Blog - Page 3799 of 5384

TuesdayAug 25, 2009 8:25 am

Osteologix, Inc. (OLGX.OB) Receives Positive Patent Decision for Key Osteoporosis Drug in Japan

Osteologix, Inc., a specialty biopharmaceutical company committed to improving the health of those afflicted with musculoskeletal diseases, yesterday announced that the company has been informed that a positive decision was made in Japan to grant a patent for a key osteoporosis drug. The Japan Patent Office (JPO) has issued Osteologix, Inc. a decision to grant a patent for application number 2006-504379: “Treating Cartilage/Bone Conditions with Water-Soluble Strontium Salts.” The patent is for NB S101 (strontium malonate), the company’s lead osteoporosis drug candidate. Osteologix expects that the patent will be issued by the end of 2009 with a 20-year term that…

TuesdayAug 25, 2009 8:21 am

Gen2Media Corp. (GTWO.OB) Gets 920% Boost in Online Visitors, Hits 5 Million Viewership Mark

Gen2Media Corp., a full-service digital media, technology and marketing company, today gave an update on the impressive growth and demographic of its online audience. The company announced that its video network has topped more than 5 million Internet visitors, up 920 percent from 500,000 in January of 2009. Gen2Media launched its video publishing solution in 2008, and has attracted a growing portfolio of major U.S. media and enterprise companies seeking ways to provide additional depth and quality to their online audiences. The integration of Gen2Media’s patent pending publishing platform also offers its clients leveraged advertising and enhanced online viewing. "We…

TuesdayAug 25, 2009 8:19 am

Uranium Energy Corp. (UEC) Makes Progress on Uranium Mine

Uranium Energy Corp. announced that its partner on the New Mexico Uranium mine has exercised its option to begin drilling at two areas at the site. Uram Limited has filed for exploration permits with the regulatory authorities on the Grants Ridge Uranium Project located 70 miles west of Albuquerque. Uranium Energy Corp. is targeting the Armijo and F33 zones, two areas that have produced Uranium previously. Uram Limited is obligated to pay for the exploration and development of the mines up to the completion of a feasibility study. The Grants Ridge Project is 5,620 acres in size and is targeting…

TuesdayAug 25, 2009 8:16 am

Vimicro International Corp. (VIMC) Reports Net Loss; Solid Balance Sheet

Vimicro International Corporation reported a second quarter GAAP net loss of $8.2 million, or $0.24, per American Depository Share (ADS). Each ADS represents four ordinary shares. The quarter was impacted by a onetime expense of $5.7 million in share based compensation. Although the company reported a loss in the quarter, revenue was $18.7 million, up sequentially from the first quarter and within the guidance range of $18-19 million. The company set guidance for the third quarter of $18-20 million. Dr. John Deng, the CEO of Vimicro International Corporation said, “Looking forward, we remain focused on gaining more market share in…

MondayAug 24, 2009 4:31 pm

Iteris, Inc. (ITI) Signs Contract with Los Angeles Department of Public Works

Iteris, Inc., leader in traffic management advanced technology, recently announced that it has signed a contract with the Los Angeles County Department of Public Works for the second phase of the El Segundo Advanced Traveler Information project. The contract, valued at $3.5 million, starts this month. It is expected to span a period of four years and will include deployment, operations, and maintenance. Iteris’s project aims to provide commuters who work near the Los Angeles International Airport area with up-to-the minute traffic information to ease employee commute trips. The Phase 1 project results in the deployment of a highly successful…

MondayAug 24, 2009 3:42 pm

BrainStorm Cell Therapeutics, Inc. (BCLI.OB) Receives Funding for ALS Research

Today, leading developer of adult stem cell technologies BrainStorm Cell Therapeutics Inc. announced that it has secured the necessary funding to complete pre-clinical trials for treatments of ALS (Amyotrophic Lateral Sclerosis, also known as Lou Gehrig’s disease). The funding includes a prestigious grant from the Israeli government’s Office of the Chief Scientist (OCS) as well as a private investment. CEO of BrainStorm, Rami Efrati, stated, “We are very gratified to receive these financial votes of confidence in our breakthrough stem cell technology. The new funding will enable us to complete our pre-clinical studies in ALS and meet our goal of…

MondayAug 24, 2009 12:58 pm

FormCap (FRMC.PK) Due Diligence Completed on the Frio Draw Prospect

FORMCAP CORP (PINKSHEETS:FRMC) announced today that it has completed its Due Diligence of the Frio Draw Prospect located in Curry County, New Mexico. FormCap's management team and consultants completed a thorough review of all legal, technical and geological information available on the Frio Draw Prospect. All of the mineral leases, which make up the prospect, have been properly recorded and the lease bonus payments, all of which are for a five year term, have been verified. A drill site visit was conducted, meetings were held with the Driller, Landsat Data Consultant and the Geologist responsible for generating the prospect. "We…

MondayAug 24, 2009 11:59 am

Capstone Turbine Corp. (CPST) Lands Big South American Order

Capstone Turbine Corp., the world’s leading producer of microturbines for localized generation of electricity, today announced an order for three of their large C800 microturbines, capable of generating 800 Kw of electrical power, for use with a major wastewater treatment facility in Brazil. The total order is valued at over $2 million and represents the company’s first sale of the C800 in South America. The order comes from Fluxo Servicios de Petroleo, Capstone’s distributor in Brazil. It is for a wastewater treatment plant serving millions of residents in two cities. The plant treats 4,500 liters of sewage per second, and…

MondayAug 24, 2009 11:56 am

New Energy Technologies Inc. (NENE.OB) Has a Successful Prototype Energy Harvester

New Energy Technologies Inc. is a developer of next generation alternative and renewable energy technologies. One of the technologies that the company is developing is called MotionPower, a roadway system for generating electricity by capturing the kinetic energy produced by moving vehicles. New Energy Technologies announced today successful completion of its first-ever MotionPower prototype energy harvester for heavy trucks and vehicles to be installed at such locations as truck stops, weigh scales, commercial ports of entry, and shipping sites. This newly developed technology complements the company's previously prototyped MotionPower system for cars and light trucks. MotionPower technology is a roadway-based…

MondayAug 24, 2009 11:22 am

Solanex Management Inc. (SLNX.OB) Up 90% on Above Average Volume

Solanex Management’s shares are currently trading at $0.19, up 90%, on more than 140,000 traded shares. With a daily average of 1,300 traded shares, the stock is trading far above its typical volume and its only noon! In most recent news, the company announced that it has entered into a Letter of Intent to acquire certain sales, marketing and distribution rights to a Waste to Energy technology from Alten Power Corporation. The due diligence period is to conclude on or before October 21, 2009. As term of the agreement, Solanex would acquire any and all rights to projects that have…

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