Blog - Page 4128 of 5478

ThursdayNov 06, 2008 5:08 am

Luna Innovations Inc. (LUNA) Posts Increases in 3rd Quarter Revenue and Gross Profit

Luna Innovations Incorporated, a Roanoke, Virginia based research, development, and marketer of precision testing, measurement, sensing, and healthcare products, reported positive third quarter financial results yesterday. Quarterly revenue reached $10.7 million. The increase resulted in part from a 20% increase from 2007 in product and license revenue. Gross profit hit $4.3 million for the quarter in comparison to $3.5 million for the same period in 2007, an increase of 21%. Along with the increase in product and license revenue, the improved results were based on a 3% decrease in operating expenses. These expenses for the third quarter of 2008 were…

WednesdayNov 05, 2008 2:10 pm

CleanTech Biofuels, Inc. (CLTH.OB) Recognizes Missouri for Meeting Mandatory Renewable Portfolio Standards

Today after the closing bell, CleanTech Biofuels gave special recognition to Missouri for adopting Proposition C, Renewable Portfolio Standards, which requires the state's three large investor-owned utilities to generate 15 percent of their electricity from renewable sources by 2021. With Missouri now onboard, over half the U.S. States have adopted Renewable Portfolio Standards. The approval of this initiative tightens the voluntary standards that the Missouri legislature passed last year. The previous legislature only obligated companies to make "good-faith efforts" to reach a goal of 11 percent renewables by 2020. The overwhelming support behind this initiative demonstrates the voting public’s strong…

WednesdayNov 05, 2008 2:00 pm

OpenTV Corp. (OPTV) Has Launched Its Ad Management System in Two More Comcast Spotlight Markets

OpenTV Corp. (NASDAQ: OPTV) announced that OpenTV EclipsePlus, its newest advertising campaign management solution, has launched in two additional Comcast Spotlight markets. “Managing increasingly complex ad buys requires robust solutions that streamline processes and make the job easier for our ad sales teams,” said Steve Feingold, senior VP of Operations and Strategic Planning at Comcast Spotlight. “We’ve found those capabilities in EclipsePlus and we look forward to rolling out the platform in additional markets.” OpenTV EclipsePlus is designed to handle 1,000s of local and interconnect networks and run multiple Designated Market Areas within a single database through an automated scheduling…

WednesdayNov 05, 2008 12:29 pm

US Geothermal, Inc. (AMEX:HTM) To Hold Conference Call to Discuss 2nd Quarter Financials

US Geothermal is an energy company currently engaged in the development of geothermal power plants in Raft River, Idaho, and San Emidio, Nevada. The company uses geothermal energy to produce electricity. The Raft River project was recently awarded a $9 million energy grant from the United States Department of Energy. Geothermal energy is a prolific source of clean, renewable energy, and the plants that harness it can be run emission-free 24 hours a day. It is for this reason, that it is a rapidly expanding sector of energy, valued as a $1.5 billion industry. Demand for sustainable, environmentally-friendly energy sources…

WednesdayNov 05, 2008 12:28 pm

Warren Buffett for Treasury Secretary?

Investors are now eagerly anticipating Obama's cabinet selections with many hoping that billionaire investor Warren Buffett, known as The Oracle of Omaha, will be instated as Secretary of the Treasury. Both candidates had expressed a desire to consider Buffett for the key position. Buffett has refused to comment on the potentiality of the appointment, and many believe that he could refuse the position as well, if asked. Nonetheless, someone as fiscally-savvy as Buffett could certainly inspire confidence in the American people, something of which this country is in need of. Let us hear your thoughts below:

WednesdayNov 05, 2008 12:27 pm

Stocks Down in First Post-Election Session

In the shadow of a looming recession, and with many people questioning Barack Obama's ability to properly handle an impossibly delicate financial situation, American stocks lost ground on Wednesday, with world markets following suit. Trading on Wednesday mirrored a 300-point spike on Tuesday, with the Dow falling sharply, and lending credence to expectations of continued volatility in financial markets. Let us hear your thoughts below:

WednesdayNov 05, 2008 12:26 pm

Obama Victorious – Attention Now Turns to Economy

President-elect Barack Obama, starting in January, most certainly has his work cut out for him. With experts calling good economic news between now and then unlikely, it will fall upon his shoulders to deliver this country from turmoil. He will be inaugurated in the wake of the worst financial crisis in seven decades, and in the midst of a housing slump that just won't seem to go away. In the meantime, the government plans to execute the sale of $55 billion in bonds, as well as bringing back its three-year notes in a massive borrowing effort to cover extreme financial…

WednesdayNov 05, 2008 12:25 pm

Lake Victoria Mining Company, Inc. (LVCA.OB) Receives Encouraging Assays from Gold Project

Lake Victoria Mining Company, Inc. (OTCBB: LVCA) recently received significant and encouraging assay results from soil samples collected at the Kalemela gold project, located 125 kilometers east of Mwanza in northern Tanzania. Preliminary results collected from over 1,500 soil samples continue to support earlier reports of anomalous gold within the approximately 70.7 square kilometers Kalemela exploration license. Previously reported, the anomalous area covers about 2km X 6km, as recent assays from soil samples have values that contain up to 1.6 grams/metric ton of gold. In order to confirm these initial results, the company will be conducting an additional assay from…

WednesdayNov 05, 2008 11:59 am

Hydrogenics Corp. (HYGS) Sees Sixth Consecutive Quarter Of Revenue Growth

Hydrogenics Corporation, leading producer of hydrogen generation and fuel cell related products and services, has reported dramatic increases in third quarter and year-to-date revenues, due largely to increased interest in backup power sources and renewable energy storage applications. Quarterly revenues jumped 53%, representing the sixth consecutive quarter of revenue growth for the company, excluding the Test Systems business unit, resulting in a 59% increase in year-to-date revenues. In addition, cash operating costs declined 35% for the quarter, contributing to a 66% decrease in cash utilization for the nine months ending September 30. Hydrogenics President and CEO, Daryl Wilson, said, “We…

WednesdayNov 05, 2008 11:57 am

Airspan Networks, Inc. (AIRN) Improves Per Share Performance In Face Of Global Credit Crisis

Airspan Networks, Inc., global supplier of broadband wireless access solutions, continues to face down the worldwide credit crisis through creative and aggressive strategies to cap or reduce costs. Successful achievement of targeted cost reductions, coupled with an increase in outstanding shares, has resulted in an improvement in per share performance, supporting Airspan’s ongoing drive to profitability. Though still in negative territory, the company’s third quarter per share loss was cut from .24 in 2007 to .13 in 2008, on sales of $17.8 million. Total operating expenses were reduced from the second quarter 2008 by 14%. Airspan’s President and CEO, Eric…

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