Blog - Page 4011 of 5596

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…

MondayAug 24, 2009 11:02 am

Competitive Technologies, Inc. (CTT) Therapy Device to Treat Patients at University of Miami

Competitive Technologies, Inc. announced that the University of Miami Pain Management Center will be using its pain therapy medical device to treat patients. The initiative is under the direction of Dr. Salahadin Abdi, MD, PhD, Professor and Chief, University of Miami Pain Management Center, and Dr. David A. Lubarsky, MD, Professor and Chairman of the Department of Anesthesiology, Perioperative Medicine and Pain Management at the University of Miami School of Medicine. "This non-invasive pain therapy medical device treats pain without the harmful side effects of narcotic painkillers," said John B. Nano, CTT's Chairman, President and CEO. "Cleared for use by…

MondayAug 24, 2009 10:54 am

Applied Nanotech Holdings, Inc. (APNT.OB) Establishes Business Development Advisory Committee

Applied Nanotech Holdings, Inc. this morning announced the formation of a special advisory committee to the Board of Directors that will assist in formulating and implementing business development activities. This new committee will be headed by Director Paul Rocheleau and will also include board member Clint Everton and members of management. In the near future, the company plans to add other qualified outsiders. "We have a greater breadth of technology and more opportunities than at any time in the history of the company," stated Doug Baker, Chief Executive Officer of APNT. "The most important thing that we can do now…

MondayAug 24, 2009 10:51 am

Insight Management Corp. (ISIM.OB) Stays the Course to Meet its Growth Objectives

Insight Management Corp. today gave investors additional details regarding its near-term growth strategy. Now that the company has established a solid foothold in the natural gas pipeline services industry, it anticipates meaningful growth through the acquisition of other complementary oil and gas enterprises that offer greater diversity in revenue streams. Insight Management is currently focused on finding suitable candidates in the $15 million to $25 million revenue range that will be accretive to the company's capital structure. Meanwhile, revenues of its wholly owned subsidiary, Rebel Testing, Inc. (RTI), are expected to grow organically as demand for natural gas pipeline and…

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