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Katz & Company announced Monday it was initiating coverage on Car Charging Group (OTCBB: CCGI) with a Strong Buy recommendation. According to Katz & Company analyst Aryeh Katz, forget about the cars, the real business behind the auto industry's emerging, plug-in vehicle phenomenon looks to be the recharging station market.
According to an exhaustive study done by New York based tech research firm ABI Research, the electric 'gas station' market stands to generate revenues of $12 billion in the United States alone over the next five years. And of those companies now vying for that lucrative market, Car Charging Group (OTCBB: CCGI) appears positioned to grab the lion's share.
The challenge for companies competing in the auto recharging market is to ramp up from the 20,000 existing U.S. based charging stations to the forecasted 3 million that will be needed to serve the electric vehicle market in the next half decade. Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs) must have access to the existing electricity grid in order to operate. Today, however, most EV chargers are home-based units that limit the EV owner from travelling too far from the charging unit. The majority of EVs are range bound to a maximum of between 100 and 150 miles before requiring a full overnight recharge.
What They Do: Car Charging Group, Inc. is an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, enabling EV and PHEV owners to charge their EVs anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle charging units and works with various landowner partners to identify appropriate locations for its charging stations. The Company seeks to provide convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls and parking garages.
Intellect Neurosciences (OTCBB: ILNS) $0.018. Announced Thursday that its Chairman and CEO, Dr. Daniel Chain, was quoted today in BioMedReports.com, providing his perspective on recent developments in the field of novel Alzheimer's therapies, including possible reasons for the high-profile failure of Eli Lilly's Semagacestat in Phase 3 clinical trials:
"Unfortunately, there have been numerous false starts by other companies attempting to develop novel therapies to prevent the buildup of amyloid beta in the brain. The latest culprit was Eli Lilly who until recently was developing Semagacestat. This week it was reported that Semagacestat impaired Alzheimer's patients in Phase 3 clinical trials and also caused skin cancer."
Chain also offers an in-depth explanation of the drug's mechanism of action and the merits of Intellect's differentiated approach: "In contrast to many biopharmaceutical companies focused on Alzheimer's disease (AD), Intellect Neurosciences is developing multiple therapeutic approaches and technologies aimed at slowing down, arresting or preventing this devastating disease. The Company's impressive pipeline includes preclinical and clinical stage products and its licenses to some of the world's largest pharmaceutical companies cover late-clinical stage products under development. Each of the Company's programs utilizes a separate and distinct therapeutic approach."
What They Do: Intellect Neurosciences, Inc. is a Manhattan-based biopharmaceutical company engaged in the discovery and development of disease-modifying therapeutic agents for the treatment and prevention of Alzheimer's disease and other disorders.
SecureAlert, Inc. (OTCBB: SCRA) $0.12. Today announced the very first GPS offender monitoring contract ever to be signed in the history of Brazil.
On Monday, August 16, 2010 the Superintendent of Correctional Services (SUSEPE) Mario Santa Maria Junior, in the Brazilian state of Rio Grande do Sul, signed an emergency contract with the Company through SecureAlert's Brazilian partners to immediately deploy 200 of the Company's TrackerPAL II(e) devices on offenders located in and around the metropolitan area of Porto Alegre. SUSEPE has already identified an initial 256 eligible offenders to participate in the program and has also communicated the need to publish requirements by the end of August 2010 for an additional 800 offenders to be monitored, while forecasting growth to 5,000 offenders in total, as offender electronic monitoring is introduced statewide throughout Rio Grande do Sul going forward.
What They Do: SecureAlert is a leading edge, patented monitoring, case management and advanced communications Technology Company with a portfolio of services widely utilized by law enforcement agencies, judicial districts and county jurisdictions across the United States, and growing globally.
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