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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, recently reported that Power3 Medical Products delivered four poster presentations at the 2010 International Conference on Alzheimer's Disease (ICAD) in Honolulu, Hawaii. These presentations discussed NuroPro®, Power3 Medical Products' diagnostic test, and focused on Power3 Medical Products' Alzheimer's disease blood serum biomarkers, test and clinical validation trials.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig's disease). Power3 Medical Products applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 Medical Products has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which Power3 Medical Products has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer's, Parkinson's and ALS diseases, for which Power3 Medical Products is currently engaged in Phase II clinical trials. These tests are designed to analyze an individual's proteins to detect the presence of disease, a patient's disease progression, a patient's response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.
Canadian Pacific Railway Limited (NYSE:CP) and Teck Resources Limited revealed yesterday a 10-year agreement to transport Teck's steelmaking coal from its five mines in southeast BC to Vancouver area ports. The agreement reflects the companies' commitment to work together to achieve growth in the volume of coal shipped through a range of economic and marketplace dynamics and provides for flexibility over the long term. The agreement provides for investments by Canadian Pacific Railway that enhance coal handling capacity to provide for Teck's volume growth. This is a confidential agreement which commences April 1, 2011.
Canadian Pacific Railway, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, most fluid railway in North America. Canadian Pacific Railway's people are the key to delivering innovative transportation solutions to Canadian Pacific Railway's customers and to ensuring the safe operation of Canadian Pacific Railway's trains through the more than 1,100 communities where we operate. Canadian Pacific Railway's combined ingenuity makes Canadian Pacific a better place to work, rail a better way to ship, and North America a better place to live.
Canadian Solar Inc. (Nasdaq:CSIQ), one of the world's largest solar companies, revealed that Canadian Solar has become a sponsor of Major League Baseball's San Francisco Giants. As part of the partnership, Canadian Solar and the Giants will launch the "Score with Canadian Solar" sweepstakes. Baseball and solar fans can go online at www.sfgiants.com to enter to win Giants tickets, authentic Major League baseballs autographed by a current Giants player and free solar installation quotes. The San Francisco Giants are leaders in green business practices, making AT&T Park the first Major League ballpark to receive U.S Green Building Council certification for Leadership in Energy and Environmental Design (LEED) for Existing Buildings, Operations and Maintenance (EBO&M). The Giants have also led endeavors in water and energy efficiency and recycling and compost practices, including use of solar electricity, a stringent waste recycling system and a smart water system. Participants in the "Score with Canadian Solar" sweepstakes can enter to win two tickets for the Giants' 2011 season, and can also opt-in for a free home or business solar quote. The first 100 people who request a solar quote will receive an authentic Major League baseball autographed by a current San Francisco Giants player.
Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development.
Cano Petroleum, Inc. (NYSE Amex:CFW) disclosed a company update regarding Cano Petroleum's ongoing strategic alternatives review and a cash flow maximization plan for the near-term. Upon the termination of Cano Petroleum's merger agreement with Resaca Exploitation, Inc., Cano Petroleum altered its operating strategy from growth mode to a cash maximization mode. As part of this effort, Cano Petroleum proceeded to reduce field-level and corporate general and administrative expenses. Cano Petroleum has reduced the size of Cano Petroleum's Board of Directors from six independent directors to two independent directors. The independent directors remaining are Donald W. Niemiec and Garret Smith. Cano Petroleum has also implemented staffing reductions as part of reducing Cano Petroleum's overall general and administrative expense. Additionally, certain field level expenses which solely served Cano Petroleum's growth strategy have been eliminated, thus increasing Cano Petroleum's net cash flows. On September 24, 2010, Cano Petroleum's lenders delivered a Reservation of Rights letter in response to Cano Petroleum's inability to deliver a letter of intent as specified in their Forbearance Agreement. Presently, the lenders have not taken any action in conjunction with the delivery of this letter. While Cano Petroleum is in compliance with Cano Petroleum's Asset Coverage Ratio covenant and continue to meet Cano Petroleum's secured indebtedness interest payment obligations, Cano Petroleum is not in compliance with Cano Petroleum's Debt to EBITDA and EBITDA to Interest covenants.
Cano Petroleum, Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano Petroleum's primary focus is on increasing domestic production from proven fields using enhanced recovery methods.
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