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Hansen Medical (Nasdaq: HNSN) $4.87. Today announced that it has completed the European Union conformity assessment procedure and affixed a Conformité Européenne (CE) Mark on its Magellan™ Robotic System.
The Magellan Robotic System is intended to facilitate navigation to anatomical targets in the peripheral vasculature and subsequently provide a conduit for manual placement of therapeutic devices. This System was designed to assist physicians to safely, effectively and efficiently treat a variety of peripheral vascular diseases. While the CE Mark enables Hansen Medical to commence full commercial launch of the Magellan Robotic System in the European Union, the Company will commence commercialization at selected centers initially, with a full launch expected in the first half of 2012.
What They Do: Hansen Medical, Inc., based in Mountain View, California, develops products and technology using robotics for the accurate positioning, manipulation and control of catheters and catheter-based technologies.
Silicom Ltd. (Nasdaq: SILC) $19.65. Today announced its financial results for the second quarter and first half ended June 30, 2011. Financial results for the second quarter of 2011: Revenues for the second quarter increased by 39% to $9.4 million from $6.7 million in the second quarter of 2010.
On a GAAP basis, reported net income totalled $2.0 million, or $0.28 per diluted share ($0.29 per basic share), up 43% from $1.4 million, or $0.20 per basic and diluted share, in the second quarter of 2010.
On a non-GAAP basis, which excludes non-cash share-based compensation, as described and reconciled below, net income totalled $2.1 million, or $0.30 per diluted and basic share. This is up 45% compared with $1.4 million, or $0.21 per basic and diluted share in the second quarter of 2010.
Financial results for the first half of 2011: Revenues for the first half of 2011 increased by 41% to $18.5 million from $13.1 million in the first half of 2010.
On a GAAP basis, reported net income for the period totalled $3.7 million, or $0.53 per diluted share ($0.54 per basic share), up 61% from $2.3 million, or $0.33 per diluted share ($0.34 per basic share) in the first half of 2010.
What They Do: Silicom Ltd. is an industry-leading provider of high-performance networking solutions designed to increase the throughput and availability of networking appliances and server-based systems.
Wowjoint Holdings Limited (Nasdaq: BWOW) $2.68. Announced on Friday that it has signed a new equipment contract for a marine hoist.
Shenzhen Land Investment & Development Center, a government control center, signed a contract with Wowjoint for approximately $400,000 to purchase a 50 ton marine hoist. The marine hoist will be used as a yacht hoist in the 2011 Shezhen Universiade. This represents the second industry that Wowjoint has been able to penetrate with its customized marine hoist and is a large market that can lead to future sales.
"This contract with Shenzhen Land Investment & Development Center represents a substantial opportunity for Wowjoint and we are extremely pleased about our entry into this market," Mr. Yabin Liu, Chief Executive Officer of Wowjoint stated. "In February 2011, we entered the yacht industry with the sale of our marine hoist to Sunbird Yacht Company. Entering an additional market with our marine hoist demonstrates our focus on diversifying our revenue streams as well as our ability to utilize our core competency of engineering high quality machines that provide a value to our customers. We believe we will be able capitalize on our entry into this market as well as penetrating the yacht and wind power industries that we entered earlier this year."
What They Do: Wowjoint is a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction.
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