On Thursday, Infinera Corp. (NASDAQ:INFN)’s shares inclined 5.31% to $18.63.
Infinera Corporation, a provider of Intelligent Transport Networks, declared that it will participate in the following webcasted investment community event:
Needham Next-Generation Storage/Networking Conference - New York City, NY
Date: Thursday, November 5, 2015
Presentation: 12:15 pm ET / 9:15 am PT
Speaker: Brad Feller, Chief Financial Officer
Webcast: www.infinera.com, click on Company-Investor Relations
Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide.
MagneGas Corporation (NASDAQ:MNGA)’s shares dropped -2.96% to $1.31.
MagneGas Corporation (MNGA) declared that its wholly owned gas distribution subsidiary Equipment Sales and Services, Inc. (“E.S.S.I”) has received confirmation that a major industrial company is moving all of their welding gas and related product orders to E.S.S.I. The Company estimates that their annual sales from this one customer will exceed $400,000.
E.S.S.I. distributes MagneGas® fuel, industrial gases and related products and was attained by MagneGas Corporation as a wholly owned partner in late 2014. They have been pursuing this new customer for over 12 months through various demonstrations and executive meetings. The new customer has indicated they will be purchasing all of their industrial gases and welding products throughout the year from E.S.S.I and their initial orders have been placed and delivered. This customer formerly ordered their gases and welding products from an international multi-billion dollar MagneGas competitor. The customer stated that they are switching to E.S.S.I. due to the superior customer service and exclusive access to MagneGas2® fuel.
“This is a noteworthy win for our Company. We believe it proves the model that MagneGas2 can be used as a major door opener to these formerly inaccessible large customers. In addition, we have been hearing time and again that poor customer service from our competitors, combined with our exclusive MagneGas2 product offering is closing sales. We look forward to continue to pursue our sales strategy through our national expansion plans,” commented Ermanno Santilli, CEO, MagneGas Corporation.
MagneGas Corporation, an alternative energy company, creates and produces hydrogen based alternative fuel through the gasification of carbon-rich liquids in the United States and internationally.
At the end of Thursday’s trade, SYSCO Corporation (NYSE:SYY)‘s shares surged 0.40% to $41.71.
Sysco Corporation (SYY) will host a live conference call and webcast to talk about its first quarter fiscal 2016 financial results at 10 a.m. (Eastern), Monday, November 2. All interested parties are invited to listen online at investors.sysco.com. A replay of the webcast will be accessible online at investors.sysco.com shortly after the live webcast is accomplished.
Preceding to the conference call and webcast, the company will also issue a news release and post a slide presentation online at investors.sysco.com.
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.
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