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PowerSecure Announces $12 Million of New Business for Smart Grid Enabled Power Systems Supporting Municipal Infrastructure and Manufacturing Facilities
WAKE FOREST, N.C., Jun 22, 2009 -- PowerSecure International, Inc. (Nasdaq: POWR | Quote | Chart | News | PowerRating) today announced that it has been awarded approximately $12 million of new business for its industry-leading smart grid enabled power systems. The new business is driven by awards for its Interactive Distributed Generation(R) (IDG(R)) Systems which will be deployed to support critical municipal infrastructure and manufacturing facilities. These systems incorporate the Company's intelligent NexGear(R) switchgear and will be connected to PowerSecure's monitoring center, enabling the delivery of more efficient power during periods of peak electricity demand, and ensuring a dependable supply of standby power 24x7.
These new awards consist of approximately $11 million of project-based business, and $1 million of long-term recurring revenue contracts. The $11 million of project-based business is expected to be completed and recognized primarily during the second half of 2009 and the first half of 2010, and the majority of the long-term recurring revenue business will be recognized over approximately five years beginning in the second half of 2010.
Sidney Hinton, CEO of PowerSecure, said, "We are very pleased to announce these new orders for our smart grid technology. In partnership with utilities, our IDG(R) systems are being adopted by a wide range of customers to support their energy needs. Our systems deliver a strong return on investment for utilities and their customers, and our track record of success makes us uniquely positioned in the marketplace to address the growing need for power solutions that make the grid smarter and more efficient."
PennyStockChaser.com's alerts are daily e-mail on stocks that are hot in the market. These include stocks with huge volume, penny stocks, new 52 weeks high or lows, stocks with technical indicators and much more. Our stock alerts have done very well in the last couple of weeks.
-- Axcelis Technologies, Inc. (Nasdaq:ACLS) traded at $0.556 with volume of 1.4 millions shares.
Axcelis and Applied Materials Announce Strategic Service Agreement
BEVERLY, Mass. and SANTA CLARA, Calif., Jun 22, 2009 -- Axcelis Technologies, Inc. (Nasdaq:ACLS) and Applied Materials, Inc. (Nasdaq:AMAT) today announced a strategic agreement making Applied the exclusive service provider for Axcelis semiconductor processing systems in Japan. This program will enable Axcelis' customers to utilize Applied's extensive support infrastructure in Japan to optimize the performance and productivity of Axcelis process systems.
"We are pleased to join with Applied Materials, a company widely recognized for its outstanding service capabilities," said Mary Puma, chairman and CEO of Axcelis Technologies. "This agreement will allow Axcelis to assure the highest level of satisfaction for our present and future customers in Japan. It will also enable us to focus on our key strength -- delivering world-class manufacturing technology to the semiconductor industry."
About Axcelis Technologies
Axcelis Technologies, Inc. (Nasdaq:ACLS) headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life support of ion implantation and cleaning systems. The company's Internet address is:www.axcelis.com.
-- Level 3 Communications, Inc. (Nasdaq: LVLT | Quote | Chart | News | PowerRating) traded at $1.36 with volume of 4.77 millions shares.
Level 3 Signs Debt Exchange Agreement
Will Use Cash and Issue $200 Million of New Convertible Notes due 2015 to Repurchase Approximately $282 Million of Existing Convertible Notes due 2010
BROOMFIELD, Colo., June 22, 2009 -- Level 3 Communications, Inc. (Nasdaq: LVLT | Quote | Chart | News | PowerRating) today announced it has signed an exchange agreement with an institutional investor to exchange a combination of cash and a new issue of the Company's 7% Convertible Senior Notes due March 15, 2015 (the "Notes") for a portion of the Company's existing 6% Convertible Subordinated Notes due 2010 and its 2.875% Convertible Senior Notes due 2010 held by the investor on behalf of its client accounts.
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT | Quote | Chart | News | PowerRating) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit www.Level3.com.
-- Medis Technologies Ltd. (Nasdaq: MDTL | Quote | Chart | News | PowerRating) soars 50% with volume of 4.63 millions
Tests Show Medis Fuel Cell Technology 2X Current Military Standard for Portable Applications
Rigorous Testing Conducted in Broad Range of Temperatures, Environments; Consumer, Light Industry Applications Also Targeted
NEW YORK, June 22, 2009 -- Medis Technologies Ltd. (Nasdaq: MDTL), creator of the world's first consumer portable fuel cell, announced that recently completed tests prove its fuel cell technology is more than twice as powerful as the advanced battery technology currently considered the established technology performance leader by military organizations. As a means of demonstrating its value for important portable military applications such as tactical radios with heavy-duty use profiles, the Medis fuel cell technology was tested in a broad range of temperatures and environments, and more than doubled its end-point tests. The company expects to extend the advantages of this technology to consumer applications such as laptop computers, PDAs and other electronic devices.
About Medis Technologies Ltd.
Medis Technologies Ltd. (NASDAQ: MDTL | Quote | Chart | News | PowerRating) (www.medistechnologies.com), headquartered in New York, is the first company in the world to design, develop and market a portable liquid fuel cell capable of providing electrical power to the mobile electronics marketplace. The Medis fuel cell features a patented, proprietary fuel formulation that utilizes borohydride to generate electricity upon activation; it is safe, clean, silent, non toxic, and recyclable. First generation products include the Medis 24-7 Power Pack; 24-7 Xtreme Portable Power Solution; and the Medis Fuel Cell Power Emergency Kit.
-- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) on trading of 620,105 shares at $8.52
Rockstar Games Announces Grand Theft Auto: Chinatown Wars Coming to the PSP(R) (PlayStation(R)Portable) System
NEW YORK, Jun 22, 2009 -- Rockstar Games, the world-renowned publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), is pleased to announce that one of the highest-rated handheld games of all time, Grand Theft Auto: Chinatown Wars, will be making its way to the PSP(R) (PlayStation(R)Portable) handheld entertainment system. Developed by the award-winning studio Rockstar Leeds, in conjunction with series creator Rockstar North, Grand Theft Auto: Chinatown Wars will be available at retail on UMD(R) and digitally from the PlayStation(R)Network in North America and Europe this fall.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PLAYSTATION(R)3 and PlayStation(R)2 computer entertainment systems, PSP(R) (PlayStation(R)Portable) system, Xbox 360(R) video game and entertainment system from Microsoft, Wii(TM) and Nintendo DS(TM). The Company publishes and develops products through its wholly owned labels Rockstar Games and 2K, which publishes its titles under 2K Games, 2K Sports and 2K Play. Take-Two also distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. The Company's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at www.take2games.com.
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