Blog - Page 4034 of 5739

TuesdayDec 22, 2009 1:19 pm

Genoil Inc. (GNOLF.OB) Provides 2009 Shareholder Update; Announces Significant Milestones

Genoil Inc. is a Canada-based international engineering technology development company with innovative hydrocarbon, oil and water separation and maritime technologies. The company today updated its shareholders on the progress made in 2009 and announced that it has received notification from the U.S. Patent Office that it has been allowed its first patent for its sand decontamination technology. Genoil’s sand decontamination technology is designed to clean sand for use in concrete mixing, construction, and for the development of beaches. The company said it anticipates its patent will be granted by the U.S. Patent Office before March 8, 2010. In the press…

TuesdayDec 22, 2009 1:15 pm

Gulf Resources, Inc. (GFRE) Closes $25 Million Private Placement Transaction

Gulf Resources Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company and Shouguang Yuxin Chemical Industry. The company believes that it is one of the largest producers of bromine and crude salt in China. Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through its Shouguang Yuxin Chemical subsidiary, Gulf Resources manufactures specialty chemical products utilized in a variety of applications, including oil & gas field explorations and papermaking. Gulf Resources today announced that on December 22, 2009 it closed a private placement financing which was previously announced on December 11, 2009.…

TuesdayDec 22, 2009 1:13 pm

Shire plc (SHPGY) Submits License Application for REPLAGAL®

Shire plc, a global specialty biopharmaceutical company, today announced that it has submitted a Biologics License Application (BLA) with the FDA for REPLAGAL®, the company’s enzyme replacement therapy for Fabry disease. REPLAGAL first received marketing authorization in the EU in 2001, and is approved for the treatment of Fabry disease in 45 countries. Fabry disease is a rare X-linked recessive (inherited) lysosomal storage disease that can cause a wide range of systemic symptoms. The disease interferes with the body's ability to break down a specific fatty substance (globotriaosylceramide or Gb3) which accumulates within the body due to deficiency of a…

TuesdayDec 22, 2009 1:06 pm

November Existing Home Sales Soar 7.4 Percent

After surging 10% in October, sales of existing homes jumped again in November rising by 7.4%. The level of existing home sales hit the highest level since February 2007, a sign that perhaps the housing market is gaining strength. Sales are now up 46 percent from the bottom in January, but still down 10 percent from the peak more than four years ago. The surprisingly strong sales figures were spurred in large part by low interest rates and first-time home buyers looking to take advantage of the $8,000 federal tax credit. About 2 million homebuyers have taken advantage of the…

TuesdayDec 22, 2009 12:09 pm

A-Power Energy Generation Systems, Ltd. (APWR) Signs $86M Contract with Thailand’s Biomass Electricity to Construct a 150MW Biomass Plant

A-Power Energy Generation Systems, Ltd., China’s biggest distributed energy (DG) systems provider, revealed today the signing of a major DG contract with Thailand's Biomass Electricity Co., Ltd. (TBE) to construct a 150-megawatt (MW) biomass plant in Prachinburi, approximately 75 miles east of Thailand’s capital Bangkok. The Company brings its vast knowledge of DG systems engineering, as evinced by its extant projects and recent major foray into wind turbine manufacturing, to bear squarely on Thailand’s growing demand for environmentally-friendly energy. The biomass plant contract encompasses all major aspects of execution, from design to the procurement and installation of the three main…

TuesdayDec 22, 2009 10:15 am

SCI Engineered Materials, Inc. (SCIA.OB) Awarded Grant to Commercialize Products for Solar Industry

SCI Engineered Materials, Inc. announced today that it has been awarded $775,400 by the Ohio Department of Development's Ohio Third Frontier Photovoltaic Program (OTFPVP). The grant was awarded for the commercialization of advanced technology for high power density rotatable ceramic sputtering targets. These targets are used to manufacture thin film photovoltaic solar cells. The award is still subject to State of Ohio Controlling Board approval. Scott Campbell, Ph.D., Vice President of Technology, stated, "We are pleased to have been selected by Ohio's Third Frontier Photovoltaic Program to help commercialize the high power density ceramic sputtering target attachment technology that SCI…

TuesdayDec 22, 2009 9:56 am

BIO-key International, Inc. (BKYI.OB) Announces Appointment of Cecilia Welch as Chief Financial Officer

BIO-key International, Inc., a leading developer of advanced finger-based biometric identification solutions, recently announced the appointment of Cecilia Welch as the company’s vice president and chief financial officer, replacing chairman Tom Colatosti, who had been serving as the interim chief financial officer. Previously serving as BIO-key International’s corporate controller since 2007, Ms. Welch has more than 20 years of financial management experience in the technology industry. Prior to her role at BIO-key, Ms. Welch held the position of controller for other leading technology-based companies, including Savaje Technologies, Crystal Systems and ATN Microwave (acquired by Agilent Technologies). Ms. Welch earned her…

TuesdayDec 22, 2009 9:44 am

NetSol Technologies, Inc. (NTWK) Awarded Major Information Security Contract

NetSol Technologies, Inc. announced this morning at the opening bell that it has been awarded a major contract in the area of Information Security by a leading mobile telecommunications company in Pakistan. Along with additional revenues, this contract further strengthens NetSol's position as a leader in the information security services sector in Pakistan. Needing a highly scalable and high performance solution, the client selected NetSol after a meticulous selection amongst competitive vendors. According to the press release, the client chose NetSol because of its strong information security practices, technical expertise and proven track record in deploying large scale information security…

TuesdayDec 22, 2009 9:18 am

The Vision and Future of eDoorways Corp. (EDWY.PK)

eDoorways Corp. has grown almost overnight from an intriguing idea about a better way to connect consumers and vendors, to a rapidly expanding Web presence that redefines how to view the Internet. That’s because it addresses a basic need that search engines and other web-based tools do not, the need for information that is personalized, immediate, objective, and leads directly to a workable solution. The company’s first “doorway”, called SOLVE, is a prime example of this. Almost everyone has experienced the frustration of trying to use the Internet to solve even the most basic consumer problems. For example, suppose your…

TuesdayDec 22, 2009 9:14 am

Confident in Consumer Confidence?

In September 2008, the subprime mortgage crisis reached a crescendo. Several banks asked for government bailouts and loans or filed for bankruptcy. Mortgage guarantors Fannie Mae and Freddie Mac were placed in conservatorship. The Federal Reserve and central banks around the world scrambled to pump liquidity into the credit markets. To top it all off, the world’s stock markets drifted lower as the crisis unfolded. At the time, it seemed as though the sky was falling. No surprise then that the consumer confidence index (CCI) fell to what was then the lowest point recorded to that point. The October reading…

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