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PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, July 6, 2009: SPNG, OPCN, ETLY, PLX, TSM and WOR.
Jul 07, 2009 (M2 PRESSWIRE via COMTEX) --
Picksthatmove.com Alerts include SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG); OptiCon Systems, Inc. (OTCBB: OPCN); ECOtality, Inc. (OTCBB: ETLY); Protalix BioTherapeutics, Inc. (NYSE-Amex: PLX); TSMC (TWSE: 2330; NYSE: TSM) and Worthington Industries, Inc. (NYSE: WOR)
-- July 6, 2009 SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG) trading at $0.112 on a volume of 31.44M shares.
SpongeTech(R) Delivery Systems, Inc. Brands Product Line as The Smarter Sponge(TM)
SpongeTech(R) Sponge Technology Makes it The Smarter Sponge(TM)
NEW YORK, July 6, 2009 -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG) is pleased to announce that the company will begin marketing and branding its innovative product line as The Smarter Sponge(TM). The new trademark will promote and support SpongeTech(R)'s unique and innovative reusable cleaning product line that includes the Car Care, Child Care, Home Care and Pet Care sponges. This new slogan will convey a clear message to the consumers that there are no other products like SpongeTech(R)'s products in the marketplace.
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company(TM).
-- July 6, 2009 OptiCon Systems, Inc. (OTCBB: OPCN) trading at $0.10 on a volume of 781,391 shares.
OPTICON (OPCN) Receives High Eight Figure Offer for Its World-Class Hybrid Network Management System: OptiCon R4
ST. PETERSBURG, FL, Jul 06, 2009 -- OptiCon Systems, Inc. (OTCBB: OPCN), a leading global provider of communications and telecommunications software for Wireline, Wireless and fiber optics, announced today that it has received a purchase offer in high eight figures for its Hybrid Network Management System: OptiCon R4, the next generation in network management software. The Company believes that the potential marketplace for its next generation OptiCon R4 is in $20 to $40 billion dollars by 2012. Considering the pedigree, the name, its world-class architecture and other applicable and developable platform alternative uses, such as PowerCon, management believes that OptiCon R4's more accurate valuation would be much higher; hence we have rejected the offer. The Company may consider other offers if they more accurately reflect its true value. Also the Company, currently, is in the process of market valuation and platform evaluation of its OptiCon R4.
About OptiCon Systems
OptiCon Systems, Inc. provides Wireline, Wireless and fiber optics network management solutions offering proprietary state-of-the-art software, professional services and integrated systems. OptiCon Systems have been in use by companies seeking the best solution in managing their networks for the past 10 years. The company's software solutions automate all aspects of the physical and logical layer management, fault detection and delivery of information. The scalability of the software systems permits the Company to target large communications and telecom companies servicing millions of global customers to medium-sized companies managing a single facility. Besides OptiCon Network Manager (ONMS), the company will soon offer PowerCon Energy Systems (PES) that is designed to manage large power networks and facilities for power and alternative energy companies globally. The PES/ONMS isolates (power/fiber) cable cuts, breaks, and faults, and service degradation and other power and optical events to within plus or minus five feet of the event, and produces a global positioning system location for the outage to an approximate five foot section of cable.
-- July 6, 2009 ECOtality, Inc. (OTCBB: ETLY) trading at $0.12 on a volume of 385,258 shares.
ECOtality Establishes Joint Venture to Manufacture and Distribute Electric Vehicle Charging Systems in China
ECOtality Expands into China with $17.5 Million Investment Package
SCOTTSDALE, Ariz., Jul 06, 2009 -- ECOtality, Inc. (OTCBB: ETLY), a leader in clean electric transportation and storage technologies, today announced it has signed a letter of intent to enter into a joint venture with Shenzhen Goch Investment, Ltd., that will provide $15 million to establish manufacturing and distribution operations for electric vehicle (EV) charging systems in China. To support the Company's anticipated expansion, ECOtality today received a combined $2.5 million direct investment.
About ECOtality, Inc.
ECOtality, Inc. (OTCBB: ETLY), headquartered in Scottsdale, Arizona, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visitwww.ecotality.com.
-- July 6, 2009 Protalix BioTherapeutics, Inc. (NYSE-Amex:PLX) trading at $5.11 on a volume of 1.35M shares.
Protalix Approached by the FDA to Consider Submitting a Treatment Protocol for the Use of prGCD in Patients with Gaucher Disease Allowing Expanded Access to prGCD
CARMIEL, Israel, Jul 06, 2009 -- Protalix BioTherapeutics, Inc. (NYSE-Amex:PLX), announced today that it was approached by the U.S. Food and Drug Administration (FDA) and asked to consider submitting a treatment protocol for the use of prGCD in patients with Gaucher disease in order to address an expected shortage of the drug Cerezyme(R), a mammalian cell expressed version of glucocerebrosidase (GCD) and the only enzyme replacement therapy currently approved for Gaucher disease. Gaucher disease is a rare and serious lysosomal storage disorder in humans with severe and debilitating symptoms. prGCD, the Company's lead product candidate, is a proprietary plant-cell expressed recombinant form of glucocerebrosidase and is currently the subject of a Phase III clinical trial for the treatment of Gaucher disease.
About Protalix BioTherapeutics
Protalix is a biopharmaceutical company. Its goal is to become a fully integrated biopharmaceutical company focused on the development and commercialization of proprietary recombinant therapeutic proteins to be expressed through its proprietary plant cell based expression system. Protalix's ProCellEx(TM) presents a proprietary method for the expression of recombinant proteins that Protalix believes will allow for the cost-effective, industrial-scale production of recombinant therapeutic proteins in an environment free of mammalian components and viruses. Protalix is conducting a Phase III pivotal study for its lead product candidate, prGCD, to be used in enzyme replacement therapy for Gaucher disease, a lysosomal storage disorder in humans. Protalix has reached an agreement with the United States Food and Drug Administration on the final design of the pivotal Phase III clinical trial through the FDA's Special Protocol Assessment (SPA) process. Protalix has completed enrollment for this study and is treating patients in its pivotal Phase III clinical trial in North America, South America, Israel, Europe and South Africa. The study is monitored by an independent Data Monitoring Committee, including experts in the field, who monitor the on-going safety data, which has recently held their last scheduled meeting before the end of the trial. No serious adverse events have been reported in the study. Protalix is also advancing additional recombinant biopharmaceutical drug development programs.
-- July 6, 2009 TSMC (TWSE: 2330; NYSE: TSM) trading at $9.27 on a volume of 7.91M shares.
TSMC Joins the CEA-Leti Program on Multiple E-Beam Lithography for IC Manufacturing
HSINCHU, Taiwan and GRENOBLE, France, July 6, 2009 -- TSMC (TWSE: 2330; NYSE: TSM) and CEA-Leti, the leading French semiconductor research institute, signed an agreement today in which TSMC will join the new industrial program IMAGINE, led by CEA-Leti, on maskless lithography for IC manufacturing. Intended to operate for three years, this program allows companies to assess a maskless lithography infrastructure for IC manufacturing and use MAPPER Technology as a solution towards high throughput. It covers a global approach, including tool assessment, patterning and process integration, data handling, prototyping and cost analysis.
About TSMC:
TSMC is the world's largest dedicated semiconductor foundry, providing the industry's leading process technology and the foundry's largest portfolio of process-proven libraries, IP, design tools and reference flows. The Company's total managed capacity in 2008 exceeded 9 million 8-inch equivalent wafers, including capacity from two advanced 12-inch - GIGAFABs(TM), four eight-inch fabs, one six-inch fab, as well as TSMC's wholly owned subsidiaries, WaferTech and TSMC (China), and its joint venture fab, SSMC. TSMC is the first foundry to provide 40nm production capabilities. Its corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please visit http://www.tsmc.com.
-- July 6, 2009 Worthington Industries, Inc. (NYSE: WOR) trading at $12.24 on a volume of 470,348 shares
WAVE's DC FlexZone(TM) Grid System Receives Two Awards at NeoCon 2009
COLUMBUS, Ohio, Jul 06, 2009 -- Worthington Industries, Inc. (NYSE: WOR) today announced that its joint venture, Worthington Armstrong Venture (WAVE), in partnership with Armstrong, received two awards at the 2009 NeoCon World's Trade Fair(TM) for the company's new DC FlexZone(TM) Grid System.
Worthington Industries is a leading diversified metal processing company with annual sales of approximately $3 billion. The Columbus, Ohio, based company is North America's premier value-added steel processor and a leader in manufactured metal products such as metal framing, metal ceiling grid systems, pressure cylinders, automotive past model service stampings and laser welded blanks. The company employs approximately 6,500 people and operates 60 facilities in 10 countries.
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