Eastman Kodak Company (NYSE:EK) provides imaging technology products and services to the photographic and graphic communications markets worldwide. Eastman Kodak Company operates in three segments: Consumer Digital Imaging Group (CDG), Graphic Communications Group (GCG), and Film, Photofinishing, and Entertainment Group (FPEG).
Eastman Kodak Company announced yesterday that, consistent with its previously announced intention to sell non-core assets to sharpen the Company’s focus on its digital growth initiatives and accelerate Kodak’s transformation to a digital company, it has agreed to sell its Eastman Gelatine Corporation business to Rousselot, part of the Vion Food Group. Financial details were not disclosed. Subject to customary closing conditions, the transaction is expected to close within 30 days.
About 95 Eastman Gel employees associated with the business will continue with the business following the closing. Included in the sale is 575,000 square foot of production space in Peabody, Mass. Eastman Gel has been successfully managing the transition of the photographic market by increasingly expanding its sales into non-photographic categories, such as the pharmaceutical, edible protein and food/confectionary categories.
For more informtion about Eastman Kodak, please visit www.kodak.com
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Integra LifeSciences Holdings Corporation (Nasdaq:IART) announced that its Board of Directors has made the changes, all effective January 3, 2012. The Board appointed Peter Arduini as President and Chief Executive Officer. In addition, the Board elected Mr. Arduini to a newly-created position on the Board. Stuart Essig has been appointed as Executive Chairman of the Board. Richard Caruso, founder of Integra LifeSciences and its Chairman of the Board since its inception, will remain as a director of the company. Jack Henneman, the Company’s Chief Financial Officer, will report to Mr. Arduini.
Integra LifeSciences, a world leader in medical devices, is dedicated to limiting uncertainty for surgeons, so they can concentrate on providing the best patient care.
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Neogen Corp. (NASDAQ:NEOG) announced that its revenues for the second quarter of FY 2012, which ended Nov. 30 , increased 2.2% from the previous year’s second quarter to $44,891,000 . Net income for the quarter was $5,237,000 , or $0.22 per share, compared to the prior year’s second quarter net earnings of $6,110,000 , or $0.26 per share. Year-to-date revenues for the first six months of fiscal year 2012 increased to $90,588,000 from FY 2011’s $86,853,000 , an increase of 4.3%. Year-to-date net income for the same six-month period was $11,241,000 , or $0.47 per share, compared to $11,935,000 , or $0.51 per share, in FY 2011.
Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide.
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Cleantech Transit Inc. (CLNO)
Cleantech Transit is focusing its efforts on building a portfolio of environmentally friendly green assets. Cleantech Transit goal is to create a self sustaining environment where they can produce and sell clean electricity for their domestic use. In addition Cleantech will expand its focus to other areas of sustainable energies including renewable resources such as Geothermal, Solar and Wind. Their goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
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).
The major advantages of biomass energy are that it produces a smaller amount of harmful greenhouse gases than fossil fuel alternatives produce. Biomass energy produces less carbon than fossil fuel energy. Levels of the greenhouse gases methane and carbon dioxide could also be reduced through the use of biomass energy sources as these gases are produced by organic matter if left to decay without being used for a purpose such as this.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
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Illumina, Inc. (NASDAQ:ILMN) announced that the British Columbia Cancer Agency’s (BCCA) Genome Science Center has joined the Illumina Genome Network (IGN). IGN is designed to link researchers needing large-scale whole human genome sequencing with leading institutions that provide this application as a service using industry-leading Illumina sequencing platforms.
Illumina, Inc. develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function.
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