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February 2nd, 2012: Today in Canadian Tech

Canadian Stock News Cantech

Finavera CEO Jason Bak with former US President Bill Clinton. Finavera released a corporate update today in which Bak said: "Finavera currently finds itself at an inflection point and we believe that the Company is on the cusp of a significant re-valuation."
Finavera CEO Jason Bak with former US President Bill Clinton. Finavera released a corporate update today in which Bak said: "Finavera currently finds itself at an inflection point and we believe that the Company is on the cusp of a significant re-valuation."
The TSX was up +35.82 points to 12,553.48, a gain of 0.29%
Meanwhile, the S&P/TSX Capped Information Technology Index was up 3.65% to 26.98.

Here’s who said what in the world of Canadian tech stocks today:

Norsat (TSX: NII) announced the appointment of Ivan Gissing as General Manager of its Sinclair Division.

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Amaya Gaming (TSXV:AYA) agreed to terms on its offer to buy CryptoLogic (TSX:CRY). The offer values Cryptologic at approximately (US) $35.8 million.

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Today’s news is brought to you by Cantech Letter sponsor BIOX (TSX:BX). The largest producer of biodiesel in Canada, BIOX’s proprietary production process has the capability to use a variety of feedstock, including recycled vegetable oils, agricultural seed oils, yellow greases and tallow. For more information CLICK HERE.

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Finavera Wind Energy (TSX:FVR) released a corporate update. CEO Jason Bak said “The jump in value we expect as we drive these from early stage development to a fully permitted construction stage will be significant. Finavera currently finds itself at an inflection point and we believe that the company is on the cusp of a significant revaluation.”

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Zecotek Photonics (TSXV:ZMS) announced it signed a joint development agreement with NuCare Medical Systems of Seoul, Korea to integrate a high performance positron emission tomography (PET) medical scanning device using Zecotek’s patented LFS scintillation crystals, solid-state MAPD photo detectors and a new data acquisition board and readout system.

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Descartes (TSX:DSG) announced it will report its fourth quarter and fiscal year 2012 financial results before market open on Thursday, March 8, 2012.

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About The Author /

Nick Waddell
Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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