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February 3rd, 2012: Today in Canadian Tech

Kurt Sorschak, CEO of Xebec Adsorption. Shares of the Xebec were up 42% after the company announced it was exploring strategic alternatives to the monetize its intellectual property portfolio.
As the markets closed out the week the The TSX was up .19% to 12,557, while the S&P Capped Information Technology Index was .93% to 26.74

Glentel (TSX:GLN) today renewed its normal course issuer bid, the TSX has authorized the company to buy back up to half a million shares. On January 30th, the Burnaby based company completed a NCIB that saw them repurchase 35,100 shares at an average price of $15.64. Shares of Glentel closed at today down 1.8% to $22.19

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Staying in British Columbia, Westport Innovations (TSX:WPT) announced that Navistar will offer the Cummins Westport ISL G in the International® TranStar and WorkStar trucks. Westport says The ISL G is the top natural gas engine in North America, with over 13,000 engines produced since it was first introduced in 2007. “While initial success was in the transit and refuse markets” says the company “more recently the conventional truck market has shown an interest in natural gas.” Shares of Westport Innovations closed down .2% to $39.16.

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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.


Softchoice (TSX:SO) announced it will host its fourth-quarter earnings call on February 14, 2012 at 8:00 am ET. The company’s Q3 revenue was up more than 16%, to $227.4-million (U.S.) from $195.5-million (U.S.) for the third quarter of 2010. Shares of Softchoice were up .5% to $12.41.

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Medicago (TSX:MDG), which develops plant based vaccines to combat new strains of influenza, said it plans to invest approximately $4-million to enhance the capacity of the pilot production facility located in Quebec City. Shares of the company closed up 1.8% to $.58 cents.

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And Xebec Adsorption (TSX:XBC) announced it had signed a letter of intent with a multinational company exploring strategic alternatives pertaining to the monetization of its intellectual property portfolio, including the patents and patent applications relating to its gas separation technology.Shares of Xebec closed up 42% to $.27 cents.

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About The Author /

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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