OTCPicks.com

   
DMM Archive
STW Archive
   

Daily Market Movers 07-30-12

Header

For Monday, July 30th

CDTI, WEST, PEIX, ICNB, PSDV, ICOR

Our Stocks to Watch today include Clean Diesel Technologies Inc. (Nasdaq: CDTI), Westinghouse Solar Inc. (Nasdaq: WEST), Pacific Ethanol Inc. (Nasdaq: PEIX), Iconic Brands Inc. (OTC: ICNB), pSivida Corp. (Nasdaq: PSDV) and InterCore Energy Inc. (OTCBB: ICOR).

CLEAN DIESEL TECHNOLOGIES INCORPORATED (NASDAQ: CDTI)
"Up 37.05% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/CDTI.php

Clean Diesel is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused on the heavy duty diesel and light duty vehicle markets. Clean Diesel utilizes its proprietary patented Mixed Phase Catalyst (MPC®) technology, as well as its ARIS® selective catalytic reduction, Platinum Plus® fuel-borne catalyst, and other technologies to provide high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications. Clean Diesel is headquartered in Ventura, California and currently has operations in the U.S., Canada, U.K., France, Japan and Sweden.

CDTI News:

July 30 - Clean Diesel Technologies, Inc. Announces Honda Win

Clean Diesel Technologies, Inc. (Nasdaq: CDTI) ("Clean Diesel" or the "Company"), a cleantech emissions control company, is pleased to announce that it has begun supplying catalysts for next-generation four- and six-cylinder Honda Accord models. The Company expects to announce additional model programs in 2013 as it continues close collaboration with Honda on other high-performance six-cylinder and hybrid vehicle applications.

Clean Diesel's latest catalyst offerings to Honda leverage its proprietary breakthrough MPC© technology and include a high-performance catalyst which is designed to meet stringent California Air Resources Board ("CARB") Super Ultra Low Emissions Vehicle ("SULEV") emission standards. Clean Diesel will also supply a palladium-only ("Pd-only") catalyst that significantly reduces precious metal content when compared to competitive products that typically include more expensive and price volatile metals such as Platinum and Rhodium.

"We are proud to be Honda's catalyst supplier for the Accord — one of the best selling cars in North America — and we look forward to our catalysts being introduced on other new and exciting Honda vehicle models. Honda's confidence in our ability to consistently provide superior catalyst solutions is a clear indicator of our technology leadership. We believe that these latest product introductions highlight our strategy to grow sustainable OEM business through technological innovation which expands our footprint with existing customers and creates opportunities to selectively add new customers," said R. Craig Breese, Clean Diesel's President and Chief Executive Officer.

Clean Diesel's Catalyst Division began delivering catalysts to Honda in 2001 – offering a unique combination of high performance and low precious group metal content, resulting in significant economic benefits. Since then, Clean Diesel's catalysts have been sourced for new model programs that typically span four to five years, including the popular model years 2004 and 2008 Accord.


WESTINGHOUSE SOLAR INCORPORATED (NASDAQ: WEST)
"Up 10.49% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/WEST.php

Westinghouse Solar is a designer and manufacturer of solar power systems. In 2007, Westinghouse Solar pioneered the concept of integrating the racking, wiring and grounding directly into the solar panel. This revolutionary solar panel, originally branded "Andalay", quickly won industry acclaim. In 2009, the company again broke new ground with the first integrated AC solar panel, reducing the number of components for a rooftop solar installation by approximately 80 percent and lowering labor costs by approximately 50 percent. This first AC panel, which won the 2009 Popular Mechanics Breakthrough Award, has become the industry's most widely installed AC solar panel. Award-winning Westinghouse Solar Power Systems provide the best combination of safety, performance and reliability, while backed by the proven quality of the Westinghouse name.

WEST News:

July 17 - Comtec Distributing Selects Westinghouse Solar Panels to Expand Energy Efficiency Product Distribution Business

Westinghouse Solar Instant Connect™ Plug and Play AC Panels Are a Natural Extension for Distributors Entering Solar Business

Westinghouse Solar, Inc. (Nasdaq: WEST), a designer and manufacturer of solar power systems, today announced that Comtec Distributing has selected Westinghouse Solar as their exclusive supplier of solar power systems to support expansion of their line of energy efficiency products.

Comtec Distributing has a network of dealers serving markets in Arizona, California, Colorado, Minnesota, Nevada, New Mexico, Oregon, Utah, and Wisconsin.

"The plug-and-play simplicity of the Westinghouse Solar Instant Connect(TM) AC panels makes them the perfect solution to enable distributors to establish or grow their product line," said Gary Mull, VP of Sales and Marketing for Westinghouse Solar. "With 80% less parts compared to ordinary solar power systems, the solution is easy to sell and install, requires less training and support, and carries a trusted American brand."

"For twenty years Comtec Distributing has been distributing products that deliver energy efficiency and comfort to thousands of homeowners. The decision to add a solar division is a natural extension of our existing business. In researching the market, we quickly recognized the tremendous advantage that Westinghouse Solar Power Systems deliver. The ability to sell a differentiated product that is easy to sell, install and support, and looks great on our customer's rooftop, drove the dynamics of the business decision. Comtec Distributing is excited about the opportunity to distribute Westinghouse Solar's innovative Instant Connect integrated modular solar power system," said Frank Paolinetti, President for Comtec Distributing.

ABOUT COMTEC DISTRIBUTING

Established in 1993, Comtec Distributing serves an extensive network of retail dealers with high quality and efficient heating and cooling products serving markets in Arizona, California, Colorado, Minnesota, Nevada, New Mexico, Oregon, Utah, and Wisconsin. Realizing the importance of renewable energy, Comtec Distributing has recently added wind and solar to their existing product lines.

PACIFIC ETHANOL INCORPORATED (NASDAQ: PEIX)
"Up 9.12% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/PEIX.php

Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol's growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol's goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.

PEIX News:

July 27 - BioFuel Energy and Pacific Ethanol Continue to Battle Rising Corn Prices

The Ethanol Industry has struggled in recent weeks as the worst drought in 25 years have sent corn prices skyrocketing. Since the middle of June corn prices have soared over 60 percent, while ethanol prices have increased approximately 33 percent over the same period. Five Star Equities examines the outlook for companies in the Ethanol Industry and provides equity research on BioFuel Energy Corp. (Nasdaq: BIOF) and Pacific Ethanol Inc. (Nasdaq: PEIX).

Access to the full company reports can be found at:

www.FiveStarEquities.com/BIOF
www.FiveStarEquities.com/PEIX

The U.S. Energy Information Administration on Wednesday reported that ethanol production fell to its lowest level in two years. Despite production rates being at record lows, stockpiles of ethanol have risen to 19.6 million barrels (823 million gallons). "Ethanol has seen a huge drop in production, but yet stocks are steady," said Mike Blackford, an INTL FCStone consultant.

According to data collected from Bloomberg based on the September contracts for corn and ethanol, companies are losing 35 cents on each gallon of ethanol produced.

Five Star Equities releases regular market updates on the Ethanol Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

BioFuel Energy currently has two ethanol plants operating in the Midwestern Corn Belt. The Company's goal is to become a leading ethanol producer in the United States by acquiring, developing, owning and operating ethanol production facilities. The company is scheduled to release second quarter 2012 earnings on Thursday, August 9, 2012, after the market closes.

Pacific Ethanol is the leading producer and marketer of low-carbon renewable fuels in the Western United States. We manage and operate four ethanol production facilities located in California, Oregon and Idaho. The plants have a combined production capacity of 200 million gallons per year.


ICONIC BRANDS INCORPORATED (OTCBB: ICNB)
"Up 80.43% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/ICNB.php

Iconic Brands has historically developed, marketed and distributed high-quality branded alcoholic beverages, the company is currently evaluating several business opportunities for new product launch this year and possible business combinations. The company was founded in 1999 and is based in Lindenhurst, New York.

ICNB News:

July 27 - Iconic Brands Makes Announcement

Iconic Brands, Inc. (OTC: ICNB) (Iconic) due to numerous inquiries the company would like to clarify that it is a New York based business, the current website is www.icnb.info, the company has a history of manufacturing the highest quality celebrity branded spirits in the industry, most notable for creating and launching Limoncello by Danny Devito. The previous lines were discontinued during the economic recession. The company will be introducing new products in the third quarter and is exploring several strategic transactions. As previously announced the company is actively engaged in the process of updating all financials and expects to be completed no later than September 30th, and will be making regular updates to our shareholders.

Also in response to inquiries, an Authorized Share Report from our transfer agent confirms Authorized shares of 100,000,000, outstanding shares of 49,555,062 and a public float of 10,591,232 shares.


PSIVIDA CORPORATION (NASDAQ: PSDV)
"Up 9.78% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/PSDV.php

pSivida Corp., headquartered in Watertown, MA, develops tiny, sustained release, drug delivery products designed to deliver drugs at a controlled and steady rate for months or years. pSivida is currently focused on treatment of chronic diseases of the back of the eye utilizing its core technology systems, Durasert™ and BioSilicon™. ILUVIEN® for the treatment of Diabetic Macular Edema (DME), which is licensed to Alimera Sciences, Inc., is pSivida’s most advanced product candidate. It has received marketing authorization for chronic DME considered insufficiently responsive to available therapies in the UK, Austria, France and Portugal following a positive review by Austria, France, German, Italy, Portugal, Spain and the UK under the Decentralized Procedure. Marketing authorization in the remaining countries is anticipated in the coming months. An investigator-sponsored clinical trial is ongoing for an injectable, bioerodible insert to treat glaucoma and ocular hypertension. pSivida’s two FDA-approved products, Retisert® and Vitrasert®, are implants that provide long-term, sustained drug delivery to treat two other chronic diseases of the retina.

PSDV News:

July 30 - pSivida Corp. Announces Tech Evaluation Agreement for Tethadur™ Protein/Antibody Delivery System with Leading Biopharmaceutical Company

pSivida Corp. (Nasdaq: PSDV), a leader in developing sustained release, drug delivery products for treatment of back-of-the-eye diseases, today announced that it has signed a funded technology evaluation agreement with a leading global biopharmaceutical company to evaluate pSivida’s Tethadur™ protein/antibody delivery technology in the field of ophthalmology.

Tethadur™ is an application of pSivida’s BioSilicon™ technology platform designed to provide sustained delivery of large biologic molecules, including proteins, antibodies and peptides. Tethadur utilizes an injectable, bioerodible, nanostructured, porous BioSilicon material for drug delivery. The sizes of the pores in the BioSilicon material are manufactured using nanotechnology to accommodate specific protein, peptide or antibody molecules that are then released on a sustained basis over time as the material bioerodes.

“This is our first commercial agreement for Tethadur, based on BioSilicon, our second key technology platform, following our three approved products utilizing our Durasert ™ technology platform. We are very pleased to be entering into this evaluation agreement with a global leader in the field,” said Dr. Paul Ashton, President and CEO of pSivida Corp. “A sustained delivery system for these types of molecules would offer a significant clinical advance in the ophthalmic area where injections of protein based drugs into the eye every one or two months are sometimes required.”

pSivida has developed three of the four sustained release devices for retinal diseases that have been approved in either the US or Europe, the most recent being ILUVIEN®, partnered with Alimera and approved in multiple EU countries. Independently, pSivida is developing an injectable, sustained release product to treat uveitis affecting the back of the eye (posterior uveitis) and an injectable, bioerodible product to treat glaucoma and ocular hypertension in collaboration with Pfizer.


INTERCORE ENERGY INCORPORATED (OTCBB: ICOR)
"Up 33.33% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/ICOR.php

InterCore Energy, Inc. is a public company that, in addition to managing its own operating entities, plans to participate in emerging companies in the energy sector that are run by exceptionally talented entrepreneurs and operating executives who are dedicated to creating positive change in our world. InterCore functions as an owner, product developer, and investor focused primarily on providing equity, acquisition debt, or bridge financing to emerging high-growth companies and entrepreneurs in the area of clean energy.

ICOR News:

July 23 - InterCore Energy Formalizes Management Incentives

Warrant Packages Intended to Incentivize Management to Grow Company

InterCore Energy, Inc. (OTCBB: ICOR) announced that on Friday, July 20, 2012, its Board of Directors adopted a resolution granting warrants to the Company's senior management team.

The structure of the warrant packages is consistent with one of the basic operating principles of ICOR: that management's rewards would be linked to ICOR's financial performance.  The intention has always been that management would have performance-linked incentives that places the management team and the Company's investors on the same side of the table.

Thus, the warrants granted to management have two major elements that are consistent with the stated philosophy – they are all currently "out of the money" and none vest earlier than February 1, 2013.

"I'm pleased that the Board has formalized management incentives that offer future compensation that is related directly to the Company's stock price over time.  I welcome the opportunity to build InterCore Energy into an enterprise with significant value that should provide a superior return to its shareholders while simultaneously offering management an opportunity to benefit from the results of such growth," said James F. Groelinger, CEO of InterCore Energy.  "I believe there are remarkable operating and investment opportunities that can provide robust financial rewards for our Company and our shareholders while enhancing the domestic energy environment."


 

Sign Up Today - It's FREE!

Clicky Web Analytics