WednesdaySep 02, 2009 8:56 am

OriginOil, Inc. (OOIL.OB) to Present First-Ever Algae Productivity Model at Conference

OriginOil Inc. is developing a breakthrough technology that will transform algae into a true competitor to petroleum. Algae is considered to be a very promising source of renewable oil as evidenced by Exxon's recent $600 million investment into the industry. OriginOil has announced that the company's CEO, Riggs Eckelberry, and chief scientist, Dr. Vikram Pattarkine, will present the industry's first-ever comprehensive algae productivity model to industry leaders and fellow members at the National Algae Association's quarterly conference, entitled “Algae: The New Oil”, in Houston on September 18, 2009. OriginOil's interactive model defines the raw material inputs, quantifies the efficiency of…

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WednesdaySep 02, 2009 8:45 am

Global Axcess Corp. (GAXC.OB) Secures $2.75 Million Contract

Global Axcess Corp. today announced that it has signed a five-year contract, valued at more than $550,000 per year, with a U.S. regional convenience store chain for ATMs at 52 locations. According to the terms of the contract, Global Axcess will install, maintain and conduct transaction processing for ATMs in 52 of the customer's convenience store outlets. The company anticipates delivering the ATMs to the customer this month, with full installation to be completed in October. Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "By transitioning from a processing only system to a turnkey solution managed by Global…

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WednesdaySep 02, 2009 8:24 am

Investing Into “Green” China

In the race toward a green-powered future, there is one entrant that is surprisingly among the leaders – China. China has conquered a third of the world market for solar cells. China is also racing along a course to build 100 gigawatts of wind turbines by 2020, doubling again the global capacity for wind power, across vast stretches of Inner Mongolia and Xinjiang. Whether China is going full speed ahead with their green agenda because it believes in global warming is irrelevant to investors. What investors do need to know is that China fears being caught short as the global…

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WednesdaySep 02, 2009 7:21 am

Yucheng Technologies Ltd. (YTEC) Launches FIP e-Banking Interface to Reduce Digital Identity Theft

Yucheng Technologies Ltd. provides IT services to financial service providers in China. The company yesterday announced it has put into action a Top Four bank’s e-banking VIP interface, combining heightened network security and an easy-to-use system designed to increase customer satisfaction and usage. Serving more than 25 of China’s top banks, Yucheng is looking to provide its high-net worth clients with the most effective level of online security. As the recession plows through its 21st month, global identity fraud has increased to alarming levels. The company’s goal is to reduce the risk of digital identity theft and fraudulent account access…

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WednesdaySep 02, 2009 7:19 am

China Gengsheng Minerals, Inc. (CHGS.OB) Establishes Monolithic Refractory Materials Technology Research Center Supported by Henan Province

China Gengsheng Minerals, Inc., a leading developer, manufacturer and marketer of a broad range of high-tech industrial material products in China, recently announced that the company has established a new government-supported R&D center. This new center will be housed on the premise of the company’s subsidiary, Henan Gengsheng Refractories Co., Ltd., for integrated research and development purposes in order to quickly commercialize mineral-based industrial materials. As one of the 64 key industrial engineering and technology centers designated by the Henan Provincial Government this year, the government is expected to provide grants and low-interest loans for the these institutes to develop…

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TuesdaySep 01, 2009 2:58 pm

Cavico Corp. (CAVO.OB) Signs $16 Million Contract for Tunnel Construction at Vietnamese Hydropower Plant

Cavico Corporation is a leading infrastructure development and natural resources conglomerate based in Vietnam. The company works on projects which include the construction of roads, bridges, tunnels, dams, hydropower facilities, buildings, cement plants and mines in Vietnam. Cavico announced today that its wholly-owned subsidiary, Cavico Transport Construction JSC and its joint venture partners – General Construction and Infrastructure Development Company and Song Da Corporation – have signed a construction package with Dakdrinh Hydropower Company. Cavico Transport will construct a 7.5 kilometers long and 4.5 meters wide water tunnel and also tunnel sections, numbers 3, 4 and 5. Cavico's portion of…

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TuesdaySep 01, 2009 10:23 am

Infinite Group, Inc. (IMCI.OB) Launches Cloud-Cast Division

Infinite Group, Inc. today announced the launch of Cloud-Cast, a new division focused on the growing market for cloud computing and virtualization services. To bring this new technology to the forefront, Infinite named Jason Langone to the position of division President. Langone is a noted name in the industry and gives this already impressive project a great deal of credibility. With the mission of targeting opportunities for cloud computing solutions in government and commercial markets, the Cloud-Cast division is unique in that it will offer a full range of cloud computing products and services with the initial offering to be…

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TuesdaySep 01, 2009 8:57 am

Axial Vector Energy Corp. (AXVC.PK) Joint Venture in Negotiations to License Its Innovative Technology to India

Axial Vector Energy Corp. announced this morning that its JV Company PETRO-AVEC is currently negotiating licenses that would secure rights for its oil refining technology across the entire country of India. According to the press release, government agencies for India and large multi-billion dollar privately owned refineries are all competing for the issuance of this important license. In June of this year, PETRO-AVEC officials originally presented its technical due diligence to interested parties in India. They have now been invited back to India by a number of interested parties to finalize license negotiations. The viability of removing sulphur from oil…

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MondayAug 31, 2009 8:31 pm

AuthenTec (AUTH) Announces New VP and GM for China-Based Operations; Expected to Enhance Expansion Initiatives

AuthenTec is a global provider of touch-powered technology applicable to PCs, cell phones and other devices, creating a “smart fingerprint” solution for Web sites, online social networks and digital identity. The company announced the expansion of its Shanghai operations, naming Dr. Lunji Qui as vice president and general manager of AuthenTec China, which is the base of operations for the company’s software, sales and technical support. Dr. Qui’s various notable positions with Atrua Technologies, Broadcom China, and Motorola in Singapore position him to lead all aspects of AuthenTec China, including business development, software expansion, customer support, and marketing and sales.…

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MondayAug 31, 2009 8:28 pm

China XD Plastics Company Ltd. (CXDC.OB) to Add High-End Modified Nylon Products

China XD Plastics Company Ltd., the largest developer, manufacturer and distributor of modified plastics, primarily for automotive applications in China, recently announced that the company’s wholly owned subsidiary, Harbin Xinda Macromolecule Material Company Limited, has entered into a non-exclusive agreement with Changchun Wanbofeng Plastics Company Limited (“Wanbofeng”) to distribute its newly developed carbon fiber reinforced nylon composite product. Carbon fiber reinforced nylon composite products are mainly used in auto parts and components of mid-class and luxury vehicles. Compared to traditional modified nylon, the company’s new product provides higher performance and is more than 30 percent more cost effective for consumers…

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