Leaf Completes a $10 Million Investment in MaxWest Environmental Systems, Inc.
HOUSTON, Aug 18, 2008 -- Leaf Clean Energy Company ("Leaf") (AIM: LEAF: ), an AIM listed company incorporated for the purpose of investing in clean energy companies and projects in North America, is pleased to announce the completion of a $10 million Series A preferred stock financing in MaxWest Environmental Systems, Inc. ("MaxWest").
MaxWest seeks to deploy proprietary waste-to-energy gasification technology using a variety of waste streams including municipal solid sludge, agricultural waste and other biomass-based material. The MaxWest gasification system represents a low cost, environmentally friendly solution that is an alternative to traditional waste disposal and provides a source of clean renewable energy. Within the wastewater treatment market, MaxWest believes it is first to market with a comprehensive, onsite, commercial-grade waste disposal system utilizing biosolids streams to produce renewable energy.
The MaxWest system is uniquely modular and scalable and has been proven commercially at five different sites throughout North America. The Company will enter into long term contracts to build, own and operate these facilities under waste disposal and/or energy supply contracts with its customers. Peter Tom, Chairman of Leaf, said: "This investment in MaxWest further balances Leaf's portfolio with unique waste-to-energy technologies and capital project opportunities. Now, with Leaf's other investments, the Leaf portfolio includes investments across a spectrum of clean energy, including waste-to-energy, biomass energy, alternative fuels, solar energy and hydroelectric."
Simon Shaw, Director of Energy & Climate Advisors, said: "With environmental concerns high on the political agenda, Leaf is enthused to be backing a company such as MaxWest that offers a real solution to how we best deal with society's waste and energy predicaments."
Dan Shapiro, Director of Energy & Climate Advisors, said: "MaxWest represents a unique entry into the emerging waste-to-energy market and provides customers with an option to lower energy costs while reducing environmental impacts associated with traditional waste disposal methods."
Richard Heien, President of MaxWest Environmental Systems, Inc., said: "MaxWest is extremely pleased to have a company the caliber of Leaf Clean Energy as a strategic investor. Leaf's commitment to MaxWest provides further confirmation of our gasification technology and its application in the biomass waste markets. This investment will allow the Company to accelerate the integration of its technology into these markets and advance the Company's mission of turning today's waste problems into tomorrow's green, renewable energy."
SOURCE: MaxWest Environmental Systems, Inc. For MaxWest Environmental Systems, Inc., HoustonThe Environmental PR GroupKelly Diedring, 813-948-6400Kelly@eprgroup.com
Get insight into cleantech and renewable energy stocks with news and the cleantech and climate change podcast. This blog is part of www.investorideas.com cleantech investor content .
Monday, August 18, 2008
Renewable Energy Stocks Green Investor Podcast, with CEO of Industrial Biotechnology Corporation, Focusing on Brazilian Sugarcane Ethanol
Renewable Energy Stocks Green Investor Podcast, with CEO of Industrial Biotechnology Corporation, Focusing on Brazilian Sugarcane Based Ethanol Chemicals and Fuels
“A strong demand and interest for renewable packaging solutions”
POINT ROBERTS, WA and DELTA, BC August 18, 2008 www.Renewableenergystocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a green investor podcast with Andy Badolato, CEO of Industrial Biotechnology Corporation (OTCPK: IBOT).
Industrial Biotechnology Corporation (OTCPK: IBOT), utilizes sugarcane ethanol for energy solutions and environmentally friendly chemicals for consumer packaging, energy, agricultural, pesticides, materials and polymer industries.
Mr. Badolato discusses the Company's two operating subsidiaries, Renewable Chemicals Corporation that utilizes sugarcane feedstock as an alternative to petroleum based chemicals and
Renewable Fuels of America Inc., an importer and distributor of Brazilian sugarcane ethanol to targeted coastal areas.
According to Mr. Badolato, “The company’s current business models root were developing commercial biological technologies and solutions for the chemical industry. In the marketplace we became aware of the growing trends towards sustainable eco-efficient solutions using renewable resources. We saw a real need and opportunity for the next wave, after the use of ethanol as an alternative fuels, for bio-renewable chemicals. There is a strong demand and interest for renewable packaging solutions. Wal-Mart (Market, News) for example, has initiated and pioneered a very strong sustainability initiative that focuses on reducing packaging and adherence to sustainable practices.”
In elaborating on his current partners, “We went about developing partners and providers in the supply chain to deliver bio-renewable chemicals. We met Cosan SA (Market, News) approximately a year ago. Cosan is the world’s largest processor of sugarcane ethanol, which happens to be 7-8 times more efficient than corn feedstock, has significantly less carbon impact, and is not a competing food source”
Updating Renewable Fuels of America Inc., Mr. Badolato notes, “We anticipate revenues shortly and are in process of negotiating final agreements. We have identified distributors, storage facilities, and of course have supply in place with Cosan. “
To hear full audio click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081408c.mp3
About Industrial Biotechnology Corporation (OTCPK: IBOT): Industrial Biotechnology Corporation provides products, services and technologies using renewable resources as an alternative to petroleum. IBC utilizes sugarcane based ethanol which is considered the leading cost efficient, energy balanced and environmentally sustainable feedstock source, when compared to petroleum and other alternative fuels. IBC will provide these cost competitive, environmentally responsible solutions via its operating subsidiaries Renewable Chemicals Corporation (RCC) and Renewable Fuels of America Corporation (RFAC).
For more information on Industrial Biotechnology Corporation visit the Investorideas.com showcase at: http://www.investorideas.com/CO/IBOT/Default.asp and the company’s website at: http://www.industrialbiotechnology.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Hear more audio interviews at the Investorideas.com Green Investor Audio Series:
http://www.investorideas.com/gi/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: Industrial Biotechnology Corporation: $5000 per month for green investor showcase program #1. Additional compensation - 150,000 144 shares over 12 month period issued quarterly.
www.InvestorIdeas.com/About/Disclaimer.asp
Investor Info and Regulation for Pinks Sheets: http://www.pinksheets.com/pink/otcguide/investors_protection.jsp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, Industrial Biotechnology Corporation
“A strong demand and interest for renewable packaging solutions”
POINT ROBERTS, WA and DELTA, BC August 18, 2008 www.Renewableenergystocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a green investor podcast with Andy Badolato, CEO of Industrial Biotechnology Corporation (OTCPK: IBOT).
Industrial Biotechnology Corporation (OTCPK: IBOT), utilizes sugarcane ethanol for energy solutions and environmentally friendly chemicals for consumer packaging, energy, agricultural, pesticides, materials and polymer industries.
Mr. Badolato discusses the Company's two operating subsidiaries, Renewable Chemicals Corporation that utilizes sugarcane feedstock as an alternative to petroleum based chemicals and
Renewable Fuels of America Inc., an importer and distributor of Brazilian sugarcane ethanol to targeted coastal areas.
According to Mr. Badolato, “The company’s current business models root were developing commercial biological technologies and solutions for the chemical industry. In the marketplace we became aware of the growing trends towards sustainable eco-efficient solutions using renewable resources. We saw a real need and opportunity for the next wave, after the use of ethanol as an alternative fuels, for bio-renewable chemicals. There is a strong demand and interest for renewable packaging solutions. Wal-Mart (Market, News) for example, has initiated and pioneered a very strong sustainability initiative that focuses on reducing packaging and adherence to sustainable practices.”
In elaborating on his current partners, “We went about developing partners and providers in the supply chain to deliver bio-renewable chemicals. We met Cosan SA (Market, News) approximately a year ago. Cosan is the world’s largest processor of sugarcane ethanol, which happens to be 7-8 times more efficient than corn feedstock, has significantly less carbon impact, and is not a competing food source”
Updating Renewable Fuels of America Inc., Mr. Badolato notes, “We anticipate revenues shortly and are in process of negotiating final agreements. We have identified distributors, storage facilities, and of course have supply in place with Cosan. “
To hear full audio click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081408c.mp3
About Industrial Biotechnology Corporation (OTCPK: IBOT): Industrial Biotechnology Corporation provides products, services and technologies using renewable resources as an alternative to petroleum. IBC utilizes sugarcane based ethanol which is considered the leading cost efficient, energy balanced and environmentally sustainable feedstock source, when compared to petroleum and other alternative fuels. IBC will provide these cost competitive, environmentally responsible solutions via its operating subsidiaries Renewable Chemicals Corporation (RCC) and Renewable Fuels of America Corporation (RFAC).
For more information on Industrial Biotechnology Corporation visit the Investorideas.com showcase at: http://www.investorideas.com/CO/IBOT/Default.asp and the company’s website at: http://www.industrialbiotechnology.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Hear more audio interviews at the Investorideas.com Green Investor Audio Series:
http://www.investorideas.com/gi/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: Industrial Biotechnology Corporation: $5000 per month for green investor showcase program #1. Additional compensation - 150,000 144 shares over 12 month period issued quarterly.
www.InvestorIdeas.com/About/Disclaimer.asp
Investor Info and Regulation for Pinks Sheets: http://www.pinksheets.com/pink/otcguide/investors_protection.jsp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, Industrial Biotechnology Corporation
Friday, August 15, 2008
Investorideas.com Water Stocks Podcast; Neil Berlant Updates Performance of the PFW Water Fund (PFWAX) and opportunities within the Water Industry
Investorideas.com Water Stocks Podcast; Neil Berlant Updates Performance of the PFW Water Fund (PFWAX) and opportunities within the Water Industry
Water Stocks Sector Dominated by Individual Investors, Not Institutions
POINT ROBERTS, WA and DELTA, BC –August 15, 2008 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents an” investing in water” podcast with Neil Berlant, Fund Manager of the PFW Water Fund updating the performance of the PFW Water Fund and the growth in the water sector.
According to Neil Berlant , “The PFW Water Fund is considerably out-performing both its peers in the industry and the general stock market. The industry as an investment arena is getting a great deal more attention.”
Mr. Berlant expounds on the problems and opportunities in the water industry and how this comes together as the largest business area we have in our life.
To listen to the interview http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081408b.mp3
To hear previous audios from Neil Berlant and other water experts: http://www.investorideas.com/ws/
Investing in Water Podcast RSS Feed: http://www.investorideas.com/Podcasts/water.xml
About Neil Berlant:
Fund Manager of the PFW Water Fund - PFW Water A (PFWAX)
Since 1968, Neil has been continuously involved in the investment banking industry, either as a principal, officer, or founder of several firms. He has supervised and initiated the publication of numerous investment research reports on the water industry and conducted conferences directed towards top corporate management, the investment community, and venture capitalists. He has been a speaker at conferences on topics ranging from financing, to business and investment opportunities in the water industry. In addition, he has consulted to Fortune 500 companies and participated in negotiations concerning mergers, acquisitions, and venture capital investments. He is quoted frequently in newspapers including the Wall Street Journal, The New York Times, Los Angeles Times, Investor's Business Daily, and is a frequent water expert on CNBC.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure:
www.InvestorIdeas.com/About/Disclaimer.asp
For More Information Contact:
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com
Source: Water-Stocks.com
Thursday, August 14, 2008
Mantra Venture Group Enters into LOI with China Based Manufacturer of Outdoor Solar Lights, LED Lights, Solar Power Home Generation Systems, Wind & So
Mantra Venture Group Enters into LOI with China Based Manufacturer of Outdoor Solar Lights, LED Lights, Solar Power Home Generation Systems, Wind & Solar Hybrid Power Systems
Mantra China Ltd. Enters into Agreement with E.S.D. Environmental
Protection and Technology Co., Ltd.
OTCBB: MVTG FRANKFURT: 5MV
SEATTLE, Aug. 14 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to announce that it has entered into a Letter of Intent to enter into Exclusive Distribution Agreement with E.S.D. Environmental Protection and Technology Co., Ltd. ("E.S.D.") of the Peoples Republic of China. The Exclusive Distribution Agreement will allow Mantra to bring a number of innovative new products into the North American marketplace. These products are of interest to Mantra because they will contribute to a cleaner, greener world and to the reduction of carbon dioxide from day-to-day human activities.
E.S.D.(website: http://www.donghailongcn.com) is located in Dongguan, Guangdong, mainland China, approximately a 1.5 hour drive from Hong Kong. E.S.D. has over 800 employees, including a team of highly qualified engineers and photovoltaic experts. They are one of the leading supplies of solar products and stay on the cutting edge of designing and manufacturing renewable solar energy products. E.S.D. develops and manufactures innovative outdoor solar lights, LED lights, solar power home generation systems, wind and solar hybrid power systems, solar charge controllers and other related products. These products cover over 50 product lines with more than 200 products. These products generate annual revenues of approximately US $30 million.
The Letter of Intent is entered into with Mantra China Ltd., a subsidiary of Mantra.
Mr. Dan Funaro, a member of Mantra's Corporate Advisory Board has traveled to China a number of times to establish the relationship and to explore how Mantra will work with its partner. "This is not about specific products, it is about creating a two-way communication channel about green, sustainable, renewable products that will benefit both parties over the years", he said.
Mantra China will selectively import chosen products which it sees as value to the North American market and will ensure that they are reviewed, tested and approved for use in North America. These products will then be launched, and subsequently driven to achieve their niche in the marketplace. In addition, Mantra China will represent the various other Mantra subsidiaries in taking their new "green" technologies generated by Mantra in North America, into China.
Larry Kristof, Mantra's C.E.O., commented "in making this agreement with E.S.D. we have become aware of the remarkable resources that exists in this company and in China generally. We intend to mine the innovative technologies being developed there and to ensure their exposure to the wider world. This is true two-way trade, and it supports the Mantra vision: sustainable, renewable and profitable."
More info on the Mantra's China subsidiary, as well as updates on all other projects within Mantra's portfolio, can be heard in a recent audio interview. Investorideas.com interviews C.E.O. Larry Kristof, with added insight provided by Fred Enga of Northwind Ethanol. Audio: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081208a.mp3
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Profitability Through Sustainability
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
Mantra China Ltd. Enters into Agreement with E.S.D. Environmental
Protection and Technology Co., Ltd.
OTCBB: MVTG FRANKFURT: 5MV
SEATTLE, Aug. 14 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to announce that it has entered into a Letter of Intent to enter into Exclusive Distribution Agreement with E.S.D. Environmental Protection and Technology Co., Ltd. ("E.S.D.") of the Peoples Republic of China. The Exclusive Distribution Agreement will allow Mantra to bring a number of innovative new products into the North American marketplace. These products are of interest to Mantra because they will contribute to a cleaner, greener world and to the reduction of carbon dioxide from day-to-day human activities.
E.S.D.(website: http://www.donghailongcn.com) is located in Dongguan, Guangdong, mainland China, approximately a 1.5 hour drive from Hong Kong. E.S.D. has over 800 employees, including a team of highly qualified engineers and photovoltaic experts. They are one of the leading supplies of solar products and stay on the cutting edge of designing and manufacturing renewable solar energy products. E.S.D. develops and manufactures innovative outdoor solar lights, LED lights, solar power home generation systems, wind and solar hybrid power systems, solar charge controllers and other related products. These products cover over 50 product lines with more than 200 products. These products generate annual revenues of approximately US $30 million.
The Letter of Intent is entered into with Mantra China Ltd., a subsidiary of Mantra.
Mr. Dan Funaro, a member of Mantra's Corporate Advisory Board has traveled to China a number of times to establish the relationship and to explore how Mantra will work with its partner. "This is not about specific products, it is about creating a two-way communication channel about green, sustainable, renewable products that will benefit both parties over the years", he said.
Mantra China will selectively import chosen products which it sees as value to the North American market and will ensure that they are reviewed, tested and approved for use in North America. These products will then be launched, and subsequently driven to achieve their niche in the marketplace. In addition, Mantra China will represent the various other Mantra subsidiaries in taking their new "green" technologies generated by Mantra in North America, into China.
Larry Kristof, Mantra's C.E.O., commented "in making this agreement with E.S.D. we have become aware of the remarkable resources that exists in this company and in China generally. We intend to mine the innovative technologies being developed there and to ensure their exposure to the wider world. This is true two-way trade, and it supports the Mantra vision: sustainable, renewable and profitable."
More info on the Mantra's China subsidiary, as well as updates on all other projects within Mantra's portfolio, can be heard in a recent audio interview. Investorideas.com interviews C.E.O. Larry Kristof, with added insight provided by Fred Enga of Northwind Ethanol. Audio: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081208a.mp3
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Profitability Through Sustainability
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
Tuesday, August 12, 2008
Investorideas.com Greentech Newsfeeds is Fastest Growing News Feed on site; Wind Stock News, Solar News, Biofuel News, Green Building News
Investorideas.com Greentech Newsfeeds is Fastest Growing News Feed on site; Wind Stock News, Solar News, Biofuel News, Green Building News
Global Green Marketplace- Matching Business and Investors leads as fastest growing segment of Marketplace
POINT ROBERTS, WA and DELTA, BC –August 12, 2008 -www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within Investorideas.com reports the fast growing news feed on its site is the Renewable energy greentech news feed, currently passing the Investorideas.com newswire in terms of site traffic and traction. Additionally, the Global Green Marketplace that provides a service for investors and businesses in the sector is the fastest growing segment in the Marketplace.
InvestorIdeas.com was one of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors.
“We are seeing first hand that renewable and greentech investment interest is a strong long term trend that will around for years to come “, states founder Dawn Van Zant.
Renewable Energy/Greentech News Feed RSS- Investors can subscribe to receive news on wind, solar, biofuel, green auto, green buildings and more:
http://www.investorideas.com/RSS/feeds/RES.xml
The Marketplace is a meeting place created for connecting global companies in leading sectors, seeking strategic partnerships, funding, management, mergers and acquisitions, licensing or branding. The Global Green Marketplace has a growing network of green and renewable energy companies seeking funding /partners, management and a growing global network providing venture capital and equity funding with an intention to go public. View Marketplace: http://www.investorideas.com/marketplace/
Investorideas.com Green Investor Audio Series:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of audio interviews/Podcasts with some of the leading CEO's, investment banking and financial leaders in the sector. Read energy writer Paulo Nery's new Green Investor column and gain insight into the sector. Additional Podcasts and articles from Investorideas.com and Renewableenergystocks.com provide investor ideas for investing green and making green!
http://www.investorideas.com/gi/
More green content –
Driving Green Podcast
Green IPO Watch
Green & Renewable Business Marketplace
Solar Energy Perspectives with J. Peter Lynch
The New Power Fund with Sam Jones
Clean Energy Blog
Renewable Energy Blog
Greentech Investor
Greentech Investor Stock Message Boards:
Public Companies and Private Companies:
Publish Your Green and Environment News
Your news is featured on Investorideas.com Newswire, Renewable RSS Feeds, Environment Stocks.com, and Greentechinvestor.com & Renewablenergystocks.com
In addition – our Investorideas.com news feeds and Renewable News feeds are distributed on multiple business and industry sites! Submit News
Investorideas.com Green Investor Awareness: Green Company Showcase
Green and Renewable Companies can gain exposure in the sector by becoming a featured green showcase company. http://www.investorideas.com/About/company_showcase.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Cali Van Zant 800.665.0411
Email: cvanzant@investorideas.com
Global Green Marketplace- Matching Business and Investors leads as fastest growing segment of Marketplace
POINT ROBERTS, WA and DELTA, BC –August 12, 2008 -www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within Investorideas.com reports the fast growing news feed on its site is the Renewable energy greentech news feed, currently passing the Investorideas.com newswire in terms of site traffic and traction. Additionally, the Global Green Marketplace that provides a service for investors and businesses in the sector is the fastest growing segment in the Marketplace.
InvestorIdeas.com was one of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors.
“We are seeing first hand that renewable and greentech investment interest is a strong long term trend that will around for years to come “, states founder Dawn Van Zant.
Renewable Energy/Greentech News Feed RSS- Investors can subscribe to receive news on wind, solar, biofuel, green auto, green buildings and more:
http://www.investorideas.com/RSS/feeds/RES.xml
The Marketplace is a meeting place created for connecting global companies in leading sectors, seeking strategic partnerships, funding, management, mergers and acquisitions, licensing or branding. The Global Green Marketplace has a growing network of green and renewable energy companies seeking funding /partners, management and a growing global network providing venture capital and equity funding with an intention to go public. View Marketplace: http://www.investorideas.com/marketplace/
Investorideas.com Green Investor Audio Series:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of audio interviews/Podcasts with some of the leading CEO's, investment banking and financial leaders in the sector. Read energy writer Paulo Nery's new Green Investor column and gain insight into the sector. Additional Podcasts and articles from Investorideas.com and Renewableenergystocks.com provide investor ideas for investing green and making green!
http://www.investorideas.com/gi/
More green content –
Driving Green Podcast
Green IPO Watch
Green & Renewable Business Marketplace
Solar Energy Perspectives with J. Peter Lynch
The New Power Fund with Sam Jones
Clean Energy Blog
Renewable Energy Blog
Greentech Investor
Greentech Investor Stock Message Boards:
Public Companies and Private Companies:
Publish Your Green and Environment News
Your news is featured on Investorideas.com Newswire, Renewable RSS Feeds, Environment Stocks.com, and Greentechinvestor.com & Renewablenergystocks.com
In addition – our Investorideas.com news feeds and Renewable News feeds are distributed on multiple business and industry sites! Submit News
Investorideas.com Green Investor Awareness: Green Company Showcase
Green and Renewable Companies can gain exposure in the sector by becoming a featured green showcase company. http://www.investorideas.com/About/company_showcase.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Cali Van Zant 800.665.0411
Email: cvanzant@investorideas.com
Clear Skies Solar Awarded Contract in Larissa, Greece Valued at Approximately US $1 Million
Clear Skies Solar Awarded Contract in Larissa, Greece Valued at Approximately US $1 Million
International Expansion Begins With Initial 150kW Contract
NEW YORK - Clear Skies Solar, Inc. (OTCBB: CSKH), a leading developer and provider of solar power solutions, today announced the awarding of a 150kW solar contract through its newly established partnership in Greece with Larissa-based, Aspen Energy. This project is valued at approximately US $1 million.
“The key in any good clean energy relationship is having local knowledge and combining that with technical expertise and efficiency; that’s exactly the type of partnership Clear Skies and Aspen Energy are bringing to the Greek solar industry,” said Clear Skies Solar Chairman and CEO, Ezra Green. “There’s no question, Greece is one of the most progressive ‘solar-minded’ countries today. Their current environment of available grants and favorable feed-in tariffs, presented a great opportunity for Clear Skies. We fully expect that this 150kW contract will be the first of many great solar energy opportunities in the region.”
This contract covers a 150kW project which will consist of a ground mounted system covering approximately 1-acre and is expected to generate approximately 180,000 kW hours of electricity per year. It will prevent 176,000 pounds of carbon dioxide emissions per year and, with financing pre-arranged, the anticipated start date is early October pending final permitting.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients domestically and internationally. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
For Clear Skies Solar, Inc.
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
International Expansion Begins With Initial 150kW Contract
NEW YORK - Clear Skies Solar, Inc. (OTCBB: CSKH), a leading developer and provider of solar power solutions, today announced the awarding of a 150kW solar contract through its newly established partnership in Greece with Larissa-based, Aspen Energy. This project is valued at approximately US $1 million.
“The key in any good clean energy relationship is having local knowledge and combining that with technical expertise and efficiency; that’s exactly the type of partnership Clear Skies and Aspen Energy are bringing to the Greek solar industry,” said Clear Skies Solar Chairman and CEO, Ezra Green. “There’s no question, Greece is one of the most progressive ‘solar-minded’ countries today. Their current environment of available grants and favorable feed-in tariffs, presented a great opportunity for Clear Skies. We fully expect that this 150kW contract will be the first of many great solar energy opportunities in the region.”
This contract covers a 150kW project which will consist of a ground mounted system covering approximately 1-acre and is expected to generate approximately 180,000 kW hours of electricity per year. It will prevent 176,000 pounds of carbon dioxide emissions per year and, with financing pre-arranged, the anticipated start date is early October pending final permitting.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients domestically and internationally. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
For Clear Skies Solar, Inc.
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
LDK Solar Reports Financial Results for the Second Quarter 2008-Net sales for the second quarter of fiscal 2008 were $441.7 million, up 89.2% from $
XINYU CITY, China and SUNNYVALE, Calif., Aug. 11 /2008 -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of solar wafers, today reported its unaudited financial results for the second quarter ended June 30, 2008.
All financial results are reported in U.S. dollars on a U.S. GAAP basis.
Second Quarter 2008 Financial Highlights: -- Revenue of $441.7 million, up 89.2% quarter-over-quarter; -- Annualized wafer production capacity reached 880 MW by end of June; -- Signed nine long-term wafer supply agreements year-to-date; -- Total wafer shipments increased 60.8% to 191.7 MW during the quarter; and -- Gross profit margin for the quarter was 25.4%.
Net sales for the second quarter of fiscal 2008 were $441.7 million, up 89.2% from $233.4 million for the first quarter of fiscal 2008, and up 345.9% year-over-year from $99.1 million for the second quarter of fiscal 2007.
Gross profit for the second quarter of fiscal 2008 was $112.3 million, up 73.9% from $64.6 million for the first quarter of fiscal 2008, and up 221.8% year-over-year from $34.9 million for the second quarter of fiscal 2007. Gross profit margin for the second quarter of fiscal 2008 was 25.4% compared with 27.7% in the first quarter of fiscal 2008 and 35.2% in the second quarter of fiscal 2007. Operating profit for the second quarter of fiscal 2008 was $100.3 million, up 90.9% from $52.5 million for the first quarter of fiscal 2008, and up 225.4% year-over-year from $30.8 million for the second quarter of fiscal 2007. Operating profit margin for the second quarter of fiscal 2008 was 22.7% compared with 22.5% in the first quarter of fiscal 2008 and 31.1% in the second quarter of fiscal 2007.
Income tax expense for the second quarter of fiscal 2008 was $13.3 million. One of our operating subsidiaries in the PRC, after the first two years of exemptions, is now subject to the tax rate of 12.5% under the PRC Enterprise Income Tax Law that became effective on January 1, 2008.
Net income for the second quarter of fiscal 2008 was $149.5 million, or $1.29 per diluted ADS, compared to net income of $49.8 million, or $0.45 per diluted ADS for the first quarter of fiscal 2008.
LDK Solar ended the second quarter of fiscal 2008 with $83.7 million in cash and cash equivalents and with $261.9 million in pledged bank deposits.
"We experienced substantial revenue growth during the second quarter as our wafer capacity expansion exceeded our expectations," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "We were also pleased to introduce our first Nova wafers using Upgraded Metallurgical Silicon (UMG), which began shipping to certain customers, ahead of schedule during the quarter. Customer demand remains strong and we have signed nine long-term wafer supply agreements year-to-date, further diversifying our customer base. In response to our sales backlog, we are again raising our target annualized capacity to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010."
"We are pleased with our continued success of executing our growth strategies. In addition to our wafer capacity expansion, tremendous progress has been made to date on the construction of our polysilicon plants and the project remains on schedule," concluded Mr. Peng.
Business Outlook
The following statements are based upon management's current expectations. These statements are forward-looking in nature, and the actual results may differ materially. You should read the "Safe Harbor Statement" below with respect to the risks and uncertainties relating to these forward-looking statements.
For the third quarter of fiscal 2008, LDK Solar estimates its revenue to be in the range of $486 million to $496 million with wafer shipments between 210 MW to 220 MW. LDK Solar also updated its outlook for the full year of fiscal 2008. For the full year of fiscal 2008, LDK Solar currently estimates:
-- Revenue to be in the range of $1.65 billion to $1.75 billion; -- Wafer shipments in the range of 750 MW to 770 MW; -- Gross margin in the range of 23% to 28%; and -- Annualized wafer production capacity to be 1.2 GW by the end of 2008.
Conference Call Details
The LDK Solar Second Quarter 2008 teleconference and webcast is scheduled to begin at 5:00 p.m. Eastern Time (ET), on Monday, August 11, 2008. To listen to the live conference call, please dial 800-366-3908 (within U.S.) or 303-205-0033 (outside U.S.) at 4:50 p.m. ET on August 11, 2008. An audio replay of the call will be available to investors through August 14, 2008, by dialing 800-405-2236 (within U.S.) or 303-590-3000 (outside U.S.) and entering the passcode 11117794#.
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Balance Sheet Information (In US$'000, except share and per share data)
6/30/2008 3/31/2008 Assets Current assets Cash and cash equivalents 83,742 93,705 Pledged bank deposits 261,934 142,086 Trade accounts receivable, net 34,964 8,905 Inventories, net 656,202 519,594 Prepayments to suppliers 253,806 206,330 Other current assets 48,830 39,187 Deferred income tax assets 1,307 658 Total current assets 1,340,785 1,010,465 Property, plant and equipment, net 705,784 501,078 Deposit for property, plant and equipments 222,400 200,725 Intangible asset, net 1,103 1,109 Land use rights 78,946 64,612 Inventories to be processed beyond one year, net 10,529 21,401 Prepayments to suppliers to be utilized beyond one year 20,538 20,534 Pledged bank deposits - non-current 33,444 30,020 Convertible senior notes issuance costs 10,530 - Other financial assets 3,196 2,794 Deferred income tax assets 596 368 Total assets 2,427,851 1,853,106
Liabilities and shareholders' equity Current liabilities Short-term bank borrowings 375,634 313,933 Trade accounts payable 67,003 37,465 Advance payments from customers 242,962 231,089 Accrued expenses and other payables 166,994 137,525 Income tax payable 5,293 4,466 Other financial liabilities 6,213 7,577 Total current liabilities 864,099 732,055 Long-term bank borrowings, excluding current portions 99,158 37,795 Convertible senior notes 400,000 - Advance payments from customers - non-current 364,706 301,313 Other liabilities 2,252 2,164 Total liabilities 1,730,215 1,073,327 Shareholders' equity
Ordinary shares: US$0.10 par value; 499,580,000 shares authorized; 106,478,033 shares issued and outstanding as of June 30, 2008 and March 31, 2008 10,648 10,648 Additional paid-in capital 238,555 494,358 Statutory reserve 18,697 18,697 Accumulated other comprehensive income 84,340 60,214 Retained earnings 345,396 195,862 Total shareholders' equity 697,636 779,779
Total liabilities and shareholders' equity 2,427,851 1,853,106
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Income Statement Information (In US$'000, except per ADS data)
For the 3 Months Ended 6/30/2008 3/31/2008
Net sales 441,665 233,399
Cost of goods sold (329,372) (168,831) Gross profit 112,293 64,568 Selling expenses (599) (481) General and administrative expenses (10,956) (11,185) Research and development expenses (437) (371) Total operating expenses (11,992) (12,037) Income from operations 100,301 52,531 Other income/(expenses): Interest income 1,698 1,326 Interest expense (10,197) (5,254) Foreign currency exchange gain, net 5,823 5,339 Government subsidy 4,347 4,521 Change in fair value of prepaid forward contracts 60,028 - Others 856 (126) Income before income tax 162,856 58,337 Income tax (expenses)/benefit (13,322) (8,511) Net income available to ordinary shareholders 149,534 49,826
Net income per ADS, Diluted $1.29 $0.45
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. Its office in the United States is located in Sunnyvale, California.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of its securities; its ability to operate as a public company; the period of time for which its current liquidity will enable it to fund its operations; its ability to protect its proprietary information; general economic and business conditions; the volatility of its operating results and financial condition; its ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about LDK Solar and the industry. These statements are based upon information available to LDK Solar's management as of the date hereof. Actual results may differ materially from the anticipated results because of certain risks and uncertainties. This press release also contains forward looking statements about the progress of LDK Solar's construction of its polysilicon plant. These statements are based on information available to its management today. Actual results may differ, including various factors which may delay or disrupt the plant's construction and completion, including, poor weather, the risk of labor difficulties, construction difficulties or financing difficulties.
LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although LDK Solar believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
All financial results are reported in U.S. dollars on a U.S. GAAP basis.
Second Quarter 2008 Financial Highlights: -- Revenue of $441.7 million, up 89.2% quarter-over-quarter; -- Annualized wafer production capacity reached 880 MW by end of June; -- Signed nine long-term wafer supply agreements year-to-date; -- Total wafer shipments increased 60.8% to 191.7 MW during the quarter; and -- Gross profit margin for the quarter was 25.4%.
Net sales for the second quarter of fiscal 2008 were $441.7 million, up 89.2% from $233.4 million for the first quarter of fiscal 2008, and up 345.9% year-over-year from $99.1 million for the second quarter of fiscal 2007.
Gross profit for the second quarter of fiscal 2008 was $112.3 million, up 73.9% from $64.6 million for the first quarter of fiscal 2008, and up 221.8% year-over-year from $34.9 million for the second quarter of fiscal 2007. Gross profit margin for the second quarter of fiscal 2008 was 25.4% compared with 27.7% in the first quarter of fiscal 2008 and 35.2% in the second quarter of fiscal 2007. Operating profit for the second quarter of fiscal 2008 was $100.3 million, up 90.9% from $52.5 million for the first quarter of fiscal 2008, and up 225.4% year-over-year from $30.8 million for the second quarter of fiscal 2007. Operating profit margin for the second quarter of fiscal 2008 was 22.7% compared with 22.5% in the first quarter of fiscal 2008 and 31.1% in the second quarter of fiscal 2007.
Income tax expense for the second quarter of fiscal 2008 was $13.3 million. One of our operating subsidiaries in the PRC, after the first two years of exemptions, is now subject to the tax rate of 12.5% under the PRC Enterprise Income Tax Law that became effective on January 1, 2008.
Net income for the second quarter of fiscal 2008 was $149.5 million, or $1.29 per diluted ADS, compared to net income of $49.8 million, or $0.45 per diluted ADS for the first quarter of fiscal 2008.
LDK Solar ended the second quarter of fiscal 2008 with $83.7 million in cash and cash equivalents and with $261.9 million in pledged bank deposits.
"We experienced substantial revenue growth during the second quarter as our wafer capacity expansion exceeded our expectations," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "We were also pleased to introduce our first Nova wafers using Upgraded Metallurgical Silicon (UMG), which began shipping to certain customers, ahead of schedule during the quarter. Customer demand remains strong and we have signed nine long-term wafer supply agreements year-to-date, further diversifying our customer base. In response to our sales backlog, we are again raising our target annualized capacity to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010."
"We are pleased with our continued success of executing our growth strategies. In addition to our wafer capacity expansion, tremendous progress has been made to date on the construction of our polysilicon plants and the project remains on schedule," concluded Mr. Peng.
Business Outlook
The following statements are based upon management's current expectations. These statements are forward-looking in nature, and the actual results may differ materially. You should read the "Safe Harbor Statement" below with respect to the risks and uncertainties relating to these forward-looking statements.
For the third quarter of fiscal 2008, LDK Solar estimates its revenue to be in the range of $486 million to $496 million with wafer shipments between 210 MW to 220 MW. LDK Solar also updated its outlook for the full year of fiscal 2008. For the full year of fiscal 2008, LDK Solar currently estimates:
-- Revenue to be in the range of $1.65 billion to $1.75 billion; -- Wafer shipments in the range of 750 MW to 770 MW; -- Gross margin in the range of 23% to 28%; and -- Annualized wafer production capacity to be 1.2 GW by the end of 2008.
Conference Call Details
The LDK Solar Second Quarter 2008 teleconference and webcast is scheduled to begin at 5:00 p.m. Eastern Time (ET), on Monday, August 11, 2008. To listen to the live conference call, please dial 800-366-3908 (within U.S.) or 303-205-0033 (outside U.S.) at 4:50 p.m. ET on August 11, 2008. An audio replay of the call will be available to investors through August 14, 2008, by dialing 800-405-2236 (within U.S.) or 303-590-3000 (outside U.S.) and entering the passcode 11117794#.
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Balance Sheet Information (In US$'000, except share and per share data)
6/30/2008 3/31/2008 Assets Current assets Cash and cash equivalents 83,742 93,705 Pledged bank deposits 261,934 142,086 Trade accounts receivable, net 34,964 8,905 Inventories, net 656,202 519,594 Prepayments to suppliers 253,806 206,330 Other current assets 48,830 39,187 Deferred income tax assets 1,307 658 Total current assets 1,340,785 1,010,465 Property, plant and equipment, net 705,784 501,078 Deposit for property, plant and equipments 222,400 200,725 Intangible asset, net 1,103 1,109 Land use rights 78,946 64,612 Inventories to be processed beyond one year, net 10,529 21,401 Prepayments to suppliers to be utilized beyond one year 20,538 20,534 Pledged bank deposits - non-current 33,444 30,020 Convertible senior notes issuance costs 10,530 - Other financial assets 3,196 2,794 Deferred income tax assets 596 368 Total assets 2,427,851 1,853,106
Liabilities and shareholders' equity Current liabilities Short-term bank borrowings 375,634 313,933 Trade accounts payable 67,003 37,465 Advance payments from customers 242,962 231,089 Accrued expenses and other payables 166,994 137,525 Income tax payable 5,293 4,466 Other financial liabilities 6,213 7,577 Total current liabilities 864,099 732,055 Long-term bank borrowings, excluding current portions 99,158 37,795 Convertible senior notes 400,000 - Advance payments from customers - non-current 364,706 301,313 Other liabilities 2,252 2,164 Total liabilities 1,730,215 1,073,327 Shareholders' equity
Ordinary shares: US$0.10 par value; 499,580,000 shares authorized; 106,478,033 shares issued and outstanding as of June 30, 2008 and March 31, 2008 10,648 10,648 Additional paid-in capital 238,555 494,358 Statutory reserve 18,697 18,697 Accumulated other comprehensive income 84,340 60,214 Retained earnings 345,396 195,862 Total shareholders' equity 697,636 779,779
Total liabilities and shareholders' equity 2,427,851 1,853,106
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Income Statement Information (In US$'000, except per ADS data)
For the 3 Months Ended 6/30/2008 3/31/2008
Net sales 441,665 233,399
Cost of goods sold (329,372) (168,831) Gross profit 112,293 64,568 Selling expenses (599) (481) General and administrative expenses (10,956) (11,185) Research and development expenses (437) (371) Total operating expenses (11,992) (12,037) Income from operations 100,301 52,531 Other income/(expenses): Interest income 1,698 1,326 Interest expense (10,197) (5,254) Foreign currency exchange gain, net 5,823 5,339 Government subsidy 4,347 4,521 Change in fair value of prepaid forward contracts 60,028 - Others 856 (126) Income before income tax 162,856 58,337 Income tax (expenses)/benefit (13,322) (8,511) Net income available to ordinary shareholders 149,534 49,826
Net income per ADS, Diluted $1.29 $0.45
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. Its office in the United States is located in Sunnyvale, California.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of its securities; its ability to operate as a public company; the period of time for which its current liquidity will enable it to fund its operations; its ability to protect its proprietary information; general economic and business conditions; the volatility of its operating results and financial condition; its ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about LDK Solar and the industry. These statements are based upon information available to LDK Solar's management as of the date hereof. Actual results may differ materially from the anticipated results because of certain risks and uncertainties. This press release also contains forward looking statements about the progress of LDK Solar's construction of its polysilicon plant. These statements are based on information available to its management today. Actual results may differ, including various factors which may delay or disrupt the plant's construction and completion, including, poor weather, the risk of labor difficulties, construction difficulties or financing difficulties.
LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although LDK Solar believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Saturday, August 09, 2008
Investorideas.com Updates the Directory of Resources and Tools for Investors and Public Companies in Greentech, Environment and Renewable Energy
Investorideas.com Updates the Directory of Resources and Tools for Investors and Public Companies in Greentech, Environment and Renewable Energy
POINT ROBERTS, WA and DELTA, BC –August 7, 2008 - www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within Investorideas.com, updates investors and industry with the current directory of resources and investing tools for renewable and greentech. Investorideas.com (and its leading green portal, Renewableneergystocks.com) was of the first online investor resources providing in-depth information on renewable energy and the public companies in the sector.
Public Companies and Private Companies:
Publish Your Green and Environment News
Your news is featured on Investorideas.com Newswire, Renewable RSS Feeds, Environment Stocks.com, and Greentechinvestor.com & Renewablenergystocks.com
In addition – our Investorideas.com news feeds and Renewable News feeds are distributed on multiple business and industry sites! Submit News
Investorideas.com Green Investor Awareness: Green Company Showcase
Green and Renewable Companies can gain exposure in the sector by becoming a featured green showcase company. http://www.investorideas.com/About/company_showcase.asp
Investor and Industry Green content :
Renewable Energy Stock Directory – Visit here
The directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges reflecting the global participation and growth in renewable energy and green stocks.
The renewable energy portal provides a valuable resource for investors and alternative energy public companies and industry participants. RenewableEnergyStocks.com® features industry and stock news, exclusive articles and financial columnists, audio interviews and Podcasts, investor conferences, Blogs, and a directory of stocks in the sector.
The RenewableEnergyStocks.com portal currently features a directory with info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks.
Investorideas.com Green Investor Audio Series:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of audio interviews/Podcasts with some of the leading CEO's, investment banking and financial leaders in the sector . Read energy writer Paulo Nery's new Green Investor column and gain insight into the sector. Additional Podcasts and articles from Investorideas.com and Renewableenergystocks.com provide investor ideas for investing green and making green!
http://www.investorideas.com/gi/
More green content –
Renewable Energy/Greentech News Feed RSS
Driving Green Podcast
Green IPO Watch
Green & Renewable Business Marketplace
Solar Energy Perspectives with J. Peter Lynch
The New Power Fund with Sam Jones
Clean Energy Blog
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Greentech Investor
Greentech Investor Stock Message Boards:
Online Greentech Investor Conference: March 20th & archived
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About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
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POINT ROBERTS, WA and DELTA, BC –August 7, 2008 - www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within Investorideas.com, updates investors and industry with the current directory of resources and investing tools for renewable and greentech. Investorideas.com (and its leading green portal, Renewableneergystocks.com) was of the first online investor resources providing in-depth information on renewable energy and the public companies in the sector.
Public Companies and Private Companies:
Publish Your Green and Environment News
Your news is featured on Investorideas.com Newswire, Renewable RSS Feeds, Environment Stocks.com, and Greentechinvestor.com & Renewablenergystocks.com
In addition – our Investorideas.com news feeds and Renewable News feeds are distributed on multiple business and industry sites! Submit News
Investorideas.com Green Investor Awareness: Green Company Showcase
Green and Renewable Companies can gain exposure in the sector by becoming a featured green showcase company. http://www.investorideas.com/About/company_showcase.asp
Investor and Industry Green content :
Renewable Energy Stock Directory – Visit here
The directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges reflecting the global participation and growth in renewable energy and green stocks.
The renewable energy portal provides a valuable resource for investors and alternative energy public companies and industry participants. RenewableEnergyStocks.com® features industry and stock news, exclusive articles and financial columnists, audio interviews and Podcasts, investor conferences, Blogs, and a directory of stocks in the sector.
The RenewableEnergyStocks.com portal currently features a directory with info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks.
Investorideas.com Green Investor Audio Series:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of audio interviews/Podcasts with some of the leading CEO's, investment banking and financial leaders in the sector . Read energy writer Paulo Nery's new Green Investor column and gain insight into the sector. Additional Podcasts and articles from Investorideas.com and Renewableenergystocks.com provide investor ideas for investing green and making green!
http://www.investorideas.com/gi/
More green content –
Renewable Energy/Greentech News Feed RSS
Driving Green Podcast
Green IPO Watch
Green & Renewable Business Marketplace
Solar Energy Perspectives with J. Peter Lynch
The New Power Fund with Sam Jones
Clean Energy Blog
Renewable Energy Blog
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Greentech Investor Stock Message Boards:
Online Greentech Investor Conference: March 20th & archived
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www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Green IPO Watch at Renewableenergystocks.com; Battery Company, A123 shares to trade on NASDAQ under symbol AONE
Green IPO Watch at Renewableenergystocks.com; Battery Company, A123 shares to trade on NASDAQ under symbol AONE
POINT ROBERTS, WA and DELTA, BC— August 9, 2008 -- http://www.renewableenergystocks.com/,
a leading investor news and research portal for the renewable energy sector within Investorideas.com,
reports on the recently filed $175 million IPO of A123 Systems, Inc., a company that designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems.
From the SEC filing: “Our batteries and battery systems provide a combination of power, safety and life that we believe no other commercially available battery provides. We believe that lithium-ion batteries will play an increasingly important role in facilitating a shift toward cleaner forms of energy. Using our innovative approach to materials science and battery engineering and our systems integration and manufacturing capabilities, we have developed a broad family of high-power, lithium-ion batteries and battery systems. This family of products, combined with our strategic partner relationships in the transportation, electric grid services and portable power markets, position us well to address these markets for next-generation energy storage solutions.”
SEC filing link
A123 Systems, Inc shares will trade on the NASDAQ under the symbol “AONE”.
Subscribe to or add to your site – the Green IPO Watch News Feed: http://www.investorideas.com/RSS/feeds/GreenIPO.xml
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com
http://www.investorideas.com/RSS/feeds/RES.xml
New Green Investor content: Green Investor Audio Series: http://www.environmentstocks.com/gi/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
POINT ROBERTS, WA and DELTA, BC— August 9, 2008 -- http://www.renewableenergystocks.com/,
a leading investor news and research portal for the renewable energy sector within Investorideas.com,
reports on the recently filed $175 million IPO of A123 Systems, Inc., a company that designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems.
From the SEC filing: “Our batteries and battery systems provide a combination of power, safety and life that we believe no other commercially available battery provides. We believe that lithium-ion batteries will play an increasingly important role in facilitating a shift toward cleaner forms of energy. Using our innovative approach to materials science and battery engineering and our systems integration and manufacturing capabilities, we have developed a broad family of high-power, lithium-ion batteries and battery systems. This family of products, combined with our strategic partner relationships in the transportation, electric grid services and portable power markets, position us well to address these markets for next-generation energy storage solutions.”
SEC filing link
A123 Systems, Inc shares will trade on the NASDAQ under the symbol “AONE”.
Subscribe to or add to your site – the Green IPO Watch News Feed: http://www.investorideas.com/RSS/feeds/GreenIPO.xml
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com
http://www.investorideas.com/RSS/feeds/RES.xml
New Green Investor content: Green Investor Audio Series: http://www.environmentstocks.com/gi/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Friday, August 08, 2008
Blackstone Establishes Cleantech Energy Group
Blackstone Establishes Cleantech Energy Group
www.blackstone.com - The Blackstone Group (NYSE: BX) today announced the establishment of a new business group that will be focused on investments in the cleantech energy sector and will also provide advice on renewable energy strategies across Blackstone's diverse asset base.
The team is being led by James D. Kiggen, who has joined the firm's Corporate Private Equity group as a Senior Managing Director. Prior to joining Blackstone, Mr. Kiggen was a Senior Vice President at AllianceBernstein L.P where he created and managed a research team focused on emerging sciences and technologies. He extended that research effort into building a late-stage venture capital/growth equity business, investing in innovative cleantech companies such as A123Systems, Powerspan and Targeted Growth. Previously he was a Managing Director at Donaldson, Lufkin & Jenrette and then CSFB, where he was a top-ranked equities analyst covering public and private technology companies. He was also a consultant at McKinsey & Co.
Also joining as Principals from AllianceBernstein are Walter C. Vester and Richard L. Troyer. Mr. Vester has seven years' operating experience in communication and energy technology companies and was a project leader at the Boston Consulting Group. Mr. Troyer was a sell-side research analyst in biotechnology at Credit Suisse First Boston and Piper Jaffray and a consultant at Marakon Associates.
Tony James, President and Chief Operating Officer of The Blackstone Group, said, "This team's experience and record of investment success will position us as a leading investor in the cleantech space and will provide a valuable resource for our other business groups advising on the introduction of sustainable energy strategies. Jamie, Walt and Rich are a great team and we are excited to welcome them to our platform."
Garrett Moran, Senior Managing Director of The Blackstone Group, added: "Jamie and his team's understanding of rapidly evolving technology applications in solar and wind power generation, carbon sequestration, next generation ethanol, and other renewables will be a key input in Blackstone's investment decisions. We look forward to working with the new team across both conventional energy investments and new developments, including those at our portfolio company Sithe Global Power, as well as several other sizeable investments that we are currently evaluating."
About The Blackstone Group
Blackstone is one of the world's leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of corporate private equity funds, real estate funds, hedge funds, funds of funds, debt funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service. Further information is available at www.blackstone.com.
The Blackstone GroupNew York:John Ford, +1 212-583-5559orLondon:Sophia Harrison, +44 (0)20 7451 4295
www.blackstone.com - The Blackstone Group (NYSE: BX) today announced the establishment of a new business group that will be focused on investments in the cleantech energy sector and will also provide advice on renewable energy strategies across Blackstone's diverse asset base.
The team is being led by James D. Kiggen, who has joined the firm's Corporate Private Equity group as a Senior Managing Director. Prior to joining Blackstone, Mr. Kiggen was a Senior Vice President at AllianceBernstein L.P where he created and managed a research team focused on emerging sciences and technologies. He extended that research effort into building a late-stage venture capital/growth equity business, investing in innovative cleantech companies such as A123Systems, Powerspan and Targeted Growth. Previously he was a Managing Director at Donaldson, Lufkin & Jenrette and then CSFB, where he was a top-ranked equities analyst covering public and private technology companies. He was also a consultant at McKinsey & Co.
Also joining as Principals from AllianceBernstein are Walter C. Vester and Richard L. Troyer. Mr. Vester has seven years' operating experience in communication and energy technology companies and was a project leader at the Boston Consulting Group. Mr. Troyer was a sell-side research analyst in biotechnology at Credit Suisse First Boston and Piper Jaffray and a consultant at Marakon Associates.
Tony James, President and Chief Operating Officer of The Blackstone Group, said, "This team's experience and record of investment success will position us as a leading investor in the cleantech space and will provide a valuable resource for our other business groups advising on the introduction of sustainable energy strategies. Jamie, Walt and Rich are a great team and we are excited to welcome them to our platform."
Garrett Moran, Senior Managing Director of The Blackstone Group, added: "Jamie and his team's understanding of rapidly evolving technology applications in solar and wind power generation, carbon sequestration, next generation ethanol, and other renewables will be a key input in Blackstone's investment decisions. We look forward to working with the new team across both conventional energy investments and new developments, including those at our portfolio company Sithe Global Power, as well as several other sizeable investments that we are currently evaluating."
About The Blackstone Group
Blackstone is one of the world's leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of corporate private equity funds, real estate funds, hedge funds, funds of funds, debt funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service. Further information is available at www.blackstone.com.
The Blackstone GroupNew York:John Ford, +1 212-583-5559orLondon:Sophia Harrison, +44 (0)20 7451 4295
Wednesday, August 06, 2008
Investorideas.com Green Investor Audio Series; “Expect Continued Rapid Growth in the Wind Sector”
Investorideas.com Green Investor Audio Series; “Expect Continued Rapid Growth in the Wind Sector”
Michael Brush Audio Interview with executive director of the American Wind Energy Association
POINT ROBERTS, Wash., Delta B.C., August 6, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with Randall Swisher, executive director of the American Wind Energy Association.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Randall Swisher, executive director of the American Wind Energy Association.
Expect Continued Rapid Growth in the Wind Sector
Investors can expect double digit growth for years to come in the wind sector, says Randall Swisher, executive director of the American Wind Energy Association. In this interview, he explains what kinds of companies should benefit, and where.
Mr. Swisher comments, “In 2007 we saw 45% growth in the US markets in wind. “
He continues in reference to the global markets, “It’s very similar on a global basis.”
He also notes a consolidation and globalization trend is underway.
To hear the full Audio file: click here: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi080608.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Invesorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH), Renewable Sugarcane Fuels (OTCPK: IBOT) Featured Green Companies are showcased on: www.Renewableenergystocks.com. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Michael Brush Audio Interview with executive director of the American Wind Energy Association
POINT ROBERTS, Wash., Delta B.C., August 6, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with Randall Swisher, executive director of the American Wind Energy Association.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Randall Swisher, executive director of the American Wind Energy Association.
Expect Continued Rapid Growth in the Wind Sector
Investors can expect double digit growth for years to come in the wind sector, says Randall Swisher, executive director of the American Wind Energy Association. In this interview, he explains what kinds of companies should benefit, and where.
Mr. Swisher comments, “In 2007 we saw 45% growth in the US markets in wind. “
He continues in reference to the global markets, “It’s very similar on a global basis.”
He also notes a consolidation and globalization trend is underway.
To hear the full Audio file: click here: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi080608.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Invesorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH), Renewable Sugarcane Fuels (OTCPK: IBOT) Featured Green Companies are showcased on: www.Renewableenergystocks.com. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Power-Save Energy Company Announces Positive Second Quarter Financial Results, Revenue for 3 months ended June 30, 2008 was $1,460,469
Power-Save Energy Company Announces Positive Second Quarter Financial Results, Revenue for 3 months ended June 30, 2008 was $1,460,469
SAN LUIS OBISPO, Calif., Aug. 6 2008 - Power-Save Energy Company (OTC Bulletin Board: PWSV.OB), an emerging leader in the renewable energy and energy savings products industry, today announced its fiscal second quarter earnings for the period ending June 30, 2008.
Revenue for the three months ended June 30, 2008 was $1,460,469 compared to $582,548 for the three months ended June 30, 2007, an increase of $877,915 or 151%. The increase was attributable to increased sales of the PS1200 unit for home usage and PS3200 and PS3400 for commercial usage and sales of the recently launched Power-Save Solar Renewable Energy systems. The pre-tax profit for the three months ended June 30, 2008 was $527,266 or 1.8 cents per diluted share compared to $90,743 in 2007, an increase of $436,523 or 481%. The pre-tax profit for the six-month period ending June 30, 2008 was 640,952 or 2.3 cents per diluted share.
Michael Forster, Power-Save Energy Company President and CEO stated, "We're pleased to again announce another profitable quarter following on the heels of our profitable 2007 fiscal year and our profitable first quarter in 2008. When you consider our second quarter results included one-month sales from our recently launched Renewable Energy product line, we're clearly optimistic looking towards the balance of the year. We continue to believe our business is highly scalable and built on a strong foundation. We intend to remain diligently focused on executing our business plan and on continuing to build long term sustainable shareholder value."
About Power-Save Energy Co.
Power-Save Energy Company (http://www.power-save.com) is a marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy saving products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone. Power-Save Intends to 'Make Renewable Do-able!'
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
SOURCE Power-Save Energy Company
SAN LUIS OBISPO, Calif., Aug. 6 2008 - Power-Save Energy Company (OTC Bulletin Board: PWSV.OB), an emerging leader in the renewable energy and energy savings products industry, today announced its fiscal second quarter earnings for the period ending June 30, 2008.
Revenue for the three months ended June 30, 2008 was $1,460,469 compared to $582,548 for the three months ended June 30, 2007, an increase of $877,915 or 151%. The increase was attributable to increased sales of the PS1200 unit for home usage and PS3200 and PS3400 for commercial usage and sales of the recently launched Power-Save Solar Renewable Energy systems. The pre-tax profit for the three months ended June 30, 2008 was $527,266 or 1.8 cents per diluted share compared to $90,743 in 2007, an increase of $436,523 or 481%. The pre-tax profit for the six-month period ending June 30, 2008 was 640,952 or 2.3 cents per diluted share.
Michael Forster, Power-Save Energy Company President and CEO stated, "We're pleased to again announce another profitable quarter following on the heels of our profitable 2007 fiscal year and our profitable first quarter in 2008. When you consider our second quarter results included one-month sales from our recently launched Renewable Energy product line, we're clearly optimistic looking towards the balance of the year. We continue to believe our business is highly scalable and built on a strong foundation. We intend to remain diligently focused on executing our business plan and on continuing to build long term sustainable shareholder value."
About Power-Save Energy Co.
Power-Save Energy Company (http://www.power-save.com) is a marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy saving products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone. Power-Save Intends to 'Make Renewable Do-able!'
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
SOURCE Power-Save Energy Company
ZAP CEO and Al Yousuf COO Show Support for Kentucky Governor Signing Executive Order for 40 MPH Electric Car
ZAP CEO and Al Yousuf COO Show Support for Kentucky Governor Signing Executive Order for 40 MPH Electric Car
FRANKFORT, KY - Aug 6, 2008 - Steve Schneider, CEO for ZAP (OTCBB: ZAAP) and Ashraf Saeed, COO of the Al Yousuf Group, stood by while Governor Steve Beshear yesterday signed an Executive Order directing the Transportation Cabinet to immediately develop and implement an emergency regulation authorizing the use of low-speed electric vehicles on Kentucky's roadways, including the Xebra, a 40 MPH electric car and truck.
"Kentuckians, like all Americans, are hard hit by record-high gas prices," Gov. Beshear said at a news conference today announcing the order. "These tough times call for creative solutions, and I believe allowing Kentuckians the option of using an electric vehicle is one of those solutions. Electric vehicles may help ease the burden on the pocketbooks of hard-working Kentucky families, as well as reduce their carbon footprint."
ZAP CEO Steve Schneider attended the press conference for the Governor's announcement as an invited guest by the State of Kentucky and officials with Integrity Manufacturing of Shepherdsville. Following the announcement Schneider and Governor Breshear got away from the press to talk and take a spin in a ZAP Xebra.
Mr. Ashraf Saeed, Chief Operating Officer of the Al Yousuf Group, accompanied Schneider on the visit. A trading conglomerate based in Dubai, the Al Yousuf Group has provided nearly $15 million in capital over the past year to help ZAP increase its electric vehicle manufacturing, marketing and distribution. Schneider said both he and Saeed were very impressed by the visit and plan to explore ways of working with Kentucky to expand the use of electric vehicles.
"Never have we received such hospitality and such overwhelming enthusiasm for electric vehicles as exhibited by the Governor and every single person we met while in Kentucky," said Schneider. "Seeing such a swift reaction by the Kentucky government in favor of ZAP affirms our belief that the time is now for electric transportation to play a greater role in society. We all want to build better transportation and it doesn't matter if you live in Kentucky or California, the dream is everywhere."
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. ZAP is positioning its business at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems. ZAP currently manufactures the Xebra, a city-speed electric car and truck manufactured through a joint venture between ZAP and a Chinese automaker. ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. Future plans for the venture are dependent upon both parties receiving outside financing. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=811319
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
FRANKFORT, KY - Aug 6, 2008 - Steve Schneider, CEO for ZAP (OTCBB: ZAAP) and Ashraf Saeed, COO of the Al Yousuf Group, stood by while Governor Steve Beshear yesterday signed an Executive Order directing the Transportation Cabinet to immediately develop and implement an emergency regulation authorizing the use of low-speed electric vehicles on Kentucky's roadways, including the Xebra, a 40 MPH electric car and truck.
"Kentuckians, like all Americans, are hard hit by record-high gas prices," Gov. Beshear said at a news conference today announcing the order. "These tough times call for creative solutions, and I believe allowing Kentuckians the option of using an electric vehicle is one of those solutions. Electric vehicles may help ease the burden on the pocketbooks of hard-working Kentucky families, as well as reduce their carbon footprint."
ZAP CEO Steve Schneider attended the press conference for the Governor's announcement as an invited guest by the State of Kentucky and officials with Integrity Manufacturing of Shepherdsville. Following the announcement Schneider and Governor Breshear got away from the press to talk and take a spin in a ZAP Xebra.
Mr. Ashraf Saeed, Chief Operating Officer of the Al Yousuf Group, accompanied Schneider on the visit. A trading conglomerate based in Dubai, the Al Yousuf Group has provided nearly $15 million in capital over the past year to help ZAP increase its electric vehicle manufacturing, marketing and distribution. Schneider said both he and Saeed were very impressed by the visit and plan to explore ways of working with Kentucky to expand the use of electric vehicles.
"Never have we received such hospitality and such overwhelming enthusiasm for electric vehicles as exhibited by the Governor and every single person we met while in Kentucky," said Schneider. "Seeing such a swift reaction by the Kentucky government in favor of ZAP affirms our belief that the time is now for electric transportation to play a greater role in society. We all want to build better transportation and it doesn't matter if you live in Kentucky or California, the dream is everywhere."
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. ZAP is positioning its business at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems. ZAP currently manufactures the Xebra, a city-speed electric car and truck manufactured through a joint venture between ZAP and a Chinese automaker. ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. Future plans for the venture are dependent upon both parties receiving outside financing. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=811319
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
Tuesday, August 05, 2008
Cleaning Up Industry
Cleaning Up Industry
Green Investor at Investorideas.com, http://www.investorideas.com/gi/ By Paulo Nery
In spite of the notable surge in solar and wind energy recently, the fastest and easiest solution to climate change and expensive energy remains efficiency. New and more efficient motors and pumps, smaller cars and so on, are all starting to add up; and it’s only the beginning. According to Amory Lovins of the Rocky Mountain Institute, exploiting the best available technologies wherever practical could save half of our oil and gas use and three-quarters of our electricity use. Mr. Lovins figures we can save half our consumption at a cost equivalent to adding $12 per barrel of oil – which is less than 10% of what we’re spending today.
So, here are a couple of interesting companies who are adding value by improving the efficiency of power generation and other industrial processes.
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Foster Wheeler (FWLT) supplies power equipment to generators. They also have an engineering and construction business. The work they do with generators can include developing new state-of-the-art power plants as well as helping to bring existing facilities up-to-date on environmental standards. Their solutions make power plants more efficient, cleaner and can convert waste streams to energy. For the longer term, they also have a strategic alliance with Praxair (PX) to develop integrated oxy-coal combustion systems into coal-fired power plants to facilitate capture and sequestration of carbon dioxide.
One of Foster Wheeler’s key products is an atmospheric gasifier. When added to an existing power plant it can cut down the use of fossil fuels considerably. It allows for fuels such as biomass, industrial and municipal waste, plastics, waste paper and construction wood waste to be added to the fuel mix.
These fuels are converted into hot, low-calorific-value gas that can be fed into a pulverized coal boiler as a secondary fuel. This makes for a low-cost, low-emission, efficiency improvement to the existing system. This reduces overall emissions of SOx, NOx, particulates, CO2, dioxins, metals and chlorine.
Foster Wheeler as a stock, has not fared well lately. In part, that’s because it had a phenomenal run over the past two years from around 20 to a peak just over 80 (adjusted for the split) at the start of this year. But with a forward price to earnings (P/E) ratio of 13 and forecast growth at over 20% this stock represents excellent value. More so because it has excellent visibility of its future revenues since orders are placed well in advance, and because so much of its business is overseas in growth markets like Latin America and Asia.
Another interesting company in this space is Fuel Tech (FTEK), an environmental technologies company. They have a suite of products and services designed to improve efficiency, optimize boilers and reduce polluting emissions.
Their FUEL CHEM® technology involves the introduction of chemical reagents, like magnesium hydroxide, to combustion units. The process leads to increased overall efficiency. It also cuts down the formation of serious pollutants like sulfur trioxide (SO3), ammonium bisulfate (ABS), particulate matter (PM2.5), carbon dioxide (CO2) and nitrogen oxide (NOx) for all around cleaner emissions.
The reduction in CO2 emissions, for instance from large power plants, are little over 1%. While that may look like a small number, the cumulative reduction is huge given the large quantities being emitted in the first place. The system is currently in place in 100 customer units including 44 coal burning and 56 that burn heavy oil, coke, biomass, wood, olive pits and municipal waste.
Woodward Governor (WGOV) manufactures energy control and optimization solutions for industrial engines, aircraft engines, turbines, and electrical power equipment. Their fluid energy, combustion control, electrical energy, and motion control systems help customers be cleaner, more efficient, more reliable, and more cost-effective.
What’s doubly interesting about Woodward is that they’re also a stealth play on wind since they acquired SEG, a German manufacturer of wind generation products.
Woodward recently reported earnings at 0.47 per share, which beat the Street’s estimates of around 0.43. Sales were reported growing 23% year on year. And the company raised guidance for fiscal 2008, projecting total revenue growth of 20%, compared to the earlier 16%.
Foster Wheeler and Fuel Tech report on the 8th and 11th of August respectively and certainly bear watching closely.
Paulo J. NeryDisclosure: Paulo Nery currently owns shares of Foster Wheeler and Fuel Tech. Disclaimer: Nothing in the above article in no way constitutes a recommendation to buy or invest in these or any other stocks. You should always seek professional financial advice when planning your investments or trading in the stock markets.
Green Investor at Investorideas.com, http://www.investorideas.com/gi/ By Paulo Nery
In spite of the notable surge in solar and wind energy recently, the fastest and easiest solution to climate change and expensive energy remains efficiency. New and more efficient motors and pumps, smaller cars and so on, are all starting to add up; and it’s only the beginning. According to Amory Lovins of the Rocky Mountain Institute, exploiting the best available technologies wherever practical could save half of our oil and gas use and three-quarters of our electricity use. Mr. Lovins figures we can save half our consumption at a cost equivalent to adding $12 per barrel of oil – which is less than 10% of what we’re spending today.
So, here are a couple of interesting companies who are adding value by improving the efficiency of power generation and other industrial processes.
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Foster Wheeler (FWLT) supplies power equipment to generators. They also have an engineering and construction business. The work they do with generators can include developing new state-of-the-art power plants as well as helping to bring existing facilities up-to-date on environmental standards. Their solutions make power plants more efficient, cleaner and can convert waste streams to energy. For the longer term, they also have a strategic alliance with Praxair (PX) to develop integrated oxy-coal combustion systems into coal-fired power plants to facilitate capture and sequestration of carbon dioxide.
One of Foster Wheeler’s key products is an atmospheric gasifier. When added to an existing power plant it can cut down the use of fossil fuels considerably. It allows for fuels such as biomass, industrial and municipal waste, plastics, waste paper and construction wood waste to be added to the fuel mix.
These fuels are converted into hot, low-calorific-value gas that can be fed into a pulverized coal boiler as a secondary fuel. This makes for a low-cost, low-emission, efficiency improvement to the existing system. This reduces overall emissions of SOx, NOx, particulates, CO2, dioxins, metals and chlorine.
Foster Wheeler as a stock, has not fared well lately. In part, that’s because it had a phenomenal run over the past two years from around 20 to a peak just over 80 (adjusted for the split) at the start of this year. But with a forward price to earnings (P/E) ratio of 13 and forecast growth at over 20% this stock represents excellent value. More so because it has excellent visibility of its future revenues since orders are placed well in advance, and because so much of its business is overseas in growth markets like Latin America and Asia.
Another interesting company in this space is Fuel Tech (FTEK), an environmental technologies company. They have a suite of products and services designed to improve efficiency, optimize boilers and reduce polluting emissions.
Their FUEL CHEM® technology involves the introduction of chemical reagents, like magnesium hydroxide, to combustion units. The process leads to increased overall efficiency. It also cuts down the formation of serious pollutants like sulfur trioxide (SO3), ammonium bisulfate (ABS), particulate matter (PM2.5), carbon dioxide (CO2) and nitrogen oxide (NOx) for all around cleaner emissions.
The reduction in CO2 emissions, for instance from large power plants, are little over 1%. While that may look like a small number, the cumulative reduction is huge given the large quantities being emitted in the first place. The system is currently in place in 100 customer units including 44 coal burning and 56 that burn heavy oil, coke, biomass, wood, olive pits and municipal waste.
Woodward Governor (WGOV) manufactures energy control and optimization solutions for industrial engines, aircraft engines, turbines, and electrical power equipment. Their fluid energy, combustion control, electrical energy, and motion control systems help customers be cleaner, more efficient, more reliable, and more cost-effective.
What’s doubly interesting about Woodward is that they’re also a stealth play on wind since they acquired SEG, a German manufacturer of wind generation products.
Woodward recently reported earnings at 0.47 per share, which beat the Street’s estimates of around 0.43. Sales were reported growing 23% year on year. And the company raised guidance for fiscal 2008, projecting total revenue growth of 20%, compared to the earlier 16%.
Foster Wheeler and Fuel Tech report on the 8th and 11th of August respectively and certainly bear watching closely.
Paulo J. NeryDisclosure: Paulo Nery currently owns shares of Foster Wheeler and Fuel Tech. Disclaimer: Nothing in the above article in no way constitutes a recommendation to buy or invest in these or any other stocks. You should always seek professional financial advice when planning your investments or trading in the stock markets.
Mantra Venture Group Announces Entry into an Agreement in Principle for a Cellulosic Ethanol Joint Venture
Mantra Venture Group Announces Entry into an Agreement in Principle for a Cellulosic Ethanol Joint Venture
SEATTLE, WA, Aug. 4 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to announce that it has entered into an agreement in principle for a joint venture agreement with Northwind Ethanol Ltd. ("Northwind") to produce fuel ethanol using their proprietary starch and cellulose technology. The final agreement is undergoing final review by Mantra and Northwind's legal counsel. The joint venture will be carried out through Mantra's wholly-owned subsidiary, Mantra NextGen Power Inc. ("NextGen"). According to the terms of the joint venture agreement, Mantra will own 51% of NextGen and Northwind will own 49%.
NextGen has also acquired the exclusive North American license from Northwind to produce cellulosic ethanol, ethanol derived from wood and agricultural wastes, using an exclusive proprietary technology. This technology promises to be much more economic, practical and clean, than ethanol from conventional corn processing. NextGen also has the right to purchase additional worldwide licenses at an additional cost. This high efficiency, low energy demand process will reduce ethanol production costs by more than 1/3.
NextGen's management team and Board of Directors has also been implemented, with Larry Kristof of Mantra to act as President, Fred Enga of Northwind will act as C.E.O., Dennis Petke of Mantra will act as Secretary and Brian Currie of Northwind to act as Treasurer and C.F.O. These four gentlemen will also serve on NextGen's Board of Directors, with a fifth director to be chosen by mutual consent of Mantra and Northwind. Now that the management of NextGen is in place, they will focus their attention on raising capital in order to finance NextGen's first plant.
Fred Enga, Northwind's President and C.E.O., commented, "Our two companies have finalized the deal that will see cellulosic ethanol come to commercialization. This will allow NextGen to bring this new, exciting, clean technology to the marketplace."
Larry Kristof, Mantra's President and C.E.O. added, "This joint venture is an important step for both NextGen and Mantra. Ethanol produced from a source other than corn, an important food staple, is in high demand. NextGen is poised to meet that high demand and enter this burgeoning market very quickly - we hope to break ground on our first 20 million gallon per year plant by the end of this year."
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
SEATTLE, WA, Aug. 4 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to announce that it has entered into an agreement in principle for a joint venture agreement with Northwind Ethanol Ltd. ("Northwind") to produce fuel ethanol using their proprietary starch and cellulose technology. The final agreement is undergoing final review by Mantra and Northwind's legal counsel. The joint venture will be carried out through Mantra's wholly-owned subsidiary, Mantra NextGen Power Inc. ("NextGen"). According to the terms of the joint venture agreement, Mantra will own 51% of NextGen and Northwind will own 49%.
NextGen has also acquired the exclusive North American license from Northwind to produce cellulosic ethanol, ethanol derived from wood and agricultural wastes, using an exclusive proprietary technology. This technology promises to be much more economic, practical and clean, than ethanol from conventional corn processing. NextGen also has the right to purchase additional worldwide licenses at an additional cost. This high efficiency, low energy demand process will reduce ethanol production costs by more than 1/3.
NextGen's management team and Board of Directors has also been implemented, with Larry Kristof of Mantra to act as President, Fred Enga of Northwind will act as C.E.O., Dennis Petke of Mantra will act as Secretary and Brian Currie of Northwind to act as Treasurer and C.F.O. These four gentlemen will also serve on NextGen's Board of Directors, with a fifth director to be chosen by mutual consent of Mantra and Northwind. Now that the management of NextGen is in place, they will focus their attention on raising capital in order to finance NextGen's first plant.
Fred Enga, Northwind's President and C.E.O., commented, "Our two companies have finalized the deal that will see cellulosic ethanol come to commercialization. This will allow NextGen to bring this new, exciting, clean technology to the marketplace."
Larry Kristof, Mantra's President and C.E.O. added, "This joint venture is an important step for both NextGen and Mantra. Ethanol produced from a source other than corn, an important food staple, is in high demand. NextGen is poised to meet that high demand and enter this burgeoning market very quickly - we hope to break ground on our first 20 million gallon per year plant by the end of this year."
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
Monday, August 04, 2008
T. BOONE PICKENS STATEMENT ON U.S. SENATOR BARACK OBAMA’S (D-IL) SPEECH ON U.S. ENERGY POLICY
T. BOONE PICKENS STATEMENT ON U.S. SENATOR BARACK OBAMA’S (D-IL) SPEECH ON U.S. ENERGY POLICY
Dallas, TX, August 4, 2008 – Below is that statement of T. Boone Pickens on U.S. Senator Barack Obama’s (D-IL) speech on U.S. national energy policy:
“I’m strongly encouraged by Senator Obama’s speech on America’s energy future. Foreign oil is killing our economy and putting our nation at risk.
“When I started this campaign my goal was to make this the biggest issue in the coming election and the top priority to be addressed in the first hundred days of the next administration. This issue is clearly moving up in the priority of political debate; Senator Obama’s statement is an indication that is what is indeed happening.
“I will continue to push this as a priority for the rest of the year.”
For more information about The Pickens Plan, please visit www.pickensplan.com.
###
Contact: Jay Rosser
BP Capital
214 265 4165
Jay@bpcap.net
Melissa McKay
212 446 1860
melissa@pickensplan.com
Dallas, TX, August 4, 2008 – Below is that statement of T. Boone Pickens on U.S. Senator Barack Obama’s (D-IL) speech on U.S. national energy policy:
“I’m strongly encouraged by Senator Obama’s speech on America’s energy future. Foreign oil is killing our economy and putting our nation at risk.
“When I started this campaign my goal was to make this the biggest issue in the coming election and the top priority to be addressed in the first hundred days of the next administration. This issue is clearly moving up in the priority of political debate; Senator Obama’s statement is an indication that is what is indeed happening.
“I will continue to push this as a priority for the rest of the year.”
For more information about The Pickens Plan, please visit www.pickensplan.com.
###
Contact: Jay Rosser
BP Capital
214 265 4165
Jay@bpcap.net
Melissa McKay
212 446 1860
melissa@pickensplan.com
US Cleantech Investment Climbs 41% in 2nd Quarter of 2008 to Nearly $1 Billion, The Highest Quarter on Record
US Cleantech Investment Climbs 41% in 2nd Quarter of 2008 to Nearly $1 Billion, The Highest Quarter on Record
Solar companies have top three VC-backed deals overall; energy efficiency remains strong
SAN FRANCISCO, Aug 04, 2008 -- Venture capital investments in US cleantech companies grew by 41% to $961.7 million in Q2 2008, up from $683.5 million in Q1 2008, according to an Ernst & Young report based on data from Dow Jones VentureOne.
This is the highest total cleantech investment on record, and comes amidst a quarter in which overall venture capital investment was down by nearly 8%. Year-on-year cleantech investment follows this upward trend, increasing 83% from Q2 2007.
Energy/Electricity Generation companies attracted the most investment of any sector this quarter with $494.9 million -- 52% of the total. The top three deals of the quarter were solar-related companies. The deals included, SunEdison, in Beltsville, MD, which raised $131 million, eSolar, in Pasadena, CA, which raised $130 million and BrightSource in Oakland, CA, which raised $115 million. It is also worth noting that corporate investors were involved in all of these deals.
Energy Efficiency companies made up 20% of total investment dollars and continues to be a top cleantech investment segment despite a slight 4% decline to $188.3 million in Q2. The third largest segment this quarter was Alternative Fuels, which comprised 13% of the overall US cleantech market. The segment, made up entirely of biofuels transactions, attracted $129 million of investment, down 44% from the previous quarter.
"Efficiency-related investments, such as smart meters and LED technologies, have seen relatively steady levels of deals and investment over the past few quarters because they can be ready for an exit more quickly than other renewable energy technologies," says Joseph A. Muscat, Americas Director of Cleantech and Venture Capital, Ernst & Young LLP. "Investment in increased efficiency can have a shorter payback period since many of these technologies are relatively capital efficient compared to the capital intensity of a manufacturing-heavy segment like biofuels."
Deal volumes in 2008 were distributed across the stage of investments, which is noteworthy given that the majority of deals in 2007 were seed and first round transactions. Also, while overall cleantech investment rose 41%, the number of deals increased by only one to 41 deals in Q2 2008 compared to the preceding quarter. Later stage deals accounted for 39% of the transactions in Q2 2008. Market drivers The price of energy is driving demand for cleantech innovation in the corporate sector, particularly with the average price of oil increasing 98% from June 2007 to June 2008 -- from $67.49 to $133.88 -- according to the Department of Energy (DOE). Additionally, global energy demand is slated to increase 57% from 2004 to 2030, according to the DOE. In response, investors and corporations alike are setting long-term cleantech investment strategies.
New corporate commitments to climate change are also stimulating cleantech activity. Seventy-seven percent of large corporations have integrated cleantech into their internal systems or supply chains and 63% offer cleantech-related products, according to a recent Ernst & Young survey of 150 large corporations. Large industrial, oil, automotive and utilities corporations are increasingly entering strategic partnerships and making acquisitions to find alternatives to oil. According to John S. Herold, Inc., Shell invested $1 billion over the past five years in renewable technologies and Chevron publicly committed to invest $100 million per year. DuPont and Genencor, a division of Danisco A/S, announced a commitment of $140 million over the next three years as part of a joint venture to develop solutions for the production of cellulosic ethanol. These long-term commitments and investments suggest solid, continued growth in the sector.
Cleantech deals were responsive to activity in the capital markets. During the first half of 2008, there were 115 merger and acquisition (M&A) alternative energy transactions globally. The 44 that reported acquisition values raised $7.2 billion, according to John S. Herold Inc. The largest US deal was done by private equity firm ArcLight Capital, which acquired the Tehachapi wind farm project in Kern County, CA from Australian investment group, Allco Finance, for $325 million. Another notable US corporate example is Duke Energy's $240 million acquisition of Catamount Energy, a Vermont-based wind power company from Diamond Castle Holdings. Overall, 46% of the M&A transactions were done by private equity firms and 54% were corporate deals.
Additionally, three of the 10 US domiciled IPOs in Q2 2008 were cleantech companies and accounted for $1.7 billion of the $3.9 billion raised (44%), according to Thomson Financial's SDC. The largest cleantech IPO was American Water Works, based in Voorhees, NJ, which raised over $1.2 billion. It is now the largest publicly owned water and wastewater utility company in the US. This IPO underscores the increasing interest by investors in water as a segment of cleantech, a trend that is expected to continue. Looking forward, the IPO pipeline includes seven cleantech-related companies, two of which are venture-backed. Two of these companies are looking to raise over $300 million, including Noble Environmental Power -- a Connecticut based wind company -- which is expected to raise around $375 million. "In a challenging market, investment in the cleantech sector remains strong because these companies provide cross-sector solutions to economic and environmental challenges," explained Muscat.
Note to editors: Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors: Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance. -- Alternative Fuels - Biofuels; natural gas (LNG) -- Energy / Electricity Generation - Gasification, tidal/wave, hydrogen, geothermal, solar, wind, hydro -- Energy Storage - Batteries, fuel cells, flywheels -- Energy Efficiency - Energy efficiency products, power and efficiency management services, industrial products -- Water - Treatment processes, conservation & monitoring -- Environment - Air, recycling, waste -- Industry Focused Products and Services - Agriculture, construction, transportation, materials, consumer products
About Ernst & Young's Strategic Growth Markets Network Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.
About Ernst & Young Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential. For more information, please visit www.ey.com. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This news release has been issued by Ernst & Young LLP, a member firm of Ernst & Young Global Limited
SOURCE Ernst & Young LLP
Solar companies have top three VC-backed deals overall; energy efficiency remains strong
SAN FRANCISCO, Aug 04, 2008 -- Venture capital investments in US cleantech companies grew by 41% to $961.7 million in Q2 2008, up from $683.5 million in Q1 2008, according to an Ernst & Young report based on data from Dow Jones VentureOne.
This is the highest total cleantech investment on record, and comes amidst a quarter in which overall venture capital investment was down by nearly 8%. Year-on-year cleantech investment follows this upward trend, increasing 83% from Q2 2007.
Energy/Electricity Generation companies attracted the most investment of any sector this quarter with $494.9 million -- 52% of the total. The top three deals of the quarter were solar-related companies. The deals included, SunEdison, in Beltsville, MD, which raised $131 million, eSolar, in Pasadena, CA, which raised $130 million and BrightSource in Oakland, CA, which raised $115 million. It is also worth noting that corporate investors were involved in all of these deals.
Energy Efficiency companies made up 20% of total investment dollars and continues to be a top cleantech investment segment despite a slight 4% decline to $188.3 million in Q2. The third largest segment this quarter was Alternative Fuels, which comprised 13% of the overall US cleantech market. The segment, made up entirely of biofuels transactions, attracted $129 million of investment, down 44% from the previous quarter.
"Efficiency-related investments, such as smart meters and LED technologies, have seen relatively steady levels of deals and investment over the past few quarters because they can be ready for an exit more quickly than other renewable energy technologies," says Joseph A. Muscat, Americas Director of Cleantech and Venture Capital, Ernst & Young LLP. "Investment in increased efficiency can have a shorter payback period since many of these technologies are relatively capital efficient compared to the capital intensity of a manufacturing-heavy segment like biofuels."
Deal volumes in 2008 were distributed across the stage of investments, which is noteworthy given that the majority of deals in 2007 were seed and first round transactions. Also, while overall cleantech investment rose 41%, the number of deals increased by only one to 41 deals in Q2 2008 compared to the preceding quarter. Later stage deals accounted for 39% of the transactions in Q2 2008. Market drivers The price of energy is driving demand for cleantech innovation in the corporate sector, particularly with the average price of oil increasing 98% from June 2007 to June 2008 -- from $67.49 to $133.88 -- according to the Department of Energy (DOE). Additionally, global energy demand is slated to increase 57% from 2004 to 2030, according to the DOE. In response, investors and corporations alike are setting long-term cleantech investment strategies.
New corporate commitments to climate change are also stimulating cleantech activity. Seventy-seven percent of large corporations have integrated cleantech into their internal systems or supply chains and 63% offer cleantech-related products, according to a recent Ernst & Young survey of 150 large corporations. Large industrial, oil, automotive and utilities corporations are increasingly entering strategic partnerships and making acquisitions to find alternatives to oil. According to John S. Herold, Inc., Shell invested $1 billion over the past five years in renewable technologies and Chevron publicly committed to invest $100 million per year. DuPont and Genencor, a division of Danisco A/S, announced a commitment of $140 million over the next three years as part of a joint venture to develop solutions for the production of cellulosic ethanol. These long-term commitments and investments suggest solid, continued growth in the sector.
Cleantech deals were responsive to activity in the capital markets. During the first half of 2008, there were 115 merger and acquisition (M&A) alternative energy transactions globally. The 44 that reported acquisition values raised $7.2 billion, according to John S. Herold Inc. The largest US deal was done by private equity firm ArcLight Capital, which acquired the Tehachapi wind farm project in Kern County, CA from Australian investment group, Allco Finance, for $325 million. Another notable US corporate example is Duke Energy's $240 million acquisition of Catamount Energy, a Vermont-based wind power company from Diamond Castle Holdings. Overall, 46% of the M&A transactions were done by private equity firms and 54% were corporate deals.
Additionally, three of the 10 US domiciled IPOs in Q2 2008 were cleantech companies and accounted for $1.7 billion of the $3.9 billion raised (44%), according to Thomson Financial's SDC. The largest cleantech IPO was American Water Works, based in Voorhees, NJ, which raised over $1.2 billion. It is now the largest publicly owned water and wastewater utility company in the US. This IPO underscores the increasing interest by investors in water as a segment of cleantech, a trend that is expected to continue. Looking forward, the IPO pipeline includes seven cleantech-related companies, two of which are venture-backed. Two of these companies are looking to raise over $300 million, including Noble Environmental Power -- a Connecticut based wind company -- which is expected to raise around $375 million. "In a challenging market, investment in the cleantech sector remains strong because these companies provide cross-sector solutions to economic and environmental challenges," explained Muscat.
Note to editors: Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors: Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance. -- Alternative Fuels - Biofuels; natural gas (LNG) -- Energy / Electricity Generation - Gasification, tidal/wave, hydrogen, geothermal, solar, wind, hydro -- Energy Storage - Batteries, fuel cells, flywheels -- Energy Efficiency - Energy efficiency products, power and efficiency management services, industrial products -- Water - Treatment processes, conservation & monitoring -- Environment - Air, recycling, waste -- Industry Focused Products and Services - Agriculture, construction, transportation, materials, consumer products
About Ernst & Young's Strategic Growth Markets Network Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.
About Ernst & Young Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential. For more information, please visit www.ey.com. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This news release has been issued by Ernst & Young LLP, a member firm of Ernst & Young Global Limited
SOURCE Ernst & Young LLP
Sunday, August 03, 2008
China unleashes Clean Revolution
China unleashes Clean Revolution
China seizes low carbon export opportunities in clean tech race
Friday 1 August 2008 - LONDON – China is already the world’s leading renewable energy producer*and is over-taking more developed economies in exploiting valuable economic opportunities,creating green-collar jobs and leading development of critical low carbon technologies, says a newreport to be published by The Climate Group.
The report – China’s Clean Revolution - shows that China’s transition to a low carbon economy iswell underway, led by supportive government policies which are not only driving innovation in lowcarbon technologies but also diverting billions of dollars of investment into energy efficiency andrenewable energy.
The report reveals that the low carbon economy is just as attractive to developing nations likeChina, as it is for richer countries such as the UK, Japan and Germany.
China’s combination of cost advantages, a clear policy framework, a dynamic and entrepreneurialbusiness environment and abundant abatement opportunities, is proving that developing nationshave as much, if not more, to gain from investment in low carbon solutions creating green-collarjobs, social benefits and economic growth.
Despite its coal-dependent economy, the report reveals Chinese government and businesses haveembarked on a Clean Revolution that has already made it a world leader in the manufacture of solarphoto-voltaic technology (Solar PV) where its six biggest solar companies have a combined marketvalue of over USD $15 billion. Over the next 12 months, China is also set to become the world’sleading exporter of wind turbines and is competing aggressively in other low carbon marketsincluding solar water heaters, energy efficient home appliances, and rechargeable batteries.Steve Howard, CEO of The Climate Group says: “For too long, many governments, businesses andindividuals have been wary of committing to action on climate change because they perceive thatChina – the world’s largest emitter – is doing little to address the issue.
However, the reality is thatChina’s government is beginning to unleash a low carbon dragon which will power its future growth,development and energy security objectives.”
Changhua Wu, China Director, The Climate Group, says: “Far from ignoring climate change,Chinese leaders have already committed to improving energy efficiency and scaling up the growthof low carbon industries. China is beginning to pull its weight on climate change and the targetsand policies in place are in line with those being taken by ‘leading’ countries like the UK andGermany.”
Investment in renewable energy in China - almost USD $12 billion in 2007 - is almost level withworld leader Germany as a percentage of GDP. Stronger policies from the Chinese government arecreating increased demand for low carbon investment and China will require a further USD $398billion (USD $33bn per year) to meet its 2020 renewable energy goals.Steve Howard says: “China’s current trajectory will ensure it remains a strategic global hub for lowcarbon investment, innovation and growth over coming decades.”*In terms of installed renewable capacity, China leads the world, reaching 152 Gigawatts in 2007.
ENDSNotes to Editors:For more information, case studies and interviews on the report please contact:• Alfred Deng, The Climate Group (China) on +86 10 6440 3639 or adeng@theclimategroup.org• Tom Howard-Vyse, The Climate Group (Europe), on +44 (0)207 960 2991 orthoward-vyse@theclimategroup.org• Neal McGrath, The Climate Group (US), on +1 646 233 0554 ornmcgrath@theclimategroup.org
China seizes low carbon export opportunities in clean tech race
Friday 1 August 2008 - LONDON – China is already the world’s leading renewable energy producer*and is over-taking more developed economies in exploiting valuable economic opportunities,creating green-collar jobs and leading development of critical low carbon technologies, says a newreport to be published by The Climate Group.
The report – China’s Clean Revolution - shows that China’s transition to a low carbon economy iswell underway, led by supportive government policies which are not only driving innovation in lowcarbon technologies but also diverting billions of dollars of investment into energy efficiency andrenewable energy.
The report reveals that the low carbon economy is just as attractive to developing nations likeChina, as it is for richer countries such as the UK, Japan and Germany.
China’s combination of cost advantages, a clear policy framework, a dynamic and entrepreneurialbusiness environment and abundant abatement opportunities, is proving that developing nationshave as much, if not more, to gain from investment in low carbon solutions creating green-collarjobs, social benefits and economic growth.
Despite its coal-dependent economy, the report reveals Chinese government and businesses haveembarked on a Clean Revolution that has already made it a world leader in the manufacture of solarphoto-voltaic technology (Solar PV) where its six biggest solar companies have a combined marketvalue of over USD $15 billion. Over the next 12 months, China is also set to become the world’sleading exporter of wind turbines and is competing aggressively in other low carbon marketsincluding solar water heaters, energy efficient home appliances, and rechargeable batteries.Steve Howard, CEO of The Climate Group says: “For too long, many governments, businesses andindividuals have been wary of committing to action on climate change because they perceive thatChina – the world’s largest emitter – is doing little to address the issue.
However, the reality is thatChina’s government is beginning to unleash a low carbon dragon which will power its future growth,development and energy security objectives.”
Changhua Wu, China Director, The Climate Group, says: “Far from ignoring climate change,Chinese leaders have already committed to improving energy efficiency and scaling up the growthof low carbon industries. China is beginning to pull its weight on climate change and the targetsand policies in place are in line with those being taken by ‘leading’ countries like the UK andGermany.”
Investment in renewable energy in China - almost USD $12 billion in 2007 - is almost level withworld leader Germany as a percentage of GDP. Stronger policies from the Chinese government arecreating increased demand for low carbon investment and China will require a further USD $398billion (USD $33bn per year) to meet its 2020 renewable energy goals.Steve Howard says: “China’s current trajectory will ensure it remains a strategic global hub for lowcarbon investment, innovation and growth over coming decades.”*In terms of installed renewable capacity, China leads the world, reaching 152 Gigawatts in 2007.
ENDSNotes to Editors:For more information, case studies and interviews on the report please contact:• Alfred Deng, The Climate Group (China) on +86 10 6440 3639 or adeng@theclimategroup.org• Tom Howard-Vyse, The Climate Group (Europe), on +44 (0)207 960 2991 orthoward-vyse@theclimategroup.org• Neal McGrath, The Climate Group (US), on +1 646 233 0554 ornmcgrath@theclimategroup.org
Friday, August 01, 2008
Piper Jaffray Appoints Doug Cameron to Boost Global Leadership in Renewable Energy and Clean Technology
Piper Jaffray Appoints Doug Cameron to Boost Global Leadership in Renewable Energy and Clean Technology
MINNEAPOLIS--August 1 2008 --Piper Jaffray, a global leader in renewable energy and clean technology, announced today the addition of one of the leading figures in this emerging industry, Doug Cameron, as managing director and chief science advisor. Cameron formerly served as the chief scientific officer at Khosla Ventures and was director of biotechnology at Cargill. He will work with Lois Quam, leader of strategic investing for green economy and health at Piper Jaffray, in building the firm’s global franchise in renewable energy and clean technology. “The creation and growth of companies in the green economy is the economic opportunity of our lifetime,” said Quam. “Doug operates in all the scientific and business areas related to this space. Together, we will deliver on the full breadth of opportunities in energy efficiency, clean technology and renewable energy businesses. These opportunities are driven by multiple, enduring and inter-related factors: oil supply and price issues, climate change, government actions, consumer and business demand, and world population growth.”
At Piper Jaffray, Cameron will work with the firm’s industry-leading clean technology and renewable energy investment banking team in the origination and diligence of global opportunities. He will also explore alternative investments and other opportunities for the firm.
“Doug’s unique position as a scientist and business person who has worked in this industry since its creation is a remarkable asset for Piper Jaffray,” said Murray Huneke, co-head of investment banking at Piper Jaffray & Co. “His experience in China and other global settings provides a great benefit to us given our significant investment banking business in clean technology and renewable energy in China. His expertise will also allow us to assist our clients in traditional industry sectors who are seeking to respond to the environmental and natural resource imperatives they face.”
Cameron received his bachelor’s degree in biomedical engineering from Duke University and Ph.D. in biochemical engineering from the Massachusetts Institute of Technology. He will start with Piper Jaffray on Aug. 11 and will be based in Minneapolis.
“I am delighted to join a global financial services firm with a long history, breadth of offerings, and thought leadership in renewable energy and clean technology,” said Cameron. “I look forward to working with my colleagues to achieve the full potential of this space and enhance the firm’s global leadership.”
Piper Jaffray & Co. has been the number one U.S clean technology underwriter since 2006(a) and boasts an international clean technology and renewables team that stretches from Asia to Europe to the United States and includes project finance, investment banking, research, and sales and trading professionals. In addition, the firm’s private capital team launched the first U.S.-based clean technology fund of funds in 2005. Cameron’s appointment follows the hiring of Michael Covington as the head of Piper Jaffray Ltd’s European clean technology and renewables investment banking earlier this year.
(a) Source: Thompson Financial. Ranked by number of deals as of 12/5/2007
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC - News) is a leading, international middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London, Hong Kong, and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (http://www.piperjaffray.com)
© 2008 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020
Contact:Piper JaffrayMedia Relations:Rob Litt, 612-303-8266
--------------------------------------------------------------------------------Source: Piper Jaffray
MINNEAPOLIS--August 1 2008 --Piper Jaffray, a global leader in renewable energy and clean technology, announced today the addition of one of the leading figures in this emerging industry, Doug Cameron, as managing director and chief science advisor. Cameron formerly served as the chief scientific officer at Khosla Ventures and was director of biotechnology at Cargill. He will work with Lois Quam, leader of strategic investing for green economy and health at Piper Jaffray, in building the firm’s global franchise in renewable energy and clean technology. “The creation and growth of companies in the green economy is the economic opportunity of our lifetime,” said Quam. “Doug operates in all the scientific and business areas related to this space. Together, we will deliver on the full breadth of opportunities in energy efficiency, clean technology and renewable energy businesses. These opportunities are driven by multiple, enduring and inter-related factors: oil supply and price issues, climate change, government actions, consumer and business demand, and world population growth.”
At Piper Jaffray, Cameron will work with the firm’s industry-leading clean technology and renewable energy investment banking team in the origination and diligence of global opportunities. He will also explore alternative investments and other opportunities for the firm.
“Doug’s unique position as a scientist and business person who has worked in this industry since its creation is a remarkable asset for Piper Jaffray,” said Murray Huneke, co-head of investment banking at Piper Jaffray & Co. “His experience in China and other global settings provides a great benefit to us given our significant investment banking business in clean technology and renewable energy in China. His expertise will also allow us to assist our clients in traditional industry sectors who are seeking to respond to the environmental and natural resource imperatives they face.”
Cameron received his bachelor’s degree in biomedical engineering from Duke University and Ph.D. in biochemical engineering from the Massachusetts Institute of Technology. He will start with Piper Jaffray on Aug. 11 and will be based in Minneapolis.
“I am delighted to join a global financial services firm with a long history, breadth of offerings, and thought leadership in renewable energy and clean technology,” said Cameron. “I look forward to working with my colleagues to achieve the full potential of this space and enhance the firm’s global leadership.”
Piper Jaffray & Co. has been the number one U.S clean technology underwriter since 2006(a) and boasts an international clean technology and renewables team that stretches from Asia to Europe to the United States and includes project finance, investment banking, research, and sales and trading professionals. In addition, the firm’s private capital team launched the first U.S.-based clean technology fund of funds in 2005. Cameron’s appointment follows the hiring of Michael Covington as the head of Piper Jaffray Ltd’s European clean technology and renewables investment banking earlier this year.
(a) Source: Thompson Financial. Ranked by number of deals as of 12/5/2007
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC - News) is a leading, international middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London, Hong Kong, and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (http://www.piperjaffray.com)
© 2008 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020
Contact:Piper JaffrayMedia Relations:Rob Litt, 612-303-8266
--------------------------------------------------------------------------------Source: Piper Jaffray
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