News / Business
Speak with other shareholders about: (OTCBB: ITKG); (OTCBB: SWMX); (PINKSHEETS: VRNT); (PINKSHEETS: AETR); (OTCBB: UGTH)
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INTEGRAL TECHNOLOGIES, INC. (OTCBB: ITKG)
Integral Technologies, Inc. closed at $2.03 Thursday, trading 105,800 shares.
Company News- July 25, 2007: Integral and Jasper Finalize ElectriPlast(TM) Production Pricing
Integral Technologies, Inc. announced that it has finalized its pricing arrangement with Jasper Rubber Products Inc. ("Jasper") (www.jasperrubber.com) for the manufacture of Integral's proprietary and revolutionary ElectriPlast(TM) product, the world's first highly conductive polymer for use in antennas, shielding, heating, cooling, circuitry and medical devices to name a few.
The Amendment to the Manufacturing Agreement (November 2006) finalizes the manufacturing costs from Jasper to Integral for the production of the ElectriPlast(TM) material. The Amendment also provides for Jasper the right to sell ElectriPlast(TM) to customers. This will be facilitated through Jasper's established sales force of over 30 people throughout North America.
Commenting on this recent development, Doug Mathias, CEO and President of Jasper Rubber, said, "We have spent the last seven months refining the manufacturing process of ElectriPlast(TM). This has allowed us to present ElectriPlast(TM) with confidence to several interested companies that have come to visit our facility. With the production process of the ElectriPlast(TM) material established, we are now in a position to produce and deliver prototypes and production product to customers who have demonstrated needs for ElectriPlast(TM) and a wide variety of its applications."
Integral's intellectual property consists of 30 US patents, including a patent on its foundation product, ElectriPlast(TM), and 87 US pending patents on a multitude of different ElectriPlast(TM) applications.
Jasper Rubber, founded in 1949, is a leader in innovative rubber and plastics development. The Jasper facility is comprised of over 330,000 square feet. They manufacture a full range of products for major appliance, oil filter, and automotive industries. Jasper's client base includes Fortune 500 companies.
About Integral Technologies, Inc. (OTCBB: ITKG)
Integral Technologies, Inc. (www.itkg.net) is the developer of an innovative electrically conductive resin-based material called "ElectriPlast(TM)," a highly conductive recipe that can be molded into virtually any shape or dimension associated with the range of plastics, rubbers and other polymers. Our IP consists of ElectriPlast(TM) and thousands of different applications pertinent to a wide variety of industries. To date, we have had 30 US patents issued, or allowed and pending issuance, and 87 patents pending on ElectriPlast(TM) applications. Various examples of industries where ElectriPlast(TM) can be used are antennas, shielding, lighting, circuitry, switch actuators, resistors, and medical devices, to name just a few. The company is currently introducing these new products and ElectriPlast(TM) technology on a global scale.
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SOFTWAVE MEDIA EXCHANGE, INC. (OTCBB: SWMX)
SoftWave Media Exchange, Inc. closed at $0.15 Thursday, trading 105,800 shares.
Company News- July 25, 2007: SWMX Announced Release of SWMX Radio Version 2.0(TM), Enhanced Features and Interface to Deliver Greater Speed, Control and Profitability, Full-Rate (Flighted) Campaign Functionality to Be Activated in Coming Weeks
SoftWave Media Exchange, Inc., a leading electronic advertising marketplace for radio and television, announced the launch of SWMX Radio 2.0(TM), the second generation marketplace platform facilitating the purchase, sale and management of radio advertising time for marketers and media owners.
"SWMX Radio 2.0 represents a significant advancement in our efforts to deliver a turnkey application supporting virtually all aspects of an organization's media buying and sales initiatives, integrating all necessary data, providing creative delivery and archiving and enabling both marketers and media owners to execute their business with greater efficiency, profitability and ROI than ever before," said Stavros Aloizos, Chief technology officer of SWMX.
The most significant enhancement of SWMX Radio 2.0 is the marketplace will deliver integrated functionality enabling marketers and media owners to transact full-rate flighted campaigns through the interface. The new platform will also facilitate campaign changes, cancellations and makegoods.
Flighting functionality is anticipated to be activated within the next month. SWMX is currently gathering both full and last minute rate information from its universe of over 2,000 registered radio stations and populating the database. Stations interested in registering with SWMX or providing rate cards should contact James Ferguson, Sr. Station Relationship Coordinator, at 914-406-8456 or by email at jferguson@swmx.com for additional information or assistance.
As with the original marketplace, in every case, media buyers and sellers using SWMX know exactly what inventory is being bought or sold, on what station, at what price, at what time, and remain in full control of the terms of every transaction that is executed through the system. Whether transacting full-rate or last minute campaigns, both marketers and media owners can execute business on their terms without having to compromise to increase profitability and ROI.
The new platform delivers sophisticated campaign planning functionality for marketers enabling users to structure buys according to a broad range of criteria including markets, stations, dayparts, programs, rates, CPM and CPP goals, reach and frequency and more.
For media owners, a primary enhancement of the new Broadcaster Dashboard is the ability to set asking rates for both last minute and flighted business directly through the platform. Radio stations will be able to post, adjust and update their rates at the SWMX site as often as they like depending on inventory supply, market demand and/or ratings fluctuations, to help optimize business activity, pricing accuracy and profitability in real time.
With full understanding that the buyer / seller relationship is fundamental to the media process, SWMX has structured the application to help buyers and sellers approach each transaction with a clear understanding of each other's objectives and provide tools to streamline the negotiation, transaction and order process.
SWMX is a true bid / ask marketplace. Once advertisers set their campaign criteria an offer is presented to each selected station which can be accepted, refused or countered and negotiated, either directly through the interface or offline at users' preference and discretion. Through SWMX, pricing is determined by the buyer and seller equally based on supply and demand and what the market will support.
As with SWMX Radio 1.0, licensed users will benefit from integrated Arbitron ratings data, and all users will continue to benefit from electronic creative upload, delivery and archiving capabilities, reconciliation, automated invoicing and robust ROI measurement functionality.
The transition to SWMX Radio 2.0 will have no impact on clients' current activities. The new platform has been refined to deliver a significantly increased level of functionality with a simpler, more intuitive user interface.
About SoftWave Media Exchange, Inc. (OTCBB: SWMX)
Founded in January 2006, SWMX, Inc. and its wholly owned subsidiary, SoftWave Media Exchange (www.swmx.com), provide an efficient, dynamic and transparent open marketplace for the purchase, sale, management and distribution of advertising media time. The SWMX Marketplace currently includes SWMX Radio(TM) and SWMX Television(TM). SWMX Radio(TM) (www.swmxradio.com) serves a broad range of advertisers and agencies as well as over 2,000 leading radio stations across the U.S. representing all of the top 15 broadcast groups, 50 of the top 50 U.S. markets, 47 of the top 50 stations and a national daily audience of over 12.5 million listeners, or over 40% of the total U.S. broadcast radio market, according to Arbitron*. SWMX Television(TM) (www.swmxtv.com) serves the local spot cable market, delivering access to a potential daily cable audience of millions of viewers representing all major networks. The Company has also begun beta testing SWMX Television 2.0(TM), including enhanced functionality and expanded capabilities to support the local broadcast television market.
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VERINT SYSTEMS, INC. (PINKSHEETS: VRNT)
Verint Systems, Inc. closed at $31.30 Thursday, trading 31,184 shares.
Company News- July 25, 2007: China's Shenzhen Bay Port Authority Deploys Verint Nextiva Critical Infrastructure Networked Video Solution, Solution Will Enhance Security of Major Gateway Between Hong Kong and Mainland China
Verint Systems, Inc., a leading provider of analytic software-based solutions for security and business intelligence, announced that China's Shenzhen Bay Port Authority has deployed its Nextiva(TM) Critical Infrastructure (CI) networked video solution to enhance the security of Shenzhen Bay Port, which connects to Hong Kong via a 5.5 mile ocean crossing bridge.
The newly-opened Shenzhen Bay Port and Bridge provides a key gateway between the mainland city of Shenzhen and Hong Kong, and will further enable the flow of goods and visitors between the two key economic areas. Verint's Nextiva CI solution will enable Shenzhen Bay Port Authority to enhance the security of the port perimeter, facilities and immigration check points. Nextiva Analytics have been deployed to provide actionable intelligence to immigration officials on vehicles and pedestrian border crossings, suspicious cargo and activities, abandoned objects, traffic flow direction violations and tampering with camera in high security areas. The Verint solution will be delivered in conjunction with integration partner Shenzhen Longfeng Intellectual Science and Technologies Co. LTD.
"Verint's Nextiva CI solution is ideally suited to meet the challenges of the world's most critical seaports, with intelligent edge devices that network video across expansive land and sea perimeters and award-winning analytics to proactively protect sensitive facilities, borders and visitors," said Dan Bodner, President and CEO of Verint Systems Inc. "We are pleased to welcome Shenzhen Bay to our growing base of seaport and critical infrastructure customers."
Nextiva CI is part of the Nextiva portfolio of networked video solutions. Nextiva enables organizations of all sizes, from small and mid-sized enterprises to major government and commercial organizations, to enhance the security of their facilities and infrastructure and the performance of their business operations by networking video across multiple locations and applying advanced content analytics to extract actionable intelligence from live and stored video. By alerting security personnel to potential security threats, Nextiva helps organizations prevent security breaches, improve response time and enhance operational efficiency.
About Verint Systems, Inc. (PINKSHEETS: VRNT)
Verint Systems Inc., headquartered in Melville, New York, is a leading provider of analytic software-based solutions for workforce-enterprise optimization and security. Verint software, which is used by over 5,000 organizations in over 100 countries worldwide, generates actionable intelligence through the collection, retention and analysis of voice, fax, video, email, Internet and data transmissions from multiple communications networks. Visit us at our website www.verint.com.
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THE ALLIANCE ENTERPRISE CORPORATION (PINKSHEETS: AETR)
The Alliance Enterprise Corporation closed at $0.14 Thursday, trading 60,932 shares.
Company News- July 26, 2007: The Alliance Enterprise Corporation Receives Invitation From The Government of Sri Lanka To Assist Them in Eradicating Deadly Landmines Embedded In Their Country
The Alliance Enterprise Corporation (the "Alliance") announced it has received a letter of commitment from the Minister of Nation Building and Development of Sri Lanka which grants the Alliance the contract to locate and map out the landmines embedded in their country. This commitment is subject to a successful demonstration of Alliance's Landmine Detection and Mapping Sensor Technology.
The Alliance's Aerial LML (Landmine Locator) System is faster, safer and more economical in detecting and mapping landmines in those areas proven to be embedded with landmines.
"The Sri Lanka Army Engineer's Corp have already identified suspected areas and are trained professionally to remove and destroy landmines. The sensors, located aboard the Company's LML Aerial Platform System will certainly speed up the process of detecting and mapping the location of landmines compared to any other system in use today," says Robert Williams, Vice-President of Field Operations.
About The Alliance Enterprise Corporation (PINKSHEETS: AETR)
The Alliance Enterprise Corporation's vision is to be the recognized leader in providing Aerial Detection Systems including global de-mining, clearing a path to a safer planet for all humankind.
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U.S. GEOTHERMAL, INC. (OTCBB: UGTH)
U.S. Geothermal, Inc. closed at $2.35 Tursday, trading 203,781 shares.
Company News- July 25, 2007: Raft River Project Update; First Power Production Expected in Fourth Quarter 2007
U.S. Geothermal Inc., a renewable energy development company focused on the production of electricity from geothermal energy, announced construction progress on its Raft River geothermal power plant in southeastern Idaho.
The construction of the Unit One, 13-megawatt power plant is under the direction of Ormat Nevada Inc., a subsidiary of Ormat Technologies Inc. (NYSE: ORA - News). Plant construction is proceeding on schedule and budget. This element of the Raft River project is expected to be fully functional and online in the fourth quarter of 2007.
-All major power plant equipment has been delivered to site and set on foundations.
-The prime electrical construction contract was awarded to Merit -Electric Incorporated in May.
-Piping and electrical connections are proceeding on schedule.
-The control room and motor control center building has been erected and switchgear installed.
-The cooling tower is 95% complete.
-The geothermal injection pumps and motors have been set in place.
-High voltage interconnection to BPA substation with Idaho Power and -Raft River Electrical Co-operative metering is nearing completion.
U.S. Geothermal is construction manager for the remainder of the project construction work outside the scope of the Ormat contract. This work includes pipelines, production pumps and certain electrical transmission activities. The first two geothermal production pumps manufactured by Goulds/ITT have been delivered to the site. A drill rig is currently on site and has installed a 29-stage, 900 horsepower production pump in production well RRG-2. The drill rig will move next to production well RRG-1 to install a 33-stage, 1000 horsepower production pump. Two more production well pumps are scheduled for delivery to the site within the next 60 days.
Pipeline completion activities and wellhead installations are in progress. DISCO Associates has delivered to production well RRG-2 the first of four containerized well control modules. Each module contains an electronic control package, cooling system, and lubrication system required to operate and monitor the pump at the production well. Hot geothermal brine from production well RRG-2 is scheduled to flow through the new geothermal pipelines to the power plant for the first time in mid-August.
The cooling water supply piping system is approximately 75% complete for initial operations, including the refurbishment of an existing 300,000 gallon storage tank, and the development of a land application system that will be used to dispose of the cooling tower blow down water. Electrical transmission work needed to connect the new geothermal power plant to the existing substation is 100% complete. New photos of the construction site and equipment are posted in the Gallery section on our website at www.usgeothermal.com and are updated regularly.
The Company has assembled a team of seven qualified technicians for the ongoing operation and maintenance of the Unit One power plant and planned future power plant units at Raft River. The team is currently on site and undergoing training and other activities associated with the finalization of the power plant construction and its planned operating procedures.
Contract negotiations with Idaho Power Company, the regulated utility owned by IDACORP (NYSE: IDA - News), are progressing toward the mutual goal of converting the existing power sales contract for Unit One from a limit of 10 average megawatts per month to a full output contract with an estimated annual average output of between 12 and 14 megawatts. Detailed contract negotiations are focusing on the terms and conditions specific to Idaho's first geothermal power project. Idaho Power and the Company expect to be able to use this first contract as a template for advancing negotiations for the output from the planned Unit Three at Raft River and 26 megawatts of planned production from the Company's Neal Hot Springs project located in southeast Oregon. As reported earlier, Idaho Power named U.S. Geothermal successful bidder for 45 megawatts of geothermal power from future development of Raft River and the initial phase of Neal Hot Springs.
The Company is also in the final stages of contract negotiations with Eugene Water and Electric Board ("EWEB"), Eugene Oregon, for a power purchase agreement associated with the power output from the planned 13-megawatt Unit Two at Raft River. The negotiations with Idaho Power and EWEB recognize that the power purchase agreements are subject to the parties' board approval and are contingent upon extension of the federal Production Tax Credit and successful drilling and resource discovery at Raft River and Neal Hot Springs.
About U.S. Geothermal, Inc. (OTCBB: UGTH)
U.S. Geothermal is a renewable energy development company that is currently developing a geothermal power project at Raft River, Idaho and conducting exploration activities at Neal Hot Springs, Oregon. The company believes Raft River is ideally located to make an important contribution to the power needs of the Pacific Northwest. U.S. Geothermal owns and leases geothermal rights of private lands, which comprise the Raft River project in Southeastern Idaho. On the basis of a report prepared by the company's independent consultant, GeothermEx Inc., of Richmond California, the site has a 50% probability of a power production capacity of 15.6 megawatts per square mile which may translate to 100 megawatts or more.
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Release date: 27 Jul 2007
