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REGI U.S., Inc. (OTCBB: RGUS | Quote | Chart | News | PowerRating) (Frankfurt Stock Exchange: RGJ) is pleased to announce the appointment of Paul L. Porter as Engineering Chief for REGI U.S., Inc. Mr. Porter, of Spokane, Washington, has extensive experience as an expert mechanical engineer in the manufacturing and designing of seals. Mr. Porter was the founder and President of JetSeal, Inc., a manufacturing engineering tool and producing design firm. JetSeal, Inc. was sold to Heico Corp. (HEI) an aerospace company in the late 1990's when the company was under Paul L. Porter's ownership. Prior, he was a manufacturing manager for Parker Seal Group, a Fortune 500 Company.
Mr. Porter will focus on the manufacturing of the seals for the RadMax(R) design for a diesel engine application, which is currently in the evaluation stage.
Robert Grisar, Vice President of Engineering, states, "I am very pleased to have the tremendous resilient metal seal expertise of Paul Porter involved in the most important aspect of our RadMax(R) diesel engine for interested international customers."
"The most important aspect is that REGI U.S., Inc. will retain ownership of the seal technology", states John Robertson, President of REGI U.S., Inc.
Crocs, Inc. (NASDAQ: CROX) announced that it has sold certain assets of its Foam Creations business unit, located in Quebec City, Quebec to a Canadian corporation led by former Foam Creations founder, Andrew Reddyhoff.
The sale includes the certain Foam Creations manufacturing assets as well as finished inventory and raw materials. The business will continue to operate out of its existing facility in Quebec City, Canada and will retain 26 local employees. The Foam Creations business unit was previously responsible for the manufacture and sale of industrial goods under the Crocs corporate umbrella. The business will continue to produce a range of industrial products such as spa pillows and kayak seats but will not operate in the footwear industry.
Atmel Corporation (NASDAQ: ATML | Quote | Chart | News | PowerRating) announced today that it has enrolled BitSim AB as an expert design center for projects based on its AT91CAP Customizable Microcontroller. BitSim will contribute its expertise as an ASIC and FPGA developer to provide design services to the companies' mutual clients. In addition BitSim can offer its BADGE 2D graphics accelerator as an IP (intellectual property) core that can be integrated into the CAP(TM) MP (metal programmable) block. BADGE provides 2D graphics acceleration with single or multiple video streams (including text and graphics overlay), and is an Intellectual Property (IP) core that can be used in both FPGAs and ASICs. It includes an API, and drivers for both Windows(R) Embedded CE(R) and Linux(R).
Sonus Networks (NASDAQ: SONS), a market leader in IP communications infrastructure, today announced that based on its review to date, the Company expects to report a significant decrease in year-over-year revenue for the quarter ended September 30, 2008. The Company further expects that its year-over-year revenue for the full year 2008 will decrease from the full year 2007.
The Company continues to maintain a solid financial base, ending the third quarter with no debt and with cash, cash equivalents, marketable securities and long-term investments totaling more than $400 million, up from approximately $398 million at the end of the second quarter 2008.
OTC Stock Review is not a Registered Investment Advisor or Broker/Dealer. The information in this newsletter is for informative purposes, not intended as investment advice, not an offer to buy or sell securities of the companies profiled, and is subject to change without notice. Officers, directors, and employees of OTC Stock Review, may hold a long or short equity position of a profiled company and trade in these securities for their own accounts. Information is from public releases and can not be guaranteed by OTC Stock Review. Companies profiled may carry a high investment risk; readers should review profiled companies thoroughly with their investment advisor, stockbroker, or other such professional. OTC Stock Review is not liable for any investment decisions by its readers or their advisors. Any analysis contained herein does not purport to be a complete analysis and reader's are encouraged to obtain copies of the profiled Company's periodic reports filed with United States Securities and Exchange Commission which are generally available at http://www.sec.gov or http://www.sedar.com for Canadian companies.
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