A few days ago, we visited the European team of Acme United (ACU – $18.25) at the European Fishing Tackle Trade Exhibition (EFTTEX). We got a good impression of the Company’s Cuda and DMT tools, and how well they are being received in the European marketplace.
The 35th edition of EFTTEX was held in the RAI Exhibition center in Amsterdam, the Netherlands, and attracted 215 exhibitors from 35 different countries. Visitors included manufacturers, wholesalers and retailers from all over the world.
The annual event always attracts some of the most well-known names in the industry. In fact, over the years, it has developed into the premier European fishing fair and the third largest one in the world. [click to continue…]
Merom Farms, an agricultural and food production company located in British Columbia, Canada, will soon start selling wasabi-based products under a private label to food processors in Canada and the United States. The very unique and nutrient-rich wasabi product is processed using EnWave Corp’s (TSXV:ENW – $0.82 CAD & OTC:NWVCF – $0.66 USD) Radiant Energy Vacuum (REV) dehydration technology.
EnWave will receive a 5% royalty on the wholesale price of all wasabi products sold by Merom. Knowing that wasabi is a high-value product that can cost more than $25 per ounce, it’s clear this could become another lucrative royalty stream for EnWave. [click to continue…]
Tecogen Inc. (TGEN – $4.93) has sold another InVerde e+ 100 kW Combined Heat and Power (CHP) unit. It will be installed at Silver Towers, a luxury 277-unit residential building in Queens, New York.
The agreement includes the purchase of the CHP system, the full installation, and an initial 2-year maintenance contract. Exact numbers weren’t announced, but this contract will add several hundreds of thousands of dollars to Tecogen’s pipeline.
The CHP unit will replace an old boiler and is sized to meet the building’s thermal – heating and hot water – demand, while providing between 40% and 60% of its electric demand.
Aside from delivering annual annuity-like cost savings, the INV-100 e+ will also [click to continue…]
EnWave Corporation (TSXV:ENW – $0.85 CAD & OTC:NWVCF – $0.65 USD), which offers industrial-scale dehydration technology for commercial applications in the food and pharmaceutical spaces more than doubled its revenues in its second quarter of 2016 and achieved positive net income for the first time in its history.
Several companies, such as Natural Nutrition and Ereğli Agrosan, have recently purchased their second REV dryer. Other companies, such as Milne Fruit Products, NutraDried LLP, and Bonduelle are ramping up production to meet demand for their dried products. Moreover, dozens of companies in a variety of industries are currently evaluating EnWave’s REV technology. Consequently, we expect to see a continued flow of new Technology Evaluation and Royalty-Bearing agreements being announced in the following months.
Sutro Biopharma, a pharmaceutical company based in San Francisco, is scheduled to [click to continue…]
EuroSite Power (EUSP – $0.71) installs, owns, and operates Combined Heat & Power (CHP), and cooling systems at smaller industrial and commercial facilities. It provides these facilities with clean, reliable power, cooling, heat and hot water without any capital or start-up costs to the customer and at lower costs than charged by conventional energy suppliers.
In the first quarter, ended March 31, 2016, EuroSite Power reached revenues of US$687,032, an increase of 25.4% compared to revenues of US$548,054 for the same period in 2015. The strong improvement was driven by both a higher number of systems in operation and by larger units that had been taken into production.
Three onsite utility agreements for leisure centers may be close to signing. Also, a term sheet has been signed for a 400kW unit in a [click to continue…]
Tecogen Inc. (TGEN – $4.52) designs, manufactures and sells industrial and commercial CHP (Combined Heat & Power), or cogeneration, systems that produce combinations of electricity, hot water, and air conditioning. Tecogen is a well-established company, as it has already shipped over 2,300 units so far, some of which have been operating for almost 25 years.
About a month ago Tecogen’s sales backlog of equipment and installations was $13.1 million. Significantly above the Company’s goal of consistent quarterly backlog of at least $10 million. Noteworthy is that the backlog does not include service contract revenues which were more than one third of the Company’s revenues in 2015.
A couple of weeks ago, Tecogen formed a 50/50 joint venture corporation with the Czech CHP manufacturer TEDOM. The JV, coined TTcogen LLC, offers a complete package of 27 different CHP modules ranging in size from 35 kW up to 4 MW. TTcogen in fact is now the premier packaged CHP provider with the widest [click to continue…]
We were thrilled to sit down with two representatives from EuroSite Power (EUSP – $1.25), Dr. Elias Samaras, the Acting Chairman and CEO, and Mr. Paul Hamblyn, the Managing Director of the Company. They’ve joined us to give an update about EuroSite’s significant progress over the past few months, and to talk about their plans for further growth.
Mr. Hamblyn touches upon EuroSite’s outstanding first quarter financial results, and provides details about how the Company was able to substantially increase its gross margin. He also explains the plans to boost margin growth yet further.
Dr. Samaras talks about how they want to put the $7.25 million, which EuroSite recently raised, to good use. We learn that even an acquisition is [click to continue…]