Scana Industrier asa: SCI: Agreement regarding a directed issue of 9.9% of the shares in TTS Group

Reference is made to the press-release sent 5 July 2010 and today regarding RS Platou
Markets AS’ order to purchase up to 10% of the shares in TTS Group ASA.

TTS Group has entered into an agreement with Scana Industrier ASA to issue 6,722,920
shares in TTS Group ASA at a price of NOK 6.30 per share, constituting 9.9% of the share
capital in TTS Group through a private placement of shares.

RS Platou Markets AS acted as sole advisor in the transaction.

As a consequence of the purchase, Scana Industrier ASA will own 9.9% of the share
capital in TTS Group.

The issuance of shares to Scana Industrier ASA will be made by TTS Group’s board
pursuant to authorization granted by the company’s general meeting held on 3 June 2010
and is expected to be completed within the end of this week.

For further information, please contact:

Christian Rugland, CFO Scana Industrier ASA, tel. +47 952 952 55 (cru@scana.no)

Rolf Roverud, CEO Scana Industrier ASA, tel. +47 911 67 581 (rro@scana.no)

Frode Alhaug, Chairman Scana Industrier ASA, tel. +47 906 44 875

Johannes D. Neteland, President & CEO TTS Group ASA, tel. +47 918 46 906

This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian
Securities Trading Act)

Natural hydrogel may boost spinal cord healing

Washington, Sep 18 (ANI): A jab of biomaterial gel into a spinal cord injury site may significantly improve healing, according to researchers at the Barrow Neurological Institute at St. Joseph’s Hospital and Medical Center.

Dr. Mark Preul and Dr. Alyssa Panitch have found in a study that injection of an engineered hydrogel made up mainly of hyaluronic acid (a naturally-occurring body substance) into the spinal cord injury site decreases scarring, and promotes a realignment of the spinal cord fibres around the injury site.

The hyaluronic acid, which forms a scaffold-like configuration may help to structurally stabilize the spinal cord injury site.

The researchers traced cells in the brain stem after injury, and found much higher levels in the hydrogel treated animals as compared to animals that did not receive the treatment, and approached nearly normal levels.

Treated animals had higher functional scores than their non-treated counterparts.

“Spinal cord injury is devastating to civilian and military populations – especially to the young. There has been little progress toward paradigms of regeneration and few results that show real, sustained functional recovery. We’ve been so pre-occupied with regeneration, but that is a highly complicated and difficult to define goal. This project is a synergy of neurosurgeons and bioengineers that attempts repair of the SCI lesion cavity using a tissue-engineering biomaterials approach,” says Preul.

He added that the team aimed at finding ways to structurally allow the body to better heal itself.

“In this project we did not add anything to the hyaluronic acid. It may be that adding growth factors or cells into the gel matrix may allow even better results,” he said.

Preul said that the results show “we may be on a practical path that can give hope to the many people who suffer this sort of injury.”

The work was presented at the Annual Meeting of the American Association of Neurological Surgeons in San Diego where it won the Synthes Prize for Spine Research. (ANI)

Electrical nerve stimulation may relieve neuropathic pain after spinal cord injury

Washington, Sept 12 (ANI): A new study has revealed that electrical nerve stimulation can effectively reduce neuropathic pain following a spinal cord injury.

Neuropathic pain is often difficult to relieve and usually managed with drugs such as antidepressants or anticonvulsants.

In the new study, researchers assessed the short-term effects of high- and low-frequency transcutaneous electrical nerve stimulation (TENS) on neuropathic pain following SCI.

The participants were instructed to treat themselves three times daily for two weeks. After a two-weeks, patients switched stimulation frequencies and repeated the procedure.

They found that 29 percent of patients reported a favourable effect from high-frequency TENS and 38 percent from low-frequency stimulation.

Twenty-five percent of the patients were, at their request, prescribed TENS stimulators for further treatment at the end of the study.The researchers suggest that existing studies have shown that TENS may be an effective complement to the pharmacological approach to neuropathic pain management in patients with SCI.

The study published in the Journal of Rehabilitation Research and Development. (ANI)

Stock Futures Add 7.2 Cr Shares In OI On April 08

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Stock Futures Add 7.2 Cr Shares In OI On April 08Stock futures added 7.2 crore shares in open interest, OI on April 08, 2009 (Wednesday). In Nifty futures, FIIs remained net buyers to the tune of Rs 909.6 crore wherein Open Interest surged by 41,654 contracts.

Reliance Industrial Infrastructure was the best performer on Wednesday. It gained 46% and its Open interest (OI) doubled to 3.5 lakh shares. The stock climbed up 93% in 2 trading sessions.

Stock futures on April 08 appended 7.2 crore shares in open interest.

Foreign Institutional Investors (FIIs) were net buyers in the equity segment worth Rs 909.6 crore in Nifty futures on April 8.

The Open Interest went up by 41,654 contracts. But, they net sold Rs 636.8 crore in Stock Futures in which Open Interest remained up by 9,799 contracts.

The Nifty April futures appended 27 lakh shares in OI and marked their closure with 12.5 points premium as against 4 points premium a day ago.

Nifty 3300 put added up 8.6 lakh shares in OI and Nifty 3500 call appended 6.4 lakh shares in Open Interest.

The discount of Unitech reduced to 0.2 points, and the stock surged 7% and its futures zoomed up by 8.5%. Its futures Open Interest was up by 10%.

The arbitrage positions were seen in Ispat and SCI. Ispat gained 8.3%, but its cost of carry, CoC was down and futures Open Interest was up by 8%.

On the other hand, SCI stock surged 3.4% whereas its CoC remained weak. Its futures open interest was up by 78%.

On Wednesday, fresh long positions were seen in NTPC, which climbed up 6.6%. Its CoC was up as well and futures Open Interest was up by 11%.

The star performer on Wednesday was Reliance Industrial Infrastructure, which zoomed 46% and its open interest (OI) increased two fold to 3.5 lakh shares. The stock went up 93% in 2 days.