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SHANGHAI VENTURES INVESTS $2.1 MILLION IN ADVANTECH GLOBAL LIMITED

Shanghai Ventures has signed a commitment to invest $2.1 million in Series B and Series C stock offerings issued by Advantech Global Limited.  The capital, which is part of a $15 million total offering, will be used to build a pilot production line that will dramatically reduce the cost of manufacturing OLED television displays and Electronic Shelf Labels backplanes.  This will be the only production line of its kind in the world.

“We believe Advantech’s next generation technology will revolutionize the TV industry in the same way that its founder’s, Dr. T Peter Brody, invention of AM-LCD did in the 1990’s,” said David Spivey, President of Shanghai Ventures.  “By enabling AM-OLED TV’s to be produced for similar or lower costs as LCD TV’s, we fully expect Advantech to be the worldwide leader in OLED TV backplane manufacturing, and we are privileged to be a part of this enormously exciting opportunity.”

Advantech has received $12 million in funding by the Pan family since 2004.  The Pan family is investing an additional $12 million in these offerings.  Advantech was funded by Compaq Computer Corporation prior to 2004.

www.advantechus.com

EISENWERK SULZAU-WERFEN (ESW) ACQUIRES MILLER CENTRIFUGAL CASTING COMPANY: SETS SIGHTS ON EXPANDING GLOBAL MARKET REACH

CECIL, Pa. (August 4, 2009) – Miller Centrifugal Casting Company (MCC) based in Cecil, Pa., announced today that Austria-based Eisenwerk Sulzau-Werfen (ESW) has purchased MCC in order to grow its global market presence.

ESW, originally founded in 1770, is a leading producer of high quality rolls for the steel industry (hot rolling mills for flat rolled products) and currently exports to more than 50 countries.  Adding significantly to ESW’s marketplace position and product portfolio, MCC is North America’s dominant producer of steel mill sleeves used in the production of long products (primarily structured steel sections and tubular products utilized in commercial, bridge and highway construction; as well as oil and gas exploration).  MCC is also North America’s number one producer of large gear blanks (used in the power generation, metal, mining and construction equipment markets).

Said MCC’s President, Ian Sadler, “This acquisition reflects a strategic growth initiative enabling ESW and its wholly-owned subsidiary, MCC, to pursue new and emerging global market opportunities in the metals sector.  The combination of their technological strengths, R&D capabilities and dominant market positions yields superior capacity for expansion and long-term sustainability.  Additional capital investment by ESW is anticipated at MCC, as well as the creation of new jobs in the future.”

Terms of the sale remaining confidential, MCC will continue operating under its current name; and the company reports there are no plans to eliminate any jobs at the Cecil-based facility, which has 47 employees.

Carnegie Learning

Carnegie Learning, Inc., publisher of innovative, research-based math solutions for middle school, high school, and post-secondary students, reports that Deer Valley Unified School District in Phoenix, Arizona purchased Carnegie Learning® Algebra I Curriculum for all five District high schools. Beginning this school year and extending through 2014, the Carnegie Learning® Algebra I will be used with students in grades 9 through 12 as the core ninth grade math curriculum at one site, and as the supplemental response to intervention solution in four schools.Usually August is a pretty quiet month for tech

Usually August is a slow month for tech news. Everyone’s on vacation or generally fnding an excuse to not be at work. August has started off with a bang. We’ve got the headlines to prove it:

Shanghai Ventures has signed a commitment to invest $2.1 million in Series B and Series C stock offerings issued by Advantech Global Limited.  The capital, which is part of a $15 million total offering, will be used to build a pilot production line that will dramatically reduce the cost of manufacturing OLED television displays and Electronic Shelf Labels backplanes.  This will be the only production line of its kind in the world.  Advantech has received $12 million in funding by the Pan family since 2004.  The Pan family is investing an additional $12 million in these offerings.  Advantech was funded by Compaq Computer Corporation prior to 2004.

Miller Centrifugal Casting Company (MCC) based in Cecil, Pa., announced that Austria-based Eisenwerk Sulzau-Werfen (ESW) has purchased MCC in order to grow its global market presence.

ESW, originally founded in 1770, is a leading producer of high quality rolls for the steel industry (hot rolling mills for flat rolled products) and currently exports to more than 50 countries.  Adding significantly to ESW’s marketplace position and product portfolio, MCC is North America’s dominant producer of steel mill sleeves used in the production of long products (primarily structured steel sections and tubular products utilized in commercial, bridge and highway construction; as well as oil and gas exploration).  MCC is also North America’s number one producer of large gear blanks (used in the power generation, metal, mining and construction equipment markets).

Terms of the sale remaining confidential; MCC will continue operating under its current name; and the company reports there are no plans to eliminate any jobs at the Cecil-based facility, which has 47 employees.

Carnegie Learning, Inc., publisher of research-based math solutions for middle school, high school, and post-secondary students, reports that Deer Valley Unified School District in Phoenix, Az., purchased Carnegie Learning® Algebra I Curriculum for all five District high schools. Beginning this school year and extending through 2014, the Carnegie Learning® Algebra I will be used with students in grades 9 through 12 as the core ninth grade math curriculum at one site, and as the supplemental response to intervention solution in four schools.