Posts Tagged ‘New product’

  • ASX Company News: Austral Gold Pours First Gold Bar In Chile

    Wednesday, October 27th, 2010

    Further to Austral Gold’s  (AGD) announcement on 12 August 2010 regarding the retreatment of heap leach material at its 100% owned Guanaco Project in northern Chile, the Company is pleased to announce that the first gold dore bar was poured on 19 October.

    This important milestone was achieved according to the schedule and plans announced to shareholders and the ASX at the November 2009 Annual General Meeting. As announced on 6 October, open cut mining of primary ore has recommenced with the objective of increasing gold production above the rate of 2,000 oz per month from heap leach retreatment.

    www.australgold.com.au

    http://www.traderdealer.com.au/Fundamentals/agd

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    ASX Company News: Holista CollTech Develops Food Grade Sheep Collagen

    Tuesday, October 26th, 2010

    Holista CollTech Limited (HCT), an Australian Securities Exchange-listed company with operations in Malaysia and Australia, announced that it has completed the required research and development (“R&D”) to develop the world’s first food-grade sheep (ovine) collagen using all halal processes and protocols.

    Building on its earlier world-first patented processes of extracting ovine collagen for medical and cosmetic use, Holista recently completed R&D at its Malaysian facility to develop foodgrade ovine collagen which is compliant with Islamic laws, opening significant new market opportunities.

    Collagen has been consumed for centuries as part of Traditional Chinese Medicine – and is widely used in China, Taiwan, Korea and Japan. The most common protein found in humans, it also has applications in modern medicine for anti-ageing, burns, bone health, and in a wide range of cosmetics. Ovine collagen has been proven to heal wounds and burns.

    Traditionally, collagen has been extracted mostly from cows (bovine) or pigs (porcine). Bovine collagen presents problems for Hindus and Buddhists who cannot use beef products, and for potential users concerned by recent incidents of “mad cow” disease, while Muslims are prohibited from porcine products. Holista’s disease-free collagen will address a significant market gap as it is culturally neutral to most potential users.

    Holista completed six months of R&D with a team from the University of Science, Malaysia, to develop the processes and protocols to make its ovine collagen halal. It is applying to Malaysia’s Department of Islamic Development (JAKIM) for certification, which will qualify it for use among Muslims and for export to the Middle East and countries with significant Muslim populations.

    Shortly after the completion of the research project, Holista successfully developed a foodgrade collagen prototype at its pilot plant on the outskirts of Kuala Lumpur.  Holista’s CEO Dato’ Dr. Rajen Marnickavasagar (“Dato’ Dr. Rajen”) said, “Following these successes Holista is proceeding with plans to build a facility to extract halal ovine collagen commercially. We had earlier acquired a parcel of land in a biotechnology hub near Kuala Lumpur and will commence construction in November 2010 of a purpose-built facility.”

    www.holistaco.com

    http://www.traderdealer.com.au/Fundamentals/hct

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    ASX Company News: Thinksmart Launches Infinity Finance With Dixons In UK

    Sunday, October 24th, 2010

    ThinkSmart Limited (TSM), a leading international computer and office equipment financing company, launched its new “Infinity” consumer finance proposition in the UK with Dixons, the UK’s largest specialist electrical retailer. Infinity combines the convenience of a consumer rental payment plan, with a fully supported suite of services for the computer shopper and an easy upgrade path to new technology. The product is being supported exclusively through the Dixons Retail group. Dixons operates 683 stores in the UK, which last year generated nearly £1.4bn in sales of computing equipment.

    “Infinity provides consumers the ability to obtain a new computer every 2 years with a compelling value proposition that is unique in the UK,” said Ned Montarello, Executive Chairman and CEO of ThinkSmart Limited. “With Infinity, the customers’ computer is set-up before they leave the store.  They have automatic online virus protection, 24/7 technical support for the duration of their contract and if they ever have a problem with their computer it will be fixed or replaced. “To make it easy for them to stay up-to-date, we will also reimburse them 25% of the original value of their equipment at the end of their term when they update their technology on a new Infinity contract.”

    ThinkSmart’s new Infinity payment proposition with Dixon’s offers the customer more than pure finance. With the customer proposition of being able to access a new computer every 2 years, Infinity offers the UK computer shopper the ability to have a new laptop or desktop PC selected from the UK’s largest range; No upfront cash out-lay, just 24 fixed monthly payments; The computer is fully set-up and operating before they leave the store and includes; 2 Years on-line protection against viruses and threats from Norton 360 Gold; 2 Years product protection through Dixons’ Whatever Happens including cover for damage caused by mishaps; 2 Annual PC Tune Ups to keep the PC serviced and running smoothly; 2 Years technical help and support delivered 24 / 7 through Dixons’ Tech Friend service; and 25% of the PC’s original purchase price as cash back at the end of 2 years if the customer chooses to upgrade to the latest equipment. If the customer upgrades, with Infinity they will also have all their data transferred onto their new computer, as well as the old computer being cleansed of all data before disposal.

    ThinkSmart is a leading international financial services company in the delivery of point of sale finance products through the retail environment. The business currently operates with market leading retailers and financial institutions in Australia and New Zealand, and the UK, Spain, Italy, and France where it has built a reputation for processing high volumes of low value business finance transactions both quickly and efficiently. ThinkSmart’s products fill the gap for consumers and small business customers  between a credit card and bank loan, enabling them to get on-the-spot approval for technology they need via a tax and cash flow friendly rental payment plan.

    www.thinksmartworld.com

    http://www.traderdealer.com.au/Fundamentals/tsm

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    ASX Company News: Cardia Bioplastics Receives Food Contact Approval

    Tuesday, October 19th, 2010

    Cardia Bioplastics (CNN) is pleased to announce that it has received European and USA food contact certification for injection moulded products made from its Cardia Biohybrid™ technology. This latest achievement is on the back of the food contact approval received for multilayer flexible film products in 2009.

    The breakthrough will provide Cardia Bioplastics with an expanded market opportunity into food packaging applications. Every day food packaging items made from its Cardia Biohybrid™ technology like containers, closures, tubes, tubs and bottles can now be offered by Cardia’s customers. This new range of food contact rigid packaging products are certified compliant to Europe’s Regulation (EC) 1935/2004 and USA’s FDA CFR 21 on materials and articles intended to come into contact with food. Cardia is already in development agreements with several companies in respect to rigid food packaging products that are awaiting commercial outcomes.

    Cardia Bioplastics Managing Director Dr Frank Glatz said, “Achieving European and USA food contact certification for injection moulded products is an important milestone for Cardia Bioplastics.  The combination of now rigid and flexible film packaging with performance, environmental profile, food contact compliance and cost effectiveness makes Cardia Biohybrid™ technology a most interesting packaging offering to the global food industry.”

    “This product development enables customers to move confidently into more sustainable packaging solutions and opens significant new market opportunities for Cardia Bioplastics, which extend from commodity packaging into the food packaging industry. The sustainability benefit of Cardia Biohybrid™ injection moulded products and multilayer films offers food marketers packaging solutions with a competitive edge for their products,” said Frank Glatz.

    www.cardiabioplastics.com

    http://www.traderdealer.com.au/Fundamentals/cnn

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    ASX Company News: MGM Wireless Launches School News Text Network

    Thursday, October 14th, 2010

    AUSTRALIAN-based school communication company MGM Wireless Ltd. (MWR) announced the availability of significant, world first innovation in the delivery of SMS messaging services to Parents and School communities. The new platform, released under MGM’s School News ChannelTM brand, is specifically targeted at Parents and the wider School community, allowing these consumer groups direct on-line access to a feature rich selection of SMS messaging communications services from their school. With School News ChannelTM (SNC), Parents and other school community users, via the SNC website can request, activate and configure their SMS School SMS service anytime on-line – without the need to directly involve their School. The operation of the School News Channel service is funded by users incurring a micro-fee directly on their mobile phone account from theirservice provider, resulting in no communication costs for Schools.

    America’s largest provider of SMS mobile services with over $ 500 million in revenues says “School News Channel is one of the most exciting and breakthrough products I have seen in the mobile messaging space. It’s a very valuable service to Parents. In the US, it’s the norm for consumers to pay to receive SMS messages. There will be little consumer behaviour issues to address, and I expect School News Channel to be a big success. I look forward to assisting and playing a key role to assist MGM launch and commercialise this product in the US market.”

    School News Channel extensively utilises the company’s msgPoolTM micro billing technology – which the company announced in November 2009. The company believes it is in a strong position to be able to protect its innovation and commercial rights with msgPoolTM and School News ChannelTM.  MGM Wireless Ltd is a public company with a market capitalization of A$ 2.9 m listed on the Australian Securities Exchange (MWR). The company trades as Messageyou, LLC in the United States, with its head office in Silicon Valley at Sunnyvale, Cal. The company’s patented SMS School communication solutions empower schools to effectively communicate to parents and caregivers using  SMS text messaging in combination with culturally sensitive communication to improve attendance, student welfare, safety and parent engagement.

    www.mgmwireless.com

    www.schoolnewschannel.com

    http://www.traderdealer.com.au/Fundamentals/mwr

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    ASX Company News: Imugene To Commercialise Animal Vaccines

    Thursday, October 14th, 2010

    Imugene Limited (IMU) announced that it has signed a global agreement with one of the world’s leading animal health companies to commercialise its vaccines for pigs and poultry. The agreement signed with Novartis Animal Health, a business unit within the global Novartis Group, gives the company exclusive global rights to all of Imugene’s technologies and intellectual properties, including its vaccines and productivity enhancers. Novartis will pay the costs of developing products, and Imugene will receive an initial payment as well as milestone payments and royalties on product sales.

    Dr Warwick Lamb, CEO of Imugene said “We are pleased to have executed an agreement with Novartis, a top international animal health company. “This is a very good outcome for Imugene and its shareholders and lays the foundation for a fruitful, long term partnership. We are looking forward to working with Novartis to progress our technology through evaluation and product development to sales.”

    Imugene Limited (IMU) specialises in the development and commercialisation of novel animal health products for pigs and poultry. Imugene is developing a range of biologically based vaccines for pigs and poultry, which are safer and easier to use than chemical based products. Imugene’s business model is to maximise income from the receipt of research fees, license and royalty income from an alliance partner with sufficient expertise and infrastructure to develop, market and exploit the Imugene range of vector vaccines.

    www.imugene.com

    http://www.traderdealer.com.au/Fundamentals/imu

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    ASX Company News: World Reach To Manufacture Satellite Phones For Marine Industry

    Wednesday, October 13th, 2010

    Beam Communications Pty Ltd, a wholly owned subsidiary of World Reach Limited (WRR), announced that it has received approval from Inmarsat plc, the leading provider of global mobile satellite  communications services, to design, manufacture and distribute the world’s first low-cost global FleetPhone terminal.

    Part of Inmarsat’s Global Satellite Phone Services (GSPS) family, and based on the core module of the new IsatPhone Pro handheld satellite phone, FleetPhone is planned for launch in quarter one 2011. The FleetPhone developed by Beam will be a dedicated satellite phone service for the maritime sector; a low-cost, easy-to-use fixed telephony solution that is ideal both for master and crew on smaller fishing vessels, leisure craft and regional merchant fleets.

    Utilising the latest Inmarsat-4 satellites, providing global coverage, the new FleetPhone will be designed to work in just about any conditions – in rain storms, dust storms, searing heat to sub-zero cold, tropical humidity or freezing fog. FleetPhone is the first in a series of IsatPhone Pro Core Module-based user terminals that Beam will be developing for Inmarsat to target specific global market applications and opportunities.

    The FleetPhone will target the maritime sector and offer such features as crew and Captain calling, data, tracking and alert monitoring capabilities and be purpose built for harsh maritime applications. Development has commenced on the FleetPhone and Beam’s major advantage is the ability to utilize much of the development that has already been commercialised from the docking station products.

    Inmarsat’s Senior Director, Maritime, James Collett, said: “Beam has proven through their development of the quality range of IsatDocks launched recently that they have the expertise and capability to bring strategic products for Inmarsat to market very quickly, which is extremely important in keeping up with the ever-changing MSS markets throughout the world. We look forward to the release of this product in the first quarter of 2011.”

    Beam Communications Pty Ltd is a wholly owned subsidiary of World Reach Limited (WRR). Beam Communications designs, manufactures and distributes a wide range of Satellite and GSM voice, data, tracking terminals and accessories for the global telecommunications market. Through a global network of Resellers Beam solutions are deployed into a wide range of vertical markets including Maritime, Transport, Government, Defence, Mining, Construction, Forestry, Emergency Services, Relief Aid, Telemetry and Rural Telephony. Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. The company’s services are delivered through a global network of more than 400 distribution partners and service providers operating in 100 countries.

    World Reach Limited is an Australian publicly listed company, with strategic ownership of companies involved in the design, manufacturing and distribution of equipment, applications and services to the global needs of Information Communication & Technology markets. World Reach Limited is an Australian publicly listed company, owning 100% of Beam Communications Pty Ltd.

    www.worldreach.com.au

    www.beamcommunications.com

    http://www.traderdealer.com.au/Fundamentals/wrr

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    ASX Company News: Phoenix Copper Receives First Payment For Copper Product

    Friday, October 8th, 2010

    Phoenix Copper Limited (PNX) refers to its ASX announcement dated 31 August 2010 which stated that the Company had produced its first copper product – ahead of schedule – from the refurbished and redesigned Mountain of Light copper project near Leigh Creek in South Australia.   The Company is pleased to announce that it has today received its first payment for copper cement produced at the Mountain of Light copper operation. This first payment comes less than three months after completion of the Company’s purchase of all of the shares in the capital of Leigh Creek Copper Mine Pty Ltd (LCCM).

    Phoenix Copper has worked diligently to re-commission the heap leach and copper cement process initially developed by LCCM, but then placed in care and maintenance. This first payment is an important milestone for Phoenix Copper as it begins to consolidate revenues and plans to maximize output from the first of its three copper mining leases.

    Mining has recommenced and fresh ore from the Rossman east pit has been placed onto the heap leach pads. This fresh ore – higher in copper grade than had been previously stacked – will allow the ramp up of output and “steady state” production of copper cement product.

    The recently announced placement to raise $2,500,000 combined with the Company’s existing cash balance and what will now become a regular revenue stream positions the Company well to fund exciting exploration on the Yorke Peninsula, South Australia and optimize production and development at Leigh Creek. Additionally, exploration at Burra is designed to identify sufficient mineralisation to justify another “Production Hub” at Burra to repeat the cash generation model that has been successfully commissioned at Leigh Creek.

    www.phoenixcopper.com.au

    http://www.traderdealer.com.au/Fundamentals/pnx

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    ASX Company News: CBio Has Success Treating Lupus

    Friday, October 1st, 2010

    Australian drug development company CBio Limited (CBZ) announced that is has completed animal studies into the effectiveness of Chaperonin 10 in treating systemic lupus erythematosus (SLE).   The results from the Lupus study conducted with the University of Munich show significant potential for the treatment of SLE and strengthen the company’s view that its lead compound XToll® has utility beyond a single indication.

    Lupus is a chronic inflammatory disease that can affect various parts of the body, especially the skin, joints, blood, and kidneys. SLE is the most serious form of Lupus, a disease which mostly affects young females. The disease is treated with unspecific immunosuppressant’s such as steroids or cytotoxic drugs that cause serious toxicities in patients.

    XToll® is a potential new-generation drug therapy which could provide safer and more effective treatment of autoimmune diseases.  CBio Managing Director Jason Yeates said this study is an important link in CBio’s drug development pipeline.  “We are greatly encouraged by these results as they provide us with further evidence that XToll® could potentially be developed to treat a range of autoimmune diseases,” Mr Yeates said.

    XToll® is a biologically active, modified variant of the naturally occurring protein, Chaperonin 10. The company has previously completed phase I and early phase II studies with XToll® in rheumatoid arthritis (RA), psoriasis and multiple sclerosis (MS).

    www.cbio.com.au

    http://www.traderdealer.com.au/Fundamentals/cbz

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    ASX Company News: Village Roadshow To Build Sydney Wet ‘n’ Wild

    Tuesday, September 14th, 2010

    Village Roadshow Limited (VRL) announces that a subsidiary has signed a conditional agreement to build and operate a major water theme park in Sydney, Australia. To be called Wet ‛n’ Wild Sydney, the park will be built on a 25-hectare site at Prospect under a long term lease agreement with the New South Wales Government and is expected to open in the summer of 2013/14. VRL will invest approximately $80 million in the project which is subject to finance and various planning approvals.

    Announcing the development, Village Roadshow Chairman, Robert Kirby, said: “We are very excited about the opportunity to bring our highly successful water theme park concept to Sydney, this is a huge step forward for one of our foundation businesses and to develop Wet ‘n’ Wild Sydney.”

    Wet ‘n’ Wild Sydney will be developed into one of the world’s best water theme parks showcasing the very latest and best in high-tech thrills and family entertainment. Situated adjacent to the M4 freeway in the geographic heart of Sydney, it will be a world-class destination and attract up to one million visitors a year, including interstate and overseas tourists. VRL is Australia’s largest theme park owner and operator with successful Wet ‘n’ Wild water theme parks on Queensland’s Gold Coast and in Phoenix, Arizona and in Hawaii. VRL will immediately commence preparations to lodge a Major Project Application with the NSW Department of Planning including development consent under the Environmental Planning and Assessment Act. The new park will employ state-of-the-art water efficient design, filtration and recycling technology to maximise water re-use on site. Part of the development cost includes a contribution of $5.2 million by VRL towards funding improvements to the surrounding road network by the NSW Roads and Traffic Authority so that enhanced traffic infrastructure will be completed prior to the park opening. VRL will fund the preliminary development of the new park out of a combination of existing cash reserves and undrawn debt facilities, and will seek new finance to fund the final construction cost.

    www.villageroadshow.com.au

    http://www.traderdealer.com.au/Fundamentals/VRL

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