Easy Energy (OTCBB: ESYE) Closed at $0.09. Today announced that it has completed finalization of the design of the smaller of its two models of YoGen® chargers and is now ready to outline its timetable for placing the two YoGen® models into mass production.
The company has reached the point where it is now able to provide a timetable for the process of ramping up commercial mass production of both models of the YoGen® charger. The tooling is either under construction or completed and many components are already in hand. Easy Energy anticipates the first assembly pilot run of 100 units to begin on March 11, 2009, followed by an assembly pilot run of 1000 units beginning on March 27, 2009. Mass production of the two models is then planned to be initiated on April 9, 2009.
"We are now seeing the concrete results of all of the planning and hard work it has taken to bring our company to this point in the process of commercializing our breakthrough YoGen® technology," stated Guy Ofir, CEO of Easy Energy, Inc. "In addition to going into mass production with the YoGen® models, we are making great progress on other fronts as well. We intend to soon be announcing more progress regarding those of our products, which are still in development and will also be providing updates on advances pertaining to our marketing and distribution efforts. This is truly an exciting time for Easy Energy."
What They Do: Easy Energy is the sole owner of the YoGen® product suite of compact man-powered generators, which are designed to provide an innovative and effective solution to the currently underserved need of the almost limitless users of portable electronics devices for a power source that will ensure those devices' ability to operate in circumstances in which conventional recharging sources are unavailable. Included in the product line are the basic YoGen®, a slim, pocket-sized charger for small devices such as cell phones, GPS, iPODs, etc., which is operated by a convenient pull-cord; the YoGen Max(TM), a compact, fold-up foot-driven charger for laptop computer-sized devices which also includes its own battery pack; and the most recently prototyped YoGen Bat(TM), which will replace a conventional cell phone battery and provide pull-cord charging capability without the need for a stand-alone charger.
How They Trade: ESYE has a 52 week high of $0.36 and a 52 week low of $0.02.
Riverbed Technology (Nasdaq: RVBD) Closed at $9.01. Today announced it has agreed to acquire Mazu Networks, a privately-owned company that helps organizations manage, secure and optimize the availability and performance of global applications. The Mazu organization, based in Cambridge, Massachusetts, will become a business unit of Riverbed. In connection with the acquisition of all of the outstanding securities of Mazu, Riverbed will pay approximately $25 million in cash at closing, with an additional possible payment to be paid subsequent to closing based on future sales performance.
Mazu Networks provides a unique, powerful and flexible analysis and reporting software that provides a holistic, real-time view of application usage and performance. This perspective is critical to understanding the application environment and taking the right steps to validate and ensure delivery of business-critical applications across the wide area network (WAN).
What They Do: Riverbed Technology is the technology and market leader in WAN optimization solutions for companies worldwide.
How They Trade: RVBD has a 52 week high of $24.24 and a 52 week low of $7.10.
Callaway Golf Company (NYSE: ELY) Closed at $8.42. Today announced that, based on current information, the Company’s full year net sales for 2008 are estimated to be $1.117 billion compared to $1.125 billion in 2007. Consistent with the Company’s recent earnings guidance, pro forma diluted earnings per share for 2008 are estimated to range from $0.93 to $0.95 (on 63.8 million shares outstanding), an increase of approximately 6% compared to pro forma diluted earnings per share of $0.89 in 2007 (on 67.5 million shares outstanding).
What They Do: Callaway Golf Company (NYSE: ELY) creates products and services designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories, under the Callaway Golf®, Odyssey®, Top-Flite®, and Ben Hogan® brands in more than 110 countries worldwide.
How They Trade: ELY has a 52 week high of $18.20 and a 52 week low of $7.55.
Alexza Pharmaceuticals (Nasdaq: ALXA) Closed at $2.68. Today announced that it has initiated a Phase 2b clinical trial with AZ-104 (Staccato loxapine) in patients with migraine headaches. AZ-104 is a lower-dose version of AZ-004 (Staccato loxapine), Alexza's lead product candidate that is in late Phase 3 clinical development for the acute treatment of agitation in patients with schizophrenia or bipolar disorder. The Company has previously announced positive results in two Phase 3 trials of AZ-004 and expects to submit a New Drug Application for AZ-004 in early 2010. AZ-104 and AZ-004 are being developed through Symphony Allegro, a product development partnership formed between Alexza and Symphony Capital, LLC.
What They Do: Alexza Pharmaceuticals is an emerging specialty pharmaceutical company focused on the development and commercialization of novel, proprietary products for the treatment of acute and intermittent conditions.
How They Trade: ALXA has a 52 week high of $7.69 and a 52 week low of $1.16.
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