July 2011 - Page 4 of 27

ThursdayJul 28, 2011 8:14 am

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

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…

WednesdayJul 27, 2011 4:02 pm

Scorpex, Inc. (SRPX) Announces Multi-Million Dollar Equipment Contract

Today after the closing bell, Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, announced it has entered into a major agreement 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. IET's patented technology is capable of processing municipal waste, medical waste and hazardous waste simultaneously without presorting for maximum efficiency. The oxygen starved system virtually eliminates noise and noxious odors when operating while reducing waste volume by 95%. The design of the system also…

WednesdayJul 27, 2011 3:41 pm

Trius Therapeutics, Inc. (TSRX) Receives $25 Million Upfront from Bayer Healthcare for Collaboration on Antibiotic to Fight Bacterial Infectious Diseases in Emerging Markets

Trius Therapeutics, Inc., a biopharmaceutical company focused on the discovery, development and commercialization of innovative antibiotics for life-threatening infections, today announced that Bayer Healthcare will pay $25 million upfront as well as 25 percent of future development costs to develop and commercialize Trius's lead Phase 3 antibiotic, torezolid phosphate (torezolid). In addition, Trius is eligible to receive up to $69 million upon the achievement of certain development, regulatory and commercial milestones and will receive double-digit royalties on net sales of torezolid in the licensed territory. The two companies aim to get global approval for torezolid as the drug of choice…

WednesdayJul 27, 2011 3:22 pm

Sanuwave Health, Inc.’s (SNWV) dermaPACE® To Be Highlighted in CME Presentation at APMA 2011

Sanuwave Health Inc., a medical technology company, focuses on the development and commercialization of non-invasive, biological response activating devices in the regenerative medicine area for the repair and regeneration of tissue, musculoskeletal, and vascular structures. Today the company announced dermaPACE® will be highlighted in a Continuing Medical Education (CME) accredited presentation at the American Podiatric Medical Association (APMA) 2011, which is to be held July 26-28 in Boston. Podiatrists are doctors who provide treatment for conditions that affect the ankle and foot, which includes soft tissue disorders such as diabetic foot ulcers. The presentation, which is titled “Pulsed Acoustic Cellular…

WednesdayJul 27, 2011 1:25 pm

Unilife Corp.’s (UNIS) Unifill Syringe Wows Healthcare Workers

Recently, Unilife Corp. took its Unifill® prefilled safety syringe to the APIC Conference in order to give the U.S. healthcare workers in attendance a sneak preview of this revolutionary device. Unilife was honored to have Dr. Mary Foley as its special guest at APIC. During the conference, Dr. Foley met with dozens of delegates from around the U.S., collecting their thoughts on the Unifill syringe and its potential benefits to healthcare workers and patients. The feedback Unifill received at APIC was overwhelmingly positive, and included more than just a few 'Wow!', 'Very Smooth', 'Awesome', 'Perfect' and 'Cool' reactions. Unilife set…

WednesdayJul 27, 2011 1:17 pm

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

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…

WednesdayJul 27, 2011 1:14 pm

QuickLogic Corp. (QUIK) Announces First Pantech High Volume Production Order

QuickLogic Corp. announced that it has received its first “high volume production order” from Pantech Wireless, Inc., a global firm with U.S. offices in Atlanta, GA, but headquartered in S. Korea with other divisions in Japan, China, Mexico, and Italy. Pantech is a major phone instrument provider to Verizon (NYSE: VZ) and AT&T (NYSE: T), which would seem to bode well for QuickLogic. According to QuickLogic’s press release, the production order is for its VEE and DPO technologies for the new Pantech Tablet Phone dual-core Snapdragon smartphone which has been released this month in South Korea. The release also noted…

WednesdayJul 27, 2011 1:04 pm

Hudson Highland (HHGP) Posts Strong Q2 Growth across the Board

Hudson Highland Group Inc., a global provider of permanent recruitment solutions, today posted its second-quarter financial results for the three months ended June 30, 2011. The company reported revenue of $247.4 million, a 27% increase over the second quarter of 2010. Gross margin was $95.5 million, or 38.6 percent of revenue, up 28.6 percent from the same period last year. Net income was reported at $4.2 million, or $0.13 per basic and diluted share, compared with net income of $0.2 million, or $0.01 per basic and diluted share, in the second quarter of 2010. "Our team delivered solid year-over-year growth…

WednesdayJul 27, 2011 12:55 pm

US Natural Gas Corp. (UNGS) Reports on Kentucky Oil and Gas Projects

US Natural Gas Corp. issued an update to investors and shareholders on its oil and gas operations in the United States. The company is focused on various onshore plays in Kentucky and West Virginia. US Natural Gas reported that the company has closed on the acquisition of the Pine Grove project in Edmonson County, Kentucky. The project area consists of 600 acres of leasehold with 25 previously producing wells that can be brought back onto production. Other assets included in the purchase include pump jacks, collection tanks, and salt water injection wells. US Natural Gas said that the wells produced…

WednesdayJul 27, 2011 12:14 pm

Success of Airline Intelligence Systems, Inc. (ASYI) is Based on New Solution to Old Problem

The radical new business planning system for airlines, jetEngine BPS, from Toronto based Airline Intelligence Systems, Inc., represents for airlines one of the most cost effective efficiency enhancement systems available anywhere. Brand new to the marketplace, jetEngine BPS owes its existence to the founders of AI Systems, Stephen Johnston and Roy Miller. The history of its development begins with its inventor, Roy Miller. Roy Miller is a mathematician with over 30 years of experience as a senior systems architect, and a special affinity for Operations Research, an advanced mathematical approach for designing complex decision making and scheduling systems. Roy, a…

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Month: July 2011