BioShaft Water Technology Inc
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Industrials : Commercial Services & Supplies | Company profile

Bioshaft Water Technology, Inc. is engaged in treating both industrial waste-water, primarily from the food and beverage sector and domestic waste-water. The Company's product is a domestic waste water treatment plant system. As of April 30, 2016, it has over 30 domestic waste water plants in use around the world that use the BioShaft technology, which is made using BioShaft unit. BioShaft unit works by emulating and accelerating a natural process found in rivers. The waste water treatment plant system for which the Company uses its BioShaft unit is called the BioShaft System. Its BioShaft System consists of over four treatment phases with BioShaft unit used in the second treatment phase. The four treatment phases are Mechanical/Primary Treatment Phases (Pretreatment phase), Biological/Secondary Treatment Phase, Tertiary Treatment Phase and Sludge Treatment. Its turbo moving bed bio reactor (T-MBBR) BioShaft Packaged system is mobile and delivered ready for immediate installation.

Closing Price
$0.007
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.007
Day's Low
0.007
Volume
(Heavy Day)
Volume:
5,000

10-day average volume:
3,931
5,000

MongoDB's stock tumbles after Amazon's AWS launches competitive service

2:23 pm ET January 10, 2019 (MarketWatch)
Print

Shares of MongoDB Inc. (MDB) tumbled 12% in afternoon trade Thursday, after Amazon.com Inc.'s (AMZN) Amazon Web Services (AWS) announced a new service--DocumentDB--that competes with the database platform company's service. AWS said DocumentDB will support MongoDB workloads. "Developers can use the same MongoDB application code, drivers, and tools as they do today to run, manage, and scale workloads on Amazon DocumentDB and enjoy improved performance, scalability, and availability without having to worry about managing the underlying infrastructure," AWS said in a statement late Wednesday. D.A. Davidson analyst Rishi Jaluria reiterated his neutral rating on MongoDB, saying that while some of the competitive concerns may be "overblown," he views the stock as "fully valued." Meanwhile, Instinet analyst Christopher Eberle reiterated his reduce rating. He said MongoDB's commitment to implementing license changes for MongoDB Community, which he believes won't be approved by the Open Source Initiative (OSI), "may force developers to us competitive solutions." Eberle said that while MongoDB had no choice to implement changes, in response to alleged abuse by cloud service providers, "the necessary changes also come with significant risk." MongoDB's stock has still rallied 18% over the past three months and 163% over the past 12 months, while the S&P 500 has lost 7.0% the past three months and slipped 5.7% the past year.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 10, 2019 14:23 ET (19:23 GMT)

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