Acme United (ACU – $16.99), an innovative supplier of cutting devices, measuring instruments, and first aid products, increased its quarterly cash dividend from 9 to 10 cents. This is Acme United’s ninth dividend increase since 2004.
The 11% dividend increase was justified as the Company is headed for another sales and earnings record in 2015. It’s generating lots of cash and is expected to continue to do so in coming years.
Many new products have recently been, or will shortly be, released. Moreover, margins are expected to increase, and thanks to a couple of events, Acme’s operating leverage will improve as well. [click to continue…]
NutraDried LLP, the 51% owned subsidiary of EnWave Corp (TSXV:ENW – $0.79 CAD & OTC:NWVCF – $0.64 USD), continues to make exceptional progress with the distribution of Moon Cheese.
Next to the 7,500 Starbucks corporate stores in the US where Moon Cheese is already available, the coffee chain will start distributing the 100% all-natural cheese snacks to its 1,400 corporate stores in Canada as well. In addition, Moon Cheese will soon be available at Wallgreens, the largest drug retailing chain in the United States, and at several other major grocery store chains, such as Ahold.
In other news, EnWave received a milestone payment from Merck to start manufacturing a freezeREV machine designed to provide high-speed dehydration for live and active organisms in vials. The agreement with Merck could be worth several million dollars in the future. [click to continue…]
In the third quarter, Acme United (ACU – $17.05) achieved record back-to-school sales and record earnings. Especially outstanding sales from iPoint pencil sharpeners, titanium scissors, and first aid kits contributed to the success. In addition, the Company is on course for a new annual sales and earnings record in 2015.
The benefits of the combined purchasing power and the further integration of the three first aid brands will start to have a bigger impact on Acme’s bottom line in the coming quarters. As a matter of fact, the full optimization of the first aid brands will lead to cost savings of up to $1 million in 2016 and beyond.
In addition, the Canadian division has received its Health Safety license, which means it can start to manufacture and assemble its own first aid kits. Also in Europe, Acme expects to receive a similar license early 2016.
Next to the first aid brands, we also foresee growth in 2016 for [click to continue…]
EnWave Corporation (TSXV:ENW – $0.81 CAD & OTC:NWVCF – $0.64 USD) signed a technology evaluation agreement with Nature’s Touch Frozen Foods, one of the major players in North America’s frozen fruits market.
Nature’s Touch, based in Quebec, Canada, has in fact won the private label frozen fruit accounts of all major grocery chains in Canada. It’s also in rapid growth mode in the U.S., where it’s well known as the private label frozen fruits producer for Welch’s. Also in countries such as the United Kingdom, Australia, Japan and Taiwan, the company has established a significant presence.
Nature’s Touch will evaluate the merits of EnWave’s Radiant Energy Vacuum (REV) dehydration technology for the purpose of producing high quality dehydrofrozen (DHF) fruit products. In return, Nature’s Touch has paid EnWave an upfront fee. [click to continue…]
EuroSite Power (EUSP – $0.73), which owns and operates clean, On-Site Utility™ systems that produce electricity, hot water, heat and cooling at facilities in the UK, recorded a 20% revenue growth in the third quarter, ended September 30, 2015.
Although that’s a solid result, four other events, achieved during the quarter, attracted most attention. These four “pillars” have actually laid the foundation for the Company’s success in coming years.
- Solid Financing – Two banks have submitted terms to provide 100% non-recourse project financing for all of the Company’s future projects. This is a major accomplishment, as EuroSite Power first finances the equipment and installation costs of a system, and then the property owner pays for the generated electricity, heat and cooling over a set period of time – usually 15 years. This means there won’t be any more private placements to [click to continue…]
Jack Link’s, the number one meat snack manufacturer worldwide, continues to evaluate products that include EnWave Corp (TSXV:ENW – $0.80 CAD & OTC:NWVCF – $0.63 USD) Radiant Energy Vacuum (REV) dried ingredients.
Therefore, the original technology evaluation and license option agreement between EnWave and Jack Link’s, which dates back to August 2014, was extended into 2016. That should give the Minong, Wisconsin leader in the meat snack category enough time to evaluate the commercial viability of its new products.
For two reasons we assume that Jack Link’s has already made very good progress with the development of one or more products. First, the meat snack company pays a monthly rent for a small test dryer. If it saw no potential in REV dried products, it would have returned the test unit to EnWave and moved on. And second [click to continue…]
Moon Cheese continues to sell extremely well at Starbucks. In fact, the coffee chain has confirmed that it will expand the distribution of the all-natural cheese snack from 3,400 to 7,500 corporate stores and that it will extend the availability of the product into calendar year 2016.
This is excellent news for EnWave Corporation (TSXV:ENW – $0.85 CAD & OTC:NWVCF – $0.64 USD), as it owns 51% of NutraDried, the exclusive producer of Moon Cheese snacks for the United States.
We heard that in fiscal year 2015 NutraDried has grown from receiving an average of 13 purchasing orders per month to 130 POs per month currently. These include orders from Starbucks distribution outlets, and also from retail chains across North America. Sales are truly trending up on a month-by-month basis. Reports indicate that NutraDried is close to being cash flow positive.
In the third quarter of fiscal year 2015, ended June 30, NutraDried generated $705,077 in Moon Cheese sales. With the number of Starbucks stores more than doubling [click to continue…]