Archive for ‘Technology’
Wireless micro cap soars on takeover bid
Shares of Kangaroo Media (TSX: V.KTV) skyrocketed 300% to 36 cents on Friday as the developer of hand-held wireless audiovisual multi-functional entertainment systems announced that it has entered into a definitive arrangement agreement for the acquisition of Kangaroo by Game Day Entertainment, LLC. Under the terms of the agreement, shareholders of Kangaroo will receive 40 cents in cash, for each common share of Kangaroo outstanding at closing, subject to a possible upward adjustment.
ARISE Technologies (T.APV) shot up 18%
Shares of ARISE Technologies (TSX: T.APV) shot up 18% to 43 cents as the solar technology provider said it has received a letter of intent for 9.54 million euros of funding from the government of North Rhine-Westphalia, Germany's largest Federal State, towards launching ARISE Technology Centre GmbH, in Gelsenkirchen, Germany.
Wireless stock pops on financial results
Shares of DragonWave (TSX: T.DWI) shot up 14% to $10.49 on Friday as the supplier of packet microwave radio systems for mobile and access networks said its second-quarter revenue soared 236% to $35.5 million from $10.6 million during the same period last year, while net income for the quarter was $6.3 million, or 21 cents a share, compared with a loss of $1.7 million a year earlier.
SemBioSys (SBS) awarded U.S. patent
In breaking news Thursday, Calgary-based SemBioSys Genetics (TSX: T.SBS) announced that it has been granted a U.S. patent for a method for the commercial production of insulin in plant seeds.
Q1 results in for Zarlink Semiconductor (ZL)
In breaking news Thursday, Ottawa-based Zarlink Semiconductor (TSX: T.ZL) released its results for Q1 fiscal 2010, including a net loss of $0.5 million, or one cent per share.
Zenn Motor confirms energy storage partner’s results
Shares of Zenn Motor Company (TSX: V.ZNN) jumped 4% to $5.46 Thursday, as the developer of electric vehicles announced that it has completed due diligence on energy storage partner EEStor, Inc.'s permittivity results of the manufacturing-grade chemicals to be used in their Electrical Energy Storage Units.
Noveko tests masks for use against H1N1
Noveko International (TSX: T.EKO) shares were up 12.5% to $2.42 Tuesday, after the air filter, face mask and antimicrobial product developer announced that it has received preliminary results of tests on the Noveko antimicrobial masks with respect to the Influenza A Virus (H1N1), similar to the one responsible for the human swine flu.
LMS Medical Systems shares surge
Shares of healthcare technology firm LMS Medical Systems (TSX: T.LMZ) climbed 85.7% to 13 cents Monday, after it announced that its subsidiary, LMS Medical Systems (Canada) Ltd. has sold its software for electronic obstetrical records with surveillance and archiving of electronic fetal monitoring information to an affiliate of McKesson Corporation (NYSE: MCK).
An airline play flew higher
Shares of AeroMechanical Services (TSX: V.AMA) surged 55% to 24 cents as the provider of technological solutions and services designed to reduce costs and improve efficiencies in the airline industry reported that it has reached an agreement with Sierra Nevada Corporation (SNC)
