OPTT, GNOM, NXOI, IMDS, RITT, MIKP
Our Stocks to Watch today include Ocean Power Technologies Inc. (Nasdaq: OPTT), Complete Genomics Inc. (Nasdaq: GNOM), Next 1 Interactive Inc. (OTCBB: NXOI), Imaging Diagnostic Systems, Inc. (OTCBB: IMDS), RiT Technologies Ltd. (NASDAQ: RITT) and Mike the Pike Productions Inc. (OTC: MIKP).
OCEAN POWER TECHNOLOGIES INCORPORATED (NASDAQ: OPTT)
"Up 72.16% on Wednesday"
Detailed Quote: www.otcpicks.com/quotes/OPTT.php
Ocean Power Technologies, Inc. (OPTT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable and clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy and participates in an estimated $150 billion annual power generation equipment market. OPT's proprietary PowerBuoy® system is based on modular, ocean-going buoys that capture and convert predictable wave energy into clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from 15 years of in-ocean experience. OPT is headquartered in Pennington, New Jersey, USA with an office in Warwick, UK.
July 9 - Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project in Australia
Ocean Power Technologies, Inc. (Nasdaq: OPTT), a leading wave energy technology company, and Lockheed Martin (LMT) have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a grant from the Commonwealth of Australia.
For the project, Lockheed Martin will assist with the design of Ocean Power Technologies' (OPT) PowerBuoy® technology, lead the production and system integration of the wave-energy converters and support overall program management. Lockheed Martin and OPT have been collaborating since 2004, first on the development of an Advanced Deployable System for the U.S. Navy and most recently to design and launch utility-scale wave energy converters off the coast of Reedsport, Oregon.
"Lockheed Martin is applying its expertise to commercialize promising, emerging alternative energy technologies," said Dan Heller, vice president of new ventures for Lockheed Martin's Mission Systems & Sensors business. "We see great potential in harnessing the vast power of the ocean. By working with OPT and Australian industry on this project, we will advance wave energy in Australia and globally."
According to the World Energy Council, wave energy has the potential to produce around 2,000 terawatt hours of electricity a year, or enough power to meet 10 percent of the world's current energy needs. In Australia, which has very attractive wave resources, this percentage could be significantly higher.
Charles F. Dunleavy, Chief Executive Officer of OPT, said, "Lockheed Martin's commitment to alternative energy and its engineering, production, and systems integration expertise will provide momentum to our Australia initiatives, where both companies see great potential for large-scale wave energy generation. We also appreciate the Commonwealth government's continued support of this project, which we expect to create a significant number of local jobs as we develop and maintain operations over the life of the power station."
Funding for the project, which is to be located off the coast of Portland, Victoria, also includes a previously announced grant of A$66.5 million ($65.3 million USD) from the Commonwealth of Australia's Department of Resources, Energy and Tourism. A Funding Deed sets out the terms of the grant, including the requirement to obtain significant additional project financing.
The project is to be developed by a special purpose Australian company, Victorian Wave Partners Pty Ltd, currently owned by Ocean Power Technologies (Australasia) Pty Ltd. The partners are assessing financing opportunities for the project and pursuing power purchase agreements with local industry and utilities.
ABOUT LOCKHEED MARTIN
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion.
COMPLETE GENOMICS INCORPORATED (NASDAQ: GNOM)
"Up 43.63% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/GNOM.php
Through its pioneering sequencing-as-a-service model, Complete Genomics provides the most accurate whole human genomes generally available today. The ease of use and power of Complete's advanced informatics and analysis systems provide genomic information needed to better understand the prevention, diagnosis, and treatment of diseases.
July 11 - Complete Genomics Announces New Technology Developed to Set Standard for Clinical-Grade Genomes
Long Fragment Read Technology Described in Nature Paper Provides Much Higher Accuracy Sequencing
Complete Genomics, Inc. (Nasdaq: GNOM) announced that its Long Fragment Read (LFR) technology for whole genome sequencing dramatically improves accuracy, enables fully-phased genomes, and significantly reduces the amount of DNA required for testing. Complete's LFR technology should accelerate the use of whole genome sequencing by physicians to diagnose and treat their patients.
"We expect the introduction of this technological breakthrough to accelerate the move of whole genome sequencing into patient care, which in turn will begin to change the face of medicine," said Dr. Clifford Reid, Complete Genomics' chairman, president and CEO.
"The Nature paper by Peters et al. describes how our LFR technology uses 'barcoded' DNA to generate whole genome sequencing with approximately one error in 10 million base pairs, or just 600 errors in an entire human genome," said Dr. Rade Drmanac, the company's chief scientific officer and inventor of the LFR technology. "This represents a 10-fold increase in accuracy for Complete and is unmatched by any high-sensitivity method currently available."
Until now, determining whether two disease-associated variants were on the same or different parental chromosomes was either impossible or required expensive, low-throughput technologies -- an approach often infeasible in a clinical environment. Complete's new LFR technology not only enables an accurate identification of mutations, but includes phasing that shows which mutations are in fact together on the same parental chromosome. Through phasing, a physician can determine whether a patient with two pathogenic variants in a gene including its regulatory regions is affected or merely a carrier of the trait. In addition, Complete's LFR technology provides, for the first time, accurate whole-genome sequencing from as few as 10 to 20 cells (only 100 picograms of DNA), making it an ideal choice for small sample clinical sequencing applications including circulating tumor cells, fine needle aspirations, and pre-implantation genetic diagnostics.
"In the not-too-distant future, failure to use phasing when providing genomic diagnoses in patient care will be seen as unacceptably inaccurate," said Dr. George Church, professor of genetics at Harvard Medical School and director of PersonalGenomes.org. "I also suspect that LFR will reveal surprising things we didn't know were missing because we didn't have a tool to see them."
The U.S. Patent and Trademark Office has already issued Complete Genomics two separate patents on LFR technology, and additional patent applications, including miniaturization using nanodrops, are pending. Complete Genomics plans to incorporate the new technology into its sequencing offerings in early 2013.
NEXT 1 INTERACTIVE INCORPORATED (OTCBB: NXOI)
"Up 73.33% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/NXOI.php
Next One Interactive, Inc. (NXOI) is a multi-faceted media company specializing in Travel and Real Estate. Next One plans the delivery of targeted content via multiple digital platforms including Satellite, Cable, Broadcast, Broadband and mobile. In today's digital market Next One Interactive delivers information and entertainment to consumers. The company business plan calls for multiple revenue streams from real estate and travel content delivery including transactional commissions, referral fees, advertising and sponsorship. The multiple revenue streams and integrated media platforms allow for the delivery of measurable return on investment to its advertisers, sponsors and business partners.
June 11 - Next One Moves To Reposition Real Estate Division For Growth Through An Asset Exchange
Next 1 Interactive, Inc. (OTCBB: NXOI) announced that Webdigs, Inc. ("Webdigs") has completed the necessary audit, filings and structuring necessary to allow it to again become a fully reporting public company, meeting all SEC requirements as well as all requirements of OTCQB status.
With the recently filings by Webdigs on June 5th, the path has been cleared for Next 1 to proceed with its previously announced plan to shift all real estate related assets from Next 1 Realty to Webdigs in exchange for a newly issued Convertible Preferred shares that initially gives the company a controlling interest in Webdigs. Webdigs was founded in 2007 and has developed and acquired real estate websites & technology including a licensed real estate brokerage division with more than 30 years of experience and affiliations in 19 states.
When the transaction is completed the new publicly traded vehicle will be a singularly focused real estate Media and Marketing Company. It will control all operating real estate agreements of Next 1 Realty, the real estate related Video on Demand (VOD) Network and corresponding websites, the Home Preview Channel assets, Next 1's minority share ownership of RealBiz Media, and certain film and distribution rights related to real estate programming for TV broadcasting.
Bill Kerby, CEO of Next 1 Interactive stated "recent moves to attract key new Directors, strengthen management and create strong industry alliances in both the travel and real-estate arenas have greatly enhanced the company's position. I believe this strategic move to separate Travel and Real Estate assets into two public companies will help with key expansion plans for both and better position Next One shareholders to participate from growth from both areas."
IMAGING DIAGNOSTIC SYSTEMS (OTCBB: IMDS)
"Up 54.55% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/IMDS.php
Imaging Diagnostic Systems, Inc. has developed a revolutionary new imaging device to aid in the detection and management of breast cancer. The CTLM® system is a breast imaging system that utilizes patented continuous wave laser technology and computer algorithms to create 3-D images of the breast. The procedure is non-invasive, painless, and does not expose the patient to ionizing radiation or painful breast compression. CT Laser Mammography (CTLM®) is designed to be used in conjunction with mammography. It reveals information about blood distribution in the breast and shows the process of angiogenesis, which usually accompanies tumor growth. CTLM system has received international certifications and licenses from the European CE mark, CMDCAS Canadian Health screening, China SFDA, India, UL, and ISO 13485. The Company is seeking FDA approval through the Premarket approval process.
No recent news for Imaging Diagnostic Systems, Inc. (OTCBB: IMDS).
RIT TECHNOLOGIES (NASDAQ: RITT)
"Up 56.86% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/RITT.php
RiT is a leading provider of intelligent solutions for infrastructure management, asset management, environment and security, and network utilization. RiT Enterprise solutions address datacenters, communication rooms and workspace environments, ensuring maximum utilization, reliability, decreased downtime, physical security, automated deployment, asset tracking, and troubleshooting. RiT Carrier solutions provide carriers with the full array of network mapping, testing and bandwidth qualification capabilities needed for access network installation and service provisioning. RiT's field-tested solutions are delivering value in thousands of installations for top-tier enterprises and operators throughout the world.
July 2 - RiT Technologies Announces 2012 Annual General Meeting
RiT Technologies (NASDAQ: RITT) announced that its 2012 Annual General Meeting of Shareholders will be held on Tuesday, July 24, 2012 at 10:00 a.m. (Israel time), at the offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv, Israel.
The record date for the meeting is July 4, 2012. The Company will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter. The Company will also furnish the proxy statement to the Securities and Exchange Commission (SEC) on Form 6-K.
The agenda of the annual general meeting is as follows:
1. To re-elect three (3) directors to the Board of Directors of the Company;
2. To re-elect Ms. Galia Druker as an external director;
3. To approve the re-appointment of KPMG Somech Chaikin as the Company's independent auditors for the fiscal year ending December 31, 2012; and to authorize our Board of Directors to delegate to the Audit Committee the authority to fix the remuneration of KPMG Somech Chaikin in accordance with the volume and nature of their services;
4. To approve the Technology Purchase Agreement between the Company and Quartz Ltd., an Israeli company affiliated with the Chairman of the Board of Directors of the Company;
5. To consider the audited consolidated financial statements of the Company for the year ended December 31, 2011; and
6. To transact such other business as may properly come before the Meeting or any adjournment thereof.
For additional information please refer to the above referenced Proxy Statement.
MIKE THE PIKE PRODUCTIONS INCORPORATED (OTC: MIKP)
"Up 71.43% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MIKP.php
BizRocket.com, Inc. engages in the Internet related business. It focuses on creating a social networking Website under the Kidzrocket.com name for children. The company was formerly known as Fortress Nevada, Inc. and changed its name to BizRocket.com, Inc. in June, 1999. BizRocket.com, Inc. was incorporated in 1995 and is based in Coral Springs, Florida.
July 11 - Mike The Pike Productions, Inc. Announces Material Shareholder Update
Mike the Pike Productions, Inc.’s (OTC: MIKP), an entertainment company with a focus in feature films, graphic novels and media holdings, issues the following update for shareholders in the company in a continued employment of actions toward increased shareholder value in line with company growth, including settlement of debt & liabilities, reduction of authorized and outstanding shares, finalization of feature films, sales and distribution of feature films, development of feature film and graphic novel properties. CEO/Producer, Mark B. Newbauer issues the following report on behalf of the company:
In Q2, Mike The Pike Productions launched an aggressive program to reduce debt and liabilities as well as share structure in a long-term commitment to growth and added-value for its shareholders.