February 3rd, 2012: Today in Canadian Tech

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

Full story

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.

Full story

__

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.

Full Story

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.

Full Story

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.

Full Story

____________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________