OPTT, GNOM, NXOI, IMDS, RITT, MIKP OTCPicks.com Stocks to Watch for Thursday, July 12th
7/11/2012 11:47:56 PM
Stocks to Watch today include Ocean Power Technologies Inc. (Nasdaq: OPTT),
Complete Genomics Inc. (Nasdaq: GNOM), Next 1 Interactive Inc. (OTCBB: NXOI),
Imaging Diagnostic Systems, Inc. (OTCBB: IMDS), RiT Technologies Ltd. (NASDAQ:
RITT) and Mike the Pike Productions Inc. (OTC: MIKP).
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POWER TECHNOLOGIES INCORPORATED (NASDAQ: OPTT)
72.16% on Wednesday"
Power Technologies, Inc. (OPTT) is a pioneer in wave-energy technology that
harnesses ocean wave resources to generate reliable and clean and
environmentally-beneficial electricity. OPT has a strong track record in the
advancement of wave energy and participates in an estimated $150 billion annual
power generation equipment market. OPT's proprietary PowerBuoy® system is based
on modular, ocean-going buoys that capture and convert predictable wave energy
into clean electricity. The Company is widely recognized as a leading developer
of on-grid and autonomous wave-energy generation systems, benefiting from 15
years of in-ocean experience. OPT is headquartered in Pennington, New Jersey,
USA with an office in Warwick, UK.
9 - Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project
Power Technologies, Inc. (Nasdaq: OPTT), a leading wave energy technology
company, and Lockheed Martin (LMT) have entered into a teaming agreement with
the goal of developing a 19 megawatt wave-energy project in Victoria,
Australia. This is one of the largest wave-energy projects announced to date,
and leverages a grant from the Commonwealth of Australia.
the project, Lockheed Martin will assist with the design of Ocean Power
Technologies' (OPT) PowerBuoy® technology, lead the production and system
integration of the wave-energy converters and support overall program
management. Lockheed Martin and OPT have been collaborating since 2004,
first on the development of an Advanced Deployable System for the U.S. Navy and
most recently to design and launch utility-scale wave energy converters off the
coast of Reedsport, Oregon.
Martin is applying its expertise to commercialize promising, emerging
alternative energy technologies," said Dan Heller, vice president of new
ventures for Lockheed Martin's Mission Systems & Sensors business. "We
see great potential in harnessing the vast power of the ocean. By working with
OPT and Australian industry on this project, we will advance wave energy in
Australia and globally."
to the World Energy Council, wave energy has the potential to produce around
2,000 terawatt hours of electricity a year, or enough power to meet 10 percent
of the world's current energy needs. In Australia, which has very
attractive wave resources, this percentage could be significantly higher.
F. Dunleavy, Chief Executive Officer of OPT, said, "Lockheed Martin's
commitment to alternative energy and its engineering, production, and systems
integration expertise will provide momentum to our Australia initiatives, where
both companies see great potential for large-scale wave energy generation. We
also appreciate the Commonwealth government's continued support of this
project, which we expect to create a significant number of local jobs as we
develop and maintain operations over the life of the power station."
for the project, which is to be located off the coast of Portland, Victoria,
also includes a previously announced grant of A$66.5 million ($65.3 million
USD) from the Commonwealth of Australia's Department of Resources, Energy and
Tourism. A Funding Deed sets out the terms of the grant, including the
requirement to obtain significant additional project financing.
project is to be developed by a special purpose Australian company, Victorian
Wave Partners Pty Ltd, currently owned by Ocean Power Technologies
(Australasia) Pty Ltd. The partners are assessing financing opportunities
for the project and pursuing power purchase agreements with local industry and
in Bethesda, Md., Lockheed Martin is a global security and aerospace company
that employs about 123,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and sustainment of
advanced technology systems, products and services. The Corporation's net sales
for 2011 were $46.5 billion.
GENOMICS INCORPORATED (NASDAQ: GNOM)
43.63% on Wednesday"
its pioneering sequencing-as-a-service model, Complete Genomics provides the
most accurate whole human genomes generally available today. The ease of use
and power of Complete's advanced informatics and analysis systems provide
genomic information needed to better understand the prevention, diagnosis, and
treatment of diseases.
11 - Complete Genomics Announces New Technology Developed to Set Standard for
Fragment Read Technology Described in Nature Paper Provides Much Higher
Genomics, Inc. (Nasdaq: GNOM) announced that its Long Fragment Read (LFR)
technology for whole genome sequencing dramatically improves accuracy, enables
fully-phased genomes, and significantly reduces the amount of DNA required for
testing. Complete's LFR technology should accelerate the use of whole genome
sequencing by physicians to diagnose and treat their patients.
expect the introduction of this technological breakthrough to accelerate the
move of whole genome sequencing into patient care, which in turn will begin to
change the face of medicine," said Dr. Clifford Reid, Complete Genomics'
chairman, president and CEO.
Nature paper by Peters et al. describes how our LFR technology uses 'barcoded'
DNA to generate whole genome sequencing with approximately one error in 10
million base pairs, or just 600 errors in an entire human genome," said
Dr. Rade Drmanac, the company's chief scientific officer and inventor of the
LFR technology. "This represents a 10-fold increase in accuracy for
Complete and is unmatched by any high-sensitivity method currently
now, determining whether two disease-associated variants were on the same or
different parental chromosomes was either impossible or required expensive,
low-throughput technologies -- an approach often infeasible in a clinical
environment. Complete's new LFR technology not only enables an accurate
identification of mutations, but includes phasing that shows which mutations
are in fact together on the same parental chromosome. Through phasing, a
physician can determine whether a patient with two pathogenic variants in a
gene including its regulatory regions is affected or merely a carrier of the
trait. In addition, Complete's LFR technology provides, for the first time,
accurate whole-genome sequencing from as few as 10 to 20 cells (only 100
picograms of DNA), making it an ideal choice for small sample clinical
sequencing applications including circulating tumor cells, fine needle
aspirations, and pre-implantation genetic diagnostics.
the not-too-distant future, failure to use phasing when providing genomic
diagnoses in patient care will be seen as unacceptably inaccurate," said
Dr. George Church, professor of genetics at Harvard Medical School and director
of PersonalGenomes.org. "I also suspect that LFR will reveal surprising
things we didn't know were missing because we didn't have a tool to see
U.S. Patent and Trademark Office has already issued Complete Genomics two
separate patents on LFR technology, and additional patent applications,
including miniaturization using nanodrops, are pending. Complete Genomics plans
to incorporate the new technology into its sequencing offerings in early 2013.
1 INTERACTIVE INCORPORATED (OTCBB: NXOI)
73.33% on Wednesday"
One Interactive, Inc. (NXOI) is a multi-faceted media company specializing in
Travel and Real Estate. Next One plans the delivery of targeted content via
multiple digital platforms including Satellite, Cable, Broadcast, Broadband and
mobile. In today's digital market Next One Interactive delivers information and
entertainment to consumers. The company business plan calls for multiple
revenue streams from real estate and travel content delivery including
transactional commissions, referral fees, advertising and sponsorship. The
multiple revenue streams and integrated media platforms allow for the delivery
of measurable return on investment to its advertisers, sponsors and business
11 - Next One Moves To Reposition Real Estate Division For Growth Through An
1 Interactive, Inc. (OTCBB: NXOI) announced that Webdigs, Inc.
("Webdigs") has completed the necessary audit, filings and
structuring necessary to allow it to again become a fully reporting public
company, meeting all SEC requirements as well as all requirements of OTCQB
the recently filings by Webdigs on June 5th, the path has been cleared for Next
1 to proceed with its previously announced plan to shift all real estate
related assets from Next 1 Realty to Webdigs in exchange for a newly
issued Convertible Preferred shares that initially gives the company a
controlling interest in Webdigs. Webdigs was founded in 2007 and has
developed and acquired real estate websites & technology including a
licensed real estate brokerage division with more than 30 years of experience
and affiliations in 19 states.
the transaction is completed the new publicly traded vehicle will be a
singularly focused real estate Media and Marketing Company. It will control all
operating real estate agreements of Next 1 Realty, the real estate related
Video on Demand (VOD) Network and corresponding websites, the Home Preview
Channel assets, Next 1's minority share ownership of RealBiz Media, and certain
film and distribution rights related to real estate programming for TV
Kerby, CEO of Next 1 Interactive stated "recent moves to attract key new
Directors, strengthen management and create strong industry alliances in both
the travel and real-estate arenas have greatly enhanced the company's
position. I believe this strategic move to separate Travel and Real Estate
assets into two public companies will help with key expansion plans for both
and better position Next One shareholders to participate from growth from both
DIAGNOSTIC SYSTEMS (OTCBB: IMDS)
54.55% on Wednesday"
Diagnostic Systems, Inc. has developed a revolutionary new imaging device to
aid in the detection and management of breast cancer. The CTLM® system is a
breast imaging system that utilizes patented continuous wave laser technology
and computer algorithms to create 3-D images of the breast. The procedure is
non-invasive, painless, and does not expose the patient to ionizing radiation
or painful breast compression. CT Laser Mammography (CTLM®) is designed to be
used in conjunction with mammography. It reveals information about blood
distribution in the breast and shows the process of angiogenesis, which usually
accompanies tumor growth. CTLM system has received international certifications
and licenses from the European CE mark, CMDCAS Canadian Health screening, China
SFDA, India, UL, and ISO 13485. The Company is seeking FDA approval through the
Premarket approval process.
recent news for Imaging Diagnostic Systems, Inc. (OTCBB: IMDS).
TECHNOLOGIES (NASDAQ: RITT)
56.86% on Wednesday"
is a leading provider of intelligent solutions for infrastructure management,
asset management, environment and security, and network utilization. RiT
Enterprise solutions address datacenters, communication rooms and workspace
environments, ensuring maximum utilization, reliability, decreased downtime,
physical security, automated deployment, asset tracking, and troubleshooting.
RiT Carrier solutions provide carriers with the full array of network mapping,
testing and bandwidth qualification capabilities needed for access network
installation and service provisioning. RiT's field-tested solutions are
delivering value in thousands of installations for top-tier enterprises and
operators throughout the world.
2 - RiT Technologies Announces 2012 Annual General Meeting
Technologies (NASDAQ: RITT) announced that its 2012 Annual General Meeting of
Shareholders will be held on Tuesday, July 24, 2012 at 10:00 a.m. (Israel
time), at the offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv,
record date for the meeting is July 4, 2012. The Company will send to its
shareholders of record a proxy statement describing the various matters to be
voted upon at the meeting, along with a proxy card enabling them to indicate their
vote on each matter. The Company will also furnish the proxy statement to the
Securities and Exchange Commission (SEC) on Form 6-K.
agenda of the annual general meeting is as follows:
To re-elect three (3) directors to the Board of Directors of the Company;
To re-elect Ms. Galia Druker as an external director;
To approve the re-appointment of KPMG Somech Chaikin as the Company's
independent auditors for the fiscal year ending December 31, 2012; and to
authorize our Board of Directors to delegate to the Audit Committee the
authority to fix the remuneration of KPMG Somech Chaikin in accordance with the
volume and nature of their services;
To approve the Technology Purchase Agreement between the Company and Quartz
Ltd., an Israeli company affiliated with the Chairman of the Board of Directors
of the Company;
To consider the audited consolidated financial statements of the Company for
the year ended December 31, 2011; and
To transact such other business as may properly come before the Meeting or any
additional information please refer to the above referenced Proxy Statement.
THE PIKE PRODUCTIONS INCORPORATED (OTC: MIKP)
71.43% on Wednesday"
Inc. engages in the Internet related business. It focuses on creating a social
networking Website under the Kidzrocket.com name for children. The company was
formerly known as Fortress Nevada, Inc. and changed its name to BizRocket.com,
Inc. in June, 1999. BizRocket.com, Inc. was incorporated in 1995 and is based
in Coral Springs, Florida.
11 - Mike The Pike Productions, Inc. Announces Material Shareholder Update
the Pike Productions, Inc.’s (OTC: MIKP), an entertainment company with a focus
in feature films, graphic novels and media holdings, issues the following
update for shareholders in the company in a continued employment of actions
toward increased shareholder value in line with company growth, including
settlement of debt & liabilities, reduction of authorized and outstanding
shares, finalization of feature films, sales and distribution of feature films,
development of feature film and graphic novel properties. CEO/Producer, Mark B.
Newbauer issues the following report on behalf of the company:
Q2, Mike The Pike Productions launched an aggressive program to reduce debt and
liabilities as well as share structure in a long-term commitment to growth and
added-value for its shareholders.
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