Tag Archives: CAD

Women and heart disease: more deaths, less care

Coronary artery disease (CAD) kills more women than men each year, yet women are still not receiving as many preventive recommendations as men, according to a paper published in Global Heart. Researchers from Ohio State University wanted to analyze the risk for CAD in women, as well as its impact and female-specific strategies for treatment… …read more

Source: FULL ARTICLE at Medical News Today

Riverbed's updated Granite to bring more power to branch sites

For many organizations with far-flung operations, total centralization through cloud storage and computing isn’t possible despite advancing technologies and rising network speeds.

Riverbed Technologies set out to help those enterprises last year with its Granite architecture. Granite, which consists of core and edge appliances and software, lets organizations centralize storage and data protection functions while still running applications and keeping a cache of often-used data at each branch. It uses Riverbed technology for more efficient transfers of data across networks, and it can also aid offline operation if a branch is temporarily cut off. An update to Granite, set to be announced Monday, brings more powerful branch appliances and other enhancements to the system.

One company that relies on Granite is Alamos Gold, a Toronto-based gold production company with operations in Mexico and Turkey. Its branch offices are so remote that they need microwave wireless links to reach the nearest wireline network. Those connections are vulnerable to adverse weather. An even bigger challenge is the cost of high-speed wired links in the countries where Alamos’ branch sites are located, according to Rohit Tellis, director of IT at Alamos.

Because of slow network speeds, file access and printing were hard for remote Alamos employees, who regularly deal with large amounts of geologic data and use CAD for engineering, Tellis said. So the company set up Granite appliances at its branches, each of which needs fast access to about 1TB to 5TB of heavily used data.

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Source: FULL ARTICLE at PCWorld

Orko and Coeur Announce Election Report

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Orko and Coeur Announce Election Report

VANCOUVER, British Columbia & COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Orko Silver Corp. (“Orko”) (TSX-V: OK) (Frankfurt: OG3) (OTCUS: OKOFF) and Coeur d’Alene Mines Corporation (“Coeur”) (NYS: CDE) (TSX: CDM) are pleased to provide an update regarding the consideration to be received by Orko shareholders pursuant to the previously announced plan of arrangement (the “Arrangement”) whereby Coeur will acquire all of the issued and outstanding common shares of Orko (the “Orko Shares”). As previously announced, the Arrangement was approved by Orko shareholders yesterday.

Orko and Coeur received an election report from Computershare Trust Company of Canada setting out the number of common shares of Coeur (the “Coeur Shares“), warrants to purchase Coeur Shares (the “Coeur Warrants“) and/or cash consideration that each Orko shareholder will be entitled to receive pursuant to the Arrangement, after proration, as follows:

  • Orko shareholders who have elected or are deemed to have elected to receive the cash and share consideration will receive $0.70 cash, 0.0815 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held;
  • Orko shareholders who have elected to receive the share consideration will receive 0.1118 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held; and
  • Orko shareholders who have elected to receive the cash consideration will receive $0.74 cash, 0.0797 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held.

The cash consideration alternative was oversubscribed, and pursuant to the proration methodology established under the Arrangement, Orko shareholders who have elected to receive the cash consideration will receive the cash, Coeur Shares and Coeur Warrants as described above.

Pursuant to the Arrangement, Orko shareholders will receive total cash consideration of CAD$100 million, 11,572,918 Coeur Shares and 1,588,768 Coeur Warrants. Following the completion of the Arrangement, the current Orko shareholders will hold approximately 11% of the issued and outstanding Coeur Shares (prior to the exercise of the Coeur Warrants). The Coeur Warrants will trade under the symbol “CDE.WS” on the NYSE and “CDM.WT” on the TSX. Trading is expected to commence on April 17, 2013 on both exchanges.

Orko will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday, April 12, 2013 and, assuming receipt of court approval and the satisfaction

From: http://www.dailyfinance.com/2013/04/11/orko-and-coeur-announce-election-report/

Canadian Jeweler Selling 16-Carat Yellow Diamond Ring For Nearly $1.8 Million

By Anthony DeMarco, Contributor

Goodwood Estate map

A Birks jewelry store in Edmonton, Canada, is selling a 16.01-carat fancy intense yellow diamond set on a diamond pavé platinum ring. The natural colored, Asscher cut, VVS1 diamond was recently discovered and is conflict-free, according to the Birks jewelry chain. The ring is on sale for CAD$1.8 million ($1.77 million). …read more

Source: FULL ARTICLE at Forbes Latest

Dell Introduces Industry's First Automated Workstation Software to Improve Application Performance

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Dell Introduces Industry’s First Automated Workstation Software to Improve Application Performance

  • Dell Precision Performance Optimizer simplifies, automates and optimizes Dell Precision workstation settings to maximize application performance
  • Software can improve application performance by up to 57 percent¹
  • Application profiles available for Autodesk Maya, PTC Creo® and Dassault SolidWorks with other profiles available soon

ROUND ROCK, Texas–(BUSINESS WIRE)– Dell today announced Dell Precision Performance Optimizer (DPPO), the industry’s first software that automatically configures Dell Precision workstation settings to maximize performance of engineering, design and digital content creation applications. DPPO is preloaded with profiles for popular applications such as Autodesk Maya, PTC Creo and Dassault SolidWorks and once activated automatically adjusts system settings to optimize performance. Additional features include proactive system maintenance and tracking and reporting of system utilization – helping Dell Precision customers enhance and speed up their design and render times.

Dell Precision Performance Optimizer is an extension of Dell’s existing workstation tools designed to provide customers maximum performance and dependability so they can remain focused on being creative. For example, as part of the Dell Precision Technology Program, Dell engineers work closely with technology partners to architect, design and test joint solutions providing customers assurance that their hardware is compatible and optimized for their software. Dell also develops and provides recommended configurations for customers’ specific software and workflows through the Dell Precision Workstation Advisor. Dell Precision Performance Optimizer is the next step in Dell serving as the trusted advisor to help customers maximize efficiency and productivity.

Dell Precision Performance Optimizer offers three main features to enable comprehensive yet simplified system optimization and eliminate the guesswork from adjusting system settings:

  • Automatic Performance OptimizationDPPO comes preloaded with predefined performance profiles for popular applications such as Autodesk Maya, PTC Creo and Dassault SolidWorks. Unlike other tools, once activated, the software automatically adjusts system configurations such as CPU, memory, storage, graphics and operating system settings whenever a supported application is launched. This allows workers to quickly improve workstation performance when switching between applications and projects, like moving from rich animation projects to detailed CAD design. Based on Dell testing and benchmarking, users can experience up to 57 …read more
    Source: FULL ARTICLE at DailyFinance

Norsat Awarded $13.3 Million (CAD) Repayable Government Contribution for Research and Development

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Norsat Awarded $13.3 Million (CAD) Repayable Government Contribution for Research and Development

Funding from the Strategic Aerospace and Defence Initiative (SADI) will support the development of innovative communications technologies

VANCOUVER, British Columbia–(BUSINESS WIRE)– Norsat International Inc. (“Norsat” or “the Company”) (TSX: NII and OTC BB: NSATF), a leading provider of innovative communication solutions that enable the transmission of data, audio and video for challenging applications and environments is pleased to announce the award of a $13.3 million (CAD) repayable contribution from the Strategic Aerospace and Defence Initiative (SADI). The contribution will enhance Norsat’s strategic research and development program and enable the Company to maintain a leadership position in the development of innovative new or improved communications products, services and processes.

Norsat’s research and development program is focused on communications technologies that provide militaries, governments, and commercial customers around the world with connectivity in locations or applications in which infrastructure is unreliable, damaged, insufficient or non-existent. These solutions are ideally suited for use in challenging environmental or technological conditions on a temporary, extended or permanent basis.

Overall the contribution will enable Norsat to develop new communications technologies, expand existing lines of microwave products, satellite terminals, and antennas and filters, and maintain competitiveness in existing markets. These development projects will also assist the Company in becoming more competitive for entry into other growing markets. The contribution provides spin-off benefits with opportunities for Norsat to work collaboratively with university researchers and develop stronger channel relationships with the local suppliers of components used in new technologies.

“Norsat has a long history of excellence in research and development, and the contribution from SADI ensures we remain at the forefront of communications technology development,” states Norsat’s President & CEO, Dr. Amiee Chan. “Through a 2008 contribution from SADI, we have developed over 20 products for the satellite and wireless markets, including our industry leading GLOBETrekker™ 2.0 fly-away satellite terminal, and we anticipate making further advances through this new contribution. The relationship with SADI has been a major benefit to our R&D program, and we look forward to using this funding to collaborate with universities and channel partners as we continue to develop technology that enables our customers to remain connected wherever they go.”

The contribution from SADI will further six major projects, including the development of:

Liquidmetal Technologies Launches New Corporate Website

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Liquidmetal Technologies Launches New Corporate Website

RANCHO SANTA MARGARITA, Calif.–(BUSINESS WIRE)– Liquidmetal® Technologies, Inc. (LTI) (OTCQB:LQMT), the leading developer of amorphous alloys, has launched its new corporate website at www.liquidmetal.com.

The new website features expanded content and an updated design to enhance the user experience on any device. With its intuitive interface and simple search functionality, visitors are able to quickly find a wealth of information about the company’s proprietary technologies, history and industry partners.

The new website provides existing and prospective customers detailed information and supporting materials on the performance advantages offered by Liquidmetal alloy technology, as well as explore its many potential applications. The site also allows design engineers to download resources like design guides or white papers, and conveniently upload CAD files for review by engineers and scientists.

According to Dennis Ogawa, Liquidmetal Technologies‘ vice president of marketing: “In addition to providing more intuitive access, our new website also reflects our refreshed branding and positioning as the only company to produce amorphous alloys in commercially viable bulk form, enabling dramatic improvements in product manufacturing and performance across a wide array of industries.”

The company’s blog features new content and articles published by industry professionals covering the numerous applications and advantages of the unique amorphous alloy. The blog invites expert discussion on how its patented Liquidmetal alloy is redefining the world of precision parts manufacturing for a wide range of major industries and applications.

Visit Liquidmetal Technologies new corporate website today at www.liquidmetal.com to learn more about the company and its revoluationary technology.

About Liquidmetal Technologies

Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the leading developer of bulk amorphous alloys that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries. For more information, go to www.liquidmetal.com.

Liquidmetal Technologies, Inc.
Otis Buchanan
Media Relations
Liolios Group, …read more
Source: FULL ARTICLE at DailyFinance

iCAD Announces FDA Clearance of Cervical Applicator for Xoft Electronic Brachytherapy System

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iCAD Announces FDA Clearance of Cervical Applicator for Xoft Electronic Brachytherapy System

NASHUA, N.H.–(BUSINESS WIRE)– iCAD, Inc. (NAS: ICAD) , a leading provider of advanced imaging and radiation therapy technologies for the detection and treatment of cancer, today announced that the company received U.S. Food and Drug Administration (FDA) clearance for its new cervical applicator for use with its Xoft® Axxent® Electronic Brachytherapy System®to deliver high dose rate brachytherapy for intracavitary treatment of cancer of the uterus, cervix, endometrium and vagina.

The regulatory clearance of Xoft’s cervical applicator will help address an unmet need for improved cervical cancer treatment on a global level. According to the World Health Organization, cervical cancer is the second most common cancer in women worldwide, with about 500,000 new cases and 250,000 deaths each year.

“The addition of the cervical applicator broadens our gynecological product offering to provide treatment for patients with cervical or endometrial cancers. This regulatory clearance further demonstrates the advantages of the Xoft System platform which is also being used today in the treatment of certain breast and skin cancers,” said Ken Ferry, iCAD’s CEO.

Xoft’s cervical applicator is designed to treat locally advanced stage cervical cancer in combination with the Xoft System by delivering the prescribed radiation dose to the uterus, and cervix, endometrium and vagina with reduced radiation exposure to the surrounding healthy tissue. Brachytherapy is an important component in the curative management of cervical cancer and significantly improves survival.

The Xoft System is a mobile, isotope-free alternative to radionuclide-based high-dose radiation (HDR) brachytherapy and eliminates several logistical shortcomings associated with isotope, linear accelerator and external beam x-ray based radiation systems.

Xoft also recently received FDA clearance for an upgraded Xoft System controller capability that will support the cervical applicator and offer enhanced platform features.

About iCAD, Inc.

iCAD is a leading provider of advanced image analysis, workflow solutions and radiation therapies for the early identification and treatment of common cancers. iCAD offers a comprehensive range of high-performance, upgradeable CAD solutions for mammography and advanced image analysis and workflow solutions for Magnetic Resonance Imaging, for breast and prostate cancers and Computed Tomography for colorectal cancer. iCAD’s Xoft System, offers radiation treatment for early-stage breast cancer that can be administered in the form of intraoperative radiation therapy or accelerated partial breast irradiation. The Xoft System is also cleared for the …read more
Source: FULL ARTICLE at DailyFinance

Proto Labs Helps Bring Maze-O Closer to the Masses

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Proto Labs Helps Bring Maze-O Closer to the Masses

Maze building toy named Cool Idea! Award recipient

MAPLE PLAIN, Minn.–(BUSINESS WIRE)– Maze-O, a colorful plastic maze building set, is one step closer to hitting toy store shelves thanks to Proto Labs (NYS: PRLB) , which awarded the start-up a Cool Idea! Award.

Cool Idea! Award winner, Maze-O builds great tracks for cars and other toys. (Photo: Jessica Friedman of Maze-O)

Proto Labs, the world’s fastest manufacturer of CNC machined and injection molded parts, launched the Cool Idea! Award in 2011 to give product designers the opportunity to bring their innovations to life by awarding up to $250,000 worth of prototyping and short-run production services to recipients. Maze-O is the first toy to receive the award. Proto Labs provided Maze-O with injection molded parts for the initial working prototypes used to market the toy to potential distributors at New York City’s Toy Fair 2013 in February.

The Maze-O journey began in 2012 when Dan and Jessica Friedman discovered that their son loved creating mazes with wooden blocks. Those mazes would inevitably be knocked over by younger siblings, causing great frustration. The Friedmans set out to find a sturdy maze-building toy with pieces that linked together so that it could be used with cars and other toys. Unable to find such a toy, they decided to create it themselves. The result is a set of brightly colored ramps, straights, turns, T-junctions, and dead-ends.

“Mazes are everywhere in a kid’s world—restaurant placemats, cereal boxes, and even computer games—but there is no physical play kit that kids can use to build original mazes,” says Jessica Friedman, Maze-O co-creator. “Kids are creative and many enjoy completing mazes and puzzles. It was a sort of light bulb moment that went off in our heads believing a toy like this can exist.”

The Friedmans downloaded CAD software, bought a 3D printer, and began designing. The original design produced chunky pieces, and if everything went smoothly, one set of Maze-O pieces could take three days to print. In addition, the 3D printed parts were not strong enough to hold up to active play. In order to be ready to pitch the product at Toy …read more
Source: FULL ARTICLE at DailyFinance

Hecla Urges Aurizon Shareholders Not to Tender to Alamos and to Withdraw Tendered Shares

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Hecla Urges Aurizon Shareholders Not to Tender to Alamos and to Withdraw Tendered Shares

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) (Hecla or the Company) urges Aurizon shareholders to continue withdrawing shares tendered to Alamos’ inadequate bid and not to tender any new shares to the bid. Aurizon Mines Ltd. (Aurizon) announced yesterday that the British Columbia Securities Commission (the Commission) has cease traded Aurizon’s shareholder rights plan which means that today is the day shareholders can show Alamos their bid is inferior. All currencies are in CAD$ unless otherwise noted.

“The decision shareholders have to make is whether they want to tender into an Alamos bid that is $0.29 per share less than the Hecla deal and $0.14 less than Aurizon’s current share price,” said Phillips S Baker, Jr., Hecla’s President and CEO. “Clearly the alternative that puts the most value into Aurizon shareholders’ pockets is to hold the shares and get the premium valuation from Hecla. Alternatively, given that Alamos’ bid has traded to such a low point, shareholders can sell the Aurizon shares in the open market and receive additional value over the inferior bid of Alamos.”

The Commission’s decision highlights the need for Aurizon shareholders to withdraw any existing tendered shares and to not make any new deposits in order to secure the highest value for their shares. The Commission did not grant Alamos’ request to remove the $27.2 million termination fee payable to Hecla in the event that any person acquires more than 33 1/3% of Aurizon’s outstanding shares.

It is now up to the shareholders of Aurizon to show that they are not intimidated by Alamos’ coercive tactics and ensure that the financially superior Hecla Arrangement prevails. This can only happen if less than 17% of Aurizon’s outstanding shares are deposited to the Alamos bid. Counsel for Alamos disclosed in the hearing before the Commission on March 15, 2013 that only 6.5% of Aurizon’s shares were tendered to its offer as of that date.

Hecla strongly urges Aurizon’s shareholders NOT to deposit their shares to the coercive Alamos bid and to withdraw any shares they have deposited for the following reasons:

Williams to Build and Operate PDH Facility in Alberta, Canada, to Produce Polymer-Grade Propylene Fr

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Williams to Build and Operate PDH Facility in Alberta, Canada, to Produce Polymer-Grade Propylene From Propane

  • New Propane Dehydrogenation Facility Will Convert Alberta Propane Into Higher-Value Propylene
  • Uses Propane Feedstock Primarily from Williams’ Expanding Canadian Upgrader Offgas Processing Operations as well as Expected Abundant and Low-Cost Alberta Propane
  • Adds to Williams’ Expanding Canadian Propylene Supply; Expect to Expand Distribution and Sales to U.S. Gulf Coast Markets as well as Explore Development of New Alberta Markets
  • Builds on Williams’ Unique Business in Canada, Creates Natural Hedge for Williams’ Propane Position
  • Company Cites Environmental Advantages in Selected Processing Technology

TULSA, Okla.–(BUSINESS WIRE)– Williams (NYS: WMB) announced today that it has sanctioned construction of a propane dehydrogenation (PDH) facility in Alberta, Canada. The new PDH facility, the first and only in Canada, will allow Williams to significantly increase production of polymer-grade propylene from its Canadian operations. Williams is the only company in Canada currently producing polymer-grade propylene, a valuable petrochemical feedstock used in plastics manufacturing.

Williams’ PDH facility in Canada will have the capability to initially produce up to approximately 1.1 billion pounds (500 kilotonnes) annually of polymer-grade propylene, with the opportunity to double capacity with a future expansion. The company estimates capital expenditures of up to $900 million CAD to be funded with expected cash flow from its Canadian operation and international cash on hand. Pending appropriate permitting approvals, the PDH facility is scheduled to go into service in the second quarter of 2016.

Williams has selected Honeywell’s UOP as the vendor to provide the UOP Oleflex™ process technology for the dehydrogenation process. The technology is environmentally superior because it uses a platinum-based catalyst system, as well as less energy and water than competing PDH technologies. Williams’ PDH facility …read more
Source: FULL ARTICLE at DailyFinance

Mentor Graphics Introduces Unique FloTHERM XT Technology for Electronics Cooling Simulation – from C

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Mentor Graphics Introduces Unique FloTHERM XT Technology for Electronics Cooling Simulation – from Concept to Verification

WILSONVILLE, Ore.–(BUSINESS WIRE)– Mentor Graphics Corporation (NAS: MENT) today announced the FloTHERM® XT software that enables the industry’s first integrated MDAEDA electronics cooling simulation solution—from conceptual through detailed design—to dramatically shorten the process. This solution addresses two of today’s trends which are electronic challenges and geometric complexity. The electronic challenges are driven by increasing speed, density, and power consumption of ICs, PCBs and electronic systems. The increasing geometric complexity is driven by decreasing size and the increased influence of industrial design which requires handling of complex shapes. The FloTHERM XT technology efficiently interconnects mechanical design automation (MDA) and electronic design automation (EDA) domains and addresses the needs of design engineers as well as thermal specialists.

This electronics cooling simulation solution enables earlier virtual prototyping, fewer design iterations, and advanced “what-if” analysis for improved product quality and faster time-to-market benefits. Key markets where the FloTHERM XT product can benefit design teams from components to systems of electronic applications are industries such as automotive, aerospace, telecommunications, computing, industrial automation and consumer electronics.

“In support of our design consultancy business, FloTHERM XT empowers us to perform thermal analysis throughout our client’s design process. We are now able to start optimizing designs from the early concept stage and, using the same data model, can continue to support our clients with increasing levels of sophistication and shape complexity as they progress onto the verification/prototype phase and prepare a fully vetted design ready for manufacturing,” said Guy Wagner, director, Electronic Cooling Solutions.

Combining the electronics cooling DNA from the Mentor Graphics® Corporation’s market-leading FloTHERM® thermal analysis software, and Concurrent Computational Fluid Dynamic (Concurrent CFD) technology from the FloEFD™ product, the FloTHERM XT solution offers the power and performance to solve complex electronics systems design problems. The product’s easy-to-use interface is fully configurable so new users can customize the functionality features on the screen, providing a scalable user experience that can be adapted as the needs of the design project change.

Imported or CAD-generated geometries work seamlessly with the FloTHERM XT’s SmartPart library of models, and automatic meshing and data convergence provide significant reduction in execution times. It also provides an easy and intuitive direct interface to enterprise platforms such as the market-leading Mentor Expedition® Enterprise solution. The direct integration of the FloTHERM XT product with PCB design flows will reduce time-consuming data translation and costly errors. As a result, FloTHERM XT is the only solution on the …read more
Source: FULL ARTICLE at DailyFinance

Hecla's Deal with Aurizon Has More Value and More Cash Than the Alamos Bid

By Business Wirevia The Motley Fool

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Hecla’s Deal with Aurizon Has More Value and More Cash Than the Alamos Bid

Hecla offers a $0.31 per share premium to Alamos, 68% more cash

Alamos, Aurizon’s largest shareholder, is seeking to force Aurizon shareholders to take a lower bid by a small increase in its ownership

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) (Hecla or the Company) today reaffirmed the premium value of its proposed acquisition of Aurizon Mines Ltd. (TSX:ARZ) (NYSE MKT:AZK) (Aurizon) announced on March 4, 2013, pursuant to an arrangement agreement (Hecla Arrangement) with Aurizon. Hecla also cautioned Aurizon shareholders that its largest shareholder Alamos Gold Inc. (Alamos) is attempting to increase its ownership position to a level that would prevent Aurizon shareholders from accepting a higher price. All currencies are CAD$ unless otherwise noted.

“Alamos continues to try to distract Aurizon shareholders from the simple fact that the Hecla Arrangement is currently valued at $0.31 per share more than the Alamos offer, which is valued even lower than the current share price of Aurizon. About two thirds of Hecla’s offer is available in cash, Alamos’ is less than half,” said Phillips S. Baker Jr., Hecla’s President and Chief Executive Officer. “Alamos’ avowed attempt to block the Hecla arrangement by increasing its minority position to a blocking position rather than letting shareholders decide, illustrates the weakness of Alamos’ offer. We believe that Aurizon shareholders will prefer a higher price, more cash and an interest in Hecla to Alamos’ lower price, less cash and an interest in a company with assets outside Canada and the U.S. We join the Aurizon board in urging Aurizon shareholders not to tender to the Alamos transaction.”

Hecla is offering significantly more value than the Alamos offer

  • A higher price – based on the closing share prices of Hecla and Alamos on March 13, 2013, the Hecla Arrangement provides $0.31 more value than the Alamos bid.
  • More cash – the Hecla arrangement offers Aurizon shareholders greater value certainty through a maximum $513.6 million in cash, which is 68% higher than the maximum amount of cash offered by Alamos ($305 million maximum cash). Roughly two thirds of the Hecla Arrangement is in cash with Alamos’ bid being less than half.

Alamos’ statements …read more
Source: FULL ARTICLE at DailyFinance

3D Printing Hype Doesn't Equal Reality Yet

By Mitch Free, Contributor

Say you lose the back of your TV remote. You have turned your house upside-down looking for the piece that holds the batteries in, but without any other choice, you surrender and secure a piece of duct tape to the back of the remote. What if you had the option to log onto your TV manufacturers website, download the 3D CAD file for the replacement part, send the CAD file to your local FedEx Office, they upload your 3D CAD file to a 3D printer, and you swing by to pick-up the part within an hour.  This is the possibility that 3D printing brings. …read more
Source: FULL ARTICLE at Forbes Latest

Cardiovascular Systems' Orbital Atherectomy Technology Highlighted at ACC Innovations Forum

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Cardiovascular Systems’ Orbital Atherectomy Technology Highlighted at ACC Innovations Forum

ST. PAUL, Minn., & SAN FRANCISCO–(BUSINESS WIRE)– Cardiovascular Systems, Inc. (CSI) (NAS: CSII) , was featured as part of the “Innovation and Technology Adoption” presentation during the Innovations Educational Forum at the 2013 American College of Cardiology (ACC) conference in San Francisco. Dr. Glen Nelson, CSI‘s Chairman of the Board, moderated the session.

Data presented by Dr. William Gray, Director of Endovascular Services, Columbia University, New York, N.Y., illustrated that calcified lesions are underestimated, challenging to treat and lead to increased complications. The presentation demonstrated the effectiveness of CSI‘s peripheral orbital atherectomy system (OAS) in treating calcified lesions and its ability to change vessel compliance—minimizing vascular injury that may lead to restenosis.

Additionally, follow-up on prior CSI studies shared during the forum showed that CSI‘s OAS has consistent procedural outcomes, low complications and long-term durability in treating calcified lesions.

Click here to see the full abstract.

Also presented at ACC were pivotal trial results from CSI‘s ORBIT II study of patients with severely calcified coronary arteries. ORBIT II is evaluating the safety and effectiveness of the company’s OAS in treating one of the most challenging patient populations. At 30 days, patient outcomes exceeded the study’s primary safety and efficacy endpoint targets by a significant margin. Moderate to severe arterial calcium is present in nearly 40 percent of patients undergoing a percutaneous coronary intervention, according to estimates.

Additionally, moderate to severe calcium contributes to poor outcomes and higher treatment costs in coronary interventions when traditional therapies are used, including a significantly higher occurrence of death and major adverse coronary events (MACE). A coronary approval would open up a large, underserved market opportunity for CSI, estimated to exceed $1.5 billion annually in the United States.

CSI completed ORBIT II enrollment of 443 patients at 49 U.S. medical centers in November 2012. CSI is targeting the end of March 2013 to submit its Premarket Approval application to the Food and Drug Administration.

Click here to see CSI‘s ORBIT II Pivotal Trial results.

About Coronary Artery Disease

Coronary Artery Disease (CAD) is a life-threatening condition and leading cause of death in men and women in the United States. CAD occurs when a fatty material called plaque builds up on the walls of arteries that supply blood to …read more
Source: FULL ARTICLE at DailyFinance

Stratasys Launches First 3D Printer Designed Especially for Smaller Orthodontic Labs and Clinics

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Stratasys Launches First 3D Printer Designed Especially for Smaller Orthodontic Labs and Clinics

  • Compact, easy to use and affordable; making digital orthodontics accessible for all
  • See Objet30 OrthoDesk at IDS (International Design Show, Cologne, Germany, March 12-16) – Hall 3.2, Stand F-020/G-021

MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE)– Stratasys, Ltd. (NAS: SSYS) , a leading manufacturer of 3D printers and production systems for prototyping and manufacturing, today announced the launch of the Objet30 OrthoDesk 3D Printer, specially designed for smaller orthodontic labs and clinics. The Objet30 OrthoDesk now makes digital orthodontics accessible for facilities of all sizes.

Digital orthodontics is rapidly becoming the industry standard because of its many business advantages including the ability to significantly shorten delivery times, increase production capacity and eliminate bulky model storage. Until today, due to cost considerations, 3D printers have only been practical for larger labs.

Affordable and simple-to-use, Objet30 OrthoDesk conveniently fits on a desktop in any lab, With industry-leading precision, it enables orthodontists to create accurate, smooth, orthodontic models more easily than ever before. Now orthodontists can automate the entire workflow from CAD file to model fabrication, significantly accelerating production times and increasing capacity. By transitioning to a fully digital workflow, the process of physical impressions can be eliminated as well, improving patient satisfaction. Models can now be stored digitally, so bulky physical models no longer need to be saved.

“Objet30 OrthoDesk is great for smaller labs. It offers efficiency, quality and accuracy in a convenient desktop size which is just right for us,” said Ana L. Marin, Lab Owner, ARCAD Lab. “It’s enabling us to expand our services to a wider range of customers. I definitely see Objet30 OrthoDesk as a game-changer.”

“Stratasys continues to make digital orthodontics happen, one lab and clinic at a time,” said Avi Cohen, Director of Global Dental at Stratasys. “We are excited to launch the Objet30 OrthoDesk and bring the most accurate 3D printing technology to all the smaller labs and clinics who want to benefit from the future of orthodontics, today.”

The Objet30 OrthoDesk combines accurate, precise 3D printing technology with a small desktop footprint. …read more
Source: FULL ARTICLE at DailyFinance

CORRECTING and REPLACING CAPTION At RedEye On Demand, 3D Printed Cars Edge Closer to Production

By Business Wirevia The Motley Fool

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CORRECTING and REPLACING CAPTION At RedEye On Demand, 3D Printed Cars Edge Closer to Production

Road-ready URBEE 2 will set new precedent for building fuel-efficient vehicles

MINNEAPOLIS–(BUSINESS WIRE)– Please replace the caption for release dated March 5, 2013 with the accompanying corrected caption.

Jim Kor designed the first 3D-printed automobile built by RedEye On Demand. URBEE 2, a two-passenger hybrid, will hit the road in two years. (Photo: Phil Hossack)

The release reads:


Road-ready URBEE 2 will set new precedent for building fuel-efficient vehicles

RedEye On Demand, a rapid prototyping and direct digital manufacturing service, and its parent company Stratasys, Ltd. (NAS: SSYS) today announce a collaboration with KOR EcoLogic to produce URBEE 2, the first road-ready, fuel-efficient car built using 3D printing, or additive manufacturing, technologies. Targeted to hit the road in two years, URBEE 2 represents a significant milestone in the world of traditional assembly-line manufacturing.

“A future where 3D printers build cars may not be far off after all,” said Jim Bartel, Stratasys vice president of RedEye On Demand. “Jim Kor and his team at KOR EcoLogic had a vision for a more fuel-efficient car that would change how the world approaches manufacturing and today we’re achieving it. URBEE 2 shows the manufacturing world that anything really is possible. There are few design challenges additive manufacturing capabilities can’t solve.”

The KOR EcoLogic team will fully design URBEE 2 in CAD files, sending them to RedEye On Demand for building through Stratasys’ Fused Deposition Modeling (FDM) process. This unique process applies thermoplastics in layers from the bottom up, yielding parts that are durable, precise and repeatable. The finished two-passenger vehicle will comprise 40 large, intricate 3D-printed parts compared to hundreds of parts in the average car. The strong, lightweight vehicle will be designed to go 70 mph on the freeway, using a biofuel like 100 percent ethanol. The goal is for URBEE 2 to drive from San Francisco to New York City on only 10 gallons of fuel, …read more
Source: FULL ARTICLE at DailyFinance

Hecla's Agreement to Acquire Aurizon is Superior for Aurizon Shareholders

By Business Wirevia The Motley Fool

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Hecla’s Agreement to Acquire Aurizon is Superior for Aurizon Shareholders

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) (Hecla) (Company) today reiterated the superiority of its agreed-upon transaction with Aurizon Mines Ltd. (TSX:ARZ) (NYS: AZK) (Aurizon), announced on March 4, 2013, and strongly urges shareholders to reject the Alamos offer.

President and Chief Executive officer, Phillips S. Baker, Jr. said, “Our offer is superior to the Alamos offer by CAD$0.27, based on yesterday’s closing prices, and includes a 68% higher cash component. Tendering to the Alamos offer risks depriving Aurizon shareholders of the premium our offer represents as well as the significant upside we see in a Hecla-Aurizon combination. As a North America focused precious metals producer, we believe the combined company will deliver increased value well into the future.”

Hecla’s arrangement agreement is superior to the unsolicited Alamos offer for many reasons, included but not limited to:

  • Implied value is superior – Implied value of Hecla’s offer of CAD$4.55, based on closing prices on March 4, 2013, represents a CAD$0.27 premium to the current implied value of Alamos offer of C$4.28
  • Larger cash component – Hecla’s agreement has a 68% higher cash component than the Alamos offer
  • Superior business logic – the combined company will have low cost operating mines with long lives in mining friendly jurisdictions
  • Reduced operating risk – 120 years of mining experience, most of it in underground mines similar to Casa Berardi
  • Growth opportunities – enhanced exposure to exploration and pre-development projects

Separately, Aurizon today reiterated its recommendation that shareholders support the Hecla transaction and do not tender into the Alamos offer or withdraw tenders already made. Aurizon urged shareholders who have tendered to immediately withdraw tendered shares.

Mr. Baker continued, “We believe that the combination of Aurizon and Hecla provides the best opportunity for operational synergies and the creation of lasting value for shareholders. The new company will have three long life low cost assets in mining friendly jurisdictions. We have followed Aurizon and Casa Berardi for the past 7 years and believe strongly in the asset, its exploration upside, and the benefits of where the project is located. We invite the Aurizon shareholders to join us as we build a leading …read more
Source: FULL ARTICLE at DailyFinance

Hecla Diversification Buyout Seen as Too Costly

By 24/7 Wall St.


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Hecla Mining Co. (NYSE: HL) is seeing its shares clipped hard this morning due to an acquisition it is making. The company will spend close to $800 million to acquire Aurizon Mines Ltd. (NYSEMKT: AZK). It is not uncommon for an acquirer to see its shares drop when it spends up for an acquisition. What is different about this deal is that Hecla has had enough mine problems that you wonder why investors are not cheering some mine diversification efforts.

Hecla said that it has received a $500 million financing commitment from The Bank of Nova Scotia and there is no financing condition in the acquisition. As such, the transaction will be fully financed, but one note here is that the deal will not require the approval of Hecla shareholders.

As part of the deal, Aurizon shareholders will receive $4.75 (Canadian dollars) per share, or they can choose to accept 0.9953 of a Hecla share per share they own. The deal is subject to caps on each election: maximum cash consideration of $513,631,193 (Canadian dollars) and a maximum number of Hecla shares issued of 57,000,000. On this matter Hecla said:

Assuming that all Shareholders elected either the Cash Alternative or the Share Alternative, each Shareholder would be entitled to receive CAD$3.11 in cash and 0.34462 of a Hecla share for each Aurizon common share.

Hecla’s goal is to create long-life, high-grade, low-cost mines in some of the best mining jurisdictions in the world. The three properties have in common what Hecla says are “strong exploration potential on very large and contiguous land positions as well as locations near communities that are supportive to mining.”

The reaction is taking a bite out of Hecla shares, sending it down 10% to $4.17 against a 52-week range of $3.70 to $6.94. Hecla’s market cap is about $1.3 billion. Sometimes investors think that diversification comes with too high of a price. That seems to be the case here.

Filed under: 24/7 Wall St. Wire, Mergers & Acquisitions, Mergers and Buy Outs, Metals Tagged: AZK, HL

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Source: FULL ARTICLE at DailyFinance

The Continental: Movement at Daimler, News from Fiat, and Speed Saves Lives

By Jens Meiners

The Continental

Each week, our German correspondent slices and dices the latest rumblings, news, and quick-hit driving impressions from the other side of the pond. His byline may say Jens Meiners, but we simply call him . . . the Continental.

In a surprise move, the supervisory board of Daimler has extended CEO Dieter Zetsche’ s contract by three years. It had been expected that he would stay in office for another five years, which is customary in Germany. The contract for research and development chief Thomas Weber has also been renewed for only three years, despite Daimler’s ledership role in future technologies. At the same time, current production and purchasing chief Wolfgang Bernhard, formerly head of AMG (he also was Chrysler CFO and Volkswagen brand CEO), becomes head of Daimler’s truck division. He swaps positions with Andreas Renschler, whose resume includes heading up Daimler’s Smart division.

The reshuffling of the board reveals that things are not all smiles in Stuttgart-Untertürkheim. Wolfgang Bernhard is being groomed as Zetsche’s successor, but he has never gotten along smoothly with the employee side of things, a faction which enjoys significant clout on the supervisory board. Now Renschler is back in the game. But it is also possible that 59-year-old Zetsche will get a new contract three years from now.

Over the next few years, Daimler needs to fix its China business, which is lagging far behind Audi and BMW. The Mercedes brand’s reputation largely hinges on the success of the upcoming next-generation S-class; the smashing success of the (fantastically engineered) new A-class will need to be sustained over the next few years. On the design front, Mercedes might wish to strike a balance between appealing to those coveted buyers who wear their baseball caps backwards, and the (currently poorly attended) rest of us.

Thomas Weber in Bangalore

Betting on India

Daimler has opened its largest research and development center outside of Germany—and not in China or America, but in Bangalore, India. The country “is one of the core markets for [the] growth strategy Mercedes-Benz 2020, and it has enormous potential,” says board member Thomas Weber. In 1996, Daimler-Benz started kicked off its research and development activities in India with ten employees. Today, India is a center of competence for IT, electrics/electronics (EE), as well as computer aided design (CAD) and computer aided engineering (CAE). The center’s opening is good news for the company and for Weber, and I was hoping to be there to report in more detail. But, alas, the Indian embassy did not process my visa application in time.

Fiat Panda

Fiat’s Present and Lancia’s Past

Fiat has lowered the price of the still-fresh Panda. In Germany, it now starts at €8,990 (including 19-percent sales tax). Fiat still sells the previous generation model, called the Panda Classic, alongside the new one. The price cut is not a very good sign, but struggling Fiat needs all the sales it can get. …read more
Source: FULL ARTICLE at Car & Driver