Proteonomix, Inc., (OTCBB:PROT) is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives.
** PROT has filed a utility patent application for the Preparation and Use of Stromal Cells for Treatment of Cardiac Diseases.
This is another step in the development of PROT’s intellectual property and getting StromaCel into the commercial market.
The technology covered by the patent application will reduce the cost to the patient of this type of treatment and when trials are completed and regulatory approvals are obtained PROT believes that the stromal cell technology will have major importance in the treatment of cardiac damage caused by heart attacks.
PROT has been contacted by several European entities that have requested additional information about its proprietary stem cell activities.
Recently, PROT has executed a joint venture agreement with a group of investors that will create a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.).
More about PROT at www.proteonomix.com
Kaiser Aluminum Corporation (Nasdaq:KALU) recently reported that Lauralee E. Martin has been appointed to its board of directors and will serve on the Audit Committee and Compensation Committee.
Ms. Martin is Executive Vice President and Chief Operating and Financial Officer of Jones Lang LaSalle, a financial and professional services firm specializing in real estate services and investment management. Ms. Martin also serves as a member of Jones Lang LaSalle's Board of Directors, Global Executive Steering Committee and chairs its Global Operating Committee.
Kaman Corporation (Nasdaq: KAMN) recently reported that its Aerospace segment has been awarded a purchase order from the United States Air Force (USAF) for Joint Programmable Fuzes (JPF).
The award for Foreign Military Sales in the amount of $36.0 million is an addition to Option 7 of the company’s contract with the USAF bringing the total value of Option 7 to $81.5 million. The total value of JPF contracts awarded to the company by the USAF since program inception is $337.4 million.
Delivery of these additional fuzes is anticipated to occur in 2012.
Kandi Technologies, Corp. (NASDAQ:KNDI), a leading Chinese exporter of recreational vehicles, developer of the "COCO" all electric LSV, and a leader in Electric Vehicle (NYSE:EV) development in China, reported that it has formalized a three partner joint venture with China's leading battery maker, Tianneng Power International, Ltd., and Jinhua Bada Group, a subsidiary of State Grid Power Corporation, China's largest power company, to create China's first Electric Vehicle (EV) battery replacement services company.
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