Energy Focus, Inc. (Nasdaq:EFOI) a leader in providing energy efficient lighting solutions, announced that its research and development team has recently been selected to receive a $1 million Ohio Third Frontier Photovoltaic's Program ("PVP") grant to develop high performance stand alone solar powered outdoor lighting solutions. Roger Buelow, Energy Focus CTO commented. "We're excited about being selected for the Third Frontier grant. This funding will allow us to combine our advanced solar photovoltaic and LED lighting technologies to create an exciting new product category for Energy Focus. Present outdoor lighting fixtures typically use 75-250 watt HID bulbs for illumination -- significantly more power than can be generated and stored cost-effectively with solar. With only a fraction of the power required, our high performance solar powered LED solutions become practical."
Energy Focus, Inc. engages in the design, development, manufacture, marketing, and installation of energy-efficient lighting systems principally for commercial/industrial lighting and pool lighting markets. The company was formerly known as Fiberstars, Inc. and changed its name to Energy Focus, Inc. in May 2007. Energy Focus, Inc. was founded in 1985 and is based in Solon, Ohio.
AVOT, American Video Teleconferencing Corp., AVOT.PK
China is the world's largest producer of rare earth elements, most of which are used in modern technology, such as new energy sources and hybrid cars.
Rare-earth metals are not indeed that unusual. The series of nonferrous metals frequently occurs in the environment. As reported by Design Chain Associates, the majority of rare-earth metals are as common as copper, and even the most rare, is more common than gold.
Part of the market pressure on rare-earth metals comes from new demands that green technologies has prompted. The market, including electric- and hybrid-vehicle motors and wind turbines, requires magnets.
China is the world's largest producer of rare earth elements. Constraints on Chinese exports are creating opportunities for non-Chinese projects
AVOT recently reported that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties AVOT has under consideration in the province of Quebec.
AVOT also recently reported that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec.
CRWE, Crown Equity Holdings Inc., CRWE.OB
With the growth of information on the world-wide-web and the amount of time people spend on it, which has in turn generated a new market for web-based advertising. Some of the wealthiest businesses in the world have made sure that they grab their share of the internet marketing pie, and for excellent reasons.
One Advertising on the internet advantage is that, considering that the internet spans the planet, pockets of your marketplace scattered around the globe can all be targetted at once, as opposed to searching for different publications, radio and television stations that serve a particular geographical area.
Information published on the World Wide Web is automatically offered to a global audience of consumers. This does make the net an incredibly cost-effective medium to get information out to readers, reaching over 190 countries.
CRWE, together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. CRWE offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
More about CRWE at www.crownequityholdings.com
LOGIC Devices Incorporated (Nasdaq:LOGC) reported its revenues and earnings for the first quarter of fiscal 2011. Net revenues aggregated $204,800 for the quarter ended December 31, 2010, an 81 percent decrease from $1,102,200, reported in the same quarter of fiscal 2010. LOGIC reported a net loss of $406,500, or ($0.06) per share, for the fiscal 2011 quarter, compared to a net income of $83,600, or $0.01 per share, for the fiscal 2010 quarter. "Revenues for the quarter were completely unacceptable. The December quarter has become difficult in recent years as many of our customers slow operations after Thanksgiving and shut down completely for extended periods around the holidays. However, the fundamental problem remains that we have taken too long to bring new products to market and our mature products are experiencing revenue declines," stated Bill Volz, president.
LOGIC Devices Incorporated develops and markets digital integrated circuits that perform storage and signal/image processing functions. Its products enable high definition video display, transport, editing, composition, and special effects, as well as storage of electronic information.
United Community Banks, Inc. (Nasdaq:UCBI) reported a net operating loss from continuing operations of $23.6 million, or 28 cents per diluted share, for the fourth quarter of 2010. The fourth quarter operating loss excludes a partial recovery of $11.8 million, or eight cents per diluted share, from a previously incurred fraud loss related to two failed real estate developments in western North Carolina. Including the recovery, the fourth quarter net loss was $16.4 million, or 20 cents per diluted share. For 2010 and 2009, United's net operating losses from continuing operations were $143.4 million and $139.1 million, or $1.62 and $2.47 per diluted share, respectively. In the attached schedules, operating losses from continuing operations for all periods exclude consulting fee revenue and operating expenses of Brintech, Inc. during the periods it was owned by United. Also excluded is the gain from the sale of Brintech in the first quarter of 2010. The net income or loss from Brintech's discontinued operations is reported as a separate line in the consolidated statement of income.
United Community Banks, Inc. operates as the bank holding company for United Community Bank that provides retail and corporate banking services. Its deposit product line includes interest-bearing and non interest bearing deposits, NOW accounts, money market accounts, checking accounts, savings deposits, time deposits, and brokered deposits.
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