Network-1 Technologies, Inc. (OTCQB: NTIP) saw it share volume skyrocket on May 23rd with 1,520,105 shares exchanging hands, 68 times higher than its three month daily average volume of 22,156 shares.
This jump in volume comes after Network-1 Technologies announced that the Patent Trial and Appeal Board ("PTAB") of the United States Patent and Trademark Office ("USPTO") issued its decision in favor of Network-1 in the pending Inter Partes Review ("IPR") rejecting a challenge to the patentability of Network-1's Remote Power Patent (U.S Patent No. 6,218,930).
The Remote Power Patent covers the remote delivery of power over Ethernet networks and has generated licensing revenue in excess of $60 million from May 2007 to date. Network-1 currently has sixteen (16) license agreements with respect to its Remote Power Patent, which include, among others, license agreements with Cisco Systems, Inc., Cisco Linksys, Inc., Extreme Networks, Inc., Netgear Inc., Motorola Solutions, Inc., Allied Telesis, Inc., NEC Corporation and several other data networking vendors.
"We are very pleased with the IPR decision by the PTAB," said Corey M. Horowitz, Chairman and CEO of Network-1. "We believe the reexamination proceeding provides Network-1 with an opportunity to further validate our Remote Power Patent, " he added.
NTIP closed the day at $1.73, 13.82% higher than its previous close of $1.52.
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Quest Products Sees Share Volume Surge
Quest Products Corp. (OTCPINK: QPRC) saw its share volume surge on May 23rd with 7,265,133 shares exchanging hands, 105 times higher than its three month daily average volume of 68,763 shares.
With no recent news on the company, one can only speculate why this uptick in share volume occurred, but here is what is known about the company:
Quest Patent Research Corporation operates as an intellectual property asset management firm. The company offers IP valuation, licensing/royalty stream management, patent prosecution, legal advisory, and partial or full liquidity services to inventors/owners; and portfolio evaluation and maintenance, licensing royalty stream generation, attorney/investor referral, and patent acquisition/liquidation services to corporate partners. It also provides flexible contingency fee arrangements, case/client referral, client generation, due diligence, and local counsel referral services to law firms.
QPRC closed the day at $.0205, 205.97% higher than its previous close of $.0067.
Blue Earth Announced First Quarter Financial Results
Blue Earth, Inc. (OTCQB: BBLU) saw its share volume rise on May 22nd with 157,237 shares exchanging hands, higher than its three month daily average volume of 108,483 shares.
This slight uptick in volume comes after Blue Earth announced its financial results for the first quarter of 2014.
Total consolidated revenue for the first quarter of 2014 was $3,234,217, an increase of $1,070,887 or 49.5%, when compared with consolidated revenue of $2,163,330 for the first quarter of 2013. The current revenues represent sales from the Company's divisions, Blue Earth Solar ($1,826,309) Blue Earth Energy Management Services ($1,355,049) and Blue Earth Energy Power Solutions of ($52,859). Total consolidated gross profit for the first quarter of 2014 was $1,445,908 or 44.7% of revenues, when compared to $719,723 or 33.3% of revenues for the first quarter of 2013. Blue Earth Energy Management Services had a gross profit $818,366 or 60.4% compared to $624,900 or 34.2% for Blue Earth Solar and Blue Earth Energy Power Solutions of $1,984 or 3.8%.
"The increase in our revenue for our energy efficiency, solar construction and maintenance operating segments was approximately as expected for the quarter. It is anticipated that most of our increased revenue forecast for 2014 will occur in the last two quarters of the year, with the fourth quarter expected to be the highest revenue quarter by a substantial amount. We are pleased to see the increase in consolidated gross profit. It is anticipated that there will be less non-cash expenses associated with employee compensation as we move forward, although amortization and depreciation expenses should increase as we build, operate and own the CHP power plants that are expected to make us a significant independent power producer," stated Johnny R. Thomas, CEO of Blue Earth, Inc.
BBLU closed the day at $2.65.
Sino Agro Food, Inc. Appoints Olivia Lai as Chief Financial Officer
Sino Agro Food, Inc. (OTCQB: SIAF) saw its share volume remain strong on May 23rd with 760,135 shares exchanging hands, slightly higher than its three month daily average volume of 660,162 shares.
Sino Agro Food, an integrated, diversified agriculture technology and organic food company with principal operations as primary producer, processor, and marketer in the People's Republic of China, recently announced that Ms. Olivia Lai has 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 the day at $.43, 10.4% lower than its previous close of $.4799.
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