Proteonomix (OTC.BB:PROT) is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.�s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix�s operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (�PRTMI�) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies.
Proteonomix, Inc. recently announced further developments with its Joint Venture Company, XGEN Medical LLC (�XGen�) towards implementing operations in the United Arab Emirates (U.A.E.).
Proteonomix is the majority shareholder in XGen with the balance held by an anonymous investor group. Proteonomix personnel were on the ground in the U.A.E. over the past weeks to work together with the Investor Group through the start up phase. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting Proteonomix personnel on Jumeira 2.
Broadway Financial Corporation (NASDAQ:BYFC) subsidiary Broadway Federal Bank has been granted approval of a $750,000 Financial Assistance Award from the Community Development Financial Institutions Fund (CDFI Fund), a department of the U.S. Treasury. Broadway was recognized for its record of community development lending and investing in South Los Angeles� underserved communities.
Broadway Chairman and CEO Paul C. Hudson stated, �We are honored to be selected as a first time recipient of a CDFI Financial Assistance Award, and excited to receive the highest level of award that was granted in this funding round by the CDFI Fund. The award will provide additional support for our mission of serving low to moderate income communities in Southern California by contributing to Broadway�s financial strength and income.� He went on to say, �CDFI funding is a valuable source of financial support for CDFI certified community based organizations, particularly in these challenging economic times.�
The CDFI Fund received 408 applications from organizations across the nation, which collectively requested more than $467 million under the FY 2010 funding round. A total of $104.9 million was awarded to 180 financial organizations addressing underserved communities in 44 states and the District of Columbia. Through the CDFI Program, the CDFI Fund invests in and builds the capacity of private, for-profit and non-profit community-based organizations known as Community Development Financial Institutions that serve rural and urban low-income communities that lack adequate access to affordable financial products and services.
Broadwind Energy, Inc. (Nasdaq:BWEN) recently reported that Jesse (Jess) E. Collins has been named executive vice president and chief operating officer of the Company, effective immediately. Collins, 44, is a wind industry veteran with more than 15 years of manufacturing and operations experience.
“In his new role with the Company, Jess will help Broadwind continue to advance our operational initiatives, especially continuous improvement across our platform of wind-focused companies,” said J. Cameron Drecoll, Broadwind CEO. “He has the vital skills and experience to help us prepare for the anticipated wind recovery.”
Collins said, “I am delighted to expand my role at Broadwind and look forward to this opportunity to help position Broadwind for its next phase of growth.”
Broadwind Energy, Inc., based in Naperville, Illinois, provides technologically advanced high-value products and services to the U.S. wind energy industry. Broadwind’s product and service portfolio provides customers, including wind turbine manufacturers, wind farm developers and wind farm operators, with access to a broad array of wind component and service offerings. These product and service offerings include wind turbine gearing systems, wind turbine structural towers, industrial products, technical services, Precision Repair and Engineering services, and logistics.
Brocade (Nasdaq:BRCD) made this year�s InformationWeek 500, an annual listing of the nation�s most innovative users of business technology. The 2010 list was revealed recently at a gala awards ceremony at the exclusive InformationWeek 500 Conference taking place at the St. Regis Monarch Beach Resort, Dana Point, CA.
�Brocade is honored to be recognized by InformationWeek as one of the most innovative users of business technology,� said Tim Graumann, Vice President and Chief Information Officer at Brocade. �We earned a spot on the list because of our new state-of-the-art data center and engineering labs. The 75,000-square-foot space at our new San Jose headquarters incorporates key elements of flexibility, energy efficiency, sustainable design and technology innovation.�
The construction of the new campus enabled Brocade to design its engineering labs and data center to the highest standards and best practices, from the ground up, collapsing the access and aggregation networking layers for a flat Layer 2 network that results in more available bandwidth and simplified operations.
Brocade develops extraordinary networking solutions that enable today�s complex, data-intensive businesses to optimize information connectivity and maximize the business value of their data.
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