Boston, MA 03/20/2014 (wallstreetpr) – Digital Power Corporation (NYSEMKT:DPW) closed at a record level of 44.51% on Wednesday as the company announced that it had received a five-year contract from Israel Aerospace Industries.As per the contract, Digital Power will deliver its multiple outputconverter with low-voltage power supply (LVPS) to IAI,till the term of the contract. The agreement covers the manufacturing and delivery of the LVPS modules. IAI is said to use these modules to feed the TAMAM Modular Azimuth Position System (TMAPS), a navigation system used by the Israel Defense Forces (IDF) in tactical warfare.
IsoRay, Inc. (NYSEMKT:ISR) rocked the day by reaching over 150%, its high in the last five-year as the company made a statement of accomplishing a major landmark in tumor treatment. On Wednesday, IsoRay announced the successful first-of-its kind treatment of a tumor present in a pediatric patient, which was carried out through multiple Cesium-131 sutured seed meshes. Dr. Anthony Crimaldi at Levine Cancer Institute in Charlotte successfully completed the implant through the use of its Cesium-131 brachytherapy mesh. The patient, who received the treatment was a 12-year-old boy with a kidney tumor.
According to the sources close to the matter, Siebert Financial Corp. (NASDAQ:SIEB) is out looking for a sale option of its business. The financial company is reportedly working with Raymond James Financial Inc., in order to find a buyer that could fetch over $50 million in a sale. Two people familiar with the matter said that the company is comparatively small to draw bids from private equity and therefore, stands a chance to get attention from larger discount brokerages such as E*Trade Financial Corp. (ETFC) and the likes of TD Ameritrade Holding Corp. and Scottrade Inc. As per the e-mail statement by a company’s spokesman Tom Butler, Siebert Financial Corp. (NASDAQ:SIEB) is on a look out of opportunities to grow and boost its offerings, which will include strategic alliances.
