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EMCORE Corporation (NASDAQ:EMKR), a leading provider of compound semiconductor-based components, subsystems and systems for the fiber optics and solar power markets, announced the successful TelcordiaÂ® qualification and production release of its Tunable XFP (TXFP) transceiver. "Our successful Telcordia Â® GR-468 qualification and production release of the TXFP represents a major milestone for EMCORE. We have demonstrated that our technology exceeds the mandated industry robustness and reliability standards," stated Rob Stone, Director of EMCORE's Telecom Business Unit. "We have been successful in our goal of enabling customers to replace their legacy 10Gb/s long-haul tunable interfaces with a more power and size efficient module, which improves both their operational and capital expenses."
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high speed data and telecommunications networks, cable television (OTCPK:CATV) and fiber-to-the-premises (FTTP). For further information about EMCORE, visit http://www.EMCORE.com.
Cleantech Transit Inc. (OTCPK:CLNO)
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
When biomass is produced by plants as a result of photosynthesis, some of the energy in the sunlight is converted into the chemical energy that binds various atoms to form carbohydrate molecules. Herbivores (animals that feed on plants) eat the plants and make their own biomass by using the energy stored in the plants' biomass. Similarly, carnivores (animals that feed on other animals) consume the biomass of other animals and in the process make their own biomass. When the plants or animals die, the energy captured in their biomass remains until the biomass decomposes through natural mechanisms or is burned or processed by humans.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
Inter Parfums, Inc. (NASDAQ:IPAR) announced that it has entered into a 12-year worldwide license agreement commencing on January 1, 2012 to create, produce and distribute perfumes and ancillary products under the Balmain brand. The agreement replaces a previous license that was terminated by mutual consent. The Balmain couture house was founded in 1945 by Pierre Balmain. In recent years, the Balmain couture house has undergone a significant transformation. By redefining the image of its ready-to-wear line, the brand has become a reference for style, while retaining its distinctive design codes from the haute couture universe. On the strength of its creativity and know-how, the brand has become a major trendsetter.
Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, Van Cleef & Arpels, Jimmy Choo, Paul Smith, Montblanc, S.T. Dupont and Boucheron. Inter Parfums, Inc. also owns Lanvin Perfumes and Nickel, a men's skin care company.
Check Point Software Technologies Ltd. (NASDAQ:CHKP), the worldwide leader in securing the Internet, announced that it will release its second quarter financial results for the period ending June 30, 2011, on Monday, July 18, 2011, before the U.S. financial markets open. Management will host a conference call with the investment community at 8:30 AM ET/5:30 AM PT on July 18. A live webcast of the call will be hosted on the company's website at http://www.checkpoint.com/ir.
Check Point Software Technologies Ltd. (www.checkpoint.com), the worldwide leader in securing the Internet, is the only vendor to deliver Total Security for networks, data and endpoints, unified under a single management framework.
Xyratex Ltd. (Nasdaq:XRTX), a leading provider of enterprise class data storage subsystems and hard disk drive capital equipment, announced results for the second fiscal quarter ended May 31, 2011. Revenues for the second quarter were $338.5 million, a decrease of 26% compared to revenues of $455.9 million for the same period last year. For the second quarter, GAAP net loss was $4.6 million, or $0.15 per share, compared to GAAP net income of $43.7 million, or $1.39 per diluted share, in the same period last year. Non-GAAP net loss was $1.9 million, or $0.06 per diluted share, compared to non-GAAP net income of $46.8 million, or $1.49 per share, in the same quarter a year ago (1). Gross profit margin in the second quarter decreased to 12.9%, compared to 18.1% in the same period last year, primarily due to significantly lower revenues and gross margins in the Storage Infrastructure business.
Xyratex Ltd provides modular enterprise-class data storage solutions and storage process technology. The company designs, develops, and manufactures enabling technology that supports storage and data communication networks. It operates in two segments, Networked Storage Solutions and Storage Infrastructure.
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