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SunOpta: Equity Financing for BioProcess Group

SunOpta Inc. (NASDAQ:STKL; TSX:SOY) announced it is exploring whether to raise US$30 million in a private equity placement for a minority position in the SunOpta BioProcess Group. SunOpta is seeing increased interest in its BioProcess technology, which the company believes makes the production of cellulosic ethanol commercially possible. The proceeds would be used to invest in cellulosic ethanol production. The decision to proceed with the equity financing depends on the valuation, satisfactory due diligence and the transfer of the BioProcess Group into a wholly-owned subsidiary of SunOpta. Website: http://www.sunopta.com     

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DayStar Names New CEO

DayStar Technologies Inc. announced that Stephan DeLuca will take over for John Tuttle as CEO. Tuttle will continue to serve as Chairman of the Board. DeLuca served as vice president of worldwide sales and business development for Inficon Holding AG before joining DayStar in April as chief operating officer. Switzerland’s Inficon Holding AG manufactures vacuum instrumentation, critical sensor technologies and process control software for the semiconductor and related industries. From start-up through DayStar’s critical development stage, John’s vision and energy, as Founder and CEO, have contributed immeasurably to the Company’s emergence as a noted contender for market leadership in the fast growing photovoltaic industry,” stated Dr. Randolph Graves, Jr., DayStar’s Lead Director. “Since joining us in April, we have been impressed with the progress achieved in operations during Stephan’s tenure as COO. Based on his success and expertise in managing corporate environments, we are confident that, as DayStar’s new CEO, he is ideally suited to successfully navigate the Company’s ongoing transition into a commercial manufacturing enterprise.” “With this corporate management shift, I hope to concentrate my strengths on helping to develop strategies essential to the realization of DayStar’s objectives,” stated Dr. Tuttle. “As Chairman, I remain committed to ensuring that […]

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Medis Announces Worldwide Distribution & Order

Medis Technologies Ltd. (NASDAQ:MDTL) and Northwest Charging Systems Inc. (NCS), announced a worldwide distribution agreement to market and sell the Medis 24/7 Fuel Cell Power Pack together with an initial purchase order from Northwest for 250,000 24/7 Power Packs. NCS is a manufacturer and battery assembler, focused on providing engineering, design, components and production assistance to the portable power market. NCS provides Smart Battery management solutions for complex battery systems of up to 12 cells in series including safety, pack management, cell balancing, fuel gauging and charging solutions. “We are excited to be able to offer our customers the Medis 24/7 Power Pack to meet their mobile charging needs,” said Lance Chandler, CTO, of Northwest Charging Systems. “We immediately recognized that the Medis 24/7 Power Pack would be a product that would satisfy our customers’ requirements since we could find no other mobile charging solutions available in the market that can provide the extended runtimes that the 24/7 Power Pack allows. Medis’ vision for the future aligns with NCS’ as we move toward providing next generation solutions to the portable power needs of our customers.” “Northwest Charging Systems is a highly sophisticated battery solutions company which provides a valuable avenue […]

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