Tecogen Inc. (TGEN – $3.40), the manufacturer of ultra-efficient and clean natural gas powered heating and cooling equipment, is having an excellent summer in terms of machine sales. Since July 1st, it announced the sale of no less than fourteen units. In addition, it is quite well possible that not all contract wins were made public.
The past week, Tecogen sold an Ilios high efficiency air-source water heater to a sports and fitness facility near Bangor, Maine. As there is no natural gas distribution system in the region, this Ilios unit will run on propane and will consume only half the energy compared with the oil-fired water heater it replaces.
The Ilios heaters are designed to compete with electric water heating systems at commercial and industrial facilities, especially in areas with limited access to natural gas. Potential sites for these large 500,000 BTU/hr systems include hotels, hospitals, nursing homes, apartment buildings, athletic facilities, swimming pools as well as agriculture and aquaculture projects. [click to continue…]
Although Acme United’s (ACU – $27.59) sales and earnings were down in the second quarter, the Company expects to more than make up for it in the third and fourth quarter. It is convinced that it can grow sales by more than 20% in the second half of this year compared with the same period in 2016.
Sales for the three months ended June 30, 2017, reached $38.8 million, a decrease of 5% compared with sales of $41.0 million in the second quarter of 2016. Net income in the second quarter of 2017 declined by 13% to $2.8 million, or $0.75 per diluted share, versus $3.3 million, or $0.91 per diluted share, in the comparable quarter last year.
Oddly enough, the major reason for the decline in both sales and earnings in the second quarter is the Company’s booming online sales activity. While Acme registered about $15 million in online sales in 2016, which was double from the previous year, they continue to grow at a strong pace. [click to continue…]
On the heels of a $750,000 order for two TECOCHILL natural gas powered chillers, Tecogen (TGEN – $3.49), the manufacturer of ultra-efficient and clean natural gas powered heating and cooling equipment, has sold six more TECOCHILLs to two separate indoor cannabis cultivation facilities.
Three units will be installed at a new 30,000 square foot (~2,800 square metre) growing facility in central Massachusetts. They will provide 450 refrigeration tons of year-round cooling. This is Tecogen’s third sale into the nascent cannabis industry of Massachusetts.
The three other TECOCHILLs will be shipped to the Tampa, FL region where they will provide 450 refrigeration tons of cooling for a 40,000 square foot (~3,700 square metre) growing facility, which is being retrofitted out of an existing facility. This marks Tecogen’s first sale into Florida’s recently legalized medical marijuana business and the Company’s sixth transactions with the indoor cannabis industry in total. [click to continue…]
Globex Mining Enterprises (TSX: GMX – $0.53 & OTCQX: GLBXF – $0.43 & Fra: G1MN – €0.34), a project generator (Property Bank) that owns a well-diversified portfolio of North American mid-stage exploration, development and royalty properties, has commenced excavating of three 100 metre long trenches at its Francoeur/Arntfield gold property in Quebec, Canada.
An area of 100 m by 70 m was first cleared in preparation for the trenching (see image slider below). This area starts at drill hole FS-16-35 which returned 1.19 gpt (grams per tonne) Au over a true width of 40.19 m (132 ft) and goes eastward for a distance of 70 m (230 ft). The impressive near-surface gold zone was drilled in late 2016 by Globex. This type of wide low grade mineralization was not identified nor sampled in previous exploration on the property. [click to continue…]
This is the final post in a three-part series about EnWave Corp’s (TSXV:ENW) most significant clients, the influence of their REV dried products on the market, and the impact of their success on EnWave’s sales and earnings.
The previous two weeks, we covered Milne Fruit Products, Inc, a processor and global supplier for the industrial food ingredient and beverage markets; and Ereğli Agrosan, a Turkish company that produces high value natural products for the food, cosmetic and health sectors.
This week, we feature NutraDried LLP, which develops, manufactures, markets and sells 100% all-natural cheese snacks under the Moon Cheese brand.
NutraDried is somewhat of a special customer for EnWave, as the latter [click to continue…]
EnWave Corp’s (TSXV:ENW – $1.03 CAD & OTC:NWVCF – $0.74 USD & Frankfurt:E4U – €0.74) Radiant Energy Vacuum (REV) technology has once again attracted the attention of a world class company, Nestlé.
The two companies have signed a Technology Evaluation and License Option Agreement (TELOA) that gives Nestlé the opportunity to evaluate EnWave’s REV technology for the dehydration of a number of specific products.
Headquartered in Switzerland, Nestlé SA is the largest food company in the world, measured by revenues. It even ranked No. 33 on the 2016 edition of the Forbes Global 2000 list of largest public companies. [click to continue…]
Being a Globex Mining (TSX: GMX – $0.45 & OTCQX: GLBXF – $0.37 & Fra: G1MN – €0.30) shareholder is a lot of fun. There is never a dull moment, as either the Company itself is advancing one of its properties, or an option partner is.
A couple of days ago, for example, Renforth Resources (CSE – RFR) discovered new gold zones away from its existing mineral resource at its Parbec property.
The Parbec Gold Property consists of 11 cells totalling 229 hectares in Malartic Township, Quebec. It is located 6 km northwest of the large Canadian Malartic open pit gold mine (Agnico Eagle Mines Limited and Yamana Gold Inc.) and adjoining the former East Amphi Gold Mine, all located on or near the world famous gold localizing Cadillac fault. [click to continue…]