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December 26, 2012
09:59 EDTVOLCVolcano enters supply agreement with Santec
Volcano Corporation disclosed in a regulatory filing that it has entered into a supply agreement under which Santec will supply Volcano with scanning lasers for use in Volcano's optical coherence tomography, or OCT, systems. Under the terms of the agreement, Santec will be responsible for manufacturing the lasers in accordance with Santec's specifications and agreed-upon quality standards. Volcano will initially purchase approximately $1.9M worth of lasers, which Volcano will pre-pay within 30 days of the date of the agreement. Volcano has agreed to purchase annual and/or life-of-contract minimum quantities of the lasers, which depending upon the timing and quantity of the purchases, will range from approximately $7.3M to approximately $9.4M over a three-year period. Unless earlier terminated, the agreement will be effective through March 31, 2016.
News For VOLC From The Last 14 Days
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August 11, 2014
12:43 EDTVOLCVolcano removed from Best Ideas List at Barrington
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August 8, 2014
10:00 EDTVOLCOn The Fly: Analyst Downgrade Summary
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06:18 EDTVOLCVolcano downgraded to Perform from Outperform at Oppenheimer
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August 7, 2014
16:32 EDTVOLCVolcano sees Q3 EPS (4c)-(6c), consensus (4c)
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16:31 EDTVOLCVolcano still sees 2014 EPS (16c)-(19c), consensus (19c)
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16:30 EDTVOLCVolcano settles with St. Jude, to seek divestiture of Axsun
Volcano (VOLC) announced that it will be seeking a divestiture of its Axsun Technologies subsidiary. In addition, the company said that it and St. Jude Medical (STJ) have agreed to settle all existing litigation between the two companies. Under terms of the settlement with St. Jude Medical, the parties have agreed to dismiss their lawsuits with prejudice, with neither party admitting liability to the other. Each party will be granted a release of liability for alleged misconduct, granted a license to all patents-in-suite and granted a covenant not to sue as to various current and future products. As part of the settlement agreement, no financial payments will be made to either party by the other.
16:28 EDTVOLCVolcano reports Q2 EPS 1c, consensus (5c)
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