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Sorry to hear that,dude.
Best Wishes for a speedy recovery, BocaBobby.
peace
Grateful Alive- Jolly Joker's GD Blogspot:
http://gdalive.blogspot.com/p/grateful-dead.html
Believe it if you need it
If you don't, just pass it on
-Hunter/Lesh
I have not seen any mention of Vicis' winding down except on that Dealflo site. I would think that a more credible source would have picked up the story by now...fwiw.
Vicis Capital Is Winding Down Funds After Investors Sought Redemptions
Posted February 12, 2010 10:41AM PST
Vicis Capital LLC, a $2.9 billion hedge fund firm started by former Lehman Brothers trader John Succo in 2004, is winding down its funds after receiving too many requests for redemptions, a person familiar with the matter said.
Vicis has been an active investor in PIPEs. The New York-based firm had bought into at least 75 private placements totaling $185.9 million since mid-2004. Most of those were purchases of convertible preferred stock in micro cap companies.
Vicis had previously suspended redemptions from its Vicis Capital fund after clients sought to withdraw $550 million in September, Bloomberg News reported.
Separately, two Vicis managing directors have been implicated in an alleged insurance fraud at Vicis portfolio company Medical Solutions Management, according to a report by web site Sharesleuth.com.
Managing director Chris Phillips, who had been with Vicis for two years, previously worked at Medical Solutions and served on the board of MDwerks Inc., another company connected to the alleged fraud. Managing director Shad Stastney also served on the boards of both companies.
Phillips no longer works at Vicis, a person familiar with the firm said. Stastney is one of about 10 people who are staying with the firm during the winding-down period. Stastney didn't return an e-mail request for comment.
http://pipes.dealflowmedia.com/wires/article.cfm?id=tcqdnmbuehlbvdm
Rose,
I disagree that the delay is politically motivated. You have multiple behemoth beurocracies trying to move forward with the greatest possible help from Uncle Sam. Remember that Duke had already budgeted billions for their own grid. Now they want matching funds and incentives to accelerate. It's to the benefit of all (taxpayers and hamsters alike) if they all agree on standards, thus the planning, comment, roadmapping process.
Since the Obomulus Plan will be searching widely for the silver lining tonight, let's see if he can muster a plug for the Smart Grid. Maybe he will tell us something we didn't already know....like who just bought $9.9 million dollars worth of x-3 nodes from ABTG?lol...
imo
GL
Gov't Rules and Regulations Delaying Smart Grid Evolution: Report
January 27, 2010
By Kelly McGuire
TMCnet Editor
It’s been a while since I’ve written much of anything smart grid related that didn’t directly deal with the successful Smart Grid Summit held in conjunction withTMC’s ( News - Alert) ITEXPO East last week in Miami.
But, when I came across news that Nanomarkets reported that the stall behind the continual evolution of the smart grids market is in fact the U.S. government and its policies and regulations, I wanted to briefly discuss its effect on the space.
According to the report, NanoMarkets sites the National Institute of Standards and Technology, or “NIST,” as a major time drag on the market.
Surprised? I’m not.
Since the NIST has stepped in to push for more standards in the smart grid space, there has been a temporary freeze on the largest injection of capital – namely $4 billion – until those rules and regulations are finalized, the funds are not accessible, essentially permitting the smart grid movement to evolve with the necessary investments it needs.
Another problem is that, while the $4 billion is not accessible to the larger picture of the smart grid world, the funds are being allotted to projects, slowly depleting the amount of money large utilities and corporations can use in conjunction with their monetary budgets.
Kelly McGuire is a TMCnet Web editor, covering CRM and workforce technologies, and anchor of its daily TMC Newsroom video broadcast. Kelly also writes about eco-friendly "green" technologies and smart grids, compiling TMCnet's weekly e-Newsletters on those topics, as well as the cable industry. To read more of Kelly's articles, please visit her columnist page.
Edited by Kelly McGuire
http://smart-grid.tmcnet.com/topics/smart-grid/articles/73786-govt-rules-regulations-delaying-smart-grid-evolution-report.htm
Lab Report: Smart Grid Technologies Could Slash Energy Use, CO2 Emissions by 18% in 20 Years
Jan 22, 2010
Smart Grid advocates have long insisted that new renewable energy, information and communications technologies will transform the country's electric grid into a strong, safe, secure system and significantly cut pollution along the way. A new report seems to agree.
A new government report says Smart Grid technologies could reduce energy consumption and carbon dioxide emissions by up to 18% in 20 years if they are thoroughly implemented.
The report, prepared by DOE's Pacific Northwest National Laboratory (PNNL), says that energy use and carbon impacts could be cut by 12% directly and 6% indirectly with "100% penetration" of Smart Grid technologies.
A few cautions though: The reduction figures are estimates based on published information and simple analyses. Also, the report doesn't really determine the environmental impacts of Smart Grid technologies or their cost effectiveness. What it does do is give an assessment of energy and carbon dioxide savings that could result if the technologies typically thought of as Smart Grid are put in place. And remember: We're talking about 100% implementation.
GridWise® Alliance President Katherine Hamilton called attention to the report during a green energy conference in Washington, D.C. Friday.
"The Smart Grid, while a buzz word we hear everywhere, is still evolving and the true value of its success will be evident and measured over the course of many years as projected in the Pacific Northwest National Laboratory's newly released report, The Smart Grid: An Estimation of the Energy and CO2 Benefits."
The report lists nine ways Smart Grid adoption could reduce energy use and carbon dioxide emissions caused by power generation and delivery.
http://www.smartgridnews.com/artman/publish/End_Use_Efficiency_News/Lab-Smart-Grid-Technologies-Could-Slash-Energy-Use-CO2-Emissions-by-18-in-20-Years-1773.html
VP Biden: Smart Grid Stimulus Creating 104,000 New Jobs
Dec 15, 2009
A report issued by Vice President Joe Biden estimates that Recovery Act investments will provide 104,000 new jobs in the Smart Grid sector alone. Jobs created in renewables and energy-related manufacturing bring the overall total to almost 900,000 new jobs, according to the report estimate.
The Recovery Act invested $80 billion in clean energy with $4.3 billion going to a wide variety of Smart Grid technologies, research and development, renewable energy generation, energy efficiency, demonstration projects and more.
The 900,000 number represents the estimated total number of new jobs that will be created from $29 billion in Recovery Act money coupled with an additional $52 billion in private investments. In addition to the Smart Grid, $24 billion invested in renewable and advanced manufacturing is expected to create 722,000 jobs, and $2.3 billion invested in advanced energy manufacturing facilities should create 58,000 new jobs.
Biden's report also noted that renewable electricity from solar, wind and other sources should double in the period from January 2009 to 2012, and that renewable manufacturing capacity for wind turbines and solar panels should also double in that same period.
http://www.smartgridnews.com/artman/publish/Stimulus_News_Digest_News/VP-Biden-Smart-Grid-Stimulus-to-Create-104-000-New-Jobs-1648.html
Stimulus-Funded Smart Meters Could Mean Job Cuts, Maine Union Officials Say
Jan 19, 2010
Billions of dollars in Smart Grid stimulus funds have been doled out for the Smart Grid, clean green renewable energy and jobs. Now union officials say a Maine utility's smart meter deployment plans could actually cost jobs, not create them. We can't help but wonder if this is happening — or will happen — elsewhere as the massive meter rollouts continue.
Central Maine Power Company's plans to replace existing meters with smart meters for about 600,000 customers has hit a snag: Union officials have warned that the new meters could mean 141 employees will lose their jobs as a result of the automation. They'll present their case to the state Public Utilities Commission Wednesday.
Central Maine Power Company (CMP) got a $96 million Smart Grid Investment Grant to help pay part of the $190 million meter rollout. While the utility says the project will create 200 short-term installation jobs, the International Brotherhood of Electrical Workers (IBEW) Local 1837 doesn't see it that way.
"We're concerned, to start with, that $96 million in federal stimulus money is going to be used for this advanced metering infrastructure system that could lead to layoffs of 141 workers at CMP," Matthew Beck, IBEW Local 1837 staff organizer, was quoted as saying in the Portland Press Herald. "I thought stimulus funding was supposed to create jobs, not eliminate jobs."
Beck said those potential layoffs include 85 meter readers who also perform other duties for the utility as they make their rounds, such as watching for damaged power lines and home break-ins and other chores during power outages like standing guard over downed lines.
CMP plans to complete its rollout over the next two years. CMP President Sara Burns said in a press release that the project will give customers real-time information on their electricity use and choices for supply and cost, will enable the utility to run more efficiently and be good for the environment.
Total IBEW membership is more than 700,000 members.
From the source ... Portland Press Herald
http://www.smartgridnews.com/artman/publish/Technologies_Metering_News/Smart-Meters-Could-Mean-Job-Cuts-Maine-Union-Officials-Say-1749.html
from SmartGridNews:
Utility Industry Predictions
1/20/2010
4. Smart Grid spending will hit $18 billion by 2013.
· Drivers include the ongoing smart meter rollouts; the stimulus funding won’t have an impact until late 2010 at the earliest
· By year end the country will be at 20 million smart meters and 15% market penetration
· The infatuation with consumer-facing technologies will cool and the focus will shift to distribution automation
We've said before that we expected distribution automation to be the next growth area. However, expenditures will still be relatively modest compared to the larger metering segment.
http://www.smartgridnews.com/artman/publish/News_Commentary_News/IDC-s-Annual-Utility-Industry-Predictions-With-a-Spin-1727.html
Ambient books $10M smart grid contract
Wednesday, January 27, 2010
Ambient Corp. announced Tuesday it has received a $9.9 million order for its smart grid communications nodes.
The Newton-based smart grid technology company said it plans to deliver the nodes, which act as a bridge, router or gateway for communications on the electrical grid, in the first half of this year. The contract’s value is ten times more than the company’s revenue of about $900,000 for the first nine months of 2009, and double the $4.5 million in revenue Ambient booked the first nine months of 2008.
“We have spent more than 10 years collaborating with the innovative and early adopters of the smart grid space,” said Ambient CEO John Joyce in a statement. “To have our team’s vision of a platform based on incorporating multiple communication technologies within one enclosure culminate in this latest product offering is gratifying.”
On Monday, Ambient announced that it had issued about 666 million shares of common stock to its largest shareholder, Vicis Capital LLC, in order to retire completely the company’s long-term debt.http://www.masshightech.com/stories/2010/01/25/daily26-Ambient-books-10M-smart-grid-contract.html
(3) On January 20, 2010, the Fund converted a $7,500,000 Secured Convertible Promissory Note into 500,000,000 shares of Common Stock and converted a $2,500,000 Secured Convertible Promissory Note into 166,666,667 shares of Common Stock. The number of shares of Common Stock into which each such Secured Convertible Promissory Note was convertible was determined by dividing the outstanding principal balance and any accrued but unpaid interest by the conversion price in effect on January 20, 2010, which was $0.015.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6997727-1848-16165&type=sect&TabIndex=2&companyid=6643&ppu=%252fdefault.aspx%253fcik%253d1047919
Make that 1,312,698,414...Vicis got another 666,666,667 on Wednesday.
Form 4 filed this morning:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6997727-1848-16165&type=sect&TabIndex=2&companyid=6643&ppu=%252fdefault.aspx%253fcik%253d1047919
646,031,747...they got another 5,000,000 on Tuesday.
Form 4 filed this morning:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6995552-1869-17302&type=sect&TabIndex=2&companyid=6643&ppu=%252fdefault.aspx%253fcik%253d1047919
I think they should use more smoke
and not so much with the mirrors.
imo
Thanks, Moshe....I'm a bit concerned that he was quoting from this CNN report on desertification written almost two years ago. In fact, the entire PR seems to be derived from this report:
Desertification: How to stop the shifting sands
http://www.cnn.com/2008/WORLD/asiapcf/04/25/es.desertification/index.html
and here's today's pr copy:
http://ih.advfn.com/p.php?pid=nmona&article=41106823&symbol=NUEC
Is anyone else having deja vu all over again?
lol
Moshe, How do you know that he's Israeli? Have you ever met him personally?
Yeah but that's not him, I can assure you. That world renowned physicist has never heard of this pink sheet venture. They must have another one with the same name bottled up in the nearly famous Terra-Solv SA lab. Perhaps they grew a clone of him in a Petri dish?
gl
Smart Grid Coalition Presents Views to House Democratic Caucus on Job Creation and Support for Economic Recovery
1 hr 4 mins ago
WASHINGTON, Jan. 14 /PRNewswire-USNewswire/ -- Earlier today, at the invitation of the House Democratic Caucus, representatives of the Demand Response and Smart Grid Coalition (DRSG) presented their views on smart grid development, job creation, and economic recovery to over 200 Members of the House at the body's annual Issues Retreat.
"The Smart Grid is about jobs," said House Speaker Nancy Pelosi (D-CA). "And the clean energy jobs of the future are created by smart grid companies every day. Investing in the smart grid means investing in every state in ways that provide local jobs and local benefits as well as supporting our economic recovery and our environmental goals."
"We look to the smart grid for an innovative way to create jobs in the short term while laying a foundation for long-term economic growth," said Chairman of the House Democratic Caucus John Larson (D-CT). "It was important to hear from the Demand Response and Smart Grid coalition and its cutting edge companies to get their perspective. It is clear that a part of maintaining US competitiveness includes supporting the smart grid."
Senior Executives from DRSG member companies Whirlpool, Honeywell, Landis + Gyr, EnerNOC and Ice Energy represented DRSG, with each company giving an overview of their respective role in smart grid development and how they are adding jobs and contributing to economic recovery as a result of the new business opportunities being created by smart grid policy developments. The companies specifically addressed their involvement in projects to be funded by provisions of the American Recovery and Reinvestment Act.
"This was a great opportunity to be helpful to America's lawmakers," said Dan Delurey, DRSG President. "The emerging smart grid brings with it skilled jobs while advancing the security and reliability of our electric grid and reducing emissions and customer prices."
The companies also took the opportunity to respond to the many questions from House members as to what steps could be taken now on Smart Grid that would also contribute to job creation and economic recovery. DRSG members discussed several steps that it believed should be taken and they will follow-up with members on issues including:
Provide additional stimulus funds to DOE to allow additional smart grid grant applications to be funded from among existing applicants.
Enact the existing provisions of H.R. 2454 (the American Clean Energy and Security Act, sponsored by Representatives Waxman and Markey) that would create smart grid peak reduction goals and also integrate smart grid into the Energy Star Program.
Establish a temporary investment tax credit that would spur near-term smart grid business activity in the same way that tax policy has been used to support development in the renewable and efficiency areas.
"The House of Representatives has shown great support for smart grid development in EPACT 2005, EISA 2007, ARRA 2009 and now in Waxman-Markey. Those of us in the industry know that with a little bit more support right now, many more smart grid projects and developments can be unleashed," said Delurey.
The Demand Response and Smart Grid Coalition is the trade association for companies that provide technologies, products and services in the area of demand response and smart grid. Members of the DRSG Coalition include: Aclara, Advanced Telemetry, Ambient, Amplex, Bridge Energy Group, CABA, CalAmp, Comverge, Conservation Services Group, Control4, Corporate Systems Engineering, CPower, Direct Energy, Echelon, Eka Systems, Electrolux, eMeter, Energy Capital Partners, EnergyConnect, Energy Curtailment Specialists, EnergySolve, EnerNOC, Enfora, EnOcean Alliance, Enspiria Solutions, GE, Google, HomeGrid Forum, Honeywell, Ice Energy, Itron, KMC Controls, Landis+Gyr, LG Electronics, Lockheed Martin, Lutron Electronics, Midas Medici Group Holdings, Oracle, PCN Technology, Sensus, Silver Spring Networks, SmartSynch, Space-Time Insight, Steffes, Tendril, Trilliant Networks, Universal Powerline Association, Whirlpool, ZigBee Alliance, Ziphany. More information is available at www.drsgcoalition.org.
SOURCE Demand Response and Smart Grid Coalition
http://news.yahoo.com/s/usnw/20100114/pl_usnw/DC38039_1
Thanks, sloth....zoom,zoom!
INPLAY: 8:33AM Ambient (ABTG.OB) and Verizon announce the launch of their jointly developed Open Smart Grid Communications Architecture (ABTG) 0.13 : Verizon Wireless (VZ) and Ambient Corporation (ABTG.OB) announced the launch of their jointly developed Open Smart Grid Communications Architecture, an integrated smart grid solution and open communications network for utilities deploying smart grid programs.
http://finance.yahoo.com/marketupdate/inplay
Eco-Rx was the name of the NUEC shell before Fischer came along...
Company Notes
Formerly=Eco-Rx, Inc. until 9-2009 Formerly=Eco-Aire Company, Inc. until 7-99
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=nuec
That's an amended 10q from the previous quarter,fwiw.
8-k:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6977522-829-9411&type=sect&TabIndex=2&companyid=6643&ppu=%252fdefault.aspx%253fcik%253d1047919
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
In connection with the preparation of the response to certain comments included in a comment letter from the Securities and Exchange Commission relating to its annual report on Form 10-K for the year ended December 31, 2008, Ambient Corporation (the “Company”) identified certain adjustments that were not recorded in its previously issued interim unaudited financial statements as of and for the six and three months ended June 30, 2009 and as of and for the nine and three months ended September 30, 2009 (collectively the "Original Filings"). Specifically, these adjustments arose from not adjusting the beneficial conversion feature ("BCF") for the change in the most preferable conversion price of the Company’s convertible debt that should have been effected as of June 1, 2009.
Under the terms of the Debenture Modification Agreement (“Agreement”) entered into by the Company and Vicis Master Fund Ltd. (“Vicis”) on November 21, 2008, pursuant to which Vicis invested $8 million in the Company, the Company reduced the conversion price on the convertible promissory notes held by Vicis to $0.015 per share. The Company and Vicis also agreed that, in the event that on the trading day immediately preceding June 1, 2009, the closing share price of the Company’s common stock, par value $0.01 per share (the “Common Stock”) was less than $0.10, the per share conversion price with respect to any amount then outstanding under the convertible notes would automatically be further adjusted to $0.01. The price of the Common Stock was greater than $0.10 on the trading day immediately preceding June 1, 2009, and therefore no further adjustment of the conversion price was warranted.
Initially, the Company recorded a BCF of $12,500,000 and began amortizing the BCF as of November 21, 2008. The Company utilized a per share conversion price of $0.01 as it was the most favorable conversion price for Vicis. The closing price on November 21, 2008 of a share of the Company’s Common Stock was $0.02. As stated above, the closing price of the Company’s Common Stock on the trading day preceding June 1, 2009 was above $0.10, and therefore, the conversion price utilized to determine the BCF should have been adjusted to $0.015, and, effective June 1, 2009, the Company should have re-calculated the BCF of the outstanding convertible notes using a per share conversion rate of $0.015 (rather than the $0.01 per share rate utilized in November 2008). Accordingly, the BCF has been recalculated as of June 1, 2009 to be $4,166,667.
Not adjusting the conversion price to $0.015 as of June 1, 2009 in determining the value of the BCF gave rise to the need to restate the Original Filings. The resulting non-cash corrections are not the result of any new information related to the convertible notes or any other external event. These corrections pertain only to the valuation and of recognition of the BCF and the resulting non-cash impact on convertible debt, non-cash interest expense and net loss. These adjustments had no impact on the Company’s cash flows from operating, investing or financing activities.
Accordingly, the Company intends to restate its financial statements as of and for the six and three months ended June 30, 2009 (the “June Financial Statements”) and as of and for the nine and three months ended September 30, 2009 (the “September 30 Financial Statements”; together with the June Financial Statements, the "Financial Statements") in order to provide for the adjustment to the BCF as described above.
The aggregate net effect of the restatement of the June Financial Statements is to decrease both non-cash interest expense and net loss for the six and three months ended June 30, 2009 by $533,670 and to decrease the discount on convertible debt and increase stockholders’ deficit by $7,799,663 as of June 30, 2009. The net loss per common share (basic and diluted) for the six and three months ended June 30, 2009 remains unchanged. The restatement of the June Financial Statements has no effect on operating loss nor on cash flow for the six months ended June 30, 2009.
The aggregate net effect of the restatement of the September Financial Statements is to decrease both non-cash interest expense and net loss for the nine and three months ended September 30, 2009 by $3,490,907 and $2,957,238, respectively, and to decrease the discount on convertible debt and increase stockholders’ deficit by $4,842,426 as of September 30, 2009. The net loss per common share (basic and diluted) for the nine months remains unchanged and decreased by $0.01 per share for the three months ended September 30, 2009. The restatement of the September Financial Statements has no effect on operating loss nor on cash flow for the nine months ended September 30, 2009.
The Company’s management presented its recommendation to restate the Financial Statements to the Audit Committee of the Company’s Board of Directors. The Audit Committee concluded that the previously issued Financial Statements should be restated.
The foregoing matters have been discussed with the Company’s independent registered public accounting firm, Rotenberg Meril Solomon Bertiger & Guttilla, P.C.
BSOI...a little bit of volume cometh...
1.01 1000 OBB 10:13:13
0.51 2500 OBB 12/28
0.17 100 OBB 12/16
0.21 2500 OBB 12/16
0.21 2000 OBB 12/16
0.21 2000 OBB 12/16
0.17 500 OBB 11/11
0.17 11887 OBB 11/05
0.17 500 OBB 10/30
0.15 100 OBB 06/24
0.25 700 OBB 02/20
0.51 2500 OBB 11/03
0.51 2500 OBB 11/03
0.51 2400 OBB 10/30
0.51 2400 OBB 10/30
0.51 3000 OBB 10/24
0.51 2600 OBB 10/09
0.51 2500 OBB 10/09
0.51 100 OBB 10/08
0.51 100 OBB 10/08
0.51 2500 OBB 10/01
0.81 500 OBB 10/01
0.51 2500 OBB 08/29
0.51 350 OBB 08/11
0.62 2500 OBB 08/11
0.51 100 OBB 06/23
0.51 750 OBB 06/12
0.66 500 OBB 06/06
0.66 500 OBB 06/06
0.51 750 OBB 06/06
From the 10q:
In September 2009, we and Duke Energy entered into a long-term agreement to supply to Duke Energy for deployment over Duke Energy's electric power distribution grid Ambient's latest X-series smart grid nodes as the central communications technology to transmit data from residential and commercial smart meters and other applications back to the utility's network operations center as part of Duke Energy's smart grid initiative. The Agreement also provides for a license of the node software and the network management system software to operate and manage the products and for maintenance services and support to be provided by Ambient for which Duke Energy will pay Ambient a maintenance fee after a stated warranty period. The Agreement is in effect until December 31, 2015 subject to various rights of the parties to terminate the Agreement prior to such time. Ambient has agreed to provide maintenance services potentially extending for ten years after the termination of the Agreement if Duke Energy continues to pay for such maintenance services. The Agreement continues the relationship that Ambient has had with Duke Energy since 2005 involving various pilot programs and other commercial deployments. The Company received blanket purchase orders for approximately $2.5 million to purchase the Company's X-series smart grid node. The node will begin shipping in the fourth quarter of 2009.
http://biz.yahoo.com/e/091116/abtg.ob10-q.html
More likely a planned deployment/ purchase order with the Duke.
imo
ABTG: Confidential Treatment Order Filing:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
December 4, 2009
ORDER GRANTING CONFIDENTIAL TREATMENT
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Ambient Corporation
File No. 000-23723 - CF#24420
_____________________
Ambient Corporation submitted an application under Rule 24b-2 requesting confidential treatment for information it excluded from the Exhibits to a Form 10-Q filed on November 16, 2009.
Based on representations by Ambient Corporation that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit(s) will not be released to the public for the time period(s) specified:
Exhibit 10.1 through December 31, 2015
For the Commission, by the Division of Corporation Finance, pursuant to delegated authority:
Kathleen Krebs
Special Counsel
http://www.sec.gov/Archives/edgar/data/1047919/999999999709027141/filename1.pdf
NCVT>>>Time & Sales
Price Size Exch Time
0.51 1425 OTO 07/31
0.51 201 OTO 12/18
1.50 100 OTO 11/21
1.01 101 OTO 11/20
0.51 250 OTO 07/31
0.51 100 OTO 04/01
0.75 100 OTO 03/11
0.75 1602 OTO 03/04
0.75 782 OTO 02/22
0.75 986 OTO 02/08
0.75 125 OTO 02/05
1.01 196 OTO 01/07
t 1.01 500 OTO 01/07
1.01 695 OTO 01/04
1.30 190 OTO 10/30
1.20 190 OTO 10/30
1.30 1000 OTO 10/19
1.55 100 OTO 10/08
2.49 200 OTO 09/06
1.55 985 OTO 08/22
1.25 200 OTO 08/22
1.75 650 OTO 07/17
1.55 190 OTO 07/16
1.75 500 OTO 07/16
1.05 150 OTO 07/02
1.05 500 OTO 07/02
0.65 118 OTO 06/15
No kidding, almost $12k for shareholder relations...huh?
I thought we were the only two shareholders...lol.
We should have gotten that 12k for keeping the board warm.
From the recent 10q:
The application of the going concern basis is dependent on the continued support of Andus Inc., the majority shareholder, who has committed to support the Company financially for its normal management and corporate expenses at levels of present expenditures until August 1, 2010. Management continues to pursue other business opportunities for the Company including merger opportunities with other businesses, which may result in a reverse-take-over of the company. However, there is no guarantee that management will be successful in their endeavours.
http://ih.advfn.com/p.php?pid=nmona&cb=1257348286&article=39435056&symbol=NB%5EBSOI
gl
from April's PR:
Bel and Ambient have design engineers dedicated to identifying, developing, and ultimately manufacturing optimized solutions for Ambient’s utility clients. An aggressive development program enabling rapid and timely delivery of volume orders has been established to support next-generation communications node development and delivery. Together, the two companies are well positioned to successfully launch present and future products of the Ambient Smart Grid™ product line.
http://ih.advfn.com/p.php?pid=nmona&cb=1256924655&article=37274375&symbol=NB%5EABTG
I don't know, Rose. Hopefully they're in production already...quick and dirty even.
These projects were supposed to be shovel ready, if I recall. Ambient submitted a letter of support for Duke's grant, which was already in the planning and regulatory approval stage before the push for stimulus funds.
Maybe we'll know more soon!
imo
gl
"There is a great opportunity for integration and collaboration of technology," said John Joyce, CEO of Ambient Corp., a 50-employee company in Newton, Mass., that builds smart grid communications devices. It is partnering with Duke Energy, which received a $200 million grant toward its $852 million project to roll out 1.4 million smart meters in Ohio, Indiana and Kentucky.
http://www.nytimes.com/cwire/2009/10/28/28climatewire-doe-grants-jump-start-the-smart-grid-toward-44552.html?pagewanted=print
Two-way communications will let those devices send status reports and be controlled remotely.
Indiana’s regulatory commission is poised to approve installing 800,000 smart meters there, since all the organizations that weighed in on the issue have assented, Arnold said.
Duke will initially buy 150,000 meters from Echelon in San Jose, Calif, that send data via PLC. The utility has been using Echelon gear, we reported previously (SGT, Aug-11).
It also plans to install an as-yet-undetermined number of nodes from Ambient, of Newton, Mass, to connect its networked devices in Ohio and likely in Indiana. The nodes will initially gather data from gas and electric meters, and, Duke hopes, eventually also from capacitors and recloser devices.
The nodes will be upgradeable to use Wi-Fi for communications within metered homes. Arnold declined to name the cellular network that will be used to connect the nodes to each other and to Duke’s back-office and control systems.
http://www.smartgridtoday.com/SGT091030_OF.pdf
BSOI...500 shares traded!
Great day in the morning!
It traded!!!
imo
Giant Grants for the Smart Grid
http://www.fool.com/investing/high-growth/2009/10/29/giant-grants-for-the-smart-grid.aspx
Toby Shute
October 29, 2009
Last month, we saw Uncle Sam (or Uncle Chu, to be more accurate) dish out $800 million in grants for alternative transportation and renewable energy projects. That was small potatoes compared to the grants unveiled by President Obama at FPL Group's (NYSE: FPL) DeSoto Next Generation Solar Energy Center earlier this week. The Smart Grid Investment Grant awards, part of the greater stimulus plan, weigh in at $3.4 billion.
Let's take a look at where our money is going.
Houston's CenterPoint Energy and Baltimore Gas & Electric, the regulated utility arm of Constellation Energy Group (NYSE: CEG), pulled down $200 million apiece for smart meter deployment in their respective cities. The "smart grid," being pushed by everyone from GE (NYSE: GE) to Google (Nasdaq: GOOG), is one vision of a path to reduce electricity consumption and increase the efficiency of this country's energy distribution network. Fresno, Calif., residents might tell you that smart meters are a total ripoff, and only drive rates higher. Whether boon or boondoggle, they're coming to a city near you.
In the realm of electric distribution systems, Consolidated Edison got the biggest grant, weighing in at $136 million. This will go toward implementing automation, monitoring, and two-way communication in Con Ed's New York/New Jersey service area.
There wasn't much funding allocated to the smart appliance category, but Whirlpool did walk away with a little cash to develop devices like smart dryers that modify electricity consumption in response to variable or time-of-use utility pricing.
Finally, in the integrated and/or crosscutting systems category, a catch-all for multifaceted smart grid deployment, big winners included Duke Energy (NYSE: DUK), Progress Energy, and of course FPL. Each picked up $200 million for their comprehensive projects.
While utilities caught the headlines, plenty of other companies stand to benefit from this government greening of the grid. Two names that spring to mind are Echelon (Nasdaq: ELON) and Quanta Services (NYSE: PWR), but perhaps you've got an even more compelling smart grid play. Go ahead and share an idea in the comments section below.
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On October 29, 2009, at 12:02 PM, whatafoolblieves wrote:
Another likely beneficiary of the Obamulus funds is Ambient Corp.(ABTG), a contender in smart grid communications development. Ambient is part of Duke's planned smart grid and have long standing projects established with ConEd also. They have developed a partnership with Ituran (ITRN), who also stands to sell more smart meters to the stimulated utilities. Ambient's recent development allows the integration of earlier smart meters into the forward design, reducing stranded equiptment losses.
http://www.ambientcorp.com/
Duke receives $204M for 'smart' grid technology
The Associated Press
Tuesday, October 27, 2009
CHARLOTTE, N.C. — Power company Duke Energy said Tuesday it has been awarded federal grants of $204 million, much of it to go toward modernizing its utility operations in Indiana and Ohio.
The award is part of the $3.4 billion in government support for 100 projects announced Tuesday by President Barack Obama.
Charlotte-based Duke said $200 million willgo toward its plans to install new "smart" meters for its 700,000 electric and 450,000 natural gas customers in Ohio and 800,000 electric customers in Indiana along with improvements to its power grid that include its transmission system. A separate grant of $4 million will make improvements to the grid for Duke's operations in the Carolinas.
Duke plans to spend $1 billion on the improvements in Ohio and Indiana as it looks to make its system more efficient and reliable.
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Oct 27, 2009 - 5:39 p.m. EDT
Copyright 2009, The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
http://www.rockymounttelegram.com/business/duke-receives-204m-for-smart-grid-technology-922118.html
Name of Awardee...........Consolidated Edison Company of New York, Inc.
Recovery Act Funding Awarded....................$136,170,899
Total Project Value Including Cost Share........$272,341,798
Headquarters Location for Lead Applicant.........New York, NY with addtl. benefits in NJ
Brief Project Description:
Deploy a wide-range of grid-related technologies, including automation, monitoring and two-way communications, to make the electric grid function more efficiently and enable the integration of renewable resources and energy efficient technologies.
http://www.energy.gov/recovery/smartgrid_maps/SGIGSelections_Category.pdf
Name of Awardee........... Duke Energy Business Services LLC
Recovery Act Funding Awarded............$200,000,000
Total Project Value Including Cost Share............$851,700,000
Headquarters Location for Lead Applicant...........Charlotte, NC with addtl. benefits in IN and OH
Brief Project Description:
Comprehensive grid modernization for Duke Energy’s Midwest electric system encompassing Ohio, Indiana, and Kentucky. Includes installing open, interoperable, two-way communications networks, deploying smart meters for 1.4 million customers, automating advanced distribution applications, developing dynamic pricing programs, and supporting the deployment of plug-in electric vehicles.
http://www.energy.gov/recovery/smartgrid_maps/SGIGSelections_Category.pdf
Duke will be getting the $200mil in the next couple of months for work that will take place over the next couple of years, according to Mr Whosit from DOE. It's unclear how much Ambient equiptment will be called for. Hopefully, we will find out soon. I think JJ is shovel ready.
gl