Author Archive
ODIS Inc. Progresses Toward a POET Technology Roadmap
(Marketwire – March 28, 2012) – OPEL Technologies Inc. (TSX VENTURE:OPL)(OPELF.pk) and ODIS Inc. (collectively “OPEL” or “the Company”), a semiconductor device and process developer and, a leading global supplier of solar tracker systems and other solar related products, are pleased to announce significant progress made this quarter by ODIS Inc., a U.S. Company, regarding POET as it pertains to its advancements in Optical Interconnection of High Speed Circuits. ODIS’ recent Milestone achievements when successfully added to the POET platform under development, will make it possible for the first time to implement an optical interface as a single chip to connect existing CMOS processors.
The advancements are significant and ongoing steps in the POET technology development that have made it possible to produce a well defined military and commercial roadmap for POET.
ODIS’s optical interface chip will integrate a Laser, Optical Modulator, Modulator Driver, Detector, Receiver Amplifiers, SerDes, CDR and PLL circuits monolithically on a single chip. This breakthrough advancement utilizing III-V Gallium Arsenide technology is the first step in achieving a single device capable of interconnecting multiple processors by waveguide and/or fiber to transport ultra-high speed signals. This advancement substantially simplifies chip packaging while the optical interface chip bandwidth supports the very large data rates (>100Gb/s) for CMOS processor interconnect without the additional power otherwise required with conventional electrical i/o (input/output). The new roadmap will outline the process for speed-to-market devices, capital requirements and monetization opportunities in the commercial and defense technology markets.
The optical advancements that OPEL announces directly impact the generic optical interconnect application thus serving several of the markets that were researched in the Pellegrino & Associates valuation report dated March 2, 2011. More specifically, the valuation report provided an appraisal of POET intellectual property in the general computer market, the defense contractor market and the smartphone market. The Company will post a more in-depth summary of these recent POET accomplishments, market analysis and direction, on the OPEL Technologies and the ODIS Inc. websites.
About OPEL Technologies Inc., OPEL Solar, Inc. and ODIS Inc.
With operations in Shelton, CT and head office in Toronto, Ontario, Canada, the Company, through OPEL Solar, Inc., designs, manufactures and markets dual- and single-axis trackers and other solar related products for CPV and PV systems for energy applications worldwide. The Company, through ODIS Inc., a U.S. company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory. The Company has 36 patents issued and 14 patents pending in PV systems technologies and for its semiconductor POET process. The POET process enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and power-efficient applications in devices such as servers, tablet computers and smartphones. OPEL’s common shares trade on the TSX Venture Exchange under the symbol “OPL”. For more information about OPEL, please visit our websites at www.opelsolar.com; and www.opeltechinc.com; and for ODIS at www.odisinc.com.
Profire Energy, Inc. Announces Record Revenue Results for the 2012 Third Fiscal Quarter
Profire Energy, Inc. (OTCBB: PFIE) reported net income before income taxes for the quarter ending December 31, 2011 of $1,245,322 on total revenues of $5,068,983. By comparison, during the Company’s prior-year third fiscal quarter, it realized net income before income taxes of $846,878 on total revenues of $2,696,417. Earnings per share for the third fiscal quarter 2012 were $.02. Year-over-year revenue and net income growth were 88% and 44%, respectively.
Total revenue for the nine-month period ended December 31, 2011 was $12,275,228 compared to $5,605,063 for the comparable prior year period, a 119% increase. For the same period, net income before income taxes totaled $3,960,607 compared to $1,604,175, a 147% increase. On a per share basis the Company earned $.06 for the nine-month period December 31, 2011, a 200% increase over the nine month period ended December 31, 2010.
“Revenue results for the quarter represent the best ever for the Company. We attribute this to the expansion of our market in the United States, the growth of our sales team and the increase in general activity in energy throughout North America. We have invested heavily in personnel and facilities to accommodate this growth and will continue to do so as we seek to add value through the development and sale of our technologies,” stated Andrew Limpert, CFO of Profire Energy, Inc.
About Profire Energy, Inc.
Profire Energy, Inc. is a leading manufacturer and installer of oilfield combustion management systems and related burner products. Our products and services assist energy production companies in the safe and efficient transportation, refinement and production of oil and natural gas. The Company’s lead products are the Profire 2100 and the Profire 1100, which are burner management systems that oil and gas producers rely on to provide reliable management and ignition of combustion burners and associated vessels such as separators, dehydrators, line heaters, incinerators, etc.
To learn more about Profire Energy’s products and services, please visit www.profireenergy.com. Profire has offices in Lindon, Utah, U.S.A and Edmonton, Alberta, Canada.
Enable IPC Issues Update on Its New S/Cap RFID Tag, Upcoming RFID Products, and Phase II Proposal for the National Science Foundation’s STTR Grant
Enable IPC Corporation (Pinksheets: EIPC.PK – News) today issued an update to shareholders on initial developments of its recently launched rugged solar powered S/Cap RFID tag, upcoming additional versions of the product, and completion of the Company’s proposal for Phase II funding from the National Science Foundation’s STTR Grant.
Since the launch of the ruggedized S/Cap RFID tag in June of this year, Enable IPC has made initial, pilot sales of the tag to customers interested in testing the products within their own operations. Additionally, Enable is working to secure distribution agreements to broaden the sales channels for the S/Cap RFID tag. The Company previously announced an agreement with RFCamp Ltd., for non-exclusive rights to resell and distribute Enable IPC S/Cap RFID tags in South Korea and the Pacific Rim. Enable is negotiating agreements with other potential distributors and expects to make further announcements in the coming weeks.
In addition, product development is underway on the Company’s new on-metal and livestock versions of the S/Cap RFID tag. The on-metal version, along with the recently released S/Cap RFID Tag, is designed to target outdoor asset tracking applications where durable, long lasting tags with long read ranges would be ideal. Potential applications are expected to include oil rigs, transportation, sports, equipment tracking, aerospace, DoD compliance (the largest user of RFID) and much more.
The RFID market is forecast by IDTechEx to reach $5.84 billion in 2011 and livestock tracking is expected to become the largest segment forecasted by IDTechEx to reach nearly $6.5 billion by 2017. To address this growing market Enable is beginning product development on a livestock tracking version of the S/Cap RFID tag. The new product should allow easier and more accurate tracking of livestock and livestock products for more efficient recalls and more efficient farm management.
National Science Foundation Phase II Application Completed
SolRayo, Inc., a subsidiary of Enable IPC Corporation, recently announced completion of Phase I of its Small Business Technology Transfer (STTR) grant from the National Science Foundation (NSF). Under the $150K grant, SolRayo developed a new nanoparticulate based technology to address an issue concerning the degradation of performance of certain lithium-ion (“Li-ion”) batteries, particularly in high temperature applications. SolRayo has recently submitted its proposal for Phase II funding which, if approved, will provide an additional $500,000 of funding for two years beginning in 2012. This funding will be aimed at commercializing the technology. The Company expects to hear the results of its application by the end of 2011.
One reason for the rapid growth in portable electronics over the past few decades has been the availability of rechargeable Li-ion batteries that provide the required high gravimetric and volumetric energy densities. One of the problems with this technology, however, is the relatively high expense of cathode materials compared to other types of rechargeable batteries (like nickel cadmium and nickel metal hydride). While the Li-ion industry has grown exponentially over the past 20 years to be valued by Frost & Sullivan at approximately $8.4 billion in 2010, its growth has been mitigated by its relatively high expense. It is hoped that SolRayo’s technology could allow for lower cost cathode materials for Li-ion batteries, making Li-ion price-competitive with other battery technologies and leading to further exponential growth for the industry.
About Enable IPC Corp. (Intellectual Property Commercialization)
Enable IPC (www.enableipc.com) provides efficient, streamlined strategies for turning technologies into products and bringing them to market. The company seeks to turn technologies into products and is a transparent, fair turnkey partner for sub-licensing and joint development with other companies.
Mad Catz® Announces Inclusion in Russell Microcap® Index
SAN DIEGO–(BUSINESS WIRE)– Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today its stock was added to the Russell Microcap® Index, a subset of the Russell 3000® Index, effective after the market close on Friday, June 24, 2011.
“Mad Catz’ inclusion in the Russell Microcap Index reflects both our continued positive business momentum and tangible progress over the past year in creating enhanced shareholder value,” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “We expect this development to increase our visibility with investors and institutions, particularly those that utilize Russell indexes in their investment strategy. We welcome our new Russell Index investors and remain focused on executing our long-term strategic growth initiatives in fiscal 2012.”
The Russell 3000 index and Russell 2000® index measure the performance of the largest companies in the U.S. equity market. The Russell Microcap Index, a subset of the Russell 3000 and Russell 2000 indices, measures the performance of the microcap segment of the U.S. equity market. It includes 1,000 of the smallest securities in the small-cap Russell 2000 Index based on a combination of their market cap and current index membership as well as the next 1,000 securities. These indices are widely used by investment managers and investors for various investment strategies and provide a comprehensive benchmark for evaluating small-cap stock performance in the U.S. equity markets.
About Mad Catz
Mad Catz Interactive, Inc. (AMEX/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed primarily under its Mad Catz® (casual gaming), Cyborg™ (pro gaming), Tritton® (gaming audio), Saitek® (simulation), and Eclipse™ (home and office) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; operates a videogame content website under its GameShark® brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com.
Live TweetChat with OPELF.pk
On Wednesday April 6th, at 6:00PM PST, and every Wednesday thereafter, Solar Energy Directory (@solarenergy_dir) and PSEO, Professional Search Engine Optimization (@PSEO_Inc) will be hosting a 1-hour solar energy chat on Twitter.
This week their special guest will be Patricia Agudow, VP, OPEL Solar Inc. (OPELF.pk)
To access you will need to do the following:
1) Become a member of Twitter if you are not already. Membership is free. For support help, see Twitter basics.
2) At the specified time, enter #solarenergychat (with hashtag #) in the search window and voila, the conversation will unfold before you. If you’re not familiar with the use of hashtags see Twitter Support: What are Hashtags?
3) When posting remember to include #solarenergychat at the end of your post to insure it appears in the chat queue, otherwise we won’t see it.
4) We recommend using Tweetchat.com. Login with your Twitter account and enter solarenergychat in the hashtag box. Once you’re in you will no longer need to enter #solarenergychat into every post, Tweetchat does it for you automatically.
Q&A with International Dispensing Corp (IDC) CEO Greg Abbott
The following is a Q & A with International Dispensing Corporation (IDND.pk) CEO, Greg Abbott.
1) According to your latest Quarterly report (9/30/10), the original vision for IDC was to create and market a cost-effective dispensing system that could keep liquid contents fresh and uncontaminated through the entire dispensing cycle without refrigeration or preservatives. However now, because the company has widened its scope over the entire supply chain, your have added, “innovative, cost effective dispensing solutions in an environmentally responsible manner.” How has your dispensing solution become more environmentally responsible? Are you still keeping liquids fresh and uncontaminated through the entire dispensing cycle?
The Answer(R) tap, our core product, keeps liquids shelf-stable even after dispensing has commenced – that hasn’t changed. As for being environmentally sustainable, a couple of years ago IDC commissioned a company called Allied Development to conduct an independent life cycle analysis of a bag-in-box package with The Answer(R) versus PET bottles, milk jugs, and aseptic cartons. The study took all supply chain factors into account, from resins, to filling, to shipping of the finished product. The results showed that the bag-in-box package with The Answer(R) (Multiserve Safepak) utilized significantly less energy and greenhouse gases through all the production cycles, and took up significantly less landfill, than the other packaging formats. Also, given the fact that over half of the world’s food supply spoils or is thrown away, The Answer(R) keeps product shelf-stable and ensures 99%+ evacuation. We may have changed our mission statement a bit to be more encompassing of what we are accomplishing, but our core mission has never wavered.
2) Bric-Pak by Tetra-Pak, one of the largest packaging companies in the world also keeps perishable liquid food and beverage fresh for long periods without refrigeration. How does The Answer(R), IDC’s dispensing tap, differ itself from the Bric-Pak?
The vast majority of Tetra-paks sold around the world are one-liter and below. Tetra-Paks are essentially single-serve retail packages, because once you open them and expose the contents to air the product starts degrading and you must use it in its entirety or refrigerate. The Multiserve Safepak (bag-in-box or stand up pouch) with The Answer(R) takes the Tetra-pak concept to a larger, multiple-use format. Because The Answer(R) keeps contaminants out of the package even after dispensing has commenced, even without refrigeration, it is an ideal package for food-service. It is also ideal for retail consumers who want to purchase in bulk and save money (and help the environment). Tetra-pak is the largest packaging company in the world. IDC hopes one day to become their counterpart in bulk (2 liter and above) aseptic packaging. Both Tetra-paks and the Multiserve Safepaks are aseptic packages. Aseptic processing means flash pasteurization at ultra-high-temperatures for a very short duration. It does not overcook the product, and thus retains more vitamins and taste.
3) It is my understanding that IDC manufactures The Answer(R) in-house rather than licensing to a third party. How has this helped in getting your product to market?
IDC owns its own tooling and assembly equipment, but all production is managed by Hoffer Plastics, Inc. (South Elgin, IL). Hoffer specializes in molding and assembly and does work for a number of Fortune 500 companies. They have been a terrifically supportive manufacturing partner.
4) Are you exploring other industries than Food & Beverage? Can you name any?
We occasionally get approached by cosmetic and pharmaceutical companies and remain open to exploring opportunities as they come to us, however I feel it is in the company’s best interest to focus on what it knows best – food and beverage – and become entrenched there rather than chase other industries, especially given the challenges that every new technology has to overcome.
5) You stated in your last Quarterly report that your burn rate in 2010 was $875,000. How much of that went towards production? If production increases in 2011 will you have efficient capital to keep your factories humming or will you need to raise additional capital?
The burn rate refers entirely to overhead (salaries, patent applications and fees, testing, marketing, travel, etc.) not to production costs. As IDC’s revenue grows, we believe we can finance expansion of production capacity through internally generated profits and/or borrowing based on a major contract.
6) The Multiserve SafePak is an all-encompassing solution like the old bag-in-box concept that you see a lot with lower end wines. Can you elaborate on how the Multiserve SafePak differs from the bag-in-box concept?
The Answer(R) tap makes all the difference, it takes bag-in-box into a whole new realm of healthy, aseptically produced liquids and beverages. The Answer(R) has created the world’s first safe bulk aseptic package. The wine taps currently on the market simply evacuate product; they do not provide a barrier and therefore are not close to being aseptic. The Answer(R), which has been validated by 3 FDA processing authorities and has been written up favorably in the peer-reviewed Journal of Food Protection (March, 2008), keeps bacteria, mold, and other contaminants from entering the package after dispensing has commenced, even without refrigeration. It is a truly revolutionary and visionary product, one that has taken years to develop, validate, and commercialize.
7) Articles about The Answer have appeared in numerous trade press publications. Can you provide links so the online community may access?
a) See Page 4, Has Sunkist Found The Answer to New Launch in Bulk Packaging
b) IDC and PepsiCo Sign Agreement for The Answer
8) Do you have any intention at this time of becoming a fully reporting company and moving to the OTCBB or any other exchange?
After the passage of Sarbanes-Oxley, which made being a “fully-reporting company” prohibitively expensive for a start-up, we went to the Pink Sheets. Had we not done that, we would be spending more on accounting than our entire burn rate combined, which of course makes no sense. We have no plans at the moment to move to another exchange, as our primary focus is to build value for shareholders and not hype the stock prematurely.
9) You were named CEO in October 2010, less than six-months ago. How are you enjoying the job so far? Is Greg Wuttke still employed at IDC?
Actually I’ve been CEO for roughly 4 years, and I am really having fun because of the headway and real progress we are making. I have many years and millions of dollars personally invested, and therefore am very motivated! Greg Wuttke joined IDC full-time in April 2010 and is making a stellar contribution. Between Wuttke and our Director of Sales, Danny Beard, I believe IDC has attracted world-class and experienced personnel. Between them, IDC brings a wealth of knowledge of packaging and processing – and a lot of passion, to boot. We also have a very strong and involved board that is very supportive of management.
10) The 9/30/10 Quarterly report mentions various partners and potential customers such as Cold Star, Inc., Protica, Inc., Power Packaging, the U.S. Army, and Diversified Foods, Inc. The website mentions a strategic alliance with IDChina, a joint venture between IDC and Sinolink, in marketing The Answer™ throughout Asia. Can you comment about your relationship with these companies, are all of them still intact, are all of them moving forward? Are there any updates you can share?
Cold Star, Protica, Power Packaging, the U.S Army, and Diversified Foods remain involved with IDC – but that is by no means the complete list of customers and potential customers, which continues to grow and evolve. The Sinolink joint venture has been dead for a few years and we don’t mention it in our quarterly reports. However the company did recently announce an agreement with PepsiCo, which I mentioned previously.
We are also very involved with packaging and equipment companies to bring high-speed filling and other innovations to our space. Building IDC is more than selling our widget; it also involves creating a strong and efficient supply chain infrastructure for bag-in-box and stand up pouch packaging. Our little company is an innovation leader. However, due to confidentiality agreements as well as normal business discretion, I cannot comment specifically on things in development, some of which may have legs, some not. I understand that this can be a source of frustration to certain investors, but know that it is also frustrating to me as well. Bringing new technology into the packaging industry involves a long sales cycle, but on the other side of the coin once you’re established it is very hard for anyone to unseat you.
Thank-you Greg for taking the time in answering these questions. We look forward to your continuing progress and wish you great success.
George Pessin, Pennyheaven.com
(Full Disclosure: I am long IDND)
Destiny Media Announces Record Results for Q1
VANCOUVER, Jan. 14 /PRNewswire-FirstCall/ – Destiny Media Technologies (OTCBB: DSNY) is pleased to announce results for the quarter and period ending November 30th, 2010. Revenues of $1,056,638 are the highest in the company’s history and reflect an increase of 17% over the previous quarter and 1% over the same quarter in the prior year. International revenues grew 23% over the prior year, expressed in USD, despite an 8% decline in the Euro. North American revenues declined 7% reflecting lower paid transaction volumes by two of the four major labels.
Net income of $72,680 declined from $322,680 in the prior quarter, as a result of a 27% increase in operating expenditures. The majority of this increase was associated with non-recurring costs associated with a new TSX stock exchange listing, an increase in legal fees because of a trial which occurred during the quarter, and unfavorable exchange fluctuations.
Company CFO, Fred Vandenberg comments “In 2011 we expect to capitalize on the investments we made in 2010 which include the integration of our patent pending watermarking technology into the industry’s anti piracy web crawler and the ongoing development of the ability to deliver music directly into RCS’s global network of radio scheduling systems, first announced in December 2009. We have observed continual growth in Play MPE® revenue over the past 4 years and believe we can continue this trend in the immediate future.”
Pennyheaven Top Picks 2011
No Super 7 this year just my top three picks.
Prices reflect close of business 12/31/10.
Best of Luck and Wishing All of You a Very Happy and Prosperous New Year
1) International Dispensing Corporation IDND.PK .45
IDC is a research and development company that develops and manufactures cutting-edge dispensing solutions, and provides expert supply chain and consulting services, to the food-and-beverage and packaging industries. Its flagship product, The Answer® tap, enables aseptic liquid product to be dispensed from a flexible package over time without compromising the safety of the remaining contents, even without refrigeration.
For more information about IDC, please visit http://www.idcdispensing.com
Latest Quarterly Report: 9/30/2010
Latest News: IDC and PepsiCo Sign Agreement for The Answer
2) Vitro Diagnostics VODG .15
Vitro Diagnostics, Inc., dba Vitro Biopharma owns U.S. patents for production of a fertility drug, immortalization of pituitary cells, and a cell line that produces beta islets for use in treatment of diabetes. Vitro’s mission is “Harnessing the Power of Cells™” for the advancement of regenerative medicine to its full potential. Vitro also owns pending U.S. patents for stem cell therapy of cancer, generation of pluripotent stem cells and is continuously developing patentable cell lines and technologies. Vitro operates within a new high tech and regulatory compliant manufacturing, R&D and corporate facility in Golden, Colorado. Vitro manufactures and sells “Tools for Stem Cell and Drug Development™”, including human mesenchymal stem cells and derivatives, optimized media for sustained self-renewal, lineage-specific differentiation and products supporting induced pluripotent stem cell and cancer research. Vitro recently formed a strategic alliance with HemoGenix®, Inc. to jointly manufacture and distribute Lumenesc™ and LumiSTEM™ assays for quality and potency determination of MSCs, ESC and iPSCs.
For more information about VODG please visit http://www.vitrobiopharma.com
Latest quarterly Report: 7/31/2010
Latest News: New Results Reveal Extensive Competitive Advantages of VitroGrow™ Stem Cell Culture Media
3) WebMediaBrands Inc WEBM 1.63
WebMediaBrands Inc. is an Internet media company that provides content, education, trade shows and online job board services to media and business professionals. The Company’s online business includes: (i) mediabistro.com, a leading blog network providing content, career and educational resources about major media markets and industry verticals including new media, social media, Facebook, TV news, advertising, public relations, publishing, design and mobile; (ii) SemanticWeb.com, providing industry leading content on Semantic Web technology; (iii) Brands of the World, Ads of the World, and other related websites, providing industry leading content for creative, advertising, and design professionals; and (iv) e-commerce websites including Freelance Connect and StockLogos.com. The Company’s trade show and educational offerings include conferences, online and in-person courses, and video subscription libraries on topics covered by the Company’s online business.
Latest quarterly Report: 9/30/2010
Latest News: WebMediaBrands Inc. Announces Plan to Repurchase Shares of Its Common Stock
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Destiny Media Q2 Revenues Grow 86% Over Prior Year
VANCOUVER, British Columbia, April 14 /PRNewswire-FirstCall/ — Destiny Media Technologies (OTC Bulletin Board:DSNY.ob – News) is pleased to announce results for the quarter ended February 28, 2010. Q2 EBITDA was $193,398 on total revenue of $869,864. During the sixth month period, the company generated net income of $449,849 and EBITDA of $528,109 on revenues of $1,917,392.
The company continues to grow revenue and income through expanded use of the Play MPE® system where revenue during the quarter showed a 106% increase over the same quarter in the prior year. This growth has been seen across all segments including an increase in North American revenue of 40% and a 535% increase in international revenue. International revenue represents 41% of Play MPE® business for the quarter.
“The increase in our revenue is the result of the continued acceptance of the Play MPE® system which appears to be the system of choice in the industry. After years of developing the system and network of users, we are very encouraged by the continued increase in Play MPE® revenue. Each quarter our revenue continues to grow by approximately 100% over the previous year’s quarter. Over the past three and half years, Play MPE® revenue has grown by an average of 135% higher over the previous year’s quarter and in twelve of those quarters Play MPE® revenue has grown by at least 90%,” said CFO Fred Vandenberg.
A share repurchase program began during the quarter and to date the company has repurchased a total of approximately 520,000 shares for cancellation. In addition, the company has reduced the number of $0.22 warrants outstanding by 600,000 by way of an exchange for 336,000 shares and repurchased 150,000 options with a strike price of $.25 for payment of $30,000.
TCCO Reports Results for the First Fiscal Quarter Ended 12/26/09
Feb 5, 2010 – CONCORD, Mass.–(BUSINESS WIRE)–Technical Communications Corporation (OTC BB: TCCO.OB – News) today announced its results for the fiscal quarter ended December 26, 2009. For the first quarter of the Company’s 2010 fiscal year, the Company reported net income of $2,356,000, or $1.62 per share, on revenue of $4,764,000, as compared to net income of $206,000, or $0.14 per share, on revenue of $1,844,000 for the quarter ended December 27, 2008. Included in net income for each of the quarters ended December 26, 2009 and December 27, 2008 is $(19,000), or ($0.01) per share, respectively, in stock-based compensation expense.
