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SO, here we are at the end of the summer and someone is looking for that needle in a haystack. Look no further, because Ikona is gonna make us all rich. They've already entered thier technology into two of the largest companies of thier respected sectors. They still have many other sectors to market thier systems too. I think $2 - $5 short term and the sky is the limit long term. I'm going to take advantage of the dips.
Great ! Here's a reminder:
January 23, 2006 - 9:45 AM EST
Ikona Gear International Signs Multi-Million Dollar Global Licensing Agreement With Magna Powertrain
Company's Patented Gearing Technology Slated for Implementation Into Magna's Automotive Applications in North America and Europe
Ikona Gear International, Inc. (OTC BB: IKGI), a leader in innovative gearing systems technology, today announced it has signed a technology licensing agreement with MAGNA Drivetrain AG & Co KG. Magna Powertrain, a wholly owned group of Magna International Inc., is a premier supplier for the automotive industry with full capabilities in powertrain / drivetrain design, development, testing and manufacturing.
"Our global licensing agreement with Magna is a major milestone for Ikona, and represents significant future revenue potential," said Ikona CEO and President Laith I. Nosh. "Magna has tested our patented gear technology extensively over the past three years, and we look forward to seeing our technology integrated into Magna's automotive applications, which will generate a significant and potentially multi-million dollar on-going revenue stream for Ikona."
Nosh continued, "Ikona provides a breakthrough technology platform, and our business model focuses on securing licensing agreements with leaders in key markets such as automotive, which accounts for nearly 50 percent of the $100 billion global gearing industry. We look forward to working more closely with Magna through commercialization of new and innovative Ikona Gear-based automotive applications."
Licensing Agreement Overview
Under terms of the agreement, Magna will license the patented Ikona Gear technology platform for incorporation into automotive applications in passenger cars and light trucks, sports-utility vehicles, pick-up trucks, minivans, cross-utility and similar vehicles throughout North America and Europe. Magna has a right to designate its applications as exclusive on a per application basis, by paying an associated up-front exclusivity fee per designated Magna automotive application. Ikona Gear will receive royalties on a per application, per unit basis for exclusive and non-exclusive Magna automotive applications.
Automotive Applications for the Ikona Gear
Ikona's patented gearing technology has numerous automotive applications to which the license may apply. As per terms of the agreement, Magna will solely determine which applications to pursue, and will develop and market the applications to its OEM relationships which include DaimlerChrysler, General Motors, Ford, BMW, Volkswagen and others. Magna is presently supplying parts to roughly 32 million vehicles per year across its OEM relationships.
Ikona will be working more closely with Magna to monitor the release of its technology in new Magna applications, and will provide more detailed revenue expectations as the relationship progresses.
Magna Powertrain, a wholly owned group of Magna International Inc., is a premier supplier for the automotive industry with full capabilities in powertrain / drivetrain design, development, testing and manufacturing. Magna Powertrain employs over 11,000 people worldwide. Magna International, Inc. is a multi-billion dollar diversified, worldwide automotive supplier. The company designs, develops and manufactures automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia and South America. Magna has approximately 82,000 employees in 220 manufacturing operations and 56 product development and engineering centres in 22 countries.
About Ikona Gear International
Ikona Gear designs, manufactures and markets innovative gearing-enabled applications and gear increasing and reduction systems. Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction and very high gear tooth contact. The company's patented technology affords significant advantages over traditional planetary gearing systems including: very high torque, reduced size and weight, zero backlash, accurate back-and-forth actuation, low friction, superior efficiency and low noise. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2". For more information on Ikona, please visit us at http://www.ikonagear.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Image Available: http://www.marketwire.com/mw/frame_mw?attachid=231961
Source: Market Wire (January 23, 2006 - 9:45 AM EST)
News by QuoteMedia
www.quotemedia.com
WOW!! Just got off the phone with Investor Relations here in California. The Magna deal that was signed back in January is coming to fruition as we speak. She couldn't say specifically about the actual news release, but that she was excited about the near future for IKGI. The Magna deal is going to be pretty big after reading the press release from January:
http://www.b2i.us/profiles/investor/ResLibraryView.asp?ResLibraryID=15370&GoTopage=2&BzID=13....
Charts are looking great for a big push upwards. CCI is above the zero line and climbing. MACD is positive and the only thing we need to start the push is some Volume. 13K a day isn't going to do us any good. We need to surpass 200k just to get some attention.
Anyway I'm quadrupaling my position tomorrow.
GL LONGS!!!
Vast Oil Pool Tapped in Gulf of Mexico
Tuesday September 5, 3:33 pm ET
By Brad Foss, AP Business Writer
Oil Pool Tapped in Gulf of Mexico Could Boost U.S. Reserves by 50 Percent
WASHINGTON (AP) -- A trio of oil companies led by Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost the nation's reserves by more than 50 percent.
A test well indicates it could be the biggest new domestic oil discovery since Alaska's Prudhoe Bay a generation ago. But the vast oil deposit roughly four miles beneath the ocean floor won't significantly reduce the country's dependence on foreign oil and it won't help lower prices at the pump anytime soon, analysts said.
"It's a nice positive, but the U.S. still has a big difference between its consumption and indigenous production," said Art Smith, chief executive of energy consultant John S. Herold. "We'll still be importing more than 50 percent of our oil needs."
Chevron on Tuesday estimated the 300-square-mile region where its test well sits could hold between 3 billion and 15 billion barrels of oil and natural gas liquids. The U.S. consumes roughly 5.7 billion barrels of crude-oil in a year.
It will take many years and tens of billions of dollars to bring the newly tapped oil to market, but the discovery carries particular importance for the industry at a time when Western oil and gas companies are finding fewer opportunities in politically unstable parts of the world, including the Middle East, Africa and Russia.
The proximity of the Gulf of Mexico to the world's largest oil consuming nation makes it especially attractive. And it could bring pressure on Florida and other states to relax limits they have placed on drilling in their offshore waters for environmental and tourism reasons.
The country's reserves currently are more than 29 billion barrels of oil equivalent, according to the U.S. Energy Department. But the U.S. imports most of its oil from abroad and its overall supply is tiny when compared with, say, Saudi Arabia, whose reserves exceed 250 billion barrels.
Chevron's well, called "Jack 2," was drilled about 5.3 miles below sea level. Chevron has a 50 percent stake in the field, while partners Statoil ASA of Norway and Devon Energy Corp. of Oklahoma City own 25 percent each.
During the test, the Jack 2 well sustained a flow rate of more than 6,000 barrels of oil per day, but analysts and executives believe the payoff could be much larger than that.
The financial implications of the prospect are most significant for independent oil and gas producer Devon, which is the smallest of the three partners. Devon's shares soared about 12 percent on the New York Stock Exchange.
"This could not have happened in a better place," Devon CEO Larry Nichols said in a conference call with analysts.
The successful test well does not mean a huge supply of cheap oil will hit the market anytime soon.
Oppenheimer & Co. analyst Fadel Gheit estimated that the first production for the Chevron-led partnership might not come on line until after 2010, depending on how many more test wells the companies drill. That said, many companies, including BP PLC, Exxon Mobil Corp. and Anadarko Petroleum Corp., stand to benefit from their own projects in the so-called lower tertiary, a rock formation that is 24 million to 65 million years old.
"They may be the first ones to hit the jackpot, but if the current thinking is correct, this is only a beginning," Gheit said.
The well was drilled in the Walker Ridge area of the Gulf, about 270 miles southwest of New Orleans and 175 miles off the coast. It followed up a discovery made by Chevron in 2004.
San Ramon, Calif.-based Chevron said the well set a variety of records, including the deepest well successfully tested in the Gulf of Mexico. Chevron said the well was drilled more than 20,000 feet under the sea floor below 7,000 feet of water for a total depth of 28,175 feet.
Shares of Devon rose $7.73, or 12.1 percent, to $71.88 in afternoon trading on the New York Stock Exchange, above the top end of the stock's 52-week range of $48.94 to $70.35. Shares of Chevron rose $1.76, or 2.7 percent, to $66.59.
http://www.chevron.com
http://www.statoil.com
http://www.devonenergy.com
Ikona Gear Chief Financial Officer to Be Featured Live on Market News First
Tuesday September 5, 8:52 am ET
COQUITLAM, BC--(MARKET WIRE)--Sep 5, 2006 -- Ikona Gear International, Inc. (OTC BB:IKGI.OB - News), an innovator in compact, lightweight, gearing systems solutions, today announced that its Chief Financial Officer, Raymond Polman, will be featured live on Market News First (www.mn1.com) for an exclusive interview with the MN1 news team. The interview is scheduled for September 5, 2006 at 2 p.m. CDT.
Ikona Gear's revolutionary gear technology was invented in Russia between 1986 and 1991 for a lightweight, long-range, military assault helicopter. Laith Nosh, Ikona's founder, acquired the rights to the new gear invention and imported the technology to North America. From 1992 to 2001, Ikona Gear engineers, under the skillful direction of Dr. John R. Colbourne, a world-renowned gearing expert, perfected the revolutionary gear design and patented it.
Ikona's mission is the development and commercialization of power train products that incorporate their unique, versatile and patented gear technology. The company's patented gear inventions are available for licensing, joint development opportunities, or development of custom product designs to meet clients' application requirements.
Join Raymond Polman of Ikona Gear International as he discusses the company's goals and current position in the stock market. If you can't catch the interview live, we invite you to log onto www.MN1.com and download the podcast in its entirety.
About MN1.com
Market News First is an online market news provider which brings investors current news on the market. Market News First is the only online live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
About Ikona Gear International, Inc.
Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.
Contact:
Investor Relations Contacts:
Marty Tullio
McCloud Communications, LLC
949.553.9748
Email Contact
Company Contact:
Scott Rose
Ikona Gear International
604.523.5507
Email Contact
are we a 50's band now ? that was sure a quick 60% from my first starting this board for a sleepy stock nobody is following !
Schlumberger should be getting thier equipment to test this month and the spread on this stock is showing it. I'm sure they have other buyers by now.
someone just bought at .45. This is just the beginning as you said. Look at all the info.. I must admit this is the most attractive i-box I've ever made, lol.
It's funny how ihubbers always chase the high-volume, junk penny stocks, and pass over the real winners just because they have low volume.. where do you think this stock will be in a year's time ? It could easily be over 2 dollars..
Just the beginning boys. Nice spread today bid .34 ask .45. If we could find a little volume this could jump nicely.
Press Release Source: Ikona Gear International, Inc.
Ikona Receives Initial Orders of $650,000 for New Oil and Gas Drilling Products
Tuesday August 15, 9:00 am ET
COQUITLAM, BC--(MARKET WIRE)--Aug 15, 2006 -- Ikona Gear International, Inc. (OTC BB:IKGI.OB - News), an innovator in compact, lightweight, gearing systems solutions, today announced that its oil and gas field machinery division, Ikona Industries, has received orders in excess of $650,000 for its recently launched proprietary oil and gas drilling machinery. The product applications include drawworks, mud pump drives and speed increasers. The customers, leading oil and gas field explorations companies, have chosen Ikona's products over current equipment supplied into the market by competitors due to inherent advantages of performance, ease of integration and reduced capital costs to the drilling companies.
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"We are very excited to see such a rapid response, in terms of orders, to the recent launch of our new oil and gas related products," said Laith Nosh, Ikona CEO and President. "This initial endorsement by leading oil and gas field explorations companies is further evidence of the tremendous benefits provided by our proprietary gearing technologies."
Ikona's drawworks are rugged, compact and lightweight oil field machinery, designed to require smaller footprints on the drilling deck and facilitate ease of lifting and relocation. Ikona's 2 speed drawworks design provides the operator with enhanced lifting capacity, improved maneuvering at high speed, and desired power for the heavy lifts when needed. A drawworks is the main hoisting winch on a drilling platform, designed to lift drilling lines up and down the drill hole.
Ikona's proprietary mud pump drives designs are lighter and more compact than any other equipment with comparable rating currently available to the market. Mud pump drives are important integrated components of a drilling rig, facilitating the operation of the drilling rig mud pump at desired speed and power, and producing the required flow and pressure for powering the drilling head.
By 2009, the drilling equipment market is expected to account for 40 percent of the $13 billion North American oil and gas field machinery market. (www.euromonitor.com)
Ikona Industries is engaged in discussions with a number of drill rigs manufacturers and oil and gas explorations companies interested in using Ikona's patented gear technology in the development of their products. These and other initiatives have potential to translate into very significant revenue for Ikona.
About Ikona Gear International, Inc.
Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications. The company currently markets applications for oil and gas field machinery, automotive, telecommunications, and medical devices, identified as high growth sectors in the $100 billion global gearing technology market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
Investor Relations Contacts:
Mark D. Tullio
Email Contact
or
Marty Tullio
Email Contact
McCloud Communications, LLC
949.553.9748
Company Contact:
Scott Rose
Email Contact
Ikona Gear International
604.523.5507
--------------------------------------------------------------------------------
rito .. I am also in for long. Lets just hope for the best :)
low volume isn't a reason to worry unless you were going to daytrade it. I'm looking at this as a long position.
I am just a little worried about the volume .. would like to see it much higher than it is now
Just what I was thinking...whenever a major player in any industry selects a vendor/supplier, other big players pay close attention!
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001062993-06-001993&Type=HTML
interesting strike prices. nice share breakdown. I want to be here when they break profitability.
Bottom Line, is that if you can reel in a Whale like Schlumberger, then they had a very successful show in June. IF product proves worthy in testing by Schlumberger, then others will come flocking. Let's cross our fingers!!
Marketing Plan and Engineering Progress
We have developed a marketing plan for vertical, industry-specific applications of the proprietary Ikona Gearing System for applications which capitalize on the unique high torque and low weight attributes of the Ikona Gearing System, including but not limited to the following:
Vertical Market Client Progress Update (All references to quarters are fiscal quarters)
Medical Equipment Aircast Inc./Mayo Clinic. Designed application, entered into
Licence Agreement in Feb. 2004,
currently receiving licensing
royalties.
New World Associates (application designer)
(for a Medical prosthetic supplier) Entered into Letter of Intent in Q3-2006,
designed application, received fees,
implemented and in testing
Automotive MAGNA Drivetrain AG & Co KG Entered into a master Licence
Agreement on December 15, 2005,
anticipate first exclusive
application not later than August
31, 2006.
Military equipment Andrew Corporation Manufactured first unit in Q2 and
Q3 of 2006, manufacturing 4 units
in Q3/Q4 of 2006.
European Military Vehicle Supplier Presented conceptual design in Q3-2006
In progress - Engineering
feasibility studies
Aviation Pratt & Whitney In progress - Engineering
feasibility studies
Robotics and high precision
Machinery Universal Robotics ApS Designed in Q3-2006, received
engineering design fees in Q3-2006
Presently in testing
Oil and Gas technologies MiVa Engineering Received order, in design
Deliverable in Q4 of 2006
Major engine manufacturer Conceptual design, negotiating
integration of transmission for
mud pumps
Major pipeline transmission company Conceptual design and quote
for pump-trimming technology
Engineering feasibility studies
High torque industrial machinery Riverside Forest Products In progress – designed, modified
and in testing.
Paccar Winch Division In progress - Engineering
feasibility study, negotiating.
Alpha Gear, Germany Conceptual presentations for
industrial gear-head design
In progress - Engineering
feasibility studies
Alternate energy StarRotor Corporation In progress – designed, fabricated,
and in testing
I'm also in at 0.39 ... Hoping to see a nice and steady progress.
I sure hope so guys, I'm in at .38 and it should be a monster by yrs. end.
could very well be a monster in the making. Only 10 million total market cap right now..
So glad you started the board, bought today. The PR about the Schlumberger contract was just great, chart is great as well...a lot of potential IMHO.
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http://www.ikona.ca
Individual Shareholders, please contact:
Mr. Scott Rose
150 Hartley Ave, Unit #1
Coquitlam, BC, Canada
V3K7A1
Tel 1-888-64-IKONA (4-5662)
email: scott@ikona.ca Ikona Institutional Investor Relations
Institutional Shareholders/Security Analysts, please contact:
McCloud Communications
2082 Business Center Drive, Suite 170
Irvine, CA 92612
Marty Tullio
Tel (949) 553-9748
Fax (949 553-9408
Investor & Corporate Communications
marty@McCloudCommunications.com
Corporate and Engineering Offices:
Ikona Industries Corporation
1850 Hartley Avenue, Unit # 1
Coquitlam, BC, V3K 7A1
Corporate Headquarters:
Ikona Gear International, Inc. and Ikona Gear USA, Inc.
101 Convention Center Dr., Suite 700
Las Vegas, NV 89109
Tel 1-888-64-IKONA (4-5662)
Transfer Agent:
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
One Preston Park
2301 Ohio Drive - Suite 100
Plano, Texas 75093
972-612-4120 (tel.)
972-612-4122 (fax)
Signaturestocktransfer@msn.com
http://www.ikona.ca/secfilings.html
39,082,791 common shares outstanding as of April 17, 2008
IKGI Press Releases: http://www.ikona.ca/pressreleases.html
Ikona Sells Line of Mud Pump Drives to Its Canadian Distributor
Wednesday August 6, 10:30 am ET
Company to Focus on Developing Products Around Patented Gearing Technology
COQUITLAM, BC--(MARKET WIRE)--Aug 6, 2008 -- Ikona Gear International, Inc. (OTC BB:IKGI.OB - News), an innovator of compact, lightweight, oil and gas field machinery and gearing technology, today announced that it has entered into an Agreement of Purchase and Sale of Assets with Canadian-based Saskatchewan LTD.
In keeping with world demand for more efficient products, Ikona has successfully designed, developed and manufactured a line of innovative mud pump drive systems. Under the terms of the Agreement, Saskatchewan LTD will acquire from Ikona the exclusive rights to manufacture and distribute the product line on a worldwide basis. The proceeds from the sale were not disclosed due to the competitive nature of the oil and gas machinery sector.
"Saskatchewan LTD has a stellar reputation within the industry and has been an excellent distributor of our products for the past two years," commented Ikona Gear CEO Laith Nosh. "They had significant input into the development of the mud pump drives and are experienced in the assembly and testing of the products."
Nosh continued, "This sale demonstrates not only our ability to design innovative, cutting-edge products, but our ability to commercialize these products. We will continue to develop our oil and gas machinery equipment, including our drawworks, in parallel with focusing our assets on the development of additional applications for our patented gearing technology. Currently we have applications within the automotive, communications, and medical device industries, upon which we plan to expand.
"Ikona and ICA Advisors, a division of Intellian Capital, are also investigating partnerships within the alternative energy sector that would allow us to incorporate our patented gearing technology in wind energy turbines."
Ikona's mud pump drives (MPD) are recognized within the oil and gas industry for their compact, lightweight design, which presents a footprint that is approximately 40 percent smaller, when compared to other solutions currently available. Its enhanced power-to-weight ratio lowers overall equipment costs and provides additional space on the oil rig.
About Ikona Gear International, Inc.
Ikona Gear is a knowledge-based company with innovative and proprietary products targeting two significant markets: oil and gas field machinery and gearing and power transmission applications. The company provides a family of mud pump gear drives, hoisting drawworks and speed increasers that have established new standards within the oil and gas industry for their efficiency, weight and small footprint on the drilling platform. The company's unique patented gear technology enables engineers to design gear products with a higher power-to-weight ratio, increased control and precision of gear movement, extremely high input-to-output speed ratios and generally superior application performance over standard gearing systems. It is best suited for applications with deep ratio requirements and weight and size constrains such as the automotive industry, satellite communications equipment, robotics and medical devices. Ikona trades on the OCTBB trading system under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "lG2." For more information, please visit www.ikona.ca.
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