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InvestSource Inc.: PureSpectrum, Inc. has Complete Success in
Performance Test for Dimmable Linear Fluorescent Ballast Technology
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:15072008
Stocks in the News: PureSpectrum, Inc. (Other OTC: PSPM), Allegheny
Technologies Incorporated (NYSE: ATI), Boeing (NYSE: BA), Solarfun
Power Holdings Co., Ltd. (NASDAQ: SOLF), Apple Inc. (NASDAQGS: AAPL),
and Amgen (NASDAQ: AMGN)
July 14, 2008 -- PureSpectrum, Inc. (Other OTC: PSPM) has completed
performance testing on its proprietary dimming ballast technology for
linear fluorescents at the request of multiple major lighting
manufacturers, and the data generated through the independent testing
indicates the technology meets or exceeds commercial production
standards for ballasts set forth by the American National Standards
Institute, the U.S. Department of Energy's Energy Star program and the
Federal Communications Commission. The tests were conducted at
Independent Testing Laboratories, a NVLAP-certified facility in
Colorado, and the data generated reinforces PureSpectrum's position
within the lighting industry as leading innovator for dimming ballast
technology for fluorescent lighting. Test results are being packaged
and sent to all prospective licensing partners this week, and full test
results will be available at www.purespectrumlighting.com. "We
commissioned these tests at the request of several brand name lighting
manufacturers who have expressed interest in PureSpectrum's dimmable
ballast technology," said PureSpectrum president and CEO Lee Vanatta.
"The data generated met or exceeded the results these manufacturers
needed to see. The tests clearly confirm the viability of a
manufacturer being able to immediately integrate our technology into
commercial production." PureSpectrum owns several patents and patents
pending related to electronic ballast and dimming technology for both
Compact Fluorescent Light (CFL) bulbs and linear fluorescent ballasts.
The company has been engaged in ongoing discussions for the past few
months with multiple lighting manufacturers regarding licensing the
technology for integration into a commercially available product line.
PureSpectrum's unique ballast design for linear fluorescent lamps
enables full linear regressive dimming capability and approximately 75
percent fewer electronic components than conventional dimmable ballast
for linear fluorescent lamps. Vanatta said a linear fluorescent
lighting manufacturer would gain a significant competitive advantage in
the marketplace by being able to offer an affordable linear fluorescent
product.
July 14, 2008 -- Allegheny Technologies Incorporated (NYSE: ATI)
expects second quarter 2008 earnings to be in the range of $1.65 to
$1.67 per share, including a $0.11 per share one-time net tax benefit.
ATI had previously said that it expected second quarter earnings to be
somewhat higher than the $1.40 per share achieved in the first quarter
2008. "ATI is benefiting from the ongoing transformation of the
Company, and our product, market, and geographic diversification," said
L. Patrick Hassey, Chairman, President and Chief Executive Officer. "In
addition, our enterprise risk management programs are reducing the
impact of volatile input costs on our earnings results. Our
transformation and diversification strategies are designed to position
ATI for growth and improved earnings, as well as providing stability of
earnings and cash flows through market cycles." ATI will provide live
Internet listening access to its conference call with investors and
analysts scheduled for July 23, 2008 at 1 p.m. ET. The conference call
will be conducted after the Company's planned release of second quarter
2008 results. The conference call will be broadcast at
www.alleghenytechnologies.com. To access the broadcast, go to the home
page and select "Conference Call". In addition, the conference call
will be broadcast through CCBN.com. Replay of the conference call will
be available on the Allegheny Technologies website.
July 14, 2008 -- Boeing (NYSE: BA) and Etihad Airways announced an
order for 35 787-9 Dreamliners and 10 777-300ERs (Extended Range) at
the Farnborough Airshow. Valued at $9.4 billion at current list prices,
the order has been attributed on Boeing's Orders & Deliveries Web site
to an unidentified customer. "The new-generation Boeing aircraft we
have ordered are among the most fuel efficient and will help maintain
Etihad's fleet as one of the youngest and greenest in the sky," said
James Hogan, Etihad Airways' CEO. "The size of our order also mirrors
the rising prominence of the Middle East and its increasing emergence
as a new focal point of global aviation offering the fastest air links
for travelers and freight forwarders." Since beginning commercial
operations in November 2003, Etihad Airways has grown rapidly to offer
service to 45 destinations. The Abu Dhabi-based airline carried 2.8
million passengers during the first six months of 2008, compared to
nearly 2 million for the same period in 2007. "We count Etihad as an
outstanding, world-class customer, and we congratulate the airline on
its remarkable growth," said Boeing Chairman, President and CEO Jim
McNerney. "Boeing's commitment to provide the world's most
fuel-efficient airplanes is clearly demonstrated by both the 777 and
787, and we know Etihad will benefit from the reliability and
efficiency these airplanes bring to twin-aisle operations."
July 14, 2008 -- Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), an
established manufacturer of photovoltaic ("PV") cells, modules and
ingots in China, announced that one of its wholly owned subsidiaries
has entered into a 47.0 MW sales contract with Schuco International KG
("Schuco"), a leading PV system provider in Europe. Under the terms of
the agreement, Solarfun has agreed to supply a total of 47.0 MW of PV
modules to Schuco at a fixed price to be delivered according to a
binding delivery schedule from December 2008 to October 2009. The PV
modules are intended to be installed in major projects in south-east
Europe and the Middle-East. Harold Hoskens, Chief Executive Officer of
Solarfun, commented, "This is our largest project contract to date and
we are happy to have signed it with Schuco. Schuco is a leading PV
system provider in Europe and is recognized as an important player in
the growing PV market. We look forward to further developing our
relationship with them. We are also particularly happy to partner on
this project since it gives us the opportunity to diversify our
business outside of the more established markets in Europe and
introduce our PV modules in significant quantities to south-east Europe
and the Middle East, which we believe will be key markets for solar
energy in the near future."
July 14, 2008 -- Apple Inc. (NASDAQGS: AAPL) announced that iPhone(TM)
and iPod touch users have already downloaded more than 10 million
applications from its groundbreaking new App Store since its launch
late last week. Developers have created a wide array of innovative
mobile applications ranging from games to location-based social
networking to medical applications to enterprise productivity tools.
Users can wirelessly download applications directly onto their iPhone
or iPod touch* and start using them immediately. More than 800 native
applications are now available on the App Store, with more than 200
offered for free and more than 90 percent priced at less than $10. "The
App Store is a grand slam, with a staggering 10 million applications
downloaded in just three days," said Steve Jobs, Apple's CEO.
"Developers have created some extraordinary applications, and the App
Store can wirelessly deliver them to every iPhone and iPod touch user
instantly." Many of these amazing new applications take advantage of
iPhone's large display, Multi-Touch(TM) user interface, fast
hardware-accelerated 3D graphics, built-in accelerometer and
location-based technology to bring far more powerful applications to
the mobile arena than ever before.
July 14, 2008 -- Amgen (NASDAQ: AMGN) announced findings from a
three-year pivotal Phase 3 placebo-controlled trial evaluating
denosumab in the treatment of bone loss in men undergoing androgen
deprivation therapy (ADT) for non-metastatic prostate cancer. In this
study of more than 1,400 men, denosumab treatment produced
statistically significantly greater increases in bone mineral density
(BMD) at the lumbar spine (primary endpoint) and non-vertebral sites
compared with placebo at multiple time points. These improvements in
BMD were consistent with those seen in other denosumab studies
evaluating BMD in women with breast cancer receiving aromatase
inhibitor therapy, and in post-menopausal women with low bone mass.
During the 36-month evaluation period, men receiving denosumab
experienced less than half the incidence of new vertebral fractures (a
secondary endpoint) compared with those receiving placebo, a
statistically significant finding. Furthermore, in the denosumab arm
there were fewer non-vertebral fractures over the 36-month period.
Wall Street extended its slump into yet another week Monday as
investors worried that even a safety net set up for mortgage financiers
Fannie Mae and Freddie Mac wont' head off further troubles in the
financial markets. Investors' latest unease about the banking sector
comes in a week when many financial names are to issue quarterly
reports -- many of which will likely include sizable write-downs of
souring mortgage debt. The Treasury and the Federal Reserve said Sunday
they would aid Fannie Mae and Freddie Mac if needed. Wall Street has
been on edge about the well-being of the government-chartered companies
because they together hold or back $5.3 trillion of mortgage debt,
about half the outstanding mortgages in the United States. Washington's
efforts to shore up confidence in Fannie Mae and Freddie Mac at times
helped those shares Monday but troubles arose in other corners of the
financial sector. Investors worried about a run on IndyMac Bancorp Inc.
that led to the bank's takeover by the government Friday. IndyMac is
the largest regulated thrift to fail. Trading in shares of regional
bank National City Corp. was briefly halted as the company responded to
rumors of financial troubles. The bank said in a statement it is
experiencing "no unusual depositor or creditor activity" and that as of
Friday's close it had more than $12 billion of excess short-term
liquidity. The rumors and sell-off of regional banks reflect the unease
investors have about where financial troubles might emerge. "My sense
is that investors are taking a pretty cautious stance," said Jack A.
Ablin, chief investment officer at Harris Private Bank in Chicago. "The
government can't bail out the whole industry." According to preliminary
calculations, the Dow Jones industrial average fell 45.35, or 0.41
percent, to 11,055.19 after spiking nearly 140 points in early trading.
Worries over Fannie Mae and Freddie Mac on Friday led to a volatile
session in which the Dow dipped below the 11,000 mark for the first
time in about two years before paring its losses; the market suffered
its fourth straight losing week. Broader stock indicators also dropped
Monday. The Standard & Poor's 500 index fell 11.19, or 0.90 percent, to
1,228.30, and the Nasdaq composite index fell 26.21, or 1.17 percent,
to 2,212.87.
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www.ceo-corner.com This opinion contains forward-looking statements
that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation to buy or sell securities. InvestSource, Inc. has prepared
all material herein based upon information believed to be reliable. The
information contained herein is not guaranteed by InvestSource, Inc. to
be accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this release have not given an opinion
or approved the statements made in this release.
InvestSource, Inc. is not a licensed broker, broker dealer, market
maker, investment banker, investment advisor, analyst or underwriter.
InvestSource, Inc. affiliates, officers, directors and employees may
also have bought, or may buy the shares discussed in this opinion and
may profit in the event of a rise in value. InvestSource, Inc. will not
advise as to when it decides to sell and does not, and will not, offer
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make that decision based on his or her judgment of the market. Please
consult your broker before purchasing or selling any securities
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