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TuesdayMay 27, 2008 1:35 pm

OTCPicks Featured Company: Merge Healthcare (MRGE) Enters into Securities Purchase Agreement with Merrick RIS, LLC

Merge Healthcare, Inc. (NASD: MRGE) announced that they have entered into a securities purchase agreement and additional agreements with Merrick RIS, LLC in the amount of $20 million through a private placement. Under the terms of the agreement, the company intends to sell a $15-million senior secured term note due 2010, plus 6,800,000 shares of the company's common stock as partial consideration for the term note and 14,285,715 shares of the company's common stock at a price per share of $0.35. The closing date for the private placement is on June 3, 2008, but that date may be altered upon…

TuesdayMay 27, 2008 1:33 pm

OTCPicks Featured Company: SPACEHAB, Inc. (SPAB) Receives Approval from U.S. Department of Homeland Security

SPACEHAB, Inc. (NASD: SPAB) announced that they have received a "1st Detect" receipt for their new in-house developed Miniature Spectrometer (MMS) technology from the U.S. Department of Homeland Security, as a result of the MMS technology going through a formal Developmental Testing and Evaluation (DT&E) Designation. The U.S. Department of Homeland Security instituted the designation to enhance the development of "promising anti-terrorism technologies" by providing legal liability protections under the Support Anti-terrorism by Fostering Effective Technologies Act of 2002, a.k.a. SAFETY Act. The designation letter was received April 10, 2008, and stated that "SPACEHAB, Inc.'s Miniature Mass Spectrometer is such…

TuesdayMay 27, 2008 1:31 pm

Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) Partner Awarded $17M PV Solar Module Contract

Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW) today announced its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has been awarded a $17 million contract from Sunworx GmbH, one of the leading solar system suppliers in Germany. Per the agreement, Asola will supply Sunworx with its high-efficiency silicon photovoltaic (PV) solar modules, to be delivered later this year. Reinhard Wecker, Asola’s founder and CEO, said Sunworx’s reputation in the solar industry makes it a desirable business partner. "Sunworx is notable for their innovative solutions, consistent growth and long-term business success. Asola is pleased to partner with this…

TuesdayMay 27, 2008 1:29 pm

Arotech Corp. (ARTX) Receives Second Order from the U.S. Department of Justice for its Digital Training Simulation Training Systems

Arotech Corp. develops, manufactures and markets defense and security products around the world, operating in three divisions: Training and Simulation, Armor, and Battery and Power Systems. The Training and Simulation Division (ATSD) provides the ultimate in multimedia, interactive digital training solutions for military, law enforcement, security, municipal and private industry personnel. Today Arotech announced an order for 24 of ATSD’s IES Interactive Training solutions. The U.S. Department of Justice placed its second order of the IES MILO Range simulation training systems, which it implements at its training branch headquarters for new recruits and in-service training for new and veteran agents.…

TuesdayMay 27, 2008 11:21 am

GeoEye, Inc (GEOY) – Tepid Q1 Financial Results may Hide Value

GeoEye, Inc (NASDAQ: GEOY) is the premier provider of earth imagery solutions to national security customers, resellers, and commercial and strategic partners. These customers use GeoEye products to provide military and national security analysis, urban planning, environmental monitoring (oceans, forests and other agricultural analyses), and fish and wildlife monitoring. The company provides its data through two satellites, two airplanes, and several network stations. It also boasts extensive data analysis capabilities. In early May, the company released Q1 2008 financial results and discussed them in a related conference call. While actual revenue beat estimates by around $1 M, earnings were somewhat…

TuesdayMay 27, 2008 10:06 am

Global Med Technologies, Inc. (GLOB.OB)'s Wyndgate Division Lands Critical Contract

Wyndgate Technologies®, a division of Global Med Technologies, has just signed a deal with Intermountain Healthcare to utilize Wyndgate's SafeTrace Tx® transfusion management software. While the specific details of the agreement have not been disclosed, it is said to be a multi-million dollar account. Intermountain Healthcare is Utah's most predominant healthcare provider, serving patients in 21 of the region's hospitals and employing more than 28,000 individuals. In a national study conducted annually by Modern Healthcare magazine, Intermountain has been ranked #1 for five of the last nine years. After a rigorous selection process, Intermountain opted for Wyndgate's SafeTrace Tx®, in…

TuesdayMay 27, 2008 10:05 am

China Solar & Clean Energy Solutions, Inc. (CSOL.OB) – Harnessing the Heating Energy of the Sun

Like many countries today, China has made the development of alternative energy projects a top priority. Waning global reserves have given rise to exorbitant fossil-fuel prices, making any renewable energy product or process an extremely hot commodity. One Chinese company that is taking advantage of this trend is China Solar & Clean Energy Solutions, Inc. China Solar & Clean Energy Solutions, through its subsidiaries Deli Solar (BVI) and Beijing Deli Solar Technology Development Co., designs, manufactures, and markets solar-powered hot water heaters and space-heating systems. Operations are focused primarily in China's expansive rural areas, where the nation's recent economic prosperity…

TuesdayMay 27, 2008 9:46 am

Emtec, Inc. (ETEC.OB) Makes 14th Consecutive Appearance on VARBusiness 500 List

VARBusiness, a 20 year old technology industry resource leader, and its magazine VARBusiness Magazine, has released its annual list of North America’s top 500 technology integrators. Included among the list for the 14th year is Emtec, Inc. Established in 1964, Emtec is an information technology company providing services and products to the federal, state, local, education and commercial markets. Areas of specific practices include enterprise architecture, data management, data center infrastructure, and consulting and integration services. The VARBusiness 500 ranking is based on 2007 gross worldwide revenue of hardware and software sales, as well as earnings from professional and managed…

TuesdayMay 27, 2008 9:44 am

Cavico Corporation (CVIC.OB) Awarded Dam Construction Contract

Cavico Corp announced this morning that Cavico Infrastructure, its wholly owned subsidiary, has signed an agreement to construct a rolling weir (Package DR-XL04) for Dambri hydropower plant. This new $3.12 million contract is the fifth contract between Cavico and Dambri which brings the total work at Dambri Hydropower Plant to over $37 million. Vietnam’s Dambri Hydropower plant is owned by Southern Hydropower Joint Stock Company. The agreement calls for Cavico to build a rolling weir measuring 55 meters in height, 214 meters in length, and 16.63 meters at the base with a 6.5 meter upper base. The projected is expected…

TuesdayMay 27, 2008 9:27 am

Wall Street Resources Featured Company: Ecosphere Technologies Inc. (ESPH.OB) Signs $50 Million Deal for Ramp-up of Natural Gas Drilling Water Purification System

Environmental costs are a line item that needs to addressed on every balance sheet. Any company that fails to pay attention to these costs will very quickly find itself on the receiving end of large losses and likely EPA investigations as well. Some companies, however, have been working to capitalize on green manufacturing and find that the environment is not the only beneficiary of green technology. Ecosphere Technologies Inc., a clean technologies company, offers solutions to the world’s environmental manufacturing/production companies. The company holds several patents and is currently pursuing clean water projects designed to mitigate large-scale water issues. Offering…

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