News Archives - Page 1544 of 1547

TuesdayOct 04, 2016 12:36 pm

Netlist, Inc. (NLST) Pursues Importation Ban on SK Hynix, Inc. via ITC Investigation

Netlist, Inc. (NASDAQ: NLST) this morning announced that the U.S. International Trade Commission (ITC) is investigating the unfair trade practices of SK Hynix, Inc. related to its importation, sale for importation, and/or sale after importation of RDIMM and LRDIMM enterprise memory products. The investigation seeks to determine whether these SK hynix products should be banned from importation into the United States by reason of infringement of six Netlist patents. ITC investigations proceed on an expedited basis, commonly progressing to trial within a year. To view the full press release, visit: http://nnw.fm/Uz2u8 About Netlist, Inc. Netlist creates solutions that accelerate turning…

TuesdayOct 04, 2016 12:34 pm

Cellectar Biosciences, Inc. (CLRB) Granted Patent Allowance for CLR 1603

Cellectar Biosciences (NASDAQ: CLRB), an oncology-focused clinical stage biotech company, this morning announced that it has received from the U.S. Patent and Trademark Office (“USPTO”) a formal patent allowance for CLR 1603, which covers method of use for the treatment of a variety of solid tumors and associated cancer stem cells using the company’s phospholipid drug conjugate (“PDC”) delivery platform technology with paclitaxel. The USPTO patent allowance covers method of use for breast, pancreatic, lung, colorectal and prostate cancers. The company expects the full patent to be granted by the end of 2016. Cellectar earlier this year received patent allowance…

TuesdayOct 04, 2016 11:27 am

Growblox Sciences, Inc. (GBLX) Acquires Two Licenses to Support Medical Cannabis Cultivation and Production

Growblox Sciences (OTCQB: GBLX) this morning reported its acquisition of two additional Medical Marijuana Establishment ("MME") licenses in Clark County, Nevada. To acquire the licenses, Growblox formed GB Sciences Las Vegas, LLC, for which Growblox will be the owner/operator and own 60% of the entity with the option to own up to 80%. The production license allows Growblox to convert plants to oil, which can be used to make personal vaporizer pens, gel caps, edibles, beauty aids, cosmetics, pure botanicals, extracts, and other products. The cultivation license expands Growblox’s current Nevada cultivation capacity, which at full production can currently support 4,000…

MondayOct 03, 2016 12:49 pm

FTE Networks, Inc. (FTNW) Guides for $55M in Revenues on Strong Project Pipeline

FTE Networks (OTCQX: FTNW) this morning provided 12-month revenue guidance and pegged its current contract pipeline at approximately $166 million. The network infrastructure solutions provider said it expects the contracted projects – awarded during the first nine months of 2016 - to generate in excess of $55 million in annualized revenue from 2017 to 2019. "We will continue to see a ramp up in revenues as we head into 2017 and beyond as our new management team works on a number of new higher margin initiatives such as Compute-to-the-Edge which is the next wave of telecom. We are currently engaged…

MondayOct 03, 2016 11:05 am

Health Advance, Inc. (HADV) to acquire Web Domain DiscountSeniorSupply.com

Health Advance (OTC: HADV) has signed a definitive agreement to acquire web domain www.discountseniorsupply.com and license the interspire e-commerce shopping cart and supplier relationships, as well as a team in India that would manage the e-commerce web business and provide customer support along with marketing reports and updates. Per the agreement, Health Advance will issue 400,000 shares of its common stock and a one-time cash payment of $10,000 representing the total purchase price of DiscountSeniorSupply. The acquisition is expected to close on or before October 31, 2016. To view the full press release, visit: http://nnw.fm/6XtB1 About Health Advance, Inc. Health Advance…

FridaySep 30, 2016 12:49 pm

Ballard Power Systems (BLDP) Deploys Largest Installment of Fuel Cell Buses in China’s History

Ballard Power Systems (NASDAQ: BLDP) today announced the commissioning and deployment of 12 fuel cell-powered buses in the District of Sanshui, in the City of Foshan, in the Province of Guangdong, China. These initial buses will be operated by Foshan Sanshui Guohong Public Transit Co. Ltd. "In September 2015 we announced the planned deployment of 300 fuel cell-powered buses in Foshan/Yunfu. Our program consortium has made considerable progress over the past year, including localization of Ballard-designed fuel cell engines, establishment of a fuel cell bus manufacturing facility, local procurement activities, development of systems integration capabilities, national permitting of a fuel…

FridaySep 30, 2016 12:47 pm

Amyris, Inc. (AMRS) Strengthens Stance in Global Nutraceuticals Market with Collaboration, Partner Funding of $30M

Amyris (NASDAQ: AMRS), an industrial bioscience company, this morning reported that it has expanded its previously announced partnership with a global nutraceuticals market leader in a deal that extends Amyris’ expected revenue and includes the addition of a new nutraceutical target, a credit line of up to $25 million with a five-year maturity, and an option for a $5-million strategic investment from one of the world’s leading nutraceuticals manufacturers. As part of the initial agreement, Amyris has already started large shipments of farnesene; the partner is nearing completion of a dedicated manufacturing facility to convert Amyris’ farnesene and expand volume…

FridaySep 30, 2016 12:43 pm

Active Power (ACPW) Signs Asset Purchase Agreement with Langley Holdings PLC

Active Power (NASDAQ: ACPW) has signed an Asset Purchase Agreement (APA) with Langley Holdings PLC in which Langley will acquire the assets and operations of the flywheel energy storage products and modular infrastructure solutions (MIS) manufacturer. Langley is a UK-based, privately owned engineering and industrial group with principal operating divisions located in Germany and France and more than 80 subsidiaries worldwide. The addition of Active Power’s flywheel UPS technology to its portfolio is expected to strengthen Langley’s market position and create more compelling alternatives to traditional UPS offerings for mission critical applications.” Langley says it plans to keep Active Power’s…

ThursdaySep 29, 2016 1:03 pm

Cellectar Biosciences (CLRB) Reports Positive Data from Phase 1 Orphan Drug Study, Moves to Dose Escalation

Oncology-focused biotech Cellectar Biosciences (NASDAQ: CLRB) reports an “outstanding safety profile” from the second cohort of patients enrolled in its orphan-drug designated phase I study of CLR 131 in patients with relapsed or refractory multiple myeloma. Based on these positive results, the study’s Data Monitoring Committee approved patient enrollment to the third cohort, which will include a 33% dose increase from the previous cohort. In the multi-center, open label phase I dose escalation study, CLR 131 is administered as a single dose, 30-minute infusion. The primary study objective is to characterize the safety and tolerability of CLR 131 in patients…

WednesdaySep 28, 2016 1:37 pm

Staffing 360 Solutions, Inc. (STAF) Reaffirms Fiscal Q1 Revenue, announces Record Adjusted EBITDA

Staffing 360 Solutions (NASDAQ: STAF) this morning reported its unaudited financial results for the fiscal Q1 ended August 31, 2016, including record revenue and adjusted EBITDA levels. For fiscal Q1 2017, the company expects revenue of $47 million, a 30% increase over $36 million in Q1 2016; gross profit of $8.4 million, a 33% increase over $6.3 million in Q1 2016; net loss of $1.3 million, a 23% improvement compared to $1.7 million in Q1 2016; and adjusted EBITDA of $1.7 million, a 180% increase over $0.6 million in Q1 2016. Staffing 360 expects to announce its financial results for…

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