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SCM Microsystems, a business unit of Identive Group (Nasdaq: INVE) $2.83, Today announced that it has received its first orders for 10,000 eHealth terminals to support the relaunch of the electronic health card program in Germany. SCM has begun shipping both its eHealth200 desktop and eHealth500 mobile health card terminals for the program, which involves the deployment of more than 80 million electronic health insurance cards to German citizens.
The German eHealth card program began in 2009, and after being suspended in 2010, was relaunched in April 2011. To encourage participation in the program, the German health insurance industry is subsidizing the purchase and installation of eHealth terminals for doctors and other healthcare professionals who order the devices between April 1 and September 30, 2011. SCM's eHealth readers are certified by the German healthcare oversight organization (gematik) and the Federal Office for Information Security (BSI) as meeting the strict security and performance requirements of the eHealth program
What They Do: SCM Microsystems a business unit of Identive Group, is a leading provider of solutions for secure access, secure identity and secure exchange.
Titan Machinery (Nasdaq: TITN) $26.94. Today announced financial results for the fourth quarter and full year ended January 31, 2011. For the fourth quarter of fiscal 2011, revenue increased 45.9% to $368.1 million from revenue of $252.3 million in the fourth quarter last year. All three of the Company’s main revenue sources—equipment, parts and service—contributed to this period-over-period revenue growth. Equipment sales were $310.9 million for the fourth quarter of fiscal 2011, compared to $203.8 million in the fourth quarter last year. Parts sales were $29.9 million for the fourth quarter of fiscal 2011, compared to $27.7 million in the fourth quarter last year. Revenue generated from service was $19.6 million for the fourth quarter of fiscal 2011, compared to $14.9 million in the fourth quarter last year.
Net income for the fourth quarter of fiscal 2011 was $10.4 million, compared to net income of $3.4 million in the fourth quarter last year. Earnings per diluted share for the fourth quarter of fiscal 2011 were $0.57 compared to $0.19 per diluted share in the fourth quarter last year.
What They Do: Titan Machinery is a multi-unit business with mature locations and newly-acquired locations.
BioSante Pharmaceuticals (Nasdaq: BPAX) $2.08. Today announced it has licensed its Pancreas Cancer Vaccine and Prostate Cancer Vaccine to Aduro BioTech, a clinical-stage immunotherapy company, solely for use in combination with Aduro’s proprietary vaccine platform based on Listeria monocytogenes.
BioSante will receive milestone and royalty payments after commercialization of combination cancer vaccines using BioSante’s cancer vaccine technology. Aduro also has an option to additional BioSante Cancer Vaccine indications, all for use in combination with Aduro’s proprietary vaccine platform.
What They Do: BioSante is a specialty pharmaceutical company focused on developing products for female sexual health and oncology.
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