ORLANDO, Fla., Sep 30, 2008 (GlobeNewswire) -- RedChip Visibility, a division of RedChip Companies, Inc., announced today that it has issued a second quarter 2008 research update for ZAGG, Inc. (OTCBB:ZAGG), a company that designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices under the brand name invisibleSHIELD(tm).
Ekta Bhatia, MBS, RedChip Research Analyst, reported:
"Ahead of expectations, ZAGG demonstrated profitability in 2Q08 which we believed, comparatively, to be a sluggish quarter. The Company maintained its revenue drift, accomplishing 240% year-over-year revenue growth in the second quarter, and we expect firm growth going forward as the third and fourth quarters are usually fundamentally strong."
"ZAGG is aggressively pursuing alliances with big box retailers, and we believe these alliances will be catalysts to the Company's successful penetration in the market. Although ZAGG has competition, its first-mover advantage and reliable business association both at the back and front ends will give it an edge over the next two to three years," she continued.
"We believe ZAGG's evolution as an exclusive distributor of protective electronic coverings has been very impressive, and it offers a conservative investment opportunity in a specialty retail segment. We maintain our 'Speculative Buy' rating and have revised upward our 12-month target price to $2.25 to encapsulate the recent revenue and business gains amidst a difficult economic environment," Bhatia concluded.
To receive a complimentary copy of the RedChip Visibility Research Report for ZAGG, please visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=136&from=09302008pr.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
"Discovering Tomorrow's Blue Chips Today"(tm)
The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. ZAGG, Inc. paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for RedChip Visibility Program services, which included the preparation of this equity research report.
RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. ZAGG, Inc. agreed to pay RedChip Companies, Inc., a fee of $7,500 in cash and 50,000 shares of common stock under Rule 144 for six months of these services. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability, or other theory with respect to this presentation of information.
RedChip Companies, Inc.
1-800-REDCHIP (733-2447 ext. 106)
Research@RedChip.com
www.RedChip.com
Tuesday, September 30, 2008
RedChip Visibility Issues Third Quarter 2008 Research Update On XsunX
ORLANDO, Fla., Sep 29, 2008 (GlobeNewswire) -- RedChip Visibility, a division of RedChip Companies, Inc., has issued a third quarter 2008 research update for XsunX Inc. (OTCBB:XSNX), a solar technology company engaged in designing and manufacturing a system for producing and marketing thin-film amorphous solar modules.
Neha Bhargava, MBA, RedChip Research Analyst, reported:
"XSNX recently announced its new business initiative, which marks a shift in its business strategy whereby the Company will not only sell wholesale to installers but will also utilize some of its production capacities and itself become the installer as well as operator of solar farms on a BOT (build-operate-transfer) basis."
"We continue to believe the stock will gain as the Company progresses toward commercial production of solar cells and modules. The current scenario gives us a view that XSNX is building a strong platform for future revenue opportunities as XSNX is identifying more solar power project opportunities for which it intends to bid for the power supply. Also, the Company is moving in the right direction by exploiting opportunities in the rapidly growing thin film solar PV market, which we believe offers the lowest manufacturing cost per watt at the module level and will likely maintain a cost per watt advantage over the more dominant crystalline silicon-based modules. We reiterate our 'Speculative Buy' rating on XSNX stock and raise our target price to $1.57," Bhargava concluded.
To receive a complimentary copy of the RedChip Visibility Research Report for XSNX, please visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=135&from=09292008pr.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
"Discovering Tomorrow's Blue Chips Today"(tm)
Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. XsunX Inc. paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for RedChip Visibility Program services, which included the preparation of this equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability, or other theory with respect to this presentation of information.
RedChip Companies, Inc.
1-800-REDCHIP (733-2447 ext. 106)
Research@RedChip.com
www.RedChip.com
Neha Bhargava, MBA, RedChip Research Analyst, reported:
"XSNX recently announced its new business initiative, which marks a shift in its business strategy whereby the Company will not only sell wholesale to installers but will also utilize some of its production capacities and itself become the installer as well as operator of solar farms on a BOT (build-operate-transfer) basis."
"We continue to believe the stock will gain as the Company progresses toward commercial production of solar cells and modules. The current scenario gives us a view that XSNX is building a strong platform for future revenue opportunities as XSNX is identifying more solar power project opportunities for which it intends to bid for the power supply. Also, the Company is moving in the right direction by exploiting opportunities in the rapidly growing thin film solar PV market, which we believe offers the lowest manufacturing cost per watt at the module level and will likely maintain a cost per watt advantage over the more dominant crystalline silicon-based modules. We reiterate our 'Speculative Buy' rating on XSNX stock and raise our target price to $1.57," Bhargava concluded.
To receive a complimentary copy of the RedChip Visibility Research Report for XSNX, please visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=135&from=09292008pr.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
"Discovering Tomorrow's Blue Chips Today"(tm)
Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. XsunX Inc. paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for RedChip Visibility Program services, which included the preparation of this equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability, or other theory with respect to this presentation of information.
RedChip Companies, Inc.
1-800-REDCHIP (733-2447 ext. 106)
Research@RedChip.com
www.RedChip.com
RedChip Drops Research Coverage On Alternative Construction Technologies
ORLANDO, Fla., Sep 26, 2008 (GlobeNewswire via COMTEX) -- RedChip Visibility, a division of RedChip Companies, Inc., today announced that it has dropped research coverage on Alternative Construction Technologies, Inc. (OTCBB:ACCY).
RedChip Companies' initial rating of "Buy" and 24-month target price of $12.28 issued November 1, 2007, recent 2008 ratings of "Speculative Buy" with a 12-month target price of $2.79 and "Sell" rating issued August 28, 2008, are no longer active. For further information on RedChip Companies, its rating system and its dropping coverage policy, please visit http://www.redchip.com/independent/redchipresearch.asp?show=dropped and review any and all pertinent policies and disclosures.
About Alternative Construction Technologies, Inc.
Alternative Construction Technologies possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and production of state of the art buildings in commercial, residential, industrial and modular building applications. Alternative Construction Technologies is headquartered in Melbourne, Florida.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. Alternative Construction Technologies, Inc. paid RedChip Visibility, a division of RedChip Companies, Inc., $36,000 for RedChip Visibility Program services, which included the preparation of the equity research reports. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information.
RedChip Companies, Inc.
1-800-REDCHIP (733-2447), Ext. 106
Research@RedChip.com
www.redchip.com
RedChip Companies' initial rating of "Buy" and 24-month target price of $12.28 issued November 1, 2007, recent 2008 ratings of "Speculative Buy" with a 12-month target price of $2.79 and "Sell" rating issued August 28, 2008, are no longer active. For further information on RedChip Companies, its rating system and its dropping coverage policy, please visit http://www.redchip.com/independent/redchipresearch.asp?show=dropped and review any and all pertinent policies and disclosures.
About Alternative Construction Technologies, Inc.
Alternative Construction Technologies possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and production of state of the art buildings in commercial, residential, industrial and modular building applications. Alternative Construction Technologies is headquartered in Melbourne, Florida.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. Alternative Construction Technologies, Inc. paid RedChip Visibility, a division of RedChip Companies, Inc., $36,000 for RedChip Visibility Program services, which included the preparation of the equity research reports. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information.
RedChip Companies, Inc.
1-800-REDCHIP (733-2447), Ext. 106
Research@RedChip.com
www.redchip.com
RedChip Drops Research Coverage On Newtek Business Services
ORLANDO, Fla., Sept. 24, 2008 (GLOBE NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., today announced that it has dropped research coverage on Newtek Business Services, Inc. (Nasdaq:NEWT).
RedChip Companies' initial rating of "Speculative Buy" and target price of $3.50 and later ratings of "Buy" and target prices of $3.50 are no longer active. For further information on RedChip Companies, our rating system and our dropping coverage policy, please visit http://www.redchip.com/independent/redchipresearch.asp?show=dropped and review any and all pertinent policies and disclosures.
About Newtek Business Services
Newtek is a direct distributor of business and financial services to 88,000 small and medium-sized businesses, acting through it's wholly and majority owned subsidiaries. Newtek provides electronic merchant payment processing to more than 13,400 small business merchants and specializes in providing small business loans guaranteed by Small Business Administration. In addition, Newtek provides business brokerage, tax filings, advisory services, payroll services and business plan preparation, and deals in insurance products.
About RedChip Independent(tm)
RedChip Companies, Inc. is a well-established source of independent research and information on the small-cap market. Dedicated to "Discovering Tomorrow's Blue Chips Today,"(tm) its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar screen. To view the full versions of RedChip Independent equity research reports, subscribe to RedChip's Research Community online by visiting http://www.redchip.com/research/researchmain.asp or call 1-800-REDCHIP.
The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Disclosure
Neither RedChip Companies nor the analyst has received any compensation from Newtek Business Services, Inc. or any other party for the writing and preparation of the equity research report(s). The analyst(s) contributing to the report(s) do not hold any shares of the subject securities. The report(s) are based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures, or other derivatives related to such securities.
CONTACT:
RedChip Companies, Inc.
1-800-REDCHIP (733-2447 ext. 106)
Research@RedChip.com
www.RedChip.com
RedChip Companies' initial rating of "Speculative Buy" and target price of $3.50 and later ratings of "Buy" and target prices of $3.50 are no longer active. For further information on RedChip Companies, our rating system and our dropping coverage policy, please visit http://www.redchip.com/independent/redchipresearch.asp?show=dropped and review any and all pertinent policies and disclosures.
About Newtek Business Services
Newtek is a direct distributor of business and financial services to 88,000 small and medium-sized businesses, acting through it's wholly and majority owned subsidiaries. Newtek provides electronic merchant payment processing to more than 13,400 small business merchants and specializes in providing small business loans guaranteed by Small Business Administration. In addition, Newtek provides business brokerage, tax filings, advisory services, payroll services and business plan preparation, and deals in insurance products.
About RedChip Independent(tm)
RedChip Companies, Inc. is a well-established source of independent research and information on the small-cap market. Dedicated to "Discovering Tomorrow's Blue Chips Today,"(tm) its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar screen. To view the full versions of RedChip Independent equity research reports, subscribe to RedChip's Research Community online by visiting http://www.redchip.com/research/researchmain.asp or call 1-800-REDCHIP.
The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Disclosure
Neither RedChip Companies nor the analyst has received any compensation from Newtek Business Services, Inc. or any other party for the writing and preparation of the equity research report(s). The analyst(s) contributing to the report(s) do not hold any shares of the subject securities. The report(s) are based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures, or other derivatives related to such securities.
CONTACT:
RedChip Companies, Inc.
1-800-REDCHIP (733-2447 ext. 106)
Research@RedChip.com
www.RedChip.com
Monday, September 22, 2008
Quantum and German Solar Partner Asola Continue Expansion in Europe; Sign Agreement With Leading Italian Renewable Energy System Integrator
Monday September 22, 9:30 am ET
IRVINE, Calif., Sept. 22 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NasdaqGM: QTWW) today announced that its German solar photovoltaic partner, Asola has signed an agreement to establish a joint venture in Southern Italy, to enable production and distribution of high quality, German-designed solar modules in Italy. The Italian partner, Eurobox Impianti s.r.l., is a leading developer of renewable energy projects including wind and solar power projects. The initial capacity is 30 MW (megawatts of peak power) solar modules consisting or mono- and poly-crystalline silicon solar modules, with a potential to generate revenues in excess of $100 Million annually. Asola will hold the controlling stake in this joint venture.
"This deal gives us access to the Italian market, which is the third largest solar energy market in Europe with potential for 250 MW in 2009", commented Reinhard Wecker, the founder and CEO of Asola. "Our partner brings significant experience in this fast-growing market. Their in-house project development and system integration capabilities allow them to undertake large solar power projects. We are happy to bring our 20-years of German solar experience and global sourcing knowledge to this key market".
"This agreement represents an important milestone for Asola and Quantum", said Alan P. Niedzwiecki, President and CEO of Quantum. "With the recently announced tripling of Asola's manufacturing capacity in Germany, and planned expansions Korea, Italy, and in California, we will be well-positioned to play an important role in the global solar energy industry".
Quantum holds a 25% stake in Asola, and has initiated discussions related to an expanded partnership in a "Centralized Holding Structure". Quantum and Asola have entered into a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. Together with supply contracts with other major suppliers around the world (i.e. SUNERGY, MOTECH and others), the Ersol agreement guarantees a steady supply of solar cells to Quantum and Asola. Resulting sales from these supply agreements are anticipated to generate in excess of US $600 million for Asola and Quantum.
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has co-founded a "green American car company" called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. The Fisker KARMA, launched at the Detroit International Auto Show in January, 2008, incorporates an advanced solar-photovoltaic roof designed by Asola. More information is available at http://www.fiskerautomotive.com.
More information can be found about Quantum's products and services at http://www.qtww.com.
About Asola:
Asola Advanced and Automotive Solar Systems GmbH produces and markets high-quality silicon-based photovoltaic modules that comprise 4, 5, 6, or 6+ mono-crystalline or polycrystalline silicon cells. Asola's technologies include high output and high efficiency flat modules for residential and industrial applications, specialized spherical modules for automotive applications and modules for various thin film technologies. Asola is presently developing, for mass production for the plug-in-hybrid solar electric car, the Fisker KARMA, the most spherically-bent solar car roof in the world. More information can be found in http://www.asola-power.com. With additional expansions in Germany, the US, Italy etc., the Asola-Quantum group will soon become one of the most geographically diverse module manufacturers in the world.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Asola and Quantum; Asola's ability to secure solar cells and fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, Asola's ability to expand production, the overall expansion of the solar industry, and general economic conditions. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2008. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
At Quantum:
Dale Rasmussen
Investor Relations
DRasmussen@qtww.com
1-206-315-8242
Dr. Neel Sirosh
Chief Technology Officer
nsirosh@qtww.com
1-949-399-4698
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP (733-2447, Ext. 115)
info@redchip.com
http://www.redchip.com
At Asola:
Reinhard Wecker
CEO
r-wecker@asola-power.com
+49 (0) 3643 49 890 010
At Eurobox:
Silletti Nunzio
Managing Director
n.silletti@eurobox.it
+39 0521 303478
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100
Orlando, FL 32751
(800) 733-2447
Fax: (407) 644-0758
info@redchip.com
IRVINE, Calif., Sept. 22 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NasdaqGM: QTWW) today announced that its German solar photovoltaic partner, Asola has signed an agreement to establish a joint venture in Southern Italy, to enable production and distribution of high quality, German-designed solar modules in Italy. The Italian partner, Eurobox Impianti s.r.l., is a leading developer of renewable energy projects including wind and solar power projects. The initial capacity is 30 MW (megawatts of peak power) solar modules consisting or mono- and poly-crystalline silicon solar modules, with a potential to generate revenues in excess of $100 Million annually. Asola will hold the controlling stake in this joint venture.
"This deal gives us access to the Italian market, which is the third largest solar energy market in Europe with potential for 250 MW in 2009", commented Reinhard Wecker, the founder and CEO of Asola. "Our partner brings significant experience in this fast-growing market. Their in-house project development and system integration capabilities allow them to undertake large solar power projects. We are happy to bring our 20-years of German solar experience and global sourcing knowledge to this key market".
"This agreement represents an important milestone for Asola and Quantum", said Alan P. Niedzwiecki, President and CEO of Quantum. "With the recently announced tripling of Asola's manufacturing capacity in Germany, and planned expansions Korea, Italy, and in California, we will be well-positioned to play an important role in the global solar energy industry".
Quantum holds a 25% stake in Asola, and has initiated discussions related to an expanded partnership in a "Centralized Holding Structure". Quantum and Asola have entered into a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. Together with supply contracts with other major suppliers around the world (i.e. SUNERGY, MOTECH and others), the Ersol agreement guarantees a steady supply of solar cells to Quantum and Asola. Resulting sales from these supply agreements are anticipated to generate in excess of US $600 million for Asola and Quantum.
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has co-founded a "green American car company" called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. The Fisker KARMA, launched at the Detroit International Auto Show in January, 2008, incorporates an advanced solar-photovoltaic roof designed by Asola. More information is available at http://www.fiskerautomotive.com.
More information can be found about Quantum's products and services at http://www.qtww.com.
About Asola:
Asola Advanced and Automotive Solar Systems GmbH produces and markets high-quality silicon-based photovoltaic modules that comprise 4, 5, 6, or 6+ mono-crystalline or polycrystalline silicon cells. Asola's technologies include high output and high efficiency flat modules for residential and industrial applications, specialized spherical modules for automotive applications and modules for various thin film technologies. Asola is presently developing, for mass production for the plug-in-hybrid solar electric car, the Fisker KARMA, the most spherically-bent solar car roof in the world. More information can be found in http://www.asola-power.com. With additional expansions in Germany, the US, Italy etc., the Asola-Quantum group will soon become one of the most geographically diverse module manufacturers in the world.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Asola and Quantum; Asola's ability to secure solar cells and fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, Asola's ability to expand production, the overall expansion of the solar industry, and general economic conditions. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2008. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
At Quantum:
Dale Rasmussen
Investor Relations
DRasmussen@qtww.com
1-206-315-8242
Dr. Neel Sirosh
Chief Technology Officer
nsirosh@qtww.com
1-949-399-4698
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP (733-2447, Ext. 115)
info@redchip.com
http://www.redchip.com
At Asola:
Reinhard Wecker
CEO
r-wecker@asola-power.com
+49 (0) 3643 49 890 010
At Eurobox:
Silletti Nunzio
Managing Director
n.silletti@eurobox.it
+39 0521 303478
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100
Orlando, FL 32751
(800) 733-2447
Fax: (407) 644-0758
info@redchip.com
Thursday, September 18, 2008
Solar Stocks Sector Close Up - Solar Integrators Deliver Growth
Thursday September 18, 9:09 am ET
POINT ROBERTS, WA and DELTA, BC--(MARKET WIRE)--Sep 18, 2008 -- www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks in the Green Investor series by environmental writer Paulo Nery. Solar stocks featured include Premier Power Renewable Energy Inc., Akeena Solar (AKNS) and XsunX, Inc. (OTC BB: XSNX.OB).
Green Investor at Investorideas.com
Column by Paulo Nery, Exclusively for Investorideas.com
Solar Integrators Deliver Growth
Excerpt: (Full story at http://www.investorideas.com/gi/)
While the whole market seemed to be slipping downhill on September 15th, there was one bold company that actually listed publicly that day and seemed to roar straight out of the gates. That company was Premier Power Renewable Energy Inc which launched on the Over the Counter (OTC) bulletin board via a reverse merger rather than a standard IPO.
Premier Power (www.premierpower.com) is one of several solar integration companies who make it their business to design and build solar power installations on a medium to large scale. They install systems for commercial, municipal and agricultural as well as residential customers. One of their core markets is wineries and vineyards. Premier operates in Spain, California, Nevada, New York and New Jersey. Plus they are now said to be looking for business in France and Italy.
According to the company's press release it closed a $7 million private placement of 3.5 million shares at $2 each. Their market capitalization comes in at $151.8 million. They claim customers such as KB Home, Pacific Gas and Electric (PG&E), Princeton University, Shafer Vineyards, Silverado Wineries, ATT, and Jay Leno among others.
Premier Power says they posted sales of $16.7 million in 2007 with a net income of $843,865 for the year. They also report that they have contracted $48 million in sales for 2008. At face value, that's almost 300% growth. However they've posted slightly under $18 million on their income statement for the first six months of 2008.
Premier's rapid growth in 2008 sales is impressive, but it could be partly due to clients rushing to get systems installed ahead of the expiration of the Federal tax credits at the end of this year. Several other solar installers and integrators have reported this happening among their clients too. Though the existing scheme of tax credits is widely expected to be extended or even made slightly better.
And while the business is obviously growing, solar power is not really economically viable yet at the true cost of solar photovoltaic panels. The entire solar industry is underpinned by government subsidy and incentives at the moment. That's a place where nothing is really for certain, and seems slightly uncomfortable to me. It's fairly clear that if Senator Obama wins the presidential election he'll be pushing for more solar incentives which will help companies like Premier. But Senator McCain's position is somewhat less clear.
Longer term, there are positive factors for solar integrators and installers. Firstly, silicon prices are falling. Then there are alternative solar technologies emerging like thin film which hold out the promise of much lower cost. Companies like XsunX (OTC BB: XSNX.OB) are working to complete the assembly of their multi-megawatt thin film manufacturing operations and begin delivering thin film solar modules to a growing market that is clamouring for more supplies and lower prices solutions. In addition to thin film technologies offering lower costs today experts expect that costs may continue to go lower still making thin film solutions such as those offered by XsunX highly attractive. Thin film is generally seen as a utility scale solution because of its lower efficiency and therefore greater area needed to generate the same power. But as its cost drops and efficiency increases it will make increasing sense for small commercial and residential applications. That could easily spark new demand and at the same time improve margins for the installers and integration companies.
Premier is by no means the only big solar installer/integrator play out there. Another to consider is Akeena Solar (AKNS) which with a market cap of $108 million, is a similar company to PPRW in size and in their operating regions. Akeena Solar (www.akeena.net) focuses on markets in California, New York, New Jersey, Pennsylvania, and Connecticut. But Akeena is also more focused on residential and small commercial market which according to SolarBuzz, a research and consulting firm, represent approximately 65 percent of the U.S. market, and will continue to do so through 2010.
Apart from these two there are hundreds of smaller private companies in the integration and installation space operating more locally. They'll offer competition and some may emerge in time as public companies too. And there are companies like BP who design and install systems as well as manufacturing panels. But being an integrated energy company, they are more levered to oil and can not be regarded as an investment play on solar.
Disclosure: Paulo Nery does not currently own shares of any of the companies named above.
Featured Showcase Solar Company XsunX: (OTC BB: XSNX.OB)
Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi-megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: XsunX compensate the website $5000 per month. www.InvestorIdeas.com/About/Disclaimer.asp
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100
Maitland, FL 32751
(800) 733-2447
Fax: (407) 644-0758
info@redchip.com
POINT ROBERTS, WA and DELTA, BC--(MARKET WIRE)--Sep 18, 2008 -- www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks in the Green Investor series by environmental writer Paulo Nery. Solar stocks featured include Premier Power Renewable Energy Inc., Akeena Solar (AKNS) and XsunX, Inc. (OTC BB: XSNX.OB).
Green Investor at Investorideas.com
Column by Paulo Nery, Exclusively for Investorideas.com
Solar Integrators Deliver Growth
Excerpt: (Full story at http://www.investorideas.com/gi/)
While the whole market seemed to be slipping downhill on September 15th, there was one bold company that actually listed publicly that day and seemed to roar straight out of the gates. That company was Premier Power Renewable Energy Inc which launched on the Over the Counter (OTC) bulletin board via a reverse merger rather than a standard IPO.
Premier Power (www.premierpower.com) is one of several solar integration companies who make it their business to design and build solar power installations on a medium to large scale. They install systems for commercial, municipal and agricultural as well as residential customers. One of their core markets is wineries and vineyards. Premier operates in Spain, California, Nevada, New York and New Jersey. Plus they are now said to be looking for business in France and Italy.
According to the company's press release it closed a $7 million private placement of 3.5 million shares at $2 each. Their market capitalization comes in at $151.8 million. They claim customers such as KB Home, Pacific Gas and Electric (PG&E), Princeton University, Shafer Vineyards, Silverado Wineries, ATT, and Jay Leno among others.
Premier Power says they posted sales of $16.7 million in 2007 with a net income of $843,865 for the year. They also report that they have contracted $48 million in sales for 2008. At face value, that's almost 300% growth. However they've posted slightly under $18 million on their income statement for the first six months of 2008.
Premier's rapid growth in 2008 sales is impressive, but it could be partly due to clients rushing to get systems installed ahead of the expiration of the Federal tax credits at the end of this year. Several other solar installers and integrators have reported this happening among their clients too. Though the existing scheme of tax credits is widely expected to be extended or even made slightly better.
And while the business is obviously growing, solar power is not really economically viable yet at the true cost of solar photovoltaic panels. The entire solar industry is underpinned by government subsidy and incentives at the moment. That's a place where nothing is really for certain, and seems slightly uncomfortable to me. It's fairly clear that if Senator Obama wins the presidential election he'll be pushing for more solar incentives which will help companies like Premier. But Senator McCain's position is somewhat less clear.
Longer term, there are positive factors for solar integrators and installers. Firstly, silicon prices are falling. Then there are alternative solar technologies emerging like thin film which hold out the promise of much lower cost. Companies like XsunX (OTC BB: XSNX.OB) are working to complete the assembly of their multi-megawatt thin film manufacturing operations and begin delivering thin film solar modules to a growing market that is clamouring for more supplies and lower prices solutions. In addition to thin film technologies offering lower costs today experts expect that costs may continue to go lower still making thin film solutions such as those offered by XsunX highly attractive. Thin film is generally seen as a utility scale solution because of its lower efficiency and therefore greater area needed to generate the same power. But as its cost drops and efficiency increases it will make increasing sense for small commercial and residential applications. That could easily spark new demand and at the same time improve margins for the installers and integration companies.
Premier is by no means the only big solar installer/integrator play out there. Another to consider is Akeena Solar (AKNS) which with a market cap of $108 million, is a similar company to PPRW in size and in their operating regions. Akeena Solar (www.akeena.net) focuses on markets in California, New York, New Jersey, Pennsylvania, and Connecticut. But Akeena is also more focused on residential and small commercial market which according to SolarBuzz, a research and consulting firm, represent approximately 65 percent of the U.S. market, and will continue to do so through 2010.
Apart from these two there are hundreds of smaller private companies in the integration and installation space operating more locally. They'll offer competition and some may emerge in time as public companies too. And there are companies like BP who design and install systems as well as manufacturing panels. But being an integrated energy company, they are more levered to oil and can not be regarded as an investment play on solar.
Disclosure: Paulo Nery does not currently own shares of any of the companies named above.
Featured Showcase Solar Company XsunX: (OTC BB: XSNX.OB)
Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi-megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: XsunX compensate the website $5000 per month. www.InvestorIdeas.com/About/Disclaimer.asp
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100
Maitland, FL 32751
(800) 733-2447
Fax: (407) 644-0758
info@redchip.com
RedChip Independent Issues First Quarter 2009 Research Update on Synthetech
ORLANDO, Fla., Sept. 18, 2008 -- (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., has issued a first quarter 2009 research update for Synthetech, Inc. (OTCBB: NZYM), a fine chemicals company specializing in the development and manufacture of a wide array of products primarily for the pharmaceutical industry.
Abhinav Bhatnagar, MBA, RedChip Research Analyst, reported:
“Market conditions for NZYM’s products remain favorable as fine chemicals companies continue to restructure and focus on niche markets. This has led to higher capacity utilization rates which benefits companies such as Synthetech that execute large-scale projects. NZYM continues to execute large-scale projects to generate increasing amounts of revenue compared to corresponding quarters. In fact, large-scale projects remain the major source of revenue for the Company.”
“We expect NZYM’s order backlog to grow over the coming quarters due to a favorable domestic and Western European drug development market and the favorable exchange rate of the Euro relative to the U.S. dollar, which translates into increasing orders from Western European customers,” Bhatnagar continued.
“In view of continually favorable market conditions for NZYM’s products, we believe that the Company has substantial growth prospects and is poised to achieve greater profitability over the next couple of quarters. We reiterate our ‘Buy’ recommendation on NZYM,” he concluded.
About RedChip Independent™
RedChip Companies, Inc. is a well-established source of independent research and information on the small-cap market. Dedicated to “Discovering Tomorrow’s Blue Chips Today,”™ its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street’s radar. To view the full version of this report, to include the investment conclusion and target price, subscribe to RedChip’s Research Community online by visiting http://www.redchip.com/research/researchmain.asp or call 1-800-REDCHIP.
Disclosure
Neither RedChip Companies nor the analyst has received any compensation from Synthetech, Inc. or any other party for the writing and preparation of this equity research report. The analyst(s) contributing to this report do not hold any shares of the subject securities. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures, or other derivatives related to such securities.
Contact:
RedChip Companies, Inc.
1-800-REDCHIP (733-2447 ext. 106)
Research@RedChip.com
www.RedChip.com
Abhinav Bhatnagar, MBA, RedChip Research Analyst, reported:
“Market conditions for NZYM’s products remain favorable as fine chemicals companies continue to restructure and focus on niche markets. This has led to higher capacity utilization rates which benefits companies such as Synthetech that execute large-scale projects. NZYM continues to execute large-scale projects to generate increasing amounts of revenue compared to corresponding quarters. In fact, large-scale projects remain the major source of revenue for the Company.”
“We expect NZYM’s order backlog to grow over the coming quarters due to a favorable domestic and Western European drug development market and the favorable exchange rate of the Euro relative to the U.S. dollar, which translates into increasing orders from Western European customers,” Bhatnagar continued.
“In view of continually favorable market conditions for NZYM’s products, we believe that the Company has substantial growth prospects and is poised to achieve greater profitability over the next couple of quarters. We reiterate our ‘Buy’ recommendation on NZYM,” he concluded.
About RedChip Independent™
RedChip Companies, Inc. is a well-established source of independent research and information on the small-cap market. Dedicated to “Discovering Tomorrow’s Blue Chips Today,”™ its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street’s radar. To view the full version of this report, to include the investment conclusion and target price, subscribe to RedChip’s Research Community online by visiting http://www.redchip.com/research/researchmain.asp or call 1-800-REDCHIP.
Disclosure
Neither RedChip Companies nor the analyst has received any compensation from Synthetech, Inc. or any other party for the writing and preparation of this equity research report. The analyst(s) contributing to this report do not hold any shares of the subject securities. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures, or other derivatives related to such securities.
Contact:
RedChip Companies, Inc.
1-800-REDCHIP (733-2447 ext. 106)
Research@RedChip.com
www.RedChip.com
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