TMM, Inc. (OTCPINK: TMMI) saw its share volume skyrocket on May 21st with 8,131,536 share exchanging hands, nearly thirty times higher than its three month daily average volume of 271,804 shares.
This uptick in volume comes after TMMI, a technology company specializing in digital video compression and image management, announced that it has entered into a joint research program with Raytheon Company (RTN) to test the TRUDEF™ video compression technology owned by TMMI for a variety of applications in the Intelligence, Surveillance and Reconnaissance sector. Both companies have committed resources to the venture with the goal of finding solutions to reduce bandwidth costs and improve image quality.
"This is an exciting milestone for TMMI,” said Gerard V. Cavanaugh, TMMI’s CEO. “We have been working closely with Raytheon over the past year so that we can develop custom engineering solutions using TRUDEF video compression as a key component to improve the user experience and streamline integration into their customer’s ecosystem. It’s the next step in building a strong relationship."
TMMI closed at $.1752 on May 21st, 3.06% higher than its previous close of $.17.
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Sino Agro Food Appoints Olivia Lai As Chief Financial Officer
Sino Agro Food, Inc. (OTCQB: SIAF) saw its share volume jump on May 21st with 1,352,539 shares exchanging hands, double its three month daily average volume of 651,435 shares.
This kick in volume comes after Sino Agro Food, an integrated, diversified agriculture technology and organic food company, appointed Ms. Olivia Lai accepted the position of Chief Financial Officer.
CEO Solomon Lee commented, "I am very confident that Ms. Lai is the right person to serve the Company at the right time. I look forward to the shareholders getting to know Ms. Lai as I have. Further, I look forward to her help in accomplishing our ongoing and future corporate initiatives, guided by the same perseverance leading to her hire."
SIAF closed at $.515 on May 21st, 9.11% higher than its previous close of $.472.
Puget Technologies Sees Share Volume Soar
Puget Technologies Inc. (OTCQB: PUGE) saw its share volume soar on May 21st with 1,934,383 shares exchanging hands, four times higher than its three month daily average volume of 462,989 shares.
This jump in volume comes after Puget Technologies announced it has instructed its manufacturer, Shenzhen Weistek, to increase production of the IdeaWerk high performance 3D printer to meet growing demand. The initial order of the printers was quickly depleted during the early stages of the product rollout. The printer was recently launched in the domestic U.S. through Puget’s subsidiary, Weistek USA.
"Thanks to the growing popularity of the consumer 3D printing space and our user-friendly features, the IdeaWerk 3D printer is celebrating unprecedented success. We also are pleased about the trust and interest of consumers," said Gary Valentine, President and CEO of Puget. He added, "This first phase our strategy to grow by meeting the expanding demands for user-friendly 3D printers and associated products is very much on target."
PUGE closed the day at $.288 on May 21st, 10% lower than its previous close of $.32.
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