Tecogen Inc (TGEN – $3.37) has received an order for no less than 10 InVerde e+ Combined Heat and Power (CHP) units, one of the largest contracts in the Company’s history. The CHPs will be installed in a brand new residential building in Brooklyn, NY. Although no details were provided, the order is estimated to be worth well over $5 million.
Combined, the 10 systems have a peak generation capacity of over 1MW. The buyer opted to install 10 InVerde e+ units, instead of one large unit from a third party, simply because Tecogen’s equipment outclasses the competition.
First of all, an InVerde e+ can cut a building’s energy bills considerably. Knowing that the average InVerde e+ saves customers $50,000 – $100,000 annually on their utility bills, these 10 units will generate combined savings of approximately $500,000 – $1,000,000 per year. [click to continue…]
Globex Mining Enterprises Inc. (TSX:GMX – $0.56 & OTCQX:GLBXF – $0.46 & Fra:G1MN – €0.37) is a North American focused exploration and development project generator. The Company has an exceptionally well-diversified portfolio of assets, with exposure to a wide range of commodities.
Revenues for the second quarter, ended June 30, 2017 were $668,147 up 40.5% compared to $475,442 in second quarter of 2016. Globex’ revenues for the six-month period ended June 30, 2017 were $1,148,541 as compared to $530,442 in Q2 2016, a considerable increase of $618,099 or 116%.
The proceeds from the Company’s recently completed private placement will be used to advance some of the Company’s most attractive properties to ready them for optioning, joint venturing, or outright sale to a third party. [click to continue…]
EnWave Corporation (TSXV:ENW – $1.13 CAD & OTC:NWVCF – $0.90 USD & Frankfurt:E4U – €0.76) offers industrial-scale dehydration technology for commercial applications in the food and pharmaceutical spaces. The Company’s Radiant Energy Vacuum (“REV”) platforms are becoming the new global dehydration standard, as they are faster and cheaper than freeze drying, and have better end product quality than both air drying and spray drying.
The Company reported revenue of $4.67 million for its third quarter of fiscal year 2017, ended June 30, 2017, compared with $5.22 million in the comparable period last year, a decrease of 11%.
Despite the decline in sales, EnWave’s third quarter was a positive one for the following reasons: [click to continue…]
Tecogen (TGEN – $3.03) sold two InVerde e+ Combined Heat & Power (CHP) units to a newly constructed laundromat in Mount Vernon, NY. The two 100kW machines have the capacity to supply the business with all of its hot water and a majority of its electrical needs. Once up and running, the facility will produce almost two thirds of its own energy, generating significant cost savings.
These cost savings, along with the NY State incentives for Tecogen’s ultra-clean equipment, are significant benefits in the highly competitive laundromat industry.
The coin laundry industry is actually comprised of two distinct segments. First are the so-called vended laundries, which are located in a public retail space. Second are [click to continue…]
EnWave Corporation (TSXV:ENW – $0.90 CAD & OTC:NWVCF – $0.73 USD & Frankfurt:E4U – €0.62), which offers industrial-scale dehydration technologies for food and pharmaceutical companies, reported revenue of $4.67 million for its third quarter of fiscal year 2017, ended June 30, 2017, compared with $5.22 million in the comparable period last year, a decrease of 11%.
The decrease in revenue is primarily due to a lower number of purchase orders for Radiant Energy Vacuum (REV) machinery. The timing of large-scale machine purchase orders is hard to predict, and in this year’s third quarter less orders were received compared to last year’s. However, the Company is making up for this… fast.
Since April 1st, 2017 EnWave received the following REV purchase orders: [click to continue…]
Tecogen Inc. (TGEN – $3.06) 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 30 years.
Tecogen’s second quarter was an impressive one with double digit product and service revenue growth. Revenue in the second quarter, ended June 30, 2017 was $7,590,540 compared with $5,687,308 for the same period in 2016. An impressive surge of 33.5% and the highest quarterly revenue ever in the Company’s history.
Thanks to the successful acquisition of American DG Energy (ADGE), which added the onsite utility business to Tecogen, the Company is now completely vertically integrated, making it a clean technology company able of offering equipment design, manufacturing, installation, financing and long-term maintenance service. [click to continue…]
Acme United Corporation (ACU – $27.70) is a worldwide supplier of cutting devices, measuring instruments and first-aid products for school, home, office, industrial and hardware use.
Acme United’s sales and earnings were down in the second quarter. Oddly enough, the major reason for the decline 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.
The order and fulfillment patterns for online sales however are profoundly different compared with brick and mortar store sales. They actually differ so much that a significant portion of Acme’s back-to-school business will be booked in the third quarter instead of the second. [click to continue…]