Tech Business Review: Ascent Shares ASCEND, IBM Goes To KENYA
Here are Monday’s top stories:
Level 3 Communications, Inc. (NASDAQ:LVLT) agrees to a multi-year agreement that will expand Time Warner Cable’s (NYSE:TWC) national network, and provide additional core infrastructure services. Additionally, the firms have agreed to exchange IP traffic between their respective backbone networks.
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Yingli Green Energy Holding Company Limited (NYSE:YGE) shares move up on the day on word that it obtained the first JIS Q8901 certification from Japan, which specifies national requirements for system reliability regarding design, production and product warranty for photovoltaic modules. The firm says that the certification will help it “establish long-term cooperative relations with Japanese consumers.”
Shares of Ascent Solar Technologies Inc. (NASDAQ:ASTI) gained more than 20 percent following the announcement of a solar-powered charger for Samsung’s blockbuster Galaxy S III. The charger will be built into a protective case that also contains a battery. The company already offers a combo EnerPlex charger and case for the iPhone 4S.
International Business Machines Corporation (NYSE:IBM) is establishing a research and development laboratory in quickly-growing Kenya and also says that it might open facilities elsewhere in Africa in the future. Government information tech and urban resource management are two of the areas upon which the new lab in Kenya will concentrate. Arik Hesseldahl notes that IBM has “long had a peculiar affection for Africa,” and currently does business in 20 nations on that continent.
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