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TLAN News" Talent Alliance Announces New Client Contracts
http://www.marketwatch.com/story/talent-alliance-announces-new-client-contracts-2010-05-26?reflink=MW_news_stmp
AUSTIN, TX, May 26, 2010 (MARKETWIRE via COMTEX) -- Talent Alliance, Inc. (PINKSHEETS: TLAN) announced today that the Company has added Ascent Healthcare Solutions, Normandy Machine and Image First to its client list.
Ascent Healthcare Solutions chose to use Talent Alliance's wholly owned direct placement military transition services business, Soar Consulting, in order to hire professionals possessing the core intangibles of leadership, discipline, and integrity which give them a competitive edge in the marketplace. This edge continues to foster growth as an organization. By providing the highly sought after transitioning Junior Military Officers (JMOs) and senior enlisted personnel, Soar Consulting is able to help Ascent increase their recruiting and talent acquisition efficiencies and decrease their time away from the office on costly recruiting trips.
"The Company is currently experiencing increased levels of engagement to deliver this high value talent. Engagements include positions such as engineering, sales, project management, technicians, and leadership roles," says Talent Alliance's SVP of sales Chris Beck. "Companies have come off the sidelines since the start of year and hiring is picking up."
For more information please visit www.TalentAllianceIntl.com.
"EVSO News" EVSO Inks Letter of Intent with City of Brookshire, Texas for Solar Project
http://www.marketwatch.com/story/evso-inks-letter-of-intent-with-city-of-brookshire-texas-for-solar-project-2010-05-26?reflink=MW_news_stmp
THE WOODLANDS, Texas, May 26, 2010 (BUSINESS WIRE) -- Evolution Solar (PinkSheets:EVSO) announced today that the Company has just executed a Letter of Intent (LOI) with the City of Brookshire, Texas. The LOI memorializes the intent of the City of Brookshire to enter into an agreement with EVSO for a solar power lighting demonstration project. Both parties have agreed to use their best efforts to complete a definitive agreement for the project in the next 60 days.
The solar power lighting demonstration project is a step for Brookshire in the direction toward green initiatives. According to the LOI, Brookshire will be responsible for supplying the location for the project and will allow EVSO access to the project to use as a demonstration for potential EVSO customers.
Joey Vaughn, the Mayor of Brookshire stated he is "excited to be taking this first step with Evolution Solar and is looking forward to working with EVSO on additional initiatives."
Evolution Solar is also constructing a solar demonstration site in partnership with Texas Southern University, located at the University's Houston Campus. Multiple demonstration projects should help Evolution Solar acquire new business in a sector that is growing to compete in the energy industry, which includes Trina Solar /quotes/comstock/13*!tsl/quotes/nls/tsl (TSL 17.75, +0.60, +3.50%) , Massey Energy /quotes/comstock/13*!mee/quotes/nls/mee (MEE 32.20, +0.94, +3.01%) , Hess Corporation /quotes/comstock/13*!hes/quotes/nls/hes (HES 53.30, +1.06, +2.03%) and Enterprise GP /quotes/comstock/13*!epe/quotes/nls/epe (EPE 41.44, -0.42, -1.00%) .
"PSRU News" PureSpectrum Finalizes Contract with Internationally Recognized Consumer New Product Expert Dr. Gadget(R) to Represent Brand
Trusted voice of innovative consumer products will campaign for energy efficient lighting education and provide exposure for PureSpectrum's dimmable bulbs
http://www.marketwatch.com/story/purespectrum-finalizes-contract-with-internationally-recognized-consumer-new-product-expert-dr-gadgetr-to-represent-brand-2010-05-26?reflink=MW_news_stmp
SAVANNAH, Ga., May 26, 2010 (BUSINESS WIRE) -- PureSpectrum, Inc. /quotes/comstock/11k!psru (PSRU 0.02, 0.00, 0.00%) has finalized a contract that makes Dave Dettman, a.k.a. Dr. Gadget(R), a spokesperson for the company and enables the company's dimmable Compact Fluorescent Lamps (CFL) to gain access to widespread exposure via national television audiences as well as providing the company a global forum to educate the public about the importance of energy efficient lighting.
PureSpectrum president and CEO Lee Vanatta said the terms of the two-year agreement with Dr. Gadget(R) is category exclusive for lighting and dimmable CFLs. . The agreement has been in development for some time and has been structured to maximize exposure for the PureSpectrum brand and products as the company continues its efforts to establish a presence in major chain retail stores for its CFL product line.
Dr. Gadget(R) is a nationally known radio and television personality considered by many to be one of the top consumer technology product experts. Through regular appearances on national television programming such as the ABC talk show, The View, and top-rated entertainment news magazine show, EXTRA!, and being featured on other nationally televised shows such as The Tyra Banks Show and The Montel Williams Show, Dr. Gadget(R) has become a trusted voice for innovation in the female demographic which is uniquely critical to PureSpectrum's efforts to build brand familiarity and gain market acceptance.
"As the lighting landscape changes to meet new energy efficiency standard, PureSpectrum clearly will fill the void left by the legislated extinction of incandescent bulbs which will take place beginning in 2012," Dettman said. "Lighting as the consumer knows it is going to change, and PureSpectrum's high performance CFL products combine a high level of functionality with energy efficiency to create a product line that offers the pinnacle of performance and dependability. I'm truly excited about being a part of the team that will deliver the educational message as well as the solutions that consumers need."
PureSpectrum has engaged Dr. Gadget(R) not only to represent and promote its unique line of truly dimmable CFL products on television and through a variety of other marketing channels but also to educate the millions of people that hear his message about the importance of identifying high quality energy efficient lighting products. As the phase-out of the incandescent bulb approaches, PureSpectrum has introduced a line of CFL products that offer superior dimming, instant brightness, increased dependability and are engineered for high Power Factor. At the same time, the company is working through multiple channels to inform consumers about the transition to energy efficient lighting.
"Dr. Gadget(R) has earned a prominent position and considerable influence among consumers by consistently introducing high quality products, and he believes that PureSpectrum lighting products bridge a gap in the energy efficient lighting market," Vanatta said. "Working with Dr. Gadget(R) will provide PureSpectrum and its products with virtually unlimited opportunities to gain exposure for our brand and our products. At the same time, Dr. Gadget(R) is focused on educating the consumer about the transition toward energy efficient lighting that is taking place all around us and the details they need to make informed decisions. The exposure gained from Dr. Gadget(R) promoting the brand and the products makes the company even more attractive in the marketplace as we continue our efforts to place our products with distributors and retailers. PureSpectrum has always sought to be not only a provider of high quality, high performance lighting products but also a resource for the consumer to learn more about energy efficient lighting. Dr. Gadget(R) provides the company with a worldwide platform to promote our products and our message. We are making the transition to green lighting easier for the consumer by offering superior product performance and providing information that the consumer truly needs."
Dr. Gadget(R) has spearheaded consumer acceptance for hundreds of consumer technologies and household products, and he has represented consumer retail giants Toshiba, Samsung, Panasonic, Brookstone, Jardin, Wal-Mart, RCA and Oreck. The terms of Dr. Gadget's(R) agreement with PureSpectrum include Dr. Gadget representing PureSpectrum's brand in trade shows, print and broadcast advertising campaigns, new product launches and public service announcements.
"AZGS News" Aztec Announces Successful Completion of Two Additional Wells in Brown County, Texas
http://www.marketwatch.com/story/aztec-announces-successful-completion-of-two-additional-wells-in-brown-county-texas-2010-05-26?reflink=MW_news_stmp
HOUSTON, May 26, 2010 (GlobeNewswire via COMTEX) -- Aztec Oil & Gas, Inc. (Pink Sheets:AZGS) announced it has successfully completed two more wells, the Aztec Guthrie #2 and #3, in its initial 8 well program in Brown County, Texas. On May 11, 2010, Aztec announced the success of their first discovery well in this area. Aztec is currently in the process of equipping the initial two wells and placing them into production.
Initial field flow rates for the #1 well were 100,000 CFGPD/ 24 BOPD and 500,000 CFGPD/ 30 BOPD for the #2 well. The third well, the Aztec Guthrie #3, which is drilled to a deeper formation, is presently being swabbed and showing very favorable oil and gas production from the lower formation. The shallower formation, from which the #1 and #2 wells will be produced, is significantly present, uphole, in the #3 well. Through-spud drilling of the 4th well in the 8 well series commences today.
"Being able to drill wells less than 2,000 feet and see such strong results places Aztec and its drilling partnerships in a very favorable economic position," stated Waylan Johnson, President of Aztec Oil & Gas, Inc. "The ability to find 2-5 potentially productive pay zones at a total depth under 2,000 feet further supports the Aztec drilling partnership model for drilling shallow, low cost wells. Although Aztec's primary focus is oil, finding this kind of combined gas production at these depths, and possibly coupled with the potential of an end user contract, allows Aztec and its partnerships to benefit on a dual basis from each well," added Johnson.
Aztec is in a drilling venture in Brown County under which it owns 51% of the mutual interest wells being drilled in the area. The venture has thousands of acres available to drill and Aztec anticipates being in the area for many years.
"ECOS News" EcoloCap Solutions Inc. Announces Joint Venture Initial Agreement for Lithium X Battery Assembly and Distribution in Europe
http://www.marketwire.com/press-release/EcoloCap-Solutions-Inc-Announces-Joint-Venture-Initial-Agreement-Lithium-X-Battery-Assembly-OTC-Bulletin-Board-ECOS-1266457.htm
The agreement is the culmination of a weeklong visit by EcoloCap's management to The Netherlands, and would ensure European assembly of Lithium X batteries and distribution to an existing clientele, as well as entry into the European market.
BARRINGTON, ILLINOIS--(Marketwire - May 26, 2010) - EcoloCap Solutions Inc. (OTCBB:ECOS), an integrated network of environmentally-focused technology companies that utilize nanotechnology to develop efficient alternative energy solutions, today announced that it has signed a Letter of Intent with MEGES BV of The Netherlands to form a joint venture, ECOS/MEGES, that will assemble and distribute Lithium X batteries to their existing clientele and open the rest of the Western European and Russian markets.
"We're very enthusiastic about the proposed agreement with EcoloCap Solutions Inc. for us to assemble and distribute their Nano Lithium X Battery in Western Europe and Russia. Over a few days of testing in our facility, we realized right away the net superiority of the battery over any other in the market today. Part of our motivation is that we have an established customer base representing and immediate market of some 500,000 battery cells in the first year and we intend to set up a marketing plan to grow exponentially from there," said Roy Visser of MEGES BV.
Under the terms of the agreement, the Joint Venture Company will be owned 50% by MEGES BV and 50% by EcoloCap Solutions Inc. EcoloCap will grant the JV the exclusive technology rights to the Lithium X Battery for Western Europe and Russia, while MEGES BV will fully fund and manage the joint venture. The parties have agreed to fast-track the transaction and to complete a final agreement by June 15, 2010.
MEGES BV's principals are the major stakeholders of a number of European companies in energy related fields, namely Celectric BV (formerly Deta Batterijen BV) and Par Led Light BV. Both companies have their headquarters in The Netherlands and R&D and production facilities in Germany and Belgium.
"This is the first of a number of similar transactions we are presently evaluating in various geographical areas, namely America and Asia," said EcoloCap Solutions Inc. CEO Michael Siegel. "We are only considering AAA-rated companies in energy storage related businesses to help us rapidly get market share into established as well as penetrate new markets. Management has concluded that this is the fastest way to create shareholder value in the medium and long term."
Further information on EcoloCap Solutions Inc. and its products and services can be found at http://www.ecolocap.com.
"GRNO News" Green Oasis Environmental Inc. Announces That Custom Carbon Processing Inc. Signs Letter of Intent With Light Environmental
http://www.earthtimes.org/articles/show/green-oasis-environmental-inc-announces,1317470.shtml
EDMONTON, AB -- 05/26/10 -- Green Oasis Environmental, Inc. (PINKSHEETS: GRNO) is pleased to announce that Custom Carbon Processing, Inc., (CCP), a wholly owned subsidiary of Green Oasis Environmental Inc., has signed a Letter of Intent with Light Environmental, Inc., for the purposes of procuring slop oil. Light Environmental is a company that focuses on water treatment and cleaning tanks in various refineries throughout the United States and overseas. We are excited about this interaction as it will assist CCP for the purposes of our primary Business of oil reclamation. The natural fit between both companies will assist in generating increased revenues.
"I would like to thank all of our shareholders for their continued support and patience. We have been diligently working on our projects, financials, and operations. Our latest letter of intent with Light Environmental is one more sign that we are focused on continuing to expand our operations across the United States and gain market share. We will have information for our shareholders in the upcoming weeks that will better define the current status of CCP. My excitement continues to grow as things are really starting to take shape," stated Peter Margiotta, President/CEO.
"STSA News" Sterling Financial Corporation of Spokane, Wash., Announces U.S. Treasury Approval of Definitive Agreements with Warburg Pincus and Thomas H. Lee Partners
http://www.marketwatch.com/story/sterling-financial-corporation-of-spokane-wash-announces-us-treasury-approval-of-definitive-agreements-with-warburg-pincus-and-thomas-h-lee-partners-2010-05-26?reflink=MW_news_stmp
SPOKANE, Wash., May 26, 2010 (BUSINESS WIRE) -- Sterling Financial Corporation /quotes/comstock/15*!stsa/quotes/nls/stsa (STSA 0.95, +0.05, +5.56%) , ("Sterling"), the bank holding company of Sterling Savings Bank and Golf Savings Bank, today announced that it has received U.S. Treasury approval of Sterling's definitive investment agreements with private equity firms Warburg Pincus Private Equity X, L.P. ("Warburg Pincus") and Thomas H. Lee Partners, L.P. ("THL").
The terms of the Warburg Pincus and THL agreements are described in Sterling's press release of May 24, 2010. The transactions are conditioned upon each other and on the other closing conditions previously described.
About Sterling Financial Corporation
Sterling Financial Corporation of Spokane, Wash., is the bank holding company for Sterling Savings Bank, a commercial bank, and Golf Savings Bank, a savings bank focused on single-family mortgage originations. Both banks are state chartered and federally insured. Sterling offers banking products and services, mortgage lending, construction financing and investment products to individuals, small businesses, commercial organizations and corporations. As of March 31, 2010, Sterling Financial Corporation had assets of $10.56 billion and operated 179 depository branches throughout Washington, Oregon, Idaho, Montana and California. Visit Sterling's website at www.sterlingfinancialcorporation-spokane.com.
"ADLS News" Advanced Life Sciences Announces Restanza(TM) Shows Efficacy Against Malaria
http://www.prnewswire.com/news-releases/advanced-life-sciences-announces-restanzatm-shows-efficacy-against-malaria-94911754.html
Preclinical Results Show Greater Efficacy than Standard of Care Antibiotic
CHICAGO, May 26 /PRNewswire-FirstCall/ -- Advanced Life Sciences Holdings, Inc. (OTC Bulletin Board: ADLS), a biopharmaceutical company engaged in the discovery, development and commercialization of novel drugs in the therapeutic areas of infection, oncology and respiratory diseases, today announced positive results from in vitro and in vivo studies assessing the efficacy of Restanzaâ„¢ (cethromycin), its novel oral antibiotic, against the species of Plasmodium that cause malaria. In the in vitro study comparing Restanza to azithromycin, Restanza showed two to ten-fold greater efficacy against Plasmodium falciparum with the IC50 and IC90 levels, respectively, ranging from 0.2 to 2.7 and 0.6 to 6.2 ug/mL, regardless of chloroquine susceptibility. Most notably, in the in vivo study, Restanza showed 100% efficacy in treating mice infected with Plasmodium berghei and was approximately three-fold more potent than azithromycin at half of the same dose.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080218/ALSLOGO)
"These promising data underscore Restanza's demonstrated broad activity against multiple disease-causing infectious agents, including Streptococcus pneummoniae, a variety of pathogens that represent potential bioterror threats and, now, the species of parasites that cause malaria," said Michael T. Flavin, Ph.D., chairman and chief executive officer of Advanced Life Sciences. "We believe that Restanza represents a promising pipeline in and of itself, and we intend to continue to explore the wide range of its therapeutic potential. Our goal is to generate a portfolio of indications that we can develop and commercialize either on our own or in partnership with pharmaceutical companies with established anti-infective franchises."
"IACH News" Information Architects Completes Acquisition of TimerKing and Finishes First Installation
http://www.marketwire.com/press-release/Information-Architects-Completes-Acquisition-TimerKing-Finishes-First-Installation-1266430.htm
FORT LAUDERDALE, FL--(Marketwire - May 26, 2010) - Information Architects (PINKSHEETS: IACH) today announced that through their wholly owned subsidiary, IAGreen, it has completed the acquisition of all principal assets of CVGV, Inc., a New York corporation whose principal asset is TimerKing, a proprietary device which works on commercial pizza ovens to significantly reduce gas consumption. The company will market and distribute TimerKing through a newly formed subsidiary, Pizza Timer King.
CVGC designed and marketed TimerKing, an Energy Star Rated, energy efficient commercial and pizza oven timer. TimerKing products significantly reduce the energy usage of commercial pizza ovens and thereby qualify for the National Grid Utility Energy Efficiency Rebate Program. Currently, customers are receiving rebates of $1,000.00 for installing TimerKing energy saving timers, and thereafter realize the savings from lower monthly energy costs.
The company will market and distribute TimerKing through a newly formed subsidiary, "Pizza Timer King." The company completed their first TimerKing installation on May 17, 2010. It has been proven the TimerKing device can generate a substantial saving per month on the energy cost of the pizza oven for this pizzeria owner.
The company is in the process of building a sales force to distribute TimerKing throughout the greater New York Metropolitan area with a national roll out soon to follow. Pizza Timer King will also begin to expand current and new products to restaurants, bakeries, and foundries.
Commenting on the completion of this latest acquisition, William Craig, IACH acting CEO commented, "With the dual incentive of the low cost to install thanks to the National Grid Grant Program, and other similar grants, and the immediate potential energy savings to the business owners who use TimerKing we are anticipating a strong response to our sales efforts."
About IACH, Information Architects has re-identified itself as a distribution and marketing company through a number of distribution channels. IACH is focused in three major market segments:
1. Clean Tech through its wholly owned subsidiary IA Green,
2. Medical Devices,
3. Pet Products.
Over the last couple of months, IACH has identified several strategic acquisitions and senior management is dedicated to deploy its redefined business model. The company looks forward to updating its shareholders with these new and exciting opportunities in the upcoming weeks.
"HAFC News" UPDATE 2-S.Korea Woori to buy Hanmi Financial for $240 mln
* To buy minimum of $210 mln shrs at $1.20/shr
* Hanmi plans separate $120 mln rights offering * Hanmi to put "substantial" amount of proceeds into unit (Recasts, adds details, background)
SEOUL/BANGALORE, May 26 (Reuters) - Woori Finance Holdings (053000.KS) (WF.N) has agreed to buy a controlling stake in troubled U.S. lender Hanmi Financial Corp (HAFC.O) for up to $240 million, as South Korea's No. 3 banking group by market value moves to expand its operations in the United States.
Under the agreement Woori will purchase Hanmi common stock worth at least $210 million at $1.20 per share. The South Korean group has the option to buy an additional $30 million worth of common stock, Hanmi said in a statement.
Hanmi also plans to commence a separate $120 million rights offering and Woori is expected to own at least a majority of Hanmi when its deal closes.
Hanmi Financial intends to contribute a "substantial" amount of the net proceeds from the investment as new capital into its unit Hanmi Bank.
Hanmi Financial, which has been under regulatory orders to raise capital, had been required to increase its capital by $100 million and maintain a ratio of tangible shareholders' equity to total tangible assets of not less than 9 percent by July 31.
The Woori investment is subject to the approval of the Federal Reserve Board, the California Department of Financial Institutions and the Korean Financial Services Commission.
Earlier this year, Hanmi said its chairman had spoken to Woori, but had declined to comment on rumours that it was a potential takeout target. [ID:nN2276797]
The deal is expected to give Woori the opportunity to tap into the Korean-American community on the U.S. west coast, where Hanmi's bank unit operates, in addition to Woori's existing U.S. arm Woori Bank on the east coast.
The transaction is expected to close by July or August, pending approval from the authorities, a source close to the matter said.
"BYOC News" Beyond Commerce, Inc. Announces Letter of Intent to Acquire WebYES! LLC
http://www.prnewswire.com/news-releases/beyond-commerce-inc-announces-letter-of-intent-to-acquire-webyes-llc-94907059.html
Leading Online Ad Network and Lead Generation Company Adds $19.5 Million in Revenues to BYOC Growth
HENDERSON, Nev., May 26 /PRNewswire-FirstCall/ -- Beyond Commerce, Inc. (www.beyondcommerce.com) (OTC Bulletin Board: BYOC) today announced the signing of a Letter of Intent to acquire WebYES! LLC. (www.webyes.com). The Board of Directors of both companies has approved the acquisition and the transaction is anticipated to close within the next 30 business days.
WebYES! owns and operates a network of high-traffic web properties focused on finance, insurance, automotive products and services. The web properties contain advice for consumers and offer a variety of specialized products and services to suit their needs. With over 2,000 web publishers driving targeted traffic to its organic web properties, WebYES! connects interested consumers with nationwide advertisers.
In 2009 WebYES! had $19.5 million in revenues and $3.5 million of EBITDA. Currently, WebYES! is exceeding last year's revenues in a year-to-date comparison. In the first quarter of 2010, WebYES! had over 2,000,000 unique visitors to web sites such as www.zipinsurancerates.com, www.fastcashmatch.net, www.debtmatch.net, www.findyourcustomers.com, and www.aplusautoprotection.com , and has generated over 400,000 targeted customers.
"We are very excited about becoming an integral part of Beyond Commerce," states Brett Cravatt, CEO and Founder of WebYES!. "In order to further improve our lead quality and results for our advertisers, we will leverage the proprietary customer acquisition platform that Beyond Commerce has acquired through its recent purchase of AdJuice (www.adjuice.com)."
"We look forward to working closely with the seasoned management team at Beyond Commerce in order to build a large portfolio of highly valuable Internet assets," adds Cravatt. "Working together will allow us to leverage each others' efficiencies and strengths, thereby leading us towards the realization of maximum value for consumers as well as our advertisers."
Today, the Internet accounts for approximately 20 percent of overall media consumption in the United States, but advertisers invest only 7.5 percent of their budget online. As a result, there is tremendous upside potential for marketplace growth as advertisers steadily bridge the gap.
By 2011, nearly 25 percent of all media consumption will be online, drawing 15 percent of total advertising dollars. According to the Yankee Group, the online advertising market is expected to reach $50.3 billion in revenue by 2011 in the U.S. alone, more than doubling year 2007 levels. This 24 percent annual growth trend is expected to continue as brands increase online ad expenditures and publishers improve ad targeting, inventory and yield management.
"To capitalize on this vast opportunity, Beyond Commerce has repositioned itself as a media company as well as a technology e-commerce platform provider," states Beyond Commerce CEO Robert McNulty. "We are currently in discussions with several other media companies involved in mobile ad networking, online advertising and local advertising. These discussions could result in potential acquisitions totaling as much as $100 million in combined annual revenues, which would also include all the benefits and advantages of bringing together a number of experienced executives and professionals to manage and operate this exciting new combined entity."
"We believe there are numerous market segments in the ad networking, online advertising and local advertising space industries which are extremely fragmented," McNulty notes. "There is a tremendous amount of potential for unlimited growth opportunities for companies with a successful roll-up strategy."
"MMTC News" MIT Contracts OSI Optoelectronics to Manufacture the MIT 1000 Rapid Microbial Identification System
http://www.marketwatch.com/story/mit-contracts-osi-optoelectronics-to-manufacture-the-mit-1000-rapid-microbial-identification-system-2010-05-26?reflink=MW_news_stmp
SAN CLEMENTE, CA, May 26, 2010 (MARKETWIRE via COMTEX) -- Micro Identification Technologies, Inc. /quotes/comstock/11k!mmtc (MMTC 0.05, 0.00, 0.00%) announced that it has signed an Agreement with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems /quotes/comstock/15*!osis/quotes/nls/osis (OSIS 25.85, +1.28, +5.21%) to manufacture its microbial rapid identification system, the MIT 1000. OSIO has manufacturing facilities in California, Malaysia and India. "All of OSIO's world class facilities are ISO 9001:2000 certified and FDA registered and GMP compliant making them a perfect company to fabricate MIT's systems for its current food safety applications and its planned pharmaceutical and clinical diagnostic applications," stated John Ricardi, MIT's Executive Vice President and Chief Operating Officer. In addition, OSIO fabricates the photodiode detectors that are used in the MIT 1000 and has the ability to supply other components. OSIO's vast experience in MIT's targeted markets will also enable them to assist MIT in future product designs to both accelerate and ensure those products meet the stringent requirements of those industries. "We are pleased to work with MIT as we feel their innovative product will become a valuable tool to help prevent widespread bacterial contamination," stated Manoocher Mansouri, OSIO's President.
MIT currently produces the MIT 1000 Rapid Microbial Identification (ID) System that can identify bacteria in less than five minutes after culturing at a cost less than 10 cents per test.
Off to lunch guys can someone else post L2 updates.
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