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May 27, 2009 -- International Stem Cell Corporation (OTCBB: ISCO), the first company to perfect a method of creating human "parthenogenetic" stem cells from unfertilized eggs, has received positive early results from animal trials designed to improve photorefractive keratectomy (PRK), a form of corrective laser eye surgery that offers an improved alternative to LASIK.
PRK is generally thought to be safer and produce better long-term results than LASIK, but has not been used as frequently because of patient discomfort following surgery and a longer healing time. By combining ISCO's human corneal cells with a proprietary surgical device developed by Paul H. Chen, M.D., who is conducting the trials, ISCO and Dr. Chen believe that cellular enhanced PRK can replace LASIK for many of the hundreds of thousands of patients who now use LASIK.
The first stage animal trials just completed demonstrated that ISCO's corneal cells manufactured by ISCO's subsidiary, Lifeline Cell Technology, encouraged corneal-defect healing in the animals. The trials are the first step toward gaining Food and Drug Administration (FDA) approval to test the efficacy of using ISCO's cells to improve healing after corneal surgery, and could result in the first FDA approved use of human cells produced by ISCO.
Jeffrey Janus, President of ISCO and CEO of Lifeline, noted that "The cells used in these trials are derived from donated human tissue processed using proprietary techniques devised by ISCO's subsidiary, Lifeline Cell Technology. However, ISCO's parthenogenic stem cells can also produce human corneal cells. Corneal cells derived from ISCO's parthenogenetic stem cells may provide a consistent and reliable source of corneal cells that could eliminate entirely the need for donated human tissues."
This work is being done in collaboration with Dr. Chen, who has developed the cell transfer technology. Dr. Chen is an eye surgeon at North County Laser Eye Associates, and he is on staff at Scripps Memorial La Jolla and Scripps Encinitas Hospitals.
May 27, 2009 -- Otter Tail Corporation (NASDAQ: OTTR | Quote | Chart | News | PowerRating) has hired Michael J. Olsen to be Vice President, Corporate Communications and Public Affairs. Olsen, a senior corporate communications consultant and president of Michael J. Olsen Communications since 2004, will begin his duties on June 8.
In this newly created position Olsen will be accountable for developing and implementing Otter Tail Corporation's comprehensive communication strategies and public affairs program, providing communications leadership and support for all Otter Tail businesses, and supporting the corporation's investor relations function, including producing its annual report. He will report to CEO and president John Erickson.
"Michael's vast experience as a communications professional will be important as Otter Tail Corporation advances its vision, mission, and business objectives with its internal and external stakeholders," said Erickson. "We're fortunate to have found an individual with a proven track record in managing key communications issues and outside resources. I'm glad to welcome him as an employee."
Olsen has more than 25 years of experience spanning the corporate, public, and nonprofit sectors including senior-level work with Microsoft Business Solutions, Fargo; Great Plains Software, Fargo; Himle Horner, Incorporated, Minneapolis; National Car Rental, Minneapolis; as Deputy Assistant Secretary of Transportation for Public Affairs, Washington, DC; as Press Secretary to Senator Mark Andrews (R-ND); Prairie Public Television, Fargo; and KXJB TV, Fargo. Olsen earned a Bachelor of Arts degree in speech and drama from North Dakota State University, Fargo.
"I'm fortunate to be joining a corporation with such a strong foundation and clear vision for the future," said Olsen. "Good communications is a two-way street and a key part of any successful business. I look forward to learning from the various teams at the corporation's operating companies and sharing my knowledge in return."
About The Corporation
Otter Tail Corporation has interests in diversified operations that include an electric utility, manufacturing, health services, food ingredient processing, and infrastructure businesses, which include plastics, construction, and transportation. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR.
May 27, 2009 -- THQ Inc. (NASDAQ: THQI | Quote | Chart | News | PowerRating) today announced Homefront(TM), a new First Person Shooter (FPS) from internal developer Kaos Studios(R). Penned by John Milius (Apocalypse Now, Red Dawn), Homefront is set ten years after the economic collapse of the United States and follows the American Civilian Resistance as they fight to reclaim their homeland from an oppressive North Korean occupation. Featuring a personal, story-driven single player campaign and a full suite of multiplayer options, Homefront is scheduled for release on the Xbox 360(R) video game and entertainment system from Microsoft, PLAYSTATION(R)3 computer entertainment system and Windows PC. Homefront will be unveiled at E3 2009 in THQ's booth - number 5300 in the West Hall of the Los Angeles Convention Center.
"Homefront isn't about going to war on the other side of the world or battling aliens from another planet; it's about fighting foreign invaders in your own backyard and defending your right to live," said David Votypka, design director, Kaos Studios. "Homefront combines the unsettling notion of an occupied America with interactive, player-driven narratives to create a deeply engaging single and multiplayer experience."
"Kaos Studios is using powerful narrative and environmental storytelling to create a plausible, near-futuristic setting where the people of a once mighty nation must fight to maintain their existence," said Kevin Kraff, vice president of global brand management, THQ. "This harsh backdrop will be the foundation for an emotionally-charged single-player campaign and an intense multiplayer experience."
About Homefront
The year is 2027. The world has suffered a decade-long energy crisis, and economies have crumbled. Reduced to a mere shadow of the super power it once was, the United States became the target of a North Korean takeover. American malls, suburbs and city streets are now battlegrounds as the civilian resistance fights for freedom. Featuring a compelling single player story crafted by John Milius (Apocalypse Now, Red Dawn), Homefront immerses gamers in an interactive and cinematic FPS experience where they will assume an infantry role or take command of a wide variety of aerial and ground vehicles. In addition to the single-player experience, Homefront will deliver a robust multiplayer experience. In a land stripped of freedom, the brave will fight for their home.
About THQ
THQ Inc. is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific.
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