Posted on 7/29/2011 @ 5:11 PM in #Stocks by Mission 0 comments

Acorn Energy, Inc., an energy technology holding company, today announced a definitive agreement for the sale of its subsidiary CoaLogix for $101 million to funds managed by private equity firm, Energy Capital Partners (“ECP”). Acorn anticipates a $61.8 million pre-tax proceed, or approximately $3.53 per outstanding Acorn share. Acorn Energy owns about 65% of CoaLogix on a fully diluted basis with the balance held by EnerTech Capital and CoaLogix management.CoaLogix is the worldwide leader in selective catalytic reduction (SCR) management services and catalyst regeneration technologies that reduce nitrogen oxides (NOx) emissions in coal-fired electric utility power plants. With leading-edge technologies, a highly skilled workforce, and more than 160 years of combined senior management experience, CoaLogix works to help companies maintain compliance with stringent environmental regulations through technology, optimization and efficiency improvements. Most coal-fired utility plants in the United States use Continued...

Ballard Power Systems (BLDP) Collaboration Agreement with Delta Power Solutions Announced

Posted on 7/29/2011 @ 2:31 PM in #Stocks by Mission 0 comments

Ballard Power Systems announced execution of a collaboration agreement between Delta Power Solutions of India and Ballard’s wholly-owned subsidiary Dantherm Power to market clean energy power solutions using fuel cells in India. The deal is aimed at supplying backup power to telecom companies.Dantherm and Delta will work together to establish and conduct field trials of Dantherm’s direct hydrogen 2-kilowatt (kW) DBX2000 fuel cell system as well as its 5kW DBX5000 fuel cell system, along with its systems control platform “Site Management & Control System”. Delta, a subsidiary of Thai company Delta Electronics, will monitor the test installations remotely at their network operations center.Ballard CEO John Sheridan said the following, “This agreement represents an effective, managed approach to backup power market development in India. Delta will leverage its existing telecom industry relationships in order to identify interested customers, and Delta will provide on-the-ground support throughout the trial Continued...

Technicolor to Buy Cinedigm (CIDM) Digital Delivery Assets

Posted on 7/29/2011 @ 2:31 PM in #Stocks by Mission 0 comments

The deal is unusual in that no financial details have been disclosed. But under its terms, Technicolor will become Cinedigm’s preferred content servicing partner, including post production and distribution services. Cinedigm’s main role under the arrangement appears to be that of research and development of next generation entertainment industry software. Also included is Technicolor’s licensing of Cinedigm’s CineSuite digital delivery tools and their CineXpress trailer distribution software.The deal is expected to wrap up in September of this year, subject to the execution of definitive documents and satisfaction of certain closing conditions. The late-day press release called the deal “a strategic software design partnership between the two companies… expected to provide superior service and value, with greater scale and functionality, to the combined studio distribution customers of each Company.” It’s seen by the companies as an effort to take advantage of opportunities offered by a growing global cinema Continued...

Sky Power Solutions Corp. (SPOW) Focused on Major Challenges to the Grid

Posted on 7/29/2011 @ 2:29 PM in #Stocks by Mission 0 comments

One of the most serious problems facing the U.S. and other parts of the industrialized world today is the inadequacy of the electrical grid, along with the generating resources that power it. Although much has been made of the vulnerability of high-voltage electrical transmission systems to outside attack, a more systemic problem is the inherent inefficiency involved in maintaining sufficient generating capacity to meet peak electrical demand.Since electricity is not easily stored, large scale power plants must be built with enough capacity to meet potential spikes in consumer demand, such as caused by widespread hot weather, even though those spikes may represent only a small percentage of total annual requirement. As a result, excess capacity sits dormant much of the time, while being pushed to the limit, and sometimes beyond its limit, during other times. The cost to build and constantly maintain such capacity is ultimately passed on to consumers and the nation as a whole.Adding to this long-standing Continued...

Most Publicly Traded Companies are Making a Huge Mistake

Posted on 7/28/2011 @ 6:46 PM in #Stocks by Mission 1 comments

Wouldn’t an investor that owned 10-20% of a company be entitled to management’s attention? Of course he would as his or her decisions could easily have a material effect on the company’s operations and ability to grow. Why then do so many publicly traded companies ignore the retail investor market when the segment represents a significant portion their shareholder base?Of course, most of these companies do not even realize the mistake they are making. There are 30,000+ institutions in the world, each with stock purchasing power that far exceeds the typical retail investor. To them it is simply a matter of resource management; as workloads increase and budgets decline, it would only make sense to focus on institutions with more buying power.However, the individual investor audience represents trillions of dollars in investable assets and it would be a mistake to completely ignore it. Because the most attractive segment of this audience makes investment decisions based on research and fundamentals, they often Continued...

Spectranetics (SPNC) Posts Q2 Results reflecting Progress for Key Growth Initiatives

Posted on 7/28/2011 @ 6:45 PM in #Stocks by Mission 0 comments

Spectranetics Corp., developer of single-use medical devices for the treatment of the cardiovascular system, today reported financial results for the second quarter and six months ended June 30, 2011.Revenue for the second quarter of 2011 was $32.2 million, an increase of 7 percent over revenue of $30.0 million for the second quarter of 2010. Net income for the second quarter was $584,000, or $0.02 per diluted share, compared with net income of $91,000, or $0.00 per diluted share, in the second quarter of 2010.The company reported a year-over-year 15 percent increase in lead management revenue to $11.5 million; laser system revenue increased 48 percent to $2.3 million; and service and other revenue increased 9 percent to $2.5 million.While vascular intervention sales declined 1 percent to $15.8 million, segment revenue continued its turnaround from its lows in the fourth quarter of 2010, increasing sequentially by $1.2 million, or 8 percent, as compared with the first quarter of 2011.“The second quarter Continued...

Dunkin’ Brands Group (DNKN) IPO as Hot as Its Coffee

Posted on 7/28/2011 @ 2:37 PM in #Stocks by Mission 0 comments

This week’s biggest IPO offered some hot trading Wednesday as shares of Dunkin’ Brands Group, the parent company of Dunkin’ Donuts, soared well past its $19 IPO price, to close at nearly $27.85, based on the company’s recognized potential for still unrealized domestic expansion.Founded in 1950 in Quincy, Massachusetts, the company began franchising in 1955, and is now approaching 10,000 stores worldwide. About 2/3 of Dunkin’ stores are in the U.S., the vast majority of which are in the East. The lack of stores in the West is viewed as a prime opportunity for increased domestic branding and growth, with the chain looking to roughly double the number of U.S. stores over the next two decades.Dunkin’ feels it’s in a strong position to take on Starbucks and McDonald’s, both of which are now considered focused more on the international market. Surprising to many is the fact that Dunkin’ Donuts is America’s largest retailer of coffee-by-the-cup, serving nearly a billion cups each year. Although the company also Continued...

Scorpex, Inc. (SRPX) Prepares to Capitalize on Mexico’s Waste Disposal Industry

Posted on 7/28/2011 @ 2:36 PM in #Stocks by Mission 0 comments

The market for hazardous and industrial waste naturally increases in correlation with growth of the human population. Landfills have long been the method of waste disposal, but below the surface of the layers of dirt “hiding” our waste, reactions take place that create long-term environmental problems.This is where Scorpex steps in. The company is executing its operational mission to own and operate a full-service waste disposal and recycling company. Its first facility will be located on a 26-acre property just outside Ensenada, Mexico, ironically less than three miles from the region’s current landfill. The property will house ten hazardous waste storage structures, with the first storage facility 80 percent complete.Scorpex has partnered with IET of Danville, Ky., for the installation of a waste gasification plant on site. The IET solution is a thermal oxidation process that takes waste, transported by waste haulers, and drops it into an air-tight gasification cell. Once the cell is closed, the system is Continued...

Scorpex, Inc. (SRPX) Details Recently Announced $30 Million Equipment Agreement

Posted on 7/28/2011 @ 11:01 AM in #Stocks by Mission 0 comments

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, today announced additional details of its recently announced major equipment contract signed with International Environmental Technologies, Inc. (“IET”) for the acquisition and installation of waste gasification/thermal oxidation equipment as well as a license to use the technology.Scorpex has agreed to a total purchase price of USD$30,000,000. As terms of the agreement, the purchase price will be paid in four payments: USD$9,000,000 upon the release of funds from the lender; USD$9,000,000 upon IET’s delivery to Scorpex of a certification that the shop drawings and other engineering work for the installation of the Equipment has been completed; USD$9,000,000 upon IET’s delivery to Scorpex of a certification that the erection of the steel framework for all two units has been completed; and USD$3,000,000 upon the final check out, testing of the unit and commissioning.IET will Continued...

First Quarter 2011 Results Reported by Mastech Holdings Inc. (MHH)

Posted on 7/28/2011 @ 11:00 AM in #Stocks by Mission 0 comments

Pittsburgh-based Mastech Holdings Inc. is a nationwide provider of information technology and specialized healthcare staffing services to hospitals and other healthcare facilities. The company announced its financial results for the first quarter ended March 31, 2011.Revenues for the period came in at $19.9 million and represented a 27 percent increase over the corresponding quarter of 2010. Gross profit for the first quarter of 2011 totaled $3.8 million or approximately $800,000 above the gross profit for the first quarter of last year. Consolidated net income for the first quarter of 2011 totaled $37,000 or $0.01 per diluted share versus last year’s figure of $63,000 or $0.02 per diluted share.Demand for Mastech’s IT staffing services remained solid in the first quarter as the company increased its billable consultant headcount by 3.5 percent and established IT branch operations in Chicago. According to Mastech, market conditions in the healthcare industry continue to show signs of improvement. It was this Continued...

iPass, Inc. (IPAS) Expands Wi-Fi Reach in India via Spectranet Partnership

Posted on 7/27/2011 @ 2:27 PM in #Stocks by Mission 0 comments

iPass, Inc., a company managing mobile connectivity for large enterprises and global service providers using mobility and cloud services, announced its expansion of Wi-Fi hotspot coverage in 10 Indian cities, including Mumbai, Delhi, Bangalore, Kolkata, Chennai, Hyderabad and throughout Delhi’s Indira Gandhi International Airport. The move comes through iPass’ partnership with Spectranet, an 11-year-old Indian pioneer broadband provider.iPass network services VP Marcio Avillez noted, “Thanks to our Spectranet partnership, iPass has extended our Wi-Fi network within strategic locations in India. Indira Gandhi International Airport is the eighth largest airport in the world with over 25 million passengers traveling each year enabling many iPass users to connect to a stable and secure network there and throughout the country.”Spectranet owns its own fiber-optic network and the deal fits nicely with iPass needs. Spectranet marketing and product development chief Sunando Bhattachary commented, “In India, the Continued...

Aastrom Biosciences Inc. (ASTM), FDA Reach Protocol Agreement for Phase 3 Clinical Trial of Multicellular Therapy

Posted on 7/26/2011 @ 3:04 PM in #Stocks by Mission 0 comments

Aastrom Biosciences Inc., leading developer of patient-specific, expanded multicellular therapies for the treatment of severe, chronic cardiovascular diseases, has reached an agreement with the U.S. Food and Drug Administration (FDA) regarding the Special Protocol Assessment (SPA) for the design of the company’s phase 3 REVIVE-CLI clinical trial of ixmyelocel-T.Ixmyelocel-T is the company’s expanded multicellular therapy, designed to treat patients with critical limb ischemia (CLI) who have no other treatment options. CLI leads to more than 160,000 limb amputations each year in the United States, making it the most severe form of peripheral artery disease. CLI is also fatal; approximately 25 percent of patients diagnosed with CLI will die within the 12 months of diagnosis, while fewer than 25 percent of patients survive more than four years following diagnosis.Aastrom’s will enroll up to 594 no-option patients at approximately 80 clinical sites across the U.S. This phase 3 clinical trial will be a randomized, Continued...

Juhl Wind Inc. (JUHL) Signs Agreement with Zinc Air to Install Environmentally Sound and Highly Flexible 1MW Storage Solution as Pilot for Future Roll Outs

Posted on 7/26/2011 @ 3:04 PM in #Stocks by Mission 0 comments

Juhl Wind, a bold and established leader in developing community based wind power projects in the US/Canada, reported today signing of a letter of intent with Montana-based sustainable/smart grid-ready energy storage solutions developer Zinc Air, Inc., for the installation of an advanced 1MW storage system at the JUHL’s Woodstock Hills wind farm.This powerful new storage system will be put to work at the Woodstock Hills wind farm near the Company’s HQ in Woodstock, Minnesota, where projections of the Zinc Air system’s optimal balance of environmental soundness and advanced technology will be thoroughly evaluated. The Zinc Air battery chemistry lowers cost by using locally abundant non-hazardous materials, resulting in a safer, simpler and more efficient solution.Chairman and CEO of JUHL, Dan Juhl, cited the core, proprietary Zinc Redox flow battery technology utilized in the new storage system, for which the Zinc Air is widely known, as being a triumph of green engineering. The solution is also extremely Continued...

Scorpex, Inc. (SRPX) Announces Additions to Board of Directors and Executive Team

Posted on 7/25/2011 @ 2:15 PM in #Stocks by Mission 0 comments

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, announced the appointment of Kenneth I. Denos to its Board of Directors, and Chene Gardner as interim Chief Financial Officer who will also serve on the Board of Directors. Furthermore, both individuals will be part of the audit committee, sharing in the responsibility of overseeing the audit preparation.Kenneth Denos brings with him extensive top management experience as he has served as the Chief Executive Officer of numerous successful companies, both public and private, including Equus Total Return, Inc., SportsNuts, Inc., MCC Global N.V., and Moore, Clayton Capital Advisors, Inc. He has also served on the Board of Directors for Secure Netwerks, Inc., Healthcare Enterprise Group PLC and Tersus Energy PLC. Currently, Mr. Denos serves as Deputy Chairman of the Board of London Pacific & Partners, Inc., in addition to working in other endeavors. He earned a Bachelor of Science Continued...

Acme United (ACU) grows Q2 U.S., Canada Sales – European Sales Slip

Posted on 7/22/2011 @ 3:26 PM in #Stocks by Mission 0 comments

Acme United Corp., a global supplier of cutting, measuring and safety products to the school, home, office, hardware and industrial markets, today posted its second-quarter results for the three months ended June 30, 2011.The company reported net sales for the quarter at $24.0 million, up 17 percent compared to $20.6 million in the comparable quarter of 2010.Second-quarter net income was $1.7 million, or $.56 per diluted share, compared to $1.5 million, or $.48 per diluted share, for the comparable period last year, an increase of 11 percent in net income and 17 percent in diluted earnings per share.Gross margins were 36.1 percent in the second quarter of 2011 compared to 36.7 percent in the comparable quarter of last year.Operating profit for the second quarter increased 26 percent to $2.4 million compared to $1.9 million for the comparable period last year.For the six-month period ended June 30, 2011, the company reported net sales for of $38.4 million, up 14 percent compared to $33.7 million in the same Continued...

Quepasa Corp. (QPSA) to Merge with myYearbook with Intention to become Public Market Leader

Posted on 7/21/2011 @ 1:41 PM in #Stocks by Mission 0 comments

Social media technology company Quepasa Corp., owner of Quepasa Games and Latino social network Quepasa.com, today announced its merger with Insider Guides Inc., DBA myYearbook, for $100 million.myYearbook is an online venue accessible on the Web or mobile device. Quepasa CEO John Abbott detailed the contributions myYearbook brings to the table, and the company’s expectations for future advances.“With this merger, we intend to create nothing less than the public market leader in social discovery,” Abbott stated in the press release. “Combination with myYearbook nearly doubles the size of Quepasa’s existing user base while positioning the new company for significantlyhigher growth in mobile and social games, advertising, and virtual currency. … We expect the scale of this combination to enable a new class of investor in Quepasa. We believe myYearbook’s proven track record in monetization and engagement will fuel significant future growth.”In 2010, myYearbook generated $23.7 million in revenue, up 53 percent Continued...

Scorpex, Inc. (SRPX) Praises US-Mexico Trucking Agreement

Posted on 7/21/2011 @ 1:40 PM in #Stocks by Mission 0 comments

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, today applauded the recent US-Mexican agreement allowing each country’s trucks to traverse the other’s highways. The agreement ends nearly two decades of quarreling between the two countries over a key provision of the 1994 NAFTA agreement.As a result of the agreement, the high tariffs imposed by Mexico on dozens of U.S. products will be suspended when full cross-border traffic begins. Allowing long-haul trucking between the U.S. and Mexico is anticipated to create additional jobs and greater opportunity for both nations. The U.S. agriculture sector alone was negatively affected by these tariffs by an estimated $153 billion.Chief Executive Officer Joseph Caywood commented, “I believe the lifting of these restrictions and tariffs carries significant weight for Scorpex. Not only does this agreement give Scorpex access to cross-border travel as necessary, it potentially feeds Continued...

Entegris Inc. (ENTG) Posts Solid Q2 Results Despite Softening Semiconductor Industry

Posted on 7/21/2011 @ 1:39 PM in #Stocks by Mission 0 comments

Entegris Inc., a provider of a range of products for the semiconductor and high-tech industries, today reported its financial results for the second quarter ended July 2, 2011.Second-quarter sales of $209.2 million represent an increase of 25 percent over the prior year. Net income was $32.5 million, or $0.24 per diluted share.On an operating basis, Entegris reported an adjusted operating margin of nearly 21 percent of sales, marking a record high for the company, which it attributes in part to improved gross margin.The company generated record cash from operations of $52 million, and ended the second quarter with cash and short-term investments of $191 million.For the first half of fiscal 2011, sales increased 26 percent to $412.3 million compared to the first half of 2010.Gideon Argov, president and CEO of Entegris, noted strong sales of specific products and said voiced his confidence that the company will overcome slack in the semiconductor industry.“We continue to execute well, achieving a record quarter Continued...

AMAG Pharmaceuticals, Inc. (AMAG) to Merge with Allos Therapeutics, Resulting Combination Projects Some $60M in Annual Cost Savings

Posted on 7/20/2011 @ 5:31 PM in #Stocks by Mission 0 comments

AMAG Pharmaceuticals, well known as the biopharmaceutical company behind the FERAHEME® injection for treating iron deficiency anemia in adult chronic kidney disease and Allos Therapeutics, developers of a revolutionary indication for relapsed or refractory peripheral T-cell lymphoma (PTCL), called FOLOTYN®, announced entry into a definitive merger agreement today.An all-stock merger with total equity value of roughly $686M will not only drive home a projected $55-60M in annual cost savings synergies (a majority of which should be realized within the first fiscal year after closing the deal), but result in a powerhouse company that will be able to punch significantly above its fighting weight.Terms of the deal, which has been approved by both company boards, will see Allos stockholders gaining 0.1282 shares of AMAG common stock for each share of Allos stock owned and will result in a balance of 61% ownership by AMAG stockholders, with Allos stockholders retaining 39% of the combined company.The new board of Continued...

International Stem Cell (ISCO) Initiates Series of Clinical Studies of Human-derived Stem Cells

Posted on 7/20/2011 @ 5:30 PM in #Stocks by Mission 0 comments

International Stem Cell Corp. today announced it has launched a series of preclinical animal studies of neuronal cells derived from ISCO’s proprietary pluripotent stem cells from unfertilized eggs, with a long-term endpoint of creating a regenerative therapy for Parkinson’s disease (PD).PD is a disease afflicting the central nervous system, with some symptoms stemming from the loss of dopaminergic neurons in the mid brain.ISCO’s approach to develop cell-based therapy for the treatment of PD is first to derive neuronal cells successfully from human parthenogenetic stem cells (hpSC). The next step is to evaluate the in vivo safety, functionality and efficacy of hpSCs.“The ability of neuronal cells to become a specific type of neuron is one of the most important properties that these cells must have to be used in cell-based therapy of neurological disorders. These studies will bring us one step closer to our goal of being able to treat PD,” Dr. Andrey Semechkin, CEO of ISCO stated in the press release.ISCO uses Continued...

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