MultiCell Technologies Inc. (MCET) vaults on patent grant
Posted on: May 31st, 2011Written by:
MultiCell Technologies Inc. (OTCBB: MCET) rocketed higher in price by 373.9% to 2.18 cents shortly before Tuesday’s close, on word the company had been granted a stem cell patent. Volume for the stock was 461.8 million shares.
The company, based out of Woonsocket, Rhode Island, announced the issuance of U.S. patent 7,935,528 by the United States Patent and Trademark Office (USPTO) relating to the isolation and use of human liver stem cells to treat liver disease.Under the terms of its license agreement with Rhode Island Hospital, MultiCell Technologies is the worldwide exclusive licensee of U.S. patent 7,935,528.
The patent describes methods to isolate and use human liver stem cells to treat degenerative liver diseases, or inherited deficiencies of liver function. Patients who suffer from severe, irreversible liver disease for which other medical and surgical treatments have failed are often candidates for a liver transplant. Liver stem cells which differentiate into functional mature hepatocytes could help to reconstitute a diseased liver, and may be an alternative approach to whole organ transplants for certain liver diseases.
CEO Gerald Newmin, noted, “We are pleased the USPTO has agreed that our liver stem cells are indeed novel and may lead to important therapeutic applications. Our efforts to better understand liver stem cell biology, and the role these cells play in chronic liver disease and primary hepatocellular carcinoma, is a major focus of the Company.”
MultiCell Technologies, Inc. is a clinical-stage biopharmaceutical company developing novel therapeutics and discovery tools that address unmet medical needs for the treatment of neurological disorders, hepatic disease and cancer.
CopyTele, Inc. (COPY) shares jump on AU deal
Posted on: May 31st, 2011Written by:
CopyTele, Inc. (OTCBB:COPY) shares jumped 76 percent to 44 cents Tuesday morning, on news the Company will be signing two licence agreements with AU Optronics Corp. (NYSE:AUO) to produce and market CopyTele’s E-Paper(R) and Nano Display technologies. CopyTele dealt in more than 452,000 as noon ET approached Tuesday, trampling over an all-day average of 88,000.
Under the agreements, AUO will pay CopyTele aggregate license fees of $10 million, $3 million payable as an initial fee and $7 million upon completion of certain conditions for the respective technologies.
CopyTele CEO Denis A. Krusos, commented, “We are pleased to have an agreement with AUO, one of the world’s leaders in flat-panel displays. With the addition of AUO, CopyTele has the opportunity to bring its display technologies into all phases of the world-wide display marketplace.”
The company’s advanced E-Paper® electrophoretic display technology utilizes specially coated particles in combination with a unique type of pixel structure to create an image. This new technology is applicable for electronic books and other low-power applications.
AUO is a global leader of thin film transistor liquid crystal display panels (TFT-LCD). AUO is able to provide customers with a full range of panel sizes and comprehensive applications, offering TFT-LCD panels in sizes ranging from 1.2 inches to greater than 71 inches.
NeoMedia Technologies (NEOM) patent upheld, stock leaps
Posted on: May 26th, 2011Written by:
NeoMedia Technologies Inc (OTCBB: NEOM) shares hiked 233.3% Thursday afternoon to five cents, after one of the firm’s patents was reaffirmed by the government. Volume for the stock was 22.3 million shares, triumphing over a daily average of 537,344.
The Atlanta-based NeoMedia announced today that the United States Patent and Trademark Office (PTO) has ruled in favor of NeoMedia in the second re-examination of its US Patent 6,199,048, ‘System And Method For Automatic Access Of A Remote Computer Over A Network’. All 89 existing claims, as well as six newly added claims, of the Barcode Lookup Patent have been confirmed as being patentable by the PTO.
The PTO’s decision, which marks the final chapter in a lengthy process following a successful first reexamination proceeding that ended in confirmation of the patent in 2009, provides tremendous opportunities for companies in the mobile marketing and advertising space, allowing them to quickly implement new applications and services.
Said NeoMedia CEO Laura Marriott, “We are delighted the PTO has again confirmed the strength of the ‘048 patent in the face of another third-party challenge to its validity. This ruling allows us to realize the potential of our efforts and innovations, further strengthening our partnerships.”
NeoMedia Technologies, Inc. is the global market leader in 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem worldwide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of practical and engaging applications including consumer oriented advertising, mobile ticketing and couponing, and business-to-business commercial track and trace solutions.
Sky Harvest Windpower Corp (SKYH) harvests higher stock price on hiring consultant
Posted on: May 26th, 2011Written by:
Sky Harvest Windpower Corporation (OTCBB: SKYH) shares galloped ahead 83.3% to 55 cents on hiring a new acquisition consultant. Volume for the stock was a scant 1,000 shares.
The Vancouver-based company says Kyle Loney will be responsible for analyzing potential project acquisitions in the renewable energy sector and providing recommendations to the Board of Directors based on his capital budgeting assessments.
Mr. Loney holds an Economics degree from Union College in New York and is certified as a Project Management Professional by the Project Management Institute. Mr. Loney was a founding partner and currently acts as Vice-President of Business Operations for the Ecogen Group of Companies, which aids clients with solar power project development. Ecogen’s projects to date have involved over $300 million in capital costs.
Management was not available for comment, but noted that Sky Harvest has agreed to grant incentive stock options to Loney whereby he can acquire up to 200,000 shares of its common stock for $0.25 each, for a period of five years.
Sky Harvest Windpower Corp. is involved in development stage wind power projects located in southwest Saskatchewan. Wind speed and environmental data relating to the Company’s leased properties indicates that the properties host a strong and consistent wind resource that warrants the erection of wind power generation facilities with the potential to generate up to 350 MW of electricity.
Drinks Americas Holdings (DKAM) spikes on distribution deal
Posted on: May 25th, 2011Written by:
Drinks Americas Holdings, Ltd. (OTCBB:DKAM) shares leaped 22.7% Wednesday to 27-100ths of a cent, on word its Rheingold Beer will be sold in Maryland by Wantz Distributors. Volume for the stock was 14.1 million shares, compared to a daily average of 2.2 million.
The Connecticut-based beverage retailer added that Wantz Distributors operates just outside Hagerstown in a state of the art facility and distributes to Garrett, Allegany, Washington, Frederick and Carroll counties in Maryland.
Rheingold Beer National Sales Manager Joe Belli said, “Wantz Distributors is an outstanding addition to our Rheingold network. Austin McGuire leads a team of enthusiastic professionals who are sure to bring excitement to Rheingold in Maryland.”
Additionally, a total of nearly 5,000 cases of Rheingold Beer will have been shipped to Texas with an additional container now having been ordered by Ben E. Keith Company of Dallas. Rheingold Beer started shipping to Texas in April.
Drinks Americas launched Rheingold Beer in September 2010, and the brand is now being sold in New York, New Jersey, Connecticut, Pennsylvania, Georgia, Ohio, Kentucky, Maryland, Michigan, Florida and Texas with additional states slated to open up over the summer months.
Hunt Global Resources Inc. (HGCO) vaults in price on completion major purchase
Posted on: May 25th, 2011Written by:
Hunt Global Resources Inc. (OTCBB:HGCO) shares surged 12.2% Wednesday morning to $2.30, on word of a potentially lucrative new purchase. Volume was a fairly quiet 2,935 shares, catching up on a daily average of 8,916.
The natural resources up-and-comer announced today that it has entered into an agreement to acquire the mining rights to over 400 acres of land containing an estimated 100 million tons of Northern White frac-sand.
The transaction will be completed based on typical due diligence that includes approvals by regulatory agencies, further testing of the sand deposits and final negotiations of the terms of the lease.
“We’re extremely excited about the opportunity to mine this property,” said Hunt CEO George T. Sharp. “Northern White frac-sand is considered the premier sand in the industry; it is also becoming extremely scarce, especially in large quantities such as contained on this property.
“Currently, the demand for high-quality frac-sand far exceeds the supplies that are available. Moreover, the increased number of oil and gas wells that are projected to be drilled in the ‘shale’ formations during the next five years should continue to widen the gap between supply and demand, causing frac sand prices to continue to escalate,” Mr. Sharp continued.
Houston-based Hunt Global Resources, Inc. is a natural resource company focusing on specialty sands called “frac” sand, which is an essential component in the production of oil and gas.
