SmallCapReview.com has been a leading site for information on small cap stocks, penny stocks and microcaps since 1999.
Universal Display Corporation (Nasdaq: PANL) $45.46, Up $7.28. Announced Tuesday after market close its results for the fourth quarter and year ended December 31, 2010.
Revenues for the fourth quarter of 2010 were $10,795,040, more than double fourth quarter 2009 revenues of $4,851,012. Commercial revenue, which includes commercial chemical revenue, license and royalty revenues, and commercialization assistance revenue, was $4,511,121 for the quarter, compared to $1,888,490 for the fourth quarter of 2009. The increase was primarily due to increased commercial chemical sales. Developmental revenue, which includes development chemical revenue, contract research revenue, and technology development revenue, was $6,283,919 for the quarter, compared to $2,962,522 for the fourth quarter of 2009. The increase was due to increased developmental chemical sales.
What They Do: Universal Display Corporation is a leader in developing and delivering state-of-the-art, organic light emitting device (OLED) technologies, materials and services to the display and lighting industries.
China Education Alliance (NYSE: CEU) $1.79, Up $0.29. Today announced that it purchased 60% of the equity interests of Harbin Tianlang Culture and Education School ("Tianlang") for RMB35,000,000. This acquisition is advantageous to China Education Alliance's comprehensive integration of its training programs. Tianlang currently has 5,000 students and generates an annual profit of RMB10 million.
Mr. Yu Xiqun, Chairman and Chief Executive Officer of China Education Alliance, commented, "The acquisition of Tianlang is the beginning of the implementation of the Company's National Expansion Plan. We plan to complete two to three similar acquisitions within one month after we acquired Tianlang. We have established offices in 27 provinces and cities nationwide. By thoroughly studying the market demand for training programs in different regions, as well as using our talented teachers, we hope to add 100 new teaching centers through establishment or acquisition within one year. We are confident that we will become one of the few large-scale educational institutions in China."
What They Do: China Education Alliance is a fast-growing, leading, China-based company offering high-quality education resources and services to students ages 6 to 18 and adults (university students and professionals) ages 18 and over.
ADA-ES, Inc. (Nasdaq: ADES) $16.60, Up 42.58. Today announced that it expects significant growth in markets for its products and services as a result of the proposed Mercury and Air Toxics Standards (the “Air Toxics Rule”) released by the Environmental Protection Agency today. The Air Toxics Rule will require over 1100 existing and new coal-fired electricity generating plants to reduce emissions of mercury and other hazardous air pollutants (“HAPs”). ADA provides three different control technologies for mercury emissions and also provides emissions control systems for two of the other four groups of HAPs covered by the rule: dioxin/furans and acid gases. The Air Toxics Rule is scheduled to be made final this November, and the power companies will be required to comply within 36 months.
The Air Toxics Rule is expected to create a significant new market for activated carbon injection (“ACI”) equipment provided by the Company. Activated carbon (“AC”) is effective for control of emissions of both mercury and dioxins/furans. ADA has been a market leader in providing nearly 50 of the 150 ACI systems sold to date to the power industry to meet mercury limits on new power plants and existing plants in 19 states where regulations are in effect. The Air Toxics Rule could create a demand for up to 500-700 new ACI systems over the next three years, which would be a market of approximately $500 million. These systems will require approximately 800 million to one billion pounds of AC to capture mercury. ADA provides AC for the industry through its joint venture ADA Carbon Solutions (“ACS”). The first ACS production plant started up in the summer of 2010 in Red River, Louisiana and has the capacity to produce 150 million pounds of AC per year. To prepare for the additional demand created by the Air Toxics Rule, ACS has permitted a second 150 million pound per year production line at the Red River plant and is pursuing permits for up to four additional AC production plants.
What They Do: ADA-ES is a leader in clean coal technology and the associated specialty chemicals, serving the coal-fueled power plant industry.
About SmallCapReview
Copyright SmallCapReview. SmallCapReview.com is a leading site for news on small-caps, penny stocks and microcaps. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select stocks in play, to register visit www.SmallCapReview.com.
