QuickChek – May 12, 2021



Great Bear to Host a Webinar on Monday, June 7 to Provide a Company Update on the Dixie Project Drill Program

Great Bear Resources would like to invite interested shareholders to join Mr. Chris Taylor, P.Geo, President and CEO and Mr. R. Bob Singh, P.Geo, Vice President, Exploration for a webinar detailing recent progress in the Company’s ongoing fully-funded drill program at its 100% owned Dixie property in the Red Lake district of Ontario.

Research, News & Market Data on Genprex

Noble Senior Analyst Mark Reichman’s Research Initiation on Great Bear



Genprex presents positive preclinical data for lung cancer drug REQORSA at AACR annual meeting

Genprex CEO, Rodney Varner, tells Proactive its collaborators have presented positive preclinical data for the combination of REQORSA in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer (NSCLC), as well as for REQORSA in combination with targeted therapies.

Research, News & Market Data on Genprex

Watch recent presentation from NobleCon17



CoreCivic’s Third Annual ESG Report Shows Steadfast Commitment to Reducing Recidivism, Focus on Keeping People Safe and Front Line Resiliency Amid Pandemic

CoreCivic today released its 2020 Environmental, Social and Governance (ESG) Report detailing its steadfast response to the challenges of the COVID-19 pandemic.

Research, News & Market Data on CoreCivic

Watch recent presentation from NobleCon17



ProMIS Neurosciences appoints renowned neuroscientist, Dr. Rudolph Tanzi, as Chair of Scientific Advisory Board

ProMIS Neurosciences, Inc.today announced the appointment of Rudolph Tanzi, Ph.D, as Chair of the Company’s scientific advisory board (SAB). Dr. Tanzi is the Joseph P. and Rose F. Kennedy Professor of Neurology at Harvard University and Vice-Chair of Neurology, Director of the Genetics and Aging Research Unit, and Co-Director of the Henry and Allison McCance Center for Brain Health at Massachusetts General Hospital.

Research, News & Market Data on ProMIS Neurosciences



Comstock Announces First Quarter 2021 Results; Strong Financial Position; Continued Climate Smart Mining and Valorization to Clean Energy Transition

Comstock Mining, Inc.today announced selected unaudited financial results for the fiscal quarter ended March 31, 2021.

Research, News & Market Data on Comstock

Watch recent C-Suite Interview with Comstock CEO



Capstone Green Energy Receives Order for a Microturbine Intended to Run on Hydrogen for a Remote Offshore Demonstration Project

Capstone Green Energy, formerly Capstone Turbine Corporation announced today that it has received an order for a microturbine intended to run on hydrogen. Secured by Capstone partner Optimal Group, the order for Blue Economy CRC is an integral part of an offshore DC-power based microgrid that will support offshore research and aquaculture for food production.

Research, News & Market Data on Capstone

Watch recent Virtual Roadshow Replay



Comtech Telecommunications Corp. Awarded $9.8 Million Contract with Tier-One Mobile Network Operator

Comtech announced today that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, has finalized a $9.8 million contract with a major tier-one mobile network operator.

Research, News & Market Data on Comtech

Watch recent presentation from NobleCon17

Oil and Natural Gas Pipelines are Taken for Granted – Here are Ten Facts You Should Know


image credit: Stian Olsen (flickr.com)


Oil and Natural Gas Pipelines are Taken for Granted – Here are Ten Facts You Should Know

Pipelines have been in the news lately.

There’s news of the 21 state lawsuit to keep the Keystone XL pipeline project moving forward, and now The Colonial Pipeline, a 2.5-million-barrel-per-day transport system that was shut down after a cyberattack on May 7.

Pipelines impact our daily lives by delivering oil, gas, jet fuel, diesel, and other refined products. Yet most of us know little about them and the businesses they serve, along with the business of transportation and distribution of liquids that travel through pipelines.

Below are ten information bits to help improve understanding of this seldom thought of, yet critical business.

Millions of Miles of Pipelines The combined length could reach the moon and back three times.

The U.S. has more than 1,382,569 million miles of pipeline that moves trillions of cubic feet of natural gas and hundreds of billions of tons of liquid petroleum products each year.

Different Pipelines for Different
Products
There are three types of pipelines. Crude oil is collected and transported by pipeline to refineries. Natural gas is pumped from wells to the refineries using a different type of pipeline. Once oil and natural gas have been refined into other products, they are then distributed for use by the third type of pipeline.

Cleaned by PIGs Pipeline Inspection Gauges (PIGs) are devices that travel through pipelines to inspect the pipes interior and clean debris. This is part of the preventative measures to get an early warning on any risks to the pipeline’s integrity.

Safest  Transportation Method  Transportation by rail is 4.5 times more likely to experience an accident while moving natural resources (according to the Fraser Institute).

The National Transportation and Safety Board ranks pipelines as one of the safest ways of transporting oil and natural gas.

Pipelines Vary in Width Determining the appropriate width for a pipeline depends on pressures, temperatures and volumes being transported. Pipelines that transport oil and natural gas range anywhere from two inches to four feet in diameter.

Pipelines Have a Long History The first known use of pipe to transport oil started soon after the first commercial oil well was built back in 1859 by “Colonel” Edwin Drake (Titusville, Pennsylvania).

Pipeline Capital of the World The city of Cushing, Oklahoma, has one of the largest pipeline hubs in the world. Approximately 50 million barrels of crude oil flow into its distribution network each day, with a maximum potential of 80 million barrels. The city has hundreds of tanks that hold more than 2 billion gallons of crude oil in reserve.

Drones, Sealants, and Fiber-Optic
Technology
Outside the pipeline, supplementing physical inspection by workers, drones equipped with cameras and advanced sensors are used to inspect above-ground pipelines. Current sealant technology is used on pipe exteriors to prevent corrosion, while fiber optic cables run alongside the pipeline to detect any threats to the pipes integrity.

Sacrificial Metal Metal Pipelines are protected by an electrical shield called cathodic protection, and a current is passed through an electric line connecting the pipeline to a secondary metal. This method causes corrosion to occur on the secondary (sacrificial) metal rather than the iron or steel pipe.

The U.S. is No. 1 in the World The U.S. has more petroleum pipelines than any other country with 1,233,000 miles of piped natural gas transport and 149,570 miles in petroleum products. In second place is Russia (101,825 miles) followed by Canada (62,137 miles).

 

Opportunity

Energy Services of America (ESOA) is a publicly-traded company engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. You can discover more about ESOA by attending the no-cost virtual roadshow by following the links below.

Virtual Road Show Series – Thursday May 13 @ 1:00pm EDT

Join Energy Services of America CEO Douglas Reynolds for this exclusive corporate presentation, followed by a Q & A session moderated by Poe Fratt, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.
Register Now  |  View All Upcoming Road Shows

Seanergy Maritime (SHIP) – Debt Converted and Acquisitions Increase Cape Exposure

Wednesday, May 12, 2021

Seanergy Maritime (SHIP)
Debt Converted and Acquisitions Increase Cape Exposure

Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of 10 Capesize vessels, with total capacity of approximately 1,748,581 dwt and an average fleet age of about 9.8 years. The Company is incorporated in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP” and class A warrants under “SHIPW”.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Two acquisitions were completed and two others are slated to close in June. Acquisition financing lined up. The Hellaship and Flagship acquisitions have closed and both are working on charters based on the Baltic Capesize Index (BCI). The Patriotship and Tradership acquisitions should close in June. Financing of ~$48 million has been lined up or in process so funding for the total acquisition cost of $101 million appears in place.

    Debt of $3 million converted into equity.  Jelco, the former major shareholder, converted sub debt of $3 million into 4.3 million shares and 4.3 million warrants with a strike price of $0.70/share. While an updated 13D has not been filed, we estimate that Jelco owns 7.8 million shares/pre-funded warrants, 12.3 million warrants with a strike price of $0.70/share and holds debt of $38.7 million …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Palladium One Mining Inc. (NKORF)(PDM:CA) – Drilling Program Is Making a Strong Case for the LK Project

Wednesday, May 12, 2021

Palladium One Mining Inc. (NKORF)(PDM:CA)
Drilling Program Is Making a Strong Case for the LK Project

Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    LK Project Phase II drilling program. To date, 46 holes, representing 9,469 meters of drilling have been completed at Kaukua South. Results for 34 drill holes have been released, while 12 are pending. Additionally, assay results are pending for 12 drill holes at the Haukiaho Zone where infill drilling was completed. Drilling has affirmed significant continuity of open pit grades and widths in both the upper and lower zone at Kaukua South. Drilling has been paused for the spring thaw and is scheduled to resume in late May.

    Drilling expanded the strike length of the upper zone.  Kaukua South consists of two mineralized zones. The upper zone typically returns higher Cu-Ni values and lower PGE grades. While less continuous than the lower zone, it exhibits greater widths. The continuous lower zone, the focus of the drilling program, is like the Kaukua deposit with high PGE tenors. When drilling resumes, the intent is to …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Information Services (III) – Raising PT on Back of Strong Operating Performance

Wednesday, May 12, 2021

Information Services (III)
Raising PT on Back of Strong Operating Performance

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Raising Price Target. We are raising our 12-month price target for III shares based on the Company’s strong operating performance and favorable operating outlook. At our new price target, III shares would trade at 21.2x our adjusted 2021 EPS, 11.9x our 2021 adjusted EBITDA, and 1.5x our 2021 revenue estimate. These multiples compare to a peer group average of 24.1x 2021 consensus earnings, 14.7x 2021 consensus EBITDA, and 2.3x 2021 consensus revenue.

    Area Revenues.  Reported revenues were $38.1 million in the Americas, up 7% versus the prior year, excluding the impact of T&E (up 3% reported); $22.7 million in Europe, up 4%, excluding the impact of T&E (up 3% on a reported basis and down 5% in constant currency), and $5.7 million in Asia Pacific, up 24%, excluding the impact of T&E (up 22% on a reported basis and up 6% in constant currency) …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Great Bear to Host a Webinar on Monday, June 7 to Provide a Company Update on the Dixie Project Drill Program


Great Bear to Host a Webinar on Monday, June 7 at 11:00am PDT/ 2:00pm EDT to Provide a Company Update on the Dixie Project Drill Program

May 10,
2021 – Vancouver, British Columbia, Canada –
 Great Bear Resources (the “Company” or “Great Bear”, TSX-V: GBR) would like to invite interested shareholders to join Mr. Chris Taylor, P.Geo, President and CEO and Mr. R. Bob Singh, P.Geo, Vice President, Exploration for a webinar detailing recent progress in the Company’s ongoing fully-funded drill program at its 100% owned Dixie property in the Red Lake district of Ontario. 

The Great Bear webinar will take place on Monday, June 7th at 11:00 am PDT / 2:00 pm EDT.  Management will be available to answer questions following the presentation.  Online registration and participation details may be found at the following link:

https://us02web.zoom.us/webinar/register/WN_MJNWX5GERvKjZ63Jh89n_Q

For those unable to participate, a recording of the webinar will be posted to the Company’s web site following the live broadcast.

 

Annual Incentive Grant

The Company also reports that it has completed its annual incentive compensation grants.  A total of 61,236 Deferred Share Units (“DSUs”) have been granted to non-executive directors and 265,356 Restricted Share Units (“RSUs”)  have been granted to employees.  The DSUs and RSUs were granted in accordance with the Company’s DSU/RSU Plan adopted in December 2020.  The DSUs vest immediately and the RSUs vest on May 7th, 2024.

In addition, the Company has granted incentive stock options to recently hired employees to purchase up to an aggregate of 205,000 common shares.  The incentive stock options have an exercise price of $14.97, vest over two years, and expire after five years.

 

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 330 km
2 of highly prospective tenure across 5 projects: the flagship Dixie Project (100% owned), the Pakwash Property (earning a 100% interest), the Dedee Property (earning a 100% interest), the Sobel Property (earning a 100% interest), and the Red Lake North Property (earning a 100% interest) all of which are accessible year-round through existing roads.

 

ON BEHALF OF THE BOARD

“Chris
Taylor”                                 

Chris Taylor, President and CEO

 

Investor Inquiries:

Mr. Knox Henderson

Tel: 604-646-8354

Direct: 604-551-2360

info@greatbearresources.ca

www.greatbearresources.ca

Release – Genprex presents positive preclinical data for lung cancer drug REQORSA at AACR annual meeting


Genprex presents positive preclinical data for lung cancer drug REQORSA at AACR annual meeting

Genprex CEO, Rodney Varner, tells Proactive its collaborators have presented positive preclinical data for the combination of REQORSA in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer (NSCLC), as well as for REQORSA in combination with targeted therapies.

Varner says the data were presented in two presentations at the 2021 American Association of Cancer Research (AACR) annual meeting. The positive data is helpful for Genprex’s plan to launch a pair of upcoming clinical trials.

NFTs are Becoming More Popular with Sports Fans


image credit: Gordon Lo (flickr.com)


NFTs Hit the Big League, but not Everyone Will Win from this New Sports Craze

 

Some buy sporting memorabilia for love – others for money.

The world record for most money paid for a sports-related item goes to the original Olympic manifesto written in 1892 by International Olympic Committee founder Pierre de Coubertin. It changed hands in 2019 for US$8.8 million. In second place is the New York Yankees jersey worn by legendary American baseball player Babe Ruth, sold in 2012 for US$4.4 million.

As in all markets for collectibles, scarcity equals value.

This is why sports organizations, memorabilia sellers, and collectors are getting excited about non-fungible tokens – or NFTs – a blockchain-enabled technology that proves unique ownership of digital content.

 

New Market

NFTs open up a huge new market to sell limited-edition images, videos and artwork. They also enable the original licensees – be it sports organizations or individual athletes – to share in resale profits.

NFTs are already sweeping the art market. In March, auction house Christie’s sold an NFT of a work by American digital artist Mike Winkelmann, known as Beeple, for US$69 million. Auction house Sotheby’s last month sold a single pixel for $US1.36 million.

Could we see similar NFT values in the sports collectibles market? Quite possibly.

Though tangible items such as uniforms, balls and bats will likely continue to be prized collectibles, collectors are already paying big bucks for digital versions of old favorites such as trading cards.

Leading the game is the US National Basketball Association, which began selling limited-edition “Top Shots” – digitally packaged and NFT-authenticated video highlight clips – in October 2020. Like traditional trading cards, these are sold in “packs”. Some videos are common, others rare. One such rare “moment” – in reality about half a moment – of basketball superstar LeBron James dunking reportedly changed hands in April for US$387,000.

Who knows what someone might pay for that moment in decades to come?

It might be millions more. Or much much less. Because this market, for all its early promises of rich rewards, is not without its downsides, with potential for significant environmental and social costs.

 

What are Non-Fungible Tokens (NFTs)?

Something is fungible when it has a standardized and interchangeable value. It is replaceable by something else just like it. Cash is the obvious example. Non-fungible essentially means something unique, non-replaceable.

So NFTs are essentially digital certificates, secured with blockchain technology, that authenticates an item’s provenance – that it is a limited edition or one of a kind – and enables it to be bought and sold as such.

An NFT provides scarcity of digital content that can be relatively easily copied – a photo of Indian cricket great Sachin Tendulkar making a world-record score, for example, or a video of tennis No. 1 Ash Barty winning at Wimbledon.

 

 

There are Big Opportunities

The potential riches are evident from the NBA’s Top Shot sales, which accounted for US$500 million in transactions in the first three months of the year. This was a third of the total US$1.5 billion in NFT transactions, according to DappRadar, which tracks blockchain markets.

Image: nbatopshot.com

Last month San Francisco-based NBA team the Golden State Warriors was the first US professional sports team to issue its own NFT collection, which includes limited-edition digital versions of championship rings and stub tickets.

Individual athletes are also selling their own branded items in NFT form. NFL quarterback Patrick Mahomes, for example, is selling signed digital artwork. Champion skateboarder Mariah Duran and para-olympian Scout Bassett are among a group of elite women athletes who will release NFTs this month. Expect to see many more selling NFTs in the wake of the Toyko Olympics.

 

There are Also Risks

But there are some big downsides.

The first is environmental – because of the energy used in blockchain verification processes.

Of course, making and transporting physical goods has a range of environmental impacts, but by one calculation the carbon footprint of selling an NFT artwork is almost 100 times that of selling and transporting a print version. In February, French digital artist Joanie Lemercier cancelled the sale of six works, and urged others to do the same after calculating those sales would use the same amount of electricity in ten seconds as his studio used in two years.

Eliminating this downside of NFTs will depend on more efficient technology and more renewable energy.

The second is social – of people only seeing NFTs as a way to make money.

As in any market where prices are rising rapidly, there is the danger of a speculative bubble. Here, the risk is that buyers spend big on virtual items that may end up being virtually worthless when the bubble bursts.

Last year also saw large and continuing market growth in traditional sport collectibles such as trading cards, along with retail investment in cryptocurrencies and stock markets more generally. So, while the value attached to NFTs may prove to be enduring, it is possible some part of the early interest in sport NFTs is driven by “irrational exuberance” and patterns of people spending more time and money online due to the COVID pandemic.

There are likely to be many more sports organizations and athletes peddling their digital wares in the near future. It is, however, difficult to predict whether sales will continue this trajectory, how and when this trend might “normalize,” or if NFTs indeed represent a speculative bubble.

Particularly for fans playing in this market, care should be taken to not let emotions trump prudence and good judgment.

 

This article was republished with permission
from 
The
Conversation
, a
news site dedicated to sharing ideas from academic experts.  Written by
Adam Karg,
Associate Professor, Business School, Swinburne University of Technology and
Kathleen Wilson

Lecturer, Business School, Swinburne University of Technology it
was originally published on May 5, 2021

 

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Release – ProMIS Neurosciences appoints renowned neuroscientist, Dr. Rudolph Tanzi, as Chair of Scientific Advisory Board


ProMIS Neurosciences appoints renowned neuroscientist, Dr. Rudolph Tanzi, as Chair of Scientific Advisory Board

TORONTO, Ontario and CAMBRIDGE, Massachusetts – May 12, 2021 – ProMIS Neurosciences, Inc. (TSX: PMN); (OTCQB: ARFXF), a biotechnology company focused on the discovery and development of antibody therapeutics selectively targeting toxic oligomers implicated in the development of neurodegenerative diseases, today announced the appointment of Rudolph Tanzi, Ph.D, as Chair of the  Company’s scientific advisory board (SAB). Dr. Tanzi is the Joseph P. and Rose F. Kennedy Professor of Neurology at Harvard University and Vice-Chair of Neurology, Director of the Genetics and Aging Research Unit, and Co-Director of the Henry and Allison McCance Center for Brain Health at Massachusetts General Hospital.

“Dr. Rudy Tanzi has been a valuable member of our scientific advisory board for years, and we are thrilled that he has agreed to accept the Chairman’s role as we work to expand our portfolio of potential best in class products,” stated Eugene Williams, ProMIS Executive Chairman. “As an expert neuroscientist in the field of neurodegenerative disorders, with over three decades of outstanding research accomplishments in Alzheimer’s, ALS, and other diseases, Dr. Tanzi can help us fully develop the potential of our portfolio, capitalizing on the recent strong financial support from a Boston-based group of investors.” 

Commenting on the appointment, Dr. Tanzi stated: “I am delighted to take on this new role with  the ProMIS SAB.  I have been impressed with the progress of the scientific portfolio, based on ProMIS’ unique technology platform, that continues to create potential antibody therapies highly selective for the toxic forms of proteins.  I look forward to advising ProMIS Neurosciences as the Company progresses its innovative programs into the clinic, including PMN310 in Alzheimer’s disease.”

Dr. Rudolph Tanzi is a neuroscientist and geneticist with scientific expertise in Alzheimer’s disease (AD) and brain health. He is one of the world’s leading scientists in research aimed at preventing and treating Alzheimer’s disease. His research studies and books have also focused on preserving and promoting brain health. In his research achievements, Dr. Tanzi served on the team that was the first to find a disease gene (Huntington’s disease) using human genetic markers, helping to launch the field of neurogenetics. Dr. Tanzi went on to identify all three early-onset familial AD genes: the amyloid precursor protein and presenilins 1 and 2. As leader of the Cure Alzheimer’s Fund Alzheimer’s Genome Project, he has identified several other AD-related genes, including the first shown to causing neuroinflammation in AD (CD33). Dr. Tanzi also uncovered the Wilson’s disease gene and several other neurological disease-related genes.

Dr. Tanzi and his team have used AD genes and human stem cells to create “Alzheimer’s-in-a-Dish” – a three-dimensional human stem cell-derived neural culture system that was the first to recapitulate both pathological hallmarks of AD: plaques and tangles. This model has made drug screening for AD considerably faster and more efficient. Using this system, Dr. Tanzi has developed several promising therapeutic candidates for AD including gamma secretase modulators aimed at beta-amyloid pathology. Most recently, Dr. Tanzi and his team have discovered that beta-amyloid may play a role in the innate immune system of the brain operating as an anti-microbial peptide, suggesting a possible role for infection in the etiology and pathogenesis of AD. 

Dr. Tanzi has published over 600 research papers and has received the highest awards in his field, including the Metropolitan Life Foundation Award, Potamkin Prize, Ronald Reagan Award, Silver Innovator Award, and the Smithsonian American Ingenuity Award, the top national award for invention and innovation. He serves on dozens of editorial boards and scientific advisory boards and was named to TIME magazine’s list of TIME100 Most Influential People in the World. He also co-authored the books Decoding
Darkness
, and the three international bestsellers, Super BrainSuper
Genes
, and The Healing Self. Dr. Tanzi is also a musician who professionally records and performs (keyboards), most recently with Joe Perry and Aerosmith.

About the ProMIS Scientific Advisory Board

The ProMIS SAB brings together a multidisciplinary group of specialists in Alzheimer’s disease and neurodegenerative disease along with experts in neurotoxic, prion-like misfolded proteins. In addition to Dr. Tanzi, the current members of the Company’s SAB include:

 

  • Neil R. Cashman, MD is Chief Science Officer at ProMIS Neurosciences and Professor of Medicine at the University of British Columbia, where he holds the Canada Research Chair in Neurodegeneration and Protein Misfolding Diseases and serves as the Director of the UBC ALS Centre. Dr. Cashman is recognized as a pioneer in the field of prion-like misfolded proteins and their role in development of neurodegenerative diseases, in particular ALS and AD. Neil Cashman is co-chair of the SAB;
  • Sharon Cohen, MD is a trained behavioral neurologist and former speech language pathologist. Her memory clinic and dementia clinical trials program at  Toronto Memory Programme are the largest and most active in Canada and have contributed substantially to patient care and to global clinical trial cohorts. Through her commitment to knowledge translation and her passion for clinically meaningful outcomes, Dr. Cohen provides a valuable perspective which places the patient at the center of Alzheimer’s drug development programs;
  • Hans Frykman MD, PhD, is the CEO and medical director of BC Neuroimmunology Lab and Neurocode Labs. BC Neuroimmunology lab has a 35-year history of delivering highly specific clinical neuroimmunology testing to the North American marketplace. The lab is a technology leader and is academically collaborating with several leading centers in Europe and USA. Neurocode labs is Canada’s first and only clinical whole exome sequencing facility. It has a particular focus in seizure disorder, cardiac sequencing and sequencing of the neonate. Dr. Frykman is a clinical assistant professor of medicine at University of British Columbia. Dr. Frykman received his postgraduate medical training at Karolinska University Hospital, Mayo Clinic, University of Minnesota, Memorial Sloan Kettering Cancer Center, and University of British Columbia. Dr Frykman received his medical degree from Karolinska Institute in Stockholm, PhD in Bio-organic chemistry from Royal Institute of Technology in Stockholm and MSc in Chemical Engineering from Chalmers University in Gothenburg;
  • Michelle L. Hastings, PhD is Professor of Cell Biology and Anatomy and Director of the Center for Genetic Diseases at the Chicago Medical School, Rosalind Franklin University of Medicine and Science.  Dr. Hastings’ expertise is in RNA biology and antisense technology. Her lab is leading advances in the field of RNA splicing and how the process can be harnessed to treat disease. Dr. Hastings has utilized small molecules and antisense oligonucleotides to modulate aberrant splicing associated with spinal muscular atrophy (SMA), Usher syndrome, Alzheimer’s disease, Parkinson’s disease, Batten disease and cystic fibrosis.  She received her Ph.D. at Marquette University and was a post-doctoral fellow at Cold Spring Harbor Laboratory;  
  • William C. Mobley, MD, PhD is Associate Dean for Neurosciences Initiatives, Distinguished Professor of Neurosciences, Florence Riford Chair for Alzheimer Disease at the University of California, San Diego (UCSD), and the university’s Executive Director of the Down Syndrome Center for
    Research and Treatment
    . Dr. Mobley’s research focuses on the neurobiology of neuronal dysfunction in developmental and age-related disorders of the nervous system; 
  • C. Warren Olanow, MD has authored more than 300 publications primarily related to Parkinson’s disease and neurodegeneration. He is the previous Henry P. and Georgette Goldschmidt Professor and Chairman of the Department of Neurology at the Mount Sinai School of Medicine in New York City, and is presently Professor Emeritus in the Department of Neurology and in the Department of Neuroscience. He also serves as Chief Executive Officer of CLINTREX, a pharmaceutical advisory firm that has designed numerous clinical trials in neurodegenerative disease for the pharmaceutical industry;
  • Andre Strydom, MD, PhD, is a professor in the Institute of Psychiatry, Psychology and Neuroscience at King’s College London, and Honorary Consultant psychiatrist, South London and the Maudsley NHS Trust. His current projects and collaborations include the LonDownS consortium, funded by the Wellcome Trust/ MRC, to study the neurobiology of Alzheimer’s Disease in Down syndrome to understand the underlying factors that may influence variation in age of onset of symptoms. His research in Down syndrome includes investigation of biomarkers of cognitive decline including those related to excess amyloid production, oxidative stress, and neurodegeneration. His group also conducts neuroimaging studies using high-density EEG, MRI and fNIRS. He has been an investigator on clinical trials of new drug treatment options in Down syndrome, fragile X syndrome and autism;
  • Dr. David Wishart is a Distinguished University Professor in the Departments of Biological Sciences and Computing Science at the University of Alberta. He also holds adjunct appointments with the Faculty of Pharmaceutical Sciences and with the Department of Pathology and Laboratory Medicine.  He has been with the University of Alberta since 1995. Dr. Wishart has been studying protein folding and misfolding for more than 30 years using a combination of computational and experimental approaches. These experimental approaches include NMR spectroscopy, circular dichroism, fluorescence spectroscopy, electron microscopy, protein engineering and molecular biology. The computational methods include molecular dynamics, agent-based modeling, bioinformatics and machine learning. Over the course of his career, Dr. Wishart has published more than 430 scientific papers covering many areas of protein science including structural biology, protein metabolism and computational biochemistry. These papers have been cited more than 78,000 times.  Dr. Wishart has been awarded research grants totaling more than $130 million from a number of funding agencies including CIHR, NSERC, NIH, Genome Canada, CFI, NRC, APRI, PrioNET, PENCE and Compute Canada. Dr. Wishart currently co-directs The Metabolomics Innovation Centre (TMIC), Canada’s national metabolomics laboratory.  Dr. Wishart was awarded a Lifetime Honorary Fellowship by the Metabolomics Society in 2014 and elected as a Fellow of the Royal Society of Canada in 2017. Dr. Wishart has been identified as one of the world’s most highly cited scientists for each of the past 7 years.

About ProMIS Neurosciences, Inc.

ProMIS Neurosciences, Inc. is a development stage biotechnology company focused on discovering and developing antibody therapeutics selectively targeting toxic oligomers implicated in the development and progression of neurodegenerative diseases, in particular Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and Parkinson’s disease (PD). The Company’s proprietary target discovery engine is based on the use of two complementary techniques. The Company applies its thermodynamic, computational discovery platform -ProMIS™ and Collective Coordinates – to predict novel targets known as Disease Specific Epitopes on the molecular surface of misfolded proteins. Using this unique approach, the Company is developing novel antibody therapeutics for AD, ALS and PD.  ProMIS is headquartered in Toronto, Ontario, with offices in Cambridge, Massachusetts. ProMIS is listed on the Toronto Stock Exchange under the symbol PMN, and on the OTCQB Venture Market under the symbol ARFXF.

For further information about ProMIS Neurosciences, please consult the Company’s website at:  www.promisneurosciences.com

 

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Release – Comtech Telecommunications Corp. Awarded $9.8 Million Contract with Tier-One Mobile Network Operator


Comtech Telecommunications Corp. Awarded $9.8 Million Contract with Tier-One Mobile Network Operator

MELVILLE, N.Y.–(BUSINESS WIRE)–May 12, 2021– May 12, 2021– Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communication technologies, announced today, that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, has finalized a $9.8 million contract with a major tier-one mobile network operator. This contract is for a broad suite of new capabilities and services centered around virtualized applications and 5G products.

“We continue to mutually benefit from the relationship with this customer, and we are already planning additional enhancements for their applications and services,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “Our proven track record of long-term service to this customer creates stability and value for their end subscribers.”

The Location Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.comhttps://www.businesswire.com/news/home/20210512005290/en/

Media Contact:
Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000

info@comtechtel.com

Source: Comtech Telecommunications Corp.

Release – Capstone Green Energy Receives Order for a Microturbine Intended to Run on Hydrogen for a Remote Offshore Demonstration Project


Capstone Green Energy (NASDAQ:CGRN) Receives Order for a Microturbine Intended to Run on Hydrogen for a Remote Offshore Demonstration Project

Renewable Energy System Will Support Sustainable Seafood
Production in Tasmania, Australia

VAN NUYS, CA / ACCESSWIRE
/ May 12, 2021 /
 Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) formerly Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it has received an order for a microturbine intended to run on hydrogen. Secured by Capstone partner Optimal Group, the order for Blue Economy CRC is an integral part of an offshore DC-power based microgrid that will support offshore research and aquaculture for food production.

Blue Economy CRC is a cooperative research center in partnership with national and international universities and industry that was established to bring together sustainable seafood production and renewable energy in order to further develop Australia’s aquaculture industry. Supporting the organization’s mission by providing emissions-free electricity, the microgrid will manage the energy generated from readily available offshore, renewable resources, including solar, wind, and waves, and use it to produce hydrogen via a 700 kW electrolyzer. The hydrogen produced by the ITM Power electrolyzer will be connected to the microturbine, which will provide power on demand. The result is expected to be a safe and clean microgrid that serves as an opportunity to showcase the environmental benefits and flexibility of green hydrogen as an energy storage medium and fuel source for resilient power generation. Beyond offering the potential for 100% hydrogen-fuel-based power generation, the microturbine was an ideal fit due to its ability to operate at partial loads while matching its output to the demands of the rest of the microgrid system.

The initial stage of the project aims to provide proof of concept for a DC microgrid combined with multiple renewable sources. Subsequently, a full marinization and commercialization of the system will be completed to support remote, offshore operation.

Capstone Green Energy continues to expand and develop its new Hydrogen Solutions business line. The Company recently released its first commercially available hydrogen-based Combined Heat and Power (CHP) product, which can safely run on a 10% hydrogen – 90% natural gas mix, and the Company is targeting a commercial release of 30% hydrogen – 70% natural gas mix product by March 31, 2022. In addition, through its Research and Development partnership with Argonne National Laboratory, the Company is currently testing a 70% hydrogen – 30% natural gas configuration. Argonne National Laboratory is a national science and technology research laboratory operated by the University of Chicago Argonne LLC for the United States Department of Energy. The nation’s first national laboratory, Argonne conducts leading-edge basic and applied scientific research in virtually every scientific discipline. This particular demonstration project is intended to run on 100% hydrogen.

“This is truly an exciting demonstration project to be part of and an important technical building block as we continue to move towards a commercial 100% hydrogen CHP and microgrid product,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Capstone’s ability to provide a microturbine that is intended to be 100% hydrogen-fueled marks an important evolution in our solution offerings as we continue to offer ever-more sustainable configurations for our customers,” added Mr. Jamison.

“This is a project of many firsts. It will be the largest hydrogen electrolyzer in Tasmania and amongst the largest in Australia,” said Craig Dugan, Chief Executive Officer of Optimal Group. “The first hydrogen Capstone microturbine to be deployed in Tasmania and only the second in Australia, indeed worldwide. On the current research program schedule, it should be the first hydrogen microgrid to be installed offshore.” Mr. Dugan added, “Optimal is delighted to be a part of the ground-breaking Blue Economy CRC research program and to be selected to provide the microturbine, electrolyzer, and DC microgrid.”

About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on TwitterLinkedInInstagramFacebook, and 
YouTube.

Cautionary Note Regarding
Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628

ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Rare Earth Elements Demand is Still Growing


image credit: William Stewart (flickr.com)


Prices are Rising on Rare Earth Elements – Companies Scrambling to Take Advantage

 

What are Rare Earth Elements (REEs)?

Rare Earth Elements are 17 silvery-white heavy metals with special magnetic capabilities. REEs have diverse applications and are commonly used in lasers, glass, superconductors, hard drives, wind turbine generators, and magnetic materials. Despite the name, REEs are abundant in the world, often found underground alongside uranium in sand structures called monazite. REEs concentrate must first be separated from the sand. Neodymium and praseodymium (NdPr) represent about 80% of the value of REE concentrate. Demand for these elements is growing because of their use in electric vehicles, wind turbines, and appliances. Adams Intelligence expects the demand for NdPr to double in the next five years. Removing REEs from monazite and then separating REEs into individual components is a complicated process.

 

 

Who is Processing REE Concentrate?

Monazite represents 60% of the world’s REE supply and is readily available. A handful of companies are currently involved in the removal of REE concentrate from monazite. The Mountain Pass Mine, an open-pit mine located southwest of Las Vegas and owned by MP Materials, supplied 16% of the world’s RRE concentration production. It ships 50,000 tonnes of concentrate per year to China. Energy Fuel’s White Mesa Mill in Utah began processing REE concentrate last November and is in the process of ramping up operations. The company has signed an intake agreement to acquire 2,500 tonnes of monazite sands from Chemours Company and another intake agreement with Hyperion to purchase an undetermined amount of sand. The company has stated a goal of processing 15,000 tonnes annually.  Energy Fuels has also signed an outtake agreement to provide REE concentrate to NEO Performance Materials and expects to supply 840 tonnes of REE oxides per year (80% of Energy Fuel’s contract with Chemours) which implies that REE concentrate represents approximately 40% of the monazite sand.

 

 

Who is separating REEs?

China is responsible for 80% of the REE produced in the world. Most of the world’s separation is done by a single plant in China owned by Shenghe Resources. The United States dominated the REE market as recently as the eighties but has fallen back in recent years. China has advantages over other REE producers because of lesser environmental restrictions. Lynas Corporation, an Australian mining company, owns a separation facility in Malaysia and is planning to build plants in Australia near its Mt. Weld mine and the United States. NEO Performance Materials owns an REE separations facility in Estonia (Silmet), which also supplies uranium and enriched uranium to Russia. Several other participants have recently announced plans to begin separating REE. MP Materials plans to produce 5,000 tonnes of the two most common rare earth metals at its mill near Las Vegas. Medallion Resources has announced plans to build a plant that would produce approximately 3,500 tonnes of rare-earth products. Australian Strategic Metals has announced plans for a plant in Dubbo, Australia.  Energy Fuels has stated its intent to separate REE and recently engaged Carester SAS, a leading expert in REE separation, to develop extraction operations at its White Mesa Mill in Utah. In March 2021, the Department of Energy announced a $30 million initiative to research and secure the U.S. supply chain for REE and recently awarded a $1.75 million grant to Energy Fuels for a rare earth feasibility study.

 

 

 

 

Financial Impacts of Mining, Milling, and Separating REEs?

Putting financial numbers into operations is difficult. Many companies report REE operations as a subsidiary and do not provide full financial results. Other companies are private or government entities. Finally, both REE pricing and input costs can be very volatile and subject to trader influence. Still, some very vague generalizations can be made. Lynas financial reports show that REE prices have risen in recent quarters to a level near US$50/kg, or US$50,000/tonnes. With demand growing for REE with the growth of electric vehicles, wind power, and other products that use REE, it is reasonable to believe prices could continue to rise. Estimating the input and operating costs to separate REEs is more difficult because the concentration of REE in monazite is not consistent. Lynas reports Cost of Sales that are close to 75% of revenues implying concentrate costs of US$37,500/tonnes at current REE concentrate prices near $50,000.  If one extends the reported financial results of Lynas to REE separating, in general, that will imply that a separator could generate $12,750 per tonnes of REE separated.

 

Suggested Content:

Supply and Demand Fundamentals for Platinum and Palladium

How do Gold Royalty Companies Work?



Natural Resources Panel – NobleCon Video (January 2021)

US Rare Earth Mining Gets Boost From Government (August 2020)

 

Sources

https://www.mining.com/a-new-magnetic-way-to-separate-rare-earths/, Valentina Ruiz Leotaud, Mining.com, November 3, 2019

https://en.wikipedia.org/wiki/Mountain_Pass_mine

https://en.wikipedia.org/wiki/Rare-earth_element

https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html, Samantha Subin, CNBC, April 17, 2021

https://www.reuters.com/article/us-usa-rareearths-insight/american-quandary-how-to-secure-weapons-grade-minerals-without-china-idUSKCN2241KF, Ernest Scheyder, Reuters, April 22, 2020

https://en.wikipedia.org/wiki/Silmet

https://www.caesarsreport.com/reports/report-medallion-resources-ree-prices-showing-substantial-price-increases/,

https://medallionresources.com/wp-content/uploads/2019/03/MDL-FactSheet-March-2019.pdf

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Vectrus (VEC) – Strong First Quarter Results

Wednesday, May 12, 2021

Vectrus (VEC)
Strong First Quarter Results

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    1Q21 Results. Vectrus’ 1Q21 revenue was $434 million, up 23% y-o-y, with organic growth of 4%. Adjusted EBITDA was $20.7 million, up from $14.7 million last year. Adjusted EBITDA margin increased 60 basis points to 4.8%. EPS was $1.02 compared to $0.74, while adjusted EPS was $1.20 in 1Q21 versus $0.82 last year. We had forecast revenue of $400 million, adjusted EBITDA of $19.3 million, and EPS of $0.89.

    Winning Never Gets Old.  Vectrus continued to be award significant contracts during the first quarter. Significantly, a number of the contracts play into the Company’s converged infrastructure market leadership position. The contract wins continue to diversify Vectrus’ client base and geographical locations …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.