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  • Plug Power Meets Projected Order Targets For Fourth Quarter Of 2013

    http://static.cdn-seekingalpha.com/uploads/2014/1/2/saupload_Plug_Power.jpg

    $32 Million in Unit Orders, Service and Hydrogen Contracts; Company Signs First Large Turnkey GenDrive Solution Customer

    LATHAM, NY – Jan. 2, 2013 – (CRWE Press Release) – Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announces it has met order targets set for the fourth quarter of 2013. Orders for the fourth quarter of 2013 totaled approximately $32 million, and include contracts with Walmart, Kroger, Procter & Gamble, Bridgestone, BMW, Sysco, Ace Hardware, CVS, Mercedes Benz, Lowes, Stihl, and Coke.

    Key highlights associated with Plug Power’s fourth quarter bookings include:
    • A contract to deploy multiple sites with a single food distribution customer using Plug Power’s turnkey GenDrive solution which includes products, service, and hydrogen;

    • Repeat business with key material handling giants like Walmart, Kroger, Mercedes Benz, and BMW, resulting in fleet expansion and follow-on orders. These orders included both products and recurring revenue for service;

    • And, addition of new customers to Plug Power’s growing customer list.

    “Plug Power has continued to deliver value to material handling customers through its GenDrive product suite,” said Andy Marsh, CEO at Plug Power. “Moving forward, as we significantly grow the business, Plug Power will increase its value-add for each customer through building our product base and establishing recurring revenue streams through hydrogen and service. Plug Power has seen significant traction closing out 2013, and we expect the first quarter of 2014 bookings to meet or exceed the fourth quarter of 2013.”

    Actual financial results and further overview of customer success will be presented and reviewed on the Company’s fourth quarter and year-end conference call. The Company will be holding its next business update conference call on Tuesday, January 14 at 10:00 am ET. Details to access the conference call will be posted on the homepage of Plug Power’s web site, www.plugpower.com.

    About Plug Power Inc.
    The architects of modern fuel cell technology, Plug Power is revolutionizing the industry with cost-effective power solutions that increase productivity, lower operating costs and reduce carbon footprints. Long-standing relationships with industry leaders forged the path for Plug Power’s key accounts, including Walmart, Sysco, P&G and Mercedes. With more than 4,000 GenDrive units deployed to material handling customers, accumulating over 16 million hours of runtime, Plug Power manufactures tomorrow’s incumbent power solutions today. Additional information about Plug Power is available at www.plugpower.com.

    Plug Power Inc. Safe Harbor Statement
    This communication contains statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements contain projections of our future results of operations or of our financial position or state other forward-looking information. These forward-looking statements include, without limitation, statements regarding financial expectations for the fourth quarter of 2013 and the year 2014, growth prospects for future orders, bookings and revenues, EBITDA projections, reductions in material and service costs and alternative supply sources. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Investors are cautioned not to unduly rely on forward-looking statements because they involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to: the risk that we continue to incur losses and might never achieve or maintain profitability, the risk that we expect we will need to raise additional capital to fund our operations and such capital may not be available to us; the risk that we do not have enough cash to fund our operations to profitability and if we are unable to secure additional capital, we may need to reduce and/or cease our operations; the risk that a "going concern” opinion from our auditors, KPMG LLP, could impair our ability to finance its operations through the sale of equity, incurring debt, or other financing alternatives; the recent restructuring plan we adopted may adversely impact management’s ability to meet financial reporting requirements; our lack of extensive experience in manufacturing and marketing products may impact our ability to manufacture and market products on a profitable and large-scale commercial basis; the risk that unit orders will not ship, be installed and/or converted to revenue; the risk that pending orders may not convert to purchase orders; the risk that our continued failure to comply with NASDAQ’s listing standards may result in our common stock being delisted from the NASDAQ stock market, which may severely limit our ability to raise additional capital; the cost and timing of developing, marketing and selling our products and our ability to raise the necessary capital to fund such costs; the ability to achieve the forecasted gross margin on the sale of our products; the actual net cash used for operating expenses may exceed the projected net cash for operating expenses; the cost and availability of fuel and fueling infrastructures for our products; market acceptance of our GenDrive systems; our ability to establish and maintain relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; the cost and availability of components and parts for our products; our ability to develop commercially viable products; our ability to reduce product and manufacturing costs; our ability to successfully expand our product lines; our ability to improve system reliability for our GenDrive systems; competitive factors, such as price competition and competition from other traditional and alternative energy companies; our ability to protect our intellectual property; the cost of complying with current and future federal, state and international governmental regulations; and other risks and uncertainties discussed under “Item IA—Risk Factors” in Plug Power’s annual report on Form 10-K for the fiscal year ended December 31, 2012, filed with the Securities and Exchange Commission (“SEC”) on April 1, 2013 and as amended on April 30, 2013 and the reports Plug Power filed from time to time with the SEC. These forward-looking statements speak only as of the date on which the statements were made and are not guarantees of future performance. Except as may be required by applicable law, we do not undertake or intend to update any forward-looking statements after the date of this communication.

    Contact:
    Teal Vivacqua
    518.738.0269
    media@plugpower.com

    Source: Plug Power Inc.

    crwepressrelease.com/5448/news-by-catego.../

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jan 02 11:11 AM | Link | Comment!
  • Electromed, Inc. Receives FDA Market Clearance For The SmartVest® SQL(TM)

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    New Prague, MN, Dec. 30, 2013 - (CRWE Press Release) - Electromed, Inc. (NYSE MKT: ELMD), a global medical device company, today announced it has received notification from the U.S. Food and Drug Administration that its next generation SmartVest® Airway Clearance System, the model SQL™ has been cleared to market.

    “SQL solidifies Electromed’s innovation leadership by offering a device that is smaller, quieter, and lighter than our previous versions,” said Kathleen Skarvan, Chief Executive Officer. “We designed the SQL to stand apart from the competition with features that our patients and clinicians were asking for. They talked, and we listened.” In addition to being significantly smaller, quieter, and lighter than our previous versions, some of the features include enhanced ramping, an enhanced pause feature and more user-friendly graphics.

    The model SQL is an electrically powered precursor device designed to deliver high frequency chest wall oscillation (HFCWO) to promote airway clearance, improve bronchial drainage and enhance mucus transport under the order of a physician’s prescription. It is prescribed to patients with a wide range of pulmonary-related health conditions including bronchiectasis, chronic obstructive pulmonary disease (COPD), cystic fibrosis, muscular dystrophy, and cerebral palsy. HFCWO has been demonstrated to reduce lung infections and reduce health care costs associated with recurrent pneumonias, antibiotic use, and hospital stays. In addition to the innovative SQL generator, the system boasts a lightweight soft-fabric garment with several patented features.

    “We believe we have the most comfortable and easy-to-use system among leading HFCWO devices, which leads to therapy adherence and better patient outcomes,” Skarvan added.

    Electromed anticipates that the model SQL will be available to the U.S. market within the next 60 days.

    About Electromed, Inc.
    Electromed, Inc. manufactures, markets, and sells products that provide airway clearance therapy, including the SmartVest® Airway Clearance System, to patients with compromised pulmonary function. Further information about the Company can be found at www.electromed.com, or call 800-462-1045.

    Cautionary Statements

    Certain statements found in this release may constitute forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the speaker’s current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact. Forward-looking statements can generally be identified by the words “believe,” “expect,” “anticipate” or “intend” or similar words. Forward-looking statements made in this release include the Company’s expectations regarding the availability of the model SQL in the U.S. market. Forward-looking statements cannot be guaranteed and actual results may vary materially due to the uncertainties and risks, known and unknown, associated with such statements. Examples of risks and uncertainties for Electromed include, but are not limited to, delays in the production or shipment of our products, the reluctance of physicians or other healthcare providers to accept a new product, the impact of emerging and existing competitors, and the effectiveness of our sales and marketing and cost control initiatives, as well as other factors described from time to time in our reports to the Securities and Exchange Commission (including our Annual Report on Form 10-K). Investors should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions investors should take into account when making investment decisions. Shareholders and other readers should not place undue reliance on “forward-looking statements,” as such statements speak only as of the date of this release.

    Contact:
    Electromed, Inc.
    Kelly Lunder
    Manager of Marketing & Communications
    klunder@electromed.com
    952-758-0382

    Source: Electromed, Inc.

    crwepressrelease.com/5444/news-by-catego.../

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Dec 30 5:24 PM | Link | Comment!
  • Gazit-Globe Completes A NIS 375 Million (US $107 Million) Offering Of Unsecured Debentures

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    TEL-AVIV, ISRAEL, Dec. 29, 2013 - (CRWE Press Release) - Gazit-Globe (NYSE: GZT) (TSX: GZT) (TASE: GZT), one of the world's leading multi-national real estate companies focused on acquisition, development and redevelopment of supermarket-anchored shopping centers in major urban markets, announced today that it has completed a public offering of its existing Series K debentures in Israel. The total gross proceeds from the offering are approximately NIS 375 million (approx. US $107 million).

    The debentures were offered at a price of NIS 1.217 for NIS 1.00 par value representing an effective yield to maturity of 3.25% with a duration of approximately 7.2 years.

    The debentures carry an annual interest rate of 5.35%, Israeli CPI adjusted with a final maturity date of September 2024, and have a domestic credit rating of ilAA- with a stable outlook from S&P Maalot and a domestic credit rating of Aa3 with a stable outlook from Midroog (Moody's domestic subsidiary).

    The Company intends to use the proceeds from the offering to refinance existing debt and for general corporate purposes.

    The underwriters syndicate was led by Leader Capital Markets and Clal Finance and included Barak Capital Underwriting, Excellence Investments, APEX Investment, Leumi Partners, Discount Capital Markets & Investments, Poalim IBI, Inbar Underwriting.

    About Gazit-Globe

    Gazit-Globe is one of the largest owners, developers and operators of supermarket-anchored shopping centers in major urban markets around the world. In addition, the Company is active in North America in the healthcare real estate sector. Gazit-Globe is listed on the New York Stock Exchange (NYSE: GZT), the Toronto Stock Exchange (TSX: GZT) and the Tel Aviv Stock Exchange (TASE: GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. Gazit-Globe owns and operates 584 properties in more than 20 countries, with a gross leasable area of approximately 6.7 million square meters and a total value of more than US$21 billion.

    FOR ADDITIONAL INFORMATION

    A comprehensive copy of the Company's annual report is available on Gazit-Globe website at www.gazit-globe.com
    Investors Contact: IR@gazitgroup.com, Media Contact: press@gazitgroup.com
    Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000 / New York Office, Tel: +1 212 897 9741

    FORWARD LOOKING STATEMENTS

    This release may contain forward-looking statements within the meaning of applicable securities laws. In the United States, these statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control, that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks detailed in our public filings with the SEC and the Canadian Securities Administrators. Except as required by applicable law, we undertake no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise.

    For additional information:

    Gil Kotler,
    Senior Executive VP and CFO
    Gazit-Globe Ltd.
    1 HaShalom Rd.
    Tel Aviv, Israel 67892
    +972 3 694 8000

    Source: Gazit-Globe

    http://crwepressrelease.com/5440/news-by-country/israel/gazit-globe-completes-a-nis-375-million-us-107-million-offering-of-unsecured-debentures/

    crwepressrelease.com/5440/news-by-countr.../

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Dec 29 6:08 AM | Link | Comment!
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