Highway Holdings Receives Multi-Year OEM Order for Vacuum Cleaner Components

Highway Holdings Limited (HIHO) today announced it received a multi-year order for vacuum cleaner components valued at approximately $400,000 per year from a leading international appliance manufacturer.

Production has already commenced, and an initial order of approximately three million components has been delivered to the customer for vacuum cleaner kits that require nine different plastic parts manufactured by Highway Holdings.

"We are gratified by this leading OEM's confidence in our capabilities and quality and look forward to additional opportunities to work together," said Roland Kohl, president and chief executive officer of Highway Holdings.

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Quinpario Partners Discloses Group Ownership Of 10.13% In Zoltek

Sends Letter to Chairman & CEO to Solicit Cooperation in Working with Quinpario to Create Long-Term, Sustainable Shareholder Value at Zoltek
Files Presentation Candidly Detailing Zoltek's Commercial and Financial Underperformance
Delivers Letter to Zoltek Requesting a Special Meeting of Shareholders to Remove and Replace All Existing Board Members

Quinpario Partners LLC announced today the formation of a group consisting of highly competent and reputable investors and director candidates with respect to Quinpario's investment in Zoltek Companies, Inc. ("Zoltek" or the "Company") (ZOLT). 

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eMagin Announces Record Second Quarter 2012 Revenues

OLED Microdisplay Sales Rise 20 Percent
Adjusted EBITDA of $1.6 Million, Up 38 Percent

eMagin Corporation (NYSE MKT: EMAN), the leader in OLED technology for the design and manufacture of OLED microdisplays for high resolution imaging products, today announced financial results for the second quarter of 2012 ended June 30, 2012.

“I am pleased to report record revenue of $8.6 million, fueled by a 20 percent increase in display sales,” stated Andrew G. Sculley, president and chief executive officer. “We captured the highest level of new business bookings ever, which drove our backlog to new highs.

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ESI Announces First Quarter Fiscal 2013 Results Revenues

Electro Scientific Industries, Inc. (ESIO), a leading supplier of innovative laser-based manufacturing solutions for the microtechnology industry, today announced results for its fiscal 2013 first quarter ended June 30, 2012. Financial measures are provided on both a GAAP and non-GAAP basis.

Revenue in the first quarter was $59.0 million, compared to $45.5 million in the fourth quarter of 2012 and $77.0 million in the first quarter of last fiscal year. On a GAAP basis, net loss was $0.9 million or $0.03 per share, compared to a loss of $7.7 million or $0.26 per share in the prior quarter. On a non-GAAP basis, first quarter net income was $1.9 million or $0.06 per diluted share, compared to a loss of $1.9 million or $0.06 per share in the fourth quarter of fiscal 2012 and income of $7.9 million or $0.27 per diluted share in the first quarter of fiscal 2012.

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City of Madison Water Utility Selects Itron for Water AMI Solution

Itron, Inc. (NASDAQ: ITRI - News) announced today that the City of Madison, WI Water Utility will implement Itron’s advanced metering infrastructure (AMI) for Project H2O, the City’s program to automate the collection and analysis of water meter reads. The solution will allow Madison to effectively manage conservation initiatives, improve metering accuracy and operate more efficiently. Installation using services from Wisconsin-based Corix Utilities Inc. and Madison Laborers Union Local 464 is expected to be complete by early 2013.

Itron’s AMI solution will enable Madison Water Utility’s 235,000 residents to switch from biannual meter reads to monthly meter reads and measure consumption in gallons instead of cubic feet, making bills easier to understand.

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