel as they work through the reimbursement process. To date, Savient believes that no patients have been denied reimbursement for KRYSTEXXA.
Staged Roll-out – Savient will roll out the product in separate stages. During the first phase of the launch program, Savient sales teams will target Rheumatologists and Nephrologists.
Expanding market opportunities – Savient is on track to complete the EU submission for KRYSTEXXA in the first quarter of 2011 or shortly thereafter.
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BIO-key International Inc. (BKYI) to Attend IBM Pulse Conference 2011
BIO-key International, Inc., a leader in the development and marketing of fingerprint biometric technology and solutions in the US, recently announced that it will be a participant in the IBM Pulse Conference for 2011. The Premier Service Managers Event will be held in the MGM Grand Hotel in Las Vegas, Nevada from February 27-March 2, 2011. BIO-key will be represented at BOOTH #E111.
The company is proud to be honored as an IBM technology partner, showcasing their new products and solutions at this year’s Pulse Conference. The company will present its newest, most innovative finger-based biometric identification technology, focusing on its enhancements and new software capabilities.
With two days of general session keynotes and 300+ client sessions, Pulse 2011 will demonstrate its Integrated Service Management and how it will help various organizations, design, deliver, and manage services with business and IT boundaries. Pulse 2011 is a provider of a plethora of opportunities to learn from industry experts and to network with attendees to gain the necessary insight and advice to take their service management strategy to an optimal level.
“The Pulse conference allows us to further relationships with channel partners along with IBM product managers and sales representatives, while we share our vision of the future,” stated Ben Hammel, Director of Identity Management Solutions.” These dynamic exchanges allow us to empower our partners with the latest biometric identity solutions for their clients.”
Hammel continued, “We are extremely excited about our ability to implement finger based biometric solutions with the IBM TAM ESSO global user and partner community.TAM ESSO users can now take advantage of the reader independence capabilities with unlimited scalability using BIO-key software.”
Pulse also provides the opportunity to “Meet the Experts”, which allows the attendees to engage in informal conversations and discussions with technical and business leaders who engage in the design, development, and support IBM products and services that are presented at Pulse. Mr. E.K. Koh, Program Director for Single Sign-on, Tivoli Software/ IBM Software Group, will be offering his insight on TAM ESSO and BIO-key technology on Tuesday March 1st at 10:45am.
“IBM took a leadership role by integrating BIO-key’s biometric technology into their TAM ESSO platform and this event will allow us to disseminate the message that TAM ESSO now has state of the art finger biometric capabilities. Our goal is to support our channel partners and IBM sales and marketing group so they can share the news to their clients,” said Scott Mahnken, Vice President Marketing.
BIO-key International, Inc. engages in the development and marketing of fingerprint biometric technology in the United States. The company offers a suite of biometric products, including Vector Segment Technology SDK, a biometric development kit; True User identification, a biometric identification solution that offers one-to-many user look up with just a single fingerprint; and WEB-key, a biometric security platform for managing fingerprint authentication across unprotected networks, including the Internet.
The company’s product line also compromises Biometric Service Provider, which supports the BioAPI for compliant interface to application via biometrics for verification and identification. BIO-key International has a strategic partnership with Oracle, Computer Associates, IBM, and AT&T. BIO-key’ technology is offered directly or through market leading partners globally. The company, founded in 1993, is headquartered in Wall, New Jersey.
For more information on BIO-key International, Inc. and its products and services, visit their website: www.bio-key.co
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The company is proud to be honored as an IBM technology partner, showcasing their new products and solutions at this year’s Pulse Conference. The company will present its newest, most innovative finger-based biometric identification technology, focusing on its enhancements and new software capabilities.
With two days of general session keynotes and 300+ client sessions, Pulse 2011 will demonstrate its Integrated Service Management and how it will help various organizations, design, deliver, and manage services with business and IT boundaries. Pulse 2011 is a provider of a plethora of opportunities to learn from industry experts and to network with attendees to gain the necessary insight and advice to take their service management strategy to an optimal level.
“The Pulse conference allows us to further relationships with channel partners along with IBM product managers and sales representatives, while we share our vision of the future,” stated Ben Hammel, Director of Identity Management Solutions.” These dynamic exchanges allow us to empower our partners with the latest biometric identity solutions for their clients.”
Hammel continued, “We are extremely excited about our ability to implement finger based biometric solutions with the IBM TAM ESSO global user and partner community.TAM ESSO users can now take advantage of the reader independence capabilities with unlimited scalability using BIO-key software.”
Pulse also provides the opportunity to “Meet the Experts”, which allows the attendees to engage in informal conversations and discussions with technical and business leaders who engage in the design, development, and support IBM products and services that are presented at Pulse. Mr. E.K. Koh, Program Director for Single Sign-on, Tivoli Software/ IBM Software Group, will be offering his insight on TAM ESSO and BIO-key technology on Tuesday March 1st at 10:45am.
“IBM took a leadership role by integrating BIO-key’s biometric technology into their TAM ESSO platform and this event will allow us to disseminate the message that TAM ESSO now has state of the art finger biometric capabilities. Our goal is to support our channel partners and IBM sales and marketing group so they can share the news to their clients,” said Scott Mahnken, Vice President Marketing.
BIO-key International, Inc. engages in the development and marketing of fingerprint biometric technology in the United States. The company offers a suite of biometric products, including Vector Segment Technology SDK, a biometric development kit; True User identification, a biometric identification solution that offers one-to-many user look up with just a single fingerprint; and WEB-key, a biometric security platform for managing fingerprint authentication across unprotected networks, including the Internet.
The company’s product line also compromises Biometric Service Provider, which supports the BioAPI for compliant interface to application via biometrics for verification and identification. BIO-key International has a strategic partnership with Oracle, Computer Associates, IBM, and AT&T. BIO-key’ technology is offered directly or through market leading partners globally. The company, founded in 1993, is headquartered in Wall, New Jersey.
For more information on BIO-key International, Inc. and its products and services, visit their website: www.bio-key.co
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Allos Therapeutics, Inc. (ALTH) Video Chart for Monday, February 28, 2011
Friday’s movement gave hints that ALTH may be ready to try and climb off the bottom. Support is defined in the area of $3.18 with 10 percent gain upside to the first major resistance from Friday’s close.
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Masterbeat Corp. (MSTO.OB) Completes Acquisition of AudioStreet, Inc.
Masterbeat Corp. announced Friday that they consummated their acquisition of AudioStreet, Inc., a privately-held operator of website communities focused on music-based content. These website communities include www.AudioStreet.net, www.MixStreet.net, and www.LiveMansion.com.
Masterbeat owns and operates www.masterbeat.com. Masterbeat.com is a digital music download store offering consumers more than 5 million tracks. These tracks range from past and present hits to rare and exclusive dance and DJ remixes from major and independent labels.
Brett Henrichsen, Masterbeat’s Chief Executive Officer (CEO) and Founder, announced, “Masterbeat was founded in an effort to create the best possible user experience for audiophiles and to offer only the highest quality ‘audio files’ in the process. This deal will strengthen Masterbeat’s efforts to become the premier digital music community on the web.”
Henrichsen will step down as CEO to assume the position of Chief Creative Officer. “Relieving me of the responsibility of operating our back office on a daily basis will allow me to focus my energy on driving massive traffic to the sites and increasing revenue,” Henrichsen said. Music Industry heavyweight Dick Wingate will remain the Chairman of the combined companies.
AudioStreet.net and MixStreet.com began in 2004 and 2005, respectively, as online destinations for musicians, DJs, and music mixologists. These sites provide a platform for artist discovery and for the promotion and distribution of new music from independent producers. These two sites, combined, currently have more than 40,000 brands and 20,000 actively participating DJs.
Mr. Chris Messalas, Chairman of AudioStreet, Inc., stated, “We are excited about the synergy that exists between AudioStreet’s brands and Masterbeat. We look forward to the imminent growth of all of the brands under the stewardship of the Masterbeat team.” Appointed CEO of Masterbeat Corporation, Mr. Messalas will lead the joint entity.
Since 2008, Chris Messalas has been the Chairman and CEO of AudioStreet, Inc. Mr. Messalas also has over 19 years experience in the securities industry. His specialty is in the micro and small cap markets. Mr. Messalas, as the Managing Partner of LeadDog Capital LP, has formed strategic relationships with some of the world’s largest institutional investors and lenders allowing them to structure creative corporate financing solutions for high growth companies.
Mr. Jan Chason has been appointed COO and CFO of Masterbeat. Mr. Chason has extensive experience in financial management in the entertainment industry. He has served as the CFO and in other senior financial positions for several public companies. He was part of the team that built SFX Radio and SFX Entertainment into Live Nation Entertainment. Mr. Chason is also the CFO of several small cap companies. Before serving in these positions, he was a Partner in Ernst & Young LLP.
For more information on Masterbeat Corporation visit: www.masterbeat.com
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Masterbeat owns and operates www.masterbeat.com. Masterbeat.com is a digital music download store offering consumers more than 5 million tracks. These tracks range from past and present hits to rare and exclusive dance and DJ remixes from major and independent labels.
Brett Henrichsen, Masterbeat’s Chief Executive Officer (CEO) and Founder, announced, “Masterbeat was founded in an effort to create the best possible user experience for audiophiles and to offer only the highest quality ‘audio files’ in the process. This deal will strengthen Masterbeat’s efforts to become the premier digital music community on the web.”
Henrichsen will step down as CEO to assume the position of Chief Creative Officer. “Relieving me of the responsibility of operating our back office on a daily basis will allow me to focus my energy on driving massive traffic to the sites and increasing revenue,” Henrichsen said. Music Industry heavyweight Dick Wingate will remain the Chairman of the combined companies.
AudioStreet.net and MixStreet.com began in 2004 and 2005, respectively, as online destinations for musicians, DJs, and music mixologists. These sites provide a platform for artist discovery and for the promotion and distribution of new music from independent producers. These two sites, combined, currently have more than 40,000 brands and 20,000 actively participating DJs.
Mr. Chris Messalas, Chairman of AudioStreet, Inc., stated, “We are excited about the synergy that exists between AudioStreet’s brands and Masterbeat. We look forward to the imminent growth of all of the brands under the stewardship of the Masterbeat team.” Appointed CEO of Masterbeat Corporation, Mr. Messalas will lead the joint entity.
Since 2008, Chris Messalas has been the Chairman and CEO of AudioStreet, Inc. Mr. Messalas also has over 19 years experience in the securities industry. His specialty is in the micro and small cap markets. Mr. Messalas, as the Managing Partner of LeadDog Capital LP, has formed strategic relationships with some of the world’s largest institutional investors and lenders allowing them to structure creative corporate financing solutions for high growth companies.
Mr. Jan Chason has been appointed COO and CFO of Masterbeat. Mr. Chason has extensive experience in financial management in the entertainment industry. He has served as the CFO and in other senior financial positions for several public companies. He was part of the team that built SFX Radio and SFX Entertainment into Live Nation Entertainment. Mr. Chason is also the CFO of several small cap companies. Before serving in these positions, he was a Partner in Ernst & Young LLP.
For more information on Masterbeat Corporation visit: www.masterbeat.com
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Gastar Exploration Ltd. (GST) Announces Marcellus Shale Leasehold Purchase
Gastar Exploration Ltd. announced the purchase of mineral leasehold in the Appalachian Basin that is prospective for oil and gas. This was the company’s second purchase of acreage in recent months within the region.
Gastar Exploration Ltd. said that it has purchased 3,300 gross acres of leasehold in partnership with Atinum Marcellus I LLC. The two entities are involved in a joint venture in the basin.
Gastar Exploration Ltd. said that the leasehold is located in Marshall County, West Virginia, and the two companies will be targeting the Marcellus Shale formation in that area. Wells here contain natural gas and a high level of natural gas liquids.
The acquired acreage is located on the site of a chemical plant owned by PPG Industries (PPG), and has thirty potential drilling locations. The company plans to start drilling in the last six months of 2011.
In December 2010, Gastar Exploration Ltd. closed on the acquisition of 62,000 net acres of mineral leasehold for $29.1 million. The acreage is located in several different counties in West Virginia, and was producing 500,000 cubic feet per day of natural gas on the date of purchase.
Gastar Exploration Ltd. also purchased a forty one mile natural gas gathering system and a salt water disposal well in the deal.
For more information on the company, go to www.gastar.com
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Gastar Exploration Ltd. said that it has purchased 3,300 gross acres of leasehold in partnership with Atinum Marcellus I LLC. The two entities are involved in a joint venture in the basin.
Gastar Exploration Ltd. said that the leasehold is located in Marshall County, West Virginia, and the two companies will be targeting the Marcellus Shale formation in that area. Wells here contain natural gas and a high level of natural gas liquids.
The acquired acreage is located on the site of a chemical plant owned by PPG Industries (PPG), and has thirty potential drilling locations. The company plans to start drilling in the last six months of 2011.
In December 2010, Gastar Exploration Ltd. closed on the acquisition of 62,000 net acres of mineral leasehold for $29.1 million. The acreage is located in several different counties in West Virginia, and was producing 500,000 cubic feet per day of natural gas on the date of purchase.
Gastar Exploration Ltd. also purchased a forty one mile natural gas gathering system and a salt water disposal well in the deal.
For more information on the company, go to www.gastar.com
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Sauer Energy, Inc. (SENY.OB) Announces Third Patent on its Next Generation Wind Turbine
Located in Newbury Park, California, this young company has made a name for itself by commercializing what it believes to be revolutionary patented technology in wind turbines that is designed to make them highly efficient and productive while being small and affordable. Today, Sauer Energy made national news with the announcement they have secured a third patent for this technology.
The patent, which was issued by the United States Patent and Trademark Office (USPTO), covers some of the company’s most revolutionary wind turbine aspects for the maximum capture of wind energy. Coverage will include aerodynamic features that will incorporate air strakes on the inside of the blades which will provide an array of benefits to both consumers and the environment. While the news of this patent is a strong indicator of positive things to come for Sauer Energy and their shareholders, perhaps the biggest news of all is that the company has many more patents pending and in development.
Leading the way at Sauer Energy is Dieter Sauer who serves as the president and CEO. Sauer has made it clear to the marketplace that this company has the mission of being the leader in wind energy technology and was quoted as saying, “We believe our patented and patent pending wind turbine technology holds great value for the renewable energy industry, and will provide us with barriers to entry and strong competitive advantages in the market as we focus on commercializing our technology in 2011.”
Currently, Sauer Energy is trading in the $1.08 range. With the vast amount of technology in their pipeline and a strong grip on their niche of the marketplace, Sauer Energy may be a company that investors will consider placing in their portfolio while it is still low enough to gain a strong position.
To learn more about this patent or Sauer Energy as a whole, visit the company website at: www.SauerEnergy.com
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The patent, which was issued by the United States Patent and Trademark Office (USPTO), covers some of the company’s most revolutionary wind turbine aspects for the maximum capture of wind energy. Coverage will include aerodynamic features that will incorporate air strakes on the inside of the blades which will provide an array of benefits to both consumers and the environment. While the news of this patent is a strong indicator of positive things to come for Sauer Energy and their shareholders, perhaps the biggest news of all is that the company has many more patents pending and in development.
Leading the way at Sauer Energy is Dieter Sauer who serves as the president and CEO. Sauer has made it clear to the marketplace that this company has the mission of being the leader in wind energy technology and was quoted as saying, “We believe our patented and patent pending wind turbine technology holds great value for the renewable energy industry, and will provide us with barriers to entry and strong competitive advantages in the market as we focus on commercializing our technology in 2011.”
Currently, Sauer Energy is trading in the $1.08 range. With the vast amount of technology in their pipeline and a strong grip on their niche of the marketplace, Sauer Energy may be a company that investors will consider placing in their portfolio while it is still low enough to gain a strong position.
To learn more about this patent or Sauer Energy as a whole, visit the company website at: www.SauerEnergy.com
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Friday, February 25, 2011
New Energy Technologies, Inc. (NENE.OB) is “One to Watch”
New Energy Technologies, Inc. is focused on researching, developing and eventually commercializing emerging next-generation alternative and renewable energy technologies. The company is currently developing a novel MotionPower technology which generates electricity from the motion of vehicles, and the first-of-its-kind SolarWindow technology capable of generating electricity on see-thru glass windows.
To-date, New Energy has filed nine new patent applications with the United States Patent and Trademark Office (USPTO) and two international patent applications to its MotionPower technologies. As millions of vehicles slow or come to a stop at toll plazas, rest areas, drive-thrus and countless other roadway points, their motion energy, derived from the burning of fossil fuels, is dissipated in brakes and lost as heat to the environment. New Energy’s MotionPower devices use this lost energy to generate electricity.
New Energy’s SolarWindow technology makes use of the world’s smallest functional solar cells. These cells can generate electricity from both natural and artificial light sources. Once scaled-up for use in commercial-scale production, New Energy anticipates the ability to spray solar coatings directly onto New Energy’s first-of-its-kind see-thru SolarWindow, providing significant commercial production advantages over today’s thin-films.
Last month, New Energy announced that researchers have successfully developed a 12”x12” working prototype of the Company’s SolarWindow technology. The prototype marks a 300% increase in size over its predecessor and brings the SolarWindow technology another step closer to the residential and commercial end-user.
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To-date, New Energy has filed nine new patent applications with the United States Patent and Trademark Office (USPTO) and two international patent applications to its MotionPower technologies. As millions of vehicles slow or come to a stop at toll plazas, rest areas, drive-thrus and countless other roadway points, their motion energy, derived from the burning of fossil fuels, is dissipated in brakes and lost as heat to the environment. New Energy’s MotionPower devices use this lost energy to generate electricity.
New Energy’s SolarWindow technology makes use of the world’s smallest functional solar cells. These cells can generate electricity from both natural and artificial light sources. Once scaled-up for use in commercial-scale production, New Energy anticipates the ability to spray solar coatings directly onto New Energy’s first-of-its-kind see-thru SolarWindow, providing significant commercial production advantages over today’s thin-films.
Last month, New Energy announced that researchers have successfully developed a 12”x12” working prototype of the Company’s SolarWindow technology. The prototype marks a 300% increase in size over its predecessor and brings the SolarWindow technology another step closer to the residential and commercial end-user.
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Chelsea Therapeutics International Ltd. (CHTP) Video Chart for Friday, February 25, 2011
CHTP has formed a two-day reversal pattern called a bullish harami. While not the strongest reversal pattern known to technical analysis, it is occurring right on a support level at $4. Volume upticked slightly from the previous days and we will be looking for confirmation of a reversal as this stock looks to reclaim a portion of the more than $4 it has lost in share value over the last two months.
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SuperMedia, Inc. (SPMD) Appoints Matthew Stover as Chief Marketing Officer
SuperMedia, Inc., a leading advertising company for local businesses across the U.S., announced today that Matthew Stover, a seasoned professional and pioneer in online, mobile, social media, and print directories, will become the company’s Chief Marketing Officer and an Executive VP. Stover will be responsible for driving SuperMedia’s growth strategy and marketing functions, and for overseeing business development and partnership relationships.
Matthew Stover, a graduate of Yale University, is currently the CEO of Local Matters, Inc., providing online search and advertising products and solutions for leading directory publishers and real estate portals in 16 countries. He was also Chairman and CEO of vpOne Publishing, a closely held company providing print and online yellow pages directories in the U.S. and Canada. Prior to that he served as group president of Bell Atlantic Directory Group, and president and CEO of its predecessor companies, where he oversaw the $2.4 billion domestic white and yellow pages print publishing business. He also created the country’s first national online yellow pages, as well as the successful web@once suite of website creation and hosting products, making BellAtlantic.net a major ISP. He also created Global Directory Services, Inc., providing print and online shopping directory services for China, Greece, Poland, and other countries. Early in his career, Stover was chairman, president, and CEO of AGS Computers, and he has held numerous directorships and posts.
SuperMedia CEO, Peter McDonald, said of the appointment: “Mat was a pioneer in creating the first national online yellow pages, and in integrating online search, advertising and shopping in the 1990’s. Since then, he has been an officer and director of companies providing online commerce, mobile services, search and advertising solutions, and print and online directories. His knowledge of our operations as the former CEO of one of SuperMedia’s predecessor companies, his six years as a director and then chairman of the Yellow Pages Association, his experience overseeing corporate communications advertising and branding for major corporations, and his involvement in negotiating and managing numerous business transactions and partnerships will be great assets for our company.”
Stover added, “I look forward to partnering with Peter, with the Board, with all the members of the SuperMedia team and, most importantly, with current and future SuperMedia customers, to be at the forefront of helping businesses harness local media solutions to add and retain their customers. Local commerce is the heart of the U.S. economy, and I share the focus and passion of the SuperMedia team to help small-to-medium sized businesses grow.”
For more information, visit www.SuperMedia.com
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Matthew Stover, a graduate of Yale University, is currently the CEO of Local Matters, Inc., providing online search and advertising products and solutions for leading directory publishers and real estate portals in 16 countries. He was also Chairman and CEO of vpOne Publishing, a closely held company providing print and online yellow pages directories in the U.S. and Canada. Prior to that he served as group president of Bell Atlantic Directory Group, and president and CEO of its predecessor companies, where he oversaw the $2.4 billion domestic white and yellow pages print publishing business. He also created the country’s first national online yellow pages, as well as the successful web@once suite of website creation and hosting products, making BellAtlantic.net a major ISP. He also created Global Directory Services, Inc., providing print and online shopping directory services for China, Greece, Poland, and other countries. Early in his career, Stover was chairman, president, and CEO of AGS Computers, and he has held numerous directorships and posts.
SuperMedia CEO, Peter McDonald, said of the appointment: “Mat was a pioneer in creating the first national online yellow pages, and in integrating online search, advertising and shopping in the 1990’s. Since then, he has been an officer and director of companies providing online commerce, mobile services, search and advertising solutions, and print and online directories. His knowledge of our operations as the former CEO of one of SuperMedia’s predecessor companies, his six years as a director and then chairman of the Yellow Pages Association, his experience overseeing corporate communications advertising and branding for major corporations, and his involvement in negotiating and managing numerous business transactions and partnerships will be great assets for our company.”
Stover added, “I look forward to partnering with Peter, with the Board, with all the members of the SuperMedia team and, most importantly, with current and future SuperMedia customers, to be at the forefront of helping businesses harness local media solutions to add and retain their customers. Local commerce is the heart of the U.S. economy, and I share the focus and passion of the SuperMedia team to help small-to-medium sized businesses grow.”
For more information, visit www.SuperMedia.com
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Gran Tierra Energy Inc. Reports on 2010 Oil and Gas Operations
Gran Tierra Energy Inc. reported financial and operational results for 2010 including oil and gas production and reserve information. The company is active in exploration and development in South America.
Gran Tierra Energy Inc. reported average production of 14,325 barrels of oil per day in 2010, a 13% increase over 2009 production. The company said that average production for the fourth quarter of 2010 set a record at 15,792 barrels of oil per day. Ninety five percent of the production was from the company’s properties in Colombia, with the balance from Argentina.
Gran Tierra Energy Inc. achieved proved reserves of 23.6 million barrels of oil at 12/31/2010. This also set a record for the company. Proved and probable reserves totaled 31 million barrels of oil and proved, probable and possible reserves came in at 47.3 million barrels of oil.
Gran Tierra Energy Inc. reported revenue of $374.5 million in 2010, up 42% from a year earlier. The company also saw a large increase in profitability for 2010, reporting net income of $37.2 million, or $0.14 per diluted share. In 2009, the company earned net income of $13.9 million, or $0.06 per diluted share.
Gran Tierra Energy Inc. ended 2010 with cash and cash equivalents of $355.4 million, up from $270.8 million at 12/31/2009. The company reported no long or short term debt.
For more information on the company, go to www.grantierra.com
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Gran Tierra Energy Inc. reported average production of 14,325 barrels of oil per day in 2010, a 13% increase over 2009 production. The company said that average production for the fourth quarter of 2010 set a record at 15,792 barrels of oil per day. Ninety five percent of the production was from the company’s properties in Colombia, with the balance from Argentina.
Gran Tierra Energy Inc. achieved proved reserves of 23.6 million barrels of oil at 12/31/2010. This also set a record for the company. Proved and probable reserves totaled 31 million barrels of oil and proved, probable and possible reserves came in at 47.3 million barrels of oil.
Gran Tierra Energy Inc. reported revenue of $374.5 million in 2010, up 42% from a year earlier. The company also saw a large increase in profitability for 2010, reporting net income of $37.2 million, or $0.14 per diluted share. In 2009, the company earned net income of $13.9 million, or $0.06 per diluted share.
Gran Tierra Energy Inc. ended 2010 with cash and cash equivalents of $355.4 million, up from $270.8 million at 12/31/2009. The company reported no long or short term debt.
For more information on the company, go to www.grantierra.com
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Cytori Therapeutics Inc. (CYTX) Granted a Japanese Patent for Its Celution System Technology
Cytori Therapeutics Inc. is a leader in providing patients and physicians around the world with medical technologies that harness the potential of adult regenerative cells from adipose tissue. The company’s Celution System family of medical devices and instruments is being sold into the European and Asian cosmetic and reconstructive surgery markets, but is not yet available in the US.
The company announced today that it has been issued Patent No. 4653952 from the Japan Patent Office covering devices for extracting and concentrating the stem and regenerative cells which naturally exist within adipose tissue. Specifically, the patent covers the underlying technology for Cytori’s Celution System family of devices, including the Celution 800 series and the next-generation Celution One series of devices, as well as the StemSource laboratory equipment.
This patent is the company’s first to be issued in Japan and will serve as Cytori’s foundational patent. Cytori already has ongoing strategic and commercial interests as it formed a joint venture with Olympus Corporation in 2005. Importantly for Cytori, the patent creates a significant barrier to entry for competitors through at least 2022 in the world’s second largest medical market.
Cytori now has 30 issued patents worldwide. These include 11 issued patents in the United States as well as issued patents in China, Singapore and South Korea. In addition, the company has more than 100 pending patent applications worldwide. For further information about Cytori Therapeutics, please visit the company’s website at www.cytori.com
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The company announced today that it has been issued Patent No. 4653952 from the Japan Patent Office covering devices for extracting and concentrating the stem and regenerative cells which naturally exist within adipose tissue. Specifically, the patent covers the underlying technology for Cytori’s Celution System family of devices, including the Celution 800 series and the next-generation Celution One series of devices, as well as the StemSource laboratory equipment.
This patent is the company’s first to be issued in Japan and will serve as Cytori’s foundational patent. Cytori already has ongoing strategic and commercial interests as it formed a joint venture with Olympus Corporation in 2005. Importantly for Cytori, the patent creates a significant barrier to entry for competitors through at least 2022 in the world’s second largest medical market.
Cytori now has 30 issued patents worldwide. These include 11 issued patents in the United States as well as issued patents in China, Singapore and South Korea. In addition, the company has more than 100 pending patent applications worldwide. For further information about Cytori Therapeutics, please visit the company’s website at www.cytori.com
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Primoris Services Corp. (PRIM) Selects Industrial Technology Veteran Dr. Roberto Ruiz for President/COO of OnQuest Subsidiary
Primoris, www.prim.com – the 65-year veteran specialty contractor and infrastructure development company, announced the appointment of Dr. Roberto Ruiz to head up wholly-owned PRIM subsidiary OnQuest, Inc., as President and COO.
Dr. Ruiz, widely hailed as a leader in the field of industrial technology, with 25 years experience in a variety of key positions, joined OnQuest late last year in November, and succeeds founder David J. Baker, who nurtured the company to fruition since its inception in 2002 and is now at PRIM as a senior advisor to the OnQuest management team, as of Jan. 1, this year.
OnQuest has rapidly grown to become a top provider of custom design and engineering for combustion technology-based operations like process plants, petrochemical refineries and direct-fired furnaces, as well as clean-air, NOx technologies and burner management systems, also offering turn-key project management for construction.
OnQuest currently has three more offices, in addition to the HQ in San Dimas, CA, including the Born Canada operating subsidiary in Calgary, Alberta, and sales/project management offices stateside in Houston and Pittsburg.
Dr. Ruiz brings a long and unparalleled track record to OnQuest:
• Former VP at John Zink Company as of 1997, where he initially led technology and commercial development, later acting as business head for the process burner group
• Various direct works in everything from process design and environmental controls to fuels, gas separation, fluid mechanics, heat separation and advanced diagnostics
• Managerial roles covering the gamut from aforementioned commercial development to strategic planning for the oil and gas industry and more complex international operations as well
• Prior to 1997, Dr. Ruiz worked closely with the Gas Research Institute, as well as Air Liquide, handling commercial management of the gas separation businesses
• M.S. and Ph.D. in mechanical engineering, University of Minnesota
• B.S. in engineering, University of California, Los Angeles
• MBA, University of Chicago, Booth School of Business
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Dr. Ruiz, widely hailed as a leader in the field of industrial technology, with 25 years experience in a variety of key positions, joined OnQuest late last year in November, and succeeds founder David J. Baker, who nurtured the company to fruition since its inception in 2002 and is now at PRIM as a senior advisor to the OnQuest management team, as of Jan. 1, this year.
OnQuest has rapidly grown to become a top provider of custom design and engineering for combustion technology-based operations like process plants, petrochemical refineries and direct-fired furnaces, as well as clean-air, NOx technologies and burner management systems, also offering turn-key project management for construction.
OnQuest currently has three more offices, in addition to the HQ in San Dimas, CA, including the Born Canada operating subsidiary in Calgary, Alberta, and sales/project management offices stateside in Houston and Pittsburg.
Dr. Ruiz brings a long and unparalleled track record to OnQuest:
• Former VP at John Zink Company as of 1997, where he initially led technology and commercial development, later acting as business head for the process burner group
• Various direct works in everything from process design and environmental controls to fuels, gas separation, fluid mechanics, heat separation and advanced diagnostics
• Managerial roles covering the gamut from aforementioned commercial development to strategic planning for the oil and gas industry and more complex international operations as well
• Prior to 1997, Dr. Ruiz worked closely with the Gas Research Institute, as well as Air Liquide, handling commercial management of the gas separation businesses
• M.S. and Ph.D. in mechanical engineering, University of Minnesota
• B.S. in engineering, University of California, Los Angeles
• MBA, University of Chicago, Booth School of Business
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Thursday, February 24, 2011
Chart Industries, Inc. (GTLS) Reports Strong Growth and Improved Backlog
Chart Industries, Inc., a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, today announced its financial results for the fourth quarter and year ended December 31, 2010.
Net sales for the fourth quarter of 2010 were $158.8 million, up 22% from $130.3 million in the comparable period a year ago. Gross profit for the fourth quarter of 2010 was $50.6 million, or 32% of sales, versus $43.9 million, or 34% of sales, in the comparable quarter of 2009.
Net income for the fourth quarter of 2010 totaled $9.8 million, or $0.33 per diluted share, compared to $15.5 million, or $0.53 per diluted share, for the fourth quarter of 2009. According to the press release, the fourth quarter of 2009 included several items that favorably impacted pre-tax income by $4.0 million, or $0.15 per diluted share, including a bargain purchase gain from the Covidien acquisition partially offset by restructuring and acquisition-related costs.
“2010 was a transitional year for Chart, with our financial performance improving each quarter as we expected, due to improving global markets across all our business segments,” commented Sam Thomas, Chart’s Chairman, President and Chief Executive Officer. “Fourth quarter orders were the strongest quarterly intake since the second quarter of 2008. In addition, fourth quarter orders improved 24% over a strong third quarter order level, and we finished the year with our best quarterly profit performance for 2010.”
Mr. Thomas continued, “The recently announced Nitrogen Rejection Unit (“NRU”) order in excess of $90 million signals the return of large project work in our Energy & Chemicals (“E&C”) business and is a strong validation of the significant quote activity we have seen over the last year. We remain optimistic about additional large project opportunities in the E&C business. In our BioMedical segment, the SeQual acquisition, completed in late December 2010, expands our respiratory product offering with a portable oxygen concentrator. This product is experiencing the highest growth rate among our respiratory products and takes advantage of Chart’s existing distribution network to drive incremental sales. We will continue to focus on acquisitions with above average growth potential going forward.”
Backlog at the end of 2010 was $236.4 million, 28% higher than the previous year. Orders for the fourth quarter of 2010 were $182.2 million compared with third quarter 2010 orders of $146.8 million, a improvement.
“The order improvement was led by our E&C business, where natural gas processing and natural gas liquids recovery projects continue to provide order opportunities, particularly in North America,” said Mr. Thomas. “In addition, December monthly order intake in our Distribution & Storage (“D&S”) operations was the strongest in two and a half years, led by mobile equipment and engineered system products. With customer-owned inventory at Chart sites down to very low levels, we have started to see an increase in bulk and transportable equipment orders, which also contributed to the improvement during the quarter.”
Cash and short-term investments totaled $165.1 million and net debt was $60 million as of December 31, 2010. Major uses of cash during the quarter included $39 million for the acquisition of SeQual, which closed late last year, and $5 million for capital expenditures, the majority of which was used for the new BioMedical facility in Canton, Georgia.
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Net sales for the fourth quarter of 2010 were $158.8 million, up 22% from $130.3 million in the comparable period a year ago. Gross profit for the fourth quarter of 2010 was $50.6 million, or 32% of sales, versus $43.9 million, or 34% of sales, in the comparable quarter of 2009.
Net income for the fourth quarter of 2010 totaled $9.8 million, or $0.33 per diluted share, compared to $15.5 million, or $0.53 per diluted share, for the fourth quarter of 2009. According to the press release, the fourth quarter of 2009 included several items that favorably impacted pre-tax income by $4.0 million, or $0.15 per diluted share, including a bargain purchase gain from the Covidien acquisition partially offset by restructuring and acquisition-related costs.
“2010 was a transitional year for Chart, with our financial performance improving each quarter as we expected, due to improving global markets across all our business segments,” commented Sam Thomas, Chart’s Chairman, President and Chief Executive Officer. “Fourth quarter orders were the strongest quarterly intake since the second quarter of 2008. In addition, fourth quarter orders improved 24% over a strong third quarter order level, and we finished the year with our best quarterly profit performance for 2010.”
Mr. Thomas continued, “The recently announced Nitrogen Rejection Unit (“NRU”) order in excess of $90 million signals the return of large project work in our Energy & Chemicals (“E&C”) business and is a strong validation of the significant quote activity we have seen over the last year. We remain optimistic about additional large project opportunities in the E&C business. In our BioMedical segment, the SeQual acquisition, completed in late December 2010, expands our respiratory product offering with a portable oxygen concentrator. This product is experiencing the highest growth rate among our respiratory products and takes advantage of Chart’s existing distribution network to drive incremental sales. We will continue to focus on acquisitions with above average growth potential going forward.”
Backlog at the end of 2010 was $236.4 million, 28% higher than the previous year. Orders for the fourth quarter of 2010 were $182.2 million compared with third quarter 2010 orders of $146.8 million, a improvement.
“The order improvement was led by our E&C business, where natural gas processing and natural gas liquids recovery projects continue to provide order opportunities, particularly in North America,” said Mr. Thomas. “In addition, December monthly order intake in our Distribution & Storage (“D&S”) operations was the strongest in two and a half years, led by mobile equipment and engineered system products. With customer-owned inventory at Chart sites down to very low levels, we have started to see an increase in bulk and transportable equipment orders, which also contributed to the improvement during the quarter.”
Cash and short-term investments totaled $165.1 million and net debt was $60 million as of December 31, 2010. Major uses of cash during the quarter included $39 million for the acquisition of SeQual, which closed late last year, and $5 million for capital expenditures, the majority of which was used for the new BioMedical facility in Canton, Georgia.
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NIVS IntelliMedia Technology Group (NIV) is “One to Watch”
NIVS IntelliMedia Technology Group (NIV) is an integrated consumer electronics company focused on designing, manufacturing, marketing and selling intelligent audio and video products and mobile phones in China, Greater Asia, Europe, and North America. The NIVS brand has received “Most Popular Brand” distinction in China’s acoustic industry for three years in a row, among numerous other awards.
The company has a 2.7 million square foot factory, which includes a large-scale, 1.1 million square-foot production area, and more than 1,400 full-time employees. Its modernized production lines include automated processing equipment and procedures that can be easily modified to accommodate new customer requests, designs and specifications.
To enhance product quality, reduce cost, and keep pace with technological advances and evolving market trends, NIVS has established an advanced research and development center to conduct substantially all of its research and development with an in-house staff. The company has approximately six senior technology researchers, with many holding doctorate degrees, and 15 core researchers.
In recent news, NIVS announced that it has been awarded its first purchase order from China Mobile Limited, the largest mobile phone carrier in China. According to Morningstar, China Mobile controls the vast majority of China’s domestic mobile services market, with 70% market share. With a subscriber base of over 500 million customers, China Mobile is believed to represent sizable potential business opportunities for NIVS.
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The company has a 2.7 million square foot factory, which includes a large-scale, 1.1 million square-foot production area, and more than 1,400 full-time employees. Its modernized production lines include automated processing equipment and procedures that can be easily modified to accommodate new customer requests, designs and specifications.
To enhance product quality, reduce cost, and keep pace with technological advances and evolving market trends, NIVS has established an advanced research and development center to conduct substantially all of its research and development with an in-house staff. The company has approximately six senior technology researchers, with many holding doctorate degrees, and 15 core researchers.
In recent news, NIVS announced that it has been awarded its first purchase order from China Mobile Limited, the largest mobile phone carrier in China. According to Morningstar, China Mobile controls the vast majority of China’s domestic mobile services market, with 70% market share. With a subscriber base of over 500 million customers, China Mobile is believed to represent sizable potential business opportunities for NIVS.
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Royale Energy, Inc. (ROYL) Gets Go Ahead for Goddard #2
Royale Energy, Inc., a leading independent producer of oil and natural gas, announced yesterday that it has put into production its Goddard #2 natural gas well in northern California after receiving approval to commence production from the Colusa County Board of Supervisors. The well is now turning out approximately 10,000 MCF (thousand cubic feet) per day.
Already in production since the 3rd quarter of 2010, the Goddard #1 well produces 5,000 MCF per day, while the newly drilled Goddard #3 well is expected to be up and producing within a few days. Together, the three wells will bring total production for Royale Energy to the highest levels in over a decade.
Also in northern California, the recently drilled Magnum well, and Hubbard well currently being drilled, will soon have access to a pipeline, construction of which begins this month.
Company earnings for 2010 should be released in early March, and Royale Co-President and Co-CEO, Stephen Hosmer, commented on the effect. “Our forthcoming announcement of profit in 2010 does not reflect production levels achieved with today’s announcement. We look forward to our future results as the new gas sales are reflected in the 2011 bottom-line.”
Royale Energy, based in San Diego, is an independent energy company, focused on the development, acquisition, exploration, and production of natural gas and oil in California, Texas, and the Rocky Mountains. The company has been recognized as one of the top 20 fastest growing natural gas and oil producers in the United States by Oil & Gas Journal, and has also been named Oil & Gas World’s “Play of the Month” on five occasions.
The company diversifies the development of its properties by selling a portion of the working interest in each lease that it acquires to third party investors, retaining a portion for its own account. Prospects are then bundled into multi-well investments. This strategy of shared ownership in multiple wells provides investment opportunities that minimize risk while seeking superior returns for shareholders and direct working interest investors.
For additional information, visit the company’s website at www.royl.com
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Already in production since the 3rd quarter of 2010, the Goddard #1 well produces 5,000 MCF per day, while the newly drilled Goddard #3 well is expected to be up and producing within a few days. Together, the three wells will bring total production for Royale Energy to the highest levels in over a decade.
Also in northern California, the recently drilled Magnum well, and Hubbard well currently being drilled, will soon have access to a pipeline, construction of which begins this month.
Company earnings for 2010 should be released in early March, and Royale Co-President and Co-CEO, Stephen Hosmer, commented on the effect. “Our forthcoming announcement of profit in 2010 does not reflect production levels achieved with today’s announcement. We look forward to our future results as the new gas sales are reflected in the 2011 bottom-line.”
Royale Energy, based in San Diego, is an independent energy company, focused on the development, acquisition, exploration, and production of natural gas and oil in California, Texas, and the Rocky Mountains. The company has been recognized as one of the top 20 fastest growing natural gas and oil producers in the United States by Oil & Gas Journal, and has also been named Oil & Gas World’s “Play of the Month” on five occasions.
The company diversifies the development of its properties by selling a portion of the working interest in each lease that it acquires to third party investors, retaining a portion for its own account. Prospects are then bundled into multi-well investments. This strategy of shared ownership in multiple wells provides investment opportunities that minimize risk while seeking superior returns for shareholders and direct working interest investors.
For additional information, visit the company’s website at www.royl.com
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VyStar Corp. (VYST.OB) Begins Sales of Its Patented, Natural Rubber Latex to Largest US Balloon Manufacturer
VyStar Corp. is the exclusive creator of Vytex Natural Rubber Latex (NRL). This product is a multi-patented, all-natural raw material that contains significantly reduced levels of antigenic proteins found in natural rubber latex and can be used in over 40,000 products. It is a 100% renewable resource, environmentally safe, and fully biodegradable.
The company announced today that Pioneer Balloon Company, the largest manufacturer of latex balloons in the United States, has begun production using Vytex Natural Rubber Latex in its premium line of Qualatex brand balloons. This brand is known the world over for its exceptional quality, color range and support to the décor, entertainment and retail markets.
After extensive testing trials, Pioneer concluded that balloons made with Vytex’s NRL possessed significant color superiority over those made with traditional natural rubber latex. As a result, Pioneer has been able to enhance its current balloon offerings to its extensive client portfolio. Pioneer will work to increase their global market share in balloons with Vytex NRL and will be the exclusive toy balloon manufacturer using Vytex NRL.
As Pioneer expands it global reach, VyStar expects greater attention to be paid to the advantages of Vytex NRL. The company began shipping orders to Pioneer this quarter and plans to ramp up production as Pioneer rolls out products made with Vytex to their worldwide distribution chain.
For more information on Vystar Corporation, please visit the company’s website www.vytex.com
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The company announced today that Pioneer Balloon Company, the largest manufacturer of latex balloons in the United States, has begun production using Vytex Natural Rubber Latex in its premium line of Qualatex brand balloons. This brand is known the world over for its exceptional quality, color range and support to the décor, entertainment and retail markets.
After extensive testing trials, Pioneer concluded that balloons made with Vytex’s NRL possessed significant color superiority over those made with traditional natural rubber latex. As a result, Pioneer has been able to enhance its current balloon offerings to its extensive client portfolio. Pioneer will work to increase their global market share in balloons with Vytex NRL and will be the exclusive toy balloon manufacturer using Vytex NRL.
As Pioneer expands it global reach, VyStar expects greater attention to be paid to the advantages of Vytex NRL. The company began shipping orders to Pioneer this quarter and plans to ramp up production as Pioneer rolls out products made with Vytex to their worldwide distribution chain.
For more information on Vystar Corporation, please visit the company’s website www.vytex.com
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Vicor Technologies, Inc. (VCRT.OB) Continues Expansion; Signs Distribution Agreement in Middle East
Some companies just flutter around trying to strategize how to get operations rolling while others seem to have it all under control by continuously moving forward with operations, revenues and expansion. Vicor Technologies certainly qualifies as the latter of those two types. No catalyst is needed to keep the Company driving forward with their proprietary PD2i® technology. The groundwork was laid in the prior years and since expanding its sales force in the third quarter of 2010, Vicor has not been shy of announcements showcasing the growth of revenues and distribution.
Yesterday, Vicor announced another significant move to broaden their footprint globally by signing a distribution agreement with Hadar Training and Medical Services to serve as its exclusive agent for PD2i Analyzer™, PD2i CA™(Cardiac Analyzer) and PD2i VS™ (Vital Sign) in Israel and Palestine. Operating since 1987, Hadar is an industry leader in providing first aid, resuscitation, EMT and Advanced Trauma Life Support (ATLS) as well as trauma training and medical programs. Hadar is also a leader in the importation and marketing of emergency medical equipment to community and field hospitals, and in the conversion and supply of mobile intensive care units and ambulances.
This new agreement is a perfect fit for Vicor and its revolutionary technology that has been dubbed “the new vital sign” given its propensity to accurately diagnose trauma patients and risk stratify specific target populations for future pathological events, including diabetics for the presence of diabetic autonomic neuropathy (DAN), cardiovascular disease patients for death resulting from arrhythmia or congestive heart failure, diabetics for the presence of diabetic autonomic neuropathy (DAN), and trauma victims for imminent death absent immediate lifesaving intervention.
Vicor CEO David Fater commented, “We’re extremely pleased to have HADAR representing our PD2i® products. Hadar is a leader in the importation and marketing of emergency medical equipment to the Israeli community and field hospitals. Hadar will obtain approval from the Israel Ministry of Health and any other required regulatory authorities for the marketing of our products at its expense. We are confident that Hadar will be successful in securing the necessary regulatory approvals for our products as quickly as possible and are excited by the prospect of having our PD2i® products made available throughout the Israeli emergency medical community.”
As mentioned, Vicor is motivated and expanding rapidly and doing it while keeping its share structure firmly intact. With only approximately 46 million shares outstanding and less than 37 million in the float, investors may soon be taking notice of the Company as the PD2i®-based products continue to be used worldwide; which could lead to future press releases along the lines of the one announced two weeks ago detailing revenues from January 2011 topping totals from the whole fourth quarter of 2010.
More information on Vicor Technologies and its PD2i® technologies can be found on the Company’s website at www.vicortech.com. Investors can learn more about Hadar Training and Medical Services at www.hadar-medical.co.il
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Yesterday, Vicor announced another significant move to broaden their footprint globally by signing a distribution agreement with Hadar Training and Medical Services to serve as its exclusive agent for PD2i Analyzer™, PD2i CA™(Cardiac Analyzer) and PD2i VS™ (Vital Sign) in Israel and Palestine. Operating since 1987, Hadar is an industry leader in providing first aid, resuscitation, EMT and Advanced Trauma Life Support (ATLS) as well as trauma training and medical programs. Hadar is also a leader in the importation and marketing of emergency medical equipment to community and field hospitals, and in the conversion and supply of mobile intensive care units and ambulances.
This new agreement is a perfect fit for Vicor and its revolutionary technology that has been dubbed “the new vital sign” given its propensity to accurately diagnose trauma patients and risk stratify specific target populations for future pathological events, including diabetics for the presence of diabetic autonomic neuropathy (DAN), cardiovascular disease patients for death resulting from arrhythmia or congestive heart failure, diabetics for the presence of diabetic autonomic neuropathy (DAN), and trauma victims for imminent death absent immediate lifesaving intervention.
Vicor CEO David Fater commented, “We’re extremely pleased to have HADAR representing our PD2i® products. Hadar is a leader in the importation and marketing of emergency medical equipment to the Israeli community and field hospitals. Hadar will obtain approval from the Israel Ministry of Health and any other required regulatory authorities for the marketing of our products at its expense. We are confident that Hadar will be successful in securing the necessary regulatory approvals for our products as quickly as possible and are excited by the prospect of having our PD2i® products made available throughout the Israeli emergency medical community.”
As mentioned, Vicor is motivated and expanding rapidly and doing it while keeping its share structure firmly intact. With only approximately 46 million shares outstanding and less than 37 million in the float, investors may soon be taking notice of the Company as the PD2i®-based products continue to be used worldwide; which could lead to future press releases along the lines of the one announced two weeks ago detailing revenues from January 2011 topping totals from the whole fourth quarter of 2010.
More information on Vicor Technologies and its PD2i® technologies can be found on the Company’s website at www.vicortech.com. Investors can learn more about Hadar Training and Medical Services at www.hadar-medical.co.il
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Echo Therapeutics, Inc. (ECTE.OB) is “One to Watch”
Echo Therapeutics is developing the Symphony tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system for patients with diabetes and for use in hospital critical care units. Echo is also developing its needle-free Prelude SkinPrep System as a platform technology for enhanced skin permeation for delivery of topical pharmaceuticals.
All existing FDA-approved continuous glucose monitoring systems are needle-based, requiring insertion of a glucose sensor into the patient’s skin. Not only does this cause discomfort, but it also gives rise to risks of infection, inflammation or bleeding at the insertion site. Echo Therapeutics’ Symphony tCGM does not require insertion of its glucose sensor, eliminating the risks and discomfort associated with needle-based CGM systems.
The Prelude SkinPrep System incorporates Echo Therapeutics’ patented skin permeation control technology into a comfortable, hand-held device that increases the permeability of the skin allowing for analyte extraction and drug delivery. The key feature of the company’s skin permeation technology is its feedback control algorithm used to achieve optimal and pain-free skin preparation for transdermal sensing technologies.
In recent news, Echo Therapeutics announced that development of the commercially ready Symphony tCGM System is ahead of schedule. It is now anticipated that the system will be ready for demonstration in the second quarter and that it will be used in a clinical trial shortly thereafter. According to the press release, the market for needle-free, continuous wireless glucose monitoring in the hospital critical care setting alone exceeds $1 billion annually.
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All existing FDA-approved continuous glucose monitoring systems are needle-based, requiring insertion of a glucose sensor into the patient’s skin. Not only does this cause discomfort, but it also gives rise to risks of infection, inflammation or bleeding at the insertion site. Echo Therapeutics’ Symphony tCGM does not require insertion of its glucose sensor, eliminating the risks and discomfort associated with needle-based CGM systems.
The Prelude SkinPrep System incorporates Echo Therapeutics’ patented skin permeation control technology into a comfortable, hand-held device that increases the permeability of the skin allowing for analyte extraction and drug delivery. The key feature of the company’s skin permeation technology is its feedback control algorithm used to achieve optimal and pain-free skin preparation for transdermal sensing technologies.
In recent news, Echo Therapeutics announced that development of the commercially ready Symphony tCGM System is ahead of schedule. It is now anticipated that the system will be ready for demonstration in the second quarter and that it will be used in a clinical trial shortly thereafter. According to the press release, the market for needle-free, continuous wireless glucose monitoring in the hospital critical care setting alone exceeds $1 billion annually.
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QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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Energtek, Inc. (EGTK.PK) Solves the Natural Gas Storage Problem
Natural gas (NG) has long been considered as a promising alternative to less clean burning fossil fuels, both in the industrialized and developing countries. Consisting primarily of methane, together with ethane and other hydrocarbons, natural gas is the cleanest burning of all fossil fuels, and abundant resources means it doesn’t have to be imported. It can be used in power plants to generate electricity or for home heating, and vehicles can be easily modified to run on natural gas. The only potential problem is efficient storage. Being a gas, NG can take up significant volume when being stored. This poses challenges for use in automobiles, or for transporting in areas where pipelines are unavailable. Increasing storage pressure can reduce volume, but this requires more expensive containment and handling systems.
Energtek, a U.S. company based in New York, believes it has the best answer. The company is a world leader in the development and commercialization of what is called Adsorbed Natural Gas (ANG), the use of microporous materials to increase the efficiency of natural gas storage. Using materials with the correct physical properties allows methane and other NG related molecules to adhere tightly to the materials, resulting in denser storage. ANG effectively reduces the volume and/or pressure required to store a given amount of natural gas.
With ANG, you can store a larger volume of NG in the same container, or you can reduce the pressure required to store the same amount of NG. ANG technology can be adjusted to fit the need. For use with vehicles, required pressures can be reduced, making it easier for people to handle. For storage and delivery, more gas can be captured in a given container at the same pressure. However ANG technology is applied, the result is more efficiency and reduced costs.
Energtek provides proprietary solutions to meet the technical and economical challenges of NG delivery to vehicles worldwide, with a major focus on the 2-3 wheel vehicle market in Asia. In addition, Energtek supplies NG to industrial and commercial consumers, using pipeless NG supply bulk transportation solutions.
For more information, visit the company’s website at www.Energtek.com
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Energtek, a U.S. company based in New York, believes it has the best answer. The company is a world leader in the development and commercialization of what is called Adsorbed Natural Gas (ANG), the use of microporous materials to increase the efficiency of natural gas storage. Using materials with the correct physical properties allows methane and other NG related molecules to adhere tightly to the materials, resulting in denser storage. ANG effectively reduces the volume and/or pressure required to store a given amount of natural gas.
With ANG, you can store a larger volume of NG in the same container, or you can reduce the pressure required to store the same amount of NG. ANG technology can be adjusted to fit the need. For use with vehicles, required pressures can be reduced, making it easier for people to handle. For storage and delivery, more gas can be captured in a given container at the same pressure. However ANG technology is applied, the result is more efficiency and reduced costs.
Energtek provides proprietary solutions to meet the technical and economical challenges of NG delivery to vehicles worldwide, with a major focus on the 2-3 wheel vehicle market in Asia. In addition, Energtek supplies NG to industrial and commercial consumers, using pipeless NG supply bulk transportation solutions.
For more information, visit the company’s website at www.Energtek.com
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LECG Corp. (XPRT) Video Chart for Thursday, February 24, 2011
LECG is on radar today because of the long-legged doji that was formed during yesterday’s trading. This doji is a sign of indecision and a battle between the bulls and bears, so today technical traders will be watching for a possible trend shift.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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American Energy Fields, Inc. (AEFI) Finalizes MOU with American Nuclear Resources LLC For Colorado Plateau Mining Properties
American Energy Fields, Inc., a specialty acquisition and exploration company of uranium in the United States, announced that it has finalized a memorandum of understanding, or MOU, in order to acquire a significant portfolio of properties on the Colorado Plains of Southern Utah and Southwestern Colorado from American Nuclear Resources LLC.
The portfolio will include past producing properties located in the Uravan Mineral Belt, which lies within 50 miles of Dennison Mines Corp’s operating White Mesa mill and within 16 miles of Energy Fuels Inc.’s proposed and newly permitted Pinon Ridge Mill. The Uravan Belt has produced over 100 million pounds of U308 to date. Yellowcake Mining has also conducted a drilling program on the Uravan Properties in the year 2008, in addition to its past production. The portfolio also includes properties such as Marysvale District, the Henry Mountains Districts, Cottonwood Wash area, and White Canyon areas.
The total portfolio consists of over 8,000+ acres of unpatented lode mining claims on Bureau of Land Management land and over 1,500 acres in the Utah Minerals Lease. Most of the properties have produced uranium in the past, allowing the infrastructure to be in place to commence near-term production, all based upon the company fulfilling its permitting requirements.
Joshua Bleak, Company President and CEO, said, “We are excited to acquire this portfolio of past-producing uranium properties. The entire Colorado Plateau region has a significant history of uranium production. As past producers, we hope to bring these properties into near-term production, capitalizing on the vicinity to operating and proposed uranium mills.”
The company also recently announced that it located 35 lode-mining claims in the Aquarius Mountains Mining District in Mohave County, Arizona, an area rich in uranium and rare earth metals. The property lies within the Date Creek Basin, a region that reportedly contains an estimate of 1.2 billion tons of U3O8. The company plans to conduct an initial phase of exploration within the next thirty days, which includes geologic mapping, grid radon survey, and surface sampling.
Company President and CEO Joshua Bleak stated, “This uranium and rare earth deposit is a significant acquisition in building a significant uranium property portfolio, especially considering its proximity to our Artillery Peak project. Additionally, the rare earth metals in the deposit have the potential to add significant value to this property. We look forward to implement our exploration program to identify and define a uranium and rare earth resource on this property.”
For more information on American Energy Fields, Inc. and its projects, visit their company website at www.americanenergyfields.com
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The portfolio will include past producing properties located in the Uravan Mineral Belt, which lies within 50 miles of Dennison Mines Corp’s operating White Mesa mill and within 16 miles of Energy Fuels Inc.’s proposed and newly permitted Pinon Ridge Mill. The Uravan Belt has produced over 100 million pounds of U308 to date. Yellowcake Mining has also conducted a drilling program on the Uravan Properties in the year 2008, in addition to its past production. The portfolio also includes properties such as Marysvale District, the Henry Mountains Districts, Cottonwood Wash area, and White Canyon areas.
The total portfolio consists of over 8,000+ acres of unpatented lode mining claims on Bureau of Land Management land and over 1,500 acres in the Utah Minerals Lease. Most of the properties have produced uranium in the past, allowing the infrastructure to be in place to commence near-term production, all based upon the company fulfilling its permitting requirements.
Joshua Bleak, Company President and CEO, said, “We are excited to acquire this portfolio of past-producing uranium properties. The entire Colorado Plateau region has a significant history of uranium production. As past producers, we hope to bring these properties into near-term production, capitalizing on the vicinity to operating and proposed uranium mills.”
The company also recently announced that it located 35 lode-mining claims in the Aquarius Mountains Mining District in Mohave County, Arizona, an area rich in uranium and rare earth metals. The property lies within the Date Creek Basin, a region that reportedly contains an estimate of 1.2 billion tons of U3O8. The company plans to conduct an initial phase of exploration within the next thirty days, which includes geologic mapping, grid radon survey, and surface sampling.
Company President and CEO Joshua Bleak stated, “This uranium and rare earth deposit is a significant acquisition in building a significant uranium property portfolio, especially considering its proximity to our Artillery Peak project. Additionally, the rare earth metals in the deposit have the potential to add significant value to this property. We look forward to implement our exploration program to identify and define a uranium and rare earth resource on this property.”
For more information on American Energy Fields, Inc. and its projects, visit their company website at www.americanenergyfields.com
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ECOtality Inc. (ECTY) Launches Multi-Million Dollar Electric Vehicle Charging Stations Project in Oregon
Yesterday, leading clean electric technologies provider ECOtality, Inc. began the installation of its Blink™ Level 2 Residential Charging Stations in Oregon, a product designed to support electric vehicles (EV). As project manager of The EV Project, the company will install Blink residential chargers to support the launch of more than 8,300 EVs throughout the United States.
ECOtality will oversee the installation of commercial and residential charging stations in 18 cities and major metropolitan areas throughout six states and the District of Columbia. The project is funded by the U.S. Department of Energy through a federal stimulus grant of $114.8 million, made possible by the American Recovery and Reinvestment Act. The grants are matched by private investment, bringing the total value of the project to approximately $230 million. The project’s goal is to provide an infrastructure to support the deployment of 8,300 EVs.
Today’s event in Portland marks the first step in creating a rich charging infrastructure and the culmination of nearly two years of EV Project planning. Following the first Blink installations in San Diego and Los Angeles, it lays the groundwork for future Blink commercial charging stations, including the Blink Level 2 Pedestal Charger and Blink DC Fast Charger.
In September 2010, ECOtality revealed potential locations for more than 1,100 publicly available chargers in Portland, Salem, Corvallis and Eugene and also announced plans to place stations in Medford and Ashland, thus creating a framework of electric vehicle charging stations throughout the length of the state.
“The infrastructure that supports the expansion of electric vehicle use in Oregon continues to develop,” said Oregon State Representative Tobias Read and co-chair of the House Transportation and Economic Development Committee. “I will continue to advocate for policies that promote electric vehicles and help seize opportunities they present in Oregon. After all, electric cars may be quiet on the road but they will make a lot of noise in Oregon’s economic future.”
As part of the largest rollout of EV infrastructure in history, ECOtality will monitor the energy usage and output of charging stations to determine a viable method for mass adoption of electric vehicles and empower the smart grid. Portland General Electric, a participant in The EV Project, is helping lead regional efforts in electric transportation.
Jonathan Read, CEO of ECOtality, remarked, “The first installations of Blink home charging stations mark the start of a new age for EVs, and we are excited to continue to drive consumer EV adoption not only in Oregon but across the country. Today we move from planning to implementation, and we thank our project partners in Oregon for their efforts in bringing charging stations to the places where Oregonians live, work, eat and play. This Blink charging station is the first of many, and we look forward to installing our smart Blink EV charging solutions as more EVs hit the road.”
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ECOtality will oversee the installation of commercial and residential charging stations in 18 cities and major metropolitan areas throughout six states and the District of Columbia. The project is funded by the U.S. Department of Energy through a federal stimulus grant of $114.8 million, made possible by the American Recovery and Reinvestment Act. The grants are matched by private investment, bringing the total value of the project to approximately $230 million. The project’s goal is to provide an infrastructure to support the deployment of 8,300 EVs.
Today’s event in Portland marks the first step in creating a rich charging infrastructure and the culmination of nearly two years of EV Project planning. Following the first Blink installations in San Diego and Los Angeles, it lays the groundwork for future Blink commercial charging stations, including the Blink Level 2 Pedestal Charger and Blink DC Fast Charger.
In September 2010, ECOtality revealed potential locations for more than 1,100 publicly available chargers in Portland, Salem, Corvallis and Eugene and also announced plans to place stations in Medford and Ashland, thus creating a framework of electric vehicle charging stations throughout the length of the state.
“The infrastructure that supports the expansion of electric vehicle use in Oregon continues to develop,” said Oregon State Representative Tobias Read and co-chair of the House Transportation and Economic Development Committee. “I will continue to advocate for policies that promote electric vehicles and help seize opportunities they present in Oregon. After all, electric cars may be quiet on the road but they will make a lot of noise in Oregon’s economic future.”
As part of the largest rollout of EV infrastructure in history, ECOtality will monitor the energy usage and output of charging stations to determine a viable method for mass adoption of electric vehicles and empower the smart grid. Portland General Electric, a participant in The EV Project, is helping lead regional efforts in electric transportation.
Jonathan Read, CEO of ECOtality, remarked, “The first installations of Blink home charging stations mark the start of a new age for EVs, and we are excited to continue to drive consumer EV adoption not only in Oregon but across the country. Today we move from planning to implementation, and we thank our project partners in Oregon for their efforts in bringing charging stations to the places where Oregonians live, work, eat and play. This Blink charging station is the first of many, and we look forward to installing our smart Blink EV charging solutions as more EVs hit the road.”
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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Solar3D, Inc. (SLTD.OB) to Produce 3-D Solar Cell Using Low Cost Semiconductor Processes
Yesterday, Solar3D, Inc. announced that their 3-D Solar Cell design would take advantage of low cost semiconductor processes to enable mass production.
The Company’s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they convert into electrons. Light management techniques used in fiber optic devices inspired this technology. Solar3D, Inc.’s management believes that this breakthrough solar cell design will dramatically change solar energy economics.
Mr. Jim Nelson, Chief Executive Officer of Solar3D, Inc., commented, “In the solar industry, it is not enough to have high efficiency, you must also be low cost. We started our company with the mantra of ‘Breakthrough Product, Common Manufacturing,’ and I am pleased to report that we are right on track.”
Mr. Nelson continued, “The key to the successful low cost fabrication of our 3D solar cell is that we can use existing semiconductor manufacturing facilities and machines. This is important for two reasons:
1. The semiconductor manufacturing technology we are designing for was perfected in the 1990s. So, there will be no significant operational bugs in the machines or the processes, and the technology has only gotten better over time.
2. Because of our ability to use existing machines and facilities, there will be little or no new need to ‘invent’ new machines or construct new facilities just to make our 3D solar cell.”
A photovoltaic solar cell is basically a diode, and a diode is the most basic building block of modern day microprocessors and electronics. The micro-photovoltaic structures that make up the company’s Solar3D cell are essentially diodes. By designing these “diodes” in the correct shape and size, Solar3D believes its 3D structures can easily be produced in widely available high-speed semiconductor manufacturing facilities.
Mr. Nelson concluded, “In the end, we intend to achieve what every solar innovator hopes for: More Power, in a Smaller Space, for Less Money.”
Headquartered in Santa Barbara, California, Solar3D is developing a cutting-edge 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30 percent of incident sunlight currently reflects off the surface of conventional solar cells. In addition, more is lost inside the solar cell materials. The Company believes this next generation solar cell will be significantly more efficient, resulting in a lower cost per watt that will make solar power affordable.
For more information visit: www.Solar3D.com
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The Company’s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they convert into electrons. Light management techniques used in fiber optic devices inspired this technology. Solar3D, Inc.’s management believes that this breakthrough solar cell design will dramatically change solar energy economics.
Mr. Jim Nelson, Chief Executive Officer of Solar3D, Inc., commented, “In the solar industry, it is not enough to have high efficiency, you must also be low cost. We started our company with the mantra of ‘Breakthrough Product, Common Manufacturing,’ and I am pleased to report that we are right on track.”
Mr. Nelson continued, “The key to the successful low cost fabrication of our 3D solar cell is that we can use existing semiconductor manufacturing facilities and machines. This is important for two reasons:
1. The semiconductor manufacturing technology we are designing for was perfected in the 1990s. So, there will be no significant operational bugs in the machines or the processes, and the technology has only gotten better over time.
2. Because of our ability to use existing machines and facilities, there will be little or no new need to ‘invent’ new machines or construct new facilities just to make our 3D solar cell.”
A photovoltaic solar cell is basically a diode, and a diode is the most basic building block of modern day microprocessors and electronics. The micro-photovoltaic structures that make up the company’s Solar3D cell are essentially diodes. By designing these “diodes” in the correct shape and size, Solar3D believes its 3D structures can easily be produced in widely available high-speed semiconductor manufacturing facilities.
Mr. Nelson concluded, “In the end, we intend to achieve what every solar innovator hopes for: More Power, in a Smaller Space, for Less Money.”
Headquartered in Santa Barbara, California, Solar3D is developing a cutting-edge 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30 percent of incident sunlight currently reflects off the surface of conventional solar cells. In addition, more is lost inside the solar cell materials. The Company believes this next generation solar cell will be significantly more efficient, resulting in a lower cost per watt that will make solar power affordable.
For more information visit: www.Solar3D.com
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TMNG Global’s (TMNG) Ascertain Chosen by Major U.S. Cable Operator
Yesterday, it was announced that a major U.S. Cable company has made the choice to use software from TMNG Global (NASDAQ: TMNG). The software, Ascertain Business Assurance Software Suite, will be deployed throughout the cable company’s offices and operations.
TMNG provides numerous services to industries such as communications and digital media, technology and financial services. In addition to providing software such as the Ascertain suite, the company also offers strategy, business, operations and technical consulting, with a client base consisting of over 1,200 firms worldwide.
TMNG claims to offer a “holistic, hands-on approach” to revenue assurance and cost management, working closely with clients using their revenue assurance systems. Among the benefits TMNG promises are a reduced time to market, usability and efficiency improvements for revenue assurance personnel, and reducing the costs of ownership, support and maintenance.
“This contract with a leading U.S. cable MSO is especially gratifying to TMNG Global, as it represents the culmination of a highly successful and thorough trial of Ascertain(R),” said Rich Nespola, Chairman & CEO of TMNG Global. “Ascertain(R) is widely deployed by Tier 1 cable and telecom operators around the world, helping them manage the financial risks and complexities associated with today’s real-time environment.”
“We are proud of TMNG’s successful track record in helping MSOs manage the increasing complexities of delivering tiered converged service offerings across multiple platforms,” said Bill Opet, Senior Vice President of TMNG Global’s Cable and Broadband business. “Ascertain(R) collects and reconciles data with web based reporting on key activities and trends across the multiple service lines, subscribers, and network usage. The software interfaces with major billing, servers, and OSS systems as the MSO community migrates data, applications, and processes for voice, video, HSD, wireless, and content users.”
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TMNG provides numerous services to industries such as communications and digital media, technology and financial services. In addition to providing software such as the Ascertain suite, the company also offers strategy, business, operations and technical consulting, with a client base consisting of over 1,200 firms worldwide.
TMNG claims to offer a “holistic, hands-on approach” to revenue assurance and cost management, working closely with clients using their revenue assurance systems. Among the benefits TMNG promises are a reduced time to market, usability and efficiency improvements for revenue assurance personnel, and reducing the costs of ownership, support and maintenance.
“This contract with a leading U.S. cable MSO is especially gratifying to TMNG Global, as it represents the culmination of a highly successful and thorough trial of Ascertain(R),” said Rich Nespola, Chairman & CEO of TMNG Global. “Ascertain(R) is widely deployed by Tier 1 cable and telecom operators around the world, helping them manage the financial risks and complexities associated with today’s real-time environment.”
“We are proud of TMNG’s successful track record in helping MSOs manage the increasing complexities of delivering tiered converged service offerings across multiple platforms,” said Bill Opet, Senior Vice President of TMNG Global’s Cable and Broadband business. “Ascertain(R) collects and reconciles data with web based reporting on key activities and trends across the multiple service lines, subscribers, and network usage. The software interfaces with major billing, servers, and OSS systems as the MSO community migrates data, applications, and processes for voice, video, HSD, wireless, and content users.”
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Wednesday, February 23, 2011
American National Insurance Co. (ANAT) Reports 2010 Financial Results
American National Insurance Co. reported year over year increases in net income and revenue in 2010, as the company saw an improvement in business and a recovery from a decline in its investment portfolio. The company also saw an increase in diluted book value per share compared to last year.
American National Insurance reported net income of $144 million, or $5.44 per diluted share in 2010, compared to net income of $15.6 million, or $0.59 per diluted share in 2009. The company said revenues in 2010 increased by 4% over 2009.
American National Insurance saw a rebound in business in its life insurance, annuity and health insurance segments in 2010, but a $27 million decline in operating income in its Property and Casualty segment due to higher catastrophe losses.
The increase in net income was also due to a large decline in other-than-temporary impairments of investments in marketable securities, due to a recovery in the value of the investment portfolio.
American National Insurance reported a book value of $136.77 per diluted share at the end of 2010, compared to a book value of $130.29 per diluted share at the close of 2009.
For more information on the company, go to www.anico.com
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American National Insurance reported net income of $144 million, or $5.44 per diluted share in 2010, compared to net income of $15.6 million, or $0.59 per diluted share in 2009. The company said revenues in 2010 increased by 4% over 2009.
American National Insurance saw a rebound in business in its life insurance, annuity and health insurance segments in 2010, but a $27 million decline in operating income in its Property and Casualty segment due to higher catastrophe losses.
The increase in net income was also due to a large decline in other-than-temporary impairments of investments in marketable securities, due to a recovery in the value of the investment portfolio.
American National Insurance reported a book value of $136.77 per diluted share at the end of 2010, compared to a book value of $130.29 per diluted share at the close of 2009.
For more information on the company, go to www.anico.com
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Cemtrex, Inc. (CTEI.OB) Turns Profitable as Sales Double
Earlier today, Cemtrex Inc. announced its first quarter consolidated results of operations for the three months ended December 31, 2010. Revenues totaled $1,821,634, up 104% compared to the first quarter ended December 31, 2009. Net Income totaled $144,217 versus a loss of $32,006 during the same period a year prior.
Commenting on the quarterly results, Mr. Arun Govil, President and Chief Executive Officer of the Company, stated, “We are pleased with this turnaround to profitability, and would like to thank our employees for their efforts, which have resulted in enhanced global marketing efforts, securing large projects in the international marketplace, and overall effective execution.”
“We are confident in our ability to secure more such projects and create sustainable profitability for the long term,” added Mr. Govil.
Through its subsidiaries, Cemtrex Inc. is focused on manufacturing and selling the most advanced equipment and systems for stack gas emission monitoring, air filtration and other environmental control products in a wide variety of industries, including power plants, refineries, chemical, steel and cement plants. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems.
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Commenting on the quarterly results, Mr. Arun Govil, President and Chief Executive Officer of the Company, stated, “We are pleased with this turnaround to profitability, and would like to thank our employees for their efforts, which have resulted in enhanced global marketing efforts, securing large projects in the international marketplace, and overall effective execution.”
“We are confident in our ability to secure more such projects and create sustainable profitability for the long term,” added Mr. Govil.
Through its subsidiaries, Cemtrex Inc. is focused on manufacturing and selling the most advanced equipment and systems for stack gas emission monitoring, air filtration and other environmental control products in a wide variety of industries, including power plants, refineries, chemical, steel and cement plants. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems.
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Sunridge International (SNDZ.OB) Inks Distribution Agreement for Turkey
Today before the opening bell, Sunridge International announced it has entered into an exclusive distribution contract for Turkey. The 5-year contract is anticipated to provide a substantial increase in sales. Sunridge is currently preparing medical personnel that will train local key opinion leaders to assist the marketing rollout.
Sunridge’s CEO, G. Richard Smith commented, “Our goal has always been to expand our distribution network. With the signing of this agreement, along with the distribution rights to several additional countries throughout Europe that we are currently negotiating, we are very pleased with the progress that we are making.”
“Recently we expanded our business model to include the addition of company owned clinics, which is a more aggressive approach for Sunridge,” he continued. “Our funding efforts for the clinics is progressing well at this time, and we look forward to advancing into this highly profitable market.”
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Sunridge’s CEO, G. Richard Smith commented, “Our goal has always been to expand our distribution network. With the signing of this agreement, along with the distribution rights to several additional countries throughout Europe that we are currently negotiating, we are very pleased with the progress that we are making.”
“Recently we expanded our business model to include the addition of company owned clinics, which is a more aggressive approach for Sunridge,” he continued. “Our funding efforts for the clinics is progressing well at this time, and we look forward to advancing into this highly profitable market.”
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Ambient Corp. (ABTG.OB) Announces Record Revenue for 2010
Ambient Corp. today announced its financial results for the year ended December 31, 2010. Annual revenues totaled approximately $20.4 million, with a gross profit of $8.3 million, compared to $2.2 million in revenue and $357,000 in gross profit in 2009.
“We planned for 2010 to be a year of significant growth for Ambient and, despite the fledgling smart grid industry, it did not disappoint, with the addition of 19 new employees and revenue growing to more than $9 million in the fourth quarter,” commented John J. Joyce, President and CEO of Ambient. “In 2010, the Ambient Smart Grid platform was instrumental to the build-out of the smart grid network in the state of Ohio helping to move the smart grid concept from vision to reality. There is still a lot of work to do, and we look to continue the trends in 2011.”
Cost of goods sold for 2010 totaled $12,023,332 compared to $1,836,546 for 2009. These figures include all costs related to manufacturing and consisted primarily of direct material costs. Cost of goods sold also included expenses related to the write down of inventory to the lower of cost or market. The large increase in cost of goods sold during 2010 was caused by the increase in production to fill orders placed by customers.
Gross profits for 2010 were $8,334,708, compared to $356,792 for 2009. The overall gross margins for 2010 increased to 41% compared to 16% during 2009. The increased gross margin is a reflection of the maturing of the company’s product offerings and its enhanced ability to plan production and scale based on increased lead-time and transparency in the forecasting and purchasing process of customers.
A more detailed description of Ambient and its results of operations and financial statements are contained in the Annual Report on Form 10-K filed with the SEC on February 23, 2011.
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“We planned for 2010 to be a year of significant growth for Ambient and, despite the fledgling smart grid industry, it did not disappoint, with the addition of 19 new employees and revenue growing to more than $9 million in the fourth quarter,” commented John J. Joyce, President and CEO of Ambient. “In 2010, the Ambient Smart Grid platform was instrumental to the build-out of the smart grid network in the state of Ohio helping to move the smart grid concept from vision to reality. There is still a lot of work to do, and we look to continue the trends in 2011.”
Cost of goods sold for 2010 totaled $12,023,332 compared to $1,836,546 for 2009. These figures include all costs related to manufacturing and consisted primarily of direct material costs. Cost of goods sold also included expenses related to the write down of inventory to the lower of cost or market. The large increase in cost of goods sold during 2010 was caused by the increase in production to fill orders placed by customers.
Gross profits for 2010 were $8,334,708, compared to $356,792 for 2009. The overall gross margins for 2010 increased to 41% compared to 16% during 2009. The increased gross margin is a reflection of the maturing of the company’s product offerings and its enhanced ability to plan production and scale based on increased lead-time and transparency in the forecasting and purchasing process of customers.
A more detailed description of Ambient and its results of operations and financial statements are contained in the Annual Report on Form 10-K filed with the SEC on February 23, 2011.
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Butler National Corp.’s (BUKS.OB) Completes First R/X Modification Project in The Republic of South Africa
Butler National Corp., a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO), announced today that its first R/X (range extension) Modification project in The Republic of South Africa has been completed.
The Lear 36 R/X modification was requested by Cape Chamonix Wine Farms, located in South Africa’s world-renowned Franschhoek wine-growing region. Butler National, through its wholly-owned subsidiary, Avcon Industries, Inc., is the exclusive provider of this modification for the Lear Jet 30 Series Aircraft.
“We are the only aerospace company in the world that holds the FAA Supplemental Type Certificate (STC) for this modification. This was our 100th installation globally and we estimate the international market to be in excess of 500 Lear 30 Series business jets,” stated Butler National President and CEO Clark D. Stewart.
Chris Hellinger, CEO of Cape Chamonix Wine Farms commented, “Butler’s innovative engineering and design expertise is unsurpassed in the business jet market. For this kind of advanced and technical installation, Butler National is the first and only choice. This modification allows me to fly farther, with fewer fuel stops, to destinations throughout the world.”
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The Lear 36 R/X modification was requested by Cape Chamonix Wine Farms, located in South Africa’s world-renowned Franschhoek wine-growing region. Butler National, through its wholly-owned subsidiary, Avcon Industries, Inc., is the exclusive provider of this modification for the Lear Jet 30 Series Aircraft.
“We are the only aerospace company in the world that holds the FAA Supplemental Type Certificate (STC) for this modification. This was our 100th installation globally and we estimate the international market to be in excess of 500 Lear 30 Series business jets,” stated Butler National President and CEO Clark D. Stewart.
Chris Hellinger, CEO of Cape Chamonix Wine Farms commented, “Butler’s innovative engineering and design expertise is unsurpassed in the business jet market. For this kind of advanced and technical installation, Butler National is the first and only choice. This modification allows me to fly farther, with fewer fuel stops, to destinations throughout the world.”
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Cytokinetics Inc. (CYTK) Video Chart for Wednesday, February 23, 2011
CYTK has had quite a slide and the chart is now worthy of a close watch for a bounce. Technical traders will be on alert for any shift in momentum and the establishment of support levels.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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Emrise Corp. (EMRI.OB) Sees Demand for In-Flight Entertainment & Connectivity Systems Increasing
Few industries face the challenges and competition inherent in the airline industry. With increasingly volatile oil prices a constant threat, commercial air carriers are looking for additional revenue sources and bigger passenger loads. A growing component in such strategies is the offering of advanced in-flight entertainment and connectivity systems (IFE&C). It’s an approach that addresses two major customer demands, entertainment and business, a way to make the time go faster and be more productive.
It’s been a huge positive for Emrise Corporation, a global producer of defense, aerospace, and industrial electronics and communications equipment. The use of its power supplies, RF and microwave signal processing devices in IFE&C systems is a primary growth driver for the company’s Electronic Devices business segment. In addition, the use of its network products in network timing and synchronization in edge networks is a primary growth driver for their Communications Equipment business segment.
The company announced today that it has received a $1.5 million order from a longstanding unnamed customer for electronic devices to be used in the external communications portion of the IFE&C systems being installed in a commercial aircraft. The order, expected to cover a three-year shipping period starting in the second half of 2011, is through the company’s Pascall subsidiary in England. Emrise expects to get additional follow-on orders for the systems in the future.
Emrise Chairman and CEO, Carmine Oliva, said that demand for IFE&C systems continues to grow. “Today, airline industry growth and profitability are being driven by increasing passenger traffic, ancillary revenue sources and a range of new revenue generating services such as IFE&C. The demand for new sources and types of revenue, the interest in providing IFE&C services on short-haul aircraft, and the recent increases in construction of new, more advanced aircraft, is driving growth in the IFE&C market, which in turn helps increase demand for the IFE&C products provided by EMRISE.”
Emrise designs, manufactures, and markets electronic devices, sub-systems, and equipment for aerospace, defense, industrial, and communications markets.
For more information, visit the company’s website at www.Emrise.com
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It’s been a huge positive for Emrise Corporation, a global producer of defense, aerospace, and industrial electronics and communications equipment. The use of its power supplies, RF and microwave signal processing devices in IFE&C systems is a primary growth driver for the company’s Electronic Devices business segment. In addition, the use of its network products in network timing and synchronization in edge networks is a primary growth driver for their Communications Equipment business segment.
The company announced today that it has received a $1.5 million order from a longstanding unnamed customer for electronic devices to be used in the external communications portion of the IFE&C systems being installed in a commercial aircraft. The order, expected to cover a three-year shipping period starting in the second half of 2011, is through the company’s Pascall subsidiary in England. Emrise expects to get additional follow-on orders for the systems in the future.
Emrise Chairman and CEO, Carmine Oliva, said that demand for IFE&C systems continues to grow. “Today, airline industry growth and profitability are being driven by increasing passenger traffic, ancillary revenue sources and a range of new revenue generating services such as IFE&C. The demand for new sources and types of revenue, the interest in providing IFE&C services on short-haul aircraft, and the recent increases in construction of new, more advanced aircraft, is driving growth in the IFE&C market, which in turn helps increase demand for the IFE&C products provided by EMRISE.”
Emrise designs, manufactures, and markets electronic devices, sub-systems, and equipment for aerospace, defense, industrial, and communications markets.
For more information, visit the company’s website at www.Emrise.com
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