September 2008 - Page 20 of 61

SaturdaySep 20, 2008 6:08 am

Tower Semiconductor Ltd. (TSEM) Merges with Jazz Technologies, Creates More Diverse Specialty Foundry

Tower Semiconductor Ltd. (NASDAQ: TSEM) ended the week on a high note by announcing its merger with Jazz Technologies. The merger means the new company, Jazz Semiconductor, is created as a wholly-owned subsidiary of Tower Semiconductor. Tower is a specialty wafer foundry, while Jazz is a well-known specialist in Analog-Intensive Mixed-Signal Foundry solutions. “We expect the merger of the two companies to provide expanded opportunities for growth based on the significant cross-selling opportunities and the broader, more complete product, technology, and service portfolio we are now able to offer to customers,” said Tower CEO Russell Ellwanger. “[We expect] significant improvements…

FridaySep 19, 2008 7:46 pm

Under Armour, Inc. (UA) Signs Five-Year Agreement with The University of Maryland

Under Armour, Inc. (UA) was founded in 1996 by former University of Maryland football player Kevin Plank. The company is the originator of performance apparel engineered to remain lightweight and keep athletes cool and dry throughout the course of a game, practice or workout. With retailers across the U.S., Canada, the U.K., Ireland and Australia, the company offers a diverse assortment of apparel for men, women and youth. The company recently announced that it will become the exclusive official outfitter of The University of Maryland (UM) Department of Athletics effective January 1, 2009. The five-year, $17.5M agreement gives Under Armour…

FridaySep 19, 2008 12:37 pm

Axcess International Inc. (AXSI.OB) Technology Provides Miner Protection; Will Showcase Technology at MINExpo International 2008

Axcess International Inc. (OTCBB: AXSI) provides wireless intelligence through real-time business activity monitoring solutions. The company today announced it will use its long-range Micro-Wireless IDs on 30 West Virginia mines to allow the mine operators to act in accordance with new safety regulations imposed by the Miner Act of 2006, which requires wireless two-way communications and tracking systems that will allow personnel on the surface to locate persons trapped underground. Axcess’ technology uses ultra-small, low-cost devices to locally transmit information on assets, personnel and vehicles. In this case, it will be attached to the miners in several ways, including being…

FridaySep 19, 2008 12:35 pm

8×8 Inc. (EGHT) Gets Best of Show for Innovative Communication Technology

8x8 Inc. (Nasdaq: EGHT) provides voice, video and mobile communications solutions under the Packet8 brand name. These solutions use existing broadband Internet connections and cellular networks to deliver low-cost, advanced features and digital-quality phone service for business and other enterprises. The company recently unveiled its Packet8/Microsoft Response Point small business phone solution at Technology Marketing Corporation's INTERNET TELEPHONY conference and EXPO West 2008. The conference is set to highlight innovative products and solutions and the companies that strive to separate themselves from the rest of their respective markets. The technology was well received, earning the company the ITEXPO "Best of…

FridaySep 19, 2008 12:31 pm

Hybrid Technologies, Inc. (HYBR.OB) Makes Impression on Fox and NBC News Affiliates through NASA Launchfest Participation in Maryland

Hybrid Technologies reports it created quite an impression on NBC and Fox affiliates at this year’s NASA Launchfest event. The day-long festivities featured the company's unique variety of lithium-powered, zero-emission vehicles, including the LiVTM WISE, RUSH and RYDER, all of which the company displayed with pride. Hybrid Technologies has had a long-standing relationship with NASA, which uses several of their vehicles for testing and has also provided valuable performance feedback to the company. Vehicles previously selected by NASA for use in the NASA KSC fleet include the Hybrid PT Cruiser, the Lithium Smart Car, and a high-performance lithium ion-powered all-terrain…

FridaySep 19, 2008 11:47 am

ZAP (ZAAP.OB) Electric Car Sets Sales Record in August

ZAP, a groundbreaker in electric transportation, announced that a growth in demand has resulted in unaudited, record-breaking August sales of $737,000, an increase of $345,000, or 88 percent, from August a year ago. The sales occurred in ZAP's Advanced Technology Vehicle division, and CEO Steve Schneider cited high gas prices and lack of electric vehicle competition for driving sales figures to new heights. Currently, ZAP has delivered more than 100,000 electric and advanced-technology vehicles to more than 75 countries. ZAP was founded in 1994 as Zap Power Systems, which was later simplified to ZAP in 2001. It has two primary…

FridaySep 19, 2008 11:13 am

Performance Health Technologies, Inc. (PFMH.OB) Rises 16.22% During Friday’s Trading

PFMH.OB is currently trading up 16.22% from yesterday's close on over 19,000 traded shares. In recent news, the company announced that it has signed an agreement that will improve the usability and design of its next-generation Core:Tx(R) rehabilitation device, a computer-based program that uses wireless motion-sensing technology to restore normal movement in patients with neuromuscular impairments. Commenting on the agreement, CEO Robert Prunetti stated, "The market for consumer-electronic-based therapeutic and well-being products is expected to grow by 20 percent per year, reaching about $4 billion worldwide by 2010. We are committed to continue innovating to meet this demand through the…

FridaySep 19, 2008 10:58 am

Driver Passport, Inc. (DPSS) Moves to Acquire Building System Patent

Driver Passport, Inc. (DPSS.OB) announced that it has entered into a Letter of Intent to acquire the patent for the proprietary Inca Block Construction System™ (IBCS). IBCS is a revolutionary pre-fabricated building kit, containing all the necessary building modules for the efficient construction of inexpensive buildings. IBCS provides a unique solution to the increasing global need for efficient, low-cost housing in underdeveloped countries, as well as for emergency housing in all countries. The IBCS system uses inexpensive interlocking concrete blocks, pre-fitted with electrical and plumbing outlets, window molding and sills, and even roofing structures. The blocks are pre-faced, and are…

FridaySep 19, 2008 10:57 am

Sunwin International Neutraceuticals, Inc. (SUWN) First Quarter Revenue Explodes

Sunwin International Neutraceuticals, Inc. (SUWN.OB), the $20+ million Chinese natural medicine and herb producer, reported Friday a Q1 (fiscal 2009) revenue increase of 48%, to $6.2 million. Sunwin’s herbal and medicinal products are largely blended with other products at the wholesale level, and marketed in China and Japan. Sunwin produces over 120 Chinese herbs, along with a variety of natural additives for animal feed. Perhaps their biggest potential market, however, is in the natural sweetener Stevia (Stevioside), produced from the leaves of the Stevia Rebaudiana plant, a bushy member of the Chrysanthemum family. The plant was successfully introduced to China…

FridaySep 19, 2008 10:33 am

Retailers Facing Long Road to Recovery

Despite a massive surge in stock prices due to the government plan to bolster a floundering economy, Friday saw the value of many retail stocks fall. Randal Konik, an analyst with Jefferies & Co. warned of a turbulent recovery period ahead for apparel retailers. According to Mr. Konik, investors should "expect significant stock volatility through year-end with a downward bias, while meaningful sector improvement is likely more than 12 months away." Let us hear your thoughts below:

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Month: September 2008