ties and a $0.7 million gain related to foreign curren- cy fluctuations. Financial results for the three months ended June 27, 2009 included a $1.5 million gain from the sale of certain patents that the Company no longer uses and a $0.7 million loss related to foreign currency fluctuations.
“Our business continues to gain momentum,” Pre- sident and Chief Executive Officer Dr. John C. Fan said. “Kopin‘s future looks strong with smartphone proliferation just commencing and expected to remain robust for a number of years, while TWS, our key display product category, was recently reaffirmed as a critical weapons platform by the DoD. With the positive feedback we are receiving on Golden-i, smartphone and TWS trends in our favor, the rene- wed agreement with Skyworks and our excellent financial position, we believe that we remain on pace to achieve our revenue guidance of $120 mil- lion to $130 million for full-year 2010 and expect 2011 will be an even better year for Kopin.” http://www.kopin.com
ife Technologies Corporation (NASDAQ: LIFE), a provider of innovative life science solutions,
today announced a definitive agreement to acquire Ion Torrent for $375 million in cash and stock. Ion Torrent has developed a DNA sequencing system that directly translates chemical signals (A, C, G, T) into digital information (0, 1) on a semiconductor chip. The result is a sequencing system that is simp- ler, faster, less expensive and more scalable than any other technology available. http://www.lifetechnologies.com http://www.iontorrent.com
una Innovations Incorporated (NASDAQ:LUNA), a company focusing on sensing, instrumentation
and nanotechnology, announced its financial results for the second quarter and six months ended June 30, 2010. As compared to the same quarter last year, total revenue increased by 4%, from $8.7 million in the second quarter of 2009 to $9.0 million in the second quarter of 2010, driven by a 31% revenue increase in the company’s product and license seg- ment. The company reported a net loss attributable to common stockholders of $0.7 million, or $0.05 per common share, for the second quarter of 2010, as compared to a net loss of $2.4 million, or $0.21 per common share for the second quarter of 2009. http://www.lunainnovations.com
EMC Electronic Materials, Inc. (NYSE: WFR), a global leader in the manufacture and sale of
wafers to the semiconductor and solar industries, has completed the acquisition of privately held Solaicx. At closing, MEMC paid the initial merger considerati- on of $66 million in cash, plus an additional amount in cash of approximately $10 million that is equal to amounts that have recently been invested in Solaicx by its existing security holders. The acquisition is ex- pected to be accretive to earnings per share in 2011. http://www.memc.com
odumetal Inc., recently awarded “2010 Com- pany of the Year” by Washington State’s
“Alliance of Angels”, has successfully closed its Series B round of financing. The round was lead by Ca- tamount Ventures. Mark Silverman, who lead due diligence for Catamount, will be joining the Modu- metal Board and brings both venture and operational experience to the Modumetal Board.
10-07/08 :: July/August 2010