Tecogen Inc. (TGEN – $3.51) designs, manufactures and sells industrial and commercial CHP (Combined Heat & Power), or cogeneration, systems that produce combinations of electricity, hot water, and air conditioning. It’s a well-established Company, as it has already shipped over 2,500 units, some of which have been operating for more than 25 years.
Tecogen couldn’t have started 2017 in a better way. For its first quarter, ended March 31, 2017, the Company reported revenue of $6,846,767 compared to $5,075,515 for the same period in 2016, an astonishing increase of 34.9%.
Net income for the quarter ended March 31, 2017 was $44,787 or $0.00 per diluted share, compared to a loss of $893,168 or $0.05 per diluted share for the comparable period last year. Another excellent [click to continue…]
Enforcer Gold and Manganese X will shortly initiate a drill program on their respective Montalembert and Woodstock projects. Both companies optioned their properties from Globex Mining Enterprises (TSX: GMX – $0.51 & OTCQX: GLBXF – $0.37 & Fra: G1MN – €0.34), a well-known project generator that owns a diversified portfolio of North American mid-stage exploration, development and royalty properties.
Enforcer Gold (TSX-V: VEIN) has started a comprehensive field exploration program at the Montalembert high-grade gold property, located in Quebec, Canada. The program includes the first ever large-diameter core drilling campaign to be conducted on the Galena and No. 2 veins. The exploration program is expected to run uninterrupted through the late fall of 2017.
The field program, for which Enforcer has committed over $2.2 million, includes [click to continue…]
Agricola Industrial La Lydia, a Costa Rican company, especially known for producing and exporting golden pineapples, ordered a second 10kW Radiant Energy Vacuum (REV) machine from EnWave Corporation (TSXV:ENW – $1.02 CAD & OTC:NWVCF – $0.75 USD & Frankfurt:E4U – €0.66).
After La Lydia’s initial 10kW machine order late 2015, it will now be able to double its production capacity of tropical fruit and cheese snack products. The second REV dryer is expected to be installed in Costa Rica in a few weeks.
La Lydia is family-owned and was founded over 70 years ago. It currently cultivates about 700 hectares (1.730 acres ) of agricultural land and is a leading milk producer in Costa Rica. Its fruit is exported to many international markets in the American and European continent. In fact, La Lydia is a global leader in producing and exporting golden pineapples under the brands YAZ and SWITI. In addition, management members of La Lydia also lead one of the largest dairy co-operatives in Central America.
We understand that the Costa Rican company will initially launch dried pineapple products, but that it also has plans for cheese snacks and vegetables. It obtained geographic exclusivity from EnWave to produce these REV dried products in [click to continue…]
Globex Mining Enterprises (TSX: GMX – $0.56 & OTCQX: GLBXF – $0.41 & Fra: G1MN – €0.34), a project generator that owns a well-diversified portfolio of North American mid-stage exploration, development and royalty properties, has acquired the Normetmar zinc deposit in Quebec, Canada.
The property is located only one kilometer west of the former Normetal Mine, which was one of the largest polymetallic (Cu, Zn, Ag, Au) deposits in Quebec, and which is also owned by Globex. The Normetmar and Normetal Mines are 100% owned by Globex and are covered by 10 claims with a 10% interest in an additional adjoining 30 claims forming one large mine package of 40 claims totalling 1,337 ha.
Globex will immediately start to recompile all the old data from both properties in order to locate targets for potential near surface drilling this summer. [click to continue…]
GreenPower Motor Company Inc. (TSXV: GPV – $0.54 CAD & OTCQX: GPVRF – $0.38 USD) develops and sells all-electric buses for transit operators, shuttle operators, schools, universities and governments in the North American market.
Five years ago, electric cars were a novelty and electric buses were still a thing of the future. The rapid advancement of the electric bus technology, and the general adoption of electric vehicles, have caused transit agencies to conclude that electric buses can meet their operational needs while reducing noise, energy use, and pollution. Moreover, the significant initiatives and incentives that exist are confirming the zero-emission future is now.
GreenPower offers a range of electric powered buses deploying electric drive and battery technologies with a [click to continue…]
After signing a couple of Technology Evaluation and License Option Agreements (TELOAs) in Australia last year, EnWave (TSXV:ENW – $1.07 CAD & OTC:NWVCF – $0.80 USD & Frankfurt:E4U – €0.74) now has closed its first commercial royalty-bearing license down under.
The Company entered into an agreement with Ashgrove Cheese, a diversified Australian dairy processor. The license grants Ashgrove the exclusive right to use EnWave’s Radiant Energy Vacuum (REV) technology to process cheese products in the State of Tasmania, with a goal to produce dried cheese products similar to EnWave’s Moon Cheese snacks.
In exchange for this exclusivity, Ashgrove has agreed to pay EnWave a 5% royalty on the wholesale price of all REV-dried products sold. Moreover, Ashgrove also submitted a purchase order for EnWave to deliver a [click to continue…]
Tecogen Inc. (TGEN – $3.80) couldn’t have started 2017 in a better way. For its first quarter, ended March 31, 2017, the Company reported revenue of $6,846,767 compared to $5,075,515 for the same period in 2016, an astonishing increase of 34.9%.
The strong rise in revenue was driven by both product and services related sales. Total services related revenues grew 43.8% over the prior year period, driven by installation activity. Product revenue grew 23.9% compared to the first quarter of 2016, due to the tremendous success of the Company’s flagship product, the InVerde e+ CHP. The technical superiority of the product is ever more recognized by Tecogen’s customers, such as engineering companies, ESCOs, and product developers.
Net income for the quarter ended March 31, 2017 was $44,787 or $0.00 per diluted share, compared to a loss of $893,168 or $0.05 per diluted share for the comparable period last year. Another excellent achievement, especially knowing [click to continue…]