WESTON, Fla., Aug. 18, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: GEMZ Corp. (Pink Sheets:GMZP), Hanger Orthopedic Group (NYSE:HGR), Mechanical Technology (Nasdaq:MKTY) and Synaptics Incorporated (Nasdaq:SYNA).
Aggressive investors and traders will want to watch GEMZ Corp. (Pink Sheets:GMZP) again this morning! Yesterday after the markets closed, the company issued a press release announcing that its wholly-owned subsidiary, International Nanotechnology Corporation (INC) has signed a definitive agreement with TSDC-N, a joint venture created by Terra Solar Development Corp. (TSDC) and Dr. S. Kulcsar!
Investors should watch this one! TSDC is a leading developer of photovoltaic and nanocell technology. INC will acquire substantially all of its nanotechnology assets of TSDC-N and an exclusive license to sell certain photovoltaic products being developed by TSDC in the United States as well.
The INC product is believed to be the first to use PV Nanofilms, which combine thin films and nanotechnology so they it can also work indoors in most lighting situations. Dr. Zoltan Kiss, will become Chief Technical Advisor of INC. He is a noted inventor, with over thirty patents to his credit said, "This planned new product is the first of what we expect will be a family of consumer products that utilize nanotechnology to provide cost-effective solutions to problems not previously solved with conventional technology and which have wide consumer application."
This could be more good news for investors! Just a few weeks ago we reported that Technology Review, MIT's Magazine of Innovative Technology, devoted the cover story of its latest issue (Vol. 107 / No. 6) to a discussion of the potential of solar power to keep cell phones and laptops recharged.
Keep your eyes on this company! Moshe Gluzman, INC president and an experienced Photovoltaic Engineer and entrepreneur commented, "We are delighted that a definitive has been signed with Terra Solar and we look forward to growing this exciting business, which some independent market forecasters have predicted will become a $28 billion business by 2008."
The stock closed yesterday at around One cent a share.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Hanger Orthopedic Group (NYSE:HGR) up 21.9% on 1.5 million shares traded, Mechanical Technology (Nasdaq:MKTY) up 22.9% on 367,284 shares traded and Synaptics Incorporated (Nasdaq:SYNA) up 7.3% on 756,932 shares traded.
Commentary:
"Economists cut their projections for the second half of 2004 economic growth. They are now expecting for the third quarter 3.8% growth and 4.1% for the fourth quarter," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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