SAN FRANCISCO, Feb. 10, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), initiated equity research coverage on Enova Systems, Inc. (NYSE-AMEX: ENA) ($0.39) on February 8, 2012 with a Buy rating.
(Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)
Enova Systems is a clean technology company that focuses on the production and marketing of power management and conversion systems for the automotive industry.
Research analyst, Jesse Herrick, highlighted these themes in his initiation report:
- Green for Free (GFF) program will be a game-changer for Enova and the step van market. Enova formed an alliance with FCCC in November 2011 to initiate the GFF program under which FCCC's All-Electric Step Van chassis will be powered by Enova's Omni drive system. FCCC has a 90% market share of the U.S. and Canadian diesel-driven medium-duty commercial vehicle space with customers including UPS, FedEx, Cintas, and Aramark available to provide a ready market for the GFF program.
- Omni drive systems will put Enova on a different growth trajectory. Enova's Omni drive systems, which are compatible with a wide range of vehicle drive systems, are expected to generate more than 45% gross margins, boosting the overall gross margin of Enova to more than 35%. The Omni product line is comprised of the Omni Inverter, the Omni Charger, and the Omni DC/DC Converter.
- Enova has been steadily building up a customer portfolio. Enova was the first company to market a commercial PHEV, in 2006, and has successfully delivered more than 2,500 hybrid and electric systems globally, steadily building up its customer portfolio. The company has established relationships with some of the strongest brands in the automobile manufacturing industry, including Navistar, Smith Electric Vehicles, China-based First Auto Works (FAW), and Daimler Freightliner.
- Attractive valuation. We have arrived at a 12-month price target of $0.71 for Enova using average peer EV/Sales multiples, implying considerable upside from current levels. We feel that the GFF program will boost Enova's revenue in 2012 and 2013, through a combination of fresh orders, new customers, and preservation of existing relationships.
Members of the media can obtain a copy of this Merriman Capital research report by e-mailing editorial@merrimanco.com.
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. We also provide capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/contact.cfm.
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 28, 2011 and our Form 10-Q filed on November14, 2011. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 28, 2011 and 10-Q filed on November 14, 2011, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."
Important Disclosures
This research has been prepared by Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. Some companies Merriman Capital, Inc. follows are emerging growth companies whose securities typically involve a higher degree of risk and more volatility than the securities of more established companies.
The securities discussed in Merriman Capital, Inc.'s research reports may be unsuitable for some investors depending on their specific investment objectives, financial status, risk profile, or particular needs. Investors should consider this report as only a single factor in making their investment decisions and should not rely solely on this report in evaluating whether or not to buy or sell the securities of the subject company.
Regulation Analyst Certification (Reg. AC)
All of the views expressed in this research report accurately reflect the research analyst's personal views about any and all of the subject securities or issuers. No part of the research analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the research analyst in the subject company of this research report. Research analysts are not directly compensated for specific revenue generated by the firm's investment banking transactions/activities.
General Disclosures
Merriman Capital, Inc. expects to receive or intends to seek compensation for investment banking services for all of the companies in its research universe in the next three months. Investors should assume that Merriman Capital, Inc. is soliciting or will solicit investment banking or other business relationships from the companies covered in this report in the next three months. Security prices in this report may either reflect the previous day's closing price or an intraday price, depending on the time of distribution. Designated trademarks and brands are the property of their respective owners.
Specific Disclosures
Key to investment Rankings (expected total share price return inclusive of dividend reinvestment, if applicable)
- Buy: Merriman Capital, Inc. expects the stock price to appreciate 10% or more over the next 12 months. Initiate or increase position.
- Neutral: Merriman Capital, Inc. believes the stock price is fairly valued at current levels. Maintain position or take no action.
- Sell: Merriman Capital, Inc. expects the stock price to depreciate over the next 12 months. Sell or decrease position.
This press release is for information purposes only and should not be regarded as an offer to sell or solicitation to buy the securities or other instruments of the company mentioned.
SOURCE Merriman Holdings, Inc.
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Fluidigm Corporation (NASDAQ: FLDM) will move the timing of its conference call with investors to start at 1:30 p.m. PST (4:30 p.m. EST) on February 14, 2012.
The company will report its fourth quarter and 2011 full year financial results on February 14, 2012, at close of market.
Fluidigm President and Chief Executive Officer Gajus Worthington, and Chief Financial Officer Vikram Jog, will host a conference call at 1:30 p.m. PST (4:30 p.m. EST) on February 14, 2012, to discuss fourth quarter and 2011 full year financial results and operating activities. A press release outlining the financial results will be publicly distributed prior to the call.
The Fluidigm conference call can be accessed by calling (877) 556-5248 (domestic toll-free) or (720) 545-0029 (international toll). There will be a Q&A period during the call.
Fluidigm will also provide a live stream of its fourth quarter and 2011 full year financial results conference call for investors at: http://investors.fluidigm.com/events.cfm. The link will not be active until 1:15 p.m. PST on February 14, 2012. A telephone replay of the teleconference will be available 90 minutes after the end of the call at (855) 859-2056 (domestic toll-free), or (404) 537-3406 (international toll), access code 48648892. The conference call will also be archived on the Fluidigm investor’s page at: http://investors.fluidigm.com.
About Fluidigm
Fluidigm (NASDAQ: FLDM) develops, manufactures and markets microfluidic systems for growth markets in the life science and agricultural biotechnology, or Ag-Bio, industries. Fluidigm’s proprietary microfluidic systems consist of instruments and consumables, including chips, assays and other reagents. These systems are designed to significantly simplify experimental workflow, increase throughput and reduce costs, while providing the excellent data quality demanded by customers. Fluidigm actively markets three microfluidic systems, including eight different commercial chips, to leading pharmaceutical and biotechnology companies, academic institutions and Ag-Bio companies.
For more information, please visit www.fluidigm.com.
Fluidigm and the Fluidigm logo, are trademarks or registered trademarks of Fluidigm Corporation.
Fluidigm CorporationHoward High, 650-266-6081 or 510-786-7378 (mobile)howard.high@fluidigm.com
Source: Fluidigm Corporation
TX1 Tissue Removal System and the FAST Procedure Filmed at UT Health Science Center
SAN ANTONIO--(BUSINESS WIRE)-- “The Global Learning Series,” the global education-focused web and television distributed program is now featuring Dr. Bernard Morrey, internationally renowned, board-certified orthopedic surgeon performing FAST procedure using the TX1 Tissue Removal System. In this segment, Dr. Morrey treats patients at The University of Texas Health Science Center. Dr. Morrey is the Emeritus Chairman and Professor of Orthopedics at Mayo Clinic and the University of Texas Health Science Center, San Antonio.
The featured procedure is a new treatment option now available that is designed to remove the source of tendon pain faster and safer than traditional open surgery. Created by Tenex Health and developed in collaboration with The Mayo Clinic, the innovative FAST procedure(Focused Aspiration of Scar Tissue), is a minimally invasive treatment that removes scar tissue from the elbow, knee and shoulder.
Television Web Feature Story for The Global Learning Series
http://www.youtube.com/watch?v=TXALUBBdg1k
Tenex Health 1 Minute
http://www.youtube.com/watch?v=GKwHV4S8I4g
Please note that 3 national airings of the Tenex Health 1 Minute will be featured on Fox Business Network on Saturday, February 11th and/or Sunday, February 12th…please check Friday night posting on The Global Learning Series homepage, for advanced notification of exact air times.
Tenex Health Demo
http://www.youtube.com/watch?v=cqxmhqI6vAw
About Tenex Health Inc.
Tenex Health, Inc. (www.tenexhealth.com) develops and markets innovative therapies for the treatment of tendon pain due to trauma or repetitive motion injuries. The minimally invasive procedure, known as FAST™ (Focused Aspiration of Scar Tissue), utilizes the company’s proprietary TX1 Tissue Removal System to debride and aspirate diseased soft tissue and bone spurs in an outpatient setting using local anesthetic (www.fastprocedure.com). Since the surrounding healthy tendon tissue is not disturbed, patients enjoy less discomfort and faster recovery times versus traditional open surgical procedures. The entire procedure is completed under local anesthesia and usually within 15 minutes.
About “The Global Learning Series”
“The Global Learning Series” is the storied education-focused, issue-oriented, non-commercial program, the global pollinator of education ideas and content independently produced and distributed directly to many stations including public television, throughout North America, the Caribbean and globally to both the web and international content and education broadcasting services. “The Global Learning Series” strictly follows the standards and practices of public television, and is distributed freely to public television stations and many news and education broadcasting stations and services, for them to use at their own discretion. “The Global Learning Series” program is not affiliated with PBS. For more information about the program, contact: www.thegloballearningseries.tv
DevicePharmAmber Chao, 949-271-1781Account ExecutiveorThe Global Learning Seriesinquiry@thegloballearningseries.tv
Source: The Global Learning Series
SAN JOSE, CA -- (MARKET WIRE) -- 02/10/12 -- Cisco (NASDAQ: CSCO) today announced that it is teaming with the leading Belgian cable operator VOO to prepare the transition to IPv6. Cisco's dual-stack technology will be deployed across the VOO network, allowing the service provider to run IPv4 and IPv6 simultaneously in order to maintain a high-quality customer experience during the transition from IPv4 to IPv6.
With the goal of a fully IPv6-enabled network, deploying a dual-stack strategy allows both IPv4 and IPv6 to coexist across the network, allowing a gradual transition for the service provider and its customers. Devices on the VOO network will be able to run both systems in parallel, thereby enabling users to simultaneously reach IPv4 and IPv6 content and reducing VOO's reliance on IPv4 exhaust mitigation technologies.
Highlights:
- VOO is deploying a dual-stack infrastructure to minimize disruption to the service provider's existing customer base while giving its network the ability to flex and scale in line with the company's growth targets.
- The solution will incorporate the Cisco Carrier-Grade IPv6 Solution (CGv6), a portfolio of products and services designed to help businesses adopt IPv6 in a controlled, safe, and cost-effective manner.VOO will also be able to deliver innovative platforms, applications, and services that take advantage of the technical possibilities of being an early adopter of IPv6.
- The Cisco solution will include the deployment of the Cisco CRS-3 Carrier Routing System and the Cisco Cable Modem Termination Systems (CMTS). The Cisco CRS-3, powered by Cisco QuantumFlow Array", is designed to help service providers prepare for the rapid rise in network traffic fueled by the growth in video content, mobile traffic, and cloud data centers. Lab testing of the dual-stack solution has already been completed with full deployment expected to begin by November 2012.
- The Cisco solution will also incorporate Cable DOCSIS 3.0 network technology, giving VOO the foundation it needs to deploy faster, more consistent network speeds to its users. Recent tests conducted on Cisco's DOCSIS 3.0-enabled networks saw record-breaking speeds of 4 gigabits per second achieved.
- Cisco is fully committed to supporting the transition to IPv6 and will be participating in the recently announced World IPv6 Launch on 6 June 2012, following on from the company's successful involvement in last year's World IPv6 Day.
Supporting Quotes:
- Nico Weymaere, CTO, VOO, commented: "Making the move to IPv6 is a complex process but one that is absolutely critical for our business and our long-term ambitions to deliver first-class services to our rapidly growing customer base. It was therefore vital that we select the right partner to support the business throughout the transition. We are delighted to be working with Cisco as we move to IPv6 and are confident that, by deploying a dual-stack network infrastructure now, we are laying the long-term foundation for a smooth and cost-effective transition to a fully IPv6 compatible network."
- Paolo Campoli, CTO and Head of Service Provider Architectures, Europe, Middle East, Africa and Russia, Cisco, commented: "In order to ensure business continuity and future growth, all organizations need to have a strategy in place for the deployment of IPv6. By rolling out dual-stack network technology, service providers are able to maintain flexibility and scalability by allowing IPv4 and IPv6 to coexist. Equally importantly, content providers are quickly moving to IPv6, and service providers who simultaneously support IPv4 and IPv6 are able to secure their key role in the content distribution value chain while preserving the precious IPv4 address pool. We are delighted to be working with VOO to implement this kind of dual-stack approach. At Cisco, we believe that this is the best way of reducing disruption and ensuring a smooth, cost-effective transition to IPv6. I expect to see many other service providers follow VOO's lead in the coming months."
Supporting Resources:
- IPv6: http://www.cisco.com/go/ipv6
- Cisco Carrier-Grade IPv6 (CGv6) Solution White Paper
- Cisco Carrier-Grade IPv6 (CGv6) Solution
- Dual-stack Use Case: http://www.cisco.com/en/US/prod/collateral/iosswrel/ps6537/ps6553/at_a_glance_c45-625859.pdf
Tags/Keywords: Cisco, Service Provider, IP, IPv6, MPLS, Dual-stack, DOCSIS, network
RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds
About VOO VOO is the brand under which the cable companies TECTEO and BRUTELE offer triple play services on the southern part of Belgium (Wallonia + part of Brussels).
VOO is the leader in its territory for the provision of television service and launched its Triple Play Packs in late 2009 and since then, is expanding rapidly its number of subscribers to its interactive TV, Internet to high and fixed. VOO is also the only one to offer to residential customers in its area of Internet connections to 50 and soon 100Mbps.
Finally, VOO has also recently acquired a GSM license to offer soon the Quadruple Play to its subscribers (~ 1Mio customers).
About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. DOCSIS is a registered trademark of Cable Television Laboratories, Inc. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
Press contact: Patrick Blocry patrick.blocry@staff.voo.be +322 730 03 60
Source: Cisco
Announces Multiple University Partnerships
LEXINGTON, Ky.--(BUSINESS WIRE)-- The On Campus Sports Network has unveiled a new era in college sports coverage with the launch of www.OnCampusSports.com, a college student journalist-driven website dedicated to comprehensive coverage of college athletics. OnCampusSports.com, an entertainment platform that attracts the top student-journalists from across the country, provides a unique perspective to the college sports experience unlike anything in the marketplace.
OnCampusSports.com, and its proprietary OCS School of Communication, has already partnered with a number of universities nationwide. Participating schools include: Boise State University, University of Cincinnati, Miami University (Ohio), Ohio State University, Texas Tech University, University of South Alabama, Washington State University and Xavier University.
“It’s a win‐win situation for both the student interns and our student‐athletes,” said Tom Eiser, Associate Athletic Director for Media Relations at Xavier University. “OCS provides an opportunity for students to gain valuable sports journalism experience while also providing positive coverage for our student‐athletes and athletic programs.”
Through these university partnerships, faculty members have committed to promote the opportunity of reporting for On Campus Sports to students, as well as provide recommendations for qualified candidates. In addition, On Campus Sports has been granted full access from major Division I athletic departments, who clearly identify the glaring need for in-depth coverage of all sports.
“The OCS School of Communication will allow aspiring journalists the chance to gain an advantage in the job market from on‐the‐job training and authentic work experience,” said Rayo Nulsen, President of the On Campus Sports Network. “Students will also enjoy broad exposure to a national audience, along with coaching from professional editors, university professors and student peers.”
“One thing that is true for all journalism students is the need for real‐world experience and a place to publish their work,” said Dr. Richard Campbell, Director of Journalism at Miami University. “Our partnership with On Campus Sports reinforces the critical elements we’re teaching in the classroom, and even our best writers will benefit from the constant feedback and evaluation.”
About On Campus Sports Network
On Campus Sports (www.OnCampusSports.com) is the leader in providing comprehensive media and interactive coverage of collegiate athletics, spanning all divisions, all sports, and all covered by college students.
On Campus Sports NetworkFred Reeder, 513-256-6952fred.reeder@OnCampusSports.com
Source: On Campus Sports Network
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