plus 3, INDONESIAN MOTORCYCLE SALES DOWN IN NOVEMBER ON-MONTH - TradingMarkets.com

INDONESIAN MOTORCYCLE SALES DOWN IN NOVEMBER ON-MONTH - TradingMarkets.com
Electrovaya Announces Operations Update, Fourth Quarter and Fiscal ... - Yahoo Finance
Brady Corporation Acquires Custom-Label and Nameplate Manufacturer in ... - TMCnet
Brady Buys Custom-Label And Nameplate Manufacturer In Brazil - Quick ... - RTT News

INDONESIAN MOTORCYCLE SALES DOWN IN NOVEMBER ON-MONTH - TradingMarkets.com

Posted: 23 Dec 2009 07:20 PM PST

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Electrovaya Announces Operations Update, Fourth Quarter and Fiscal ... - Yahoo Finance

Posted: 23 Dec 2009 04:49 PM PST

TORONTO, ONTARIO--(Marketwire - 12/23/09) - Electrovaya Inc. (TSX:EFL - News) today announced financial results for the fourth quarter and fiscal year 2009 ended September 30, 2009. All figures are in US dollars.

Fourth Quarter Fiscal 2009 Financial Highlights

- Revenue totaled $1,435,000, a 119% increase over the $654,000 reported for the year ago quarter.

- Net Operating profit before interest, taxes, foreign exchange and amortization, totaled $942,000 compared to a loss of $1,100,000 reported for the year ago quarter.

Fiscal 2009 Financial Highlights

- Revenue totaled $3,782,000, a 49% increase over the $2,541,000 reported for the previous fiscal year.

- Loss from operations, before interest, taxes, foreign exchange, amortization, capital assets write-down and the gain on sale of investments narrows to $305,000, compared to $3.9 million in the prior fiscal year.

The Company had $5.6 Million in cash and cash equivalents at 30th September 2009, as compared to the $4.9 Million reported at 30th September 2008, an increase of $0.7 Million.

Fiscal 2009 Business Highlights

- In December, Electrovaya and HEROElectric signed a Memorandum of Understanding ("MOU") that sets out the general principals of a joint venture for the development and sale of zero-emission battery electric scooters and motorcycles. HEROElectric is a wholly-owned subsidiary of HEROGroup, which ranks amongst the Top 10 Indian Business Houses with an estimated turnover of over US$3.2-billion during the fiscal year 2005-2006. Its subsidiary Hero Honda is the world's largest two-wheeler manufacturer and controls nearly half of the market for two-wheelers in India with over 3.7 million units sold in 2008-9.

- In November, Electrovaya and Nippon Kouatsu Electric Co. Ltd. (NKE) signed a MOU for the development and sale of Electrovaya's integrated advanced battery storage systems for both stationary power and smart grid systems applications. Japan's peak and off-peak electricity pricing differential is sufficiently wide to create an excellent market for grid energy storage solutions. NKE is the only company in Japan that provides distribution equipment to all of the major 10 electric power utilities in Japan.

- In October, Electrovaya announced that it is accelerating the set-up of its joint-venture production facility in Norway with its joint-venture partner Miljobil Grenland. The Miljobil Grenland joint venture, of which Electrovaya is a shareholder, is establishing a Lithium Ion SuperPolymer� cell manufacturing facility in Norway.

- In August, Electrovaya was awarded an investment of up to Cdn $16.7 million to support battery research and pre-commercialization activities through the support of the Province of Ontario's Next Generation Job Fund. Ontario's Premier Dalton McGuinty, along with members of his caucus, made the announcement at Electrovaya's headquarters.

- In June, Electrovaya announced that it is powering the fleet of Maya-300 zero-emission electric vehicles in a unique demonstration program at the Maryland Science Center supported by ExxonMobil.

- In April, Electrovaya announced that it is powering the plug-in hybrid electric Hummer H3 showcased at the 2009 SAE World Congress. Later in August, this vehicle completed a test drive demonstrating a 50-mile all electric range.

- In November 2008, Electrovaya announced the signing of a MOU with Chana International Corp. (Chana) for zero-emission electric vehicles. Chana is China's third largest automaker with joint ventures with Ford, Mazda and Suzuki. China, along with the USA, is the world's largest automotive marketplace.

Over the calendar year, Electrovaya participated in several battery, electric vehicle and finance conferences. Most notably it was the only battery industry speaker at the OECD Conference on "Potential Environmental Benefits of Nanotechnology: Fostering Safe Innovation-Led Growth" in Paris. In addition, Electrovaya was an invited speaker at the 24th International Electric Vehicle Symposium, the IEEE Vehicle Power and Propulsion Conference, the inaugural Wedbush Morgan Securities' Clean Technology & Industrial Growth Conference, and many others.

"Fiscal 2009 marked a turning point for Electrovaya," commented Dr. Sankar Das Gupta, Chief Executive Officer of Electrovaya. "Over the course of the past fiscal year we have increased our presence in the global market for lithium ion batteries used for the electrification of vehicles and for smart grid applications. In addition to accomplishing these important business development milestones, in the fourth fiscal quarter we reached profitability, a significant achievement".

"As we look ahead to fiscal 2010, we are optimistic about our opportunities for continued growth as the macro-environment for our business improves and interest in our unique zero-emission, toxin-free manufacturing process is higher than it has ever been. We are seeing growing opportunities to add new customers and expand our presence in markets across the globe. In conjunction with these opportunities, we intend to continue our disciplined approach to managing our business, prudently investing to take advantage of emerging opportunities," concluded Dr. Das Gupta.

Summary of Financial Results

� ---------------------------------------------------------------------------- In thousands of US$ 3 months ended Sept 30 12 months ended except per share amounts Sept 30 2009 2008 2009 2008 ---------------------------------------------------------------------------- Revenue $ 1,435 $ 654 $ 3,782 $ 2,541 ---------------------------------------------------------------------------- Profit (Loss) from operations before interest, taxes, foreign exchange and amortization $ 942 $ (1,129) $ (305) $ (3,935) ---------------------------------------------------------------------------- Profit (Loss) for the period 549 ($799) $ (577) $ (4,055) ---------------------------------------------------------------------------- Gain (Loss) per share $ 0.01 $ (0.01) $ (0.01) $ (0.06) ---------------------------------------------------------------------------- Cash & cash equivalents $ 5,614 $ 4,934 $ 5,614 $ 4,934 ----------------------------------------------------------------------------

The Company's complete Fiscal 2009 Fourth Quarter and Annual Financial Statements and Management Discussion and Analysis are available at www.sedar.com or on the Company's website at www.electrovaya.com.

About Electrovaya Inc.

Electrovaya Inc. (TSX:EFL - News) designs, develops and manufactures proprietary Lithium Ion SuperPolymer� batteries, battery systems, and battery-related products for the clean transportation, smart grid power, consumer and healthcare markets. The Company's mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has production facilities in Canada as well as in the US, and customers around the globe. To learn more about how Electrovaya is powering mobility, please explore www.electrovaya.com

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to, among other things, the Company's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to currency rates and creditworthiness of customers); Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; changes in laws and regulations; legal and regulatory proceedings; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's most recent annual and interim Management's Discussion and Analysis under "Risk and Uncertainties", as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

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Brady Corporation Acquires Custom-Label and Nameplate Manufacturer in ... - TMCnet

Posted: 23 Dec 2009 04:42 PM PST

MILWAUKEE --(Business Wire)-- Brady Corporation (NYSE:BRC), a world leader in identification solutions and specialty materials, today announced that it has acquired Stickolor Industria e Comercio de Auto Adesivos Ltda., Saõ Paulo, Brazil. Details of the transaction are not being disclosed.

Founded in 1978, Stickolor manufactures screen-printed custom labels, overlays and nameplates for automobiles, tractors, motorcycles, electronics, white goods and general industrial markets. With sales of approximately $9 million (US), the company currently employs about 90 people.

Brady expects this acquisition to further strengthen its position in the industrial identification market in Brazil and enhance its screen printing capabilities, as well as facilitate its growth into complimentary markets in the region including automotive, agricultural equipment and major appliances.

"Stickolor is known for its superior screen-printing capabilities and exceptional quality, and we are excited to be able to offer their products and services to our customers as well as bring new Brady products to their customer base. Their markets and capabilities are complimentary to Brady's and their focus on teamwork and customer service is a strong cultural fit to Brady's philosophy of value creation," said Matt Williamson, president, Brady Americas. "We look forward to working with the Stickolor team, and are optimistic about the opportunities to further grow our business in Brazil where the economy remains relatively strong." Brady opened W.H.B. do Brasil, Ltda. as a sales and marketing office in 1996, and established manufacturing in the region in 1998 with the acquisition of VEB Sistemas de Etiquetas Ltda. in Saõ Paulo. In 2002, it expanded its operations in Latin America with a second manufacturing facility in Manaus, Brazil; and acquired Etiquetas Asterisco in Saõ Paulo in 2006.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Its products help customers increase safety, security, productivity and performance and include high-performance labels and signs, safety devices, printing systems and software, and precision die-cut materials. Founded in 1914, the company has more than 500,000 customers in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee and employs approximately 7,000 people at operations in the Americas, Europe and Asia/Pacific. Brady's fiscal 2009 sales were approximately $1.2 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC.

More information is available on the Internet at www.bradycorp.com and www.stickolor.com.br.

Brady believes that certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements related to future, not past, events included in this news release, including, without limitation, statements regarding Brady's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations are forward-looking statements. When used in this news release, words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements by their nature address matters that are, to different degrees, uncertain and are subject to risks, assumptions and other factors, some of which are beyond Brady's control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For Brady, uncertainties arise from the length or severity of the current worldwide economic downturn or timing or strength of a subsequent recovery; future financial performance of major markets Brady serves, which include, without limitation, telecommunications, manufacturing, electrical, construction, laboratory, education, governmental, public utility, computer, transportation; difficulties in making and integrating acquisitions; risks associated with newly acquired businesses; Brady's ability to develop and successfully market new products; changes in the supply of, or price for, parts and components; increased price pressure from suppliers and customers; fluctuations in currency rates versus the US dollar; unforeseen tax consequences; potential write-offs of Brady's substantial intangible assets; Brady's ability to retain significant contracts and customers; risks associated with international operations; Brady's ability to attract and retain key talent; Brady's ability to maintain compliance with its debt covenants; technology changes; business interruptions due to implementing business systems; environmental, health and safety compliance costs and liabilities; future competition; interruptions to sources of supply; Brady's ability to realize cost savings from operating initiatives; difficulties associated with exports; risks associated with restructuring plans; risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products; and numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature contained from time to time in Brady's U.S. Securities and Exchange Commission filings, including, but not limited to, those factors listed in the "Risk Factors" section located in Item 1A of Part I of Brady's Form 10-K for the year ended July 31, 2009. These uncertainties may cause Brady's actual future results to be materially different than those expressed in its forward-looking statements. Brady does not undertake to update its forward-looking statements.

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Brady Buys Custom-Label And Nameplate Manufacturer In Brazil - Quick ... - RTT News

Posted: 23 Dec 2009 01:36 PM PST

(RTTNews) - Brady Corp. (BRC: News ) said Wednesday that it has acquired Saõ Paulo, Brazil-based Stickolor Industria e Comercio de Auto Adesivos Ltda. Details of the transaction were disclosed.

Stickolor manufactures screen-printed custom labels, overlays and nameplates for automobiles, tractors, motorcycles, electronics, white goods and general industrial markets. With sales of about US$9 million, the company currently employs about 90 people.

Brady expects the acquisition to further strengthen its position in the industrial identification market in Brazil and enhance its screen printing capabilities, as well as facilitate its growth into complimentary markets in the region including automotive, agricultural equipment and major appliances.

Brady opened W.H.B. do Brasil, Ltda. as a sales and marketing office in 1996, and established manufacturing in the region in 1998 with the acquisition of VEB Sistemas de Etiquetas Ltda. in Saõ Paulo. In 2002, it expanded its operations in Latin America with a second manufacturing facility in Manaus, Brazil; and acquired Etiquetas Asterisco in Saõ Paulo in 2006.

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