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Winston-Salem, NC, United States, 2010/10/11 - Small Cap stocks with news to watch for Monday - IDOI, ATPG, FTEK.
IDO Security (OTCBB: IDOI) $0.0013. Today announced that the Company has signed a distributor agreement with ORMAX Tecnologia em Segurança as part of their marketing efforts in the Brazilian market.
"This is a totally new market for the MagShoe with great potential and as such we have looked to cooperate with a serious player in the Brazilian market. Ormax is the perfect partner, with a large Homeland Security related client base, proven sales capabilities, local assembly and production capabilities and years of experience in the Brazilian security market.
Our cooperation is very close and we expect results relatively soon," stated Mr. Dani Werber, Sales & Marketing Manager for IDO Security, Inc.Mr. Avi Dvir, CEO of Ormax, added, "We see great potential for MagShoe in Brazil and Latin America. As a leading supplier of Homeland Security equipment to many different police and security agencies in the region we know that this solution is the link that was missing for our clients to have a much higher level of security in their operations.
"What They Do: Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented MagShoe weapons metal detection system. MagShoe fills a critical void in today's metal detectors by extending screening to the lower body and feet.
MagShoe's "shoes-on" design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety. Ideal for security and loss prevention at virtually any facility, MagShoe is currently in use at international airports, cruise lines, government agencies, private homes and more.
ATP Oil & Gas Corporation (Nasdaq: ATPG) $14.08. Today announced first oil production at its Mississippi Canyon 941 #3 well in the deepwater Gulf of Mexico. The initial rate and associated pressures exceeded original expectations and the well established a rate in excess of 7,000 Boe per day. The Mississippi Canyon 941 #3 well is located on the Mirage Field and is the second well brought on production at the Telemark Hub location utilizing the ATP Titan floating drilling and production platform.
As per BOEM guidelines with initial production the MC 941#3 will be renamed the MC 941 A-1. When drilled, the A-1 well encountered four Miocene sands totaling 266 feet of pay. The A-1 well is completed at a measured depth of 16,300 feet in two of the discovered sands. Plans are to commingle production from the two completed sands.
What They Do: ATP Oil & Gas is focused on development and production of oil and natural gas in the Gulf of Mexico and the North Sea.
Fuel Tech (Nasdaq: FTEK) $6.22. Today announced receipt of a commercial FUEL CHEM order from an existing domestic electric utility customer. Fuel Tech's proprietary TIFI Targeted In-Furnace Injection technology will be installed on a large coal-fired boiler experiencing slagging problems associated with the burning of high-sodium Powder River Basin (PRB) coals. Chemical injection is scheduled to commence by year-end.
What They Do: Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services.
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