Investorideas.com - Green IPO Watch at Renewableenergystocks.com Reports; Electric Car Company Tesla (Nasdaq: TSLA) Announces Pricing of IPO
Visit this company: www.RenewableEnergyStocks.com
June 29, 2010 - (Green IPO news at Investorideas.com) www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within www.Investorideas.com, reports that electric vehicle company Tesla Motors, Inc, (Nasdaq: TSLA), announces the pricing of its IPO and commences trading.
(Nasdaq: TSLA) News:Tesla Announces Pricing of Initial Public Offering
Tesla Motors, Inc. (Nasdaq: TSLA), a manufacturer of highway-capable fully electric vehicles and electric vehicle powertrain components, today announced its initial public offering of 13,300,000 shares of its common stock at a price to the public of $17.00 per share. The shares will begin trading on Tuesday, June 29, 2010 on the NASDAQ Global Select Market under the ticker symbol “TSLA.” Of the shares in the offering, 11,880,600 shares are being offered by the company and 1,419,400 shares are being offered by selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional aggregate of 1,995,000 shares of common stock to cover over-allotments, if any. Tesla will not receive any proceeds from the sale of shares by the selling stockholders.
Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan and Deutsche Bank Securities are acting as the joint book-running managers for the offering.
The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Goldman, Sachs & Co., via telephone: (866) 471-2526; facsimile: (212) 902-9316; email: prospectus-ny@ny.email.gs.com; or standard mail at Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282-2198; from Morgan Stanley & Co. Incorporated, via telephone: (866) 718-1649; email: prospectus@morganstanley.com; or standard mail at Morgan Stanley & Co. Incorporated, Attn: Prospectus Department, 180 Varick Street, New York, NY 10014; from J.P. Morgan Securities Inc., via telephone: (718) 242-8002; or standard mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; or from Deutsche Bank Securities Inc., via telephone: (800) 503-4611; or standard mail at 100 Plaza One, Jersey City, NJ 07311 Attn: Prospectus Department.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Tesla Motors, Inc.
Tesla designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components. In addition to designing and manufacturing vehicles, Tesla sells and services them through its own sales and service network. Tesla has delivered over 1,000 Tesla Roadsters to customers in 22 countries. Tesla is headquartered in Palo Alto, California.
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About Our Green Investor Portals:
To learn about becoming a featured renewable energy or green showcase stock, contact us below.http://www.investorideas.com/Investors/Renewable_Energy_Awareness.asp
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com, creating a meeting place for investors, public companies and industry leaders following developments in renewable and green energy. The site provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, research and a comprehensive global directory of stocks within the renewable energy sector. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
Visit the Investorideas.com Green Investor Portals: www.RenewableEnergyStocks.com, www.FuelCellCarNews.com , www.EnvironmentStocks.com, www.Water-Stocks.com all within the Investorideas.com hub.
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has and estimated 1100 stocks and new stocks are added each month for investors following the sector. The renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes 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, Smart Grid, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 10 stock directories, including the water stocks directory, environment stocks directory and fuel cell stocks directory. http://www.investorideas.com/membership/
About InvestorIdeas.com:InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering multiple industry sectors including water, mining, renewable energy, energy, biotech, defense and global markets including China, India, Middle East and Australia. The website covers several sectors but has a focus on environment and water. Investorideas.com meets the needs of retail investors, public companies and entrepreneurs with unique tools and services ranging from stock directories, newsfeeds, funding directories and more.
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 800.665.0411Email: dvanzant@investorideas.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 .
Tuesday, June 29, 2010
Investorideas.com - Water Stocks; New Company Profile for Wescorp Energy Inc. (OTCBB: WSCE) a clean water solutions company for the Oil and Gas Industry
Investorideas.com - Water Stocks; New Company Profile for Wescorp Energy Inc. (OTCBB: WSCE) a clean water solutions company for the Oil and Gas Industry
Wescorp Energy's H2Omaxx technology; Environmental remediation Oil/water separation
Visit this company: www.wescorpenergy.com
June 29, 2010 – (Investorideas.com water stocks newswire) www.InvestorIdeas.com and its leading water investor portal www.water-stocks.com issue the company profile for Wescorp Energy Inc. (OTCBB: WSCE), a clean water solutions company for the oil and gas industry.
Research Report by Lisa Springer, CFAFebruary 18, 2010Read report: http://www.investorideas.com/CO/WSCE/pdf/Publication8.pdf
CFA Commentary:Proprietary Oil-Water Separation Technology Addresses Multi-Billion Dollar Market Opportunityhttp://www.investorideas.com/news/091609a.asp
Market Opportunity Remediating Oil-Contaminated Waterhttp://www.investorideas.com/news/081109c.asp
Wescorp's leading Water Technologies: Efficient, cost effective and clean technologies:
Environmental remediation Oil/water separationWescorp Energy's H2Omaxx technology focuses on helping oil and gas producers solve their "produced water" issues. Our H2Omaxx process incorporates patented aeration technology employing microscopic bubbles several orders of magnitude smaller than conventional technology, resulting in providing clients with cleaner produced water by lowering the amounts of (parts per million) hydrocarbon, providing the option of reinjection, or disposal or off-shore discharge. As well, H2Omaxx provides additional oil recovery, and reduces processing operational expenses.
Investors can view the full company profile at http://www.investorideas.com/CO/WSCE/ or visit the company website at http://www.wescorpenergy.com/
Request news and updates for Wescorp Energy Inc. (OTCBB: WSCE)http://www.investorideas.com/Resources/Newsletter.asp
About our water investor portal:www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector-close-ups, research tools, news, Blogs, online conferences, Podcasts, interviews and a directory of public companies within the water sector. Investorideas.com and its water portal www.Water-Stocks.com will be expanding current water investing content with additional commentary and analysis from well-known industry experts.Investors can research global water stocks at the Water Stocks Directory with over 200 water stocks listed.Coming soon – the new water newswire: www.waternewswire.com
Disclaimer: The following company profile for Wescorp Energy Inc. (OTCBB: WSCE) is a paid for submission. 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, company profile submissions and online advertising.
Disclaimer/disclosure http://www.investorideas.com/About/Disclaimer.asp,http://www.investorideas.com/About/News/Clientspecifics.asp
For Additional Information:Contact the company:Bibicoff + MacInnis, Inc.Terri MacInnis818.379.8500terri@bibimac.com
For more info on Investorideas.com and the water investor portal:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com, Wescorp Energy Inc. (OTCBB: WSCE)
Wescorp Energy's H2Omaxx technology; Environmental remediation Oil/water separation
Visit this company: www.wescorpenergy.com
June 29, 2010 – (Investorideas.com water stocks newswire) www.InvestorIdeas.com and its leading water investor portal www.water-stocks.com issue the company profile for Wescorp Energy Inc. (OTCBB: WSCE), a clean water solutions company for the oil and gas industry.
Research Report by Lisa Springer, CFAFebruary 18, 2010Read report: http://www.investorideas.com/CO/WSCE/pdf/Publication8.pdf
CFA Commentary:Proprietary Oil-Water Separation Technology Addresses Multi-Billion Dollar Market Opportunityhttp://www.investorideas.com/news/091609a.asp
Market Opportunity Remediating Oil-Contaminated Waterhttp://www.investorideas.com/news/081109c.asp
Wescorp's leading Water Technologies: Efficient, cost effective and clean technologies:
Environmental remediation Oil/water separationWescorp Energy's H2Omaxx technology focuses on helping oil and gas producers solve their "produced water" issues. Our H2Omaxx process incorporates patented aeration technology employing microscopic bubbles several orders of magnitude smaller than conventional technology, resulting in providing clients with cleaner produced water by lowering the amounts of (parts per million) hydrocarbon, providing the option of reinjection, or disposal or off-shore discharge. As well, H2Omaxx provides additional oil recovery, and reduces processing operational expenses.
Investors can view the full company profile at http://www.investorideas.com/CO/WSCE/ or visit the company website at http://www.wescorpenergy.com/
Request news and updates for Wescorp Energy Inc. (OTCBB: WSCE)http://www.investorideas.com/Resources/Newsletter.asp
About our water investor portal:www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector-close-ups, research tools, news, Blogs, online conferences, Podcasts, interviews and a directory of public companies within the water sector. Investorideas.com and its water portal www.Water-Stocks.com will be expanding current water investing content with additional commentary and analysis from well-known industry experts.Investors can research global water stocks at the Water Stocks Directory with over 200 water stocks listed.Coming soon – the new water newswire: www.waternewswire.com
Disclaimer: The following company profile for Wescorp Energy Inc. (OTCBB: WSCE) is a paid for submission. 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, company profile submissions and online advertising.
Disclaimer/disclosure http://www.investorideas.com/About/Disclaimer.asp,http://www.investorideas.com/About/News/Clientspecifics.asp
For Additional Information:Contact the company:Bibicoff + MacInnis, Inc.Terri MacInnis818.379.8500terri@bibimac.com
For more info on Investorideas.com and the water investor portal:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com, Wescorp Energy Inc. (OTCBB: WSCE)
Monday, June 28, 2010
Investorideas.com - Renewable Energy Stocks; Energy Recovery, Inc. (NasdaqGS: ERII) and China Wind Systems, Inc. (NasdaqGM: CWS) Top Gainers at NASDAQ
Investorideas.com - Renewable Energy Stocks; Energy Recovery, Inc. (NasdaqGS: ERII) and China Wind Systems, Inc. (NasdaqGM: CWS) Top Gainers at NASDAQ
Visit this company: www.RenewableEnergyStocks.com
June 28, 2010 - (Investorideas.com renewable energy/green newswire) Investorideas.com a leading global investor and industry portal covering the green and renewable energy sector reports on green stock trading for June 28th. Two of the top gainers at NASDAQ include Energy Recovery, Inc. (NasdaqGS: ERII), trading at $4.47, Up $0.67 (17.63%) at 1:38PM EDT and China Wind Systems, Inc. (NasdaqGM: CWS) trading at $ 4.72, up $ 0.66 (16.26%) at 1:39PM EDT.
Energy Recovery Inc (NASDAQ:ERII) designs and develops energy recovery devices that help make desalination affordable by significantly reducing energy consumption. Energy Recovery technologies include the PX Pressure Exchanger™ (PX™) device for desalination and the Turbocharger hydraulic turbine energy recovery device and pumps for desalination, gas and liquid processing applications. The company is headquartered in the San Francisco Bay Area with offices in Detroit and worldwide, including Madrid, Shanghai and the United Arab Emirates. For more information about Energy Recovery Inc.
China Wind Systems (NasdaqGM:CWS) supplies precision forged components such as rolled rings, shafts and flanges to the wind power and other industries and industrial equipment primarily to the textile industry in China. With its newly finished state-of-the-art production facility, the Company has increased its production and shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries.
Green and alternative energy investors can research wind stocks and energy efficient stocks with the Investor Ideas Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory is updated with new green stocks each month as new public companies file Green IPO’s or reverse mergers and enter the sector.
The Directory includes publicly traded green stocks on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM, Hong Kong and China and other leading Stock Exchanges.
The directory includes 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, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit our showcase green stocks and research green stocks at:www.renewableenergystocks.com and http://www.investorideas.com/GI/
Learn more about the renewable energy stocks directory:(http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp)
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 10 stock directories, including the water stocks directory and all cleantech stock directories. http://www.investorideas.com/membership/
About Our Green Investor content:Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.Visit the Investorideas.com Green Investor Portals and pages: http://www.investorideas.com/GI/, www.RenewableEnergyStocks.com, www.FuelCellCarNews.com , www.EnvironmentStocks.comAnd www.Water-Stocks.com
To learn about becoming a featured renewable energy or green showcase stock, contact us below.http://www.investorideas.com/Investors/Renewable_Energy_Awareness.asp
Our Green Social Networks:
Cleantech Investor Member Network at Socialgo.comhttp://investorideas.socialgo.com/A social network for investors of all levels to share investing ideas in cleantech for both private investments and publicly traded stocks. We offer free and premium memberships. Join- share ideas and network today!
Renewable Energy Stocks Group on www.linkedin.com -This group is for investors following publicly traded green and renewable energy stocks, as well as IR and PR contacts. Members are encouraged to share and publish news and commentary on the sector.
Visit and Join the Group on Linkedin.com: http://www.linkedin.com/groups?about=&gid=2691365&trk=anet_ug_grppro
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. Disclosure: Investorideas is compensated by featured green companies, news submissions and online advertising.Disclosure. Learn about our green showcase options for publicly traded cleantech companies. To become a showcase company, contact us below.
For more information contact:
Dawn Van Zant 800.665.0411Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
Source: www.RenewableEnergyStocks.com, www.Investorideas.com
Visit this company: www.RenewableEnergyStocks.com
June 28, 2010 - (Investorideas.com renewable energy/green newswire) Investorideas.com a leading global investor and industry portal covering the green and renewable energy sector reports on green stock trading for June 28th. Two of the top gainers at NASDAQ include Energy Recovery, Inc. (NasdaqGS: ERII), trading at $4.47, Up $0.67 (17.63%) at 1:38PM EDT and China Wind Systems, Inc. (NasdaqGM: CWS) trading at $ 4.72, up $ 0.66 (16.26%) at 1:39PM EDT.
Energy Recovery Inc (NASDAQ:ERII) designs and develops energy recovery devices that help make desalination affordable by significantly reducing energy consumption. Energy Recovery technologies include the PX Pressure Exchanger™ (PX™) device for desalination and the Turbocharger hydraulic turbine energy recovery device and pumps for desalination, gas and liquid processing applications. The company is headquartered in the San Francisco Bay Area with offices in Detroit and worldwide, including Madrid, Shanghai and the United Arab Emirates. For more information about Energy Recovery Inc.
China Wind Systems (NasdaqGM:CWS) supplies precision forged components such as rolled rings, shafts and flanges to the wind power and other industries and industrial equipment primarily to the textile industry in China. With its newly finished state-of-the-art production facility, the Company has increased its production and shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries.
Green and alternative energy investors can research wind stocks and energy efficient stocks with the Investor Ideas Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory is updated with new green stocks each month as new public companies file Green IPO’s or reverse mergers and enter the sector.
The Directory includes publicly traded green stocks on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM, Hong Kong and China and other leading Stock Exchanges.
The directory includes 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, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit our showcase green stocks and research green stocks at:www.renewableenergystocks.com and http://www.investorideas.com/GI/
Learn more about the renewable energy stocks directory:(http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp)
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 10 stock directories, including the water stocks directory and all cleantech stock directories. http://www.investorideas.com/membership/
About Our Green Investor content:Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.Visit the Investorideas.com Green Investor Portals and pages: http://www.investorideas.com/GI/, www.RenewableEnergyStocks.com, www.FuelCellCarNews.com , www.EnvironmentStocks.comAnd www.Water-Stocks.com
To learn about becoming a featured renewable energy or green showcase stock, contact us below.http://www.investorideas.com/Investors/Renewable_Energy_Awareness.asp
Our Green Social Networks:
Cleantech Investor Member Network at Socialgo.comhttp://investorideas.socialgo.com/A social network for investors of all levels to share investing ideas in cleantech for both private investments and publicly traded stocks. We offer free and premium memberships. Join- share ideas and network today!
Renewable Energy Stocks Group on www.linkedin.com -This group is for investors following publicly traded green and renewable energy stocks, as well as IR and PR contacts. Members are encouraged to share and publish news and commentary on the sector.
Visit and Join the Group on Linkedin.com: http://www.linkedin.com/groups?about=&gid=2691365&trk=anet_ug_grppro
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. Disclosure: Investorideas is compensated by featured green companies, news submissions and online advertising.Disclosure. Learn about our green showcase options for publicly traded cleantech companies. To become a showcase company, contact us below.
For more information contact:
Dawn Van Zant 800.665.0411Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
Source: www.RenewableEnergyStocks.com, www.Investorideas.com
Thursday, June 24, 2010
Cleantech News; President Obama Meets with the Cabinet to Discuss Economy, Iraq, BP Oil Spill and Energy and Climate Legislation
President Obama Meets with the Cabinet to Discuss Economy, Iraq, BP Oil Spill and Energy and Climate Legislation
"It is time for us to move to a clean energy future"
http://www.whitehouse.gov/
(http://www.investorideas.com/ clean energy stocks blog ) White House Blog; President Obama held a Cabinet meeting at the White House to discuss a variety of topics with the Cabinet ranging from economic growth, national security and the war in Iraq, the BP Oil Spill, and the need for comprehensive energy and climate legislation.
Following the meeting the President gave brief remarks in the Roosevelt Room. The President began his remarks by mentioning the Cabinet’s discussion of economic growth. Over the past five months we have seen job and economic growth, but the President emphasized that there is still more work to be done to help the “millions of Americans out there who are looking for work, or looking for more hours, or are behind on their payments because they experienced unemployment very recently.”
Vice President Biden also gave a briefing on Iraq:
We also got a full briefing from our national security team as well as Vice President Biden on Iraq. It hasn’t received a lot of attention lately, but we are on pace to meet every target that we set at the beginning of this administration, to have our combat troops out and to transfer security responsibilities to the Iraqis. And we had a discussion about the progress that's been made in terms of government formation there.
We also discussed the importance of the transition from a Defense-weighted U.S. approach to a more State Department-weighted approach, and the need to make sure that we are adequately funding and supporting all the diplomatic measures that are going to be necessary so that we can partner effectively with a new Iraqi government over the long haul.
The Cabinet also discussed the BP Oil Spill and measures that have been taken over the past few weeks to stop the leak, clean up the oil and compensate those whose livelihoods have been disrupted by the oil spill.
We had a discussion about the oil spill in the Gulf and the important measures that are being taken both in capping the well, in making sure that we are dealing with the consequences on the shorelines and estuaries and bays across the Gulf, and also making sure that ordinary Americans who are being devastated economically are compensated properly.
Ken Feinberg has already traveled to the Gulf, and he is meeting with governors and local officials with the $20 billion fund that has been set up. We want to make sure that that money is moving out as quickly as possible, as fairly as possible, and that some of the people who I’ve had a chance to talk to down in the Gulf who are just desperate for relief are getting help as quickly as possible.
Finally the Cabinet discussed the importance of passing comprehensive energy and climate legislation:
And finally, we talked about energy. In the context of the oil spill, as I said last week during my Oval Office address, this has to be a wakeup call to the country that we are prepared and ready to move forward on a new energy strategy that the American people desperately want but for which there’s been insufficient political will. It is time for us to move to a clean energy future. I think the American people understand that it is a jobs creator, that it is a national security enhancer, that it is what is needed environmentally.
And we have the opportunity to build on actions that have already been taken in the House of Representatives. The Senate has an opportunity before the August recess and the elections to stand up and move forward on something that could have enormous, positive consequences for generations to come. And the entire Cabinet here recognizes, with all the other stuff that they’re doing, that if we get energy right, that an awful lot of things can happen as a consequence.
The President will meet with a bi-partisan group of Senators to discuss energy and climate legislation next week. The live chat with Heather Zichal, Deputy Assistant to the President for Energy and Climate Change, on energy and climate legislation originally scheduled for this afternoon will be rescheduled for next week as well so she can discuss the outcome of the meeting.
source http://www.whitehouse.gov/
___________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become an Investorideas.com member and research stocks and invest in cleantech : get login access to all 4 cleantech stock directories including water stocks and renewable energy stocks : http://www.investorideas.com/membership/
Disclaimer: this is not a solicitation to buy or sell stocks, or an endorsement for any company.
"It is time for us to move to a clean energy future"
http://www.whitehouse.gov/
(http://www.investorideas.com/ clean energy stocks blog ) White House Blog; President Obama held a Cabinet meeting at the White House to discuss a variety of topics with the Cabinet ranging from economic growth, national security and the war in Iraq, the BP Oil Spill, and the need for comprehensive energy and climate legislation.
Following the meeting the President gave brief remarks in the Roosevelt Room. The President began his remarks by mentioning the Cabinet’s discussion of economic growth. Over the past five months we have seen job and economic growth, but the President emphasized that there is still more work to be done to help the “millions of Americans out there who are looking for work, or looking for more hours, or are behind on their payments because they experienced unemployment very recently.”
Vice President Biden also gave a briefing on Iraq:
We also got a full briefing from our national security team as well as Vice President Biden on Iraq. It hasn’t received a lot of attention lately, but we are on pace to meet every target that we set at the beginning of this administration, to have our combat troops out and to transfer security responsibilities to the Iraqis. And we had a discussion about the progress that's been made in terms of government formation there.
We also discussed the importance of the transition from a Defense-weighted U.S. approach to a more State Department-weighted approach, and the need to make sure that we are adequately funding and supporting all the diplomatic measures that are going to be necessary so that we can partner effectively with a new Iraqi government over the long haul.
The Cabinet also discussed the BP Oil Spill and measures that have been taken over the past few weeks to stop the leak, clean up the oil and compensate those whose livelihoods have been disrupted by the oil spill.
We had a discussion about the oil spill in the Gulf and the important measures that are being taken both in capping the well, in making sure that we are dealing with the consequences on the shorelines and estuaries and bays across the Gulf, and also making sure that ordinary Americans who are being devastated economically are compensated properly.
Ken Feinberg has already traveled to the Gulf, and he is meeting with governors and local officials with the $20 billion fund that has been set up. We want to make sure that that money is moving out as quickly as possible, as fairly as possible, and that some of the people who I’ve had a chance to talk to down in the Gulf who are just desperate for relief are getting help as quickly as possible.
Finally the Cabinet discussed the importance of passing comprehensive energy and climate legislation:
And finally, we talked about energy. In the context of the oil spill, as I said last week during my Oval Office address, this has to be a wakeup call to the country that we are prepared and ready to move forward on a new energy strategy that the American people desperately want but for which there’s been insufficient political will. It is time for us to move to a clean energy future. I think the American people understand that it is a jobs creator, that it is a national security enhancer, that it is what is needed environmentally.
And we have the opportunity to build on actions that have already been taken in the House of Representatives. The Senate has an opportunity before the August recess and the elections to stand up and move forward on something that could have enormous, positive consequences for generations to come. And the entire Cabinet here recognizes, with all the other stuff that they’re doing, that if we get energy right, that an awful lot of things can happen as a consequence.
The President will meet with a bi-partisan group of Senators to discuss energy and climate legislation next week. The live chat with Heather Zichal, Deputy Assistant to the President for Energy and Climate Change, on energy and climate legislation originally scheduled for this afternoon will be rescheduled for next week as well so she can discuss the outcome of the meeting.
source http://www.whitehouse.gov/
___________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become an Investorideas.com member and research stocks and invest in cleantech : get login access to all 4 cleantech stock directories including water stocks and renewable energy stocks : http://www.investorideas.com/membership/
Disclaimer: this is not a solicitation to buy or sell stocks, or an endorsement for any company.
Wednesday, June 23, 2010
TSX Wind Stocks; Industrial Growth Income Corporation Announces Proposed Qualifying Transaction
TSX Wind Stocks; Industrial Growth Income Corporation Announces Proposed Qualifying Transaction
WINNIPEG, June 23 TSX Wind Stocks( http://www.investorideas.com/ cleantech stocks blog) Industrial Growth Income Corporation (NEX: IGI.H) ("IGIC"), a capital pool company listed on the NEX board (the "NEX") of the TSX Venture Exchange (the "Exchange"), is pleased to announce that it has signed an arm's length letter of intent (the "Letter of Intent") dated June 17, 2010 with IQwind Ltd. ("IQwind") to acquire all of the issued and outstanding shares of IQwind.
If completed, the proposed transaction (the "Qualifying Transaction") will constitute the qualifying transaction of IGIC pursuant to Policy 2.4 Capital Pool Companies of the Exchange (the "CPC Policy").
IGIC was incorporated on September 22, 2005 and began trading on the Exchange on August 16, 2006 as a capital pool company. IGIC was transferred from the Exchange to the NEX on May 27, 2009 for failure to complete its qualifying transaction within the required time period. Upon completion of the Qualifying Transaction, provided all necessary approvals are obtained, IGIC will return to listing on the Exchange.
About IQwind:
IQwind is a developer and manufacturer of components for the wind turbine industry. IQwind is a private company incorporated on August 28, 2007 pursuant to the laws of the State of Israel. To date IQwind has been focused on technology development and has not reached the revenue stage.
IQwind was founded with the vision of reducing the cost of energy generated by wind turbines through an efficient and reliable mechanical gear that would increase performance and reduce the cost of wind turbines. IQwind has become an innovator in the wind energy industry focused on leveraging its proprietary variable gear technology, called the IQgear, to reduce the cost of energy generated by existing and newly-built wind turbines.
The IQgear technology is the basis for the IQgearbox, a breakthrough in wind turbine gearbox design. The IQgearbox represents an industry innovation: a variable speed turbine built around a fully-mechanical variable speed drivetrain.
A press release containing additional details regarding the business of IQwind as well as certain financial information regarding IQwind will be released by IGIC as soon as such information is available.
Terms of proposed qualifying transaction:
-----------------------------------------
Pursuant to the Letter of Intent, IGIC will acquire 100% of the issued and outstanding shares in the capital of IQwind and the Qualifying Transaction will result in IQwind becoming a wholly-owned subsidiary of IGIC. IQwind currently has issued and outstanding: (i) 100,000 Ordinary Shares; (ii) 66,667 A-1 Shares; (iii) 161,499 A-2 Shares; (iv) 23,000 options to purchase Ordinary Shares; and (v) 1,520 A-2 warrants (collectively, the "IQwind Securities"). In consideration for the IQwind Securities, IGIC will issue to the securityholders of IQwind 100,000,000 common shares of IGIC ("Common Shares") at a deemed price of $0.20 per Common Share for a total purchase price of $20,000,000. As additional consideration for the IQwind Securities, IGIC has agreed to issue: (i) 1,500,000 options to purchase Common Shares at a price of $0.20 per Common Share to individuals who will be directors, officers, employees or consultants of the issuer resulting from completion of the Qualifying Transaction, which options shall be exercisable for a period of five years from the date of issuance; and (ii) 114,000 warrants to purchase Common Shares at a price of $0.20 per Common Share, which warrants shall be exercisable for a period of two years from the date of issuance.
It is a condition of the Qualifying Transaction that IQwind must complete a brokered private placement (the "Private Placement") of a minimum of 35,000,000 ordinary shares of IQwind at a minimum price of $0.20 per share for minimum gross proceeds of $7,000,000. These shares will be exchanged for Common Shares on a one for one basis pursuant to the Qualifying Transaction. Versant Partners Inc. will lead a syndicate of agents (together, the "Agents") for the Private Placement. The Agents will be paid 6.5% of the gross proceeds of the Private Placement, and in addition, the Agents will receive broker warrants in the amount of 6.0% of the number of securities issued in the Private Placement, with a strike price equal to the subscription share price of the Private Placement and exercisable for a period of time to be determined between IQwind and the Agents, subject to Exchange requirements.
The use of proceeds will be targeted for R&D purposes, sales and marketing and working capital and general corporate purposes.
The sole control person of IQwind is Terra Venture Partners. The controlling shareholder of Terra Venture Partners is Astorre Modena.
IGIC currently has 4,025,000 Common Shares issued and outstanding as well as 320,000 options to purchase Common Shares at a price of $0.20 per Common Share. Upon completion of the Qualifying Transaction, assuming completion of the minimum Private Placement, IGIC will have the following securities issued and outstanding: (i) 139,025,000 Common Shares; (ii) 1,820,000 options to purchase Common Shares at a price of $0.20 per Common Share; (iii) 114,000 warrants to purchase Common Shares at a price of $0.20 per Common Share; and (iv) 2,100,000 broker warrants to purchase Common Shares at a price of $0.20 per Common Share for a period of time to be determined between IQwind and the Agents, subject to Exchange requirements.
The Qualifying Transaction is not a "Non Arm's Length Qualifying Transaction" within the meaning of the CPC Policy. Accordingly, the completion of the Qualifying Transaction is not subject to the approval of the shareholders of IGIC in accordance with the CPC Policy.
The Letter of Intent has been approved by the boards of directors of each of IGIC and IQwind. It is subject to the satisfaction of a number of customary conditions for closing the Qualifying Transaction, including approval of the Qualifying Transaction and related matters by the Exchange and the filing of a filing statement by IGIC, as well as due diligence by both IGIC and IQwind and the completion of the Private Placement for gross proceeds of at least $7,000,000.
Proposed management:
--------------------
IGIC's management team is currently comprised of Gary Coleman, Chairman, Chief Executive Officer and a director and Earl Coleman, Chief Financial Officer. In addition to Gary Coleman, IGIC's board of directors includes David Filmon and Ab Freig. Upon completion and closing of the Qualifying Transaction, it is anticipated that Gary Coleman, Gideon Ziegelman and Astorre Modena shall be the ongoing directors of IGIC. It is also anticipated that David Filmon and Ab Freig will resign as directors of IGIC as a condition of the closing of the Qualifying Transaction.
Following the closing of the Qualifying Transaction, it is anticipated that the following individuals will serve as directors and/or officers of IGIC:
Gideon Ziegelman, Chairman and CEO - Mr. Ziegelman is a founder and Chief Executive Officer of IQwind. Mr. Ziegelman is an entrepreneur with over 15 years of experience in the high-tech and alternative energy industries. He was a co-founder of a $75 million alternative energy mutual fund and a technology startup focusing on electricity storage solutions for the wind energy market. Mr. Ziegelman holds an MBA from INSEAD, Fontainebleau, France and a BSc in electrical engineering from the Technion, Israel.
Astorre Modena, Director - Dr. Modena is a board director and general partner in Terra Venture Partners, a cleantech ventures fund and a major shareholder in IQwind. Before founding Terra, he was a Principal at Israel Seed Partners, a seed-stage venture capital in Israel with more than $260 million under management. Prior to Israel Seed, Mr. Modena was with McKinsey & Co., where he consulted to leading Italian, French and Israeli manufacturing and financial corporations. He holds a B.Sc. in Physics and a Ph.D. in Plasma Physics from Imperial College in London.
Gary Coleman, Director - In addition to his positions with IGIC, Mr. Coleman has been the Chief Executive Officer of Big Freight Systems Inc., a transportation company headquartered in Steinbach, Manitoba, since 1997. Mr. Coleman was also the President, Chairman and a director of Global Fortress Inc. from May 25, 2000 until April 23, 2003 when it completed its qualifying transaction pursuant to the policies of the Exchange and transformed into Lakeview Real Estate Investment Trust by way of a plan of arrangement.
Erez Baron, Chief Financial Officer and Corporate Secretary - Mr. Baron brings 15 years of management, finance and operation experience in the technology industry to his position as CFO at IQwind. Before joining IQwind, Mr. Baron served as a CFO of HelioFocus, a company that develops high efficiency solar-thermal systems to provide high temperature heat. Before joining HelioFocus, Mr. Baron served as a CFO of Samsung Semiconductor Israel, previously known as TransChip, there he was deeply involved in the first acquisition of Samsung Electronics in Israel done in 2007. Before that, Mr. Baron served as Director of Finance in Orckit Communications (NASDAQ: ORCT). Mr. Baron also spent several years as CPA with PricewaterhouseCoopers Israel. Mr. Baron received his BA degree in Accounting and Economics and an MBA, both, from Tel Aviv University. Erez is a Certified Public Accountant and also he is a Certified Mediator from Law Office of State of Israel.
Nimrod Eitan, Chief Technology Officer - Mr Eitan is a founder and CTO of IQwind. A mechanical engineer with over 30 years experience in product development and R&D management, he served as Chief Engineer of a technology startup, which matured into Cycle Group Inc., an international producer of industrial and agricultural products. Mr. Eitan also served as a Technical Manager for several companies in the United States and Israel and holds a BSc in mechanical engineering from the Technion, Israel.
Doron Simon, Business Development Officer - Mr. Simon has 25 years of experience in high level executive positions. Mr. Simon served as Tower Semiconductor (NASDAQ: TSEM) VP marketing and president of Tower USA, a company with $500 million in annual revenue. In recent years Mr. Simon gained significant experience in growing early stage technology companies to revenue growth phase. Mr. Simon received his MBA degree from Heriot-Watt business school, Edinburgh, UK and a BSc. in Industrial Engineering from the Technion, Israel.
Sponsorship:
------------
IGIC has not yet engaged a sponsor for the Qualifying Transaction and will apply to the Exchange for an exemption from the requirement to obtain a sponsor. The granting of such an exemption is within the discretion of the Exchange and there can be no assurance that it will be granted.
Trading Halt:
The common shares of IGIC will remain halted pending receipt of satisfactory documentation by the Exchange and an additional press release by IGIC providing further information regarding IQwind.
Mr. Ziegelman, the Chief Executive Officer of IQwind, states "We are excited about the opportunity that the transaction with IGIC provides our company. The transaction with IGIC will provide IQwind with the opportunity to grow and accelerate its development plans thus becoming a major player in the alternative energy space by bringing its IQgear technology to market quicker than originally planned."
Completion of the transaction is subject to a number of conditions, including, but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
For further information: Gary Coleman, Chairman and Chief Executive Officer, Tel: (204) 977-2825
________________________________________
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WINNIPEG, June 23 TSX Wind Stocks( http://www.investorideas.com/ cleantech stocks blog) Industrial Growth Income Corporation (NEX: IGI.H) ("IGIC"), a capital pool company listed on the NEX board (the "NEX") of the TSX Venture Exchange (the "Exchange"), is pleased to announce that it has signed an arm's length letter of intent (the "Letter of Intent") dated June 17, 2010 with IQwind Ltd. ("IQwind") to acquire all of the issued and outstanding shares of IQwind.
If completed, the proposed transaction (the "Qualifying Transaction") will constitute the qualifying transaction of IGIC pursuant to Policy 2.4 Capital Pool Companies of the Exchange (the "CPC Policy").
IGIC was incorporated on September 22, 2005 and began trading on the Exchange on August 16, 2006 as a capital pool company. IGIC was transferred from the Exchange to the NEX on May 27, 2009 for failure to complete its qualifying transaction within the required time period. Upon completion of the Qualifying Transaction, provided all necessary approvals are obtained, IGIC will return to listing on the Exchange.
About IQwind:
IQwind is a developer and manufacturer of components for the wind turbine industry. IQwind is a private company incorporated on August 28, 2007 pursuant to the laws of the State of Israel. To date IQwind has been focused on technology development and has not reached the revenue stage.
IQwind was founded with the vision of reducing the cost of energy generated by wind turbines through an efficient and reliable mechanical gear that would increase performance and reduce the cost of wind turbines. IQwind has become an innovator in the wind energy industry focused on leveraging its proprietary variable gear technology, called the IQgear, to reduce the cost of energy generated by existing and newly-built wind turbines.
The IQgear technology is the basis for the IQgearbox, a breakthrough in wind turbine gearbox design. The IQgearbox represents an industry innovation: a variable speed turbine built around a fully-mechanical variable speed drivetrain.
A press release containing additional details regarding the business of IQwind as well as certain financial information regarding IQwind will be released by IGIC as soon as such information is available.
Terms of proposed qualifying transaction:
-----------------------------------------
Pursuant to the Letter of Intent, IGIC will acquire 100% of the issued and outstanding shares in the capital of IQwind and the Qualifying Transaction will result in IQwind becoming a wholly-owned subsidiary of IGIC. IQwind currently has issued and outstanding: (i) 100,000 Ordinary Shares; (ii) 66,667 A-1 Shares; (iii) 161,499 A-2 Shares; (iv) 23,000 options to purchase Ordinary Shares; and (v) 1,520 A-2 warrants (collectively, the "IQwind Securities"). In consideration for the IQwind Securities, IGIC will issue to the securityholders of IQwind 100,000,000 common shares of IGIC ("Common Shares") at a deemed price of $0.20 per Common Share for a total purchase price of $20,000,000. As additional consideration for the IQwind Securities, IGIC has agreed to issue: (i) 1,500,000 options to purchase Common Shares at a price of $0.20 per Common Share to individuals who will be directors, officers, employees or consultants of the issuer resulting from completion of the Qualifying Transaction, which options shall be exercisable for a period of five years from the date of issuance; and (ii) 114,000 warrants to purchase Common Shares at a price of $0.20 per Common Share, which warrants shall be exercisable for a period of two years from the date of issuance.
It is a condition of the Qualifying Transaction that IQwind must complete a brokered private placement (the "Private Placement") of a minimum of 35,000,000 ordinary shares of IQwind at a minimum price of $0.20 per share for minimum gross proceeds of $7,000,000. These shares will be exchanged for Common Shares on a one for one basis pursuant to the Qualifying Transaction. Versant Partners Inc. will lead a syndicate of agents (together, the "Agents") for the Private Placement. The Agents will be paid 6.5% of the gross proceeds of the Private Placement, and in addition, the Agents will receive broker warrants in the amount of 6.0% of the number of securities issued in the Private Placement, with a strike price equal to the subscription share price of the Private Placement and exercisable for a period of time to be determined between IQwind and the Agents, subject to Exchange requirements.
The use of proceeds will be targeted for R&D purposes, sales and marketing and working capital and general corporate purposes.
The sole control person of IQwind is Terra Venture Partners. The controlling shareholder of Terra Venture Partners is Astorre Modena.
IGIC currently has 4,025,000 Common Shares issued and outstanding as well as 320,000 options to purchase Common Shares at a price of $0.20 per Common Share. Upon completion of the Qualifying Transaction, assuming completion of the minimum Private Placement, IGIC will have the following securities issued and outstanding: (i) 139,025,000 Common Shares; (ii) 1,820,000 options to purchase Common Shares at a price of $0.20 per Common Share; (iii) 114,000 warrants to purchase Common Shares at a price of $0.20 per Common Share; and (iv) 2,100,000 broker warrants to purchase Common Shares at a price of $0.20 per Common Share for a period of time to be determined between IQwind and the Agents, subject to Exchange requirements.
The Qualifying Transaction is not a "Non Arm's Length Qualifying Transaction" within the meaning of the CPC Policy. Accordingly, the completion of the Qualifying Transaction is not subject to the approval of the shareholders of IGIC in accordance with the CPC Policy.
The Letter of Intent has been approved by the boards of directors of each of IGIC and IQwind. It is subject to the satisfaction of a number of customary conditions for closing the Qualifying Transaction, including approval of the Qualifying Transaction and related matters by the Exchange and the filing of a filing statement by IGIC, as well as due diligence by both IGIC and IQwind and the completion of the Private Placement for gross proceeds of at least $7,000,000.
Proposed management:
--------------------
IGIC's management team is currently comprised of Gary Coleman, Chairman, Chief Executive Officer and a director and Earl Coleman, Chief Financial Officer. In addition to Gary Coleman, IGIC's board of directors includes David Filmon and Ab Freig. Upon completion and closing of the Qualifying Transaction, it is anticipated that Gary Coleman, Gideon Ziegelman and Astorre Modena shall be the ongoing directors of IGIC. It is also anticipated that David Filmon and Ab Freig will resign as directors of IGIC as a condition of the closing of the Qualifying Transaction.
Following the closing of the Qualifying Transaction, it is anticipated that the following individuals will serve as directors and/or officers of IGIC:
Gideon Ziegelman, Chairman and CEO - Mr. Ziegelman is a founder and Chief Executive Officer of IQwind. Mr. Ziegelman is an entrepreneur with over 15 years of experience in the high-tech and alternative energy industries. He was a co-founder of a $75 million alternative energy mutual fund and a technology startup focusing on electricity storage solutions for the wind energy market. Mr. Ziegelman holds an MBA from INSEAD, Fontainebleau, France and a BSc in electrical engineering from the Technion, Israel.
Astorre Modena, Director - Dr. Modena is a board director and general partner in Terra Venture Partners, a cleantech ventures fund and a major shareholder in IQwind. Before founding Terra, he was a Principal at Israel Seed Partners, a seed-stage venture capital in Israel with more than $260 million under management. Prior to Israel Seed, Mr. Modena was with McKinsey & Co., where he consulted to leading Italian, French and Israeli manufacturing and financial corporations. He holds a B.Sc. in Physics and a Ph.D. in Plasma Physics from Imperial College in London.
Gary Coleman, Director - In addition to his positions with IGIC, Mr. Coleman has been the Chief Executive Officer of Big Freight Systems Inc., a transportation company headquartered in Steinbach, Manitoba, since 1997. Mr. Coleman was also the President, Chairman and a director of Global Fortress Inc. from May 25, 2000 until April 23, 2003 when it completed its qualifying transaction pursuant to the policies of the Exchange and transformed into Lakeview Real Estate Investment Trust by way of a plan of arrangement.
Erez Baron, Chief Financial Officer and Corporate Secretary - Mr. Baron brings 15 years of management, finance and operation experience in the technology industry to his position as CFO at IQwind. Before joining IQwind, Mr. Baron served as a CFO of HelioFocus, a company that develops high efficiency solar-thermal systems to provide high temperature heat. Before joining HelioFocus, Mr. Baron served as a CFO of Samsung Semiconductor Israel, previously known as TransChip, there he was deeply involved in the first acquisition of Samsung Electronics in Israel done in 2007. Before that, Mr. Baron served as Director of Finance in Orckit Communications (NASDAQ: ORCT). Mr. Baron also spent several years as CPA with PricewaterhouseCoopers Israel. Mr. Baron received his BA degree in Accounting and Economics and an MBA, both, from Tel Aviv University. Erez is a Certified Public Accountant and also he is a Certified Mediator from Law Office of State of Israel.
Nimrod Eitan, Chief Technology Officer - Mr Eitan is a founder and CTO of IQwind. A mechanical engineer with over 30 years experience in product development and R&D management, he served as Chief Engineer of a technology startup, which matured into Cycle Group Inc., an international producer of industrial and agricultural products. Mr. Eitan also served as a Technical Manager for several companies in the United States and Israel and holds a BSc in mechanical engineering from the Technion, Israel.
Doron Simon, Business Development Officer - Mr. Simon has 25 years of experience in high level executive positions. Mr. Simon served as Tower Semiconductor (NASDAQ: TSEM) VP marketing and president of Tower USA, a company with $500 million in annual revenue. In recent years Mr. Simon gained significant experience in growing early stage technology companies to revenue growth phase. Mr. Simon received his MBA degree from Heriot-Watt business school, Edinburgh, UK and a BSc. in Industrial Engineering from the Technion, Israel.
Sponsorship:
------------
IGIC has not yet engaged a sponsor for the Qualifying Transaction and will apply to the Exchange for an exemption from the requirement to obtain a sponsor. The granting of such an exemption is within the discretion of the Exchange and there can be no assurance that it will be granted.
Trading Halt:
The common shares of IGIC will remain halted pending receipt of satisfactory documentation by the Exchange and an additional press release by IGIC providing further information regarding IQwind.
Mr. Ziegelman, the Chief Executive Officer of IQwind, states "We are excited about the opportunity that the transaction with IGIC provides our company. The transaction with IGIC will provide IQwind with the opportunity to grow and accelerate its development plans thus becoming a major player in the alternative energy space by bringing its IQgear technology to market quicker than originally planned."
Completion of the transaction is subject to a number of conditions, including, but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
For further information: Gary Coleman, Chairman and Chief Executive Officer, Tel: (204) 977-2825
________________________________________
News and Stories Published at the Clean Energy Stocks Blog for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today:
Become an Investorideas.com member and research stocks and invest in cleantech : get login access to all 4 cleantech stock directories including water stocks and renewable energy stocks : http://www.investorideas.com/membership/ .
Disclaimer - this is not a solicitation to buy or sell stocks .
Cleantech Stocks; Blue Sphere Corporation (OTCBB: BLSP)Announces Term Sheet with Huishan Group for 17 Dairy Farms in China
Cleantech Stocks; Blue Sphere Corporation (OTCBB: BLSP) Announces Term Sheet with Huishan Group for 17 Dairy Farms in China
LONDON--Cleantech News (http://www.investorideas.com/ cleantech stocks blog )--Blue Sphere Corporation (OTCBB: BLSP) (the "Company" or “Blue Sphere”), a company in the Cleantech sector as an Emission Reduction project integrator, is pleased to announce that it has signed a non-binding term sheet for the construction of an anaerobic fermentation methane production system and a 5.66 MW power generation system at what is thought to be the largest dairy farm in the world in Liaoning Province, China.
“This is a sizable project of great potential for us. We have travelled to China for a number of years building relationships and we are excited to be starting with the Huishan Group on this project.”
.If the project proceeds, Blue Sphere will be the investor and co-developer of the project together with the Huishan Group. Huishan Group is the fifth largest dairy group in China and has 70 dairy cattle ranches, constituting the world’s largest dairy cow base. Huishan has over 60 years experience in cattle farming.
There are three anticipated sources of income if the project proceeds: electricity, sale of organic fertilizer and carbon credits (“CERs”). It is estimated that the potential annual electricity generated could be 37,639 MWh, the potential annual fertilizer production could be 619,770 tons and the potential annual CERs generated could be 180,000.
It is also estimated that the potential annual income from electricity is RMB 19.62 million (net of VAT) (approximately USD $2.88 million at current exchange rates), potential income from fertilizer is RMB 20.45 million (approximately USD $3.0 million) and potential income from CERs is Euro 1.62 million (approximately USD $2 million) calculated at Euro 9/CER.
The companies have applied to the National Development and Reform Committee of China (NDRC) to deem this a national pilot project. If approval is granted subsidies and preferential policies could potentially be allocated to the project.
Conditions to proceed with the project include due diligence and capital raising for the investment required, among other conditions. The total investment for the project is estimated at $30 Million USD.
Shlomi Palas, CEO of Blue Sphere Corporate said: “This is a sizable project of great potential for us. We have travelled to China for a number of years building relationships and we are excited to be starting with the Huishan Group on this project.”
China ratified the Kyoto Protocol in 2005. Projects to reduce greenhouse gas emission in China are eligible for carbon credits through the Clean Development Mechanism (CDM). China has already begun projects reducing CO2 emissions from power generation from biomass residue congestion.
For further information please contact the company at 888-309-9088 or info@bluespherecorporate.com
About Blue Sphere Corporation
Blue Sphere Corp. is a company in the cleantech sector as an Emission Reduction Project Integrator. Blue Sphere develops projects for greenhouse gas emission reduction and renewable energy production. The company aspires to become a key player in the global carbon reduction market, helping enterprises with high pollution emissions achieve their green goals. For further information please visit the Company's website http://www.bluespherecorporate.com/
This news release contains “forward-looking statements.” Statements in this press release, which are not purely historical, are forward-looking statements and include statements concerning the Company’s business outlook or future economic performance, anticipated revenues, expenses or other financial items; plans and objectives related thereto; and assumptions or expectations relating to any future events, conditions, performance or other matters. Such forward-looking statements include, among others, that we will finalize contracts and obtain permits to construct and operate a fermentation methane production system and a 5.66 MW power generation system in Liaoning Province, China.; that we can fulfill all conditions to proceed with the project, sign contracts and develop the project to sell electricity, fertilizer and CERs, including successfully raising financing for infrastructure and equipment, use technology that is effective at burning biomass in an environmentally friendly way, and complete the project as expected; that we can sell the CERs generated from the projects at Euro 9/CER; that the project costs are $30 million; that the anticipated income from the various revenue sources will be generated; and that the Company can become a key player in the global carbon reduction market.
Forward-looking statements are subject to risks, uncertainties and factors include, but are not limited to the nature of the carbon credit industry, including changing customer demand, changing regulatory requirements, an immature and unpredictable market for CERs, different regulations across national borders, customer acceptance of our services and products, the impact of competitive services, products and pricing, dependence on existing management, that technology may not work as expected and general economic conditions. In regards to our company, the following are also risk factors: we may not be able to finalize negotiations and sign contracts; our ability to finance operations and growth, our ability to attract and retain employees and consultants, competition from cheaper or more accepted competitors, whether our technology can perform under commercial conditions and our ability to keep control on costs. Sales of electricity, fertilizer and CERs, if realized, does not necessarily mean that our company will be profitable. In addition our company faces political risks in the regions where we operate. Readers should also refer to the risk disclosures outlined in disclosure documents filed by other start up environmental companies with the Securities and Exchange Commission available at www.sec.gov.
The Company assumes no obligation to update the information in this release.
Contacts
Blue Sphere Corporation
Shlomi Palas, 888-309-9088
info@bluespherecorporate.com
_______________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Disclaimer - this is not a solicitation to buy or sell stocks .
LONDON--Cleantech News (http://www.investorideas.com/ cleantech stocks blog )--Blue Sphere Corporation (OTCBB: BLSP) (the "Company" or “Blue Sphere”), a company in the Cleantech sector as an Emission Reduction project integrator, is pleased to announce that it has signed a non-binding term sheet for the construction of an anaerobic fermentation methane production system and a 5.66 MW power generation system at what is thought to be the largest dairy farm in the world in Liaoning Province, China.
“This is a sizable project of great potential for us. We have travelled to China for a number of years building relationships and we are excited to be starting with the Huishan Group on this project.”
.If the project proceeds, Blue Sphere will be the investor and co-developer of the project together with the Huishan Group. Huishan Group is the fifth largest dairy group in China and has 70 dairy cattle ranches, constituting the world’s largest dairy cow base. Huishan has over 60 years experience in cattle farming.
There are three anticipated sources of income if the project proceeds: electricity, sale of organic fertilizer and carbon credits (“CERs”). It is estimated that the potential annual electricity generated could be 37,639 MWh, the potential annual fertilizer production could be 619,770 tons and the potential annual CERs generated could be 180,000.
It is also estimated that the potential annual income from electricity is RMB 19.62 million (net of VAT) (approximately USD $2.88 million at current exchange rates), potential income from fertilizer is RMB 20.45 million (approximately USD $3.0 million) and potential income from CERs is Euro 1.62 million (approximately USD $2 million) calculated at Euro 9/CER.
The companies have applied to the National Development and Reform Committee of China (NDRC) to deem this a national pilot project. If approval is granted subsidies and preferential policies could potentially be allocated to the project.
Conditions to proceed with the project include due diligence and capital raising for the investment required, among other conditions. The total investment for the project is estimated at $30 Million USD.
Shlomi Palas, CEO of Blue Sphere Corporate said: “This is a sizable project of great potential for us. We have travelled to China for a number of years building relationships and we are excited to be starting with the Huishan Group on this project.”
China ratified the Kyoto Protocol in 2005. Projects to reduce greenhouse gas emission in China are eligible for carbon credits through the Clean Development Mechanism (CDM). China has already begun projects reducing CO2 emissions from power generation from biomass residue congestion.
For further information please contact the company at 888-309-9088 or info@bluespherecorporate.com
About Blue Sphere Corporation
Blue Sphere Corp. is a company in the cleantech sector as an Emission Reduction Project Integrator. Blue Sphere develops projects for greenhouse gas emission reduction and renewable energy production. The company aspires to become a key player in the global carbon reduction market, helping enterprises with high pollution emissions achieve their green goals. For further information please visit the Company's website http://www.bluespherecorporate.com/
This news release contains “forward-looking statements.” Statements in this press release, which are not purely historical, are forward-looking statements and include statements concerning the Company’s business outlook or future economic performance, anticipated revenues, expenses or other financial items; plans and objectives related thereto; and assumptions or expectations relating to any future events, conditions, performance or other matters. Such forward-looking statements include, among others, that we will finalize contracts and obtain permits to construct and operate a fermentation methane production system and a 5.66 MW power generation system in Liaoning Province, China.; that we can fulfill all conditions to proceed with the project, sign contracts and develop the project to sell electricity, fertilizer and CERs, including successfully raising financing for infrastructure and equipment, use technology that is effective at burning biomass in an environmentally friendly way, and complete the project as expected; that we can sell the CERs generated from the projects at Euro 9/CER; that the project costs are $30 million; that the anticipated income from the various revenue sources will be generated; and that the Company can become a key player in the global carbon reduction market.
Forward-looking statements are subject to risks, uncertainties and factors include, but are not limited to the nature of the carbon credit industry, including changing customer demand, changing regulatory requirements, an immature and unpredictable market for CERs, different regulations across national borders, customer acceptance of our services and products, the impact of competitive services, products and pricing, dependence on existing management, that technology may not work as expected and general economic conditions. In regards to our company, the following are also risk factors: we may not be able to finalize negotiations and sign contracts; our ability to finance operations and growth, our ability to attract and retain employees and consultants, competition from cheaper or more accepted competitors, whether our technology can perform under commercial conditions and our ability to keep control on costs. Sales of electricity, fertilizer and CERs, if realized, does not necessarily mean that our company will be profitable. In addition our company faces political risks in the regions where we operate. Readers should also refer to the risk disclosures outlined in disclosure documents filed by other start up environmental companies with the Securities and Exchange Commission available at www.sec.gov.
The Company assumes no obligation to update the information in this release.
Contacts
Blue Sphere Corporation
Shlomi Palas, 888-309-9088
info@bluespherecorporate.com
_______________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Disclaimer - this is not a solicitation to buy or sell stocks .
Tuesday, June 22, 2010
Electric Car News; Plug In Carolina Selects AeroVironment (NASDAQ: AVAV ) in to Supply, Install and Support Electric Car "Re-fueling" Stations Throughout South Carolina
Electric Car News; Plug In Carolina Selects AeroVironment (NASDAQ: AVAV ) in to Supply, Install and Support Electric Car "Re-fueling" Stations Throughout South Carolina
CHARLESTON, S.C., Electric Car News of note - (Investorideas.com green newswire ; http://www.renewableenergystocks.com/)
As today's headlines make note that the White House is backing electric cars - the following electric car news is available to investors:
Plug In Carolina announced it has selected AeroVironment, Inc. (AV) /quotes/comstock/15*!avav/quotes/nls/avav (NASDAQ: AVAV ) in Monrovia, Calif., to supply, install and support a network of public electric vehicle (EV) "re-fueling" stations in seven South Carolina cities. The charging network is expected to be operational by December 1, 2010 to support the variety of new EVs entering the roadways.
The project, funded largely by two state grants secured through the South Carolina Energy Office and scheduled to launch June 15, 2010, features a family of charging stations with one, two, or four charge points each. The multi-port configuration is user friendly and lends itself to cost-effective electrical installation. The stations will be located in key re-fueling hubs in each city.
"With seven cities located across the state installing charging stations, this project is helping to establish not only EV ready cities but positioning South Carolina as the first EV ready state in the country," said James Poch, Plug In Carolina executive director. The program will provide publicly accessible EV charging stations at locations such as municipal parking garages, public streets and retailers. Depending on host city requirements, the stations will offer smart communications and payment system options now or in the future.
"AeroVironment submitted the most comprehensive proposal among the eleven that we received, not only reflecting their deep understanding of the technology but also of the practical infrastructure considerations involved in creating a reliable EV charging network," Poch said. "Beyond our hardware needs, it became apparent to us why Nissan would choose AV to handle its nationwide deployment. We are confident that AV's detailed project management capabilities will maximize the network's utility to EV drivers."
"Refueling infrastructure is critical for the mass acceptance of clean electric vehicles," said Mike Bissonette, senior vice president and general manager of AV's Efficient Energy Systems segment. "The move to EVs is demonstrating momentum now, and reliable charging systems for both the home and in the public will be essential for the full-scale, practical adoption of electric cars. We are committed to achieving the successful implementation of this pioneering recharging network for the people of South Carolina."
AeroVironment has been developing, manufacturing and supporting EV charging products for more than a decade. AV offers a broad range of products and services, such as Level 2 charging stations for the home, and public and Level 3 fast charge public stations that can re-fuel a car battery in as little as 10 minutes. AV also offers robust, multi-modal communication, networking and payment systems that support the evolving needs of public charging infrastructure.
About Plug In Carolina
Founded in 2006, Plug In Carolina is a non-profit organization sponsored by the state's major utilities: South Carolina Electric & Gas Co., Duke Energy, Santee Cooper and Lockhart Power. Its stated mission is to educate and promote the environmental, economic and national security benefits of plug-in vehicles.
About AeroVironment, Inc. (AV)
Building on a history of technological innovation, AV designs, develops, produces and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and efficient electric energy systems. Agencies of the U.S. Department of Defense and allied military services use the company's battery-powered, hand-launched UAS to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance and target acquisition. AV's clean transportation solutions include power cycling and test systems and industrial electric vehicle charging systems for commercial and institutional customers, as well as EV home chargers and EV fast chargers for consumers. More information about AV is available at www.avinc.com .
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Additional AV News: http://www.avinc.com/News.asp
AV Twitter Feed: www.twitter.com/aerovironment __________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories inbcluding green automotive stocks.
Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
CHARLESTON, S.C., Electric Car News of note - (Investorideas.com green newswire ; http://www.renewableenergystocks.com/)
As today's headlines make note that the White House is backing electric cars - the following electric car news is available to investors:
Plug In Carolina announced it has selected AeroVironment, Inc. (AV) /quotes/comstock/15*!avav/quotes/nls/avav (NASDAQ: AVAV ) in Monrovia, Calif., to supply, install and support a network of public electric vehicle (EV) "re-fueling" stations in seven South Carolina cities. The charging network is expected to be operational by December 1, 2010 to support the variety of new EVs entering the roadways.
The project, funded largely by two state grants secured through the South Carolina Energy Office and scheduled to launch June 15, 2010, features a family of charging stations with one, two, or four charge points each. The multi-port configuration is user friendly and lends itself to cost-effective electrical installation. The stations will be located in key re-fueling hubs in each city.
"With seven cities located across the state installing charging stations, this project is helping to establish not only EV ready cities but positioning South Carolina as the first EV ready state in the country," said James Poch, Plug In Carolina executive director. The program will provide publicly accessible EV charging stations at locations such as municipal parking garages, public streets and retailers. Depending on host city requirements, the stations will offer smart communications and payment system options now or in the future.
"AeroVironment submitted the most comprehensive proposal among the eleven that we received, not only reflecting their deep understanding of the technology but also of the practical infrastructure considerations involved in creating a reliable EV charging network," Poch said. "Beyond our hardware needs, it became apparent to us why Nissan would choose AV to handle its nationwide deployment. We are confident that AV's detailed project management capabilities will maximize the network's utility to EV drivers."
"Refueling infrastructure is critical for the mass acceptance of clean electric vehicles," said Mike Bissonette, senior vice president and general manager of AV's Efficient Energy Systems segment. "The move to EVs is demonstrating momentum now, and reliable charging systems for both the home and in the public will be essential for the full-scale, practical adoption of electric cars. We are committed to achieving the successful implementation of this pioneering recharging network for the people of South Carolina."
AeroVironment has been developing, manufacturing and supporting EV charging products for more than a decade. AV offers a broad range of products and services, such as Level 2 charging stations for the home, and public and Level 3 fast charge public stations that can re-fuel a car battery in as little as 10 minutes. AV also offers robust, multi-modal communication, networking and payment systems that support the evolving needs of public charging infrastructure.
About Plug In Carolina
Founded in 2006, Plug In Carolina is a non-profit organization sponsored by the state's major utilities: South Carolina Electric & Gas Co., Duke Energy, Santee Cooper and Lockhart Power. Its stated mission is to educate and promote the environmental, economic and national security benefits of plug-in vehicles.
About AeroVironment, Inc. (AV)
Building on a history of technological innovation, AV designs, develops, produces and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and efficient electric energy systems. Agencies of the U.S. Department of Defense and allied military services use the company's battery-powered, hand-launched UAS to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance and target acquisition. AV's clean transportation solutions include power cycling and test systems and industrial electric vehicle charging systems for commercial and institutional customers, as well as EV home chargers and EV fast chargers for consumers. More information about AV is available at www.avinc.com .
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Additional AV News: http://www.avinc.com/News.asp
AV Twitter Feed: www.twitter.com/aerovironment __________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories inbcluding green automotive stocks.
Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Electric Vehicle Car News; Kandi (Nasdaq: KNDI) Reports Another of Its EVs -- Model KD5010XXYEV Has Been Approved for Sale in China
Electric Vehicle Car News; Kandi (Nasdaq: KNDI) Reports Another of Its EVs -- Model KD5010XXYEV Has Been Approved for Sale in China by the Ministry of Industry and Information Technology
JINHUA, CHINA, ( Investorideas.com renewable energy/green newswire, http://www.renewableenergystocks.com/ ) Kandi Technologies, (NASDAQ:KNDI) reported today that following the Chinese governmental approval it received for the sale domestically of its EV vehicle types 5012xxybev and 5020xxybev (batch 203 and batch 212, respectively) published by the Ministry of Industry and Information Technology (MIIT) on May 26, 2010, it has received another approval for the sale of its new EV, the KD5010xxyev, in MIIT announcement No. 104 (batch 214).
As previously reported, upon receiving its first EV approval on May 26, 2010, after many years of effort, the Company gained the right to manufacture finished automobiles for Chinese consumers. This was a milestone event which it believes has set the foundation for developing domestic EV sales.
According to the Company, however, its first two models to receive government approval are suitable for limited consumer groups, and the Company does not intend for them to be mass produced. In contrast, in the Company's view, the applicable sphere of the new faster and larger KD5010xxyev is much broader and it has great market potential. Not only does it potentially provide families with low cost, environmentally friendly all electric transportation, but it also is expected to meet the needs of government agencies such as the post office and power supply providers. As such, the Company is optimistic that the new KD5010xxyev will achieve popularity and contribute to the Company's future development.
The Newest Kandi EV, the KD5010xxyev
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Item Description
----------------------------------------------------------------------------
Overall size (LxWxH) mm 2860x1545x1650
----------------------------------------------------------------------------
Wheel base mm 2080
----------------------------------------------------------------------------
Max passenger 2
----------------------------------------------------------------------------
Max speed km/h 72 (45mph)
----------------------------------------------------------------------------
maximum gradability 20
----------------------------------------------------------------------------
Voltage V 72
---------------------------------------------------
Rated Power KW 7.5
---------------------------------------------------
electrical machine max power KW 15
---------------------------------------------------
rated speed rpm 2250
---------------------------------------------------
Max speed rpm 5600
----------------------------------------------------------------------------
Type Valve-Regulated Lead
Acid Battery
---------------------------------------------------
model 6DM120
---------------------------------------------------
battery monomer battery voltage V 12
---------------------------------------------------
nominal voltage V 72
---------------------------------------------------
total capacity Ah 120
----------------------------------------------------------------------------
About Kandi Technologies, Corp.
Kandi Technologies, Corp. (KNDI ) ranks as one of the largest manufacturers and exporters of go-karts in China, making it a world leader in the production of this popular recreational vehicle. It also ranks among the leading manufacturers in China of all terrain vehicles (ATVs), and specialized utility vehicles (UTVs), especially for agricultural purposes. Recently, it introduced a second generation high mileage, two seater three-wheeled motorcycle. A major company focus also has been on the manufacture and sales of highly economical, beautifully designed, all electric super mini cars -- for neighborhood driving and commuting. Available in convertible and hardtop models in the U.S., the COCO travels up to 60 miles at speeds reaching 25mph on a six hour charge. Recently, Kandi received government approvals for the sale of its super-mini EVs in China. Additionally, the Company has spearheaded formation of "The Alliance for Chinese Electrical Vehicle Development and Commercialization ("The Alliance" -- see below) for the development and servicing of EVs in China with the goal of becoming a leading player in the emerging EV industry. Kandi believes that battery powered, electric super minis will become the Company's largest revenue and profit generator. The Company's products can be viewed at http://www.kandivehicle.com.
About The Alliance For Chinese Electric Vehicle Development and Commercialization ("the Alliance")
On January 4, 2010, Kandi announced it had forged an Alliance with major Chinese energy, IT and battery companies to help launch a new electronic vehicle (EV) era in China. The new business model of the Alliance addresses key hurdles to mass commercialization of EVs by reducing EV purchase costs, eliminating battery concerns and substantially increasing driving ranges. The new model envisions expansion on a city by city basis of its new model, key elements of which include: strong government cooperation, separating the sale of electric vehicles from the sale of batteries, construction of a comprehensive network of "battery stations" within each city for rental, repair, replacement and charging of batteries, and also, utilizing Kandi vehicles and patented and patent pending EV technology for easy removal and replacement of batteries. The core members of the Alliance are: Kandi Technologies Corp., China Potevio/CNOOC New Energy and Power Ltd. (a joint venture between China National Offshore Oil Corporation and China Potevio Co.) and Tianneng Power International, Ltd. Jinhua City, where Kandi is based, has been chosen as the first model EV city by the Alliance.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission.
________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
JINHUA, CHINA, ( Investorideas.com renewable energy/green newswire, http://www.renewableenergystocks.com/ ) Kandi Technologies, (NASDAQ:KNDI) reported today that following the Chinese governmental approval it received for the sale domestically of its EV vehicle types 5012xxybev and 5020xxybev (batch 203 and batch 212, respectively) published by the Ministry of Industry and Information Technology (MIIT) on May 26, 2010, it has received another approval for the sale of its new EV, the KD5010xxyev, in MIIT announcement No. 104 (batch 214).
As previously reported, upon receiving its first EV approval on May 26, 2010, after many years of effort, the Company gained the right to manufacture finished automobiles for Chinese consumers. This was a milestone event which it believes has set the foundation for developing domestic EV sales.
According to the Company, however, its first two models to receive government approval are suitable for limited consumer groups, and the Company does not intend for them to be mass produced. In contrast, in the Company's view, the applicable sphere of the new faster and larger KD5010xxyev is much broader and it has great market potential. Not only does it potentially provide families with low cost, environmentally friendly all electric transportation, but it also is expected to meet the needs of government agencies such as the post office and power supply providers. As such, the Company is optimistic that the new KD5010xxyev will achieve popularity and contribute to the Company's future development.
The Newest Kandi EV, the KD5010xxyev
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Item Description
----------------------------------------------------------------------------
Overall size (LxWxH) mm 2860x1545x1650
----------------------------------------------------------------------------
Wheel base mm 2080
----------------------------------------------------------------------------
Max passenger 2
----------------------------------------------------------------------------
Max speed km/h 72 (45mph)
----------------------------------------------------------------------------
maximum gradability 20
----------------------------------------------------------------------------
Voltage V 72
---------------------------------------------------
Rated Power KW 7.5
---------------------------------------------------
electrical machine max power KW 15
---------------------------------------------------
rated speed rpm 2250
---------------------------------------------------
Max speed rpm 5600
----------------------------------------------------------------------------
Type Valve-Regulated Lead
Acid Battery
---------------------------------------------------
model 6DM120
---------------------------------------------------
battery monomer battery voltage V 12
---------------------------------------------------
nominal voltage V 72
---------------------------------------------------
total capacity Ah 120
----------------------------------------------------------------------------
About Kandi Technologies, Corp.
Kandi Technologies, Corp. (KNDI ) ranks as one of the largest manufacturers and exporters of go-karts in China, making it a world leader in the production of this popular recreational vehicle. It also ranks among the leading manufacturers in China of all terrain vehicles (ATVs), and specialized utility vehicles (UTVs), especially for agricultural purposes. Recently, it introduced a second generation high mileage, two seater three-wheeled motorcycle. A major company focus also has been on the manufacture and sales of highly economical, beautifully designed, all electric super mini cars -- for neighborhood driving and commuting. Available in convertible and hardtop models in the U.S., the COCO travels up to 60 miles at speeds reaching 25mph on a six hour charge. Recently, Kandi received government approvals for the sale of its super-mini EVs in China. Additionally, the Company has spearheaded formation of "The Alliance for Chinese Electrical Vehicle Development and Commercialization ("The Alliance" -- see below) for the development and servicing of EVs in China with the goal of becoming a leading player in the emerging EV industry. Kandi believes that battery powered, electric super minis will become the Company's largest revenue and profit generator. The Company's products can be viewed at http://www.kandivehicle.com.
About The Alliance For Chinese Electric Vehicle Development and Commercialization ("the Alliance")
On January 4, 2010, Kandi announced it had forged an Alliance with major Chinese energy, IT and battery companies to help launch a new electronic vehicle (EV) era in China. The new business model of the Alliance addresses key hurdles to mass commercialization of EVs by reducing EV purchase costs, eliminating battery concerns and substantially increasing driving ranges. The new model envisions expansion on a city by city basis of its new model, key elements of which include: strong government cooperation, separating the sale of electric vehicles from the sale of batteries, construction of a comprehensive network of "battery stations" within each city for rental, repair, replacement and charging of batteries, and also, utilizing Kandi vehicles and patented and patent pending EV technology for easy removal and replacement of batteries. The core members of the Alliance are: Kandi Technologies Corp., China Potevio/CNOOC New Energy and Power Ltd. (a joint venture between China National Offshore Oil Corporation and China Potevio Co.) and Tianneng Power International, Ltd. Jinhua City, where Kandi is based, has been chosen as the first model EV city by the Alliance.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission.
________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Monday, June 21, 2010
Water Stocks; Mueller Systems Announces Mi.Hydrant™ for Smart Water AMR/AMI
Water Stocks; Mueller Systems Announces Mi.Hydrant™ for Smart Water AMR/AMI
“Smart” fire hydrant takes center stage in communication grids connecting meter to utility distribution
CLEVELAND, N.C.--(Investorideas.com water stocks newswire, http://www.water-stocks.com/ )--Meet the smartest fire hydrant on the block.
“In today’s complex environment, information flow is a critical part of managing water flow”
.Beginning this year, utilities will have a cost-effective and innovative new option for building AMR/AMI smart grid communications for water management with the Mi.Hydrant™, from Mueller Systems. Mi.Hydrant uses radio transceivers built into fire hydrant caps to communicate water usage-related data that can help utilities improve efficiencies and customer service. It eliminates the need for costly utility leases and enhances the value of existing water infrastructure assets.
Mi.Hydrant is part of the Mi.Net™ Mueller Infrastructure for Utilities advanced metering infrastructure (AMI) system from Mueller Systems. Mueller Systems is part of Mueller Water Products, Inc. (NYSE: MWA), the leading provider of water infrastructure, flow control and piping component system products.
“In today’s complex environment, information flow is a critical part of managing water flow,” said Hassan Ali, General Manager of Mueller Systems. “Mi.Hydrant from Mueller Systems transforms the fire hydrant into an active part of a fixed two-way AMI network.”
Mueller Systems is the first and only provider to recognize that utilities can use existing hydrant infrastructure to be part of a communications grid, linking multiple components of a water infrastructure system; permitting utilities to improve information flows; and the ability to respond to customers’ needs. Mi.Hydrant systems can proactively identify and resolve critical issues around operational efficiency, water conservation, and workforce productivity -– before they affect service.
Mi.Hydrant is an enclosed transceiver that replaces the pumper cap of existing fire hydrants, blending aesthetically and operationally into the existing water infrastructure. It can provide multi-path radio frequency coverage. The device first collects and stores water infrastructure data in its own internal memory. Then, both on demand and at scheduled intervals, it transmits data to the Mi.Net™ Mueller “Infrastructure Network for Utilities” AMI system. Mi.Hydrant thus extends a 900 MHz public broadband, multi-path network for billing, metering and intelligent management of data and water.
Because many municipal codes require fire hydrant placement every 500 feet, utilities can take advantage of the cost savings of using what they already have. The Mi.Hydrant has a range of two-to-three times that distance, creating important communications links that can be built or be part of a communications grid for AMR/AMI from the meter to utility distribution communications, and back again. It provides a complete, end-to-end, two-way “smart water” network for AMR and AMI. Utilities can reduce equipment and labor costs and can eliminate the need to navigate the procedures, politics, and logistics of locating and installing additional structures on which to place communication devices.
The FCC-compliant Mi.Hydrant features open architecture, so while it is ideally deployed in a fire hydrant from Mueller Co., the leading provider of fire hydrants in the world, it can also be used with other brand fire hydrants. This empowers utilities to transition in a scaled, cost-effective manner. Mi.Hydrant can also be used to communicate data to:
•Increase operational efficiency for utilities
•Account for non-revenue water
•Reduce carbon footprint by streamlining labor and water usage
•Improve customer service through timely and accurate data
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading North American manufacturer and marketer of a broad range of water infrastructure, flow control and piping component system products for use in water distribution networks and water treatment facilities. The Company's broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries for heating, ventilation and air conditioning, fire protection, industrial, energy and oil & gas industries. With latest 12 months net sales through March 31, 2010 of $1.4 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 5,100 people. The Company's common stock trades on the New York Stock Exchange under the ticker symbol MWA. For more information about Mueller Water Products, Inc., please visit the Company's Web site at http://www.muellerwaterproducts.com/.
_________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
“Smart” fire hydrant takes center stage in communication grids connecting meter to utility distribution
CLEVELAND, N.C.--(Investorideas.com water stocks newswire, http://www.water-stocks.com/ )--Meet the smartest fire hydrant on the block.
“In today’s complex environment, information flow is a critical part of managing water flow”
.Beginning this year, utilities will have a cost-effective and innovative new option for building AMR/AMI smart grid communications for water management with the Mi.Hydrant™, from Mueller Systems. Mi.Hydrant uses radio transceivers built into fire hydrant caps to communicate water usage-related data that can help utilities improve efficiencies and customer service. It eliminates the need for costly utility leases and enhances the value of existing water infrastructure assets.
Mi.Hydrant is part of the Mi.Net™ Mueller Infrastructure for Utilities advanced metering infrastructure (AMI) system from Mueller Systems. Mueller Systems is part of Mueller Water Products, Inc. (NYSE: MWA), the leading provider of water infrastructure, flow control and piping component system products.
“In today’s complex environment, information flow is a critical part of managing water flow,” said Hassan Ali, General Manager of Mueller Systems. “Mi.Hydrant from Mueller Systems transforms the fire hydrant into an active part of a fixed two-way AMI network.”
Mueller Systems is the first and only provider to recognize that utilities can use existing hydrant infrastructure to be part of a communications grid, linking multiple components of a water infrastructure system; permitting utilities to improve information flows; and the ability to respond to customers’ needs. Mi.Hydrant systems can proactively identify and resolve critical issues around operational efficiency, water conservation, and workforce productivity -– before they affect service.
Mi.Hydrant is an enclosed transceiver that replaces the pumper cap of existing fire hydrants, blending aesthetically and operationally into the existing water infrastructure. It can provide multi-path radio frequency coverage. The device first collects and stores water infrastructure data in its own internal memory. Then, both on demand and at scheduled intervals, it transmits data to the Mi.Net™ Mueller “Infrastructure Network for Utilities” AMI system. Mi.Hydrant thus extends a 900 MHz public broadband, multi-path network for billing, metering and intelligent management of data and water.
Because many municipal codes require fire hydrant placement every 500 feet, utilities can take advantage of the cost savings of using what they already have. The Mi.Hydrant has a range of two-to-three times that distance, creating important communications links that can be built or be part of a communications grid for AMR/AMI from the meter to utility distribution communications, and back again. It provides a complete, end-to-end, two-way “smart water” network for AMR and AMI. Utilities can reduce equipment and labor costs and can eliminate the need to navigate the procedures, politics, and logistics of locating and installing additional structures on which to place communication devices.
The FCC-compliant Mi.Hydrant features open architecture, so while it is ideally deployed in a fire hydrant from Mueller Co., the leading provider of fire hydrants in the world, it can also be used with other brand fire hydrants. This empowers utilities to transition in a scaled, cost-effective manner. Mi.Hydrant can also be used to communicate data to:
•Increase operational efficiency for utilities
•Account for non-revenue water
•Reduce carbon footprint by streamlining labor and water usage
•Improve customer service through timely and accurate data
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading North American manufacturer and marketer of a broad range of water infrastructure, flow control and piping component system products for use in water distribution networks and water treatment facilities. The Company's broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries for heating, ventilation and air conditioning, fire protection, industrial, energy and oil & gas industries. With latest 12 months net sales through March 31, 2010 of $1.4 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 5,100 people. The Company's common stock trades on the New York Stock Exchange under the ticker symbol MWA. For more information about Mueller Water Products, Inc., please visit the Company's Web site at http://www.muellerwaterproducts.com/.
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News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Sunday, June 20, 2010
Cleantech News; BP ( BP: NYSE) to Proceed With Costner Centrifuge Devices to Cleanup Gulf Oil Spill
Cleantech News; BP ( BP: NYSE) to Proceed With Costner Centrifuge Devices to Cleanup Gulf Oil Spill
Ocean Therapy Solutions: Providing Global Solutions for Oil Recovery
New Orleans, LA http://www.ots.org/ cleantech news; ( http://www.investorideas.com/ clean energy blog )
British Petroleum ( BP: NYSE) signed a letter of intent with Ocean Therapy Solutions to deploy thirty-two centrifuge machines to assist in the cleanup of oil in the Gulf of Mexico. BP agreed to use the technology after testing machines during the past week.
In testimony before the House of Representatives' Science and Technology committee, Ocean Therapy Solutions partner Kevin Costner told the panel about the challenges he faced bringing the technology into industrial use, including his own personal investment of over $20 million developing the technology. He urged committee members to legislate that oil rigs be required to have mitigation equipment onsite. ”We've legislated life preservers. We legislated fire extinguishers,” Costner said. ”We legislated lifeboats and first aid kits. It seems logical that as long as the oil industry profits from the sea, they have the legal obligation to protect it, except when they find themselves fighting for life and limb.”
Just one of the company's V20 machines can clean up to 210,000 gallons of oily water per day. There are 3 V20 centrifuge machines currently operational in the Gulf. Ten more should become operational within weeks. ”Once production at our factory in Nevada ramps up in July, OTS will be able to produce 10 machines a month,” said Pat Smith, Chief Operating Officer for OTS. ”We are currently ramping up production of new machines with a goal toward deploying the machines along the entire coast,” he said.
”We have chosen teaming partners that are at ground zero and understand the challenges we face, including Edison Chouest Offshore, the largest offshore supply company in the Gulf of Mexico,” said John W. Houghtaling II, Chief Executive Officer of Ocean Therapy Solutions.
The centrifuge machines are sophisticated centrifuge devices that can handle a huge volume of water and separate oil at unprecedented rates. Costner has been funding a team of scientists for the last 15 years to develop a technology which could be used for massive oil spills.
The machines are taken out into the spill area via barges, where they can separate the oil and water. The machines come in different sizes, the largest of which, the V20, can clean water at a rate of 200 gallons per minute. Depending on the oil to water ratio, the machine has the ability to extract 2,000 barrels of oil a day from the Gulf. Once separation has occurred, the oil is stored in tanks. The water is then more than 99% clean of crude.
Siurce Ocean Therapy Solutions: http://www.ots.org/
______________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Ocean Therapy Solutions: Providing Global Solutions for Oil Recovery
New Orleans, LA http://www.ots.org/ cleantech news; ( http://www.investorideas.com/ clean energy blog )
British Petroleum ( BP: NYSE) signed a letter of intent with Ocean Therapy Solutions to deploy thirty-two centrifuge machines to assist in the cleanup of oil in the Gulf of Mexico. BP agreed to use the technology after testing machines during the past week.
In testimony before the House of Representatives' Science and Technology committee, Ocean Therapy Solutions partner Kevin Costner told the panel about the challenges he faced bringing the technology into industrial use, including his own personal investment of over $20 million developing the technology. He urged committee members to legislate that oil rigs be required to have mitigation equipment onsite. ”We've legislated life preservers. We legislated fire extinguishers,” Costner said. ”We legislated lifeboats and first aid kits. It seems logical that as long as the oil industry profits from the sea, they have the legal obligation to protect it, except when they find themselves fighting for life and limb.”
Just one of the company's V20 machines can clean up to 210,000 gallons of oily water per day. There are 3 V20 centrifuge machines currently operational in the Gulf. Ten more should become operational within weeks. ”Once production at our factory in Nevada ramps up in July, OTS will be able to produce 10 machines a month,” said Pat Smith, Chief Operating Officer for OTS. ”We are currently ramping up production of new machines with a goal toward deploying the machines along the entire coast,” he said.
”We have chosen teaming partners that are at ground zero and understand the challenges we face, including Edison Chouest Offshore, the largest offshore supply company in the Gulf of Mexico,” said John W. Houghtaling II, Chief Executive Officer of Ocean Therapy Solutions.
The centrifuge machines are sophisticated centrifuge devices that can handle a huge volume of water and separate oil at unprecedented rates. Costner has been funding a team of scientists for the last 15 years to develop a technology which could be used for massive oil spills.
The machines are taken out into the spill area via barges, where they can separate the oil and water. The machines come in different sizes, the largest of which, the V20, can clean water at a rate of 200 gallons per minute. Depending on the oil to water ratio, the machine has the ability to extract 2,000 barrels of oil a day from the Gulf. Once separation has occurred, the oil is stored in tanks. The water is then more than 99% clean of crude.
Siurce Ocean Therapy Solutions: http://www.ots.org/
______________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Wind Stocks; Shear Wind (TSX. V:SWX), Announces the Planned Establishment of a Limited Partnership to Own and Advance Glen Dhu North Project
Wind Stocks; Shear Wind (TSX. V:SWX), Announces the Planned Establishment of a Limited Partnership to Own and Advance Glen Dhu North Project
HALIFAX, NOVA SCOTIA--Wind stocks; ( http://www.investorideas.com/ - clean energy stocks blog ) Shear Wind Inc. (TSX VENTURE:SWX), announced today that Shear Wind and Genera Avante Holdings Canada Inc. ("GAHC") intend to establish a limited partnership under the laws of Manitoba to be known as Glen Dhu Wind Energy Limited Partnership ("GDWE LP"). Subject to receipt of all required shareholder, third party and regulatory approvals and consents, including the approval of the TSX Venture Exchange, Shear Wind intends to transfer all of the assets (the "Assets") related Shear Wind's 60 megawatt Glen Dhu wind power project in Nova Scotia in Antigonish and Pictou counties (the "Glen Dhu North Project") to GDWE LP (the "Asset Transfer"). The purchase price of the Assets is anticipated to be the fair market value of the Assets and to be satisfied through the issuance of limited partnership units of GDWE LP ("Units") to Shear Wind. Further details of the purchase price will be disclosed once the terms of the definitive asset purchase agreement are determined.
Immediately following the completion of the Asset Transfer, Shear Wind and GAHC intend to subscribe for Units such that, upon completion of the Asset Transfer and the subscriptions (collectively, the "Transactions"), Shear Wind shall own approximately 51% of the Units and GAHC shall own approximately 49% of the Units, subject to further adjustments once the total equity and debt financing requirements for the Glen Dhu North Project are determined. Shear Wind is therefore anticipated to retain control of the Glen Dhu North Project. GAHC currently holds 66% of the issued and outstanding shares of Shear Wind on an undiluted basis and 62% on a fully-diluted basis.
Shear Wind anticipates finalizing the terms and conditions of the required debt financing for the Glen Dhu North Project within the next several weeks and to close such a financing by the end of July.
Pursuant to an asset purchase agreement, GDWE LP will purchase and assume responsibility for all of the Assets and obligations associated with the Glen Dhu North Project, including, but not limited to the power purchase agreement with Nova Scotia Power Inc. dated April 1, 2008, the engineering, procurement and construction agreement and operating and maintenance agreements with ENERCON Canada Inc. dated May 27, 2010 and all permits and agreements to lease real property.
The Transactions are all anticipated to be concluded prior to June 30, 2010, subject to the receipt of all required approvals and consents, the conclusion of definitive agreements related to the Transactions and the receipt of a formal valuation prepared in accordance with Multilateral Instrument 61-101 and a fairness opinion from PricewaterhouseCoopers LLP ("Formal Valuation and Fairness Opinion"). The Formal Valuation and Fairness Opinion are being prepared for the sole use of the independent members of the Board of Directors and are subject to certain limitations and assumptions. The Formal Valuation and Fairness Opinion will be one factor, among others, considered by the independent members of the Board of Directors in making their recommendation to shareholders.
Shear Wind intends to obtain the requisite shareholder approval, including the approval of the majority of minority shareholders (excluding GAHC or its affiliates) via written consent and shall provide a copy of the Formal Valuation and Fairness Opinion with the written consent.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Shear Wind in any jurisdiction.
About Shear Wind
Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is engaged in the exploration and development of renewable wind energy properties in Canada. Shear Wind is focused on building a strong company based on a secure and sustainable supply of clean wind energy. Shear Wind is committed to building shareholder value governed by environmental stewardship. Additional information on the various projects may be viewed on Shear Wind's website: http://www.shearwind.com/
Forward-Looking Statements / Information
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. More particularly, and without limitation, this press release contains forward looking statements concerning: the obtaining of shareholder approvals, TSX Venture Exchange approvals and the closing date of the Asset Transfer. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. Actual results may differ materially from information contained in the forward-looking information as a result of a number of material factors, including failure to secure adequate financing to develop projects of Shear Wind. Shear Wind undertakes no obligation to publicly update or revise any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
Shear Wind Inc. trades on the TSX Venture Exchange under the symbol "SWX".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Shear Wind Inc.
Mike Magnus
President & CEO
Head Office: 902-444-7420
mmagnus@shearwind.com
http://www.shearwind.com/
____________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
HALIFAX, NOVA SCOTIA--Wind stocks; ( http://www.investorideas.com/ - clean energy stocks blog ) Shear Wind Inc. (TSX VENTURE:SWX), announced today that Shear Wind and Genera Avante Holdings Canada Inc. ("GAHC") intend to establish a limited partnership under the laws of Manitoba to be known as Glen Dhu Wind Energy Limited Partnership ("GDWE LP"). Subject to receipt of all required shareholder, third party and regulatory approvals and consents, including the approval of the TSX Venture Exchange, Shear Wind intends to transfer all of the assets (the "Assets") related Shear Wind's 60 megawatt Glen Dhu wind power project in Nova Scotia in Antigonish and Pictou counties (the "Glen Dhu North Project") to GDWE LP (the "Asset Transfer"). The purchase price of the Assets is anticipated to be the fair market value of the Assets and to be satisfied through the issuance of limited partnership units of GDWE LP ("Units") to Shear Wind. Further details of the purchase price will be disclosed once the terms of the definitive asset purchase agreement are determined.
Immediately following the completion of the Asset Transfer, Shear Wind and GAHC intend to subscribe for Units such that, upon completion of the Asset Transfer and the subscriptions (collectively, the "Transactions"), Shear Wind shall own approximately 51% of the Units and GAHC shall own approximately 49% of the Units, subject to further adjustments once the total equity and debt financing requirements for the Glen Dhu North Project are determined. Shear Wind is therefore anticipated to retain control of the Glen Dhu North Project. GAHC currently holds 66% of the issued and outstanding shares of Shear Wind on an undiluted basis and 62% on a fully-diluted basis.
Shear Wind anticipates finalizing the terms and conditions of the required debt financing for the Glen Dhu North Project within the next several weeks and to close such a financing by the end of July.
Pursuant to an asset purchase agreement, GDWE LP will purchase and assume responsibility for all of the Assets and obligations associated with the Glen Dhu North Project, including, but not limited to the power purchase agreement with Nova Scotia Power Inc. dated April 1, 2008, the engineering, procurement and construction agreement and operating and maintenance agreements with ENERCON Canada Inc. dated May 27, 2010 and all permits and agreements to lease real property.
The Transactions are all anticipated to be concluded prior to June 30, 2010, subject to the receipt of all required approvals and consents, the conclusion of definitive agreements related to the Transactions and the receipt of a formal valuation prepared in accordance with Multilateral Instrument 61-101 and a fairness opinion from PricewaterhouseCoopers LLP ("Formal Valuation and Fairness Opinion"). The Formal Valuation and Fairness Opinion are being prepared for the sole use of the independent members of the Board of Directors and are subject to certain limitations and assumptions. The Formal Valuation and Fairness Opinion will be one factor, among others, considered by the independent members of the Board of Directors in making their recommendation to shareholders.
Shear Wind intends to obtain the requisite shareholder approval, including the approval of the majority of minority shareholders (excluding GAHC or its affiliates) via written consent and shall provide a copy of the Formal Valuation and Fairness Opinion with the written consent.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Shear Wind in any jurisdiction.
About Shear Wind
Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is engaged in the exploration and development of renewable wind energy properties in Canada. Shear Wind is focused on building a strong company based on a secure and sustainable supply of clean wind energy. Shear Wind is committed to building shareholder value governed by environmental stewardship. Additional information on the various projects may be viewed on Shear Wind's website: http://www.shearwind.com/
Forward-Looking Statements / Information
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. More particularly, and without limitation, this press release contains forward looking statements concerning: the obtaining of shareholder approvals, TSX Venture Exchange approvals and the closing date of the Asset Transfer. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. Actual results may differ materially from information contained in the forward-looking information as a result of a number of material factors, including failure to secure adequate financing to develop projects of Shear Wind. Shear Wind undertakes no obligation to publicly update or revise any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
Shear Wind Inc. trades on the TSX Venture Exchange under the symbol "SWX".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Shear Wind Inc.
Mike Magnus
President & CEO
Head Office: 902-444-7420
mmagnus@shearwind.com
http://www.shearwind.com/
____________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Gulf Coast Oil Spill Update ; BP ( BP:NYSE) Claim Payments Exceed $100 Million
Gulf Coast Oil Spill Update ; BP ( BP:NYSE) Claim Payments Exceed $100 Million
Release date: 19 June 2010 ( http://www.investorideas.com/ -clean energy stocks blog )
31,000 checks issued in seven weeks New Orleans, La - BP said today that it has paid $104 million to residents along the Gulf Coast for claims filed as a result of the oil spill in the Gulf of Mexico. BP has issued more than 31,000 checks in the past seven weeks.
"Our focus has been on getting money into the hands of fishermen, shrimpers, condo owners and others who have not been able to earn income due to the spill," said Darryl Willis, of the BP claims team. "We have also been addressing the larger, more complex claims and have been successful in sending more checks to commercial entities."
BP has received about 64,000 claims to date. A 1,000-member claim team is working around the clock to receive and process claims. There are 33 field offices set up in the States of Louisiana, Mississippi, Alabama and Florida, and BP is accepting calls through an 800 number as well as accepting applications online. BP has received about 84,000 calls on the claims alone.
The average time from filing a claim to checks being issued is 4 days for individuals and seven days for more complex business claims that have provided supporting documentation. Willis said BP's commitment is to move expeditiously and fairly to meet the needs of the residents of the Gulf Coast.
Claims can be filed by phone at 1-800-440-0858 (TTY device 1-800-573-8249), on the web at www.bp.com/claims, or by visiting one of our claims offices across the Gulf Coast.
Further information BP Press Office London: +44 20 7496 4076
BP Press Office, US: +1 281 366 0265
Unified Command Joint Information Center :+1 985-902-5231
http://www.deepwaterhorizonresponse.com/
www.bp.com/gulfofmexicoresponse
_________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech :
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Release date: 19 June 2010 ( http://www.investorideas.com/ -clean energy stocks blog )
31,000 checks issued in seven weeks New Orleans, La - BP said today that it has paid $104 million to residents along the Gulf Coast for claims filed as a result of the oil spill in the Gulf of Mexico. BP has issued more than 31,000 checks in the past seven weeks.
"Our focus has been on getting money into the hands of fishermen, shrimpers, condo owners and others who have not been able to earn income due to the spill," said Darryl Willis, of the BP claims team. "We have also been addressing the larger, more complex claims and have been successful in sending more checks to commercial entities."
BP has received about 64,000 claims to date. A 1,000-member claim team is working around the clock to receive and process claims. There are 33 field offices set up in the States of Louisiana, Mississippi, Alabama and Florida, and BP is accepting calls through an 800 number as well as accepting applications online. BP has received about 84,000 calls on the claims alone.
The average time from filing a claim to checks being issued is 4 days for individuals and seven days for more complex business claims that have provided supporting documentation. Willis said BP's commitment is to move expeditiously and fairly to meet the needs of the residents of the Gulf Coast.
Claims can be filed by phone at 1-800-440-0858 (TTY device 1-800-573-8249), on the web at www.bp.com/claims, or by visiting one of our claims offices across the Gulf Coast.
Further information BP Press Office London: +44 20 7496 4076
BP Press Office, US: +1 281 366 0265
Unified Command Joint Information Center :+1 985-902-5231
http://www.deepwaterhorizonresponse.com/
www.bp.com/gulfofmexicoresponse
_________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become a member and research stocks and invest in cleantech :
water stocks, renewable energy stocks, environment stocks directories - thousands of green stocks to research and trade - Learn more : http://www.investorideas.com/membership/
Saturday, June 19, 2010
Cleantech Oil Spill Stocks; EVTN Presents Oil Spill Technology on CNBC
Cleantech Oil Spill Stocks; EVTN Presents Oil Spill Technology on CNBC;
Announces BP Review of Its Voraxial® Oil/Water Separator
FORT LAUDERDALE, Fla., As released June 9 Cleantech news ( http://www.investorideas.com/ clean energy blog ) - Enviro Voraxial Technology, Inc. (OTCBB: EVTN.OB) was featured on the CNBC Television Show "Power Lunch," June 7, 2010 with Tyler Mathison, Michelle Cabrera and Sue Herera. The show presented EVTN as an example of private sector American entrepreneurial spirit, developing effective solutions to control and clean major oil spills.
The EVTN segment of this show may be seen by clicking on the following link: http://www.cnbc.com/id/15840232/?video=1515795009&play=1
During the show it was announced that British Petroleum (BP) notified EVTN that it is reviewing EVTN's Voraxial® Separator technology for possible application to its oil spill response program.
Mr. John A. Di Bella provided examples of the huge volumes of oil-contaminated sea water that could be processed by EVTN's patented Voraxial® Separator, as compared to the average oil recovery reported for the entire deployed Gulf fleet since the beginning of the Deepwater Horizon disaster. A single Voraxial® 4000 Separator, EVTN's medium size model, can separate over 700,000 gallons of oil/water mixture per day. EVTN's largest model, the Voraxial® 8000 Separator can separate over 5 million gallons of oil/water mixture per day. According to Deepwater Horizon's website, as of June 8, 2010 a total of approximately 16 million gallons of oil/water mixture has been collected since the spill began in April.
"The Voraxial® Separator's unique characteristics allow the technology to be used in various industries for many different applications, including oil spill recovery. The Voraxial Separator is ideal for oil spill recovery and we are pursuing a number of opportunities to deploy our units to the Gulf," stated John A. Di Bella, COO of EVTN. "The Voraxial offers one of the best solutions to mitigate this crisis as we can significantly increase the amount of oil/water mixture processed and quickly separate the oil from the captured mixture."
About EVTN: Enviro Voraxial Technology, Inc. (OTCBB "EVTN") is a Fort Lauderdale, Florida-based CleanTech company that developed and manufactures the Voraxial®, arguably the world's most efficient technology for high volume, bulk separation of fluids such as oil and water.
The Voraxial® Separator is a scalable cost-effective, mechanical separator that separates contaminants at high volumes with less space, energy and weight than conventional equipment. The Voraxial® Separator benefits include: high volume/small footprint, no pressure drop requirement, 2-way or 3 way separation, handles fluctuations in flow rate and oil concentration without any adjustments, high "g" force and less maintenance than conventional equipment. These benefits result in significant acquisition and operating cost savings to the customer.
The separation market encompasses a series of multi-billion dollar segments, spread globally across many industries and applications. Including: oil & gas exploration and production, mining, environmental, clean water, waste treatment, bio-fuel refining, remediation and much more. EVTN was originally founded as a high precision aerospace manufacturer that built the gyro platforms for the Hubble space telescope as well as missile and satellite components. The Voraxial® is now successfully commercialized with world class customers and is the exclusive focus of EVTN's business. EVTN owns significant IP surrounding the Voraxial®.
Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial® Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Enviro Voraxial® Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial® Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial® and its subsidiaries to differ materially from those indicated by such forward-looking statements.
Company web site: http://www.evtn.com/
SOURCE Enviro Voraxial Technology, Inc.
_________________________________________________________________-
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today:
Become an Investor Ideas member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Get loging access to our environment stocks directory, water stocks directory and renewable energy stocks directory as an Investorideas.com member today !
Announces BP Review of Its Voraxial® Oil/Water Separator
FORT LAUDERDALE, Fla., As released June 9 Cleantech news ( http://www.investorideas.com/ clean energy blog ) - Enviro Voraxial Technology, Inc. (OTCBB: EVTN.OB) was featured on the CNBC Television Show "Power Lunch," June 7, 2010 with Tyler Mathison, Michelle Cabrera and Sue Herera. The show presented EVTN as an example of private sector American entrepreneurial spirit, developing effective solutions to control and clean major oil spills.
The EVTN segment of this show may be seen by clicking on the following link: http://www.cnbc.com/id/15840232/?video=1515795009&play=1
During the show it was announced that British Petroleum (BP) notified EVTN that it is reviewing EVTN's Voraxial® Separator technology for possible application to its oil spill response program.
Mr. John A. Di Bella provided examples of the huge volumes of oil-contaminated sea water that could be processed by EVTN's patented Voraxial® Separator, as compared to the average oil recovery reported for the entire deployed Gulf fleet since the beginning of the Deepwater Horizon disaster. A single Voraxial® 4000 Separator, EVTN's medium size model, can separate over 700,000 gallons of oil/water mixture per day. EVTN's largest model, the Voraxial® 8000 Separator can separate over 5 million gallons of oil/water mixture per day. According to Deepwater Horizon's website, as of June 8, 2010 a total of approximately 16 million gallons of oil/water mixture has been collected since the spill began in April.
"The Voraxial® Separator's unique characteristics allow the technology to be used in various industries for many different applications, including oil spill recovery. The Voraxial Separator is ideal for oil spill recovery and we are pursuing a number of opportunities to deploy our units to the Gulf," stated John A. Di Bella, COO of EVTN. "The Voraxial offers one of the best solutions to mitigate this crisis as we can significantly increase the amount of oil/water mixture processed and quickly separate the oil from the captured mixture."
About EVTN: Enviro Voraxial Technology, Inc. (OTCBB "EVTN") is a Fort Lauderdale, Florida-based CleanTech company that developed and manufactures the Voraxial®, arguably the world's most efficient technology for high volume, bulk separation of fluids such as oil and water.
The Voraxial® Separator is a scalable cost-effective, mechanical separator that separates contaminants at high volumes with less space, energy and weight than conventional equipment. The Voraxial® Separator benefits include: high volume/small footprint, no pressure drop requirement, 2-way or 3 way separation, handles fluctuations in flow rate and oil concentration without any adjustments, high "g" force and less maintenance than conventional equipment. These benefits result in significant acquisition and operating cost savings to the customer.
The separation market encompasses a series of multi-billion dollar segments, spread globally across many industries and applications. Including: oil & gas exploration and production, mining, environmental, clean water, waste treatment, bio-fuel refining, remediation and much more. EVTN was originally founded as a high precision aerospace manufacturer that built the gyro platforms for the Hubble space telescope as well as missile and satellite components. The Voraxial® is now successfully commercialized with world class customers and is the exclusive focus of EVTN's business. EVTN owns significant IP surrounding the Voraxial®.
Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial® Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Enviro Voraxial® Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial® Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial® and its subsidiaries to differ materially from those indicated by such forward-looking statements.
Company web site: http://www.evtn.com/
SOURCE Enviro Voraxial Technology, Inc.
_________________________________________________________________-
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today:
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Get loging access to our environment stocks directory, water stocks directory and renewable energy stocks directory as an Investorideas.com member today !
Cleantech News; Establishing the Cleantech 20 by 2020
Cleantech News; Establishing the Cleantech 20 by 2020: Cleantech Sector Poised to Be a Key Engine of British Columbia's Economic Growth
2010 SDTC Cleantech Growth and Go-To-Market Report - BC Edition released
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ clean energy blog ) - The cleantech sector is on the cusp of being the green engine driving British Columbia's economic growth according to the BC Edition of Canada's first ever comprehensive report on the cleantech industry. The 2010 SDTC Cleantech Growth & Go-to-Market Report - BC Edition, authored by the Russell Mitchell Group, is based on input from 168 cleantech companies, including 37 in BC.
"In Vancouver, we are working closely with both the public and private sectors to strengthen the rapidly growing green economy," said Vancouver Mayor Gregor Robertson. "Reports like the SDTC Cleantech Growth and Go-To-Market Report are instrumental in providing us with a clear map for supporting the clean tech industry. Our city is striving to foster innovation, and we want to ensure that going green isn't just good for the environment, but good for business too."
"As this report shows, BC has an active and growing base of emerging cleantech companies, and is home to nearly a quarter of the Canadian cleantech companies to have achieved commercialization," said Iain Black, Minister of Small Business, Technology and Economic Development. "Our government will continue to strengthen this important sector by creating a business and regulatory climate that encourages B.C. cleantech innovation, investment and exporting."
Key findings from the Report include:
BC has the highest ratio of cleantech companies to GDP in Canada – BC's ratio is 175 per cent.
The BC cleantech industry is dominated by companies specifically focused on power generation. Approximately 24% of BC cleantech companies focus on power generation.
BC's distribution channels for cleantech products and processes are, on average, less developed than the rest of Canada.
"Clean technology is being integrated into virtually every sector of Canada's economy, opening up new avenues of opportunity, creating jobs, and delivering essential environmental benefits to Canadian industries," said Vicky Sharpe, President and CEO of Sustainable Development Technology Canada (SDTC). "This report will be a great tool for the industry and for all levels of government as we strive to bring BC's cleantech sector to its full potential."
"The Canadian cleantech industry has plenty of potential to build globally-competitive companies," said Céline Bak, Partner with the Russell Mitchell Group. "But, being global technology leaders is that much harder when early adopter markets are far from home. A thriving Canadian cleantech industry depends on more than just technological innovation; we will need to build strong domestic markets while at the same time, investing in world-class commercialization for customers at home and abroad."
The Report also outlines a game plan to build "20 by 2020" – twenty Canadian cleantech companies having achieved $100 million in annual revenues by the year 2020. In order to meet this goal, the Report outlines areas that the BC government, the federal government and the private sector need to address. The recommendations address structural issues that stand in the way of the industry's potential success. These issues are:
The industry has commercially-ready products and is ready to grow, however it is chronically undercapitalized, receiving on average only 30% of the capital that US counterparts are able to secure at the same stage.
Domestic markets for clean technology companies in Canada are not dynamic. Green procurement by large procurers including government and large institutions is vital to the industry and is becoming a leading indicator for established industries to measure their own productivity improvement.
Management teams that invest in commercialization are rewarded by growth. Many companies are under performing because of systemic underinvestment in market-facing disciplines.
The Report, which is available in 5 editions (National, BC, Prairies, Ontario and Quebec) was produced by the Russell Mitchell Group in partnership with six provinces and five federal departments. Sponsors include OMERS, OCETA , BC Hydro, BC Innovation Council, Business Development Bank of Canada (BDC), C3E, Cenovus, Export Development Canada (EDC), Encana, Lixar, Ogilvy Renault, RBC and the Stonewood Group.
About SDTC
Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
_________________________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors: Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become an Investorideas.com member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
2010 SDTC Cleantech Growth and Go-To-Market Report - BC Edition released
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ clean energy blog ) - The cleantech sector is on the cusp of being the green engine driving British Columbia's economic growth according to the BC Edition of Canada's first ever comprehensive report on the cleantech industry. The 2010 SDTC Cleantech Growth & Go-to-Market Report - BC Edition, authored by the Russell Mitchell Group, is based on input from 168 cleantech companies, including 37 in BC.
"In Vancouver, we are working closely with both the public and private sectors to strengthen the rapidly growing green economy," said Vancouver Mayor Gregor Robertson. "Reports like the SDTC Cleantech Growth and Go-To-Market Report are instrumental in providing us with a clear map for supporting the clean tech industry. Our city is striving to foster innovation, and we want to ensure that going green isn't just good for the environment, but good for business too."
"As this report shows, BC has an active and growing base of emerging cleantech companies, and is home to nearly a quarter of the Canadian cleantech companies to have achieved commercialization," said Iain Black, Minister of Small Business, Technology and Economic Development. "Our government will continue to strengthen this important sector by creating a business and regulatory climate that encourages B.C. cleantech innovation, investment and exporting."
Key findings from the Report include:
BC has the highest ratio of cleantech companies to GDP in Canada – BC's ratio is 175 per cent.
The BC cleantech industry is dominated by companies specifically focused on power generation. Approximately 24% of BC cleantech companies focus on power generation.
BC's distribution channels for cleantech products and processes are, on average, less developed than the rest of Canada.
"Clean technology is being integrated into virtually every sector of Canada's economy, opening up new avenues of opportunity, creating jobs, and delivering essential environmental benefits to Canadian industries," said Vicky Sharpe, President and CEO of Sustainable Development Technology Canada (SDTC). "This report will be a great tool for the industry and for all levels of government as we strive to bring BC's cleantech sector to its full potential."
"The Canadian cleantech industry has plenty of potential to build globally-competitive companies," said Céline Bak, Partner with the Russell Mitchell Group. "But, being global technology leaders is that much harder when early adopter markets are far from home. A thriving Canadian cleantech industry depends on more than just technological innovation; we will need to build strong domestic markets while at the same time, investing in world-class commercialization for customers at home and abroad."
The Report also outlines a game plan to build "20 by 2020" – twenty Canadian cleantech companies having achieved $100 million in annual revenues by the year 2020. In order to meet this goal, the Report outlines areas that the BC government, the federal government and the private sector need to address. The recommendations address structural issues that stand in the way of the industry's potential success. These issues are:
The industry has commercially-ready products and is ready to grow, however it is chronically undercapitalized, receiving on average only 30% of the capital that US counterparts are able to secure at the same stage.
Domestic markets for clean technology companies in Canada are not dynamic. Green procurement by large procurers including government and large institutions is vital to the industry and is becoming a leading indicator for established industries to measure their own productivity improvement.
Management teams that invest in commercialization are rewarded by growth. Many companies are under performing because of systemic underinvestment in market-facing disciplines.
The Report, which is available in 5 editions (National, BC, Prairies, Ontario and Quebec) was produced by the Russell Mitchell Group in partnership with six provinces and five federal departments. Sponsors include OMERS, OCETA , BC Hydro, BC Innovation Council, Business Development Bank of Canada (BDC), C3E, Cenovus, Export Development Canada (EDC), Encana, Lixar, Ogilvy Renault, RBC and the Stonewood Group.
About SDTC
Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
_________________________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors: Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become an Investorideas.com member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
Cleantech News ; Canada's Economic Action Plan: Clean Energy Technology Gets Boost in Quebec City
Cleantech News ; Canada's Economic Action Plan: Clean Energy Technology Gets Boost in Quebec City
QUEBEC CITY, QUEBEC--- Cleantech News ( http://www.investorideas.com/ clean energy blog ) June 18, 2010 - Integrated community energy systems are gaining momentum in Canada with the launch of a new project in Quebec City. The Honourable Josée Verner, Minister of Intergovernmental Affairs, President of the Queen's Privy Council for Canada, Minister for La Francophonie and Minister Responsible for the Quebec Region, today announced that La Cité, Quebec's Biomass–based Urban Central Heating Demonstration Project will receive up to $4.7 million through the Government of Canada's Clean Energy Fund. Minister Verner was joined by Jean Morency, SSQ Immobilier's CEO, to announce the community clean energy demonstration project.
"Our approach to reducing greenhouse gas emissions includes significant investments in clean energy technologies," said Minister Verner. "Our government is investing in Quebec's Biomass-based Urban Central Heating Demonstration Project with several partners to encourage innovation and help create jobs for Quebecers."
Quebec City's Biomass-based Urban Central Heating Demonstration Project will bring La Cité Verte, a unique environmental community, to reality. This project will help to install biomass based district heating systems in this community. It will also support the management of renewable energy and water consumption while utilizing energy efficient design for building and community energy systems.
"By announcing this investment in La Cité Verte, the Government of Canada is demonstrating the cutting-edge vision of Canadian society toward sustainable development. La Cité Verte is a flagship project for the design and execution of future real estate projects in Canada," said SSQ Immobilier's CEO, Mr. Jean Morency.
As part of Canada's Economic Action Plan, the Clean Energy Fund is investing $795 million in clean energy technology development and demonstration over five years. The Government of Canada's support will help launch close to 20 projects under the renewable and clean energy portion of the Clean Energy Fund, totalling up to $146 million. Three carbon capture and storage projects have also been announced, totalling $466 million from the fund.
FOR BROADCAST USE:
The Government of Canada is investing up to $4.7 million through the Clean Energy Fund for Quebec's Biomass–based Urban Central Heating Demonstration Project at La Cité Verte.
The following media backgrounder is available at www.nrcan.gc.ca/media : Clean Energy Fund — Renewable Energy and Clean Energy Systems Demonstration Projects
NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media.
__________________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors: Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become an Investor ideas member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
QUEBEC CITY, QUEBEC--- Cleantech News ( http://www.investorideas.com/ clean energy blog ) June 18, 2010 - Integrated community energy systems are gaining momentum in Canada with the launch of a new project in Quebec City. The Honourable Josée Verner, Minister of Intergovernmental Affairs, President of the Queen's Privy Council for Canada, Minister for La Francophonie and Minister Responsible for the Quebec Region, today announced that La Cité, Quebec's Biomass–based Urban Central Heating Demonstration Project will receive up to $4.7 million through the Government of Canada's Clean Energy Fund. Minister Verner was joined by Jean Morency, SSQ Immobilier's CEO, to announce the community clean energy demonstration project.
"Our approach to reducing greenhouse gas emissions includes significant investments in clean energy technologies," said Minister Verner. "Our government is investing in Quebec's Biomass-based Urban Central Heating Demonstration Project with several partners to encourage innovation and help create jobs for Quebecers."
Quebec City's Biomass-based Urban Central Heating Demonstration Project will bring La Cité Verte, a unique environmental community, to reality. This project will help to install biomass based district heating systems in this community. It will also support the management of renewable energy and water consumption while utilizing energy efficient design for building and community energy systems.
"By announcing this investment in La Cité Verte, the Government of Canada is demonstrating the cutting-edge vision of Canadian society toward sustainable development. La Cité Verte is a flagship project for the design and execution of future real estate projects in Canada," said SSQ Immobilier's CEO, Mr. Jean Morency.
As part of Canada's Economic Action Plan, the Clean Energy Fund is investing $795 million in clean energy technology development and demonstration over five years. The Government of Canada's support will help launch close to 20 projects under the renewable and clean energy portion of the Clean Energy Fund, totalling up to $146 million. Three carbon capture and storage projects have also been announced, totalling $466 million from the fund.
FOR BROADCAST USE:
The Government of Canada is investing up to $4.7 million through the Clean Energy Fund for Quebec's Biomass–based Urban Central Heating Demonstration Project at La Cité Verte.
The following media backgrounder is available at www.nrcan.gc.ca/media : Clean Energy Fund — Renewable Energy and Clean Energy Systems Demonstration Projects
NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media.
__________________________________________________________________
News and Stories Published at the Clean Energy Stocks Blog. for Green Investors: Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories. Our Goal; One Million More Investors Investing in Green Technology and Water Technology in 2010. Join us today: Become an Investor ideas member and research stocks and invest in cleantech : http://www.investorideas.com/membership/
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