MondayNov 08, 2010 1:24 pm

China Hydroelectric Corp. (CHC) Signs Agreement to Purchase Hydroelectric Capacity

China Hydroelectric Corp. reported that it will pay $61.3 million for a total of 55.4 gross megawatts (MW) of installed hydroelectric generating capacity. The acquired capacity is located in Fujian province in China, and is distributed among five different plants. The names of the purchased plants, generation capacity and the percent that China Hydroelectric Corporation will own after closing is as follows: Jinwei – 16 MW – 74% Jintang – 11.6 MW – 74% Jinlong – 10 MW – 55% Qianling – 13 MW – 100% Donguan – 4.8 MW – 100% China Hydroelectric Corp. said that the acquisition agreement…

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MondayNov 08, 2010 1:21 pm

Oculus Innovative Sciences, Inc. (OCLS) Teams with Onset Therapeutics to Launch Revolutionary Dermatology Products

Oculus, www.oculusis.com – the developers of powerful tissue care solutions based on the Microcyn® Technology platform, reported entry into a definitive agreement today with specialty pharmaceutical company Onset Therapeutics. The agreement will see the two companies cooperating to strategically target the US dermatology market, utilizing OCLS’s Microcyn platform, in conjunction with Onset’s strong domestic commercial footprint to bring innovative products to an eager consumer space. Initial opportunity in skin diseases like atopic dermatitis (a type of eczema) and related conditions, will quickly accelerate momentum under the engine of Onset’s sales team. The global market for atopic dermatitis therapeutics in 2009…

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MondayNov 08, 2010 11:17 am

UV Flu Technologies Inc. (UVFT.OB) Commences Shipments of Signature Product to Europe

Located in Centerville, MA, UV Flu is an innovative manufacturer, developer and distributor of bio technology products which target the rapidly growing Indoor Air Quality (“IAQ”) industry sector. The face of UV Flu Technologies is their signature product, the VireTech UV-400 Air Purifier which utilizes high-intensity germicidal ultraviolet radiation (UV-C) inside a killing chamber that goes beyond filtration to destroy harmful airborne bacteria at rates exceeding 99.2% on a first-pass basis. Today, UV Flu took a major step towards prominence with the announcement they will begin to ship the UV-400 to its new European distributor Societe Nema Citizen of Paris,…

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MondayNov 08, 2010 9:25 am

Denison Mines Corp. (DNN) is “One to Watch”

Denison Mines Corp. is a diversified, growth-oriented, intermediate uranium producer with three active mines in the United States and an environmental services division. Denison has a global portfolio of world-class exploration projects in close proximity to the company's mill in the Athabasca Basin in Saskatchewan, including the Wheeler River project and exploration and development properties in Mongolia and Zambia which will provide future production. The company's assets include an interest in two uranium mills in North America, with its 100% ownership of the White Mesa mill in Utah and its 22.5% ownership of the McClean Lake mill in Saskatchewan. Both…

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MondayNov 08, 2010 8:50 am

First California Financial Group, Inc. (FCAL) Announces Acquisition of Western Commercial Bank (WCBH.OB)

Friday, First California Financial Group, Inc. announced that First California Bank assumed all of the deposits and substantially all of the assets of Western Commercial Bank (WCBH.OB), effective at the close of business Friday, November 5, 2010, from the Federal Deposit Insurance Corporation (FDIC) acting in their capacity as receiver of Western Commercial Bank. First California Financial Group, Inc. is the holding company of First California Bank. To protect depositors of Western Commercial Bank, the FDIC entered into a purchase and assumption agreement. Under the agreement, First California Bank assumed all deposits of Western Commercial Bank. Branches previously operated by…

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MondayNov 08, 2010 8:41 am

National Automation Services (NASV.PK) Branching Out To New Industries And Regions

Two early projects that set the stage for the diversification of the process controls and automation company National Automation Services, away from the water processing field on which they had been focused, were with Honeywell and FKI Logistex. • Honeywell Engines & Systems (Test Cell Control, Monitoring, and Reporting) NAS completed this project using Modicon Quantum PLC’s and Wonderware. The project included programming and integration of chiller control, airflow, compressors, and power monitoring for test cell simulation used in testing of aircraft components. Information from the database was totalized monthly and used to compile daily and monthly reports NAS configured…

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FridayNov 05, 2010 4:01 pm

Microvision (MVIS) Adds Motorola Technology to Current Portfolio, Extending Market Reach

Microvision Inc., a leading innovator in ultra-miniature projection display technology, today announced its purchase of a patent portfolio from Motorola Inc. subsidiary Symbol Technologies Inc., which extends Microvision’s intellectual property reach into the pico projection and display technology arenas. The company’s current projection display engine uses highly efficient laser light sources that create highly contrasted, bright images. The portfolio purchased from Symbol Technologies is the largest, broadest and earliest filed laser pico projection and display portfolio, aside from Microvision’s. The portfolio includes various applications, including automotive head-up display, 3D projection, range finding, portable media devices, image capture and laptop applications.…

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FridayNov 05, 2010 4:00 pm

Hyperdynamics (HDY) Secures $30 Million Financial Infusion

Hyperdynamics Corp., an emerging independent oil and gas exploration and production company operating exploration efforts offshore the Republic of Guinea in West Africa, today announced a private placement agreement with affiliates of one of the world’s leading investment management firms, BlackRock. Per the agreement, Hyperdynamics will sell 15 million common shares at $2 per share to BlackRock, an aggregate value of $30 million, resulting in BlackRock owning approximately 12 percent of Hyperdynamic common shares. Hyperdynamics said it will use the net proceeds from the sale to facilitate the drilling of its exploration program scheduled to start in late 2011, as…

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FridayNov 05, 2010 2:17 pm

Antigenics Inc. (AGEN) Video Chart for Friday, November 5, 2010

AGEN made a nice move off of a solid double bottom. Although it has retraced some, it is now getting support from both the 50 and 200 dma’s. We are keeping the stock on watch for a nice bounce off the moving averages. Please click the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

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FridayNov 05, 2010 1:43 pm

Westmont Resources (WMNS) Agrees to Acquire Leasehold in Pennsylvania

Westmont Resources reported that the company has signed an agreement to acquire oil and gas leasehold in the Northeastern United States. The company said that the acreage has exposure to the Marcellus Shale, an emerging and prolific source of natural gas. Westmont Resources said that the deal includes 233 acres of leasehold and eight producing wells in the southwestern part of Pennsylvania. The company estimates that the value of the potential resources and current production on the acreage is $7.2 million. Westmont Resources did not disclose the identity of the seller or the price that the company will pay. The…

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