Westaim (wedx) Zahlen - Buy

wedx hat gute Zahlen veröffentlicht. Im Nano Bereich sind die reveneus um 100 Prozent gestiegen und ifire positioniert sich!Ist im Vergleich zu US Nanos noch super günstig: Ist mit ca. 2- fachen des Buchwerts bewertet und hat noch genügend Cash. Charttechnisch müssen zunächst 4 $ Dollar überwunden werden dann ist erstmal Platz bis 6 $.

Westaim Announces 2003 Year-End Results
Thursday February 19, 3:00 pm ET


CALGARY, Feb. 19 /PRNewswire-FirstCall/ - The Westaim Corporation announced today that for the year ended December 31, 2003, it recorded a net loss of $34.5 million, or 44 cents per share compared to a net loss of $49.8 million, or 64 cents per share, in the previous year. The results included income from discontinued operations of $2.4 million in 2003 and losses from discontinued operations of $10.7 million in 2002. Revenues from continuing operations were $17.3 million in 2003 compared to $12.6 million in 2002.

For the three months ended December 31, 2003, the Company posted a net loss of $17.7 million, or 23 cents per share, on revenues of $3.6 million compared to a net loss of $9.4 million, or 12 cents per share, on revenues of $3.6 million in the previous year. For the quarter, losses from discontinued operations were $0.9 million in 2003 and $0.5 million in 2002.

The divisional loss from continuing operations for 2003 was $23.1 million, compared to a loss of $24.7 million in 2002. This loss primarily reflects the planned level of investment towards research and development in NUCRYST Pharmaceuticals and iFire Technology, Westaim's technology divisions.

At December 31, 2003, Westaim had $68.1 million in cash and equivalents, compared to $101.3 million in 2002. The Company has no debt. In January 2004, Westaim sold its Westaim Ambeon division for $35 million, further adding to its strong cash position.

"Westaim has made strategic decisions to both strengthen our balance sheet and increase focus on our two high-potential technology divisions, iFire Technology and NUCRYST Pharmaceuticals," said Barry M. Heck, President & CEO of Westaim. "Last year we saw NUCRYST enter its first human trials for a new atopic dermatitis drug and iFire successfully scale its proprietary flat panel display to 34 inches in size."

Review of Operations:

iFire Technology made important advancements with both technology progress and partner collaborations in 2003. Early in the year, iFire added Dai Nippon Printing Co., Ltd. (DNP) as a technology collaboration partner, and in 2004, this relationship has expanded to include pilot production of 34-inch iFire (TM) display modules to help iFire prove its low-cost manufacturing model. iFire's other major technology collaboration partner, Sanyo Electric Co., Ltd., has also contributed to the technical progress of iFire's technology.

In early 2003, iFire progressed from its traditional triple-patterned red, green and blue phosphors to the Color-by-Blue(TM) process where a single blue phosphor and color conversion materials are used. This created improvements in the display's performance and is projected to reduce future capital and production costs by approximately 15 per cent. By the end of the year, iFire successfully scaled its technology from 17 inches in size to 34 inches, the anticipated size of its initial product. Collaborative work with its partners DNP and Sanyo Electric, along with the new Color-by-Blue(TM) method made this accomplishment happen faster than anticipated.

NUCRYST Pharmaceuticals entered an important new chapter as a pharmaceutical company in 2003 when it began Phase 2 human clinical trials for its first drug candidate, (NPI 32101) for the treatment of atopic dermatitis, or eczema, and other skin conditions. The company believes that its nanocrystalline technology with dual anti-inflammatory and antimicrobial properties addresses both the inflammation associated with atopic dermatitis and the secondary infections that often accompany the disease.

NUCRYST's profitable wound care division continued to grow in 2003 with revenue of $16.2 million, compared to $8.3 million in 2002. The results for 2003 include a US$3.0 million milestone payment from NUCRYST's wound care partner Smith & Nephew plc for achievement of additional regulatory approvals in Europe.

Strategic Review:

In 2003 the Board completed a thorough, strategic review of the company and its businesses. As disclosed in last year's information circular, a Strategic Review Committee was formed to help facilitate this process. As part of this review, the Board and the Strategic Review Committee worked with independent advisors, including GMP Securities Ltd., who also acted as the exclusive financial advisor for the sale of Ambeon, and CIBC World Markets. The review reaffirmed Westaim's continued focus and commitment to iFire and NUCRYST. In its final report to the Board of Directors of Westaim, the Strategic Review Committee reached a number of recommendations and conclusions, which included:

      iFire Technology - The Committee believes that iFire has been, and
      continues to be, a significant opportunity for Westaim and that the
      continued support of iFire is justified. Although there are
      technology, manufacturing and marketing risks for the successful
      development by iFire of a commercial product, the magnitude of the
      potential rewards justifies Westaim's continued support.

      NUCRYST Pharmaceuticals - The Committee believes that the NUCRYST
      wound care business is a valuable asset and supports continuing to
      pursue further wound care opportunities with Smith & Nephew. Although
      monetizing the royalty stream of the wound care business is possible,
      the Committee concluded the value of this business could be
      substantially enhanced as the ability to achieve projected sales
      targets is proven. The Committee affirmed that NUCRYST should continue
      to fund its current Phase 2 human efficacy trials for atopic
      dermatitis. With respect to all other indications, the Committee
      recommends that NUCRYST's management continue to assess and develop
      its pharmaceutical strategy.


As disclosed in last year's information circular, the Board of Directors added two new members who were nominated by some of the company's large institutional shareholders. These new Board Members were Michael B.C. Davies and G. Wesley Voorheis, both of whom were members of the Strategic Review Committee. Now that the strategic review is complete, Mr. Davies and Mr. Voorheis have retired from the Board. Westaim thanks them for their contribution. As recommended by the Strategic Review Committee, Westaim's Board will commence a search for two new independent Board members.

Shareholder Rights Plan:

Westaim also announced today that its Board of Directors has approved the renewal of a shareholder rights plan designed to ensure the fair treatment of shareholders in the event of a take-over offer for the common shares of Westaim. This action has been taken as part of the Board's fiduciary responsibility to shareholders and is not in response to any specific effort to acquire control of the company. The plan is subject to regulatory approval, and must be ratified at Westaim's next annual meeting of shareholders. Full details of the plan will be included in the proxy circular that will be sent to all shareholders prior to the annual meeting.

The plan will provide Westaim's Board of Directors and shareholders more time to evaluate any unsolicited take-over bid and, if appropriate, to seek out other alternatives to maximize shareholder value. The plan will be in effect for six years, but must be reconfirmed by shareholders after a three- year period.

Under the plan, one right is issued and attaches to each outstanding common share at no cost. Rights issued under the plan become exercisable only when a person, including certain related persons, acquires or announces their intention to acquire 20 per cent or more of Westaim's outstanding common shares without complying with the "permitted bid" provisions of the plan or without the approval of Westaim's Board. Should such an acquisition occur, each right, if exercised, would entitle the holder, other than the acquiring person and persons related to it, to purchase Westaim's common shares at a price equal to half their current market value.

A "permitted bid" or offer for Westaim's common shares must be made to all shareholders. The offer must remain open for at least 60 days and must be accepted by a minimum of 50 per cent of the shares not already held by the bidder. If this occurs, the bidder may take up and pay for tendered shares, but must extend the offer for another 10 days. This will allow shareholders sufficient time to consider the bid and any other available options. It also gives Westaim's Board of Directors time to consider alternatives and make recommendations to shareholders. Westaim's plan is similar to plans adopted by a number of other Canadian companies.

About Westaim:

The Westaim Corporation's technology investments include: NUCRYST Pharmaceuticals, which researches, develops and commercializes wound care and pharmaceutical products based on its nanocrystalline silver technology; and iFire Technology, which has developed a revolutionary low-cost flat panel display. Westaim's common shares are listed on Nasdaq under the symbol WEDX and on The Toronto Stock Exchange under the trading symbol WED.

This news release may contain forward-looking statements, including but not limited to those concerning technology progress, partner collaborations, pilot production of display modules, anticipated size of initial display products, product development, technology, manufacturing and marketing risks, potential rewards of product development, and pharmaceutical strategy. These statements are based on current expectations that are subject to risks and uncertainties, and the Company can give no assurance that these expectations are correct. Various factors could cause actual results to differ materially from those projected in such statements, including the risk factors set forth in our Form 40-F as filed with the U.S. Securities and Exchange Commission. The Company disclaims any intention or obligations to revise forward-looking statements whether as a result of new information, future developments or otherwise. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement.

   THE WESTAIM CORPORATION
   Financial Highlights
   (unaudited)
   (thousands of dollars except per share data)

   --------------------------------------------------
                                                Twelve Months Twelve Months
                    Quarter Ended Quarter Ended         Ended         Ended
   Statement of      December 31,  December 31,  December 31,  December 31,
    Operations               2003          2002          2003          2002
   --------------------------------------------------

   Revenue              $   3,594     $   3,564     $  17,285     $  12,627
   Loss from continuing
    operations            (16,753)       (8,966)      (36,858)      (39,110)
   Net loss               (17,673)       (9,445)      (34,498)      (49,762)
   Loss per common share
    - basic & diluted
     Continuing
      operations            (0.21)        (0.11)        (0.47)        (0.50)
     Net loss               (0.23)        (0.12)        (0.44)        (0.64)
   Weighted average
    number of
    outstanding common
    shares (thousands)     78,073        78,033        78,045        77,924

   --------------------------------------------------

                                                Twelve Months Twelve Months
                    Quarter Ended Quarter Ended         Ended         Ended
                     December 31,  December 31,  December 31,  December 31,
                             2003          2002          2003          2002
   --------------------------------------------------
   Revenue
     Nucryst
      Pharmaceuticals   $   3,457     $   2,496     $  16,212     $   8,344
     iFire Technology           -         1,067           911         4,270
     Other                    137             1           162            13
   --------------------------------------------------
   Continuing
    operations          $   3,594     $   3,564     $  17,285     $  12,627
   --------------------------------------------------
   --------------------------------------------------
   Divisional Loss
     Nucryst
      Pharmaceuticals      (2,302)    $  (1,897)    $  (1,948)    $ (6,985)
     iFire Technology      (6,137)       (4,544)      (19,861)     (16,915)
     Other                   (215)         (218)       (1,284)        (841)
   --------------------------------------------------
   Continuing
    operations          $  (8,654)    $  (6,659)   $  (23,093)   $ (24,741)
   --------------------------------------------------
   --------------------------------------------------

   Balance Sheet                      December 31, 2003   December 31, 2002
   --------------------------------------------------
   Cash and short-term investments            $  68,137           $ 101,302
   Current assets                               107,767             145,167
   Other assets                                  37,139              39,016
   Current liabilities                           13,524              17,655
   Shareholders' equity                         123,818             158,214
   



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Source: Westaim Corporation  

Durch die Aufnahme zieht das Interesse deutlich an; die Umsätze in den letzten beiden Tagen waren stark und der Chart wird langsam richtig gut.

DJ Merrill Starts Nanotechnology Index Of 25 Stocks
The following companies will be included in the index: Amcol International (ACO), Applied Films (AFCO), Altair Nanotechnologies (ALTI), Biosante Pharmaceuticals (BPA), Caliper Life Sciences (CALP), Cabot Microelectronics (CCMP), Emcore (EMKR), FEI (FEIC), Flamel Technologies (FLML), Headwaters (HDWR), JMAR Tech (JMAR), MTS Systems (MTSC), Nanometrics (NANO), Nanophase Technologies (NANX), Nanogen (NGEN), NVE Corp. (NVEC), Universal Display (PANL), Pharmacopeia (ACCL), SkyePharma (SKYE), Symyx Technologies (SMMX), Three-Five Systems (TFS), Harris & Harris (TINY), Ultratech (UTEK), Veeco Instruments (VECO) and Westaim (WEDX).

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Westaim announces 2004 first quarter results
Wednesday May 5, 8:33 am ET  
NUCRYST Pharmaceuticals earns US$5 million milestone payment


CALGARY, May 5 /PRNewswire-FirstCall/ - The Westaim Corporation announced today that for the first quarter ended March 31, 2004, it recorded a net income of $1.0 million or one cent per share, on revenues of $10.4 million. In the same quarter last year, the company recorded a net loss of $1.2 million, or two cents per share, on revenues of $7.6 million.
In the first quarter of 2004, results included income from discontinued operations of $4.2 million compared to income from discontinued operations of $2.4 million in the same period of 2003. The net income from discontinued operations in the first quarter of 2004 includes a $5.4 million gain on the sale of the Company's Ambeon operating division. Ambeon was sold on January 29, 2004 for net proceeds of $33.4 million.

At March 31, 2004, Westaim had $87.5 million in cash and short-term investments, and no debt.

In the first quarter, NUCRYST Pharmaceuticals earned a US$5.0 million milestone from its wound care partner Smith & Nephew plc. NUCRYST and Smith & Nephew have an agreement for the global sales and distribution of Acticoat(TM) dressings for serious wounds, including burns and chronic wounds. The agreement includes up to US$56 million in milestone payments that can be earned upon the achievement of certain pre-determined sales and regulatory milestones. To date, NUCRYST has earned US$9.0 million in milestone payments under the agreement.

"Westaim has made considerable progress during the first quarter of 2004," said Barry M. Heck, President and CEO of Westaim. "iFire has made tremendous progress in the development of the 34-inch display in conjunction with its partners, Sanyo and Dai Nippon Printing. NUCRYST continues to see revenue growth from its SILCRYST(TM) division and is currently conducting Phase II human clinical efficacy trials of a new dermatology cream with its proprietary Rx nanocrystals for the treatment of atopic dermatitis."

Today, the Westaim Corporation is holding its Annual Meeting of Shareholders in Toronto, Canada at 10:00 a.m. (EDT). The meeting and accompanying investor briefing, which will provide an update on the company's businesses, will be webcast live and is available through the company website www.westaim.com. An archive of the webcast will be posted following the meeting.

The Westaim Corporation's technology investments include: NUCRYST Pharmaceuticals, which researches, develops and commercializes wound care and pharmaceutical products based on its nanocrystalline silver technology; and iFire Technology, which has developed a revolutionary low-cost flat panel display. Westaim's common shares are listed on Nasdaq under the symbol WEDX and on The Toronto Stock Exchange under the trading symbol WED.

   This news release may contain forward-looking statements. These
   statements are based on current expectations that are subject to risks
   and uncertainties, and the Company can give no assurance that these
   expectations are correct. Various factors could cause actual results to
   differ materially from those projected in such statements, including
   financial considerations and those predicting the timing and market
   acceptance of future products. The Company disclaims any intention or
   obligations to revise forward-looking statements whether as a result of
   new information, future developments or otherwise. All forward-looking
   statements are expressly qualified in their entirety by this Cautionary
   Statement.


   THE WESTAIM CORPORATION
   Financial Highlights
   (unaudited)
   (thousands of dollars)

   --------------------------------------------------
                                                Quarter Ended  Quarter Ended
                                                   March 31,      March 31,
   Statement of Operations                           2004           2003
   --------------------------------------------------
   Revenue                                        $   10,429     $    7,638
   Loss from continuing operations                    (3,178)        (3,648)
   Net income (loss)                                   1,008         (1,211)
   (Loss) income per common share - basic & diluted
     Continuing operations                             (0.04)         (0.05)
     Net income (loss)                                  0.01          (0.02)
   Weighted average number of outstanding
    common shares (thousands)                         78,094         78,033


   --------------------------------------------------
                                                Quarter Ended  Quarter Ended
                                                   March 31,      March 31,
   (thousands)                                       2004           2003
   --------------------------------------------------
   Revenue
     Nucryst Pharmaceuticals                      $   10,273     $    7,073
     iFire Technology                                      -            565
     Other                                               156              -
   --------------------------------------------------
   Continuing operations                          $   10,429     $    7,638
   --------------------------------------------------
   --------------------------------------------------

   Divisional Earnings (Loss)
     Nucryst Pharmaceuticals                      $    4,324     $    3,322
     iFire Technology                                 (6,483)        (3,960)
     Other                                              (198)          (228)
   --------------------------------------------------
   Continuing operations                          $   (2,357)    $     (866)
   --------------------------------------------------
   --------------------------------------------------


   --------------------------------------------------
                                                   March 31,    December 31,
   Balance Sheet                                     2004           2003
   --------------------------------------------------

   Cash and short-term investments                $   87,481     $   68,137
   Current assets                                    103,174        107,767
   Other assets                                       38,521         37,139
   Current liabilities                                10,048         13,524
   Shareholders' equity                              124,938        123,818




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