Zoltek Corporation just announced that the U. S. Court of Federal Claims has ruled in their favor in their carbon fiber patent litigation against Lockheed Martin, and will allow the company to pursue its patent claims against Lockheed Martin in Atlanta’s Federal District Court.
Zsolt Rumy, Zoltek’s Chairman and CEO, had this to say about the case:
… Read the rest“We are pleased that the Court of Federal Claims ruled in our favor and cleared the way for
Zoltek (ZOLT), provider of carbon materials that go into the manufacturing of wind turbines reported results this morning that beat analyst estimates by .02/share when excluding a one time legal fee charge. The company reported earnings of .22/share (10% below the year ago quarter) on revenues of 51 million, which was good for a 17% increase over the year ago quarter.
CEO Zsolt Rumy stated, “The fundamentals of alternative energy generally — and wind energy … Read the rest
Zoltek (ZOLT) is once again in compliance with Nasdaq listing requirements after filing a delayed 2nd quarter report and amended reports from previous quarters. The delay was due to an internal investigation related to unauthorized or unreported payments to companies which resulted in the resignation of CFO Kevin Schott. … Read the rest