Blog - Page 3124 of 5580

ThursdayApr 05, 2012 9:18 am

VirtualScopics, Inc. (VSCP) Accepts Investment in New Business Venture from the Merck Global Health Innovation Fund

VirtualScopics, a leading provider of quantitative imaging, today announced they have finalized the initial closing in their sale of a new series of convertible preferred stock to the Merck Global Health Innovation Fund. The stock will be purchased for $3 million, with an additional $3 million investment contingent on the achievement of certain milestones. This sale is a portion of a larger investment to deliver funding for VirtualScopics’ efforts to grow its quantitative imaging technology into new markets, such as personalized medicine. VirtualScopics’ existing model employs its quantitative imaging technology for the characterization of structural and functional information, facilitating early…

ThursdayApr 05, 2012 8:38 am

TiVUS, Inc. (TIVU) Appoints Steven D. Truckenmiller Executive VP

Today before the opening bell, TiVUS announced it has named Steven D. Truckenmiller as executive vice-president (EVP) of channel partners. "I am pleased Mr. Steve Truckenmiller has joined TiVUS' management," stated Shiva Prakash, TiVUS' chief executive officer. "Steve is a 25-year veteran of LodgeNet Interactive Corp. (NASDAQ: LNET), and brings a wealth of knowledge, experience, and industry relationships to TiVUS. We, of course, believe his unparalleled pedigree will be of enormous value in steering a course for our continued growth. "As EVP of channel partners, Steve will be responsible for developing industry sales and distribution channels, effectively creating a complete…

ThursdayApr 05, 2012 8:25 am

ProGaming Platforms Corp. (PPTF) Announces Finalization of New Multiplayer Rewards-Based Puzzle Game

ProGaming Platforms Corp., developer of a commercial multiplayer online gaming and reward processing platform, today announced the finalizing of its latest product, a pioneering multiplayer puzzle game that is integrating ProGaming's revolutionary platform. The game showcases the company’s capability to transform virtually any Web game into a multiplayer competitive game of skill using its versatile platform. A demonstration of ProGaming's new puzzle game can be seen on the Company's product Web site at the following link: www.progamingcorp.info The focus of the platform will first be on serving the online advertising industry by allowing different organizations to hold multiplayer tournaments for…

WednesdayApr 04, 2012 3:01 pm

Socket Mobile, Inc. (SCKT) Celebrates 20 Years of Industry Leadership and Innovation

Mobile productivity solutions company Socket Mobile celebrates its 20th anniversary this year. Since 1992, the company has specialized in building an extensive suite of portable computing, data collection, and remote networking hardware that has helped industries across the globe – including healthcare, hospitality, and retail – meet the demands of an ever-growing mobile workforce – at the same time eliminating manual processes and maximizing efficiency in critical business applications. Known as Socket Communications at its inception, the company began with a vision of a mobile workforce that could collect, access, and communicate data in any mobile work environment. Since those…

WednesdayApr 04, 2012 2:57 pm

Xtreme Oil & Gas, Inc. (XTOG) Releases Oil and Gas Update

Xtreme Oil & Gas updated investors and shareholders on the company’s recent oil and gas exploration and development activities in the United States. The company reported the successful completion of a saltwater disposal well on its acreage in Oklahoma. The well was drilled to a depth of 6,500 feet into the Arbuckle formation and has a total capacity of 150 million barrels of saltwater. Xtreme Oil & Gas plans to charge disposal fees to operators utilizing the saltwater disposal well and earn additional revenue from crude oil residue contained in the disposed fluid. The company estimates that this disposal well…

WednesdayApr 04, 2012 1:43 pm

Teletouch Communications, Inc. (TLLE) Subsidiary Inks Distribution Deal with Monster Digital

Teletouch Communications, a wireless telecommunications provider, today announced that it has signed a distribution agreement with Monster Digital®, an innovator and developer of advanced memory storage solutions. Per the agreement, Teletouch’s wholly owned subsidiary, Progressive Concepts Inc. dba PCI Wholesale (PCIW), will be the exclusive U.S. authorized distributor for the entire suite of Monster Digital’s SD and MicroSD memory cards. Monster Digital President Mike Ridling said the agreement strengthens the company’s strategy to extend its reach into the rapidly growing wireless industry, and noted the evolution of mobile phone functionality. “We are pleased to announce our distribution partnership with PCI…

WednesdayApr 04, 2012 1:41 pm

Iteris, Inc. (ITI) Awarded $12.4M Contract from the Research and Innovative Technology Administration

Iteris Inc., provider of traffic management solutions, today announced it has been awarded the prime contract from the Research and Innovative Technology Administration (RITA) for the National Intelligent Transportation Systems (ITS) Architecture Evolution and Support Program. The five-year award, expected to begin this month, has a ceiling valued at $12.4 million for the duration of the contract. Today’s announced contract is an extension of the relationship, calling for a two-year base period valued at approximately $4.9 million, as well as three one-year options that would extend through 2017. If all options are exercised, the total potential value of the contract…

WednesdayApr 04, 2012 12:34 pm

CAS Medical Systems, Inc. (CASM) Announces Publication of Study in Major Medical Journal

CAS Medical Systems is a leading developer and manufacturer of medical devices for non-invasive patient monitoring. The company's FORE-SIGHT Absolute Cerebral Oximeter is the only cerebral oximeter available with FDA clearance for non-invasive, continuous measurement of absolute cerebral tissue oxygen saturation for patients of all types. The company announced today the publication of a study illustrating the unique and valuable characteristics that its FORE-SIGHT oximeter offers for the evaluation of patients with congestive heart failure and related conditions. The paper was published in the March/April 2012 issue of Congestive Heart Failure Journal and is titled “Initial Description of Cerebral Oximetry…

WednesdayApr 04, 2012 10:15 am

Viking Systems, Inc. (VKNG) 3DHD Laparoscopic Visualization System Chosen By Baptist Beaumont Hospital for New Integrated Operating Rooms

Viking Systems, a leading worldwide developer, manufacturer, and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, announced today that is will be integrating its 3DHD Vision System into Baptist Beaumont Hospital’s new pair of integrated three dimensional operating rooms in Beaumont, TX. Jed Kennedy, President and CEO of Viking Systems, said, "For years laparoscopic surgeons have been performing surgery in two dimensions while 3D visualization technology was being developed and refined. More recently, laparoscopic surgeons were introduced to 3DHD vision through robotic surgical systems. Now the same quality 3D visualization is available in a stand-alone system…

WednesdayApr 04, 2012 10:14 am

EnteroMedics, Inc. (ETRM) Announces First Commercial Shipment of Maestro Rechargeable System for Proprietary VBLOC Weight Loss Therapy

EnteroMedics announced it has completed the first commercial shipment of the Maestro Rechargeable (RC) System to Device Technologies Pty Ltd., its distribution partner in Australia. This marks a significant milestone for the company, supporting its evolution to a commercial enterprise and its goal of delivering safe, effective, and sustainable weight-loss treatments to patients across the globe. The Maestro RC System delivers VBLOC vagal blocking therapy, which is a first-in-class weight loss treatment that controls both hunger and fullness by blocking the primary nerve regulating the digestive system. VBLOC is designed to be a safer, less invasive treatment for obesity that…

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