Combining outdoor image processing, traffic engineering, and information technology, Iteris, Inc. (AMEX:ITI) offers a broad range of Intelligent Transportation Systems solutions to customers worldwide. Iteris is a leader in traffic management focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems infrastructure.
Iteris, Inc. reported financial results for its fiscal third quarter ended December 31, 2011. Net sales and contract revenues for the third quarter totaled $14.9 million, up 24% from $12.0 million in the same year-ago quarter, which was primarily due to a 53% increase in Transportation Systems contract revenues. The company grew organic net sales and contract revenues by 10% compared to the year-ago quarter, with the remaining growth provided by the acquisitions of Meridian Environmental Technology (MET) in January 2011 and Berkeley Transportation Systems (BTS) in November 2011. Gross margin in the third quarter was 36.7% or $5.5 million, compared to 40.9% or $4.9 million in the year-ago quarter. Gross margin in the current quarter was impacted by a shift in mix toward Transportation Systems consulting contracts. Gross margin on product net sales decreased for the quarter to 50.5%, compared to 52.1% in the year-ago quarter.
For more information about Iteris, please visit www.iteris.com
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Tandy Leather Factory, Inc. (Nasdaq:TLF) reported that sales for the month of January were $6.0 million, up 18% compared to January 2011 sales of $5.1 million. Retail Leathercraft’s sales rose 17% to $3.2 million compared to January 2011 sales of $2.8 million. The 76 comparable stores’ sales were up 15% for the month compared to the same period last year. The one store opened since January 2011 added January sales of $36,000.
Tandy Leather Factory, Inc. operates as a retailer and wholesale distributor of leather and related products. The company’s leather and related products consist of leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits.
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Global Hunter (GBLHF.PK)
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Molybdenum is used in certain nickel-based alloys, such as the “Hastelloys(R)” which are heat-resistant and corrosion-resistant to chemical solution. Molybdenum oxidizes at elevated temperatures. The metal has found recent application as electrodes for electrically heated glass furnaces and fore hearths. The metal is also used in nuclear energy applications and for missile and aircraft parts. Molybdenum is valuable as a catalyst in the refining of petroleum.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear and/or alteration zones sampled total of 13.5 kilometers of strike length along know copper bearing shear and alteration zones tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified; however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information please visit www.globalhunter.ca
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Rocky Brands, Inc. (NASDAQ:RCKY) announced that the Company’s conference call to review fourth quarter and full year fiscal 2011 financial results will be broadcast live over the Internet on Wednesday, February 15, 2012 at 4:30 pm Eastern Time and may be accessed through Rocky’s website, www.rockybrands.com.
Rocky Brands, Inc. designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, Mossy Oak, and Michelin brand names.
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Woodward, Inc. (NASDAQ:WWD) announced that its Board of Directors has approved a dividend of $0.08 per share, an increase of 14% from $0.07 per share. The dividend will be payable on March 1, 2012 to stockholders of record as of February 16, 2012. Woodward is an independent designer, manufacturer, and service provider of control solutions for the aerospace and energy markets. Our aerospace systems and components optimize the performance of fixed wing and rotorcraft platforms in the commercial, business and military aircraft, ground vehicles and other equipment.
Woodward, Inc. designs, manufactures, and services energy control and optimization solutions for the aerospace and energy markets worldwide. Its Aerospace segment offers pumps, valves, fuel nozzles, metering units, cockpit controls, actuators, motors, and sensors for the management of fuel, air, combustion, and motion systems in commercial, business, and military aircraft, as well as weapons and defense systems.
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