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Sunday 21 June 2015
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Friday’s Trade News Report on: Stratasys, (NASDAQ:SSYS), Pinnacle West Capital (NYSE:PNW), Plains GP Holdings (NYSE:PAGP), Mobile TeleSystems OJSC (NYSE:MBT)

On Friday, Stratasys, Ltd. (NASDAQ:SSYS)’s shares declined -1.15% to $36.98.

MakerBot, a global leader in the desktop 3D printing industry, and Stratasys AP Ltd, a partner of MakerBot’s parent company Stratasys Ltd. ( SSYS), a leading global provider of 3D printing and additive manufacturing solutions, recently declared the strengthening of MakerBot’s market presence in Asia Pacific through MakerBot Asia Pacific & Japan (MakerBot APJ), a new MakerBot division to capture the growth potential of desktop 3D printers and scanners in the region. Stratasys has a strong presence in the region and MakerBot APJ aims to leverage on the existing Stratasys infrastructure to strengthen its local operations and expand availability of its products. MakerBot APJ will continue to support the existing MakerBot network of distributor and reseller partners in Asia Pacific.

Stratasys has 10 regional offices to serve its customers in Asia Pacific, counting the Asia Pacific headquarters in Hong Kong and presences in Shanghai, Beijing, Shenzhen, Tokyo, Osaka, Seoul, Busan, Singapore and Bangalore. These Stratasys offices will support MakerBot’s local business operations with marketing, sales and customer support initiatives. MakerBot APJ will be led by Shiry Saar, who has been designated General Manager and is based in Stratasys’ Asian headquarters in Hong Kong, operating under Stratasys AP Ltd. Saar had served in several administration roles at Stratasys formerly.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its AM systems utilize its patented fused deposition modeling and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content. The company offers entry-level desktop 3D printers for idea and design development, a range of systems for rapid prototyping, and production systems for direct digital manufacturing under the Dimension, Objet, Fortus, Polyjet, SolidScape, and MakerBot brands.

Pinnacle West Capital Corporation (NYSE:PNW)’s shares gained 0.14% to $58.14.

Pinnacle West Capital Corporation (PNW) Board of Directors declared a quarterly dividend of $0.595 per share of common stock, payable on September 1, 2015, to shareholders of record on August 3, 2015.

Pinnacle West Capital Corporation, through its partner, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. The company serves about 1.2 million customers. It owns or leases about 6,426 megawatts of regulated generation capacity. The company was founded in 1920 and is headquartered in Phoenix, Arizona.

At the end of Friday’s trade, Plains GP Holdings LP (NYSE:PAGP)‘s shares dipped -2.58% to $26.79.

Plains All American Pipeline, L.P. (PAA), a partner of Plains GP Holdings LP (PAGP) practiced a crude oil release from its 24-inch Las Flores to Gaviota Pipeline (Line 901) in Santa Barbara County, California. The pipeline was transporting crude oil from third party storage tanks located in Las Flores Canyon to Plains’ Gaviota Pump Station. Some of the released oil reached a drainage culvert leading to the Pacific Ocean at the Refugio State Beach and influenced the ocean water and the local shoreline. Plains shut down the pipeline and initiated its emergency response plan. No human injuries have been stated, but there have been reports of impacts to wildlife. The cause of the leak is being investigated and although the exact amount of released oil has not yet been finally determined, Plains presently estimates that the amount of released crude oil could be as high as about 2,400 barrels.

PAA is working closely with local, state and federal government agencies and first responders to clean up and remediate the affected areas. On May 21, 2015, Plains received a corrective action order from the United States Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (“PHMSA”) requiring Plains to shut down, purge, review, remediate and test the pipeline. Among other requirements, the order also obligates Plains to conduct a root cause failure analysis and present remedial work plans and restart plans to PHMSA prior to returning the line to service. PAA fully intends to comply with the PHMSA order and to cooperate with any other governmental investigations regarding or arising out of the release.

Plains GP Holdings, L.P., through its interest in Plains AAP, L.P., owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas, and refined products in the United States and Canada. The company operates through three segments: Transportation, Facilities, and Supply and Logistics.

Mobile TeleSystems OJSC (ADR) (NYSE:MBT), ended its Friday’s trading session with -0.98% loss, and closed at $10.09.

Mobile TeleSystems OJSC (ADR) (MBT) a global consulting, technology services and outsourcing company, declared that it was named to the “25 Most Promising Cloud Services Vendors 2015″ in the latest issue of Outsourcing Gazette, a print magazine which provides a platform to thinkers, practitioners, strategists and visionaries in the outsourcing community. Among the leading service providers dominating the landscape in the cloud space recently, Bell Integrator stood out as the “Company of the Month.”

By presenting the “25 Most Promising Cloud Services Vendors,” Outsourcing Gazette’s aim is to educate its audience about best of breed service providers for their needs and to assist CIOs select the right service provider from literally hundreds of vendors providing almost similar services.

A distinguished panel of CEOs, CIOs, Analysts and Industry Experts together with the Outsourcing Gazette editorial team selected Bell Integrator to the list noting the company’s service offering, core competencies, client testimonials and other industry recognitions.

Most recently Bell Integrator was honored with the IBM’s Best Partner Award in the IBM Cloud for Telecom category. These recognitions highlight Bell Integrator’s expertise and achievements in the cloud computing market.

Mobile TeleSystems OJSC provides telecommunication services in Russia and the Commonwealth of Independent States. The company offers a range of mobile and fixed line voice and data telecommunications services, counting data transfer, broadband, pay-TV, and various value-added services, in addition to sells equipment and accessories.

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