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Power3 Medical Products, Inc. (OTC:PWRM)
Power3 Medical Products, Inc. (OTC.BB:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, today announced that company management believes it is making great progress in its focus on the development, sales, and marketing of its proprietary innovate diagnostic tests for breast cancer, pancreatic cancer, ovarian cancer, colon cancer, and certain neurodegenerative diseases, such as Alzheimer’s and Parkinson’s, to name a few.
In addition, Power3 is a party to several litigation matters, most of which relate to various toxic debt instruments that were entered into by Power3 several years ago when it operated under the tenure of Chairman and CEO, Steven B. Rash. Because current management believes these toxic debt instruments are responsible for Power3’s depressed stock price and have distracted the company from its mission, Power3 plans to settle as many of these nagging lawsuits as possible prior to the completion of its merger with Rozetta-Cell Life Sciences, Inc. As for those lawsuits that cannot be speedily resolved, Power3 will continue to rigorously defend its position. For example, one such lawsuit involves Neogenomics, Inc., which was recently granted a motion for summary judgment with respect to an amount due under a convertible debenture. Power3 intends to appeal this decision.
“We are very excited to be finally ridding ourselves of litigation that has plagued us for several years now,” stated Ira L. Goldknopf, President and Chief Scientific Officer of Power3 Medical Products, Inc. “We have big plans for the future beginning with our upcoming acquisition of Rozetta-Cell and are about to enter a long and substantial growth phase marked by advances in our science and intellectual property. Given the imminent nature of many of these transactions and breakthroughs, we have decided, in consultation with the financiers of Rozetta-Cell, that the best course of action for Power3 is to settle many of these lawsuits so that we can focus our attention exclusively on the acquisition of Rozetta-Cell and the development of our combined businesses after the merger.”
Rozetta-Cell Life Sciences, Inc. is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. Power3 plans to effect the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company. The acquisition of Rozetta-Cell is expected to be completed in February 2011.
Dana Holding Corporation (NYSE:DAN) announced that Executive Chairman and Interim CEO John Devine and Vice President and Chief Financial Officer Jim Yost will participate in the Deutsche Bank Global Auto Industry Conference in Detroit, Mich., on Jan. 12, 2011. Mr. Devine will present for approximately 40 minutes, beginning at 11:45 a.m. EST, and talk about Dana's recent financial performance, as well as current and future plans.
Dana Holding Corporation engages in the design, manufacture, and supply of products for vehicle manufacturers worldwide. It offers light axles, drive shafts, structural products, sealing products, thermal products, and related service parts for light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars.
Thompson Creek Metals Company Inc. (NYSE:TC) announced that it has executed a senior secured revolving credit agreement (the "Credit Agreement"). The Credit Agreement provides for a four-year revolving credit facility (the "Credit Facility") in the original amount of $290 million and permits the Company to increase the size of the Credit Facility to $300 million at any time. Up to $100 million of the Credit Facility will be available for letters of credit, and up to $30 million will be available for swingline loans.
Thompson Creek Metals Company Inc., through its subsidiaries, engages in mining, milling, processing, and marketing molybdenum products in Canada and the United States. The company owns the Thompson Creek Mine and mill in Idaho; a metallurgical roasting facility in Langeloth, Pennsylvania; and a 75% joint venture interest in the Endako Mine, mill, and roasting facility in British Columbia.
Vishay Intertechnology Inc. (NYSE:VSH) announced that its manufacturing operations in suburban Manila have received three awards for environmental and safety performance from the Philippine government in 2010. They include a Certificate of Recognition for environmental performance from the Office of the President and the Department of Environment and Natural Resources; an Energy Efficiency and Outstanding Energy Management award from the Department of Energy; and a Safety Milestone Award from the Department of Labor.
Vishay Intertechnology, Inc. manufactures and supplies semiconductors and passive electronic components in the United States, Europe, and Asia. Its semiconductor products comprise rectifiers; diodes; transistors; integrated circuits (ICs), such as power ICs and analog switches; modules that contain various semiconductors in a single package; and optoelectronic products, such as infrared (NYSE:IR) emitters and detectors, IR receiver modules, optocouplers, optical sensors, light-emitting diodes, and IR data transceiver modules.
With 2011 just days away, GreenHouse Holdings, Inc. (Pinksheets:GRHU), a leading provider of energy efficiency solutions and sustainable infrastructure products, encourages and assists companies of all sizes with efforts to identify and adopt strategies that fully incorporate the various incentive programs offered through their local utilities. These programs provide significant monetary incentives for acting on projects that improve energy efficiency and pays consumers for participating in periodic consumption reductions (Demand Response or DR) — increasing a business’ bottom line for the coming year.
Automated Demand Response (ADR) is one of several DR programs available to commercial and industrial customers of California’s three Investor Owned Electric Utilities. The ADR programs as delivered by GreenHouse provides participating utility customers with the investigative, engineering and installation solutions (hardware and software) required to conduct a fully-automated (hands-free) load-shed. GreenHouse is uniquely organized with a professional and technical staff capable of delivering end-to-end ADR solutions.
“It’s going to be a very exciting year for economically sustainable energy and renewable fuels,” commented John Galt, Executive Chairman and founder of GreenHouse Holdings. “Rather than just being a growth year for renewable energy companies, we see 2011 as being the year of the Energy Efficiency Company; we want businesses to know that even small efforts to be sustainable through stewardship, can produce a persistent ROI over the longer term.”
Along with Demand Response, GreenHouse provides energy efficiency services for customers including General Dynamics, Gulfstream Aerospace, PepsiCo and its burgeoning relationship with the United States Army. The U.S. military continues to embrace and expand its use of green solutions on its bases throughout the world, enhancing the fast-tracked penetration of a domestic consumer market for sustainable products and services.
The question most frequently asked of GreenHouse by its clients is how to reduce (utility-influenced) operational costs by managing consumption. In an effort to be more sustainable or green, GreenHouse suggests companies adapt the following strategies and tactics to their business plan for 2011:
* When starting a consumption-related utility incentive program, partner with only highly reputable companies who know all of the facts; bad choices can actually escalate costs
* Use the latest in lighting technology and embrace proper lighting techniques for businesses
* Automation — the backbone of the energy efficiency process worldwide. Install an Automated Demand Response program (ADR) for energy efficiency and load curtailment
* Renewable Fuels (wind, solar, etc.) — Part of the equation, not the solution
“When companies have an Automated Demand Response system in place, and participate in load-shed events, they are doing their part to ensure that the region’s electric grid remains as stable as possible during peak demand periods,” commented Galt. “In California, DR programs enable utility customers to shed load based on either commodity pricing signals or urgent reliability needs. Again, in California, auto-DR takes demand response one giant step further; ADR participants often times receive costly automation and/or SCADA systems that not only perform the load-shed measures associated with a curtailment event, these systems are fully capable of providing ongoing energy efficiency benefits and detailed consumption.”
Many experts in the energy field agree that small changes often have the largest impact. For example, commercial buildings can easily raise (or lower during the winter) the set points on HVAC systems by a few degrees (+/-) and have a significant financial impact over their entire portfolio. Many well-known companies such as Wal-Mart and Target are reaping noteworthy benefits from simple measures such as this. GreenHouse also advises businesses to keep conditioned air inside the spaces meant to be conditioned. For example, a retailer may operate with their doors wide open on a hot summer day, allowing cool air to escape the space intended to be cooled off. That’s obviously a wasteful practice of significant proportions. Businesses should spend its cost savings on growing the business, not inflating their utility bills.
Another efficiency solution and sustainable infrastructure improvement a business should consider in 2011 is investing in solar covered parking. Reducing the influence of the elements on a parked vehicle significantly reduces “heating up or cooling down” time, resulting in a reduction in fuel consumption. Much more energy (fuel) is required to cool a car from 120Â° to 100Â° than 90Â° to 70Â°. Additionally, the energy produced by the solar PV can offset the requirements for utility-provided electricity as well as generate income through selling excess capacity to the utility. GreenHouse also recommends using Cool-Wall products for reducing the impact of radiant heat on the exposed surfaces of a building. Cool-Wall is documented to last much longer than traditional paints which potentially will reduce significant building maintenance expenses.
GreenHouse offers consulting services wherein a business can outsource all of the “heavy lifting” and planning that is required to be as energy efficient an operation as possible. Ideally, companies will employ an “Energy Czar” and tie their compensation to the financial benefits gained from implementing feasible sustainability practices. GreenHouse can help a business establish this position from candidate selection and training to delivering ready-to-go Strategic Energy Plans for a facility or portfolio. Either way, for businesses both large and small, companies like GreenHouse can support that effort.
“It doesn’t have to be an overnight leap into technology; it’s about thinking smarter about the resources we have and figuring out what works best for your business,” adds Galt. “It’s not going to be sustainable if it isn’t feasible or it’s overly burdensome on the business.”
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