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Martek Shares Jump on Raised Guidance

Shares of Martek Bioscience (MATK) jumped 13% in pre-market trading after the company raised Q1 revenue guidance. From the 8-K discussion last night: “Martek’s revenues for the first quarter of fiscal 2006 are expected to be between $62-$63 million compared to previously projected first quarter revenues of $58-$59 million… As previously disclosed, in February 2005, we entered into a DHA license and supply agreement with a major consumer packaged goods company… Based on recent discussions with the food company and progress to date on these development efforts, Martek currently believes that, while subject to final product selection, food formulation and consumer testing, the food company now projects that the initial product launch of a food containing Martek DHA will take place in 2007. In addition, Martek expects that another major consumer packaged goods company will be announcing and making the commercial introduction of a consumer food/ beverage product containing Martek’s DHA in the first quarter of calendar 2006…”

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SatCon Wins NASA Contract for Superconducting Motor

SatCon Technology Corporation (Nasdaq NM: SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, announced it has been awarded a Phase I SBIR contract with NASA’s John H. Glenn Research Center to develop a superconducting machine for future hybrid and all-electric aircraft. SatCon’s Applied Technology division is developing a new technology superconducting machine with the goals of improved efficiency, reduced size, and reduced cost over competing superconducting machinery technologies. SatCon is pursuing a novel design approach that uses modified-Commercial-Off-The-Shelf (COTS) cryo-cooler technology and conventional drive technology. The initial design is targeted as a propulsion motor for unmanned all electric aircraft, but the technology is also suitable for hybrid electric aircraft as a main superconducting generator. The solution can also be applied to future marine applications as generators or propulsion motors. SatCon will collaborate with cryogenics systems experts at the Massachusetts Institute of Technology to de-risk and develop the superconducting propulsion motor. For Phase II, SatCon will seek to collaborate with an aircraft manufacturer to develop a design prototype targeted for a specific aircraft application. Website: http://www.satcon.com     

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Millennium Cell Forms Alliance with Jadoo Power

Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, announced it has entered into a strategic development and licensing agreement with Jadoo Power Systems Inc., a leading supplier of portable fuel cell power systems. The agreement will allow Jadoo to license Millennium Cell’s Hydrogen on Demand technology for development and commercialization within Jadoo’s line of product offerings. Adam Briggs Millennium Cell President, commented, “This agreement is an important step forward in Millennium Cell’s strategy to broaden our access to military and commercial portable power markets. Jadoo is a recognized industry leader; the first to develop commercial products and market channels for portable fuel cells. We look forward to collaborating with Jadoo and leveraging their strength as a proven product developer.” Focused primarily on the professional broadcast and law enforcement markets for the past two years, Jadoo recently announced a move into such new markets as first responders and portable office users. The agreement will grant Jadoo the rights to design, manufacture and sell products using Millennium Cell’s technology for their targeted markets. The Millennium Cell Hydrogen on Demand technology will provide Jadoo with a high energy density, safe and cost-effective fuel cartridge to complement their existing fuel […]

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Ceres Launches Facility Reporting Project

The Facility Reporting Project (FRP) is a new initiative of the Boston-based Ceres coalition aimed at improving sustainability reporting and environmental performance at individual facilities across the country. Ceres announced that eight companies have signed on as pilot test participants. The Timberland Company just announced it would develop a sustainability report for its Dominican Republic manufacturing facility, using draft reporting guidance developed by FRP over the past two years. The experience of Timberland and New Hampshire Ball Bearings, another participating company, will help shape the final Sustainability Reporting Guidance, which Ceres expects to issue later this year. “This new agreement with Timberland is a key milestone in Ceres’ efforts to bring the Facility Reporting Project to as many companies and facilities as possible,” said Mindy S. Lubber, president of Ceres, “Timberland and NH Ball Bearings both deserve kudos for recognizing the importance of facility-wide reporting and investing time and energy to develop a program that will bring environmental benefits all across the country.” “We are thrilled to work with Ceres on this project and hope the collaboration will expand our understanding of Timberland’s environmental and social impacts in the many communities where the company and our suppliers operate,” said Alex […]

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SolarWorld Raises Capital, Takes Stake in Solarparc

SolarWorld AG has raised 233.7 million EUR in liquid funds for the company by issuing 1.3 million shares to institutional investors. The company also announced it will acquire a 29 per cent stake in Solarparc AG (ISIN: DE0006352537), a specialist in the construction, operation and placement of large solar power plants. As a result of issuing the new shares outstanding shares will rise to 13.965 million shares in SolarWorld. The proceeds of the issue will be used, among other things, to “to intensify our supplier-independent silicon production in order to consistently implement the full capacity utilization of our new production locations in the USA and the rapid expansion in Germany”, said CEO Frank Asbeck. “The business activities of Solarparc AG constitute an ideal complement to our own sales possibilities against the background of the clear-cut future growth in the production potential of our company. With this acquisition SolarWorld AG is integrating another part of the solar value chain on the distribution side.” Solarparc AG is planning the construction of solar power plants both in Germany and abroad. These will be innovative so-called Suntrac tracking plants that are designed to follow the movement of the sun. “Our tracking solar power plants […]

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