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United Natural Q2 Announces 16% Increase in Net Revenue: Conference Call March 2

Reports Record Sales of $393 Million in the Second Quarter of Fiscal 2004 United Natural Foods, Inc. (Nasdaq: UNFI) today reported net income of $7.0 million for the second quarter of fiscal 2004, ended January 31, 2004, or $0.35 per share on a diluted basis, including special items. Net income for the second quarter of fiscal 2004, excluding special items was $7.1 million, or $0.35 per share on a diluted basis. Net sales for the second quarter of fiscal 2004 were $393.2 million, an increase of $54.8 million, or 16.2%, from the $338.4 million recorded in the second quarter of fiscal 2003. This increase included growth in the independent, conventional mass market and supernatural channels of 17%, 17% and 15%, respectively. These increases include a full quarter of sales in fiscal 2004 and 2003 from Blooming Prairie, which was acquired on October 11, 2002, and a full quarter of sales in fiscal 2004 and one month of sales in fiscal 2003 from Northeast Cooperative, which was acquired on December 31, 2002. Net income for the second quarter of fiscal 2004, excluding the effect of special items, increased 31.8% to $7.1 million, or $0.35 per diluted share, compared to $5.4 million, […]

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Hydrogenics Reports Q4 & 2003 Results: Conference Call Mar. 2

Source: press release Conference call: March 2, see below for details. Successful Follow-On Equity Offering Completed In February 2004 Increases Cash Reserves To Over $100 Million Company Expenses Stock Options in 2003 TORONTO, March 2 /PRNewswire-FirstCall/ — Hydrogenics Corporation (TSX: HYG and Nasdaq: HYGS), a leading innovator, developer and manufacturer of fuel cell and hydrogen-related technologies, today announced its un-audited financial results for the fourth quarter and year ended December 31, 2003 and highlights of its recent corporate activity. All results are reported in U.S. dollars. Conference call details are provided below. Hydrogenics' fourth quarter 2003 revenues were $5.9 million, compared with $5.8 million for fourth quarter 2002. Net loss for fourth quarter 2003 was $7.7 million, or $0.14 per share, compared with a net loss of $5.1 million, or $0.11 per share, for the fourth quarter 2002. Excluding $3.2 million in non-cash amortization of intangibles and $0.7 million in stock-based compensation expense, net loss for the fourth quarter 2003 was $3.7 million, or $0.07 per share. Excluding $3.8 million in non-cash amortization of intangibles, net loss for the fourth quarter 2002 was $1.3 million or $0.03 per share. For the full year 2003, revenues increased 68 percent to $26.7 […]

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SunOpta Inc. to Acquire Distribue-Vie Fruits & Legumes Biologiques

SunOpta Inc. (Nasdaq:STKL; TSX:SOY – News) announced it has reached an agreement to acquire the outstanding shares of Distribue-Vie Fruits & Legumes Biologiques Inc. ("Distribue-Vie"). Distribue-Vie specializes in the distribution of organic fresh foods with an emphasis on produce. Select lines of grocery and drink items complement the product mix. Distribue-Vie is the dominant player in the distribution of organic produce in Quebec and operates from a warehousing facility located in Montreal, servicing the key Quebec market along with geographic reach to Eastern Ontario and the Maritime provinces. Distribue-Vie is a profitable company with revenues in the past year of approximately Cdn. $7.0 million. The addition of Distribue-Vie to SunOpta's Canadian natural and organic distribution system is expected to bring significant benefits to the customer base in the form of broader product lines and greater support for consumer education of organics through marketing and retail merchandising initiatives. Jeremy Kendall, Chairman and CEO of SunOpta Inc. commented that "When combined with our existing distribution operations, we are yet another step closer to our stated goal of creating a strong and vibrant national natural and organic foods distribution system." Denis Fisette, President and CEO of Distribue-Vie commented that "We are pleased to […]

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UQM Receives Order From AeroVironment for Use in Fuel Cells

Source: press release UQM Technologies, Inc. (Amex: UQM), a developer of alternative energy technologies, received an order from AeroVironment, Inc. for a 90 kW UQM(R) generator for use in a fuel cell project. AeroVironment, headquartered in Monrovia, California, is a leading developer of fuel cell systems, renewable energy technology, unmanned aerial vehicles, and electric vehicle systems. Commenting on the order, William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc. said, "We are pleased that AeroVironment has selected our power dense and highly efficient generator for their fuel cell test bed. As a leader in the development of efficient energy systems, unmanned aerial vehicles and electric vehicle systems for over 30 years, and the energy system development partner on the recently announced fuel cell powered Caterpillar-Elphinstone mining vehicle incorporating UQM(R) motors, AeroVironment is well versed in the performance and efficiency advantages our permanent magnet motors and generators." UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, telecommunications, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including power systems for electric, hybrid […]

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Mechanical Technology Q4 Earnings Conference Call: March 10

Mechanical Technology Inc. (NasdaqNM:MKTY) Scheduled to start Wed, Mar 10, 2004, 10:30 am Eastern Standard. Check back for the audio link. About Mechanical Technology Mechanical Technology is involved in the development and commercialization of direct methanol micro fuel cells (DMFCs) and the manufacture and sales of precision instrumentation. Mechanical Technology's operations consist of one majority owned and one wholly owned subsidiary, MTI MicroFuel Cells Inc. and MTI Instruments, Inc., respectively. The Company also has holdings in two energy companies, Plug Power Inc. and SatCon Technology Corporation. MTI Micro develops DMFCs for portable electronics.

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Cabot Microelectronics to Webcast Annual Meeting of Stockholders

Cabot Microelectronics Corp. (Nasdaq: CCMP), a leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, will webcast its Annual Meeting of Stockholders at 9:00 a.m. Eastern time, 8:00 a.m. Central time on Tuesday, March 9, 2004. Presentation material for the Annual Meeting will be available to all interested parties in the Investor Relations section of the company's website. The meeting can also be accessed via webcast at the website or by phone at 800-923-0061. Callers outside the U.S. can dial 706-634-5545. For those who cannot listen to the live broadcast, a replay will be available through March 23, 2004 by calling 800-642-1687 or 706-645-9291, access code 5647385 or via the website. About Cabot Microelectronics Cabot Microelectronics, headquartered in Aurora, Illinois, is the leading supplier of CMP slurries for polishing various materials used in semiconductor manufacturing processes. The company's products play a critical role in its customers' manufacturing processes, enabling the manufacture of smaller, faster and more complex devices. Website: [sorry this link is no longer available]     

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SunPower Corp. Achieves Record Solar Cell Efficiency

SunPower Corp. Solar Cell Achieves World Record Efficiency National Renewable Energy Laboratory Verifies 21.5% Efficiency for A-300 Silicon Solar Cell SunPower Corp., a subsidiary of Cypress Semiconductor Corp., announced its A-300 silicon solar cell has been measured at 21.5% efficiency by the National Renewable Energy Laboratory (NREL) in Golden, Colorado. This efficiency result is a world record for large-area (five-inch) silicon solar cells. Manufactured in the company's Round Rock, Texas pilot line, the A-300 solar cell is significantly more efficient than available cells in the 12-15% range. Higher-efficiency solar cells provide solar power systems with more power-per-unit area and can provide users with significant cost savings. A-300 solar cells use a back-side contact design that maximizes working cell area, hides unsightly connection wires and enables high-speed automated module production. "This efficiency world record constitutes an important milestone for SunPower,demonstrating our technology can be successfully implemented in a high-volume production process," said Tom Werner, SunPower CEO. The 125-mm, single-crystal A-300 cell generates three watts of electricity, providing the most efficient cost-per-watt solution in the photovoltaic (PV) industry. These cells can deliver more kilowatts per square meter, making these cells ideal for rooftop systems, communications, building-integrated PV systems and consumer applications. SunPower […]

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