For the second quarter in a row, Acme United (ACU – $20.60) has increased its sales and earnings guidance for 2016. Thanks to an outstanding performance of all its brands in the first nine months of the year, the Company now expects to generate revenues of $124 million and earnings per share of $1.63 in 2016. This is up from the original forecast of $120 million in revenues and earnings per share of $1.47.
Sales in the third quarter, ended September 30, 2016, reached $31.9 million, up 7% compared with sales of $29.9 million in the third quarter of last year. Net income for the quarter ended September 30, 2016 was $1.5 million, or $0.40 per diluted share, compared to $1.2 million, or $0.33 per diluted share, for the 2015 period, a strong increase of 22% in net income and 21% in earnings per share.
Especially Westcott, the school, home and office products brand, continued to outperform. In fact, this year had the best back-to-school performance in the Company’s history. The brand again gained market share in the scissors and [click to continue…]
Tecogen (TGEN – $4.05) was awarded a research grant from the Propane Education & Research Council (PERC) to fund the development of its Ultera technology for the propane powered fork truck market. The grant covers testing and development of a prototype solution in conjunction with PERC and two fork truck manufacturers.
Ultera is a fully patented muffler-like kit that dramatically reduces a natural gas powered engine’s harmful emissions of NOx, CO, and hydrocarbons. It was developed several years ago and has since been installed on hundreds of cogeneration systems where it functions impeccably. There is no comparable technology on the market today.
The goal of this project is to develop an Ultera system that can be used on propane powered fork trucks. While these are very versatile in use – contrary to its electric and diesel powered competitors – their emissions are harmful to the driver and [click to continue…]
We’re very pleased that we had the opportunity to sit down with Mr. Chuck Coppa, the Chief Financial Officer of American Power Group Corporation (APGI – $0.20). We’ve been following the Company for a while, but recently several events have taken place that give us reason to believe that all the pieces of the puzzle are falling into place.
Mr. Coppa first extensively talks about the Company’s dual fuel technology, which is a non-invasive software driven conversion technology that allows an existing vehicular or stationary diesel engine to reduce diesel consumption by as much as 65%, while significantly reducing its emissions.
He explains that during the past few years, over 700 trucks, which were equipped with such a dual fuel system, covered more than one hundred million miles collectively, giving it a massive amount of credibility in the market place. Consequently, the Company has significant growth prospects in the Unites States, and also in [click to continue…]
New product development is truly in the DNA of Acme United (ACU – $19.61). The Company’s quest for innovation is reflected by its ongoing goal of generating at least 30% of its sales from products developed in the last 3 years.
In order to achieve this goal, well thought-out products are brought to the market almost on a constant basis. The school and office products brand Westcott, for example, this year alone has already launched over 100 new scissors, trimmers, cutters, pencil sharpeners, etc.
The Process of Innovation
The entire process of innovation at Acme United starts with [click to continue…]
Earlier this week Tecogen (TGEN – $4.38) announced the sale of two Tecochill RT Series 50-ton air-cooled chillers to Gas Natural Fenosa. Gas Natural is a global supplier of natural gas and electricity with more than 23 million customers. It’s headquartered in Barcelona, Spain, but these chillers will be installed at its corporate offices in Mexico City. The sale was handled by Tecogen’s Mexican representative, HVAC Ambiental, a/k/a Calfrost.
Natural gas chillers are a popular option in Mexico, where the electric grid is not very reliable. In addition, gas is a less expensive energy option. For this installation, the air-cooled Tecochill chillers offered an added benefit over water-cooled chillers, namely water supply is limited in the area.
Arturo Cantu, General Manager of HVAC Ambiental, said: “The chillers are being installed as part of a major building renovation that includes a green roof as well as other energy saving features. The selection of Tecochill chillers for the company’s office space is an excellent solution that will save them lots of money while using a reliable and sustainable energy source.” [click to continue…]
We’re happy to announce the publication of another insightful interview. This time with Mr. Joe Flynn, the President and CEO of Auxilio Inc. (AUXO – $0.80). The Company is active in the sweet spot of the healthcare industry in the United States, as it provides solutions and services that mitigate risk, reduce costs and provide operational efficiency.
Through its original Managed Print Services (MPS) business, the Company significantly reduces the amount of documents that are printed in hospitals, saving those facilities millions of dollars. Auxilio currently provides those services to about 320 hospitals. With thousands more clinics and critical care facilities all over the United States, the growth opportunities are virtually endless. Mr. Flynn talks about the large pipeline of opportunities for MPS.
The CEO also gives plenty of information about its IT securities business, called Redspin, and how US hospitals are under constant threat from [click to continue…]
Most frozen vegetables are already used and appreciated by the food industry and consumers alike; however some are still lagging behind. This is particularly the case for vegetables that are high in water content, such as mushrooms, onions and peppers.
During the traditional freezing process, the free water content in a vegetable transforms into ice crystals, which break up the vegetable’s cellular structure. Consequently, the natural release of water when thawing is amplified, thereby altering the texture, appearance and taste of the vegetables. This is precisely the reason for which chefs prefer and recommend fresh vegetables.
With the InFlavor process, developed by EnWave (TSXV:ENW – $1.20 CAD & OTC:NWVCF – $0.90 USD) and Bonduelle, the world leader in ready-to-use vegetables; a portion of the free water contained in the vegetables is extracted before freezing, which preserves its cellular structure and other properties. InFlavor vegetables compare favorably to fresh vegetables when cooked. [click to continue…]