Universal Display Signs OLED Technology License Agreement with Pioneer Corporation for Lighting

Pioneer to use Universal Display’s highly efficient, high-performance UniversalPHOLED® technology and materials for the manufacture and sale of OLED lighting products



Universal Display Corporation (NASDAQ:PANL), enabling energy-efficient displays and lighting with its UniversalPHOLED technology and materials, announced that the company has entered into an OLED technology license agreement with Pioneer Corporation. Under the arrangement, Pioneer will be licensed to access and use Universal Display’s proprietary UniversalPHOLED phosphorescent and other OLED technologies and materials for the manufacture and sale of OLED lighting products.

In 2003, Pioneer introduced the first OLED display product to use Universal Display’s phosphorescent OLED technology and materials. Based on this product launch, the companies, along with Nippon Steel Chemical Company (NSCC) and Tohoku Pioneer Corporation, were awarded the grand prize of the 10th annual Advanced Display of the Year (ADY) award, in the Display Materials and Components category, at the 2005 FINETECH JAPAN conference. Since then, Pioneer has developed and marketed a variety of passive-matrix OLED products for automotive, consumer electronics and other applications. Based on a strong foundation, Pioneer is now well prepared to take the next step into OLED lighting using Universal Display’s proprietary UniversalPHOLED technology and materials.

The new agreement grants Pioneer license rights under various patents and associated know-how owned or controlled by Universal Display for Pioneer to manufacture and sell OLED products for lighting applications. Pioneer will pay running royalties on its sales of these licensed products under the agreement. The term of the agreement continues until Pioneer sells a specified amount of licensed products. Universal Display separately agreed to sell to Pioneer certain phosphorescent OLED materials for use in manufacturing licensed OLED lighting products.

OLED lighting has the potential to lower the energy demands and lessen the environmental impacts associated with lighting on a global scale. Recent advances in OLED lighting, including those demonstrated by Universal Display through the use of its proprietary, phosphorescent OLED technology and materials, now allow OLEDs to meet a variety of niche lighting performance targets and demonstrate the potential for OLEDs to achieve general lighting targets established by the U.S. Department of Energy. In addition, OLED lighting may enable a range of exciting new product concepts with innovative form factors, transparency and flexibility.

Universal Display Corporation is a leader in developing and delivering state-of-the-art, organic light emitting device (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 1,200 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology, that can enable the development of low power and eco-friendly displays and white lighting.

More about PANL at www.universaldisplay.com

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Crown Equity Holdings Inc. (CRWE)

Some of the benefits of Voice over Internet Protocol are:

* A Voice over IP system integrates voice, data and video with high-speed data service into one manageable solution.
* Customers can see your presence online with a voice over IP system. Working from any location, customer calls will reach your agents at the office, on the road, or at home.

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Silicon Image, Inc (Nasdaq:SIMG) announced that Silicon Image's InstaPort™ technology is being featured across a broad range of Sony's 2011 Bravia® LCD TV models. Silicon Image port processors offer advanced DTV features such as InstaPort™ fast port switching technology, built-in HDCP decryption engines, and four HDMI inputs in a highly integrated switching product designed to reduce BOM costs while boosting performance.

Silicon Image, Inc. engages in the design, development, and implementation of semiconductors and intellectual property (IP) solutions for the storage, distribution, and presentation of high-definition content in home and mobile environments worldwide.

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Cleantech Transit, Inc. (CLNO)

Biomass is a biological material that is derived from either living or recently living organisms and can be used as a renewable energy source. Biomass materials can come from many plant or animal origins such as wood, agricultural crops, food waste, alcohol fuels and many more.

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Canadian Solar Inc. (Nasdaq:CSIQ) announced that the company has supplied solar modules to EOSOL Energies Nouvelles' new ground-mounted solar plant. Canadian Solar provided a total of 21,560 solar modules for an installed capacity of 5.1 MW. EOSOL EN's new power plant called "Le Petit Chataignier" has been built in La Genetouze in the South West of France on an area of 89,300 m².

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Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

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Cninsure Inc (Nasdaq:CISG) announced the signing of a corporate-to-corporate strategic partnership agreement with Chartis Insurance Company China Limited ("Chartis Insurance"), a subsidiary of Chartis, Inc., marking a new stage of cooperation between the two parties.

CNinsure Inc., together with its subsidiaries, provides insurance brokerage and agency services, and insurance claims adjusting services in the People's Republic of China.

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Fushi Copperweld, Inc. (Nasdaq:FSIN) announced that it has received approval from the Commercial Court of Liege in Belgium for its previously announced agreement with the receivers of Leaf Business Holdings Belgium regarding the lease with an option to purchase a 45,000 square-meter copper tubing manufacturing and distribution center that establishes an operational hub for the Company in continental Europe. Fushi Copperweld will have an option to acquire all of the assets for EUR 5.75 million (approximately USD 7.8 million) during the lease period.

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Enzo Biochem Inc. (ENZ)

Enzo Biochem Inc. recently announced that it has added four highly experienced executives at its Enzo Life Sciences subsidiary to focus on rapidly evolving new pharmaceutical and clinical applications.


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Oak Valley Bancorp (Nasdaq:OVLY) announced that it has reached an agreement with the U.S. Treasury for the repurchase of the warrant that Oak Valley Bancorp had issued to the U.S. Treasury in December 2008 in connection with its participation in the Capital Purchase Program.

Oak Valley Bancorp operates as the holding company for Oak Valley Community Bank that provides banking services to individuals and business enterprises in Oakdale, California.



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Cleantech Transit, Inc. (CLNO)

The most important advantage of biomass is that it is everywhere and very easily available. In the agriculture industry, residuals like bagasse (fibers) from sugarcane, straw from rice and wheat, hulls and nutshells, as well as manure lagoons from cattle, poultry and hog farms are usable. Similarly, the timber industry has a lot to offer. Wood wastes like sawdust, timber slash and mill scrap is considered organic materials. Even in cities, paper and yard wastes are usable. Fully utilized biomass reduces pollution in underground water bodies by offsetting the amount of waste in landfills. Methane and other poisonous gases that form from dead organic matters can be found in landfills and water treatment plants. These can be captured and converted in to fuels suitable for generating electricity.

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Cabela's Inc. (NYSE:CAB) announced the addition of Scott K. Williams to its executive team. Williams will be joining Cabela's as Executive Vice President and Chief Marketing and E-Commerce Officer, reporting to Tommy Millner, Chief Executive Officer.

Cabela's Incorporated, together with its subsidiaries, operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise.

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Crown Equity Holdings Inc. (CRWE)

Web marketing is referred to as Internet marketing online or e-marketing. It means marketing of products and services over the World Wide Web or Internet. It brings together the creative and technical aspects of the Internet, which includes design, advertising, development, and sales. All aspects of traditional marketing methods are used in a more interactive and effective manner.

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Owens Corning (NYSE:OC) announced that its Duration® Premium COOL Roof Shingles and Deck Defense® High Performance Roof Underlayment have been used to re-roof the Advanced Light Source (ALS). The ALS, a particle accelerator that generates X-rays for research, is housed under the iconic dome built by Nobel Prize winner Ernest Orlando Lawrence for his 184-inch cyclotron in the 1930s.

Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide.

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FBL Financial Group Inc. (NYSE:FFG) announced that it was ranked No. 83 on FORTUNE Magazine's list of the top 100 fastest growing domestic and foreign companies. FBL Financial joins giants like Apple and Amazon.com on the list, and is one of only 10 financial services companies included for 2011.

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Enzo Biochem Inc. (ENZ)

Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including exotic tests, to the medical community. Since ENZ was founded in 1976, their strategic focus has been on the development of enabling technologies in the life sciences field.

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Corporate Office Properties Trust (NYSE:OFC) announced that its operating partnership, Corporate Office Properties, L.P. (the "Operating Partnership"), completed its offer to repurchase up to $162.5 million aggregate principal amount of the 3.50% Exchangeable Senior Notes due 2026 (CUSIP No. 22003BAA4) (the "Notes") of the Operating Partnership.

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CarMax Inc. (NYSE:KMX) reported results for the second quarter ended August 31, 2011. Net sales and operating revenues increased 11% to $2.59 billion from $2.34 billion in the second quarter of last year. Comparable store used unit sales declined 2% for the quarter. Total used unit sales decreased 1% in the second quarter. Total wholesale unit sales increased 23% in the second quarter. Net income increased to $111.9 million, or $0.49 per diluted share, compared with $107.9 million, or $0.48 per diluted share, earned in the second quarter of fiscal 2011.

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Saba enables organizations to build a transformative workplace that leverages the advent of social networking in business and the ubiquity of mobile to empower an organization’s most mission-critical assets – its people. The company provides a unified set of People Cloud Applications including learning management, talent management, enterprise social networking and real-time collaboration delivered through the Saba People Cloud. Saba solutions help organizations leverage their people networks to become more competitive through innovation, speed, agility, and trust.

Saba Announces First Quarter Fiscal Year 2012 Results

Total quarterly billings up 18% with cloud billings growing 81% year-over-year

Cloud revenue grew 59% year-over-year

Subscription revenue up 26% year-over-year; representing 61% of total revenues

Subscription revenue gross margin expanded to 77%

Total deferred revenue increased 29% year-over-year to $43.9 million




Saba (NASDAQ:SABA), the premier People Cloud provider, reported financial results for its first quarter ended August 31, 2011.

“We started fiscal year 2012 with strong quarterly performance in billings and revenue growth, and gross margin expansion,” said Bobby Yazdani, Founder and CEO, Saba. “Our strength this quarter was broad-based across geographies and market segments – global enterprises, large enterprises, and mid-market enterprises. As we continue to make significant progress on our transition to the cloud, Saba is establishing itself as the vendor of choice and strategic partner to organizations seeking to transform the way their people network – employees, partners, customers, and franchisees – works, collaborates, and learns.”

Total GAAP revenues were $30.6 million in the first quarter of fiscal year 2012, up 13% from $27.2 million in the same quarter last year. Total non-GAAP revenues in the first quarter of fiscal year 2012 were $30.9 million, up 14%, compared to $27.2 million in the same quarter last year. Non-GAAP revenues reflect the impact to revenue of fair value adjustments to deferred revenue due to acquisitions.

More about SABA at www.saba.com

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Qualstar Corp. (NASDAQ:QBAK) announced that its widely regarded RLS-8500 Series rack mount tape libraries and the new RLS-8350 model now feature library-based encryption key management to eliminate the risk of data loss while tapes are in transit to external disaster protection sites or other remote locations. RLS-8500 Series libraries incorporating encryption key management are now shipping.

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Global Hunter (GBLHF.PK)

Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.

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Network Engines, Inc. (Nasdaq:NEI), a leading provider of server-based application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs worldwide, announced the election of Patricia C. Sueltz to the company's board of directors. Ms. Sueltz has approximately 30 years of relevant industry experience, most recently serving as CEO of LogLogic, Inc., and SurfControl, Inc. During her tenure as LogLogic CEO, Ms. Sueltz increased the company's number of customers from 400 to more than 1,000, successfully completed the acquisition and integration of Exaprotect, and achieved a leadership position in Gartner's Magic Quadrant for Security Information and Event Management.

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Patrick Industries, Inc. (NASDAQ:PATK) announced that it has completed the acquisition of certain assets of Syracuse, Indiana-based A.I.A. Countertops, LLC ("AIA"), a premier fabricator of DuPont™ Corian® countertops, backsplashes, tables, signs, and other products for the RV and commercial markets, for a net purchase price of approximately $5.7 million. AIA's projected annualized revenues are approximately $20 million. The acquisition is expected to be immediately accretive to earnings.

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Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

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Infosonics Corp. (NASDAQ:IFON) announced the launch of its new verykool® i725 handset. "Our continued emphasis on R&D investment has led to our new and unique i725 phone. At only 11.8 mm in thickness, this slider touch screen QWERTY phone has all the characteristics to be in a class of its own," said Joseph Ram, the company's president and chief executive officer.

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Infosonics Corp. (NASDAQ:IFON) announced the launch of its new verykool® i725 handset. "Our continued emphasis on R&D investment has led to our new and unique i725 phone. At only 11.8 mm in thickness, this slider touch screen QWERTY phone has all the characteristics to be in a class of its own," said Joseph Ram, the company's president and chief executive officer.

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Hanwha SolarOne Co., Ltd. (NASDAQ:HSOL)announced it has obtained a five-year loan in an amount of USD100 million, led by Standard Chartered Bank and Korea Development Bank. The agreement provides for loans in USD.

Hanwha SolarOne Co., Ltd. is a vertically integrated manufacturer of silicon ingots, wafers, PV cells and modules. Hanwha SolarOne offers high-quality, reliable products and services at competitive prices.


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Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq:QTWW) reported its results for the first quarter of fiscal 2012. Revenues increased $3.2 million, or 90%, from $3.6 million in the first quarter of fiscal 2011 to $6.8 million in the first quarter of fiscal 2012. The increase in revenue is primarily due to increased product shipments to Fisker Automotive of components related to our Q-Drive™ hybrid drive systems.

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Crown Equity Holdings Inc. (CRWE)

Online marketing is providing a business owner with a more eclectic and expansive potential customer base that is not constrained by some physical parameters. Online marketing offers you a global exposure as well as a chance to do business anywhere in the world. As well, the segmentation of customers is simplified in internet marketing owing to increased efficiency of maintaining customer preferences and requirements. Internet marketing is not limited by time and space constants as offline marketing.

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Shengkai Innovations is primarily engaged in the design, manufacture and sale of ceramic valves, high-tech ceramic materials and the provision of technical consultation and related services. The Company's industrial valve products are used by companies in the electric power, petrochemical and chemical, metallurgy and other industries as high-performance, more durable alternatives to traditional metal valves. The Company was founded in 1994 and is headquartered in Tianjin, the PRC.

Shengkai Innovations, Inc. Reports Fourth Quarter and FY2011 Results




Shengkai Innovations, Inc. (Nasdaq:VALV), a leading ceramic valve manufacturer in the People's Republic of China (the "PRC"), announced results for its fourth quarter and FY2011 ended June 30, 2011.

Revenues in the fourth quarter increased 70.9% year-over-year to approximately $27.3 million from approximately $16.0 million for the same quarter of FY2010. The increase was primarily attributable to the Company's continuous marketing efforts, increased customer demand and expanded production capacity at the new facility. Sales to customers in all business segments have grown during the quarter.

Gross profit in the fourth quarter increased 56.1% to approximately $14.7 million from approximately $9.4 million for the comparable period in FY2010. This increase was primarily attributable to the revenue growth. Gross margin was 54.0%, compared with 59.1% for the fourth quarter of FY2010. The decrease in gross margin was primarily due to 1) increase in depreciation expenses resulting from an addition of approximately $49.3 million to "Plant and equipment"; and 2) a 13% year-over-year price increase in steel raw material and steel die-casting components.

For the fiscal year ended June 30, 2011, the Company's revenues were approximately $93.5 million, up 72.6% from approximately $54.1 million for FY2010. All business segments grew and total ceramic valves output reached 23,298 sets, compared with 14,376 sets for FY2010.

Specifically, revenues from the electric power industry increased 63.4% year-over-year to approximately $57.7 million. The increase was primarily due to the broadening of customer base and repeated orders from existing customers. Approximately 80% of revenue from the electric power industry for FY2011 was generated from previously existing customers with the remaining 20% from new customer accounts.

More about VALV at www.shengkaiinnovations.com

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