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Martek Back in Investor Favor

Shares Martek Biosciences Corp. (Nasdaq: MATK), which makes omega-3 oils from algae, rose yesterday after a stronger-than-expected Q4 report and forecasting improved performance for 2007. Martek posted $67.2 million in sales, exceeding analyst expectations of $65.2 million. Martek earned $17.8 million (55 cents per share) for the full year ending Oct. 31 – a rise of 16.5% from the previous year. Revenue rose 25.5% to $255.8 million. Company guidance for Q1 2007 is a profit of 11-14 cents per share on revenue ranging between $66 million to $69 million. Martek says it’s planning to launch 10-15 new products in 2007. The stock is listed as “stock of the week” in Forbes. The stock, which hit $70 in 2005, has been trading in the $20s for the past two years -a real loser. The company has been faced with challenges in balancing product supply with customer orders. The company faces enormous market opportunities and is widely believed to be a stock with great upside potential for those with patience. Watch the video on Forbes today: Website: http://www.forbes.com/video/?video=fvn/sow/jd_sow121306&partner=yahootix     

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Plug Power, Vaillant Group Receive European Commission Grant

Plug Power Inc. (Nasdaq: PLUG) and Vaillant Group of Germany have been selected by the European Commission to receive a grant for the international development and demonstration of three high temperature combined heat and power proton exchange membrane (HT-PEM) fuel cell system prototypes. “This grant helps Plug Power and its partners accelerate the application of fuel cell systems as heat and power sources for commercial and residential structures,” said Dr. Roger Saillant, Plug Power’s CEO. The European Commission will provide euro 2.5 million in funding for the project, which is estimated to have a total value of more than euro 11 million over a two-year period. In October, the U.S. Department of Energy awarded $3.6 million to support the international collaboration. This is the first cooperative program in fuel cell technology between the two government entities. “Vaillant Group and Plug Power have successfully developed and tested three generations of micro combined heat and power fuel cells for more than six years. The project is a consequent further step in our partnership and offers a great potential to improve technology based on HT-PEM,” said Dr. Michel Brosset, Vaillant Group’s Managing Director. Plug Power’s operations in the Netherlands will be instrumental in […]

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Novazone Closes $7M Financing

Novazone, a provider of clean technology solutions for food and water including advanced ozone-based applications for cold storage and disinfection, has raised $7 million in a Series B financing. The funds will be used for working capital and to develop new products. New investor Chrysalix Energy led the round with participation from existing investors, Foundation Capital and Grauer Capital. “Chrysalix is excited about Novazone’s potential to transform food and water processing markets with its industry leading, environmentally safe treatment systems,” said Greg Sullivan, managing director of Chrysalix Energy. “We believe there is a strong and growing need for Novazone’s highly effective and energy efficient solutions, and the company is well suited to lead the market.” Said David Cope, president and CEO of Novazone, “Global demand for safe food and water without the use of traditional, harmful chemicals is growing dramatically. The additional capital provides the financial depth and support Novazone will need as we accelerate our sales, marketing and development efforts to align with market growth, and to continue to set the benchmark for innovative, science-based solutions that bring the world fresh, safe food and water.” About Novazone, Inc. Novazone is the leading provider of clean technology solutions for food […]

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