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Steroid Stocks: Steroidstocks.com Lists Stocks on Steroids
Mar 24, 2010 (M2 PRESSWIRE via COMTEX) --
SteroidStocks.com Says:(NASDAQ:DGII) Digi International, Inc.,(NASDAQ:EDGR) EDGAR Online, Inc. and (NASDAQ:FCEL) FuelCell Energy, Inc. are on STEROIDS!
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About Digi International, Inc:
Digi International is making wireless M2M easy by developing reliable products and solutions to connect and securely manage local or remote electronic devices over the network or via the Web. Digi offers the highest levels of performance, flexibility and quality, and markets its products through a global network of distributors and resellers, systems integrators and original equipment manufacturers (OEMs). For more information, visit Digi's Web site at www.digi.com, or call 877-912-3444.
News Today:
MINNETONKA, Minn., Mar 24, 2010--Digi International (NASDAQ: DGII) today announced that it has selected Ericsson to provide 3G cellular connectivity for machine-to-machine (M2M) applications. Digi is using Ericsson's 3G HSPA modules to enable high-speed cellular connectivity across select Digi Connect and Digi TransPort cellular gateways. Digi cellular gateways provide primary and backup connectivity via high-speed 3G connections to remote sites and devices. They are ideal for remote device connectivity within energy, transportation, financial/ATM, retail and other M2M applications. Ericsson's HSPA technology also enables a range of new, high-speed M2M applications, such as video surveillance, where high-bandwidth and higher upload speeds are required.
"We are excited to work with Ericsson, a global leader in 3G mobile broadband network technology," said Larry Kraft, senior vice president of global sales and marketing, Digi International. "The collaboration allows for rapid global adoption of Digi gateways with strategic carriers where Ericsson relationships already exist. Customers can now realize high-speed network connectivity with the global leaders in M2M wireless connectivity and 3G HSPA mobile technology."
"Everything that benefits from a network connection will eventually have one," said Mats Norin, vice president, head of Mobile Broadband Modules at Ericsson. "There is a strong trend toward connecting devices in M2M applications, and our embedded modules enable HSPA in any device. Digi is a leading company in M2M wireless connectivity, and this collaboration opens up new opportunities for us in a rapidly growing market."
From remote energy to point-of-sale (POS) applications, Digi offers the industry's broadest line of cellular gateways designed specifically for M2M applications. Operating in 175 countries and providing support for networks with more than 2 billion subscribers, Ericsson is the leading provider of high-speed 3G technology infrastructure. The partnership of these two organizations makes it easier for customers to connect devices in M2M applications.
Digi also offers professional engineering services through Spectrum Design Solutions, Digi's wireless consulting group, to help organizations develop cellular technology with custom application requirements. Digi gateways featuring Ericsson technology can also easily migrate to future 4G networks.
For more information about Digi's cellular products, visit www.digi.com/products/cellulargateways.
About Ericsson
Ericsson is the world's leading provider of technology and services to telecom operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and provides support for networks with over 2 billion subscribers and has the leading position in managed services. The company's portfolio comprises mobile and fixed network infrastructure, telecom services, software, broadband and multimedia solutions for operators, enterprises and the media industry. The Sony Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of being the "prime driver in an all-communicating world" through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 80,000 employees generated revenue of SEK 206.5 billion (USD 27.1 billion) in 2009. Founded in 1876 with the headquarters in Stockholm, Sweden, Ericsson is listed on OMX NASDAQ, Stockholm and NASDAQ New York.
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About EDGAR(R) Online, Inc:
EDGAR Online, Inc. www.edgar-online.com, is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The company makes its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.
News Today:
NEW YORK, March 24, 2010--EDGAR(R) Online, Inc. (Nasdaq: EDGR) announced today that Diana M. Bourke will be joining the company. Ms. Bourke will assume the title of Chief Operations Officer and will join the company full time on April 5, 2010.
Prior to joining EDGAR Online, Ms. Bourke was most recently President and Chief Executive Officer of Inveshare Inc., formerly known as Swingvote. Inveshare delivers shareholder communication and voting technology solutions to brokers and clearing firms for their retail investors.
Ms. Bourke's financial and compliance background includes several executive positions with Institutional Shareholder Services (ISS) the leading provider of corporate governance and proxy voting solutions and a subsidiary of RiskMetrics Group. Before joining RMG/ISS in 2004, Ms. Bourke had over 25 years business experience with a focus on technology and operations in a variety of industries. She was CIO and SVP of Operations for CIGNA Health Services, President and COO of SCP Communications, a medical communications company and SVP of Systems and Operations for ACNielsen. She also held various roles including CEO of NCH Promotional Services (a division of Dun & Bradstreet), VP of Application Development and Technology Infrastructure at Heller Financial, and served in a variety of technology roles early in her career with International Harvester. Ms. Bourke's career has been focused on driving quality and efficiency through the combination of process improvement and technology enablement.
EDGAR Online President and CEO Philip Moyer said, "We are delighted to have Diana as our Chief Operations Officer. Diana will be an officer of the company and take on a pivotal role for EDGAR Online as we expand and extend our XBRL offerings. We are seeing great demand for our XBRL products and services. Diana brings the financial, compliance, technical and strategic experience that we were looking for on our senior management team to help us scale our business to take advantage of the growth opportunities we see. She is joining EDGAR Online at an exciting and demanding time in the growth of the company and I have every confidence that her skills will accelerate our progress and add enormous value to our senior management team".
Ms. Bourke is a Summa Cum Laude, Phi Beta Kappa graduate of the University of Notre Dame with a double major in Economics and Philosophy. Ms. Bourke has served on the Board of Northwest Community Hospital in Arlington Heights, Illinois and is currently on the Board of Trudeau Institute in Saranac Lake, New York.
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About FuelCell Energy, Inc:
DFC(R) fuel cells are generating power at over 50 locations worldwide. The Company's power plants have generated over 450 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers and power companies around the world. The Company also receives funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as fuel cells. For more information please visit our website at www.fuelcellenergy.com
News Today:
DANBURY, Conn., Mar 24, 2010--FuelCell Energy (Nasdaq:FCEL), a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government and utility customers, today announced the passage of a Renewable Portfolio Standard (RPS) by the National Assembly of the Republic of Korea, requiring 4 percent clean energy generation by 2015 and 10 percent by 2022.
Today, only about one percent of Korea's electricity comes from renewable resources. The program, which will become effective in 2012, will mandate 350 megawatts (MW) of additional renewable energy per year through 2016, and 700 megawatts per year through 2022. Carrying forward, the policy introduced in 2006 under Korea's feed-in tariff program, the government has elected to designate fuel cells operating on natural gas and biogas as "New and Renewable Energy," fully qualifying under the new program.
"South Korea recognizes the inherent advantages of fuel cell power generation -- clean, low carbon, dependable and reliable -- and this week's announcement solidifies our place in the mandated mix of ultra-clean and renewable energy," said Ben Toby, Vice President of Global Business Development for FuelCell Energy. "With our successful track record in Korea, and our strong relationship with our partner POSCO Power, we are confident that this new policy will help drive our international market growth. There is no other fuel cell company on the planet with the products that meet Korea's need for baseload, clean power for grid-support as well as ours."
Highly efficient, clean and reliable fuel cells operating on widely available natural gas, as well as renewable biogas from wastewater treatment facilities, agricultural waste streams, and food and beverage facilities, will help South Korea achieve these RPS targets. Fuel cells provide baseload power to the grid, which complements and supplements power produced from intermittent sources like wind and solar. Already 24 MW of FuelCell Energy power plants are operating in South Korea. The new RPS law replaces and expands the existing voluntary Renewable Portfolio Agreement (RPA). Over the past three years, FuelCell Energy and its strategic partner POSCO Power have secured customer orders well over 90 percent of the 50 MW voluntary RPA fuel cell target.
FuelCell Energy's fuel cells are twice as electrically efficient as other distributed generation their size, which means less fuel is used. Because fuel cells produce power electro-chemically, without combustion, they produce near-zero emissions and have proven to be highly reliable since going commercial in 2003 FuelCell Energy currently has 97 megawatts of product installed or in backlog worldwide.
To meet expected demand, further the cost reduction progress, and solidify market leadership, POSCO Power and FuelCell Energy announced a program of manufacturing localization, under which fuel cell stack modules will be manufactured by POSCO Power in Korea from core components manufactured by FuelCell Energy in Connecticut. POSCO Power has already commenced operation of its new balance of plant facility in Pohang, South Korea, and is expected to begin the expanded scope of manufacturing late this year.
Over the next six months, with input from industry, academics, and the general public, experts from the Ministry of Knowledge Economy (MKE) and the Korean Electro-technology Research Institute (KERI) will finalize implementation details for the new RPS. Considering the mandated requirement for addition of substantial new renewable capacity before 2012, utility companies throughout South Korea are expected to move project development plans into high gear.
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About SteroidStocks.com
SteroidStocks.com is written and published by SteroidStocks.com employees. Readers are advised that this analysis report is issued solely for informational purposes. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SteroidStocks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. For additional information, please visit www.steroidstocks.com or e-mail info@steroidstocks.com.
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