How to Pick Winners in the Coming “Tsunami” of Renewable Energy IPOs
Investorideas.com Green Investor Audio Series
June 30, 2008
Michael Brush Audio Interview with Mr. Michael Eckhart, President of the American Council on Renewable Energy (ACORE)
Long-term renewable energy sector expert Michael Eckhart talks with Michael Brush about why we will soon see a “tsunami” of renewable energy stock initial public offerings, and what you need to know to pick the winners. Mr. Eckhart, President of the American Council on Renewable Energy, brings a unique level of passion and perspective to any discussion on the space because he has been following the sector for over 25 years. A former Manager of Strategic Planning for the Power Systems Sector of General Electric, Mr. Eckhart holds an undergraduate degree in electrical engineering, and he has an MBA from Harvard Business School.
Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi062608.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Invesorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Featured Green Companies are showcased on: www.Renewableenergystocks.com.
www.InvestorIdeas.com/About/Disclaimer.asp
Monday, June 30, 2008
Julia Hamm of the Solar Electric Power Association Discusses Recent Fact Finding Mission to Germany
Julia Hamm of the Solar Electric Power Association Discusses Recent Fact Finding Mission to Germany
Utility Scale Solar Activity and Growth of Thin Film Solar Key Trends to Note
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
June 30, 2008
Investorideas.com founder Dawn Van Zant interviews Julia Hamm of the Solar Electric Power Association
Julia Hamm of the Solar Electric Power Association, recently returned from their fact finding mission to Germany to examine how US utilities can emulate the success of German utilities in integrating large quantities of renewable resources into a national utility grid without creating transmission bottle necks, system quality distortions, and scheduling issues.
Julia provides first- hand perspective and knowledge for industry leaders as well as key trends for investors to follow. The first trend she makes note of is the buzz and level activity related to utility scale solar. Another key trend she elaborates on is the growth of thin-film solar technology.
Hear one of the industry leaders, Julia Hamn; provide in-depth insight into the sector:
Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi063008.mp3
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH). Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Featured Green Companies are showcased on: www.Renewableenergystocks.com.
www.InvestorIdeas.com/About/Disclaimer.asp
Utility Scale Solar Activity and Growth of Thin Film Solar Key Trends to Note
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
June 30, 2008
Investorideas.com founder Dawn Van Zant interviews Julia Hamm of the Solar Electric Power Association
Julia Hamm of the Solar Electric Power Association, recently returned from their fact finding mission to Germany to examine how US utilities can emulate the success of German utilities in integrating large quantities of renewable resources into a national utility grid without creating transmission bottle necks, system quality distortions, and scheduling issues.
Julia provides first- hand perspective and knowledge for industry leaders as well as key trends for investors to follow. The first trend she makes note of is the buzz and level activity related to utility scale solar. Another key trend she elaborates on is the growth of thin-film solar technology.
Hear one of the industry leaders, Julia Hamn; provide in-depth insight into the sector:
Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi063008.mp3
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH). Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Featured Green Companies are showcased on: www.Renewableenergystocks.com.
www.InvestorIdeas.com/About/Disclaimer.asp
RenewableEnergyStocks.com Presents Ludlow Energy Investor Conferences
Ludlow Energy Ventures, in conjunction with RenewableEnergyStocks.com Presents Ludlow Energy Investor Conferences
POINT ROBERTS, WA and DELTA, BC—June 30, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, is pleased to participate as a sponsor of the upcoming Ludlow Clean Tech Investor Conference to be held in New York, July 24, 2008. The conference wil provide public and private companies in the green sector an opportunity to present to an institutional audience.
Ludlow Energy Investor Conferences
http://www.ludlowenergy.com/events/
Ludlow Energy Ventures, in conjunction with RenewableEnergyStocks.com, is bringing together institutional and accredited investors from Wall Street to focus in on the alternative and renewable energy investment sector. The conferences will consist of company presentations, discussion workshops, and private diners and cocktail receptions on Wall Street.
Companies interested in presenting or sponsoring the event can sign up and register online at :
http://www.ludlowenergy.com/events/form/present_res.htm
New York City Ludlow Clean Tech Investor Conference
July 24, 2008
The New York Helmsley Hotel
212 East 42nd Street
New York, New York 10017
About Ludlow Energy Ventures
Based in New York City, Ludlow Energy Ventures is a venture capital and research advisory firm with a specific focus on the renewable and alternative energy markets. The goal of the firm is to promote investments into alternative and renewable energy projects and ventures worldwide. Ludlow Energy Ventures owns and operates the Ludlow Energy Indices, which tracks a wide basket of US traded large and small cap alternative energy stocks. www.ludlowenergy.com
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
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. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Sarah Kapchinske
Ludlow Energy Ventures, Inc.
Email: info@ludlowenergy.com
Source: RenewableEnergyStocks.com, Ludlow
POINT ROBERTS, WA and DELTA, BC—June 30, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, is pleased to participate as a sponsor of the upcoming Ludlow Clean Tech Investor Conference to be held in New York, July 24, 2008. The conference wil provide public and private companies in the green sector an opportunity to present to an institutional audience.
Ludlow Energy Investor Conferences
http://www.ludlowenergy.com/events/
Ludlow Energy Ventures, in conjunction with RenewableEnergyStocks.com, is bringing together institutional and accredited investors from Wall Street to focus in on the alternative and renewable energy investment sector. The conferences will consist of company presentations, discussion workshops, and private diners and cocktail receptions on Wall Street.
Companies interested in presenting or sponsoring the event can sign up and register online at :
http://www.ludlowenergy.com/events/form/present_res.htm
New York City Ludlow Clean Tech Investor Conference
July 24, 2008
The New York Helmsley Hotel
212 East 42nd Street
New York, New York 10017
About Ludlow Energy Ventures
Based in New York City, Ludlow Energy Ventures is a venture capital and research advisory firm with a specific focus on the renewable and alternative energy markets. The goal of the firm is to promote investments into alternative and renewable energy projects and ventures worldwide. Ludlow Energy Ventures owns and operates the Ludlow Energy Indices, which tracks a wide basket of US traded large and small cap alternative energy stocks. www.ludlowenergy.com
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
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. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Sarah Kapchinske
Ludlow Energy Ventures, Inc.
Email: info@ludlowenergy.com
Source: RenewableEnergyStocks.com, Ludlow
Tuesday, June 24, 2008
Former President and CEO of Pirelli Tire North America Discusses ZAP, Inc. in Interview With CEOCorner at InvestSourceInc.com
Former President and CEO of Pirelli Tire North America Discusses ZAP, Inc. in Interview With CEOCorner at InvestSourceInc.com
HUNTINGTON BEACH, CA, Jun 24, 2008 - InvestSource, Inc. invites the public to hear what Guy Mannino, the President and CEO of Verdek, Inc., has to say about his company's recent sales agreement with ZAP, Inc. (OTC BB:ZAAP.OB - News). Mr. Mannino was featured in a recent installment of CEOCorner, "The Fastest 60 Seconds in the Small-Cap Market." Details of the interview can be heard at the company profile for ZAP, Inc. on the InvestSource, Inc. (ISI) website at: www.investsourceinc.com or on the CEOCorner website at: www.ceo-corner.com.
Mr. Mannino, the former President and CEO of Pirelli Tire North America, is an ardent advocate of green technology, and has been an outspoken critic of corporate America and government for their unwillingness to adopt a more proactive stance towards "clean and green technology." During the interview, Mr. Mannino explained that after leaving Pirelli, he became convinced that now was the time for him to devote his energies to fostering environmentally and economically sound policy change. He explained that after extensive due diligence, he became convinced that ZAP, Inc. offered a realistic, effective, and above all readily available transportation solution. He called upon corporate America to stop "ignoring the realities" and take decisive action geared towards protecting the environment for future generations.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
InvestSource, Inc.
714-847-2460
Email Contact
Source: InvestSource, Inc.
HUNTINGTON BEACH, CA, Jun 24, 2008 - InvestSource, Inc. invites the public to hear what Guy Mannino, the President and CEO of Verdek, Inc., has to say about his company's recent sales agreement with ZAP, Inc. (OTC BB:ZAAP.OB - News). Mr. Mannino was featured in a recent installment of CEOCorner, "The Fastest 60 Seconds in the Small-Cap Market." Details of the interview can be heard at the company profile for ZAP, Inc. on the InvestSource, Inc. (ISI) website at: www.investsourceinc.com or on the CEOCorner website at: www.ceo-corner.com.
Mr. Mannino, the former President and CEO of Pirelli Tire North America, is an ardent advocate of green technology, and has been an outspoken critic of corporate America and government for their unwillingness to adopt a more proactive stance towards "clean and green technology." During the interview, Mr. Mannino explained that after leaving Pirelli, he became convinced that now was the time for him to devote his energies to fostering environmentally and economically sound policy change. He explained that after extensive due diligence, he became convinced that ZAP, Inc. offered a realistic, effective, and above all readily available transportation solution. He called upon corporate America to stop "ignoring the realities" and take decisive action geared towards protecting the environment for future generations.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
InvestSource, Inc.
714-847-2460
Email Contact
Source: InvestSource, Inc.
Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Reports a 6-month Fiscal Period Revenue Increase of 61% for Manufact
Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Reports a 6-month Fiscal Period Revenue Increase of 61% for Manufacturing Operations
BELLINGHAM, Wash., June 24, 2008 - Essential Innovations Technology Corp. (OTCBB: ESIV; FRANKFURT: E6S) a United States-based Geoexchange Company, is pleased to report that it has seen a dramatic increase in positive revenue growth from its wholly-owned manufacturing subsidiary when compared to the same 6-month period from the last fiscal year.
"As it relates specifically to the sales revenues for our manufacturing subsidiary, Essential Innovations Corp. ("EIC"), we're very happy to report revenue growth of 61% for the 6 months ended April 30, 2008. In particular, this is representative of the strongest second quarter in our firms' history with our manufacturing business recording $200,867 USD in direct sales of our proprietary Geoexchange equipment during the period. As we look ahead to results for the third quarter of Fiscal 2008, given that EIC presently has some $500,000 CAD (+/-) worth of equipment in production or as backlog, we anticipate that EIC can achieve a quarterly growth rate on par with, or even greater than this current rate, when the EIC sales figures for the quarter ended July 31, 2008, are formally reported later this year," said Jason McDiarmid, President/CEO, ESIV.
Essential Innovations Technology Corp. provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, China.
Geoexchange technology harnesses the earth's clean, renewable thermal energy stored just below the surface or in large bodies of water for purposes of heating, cooling, domestic hot water and/or dehumidification. A Geoexchange system is used to "exchange" the earth's natural heating and cooling properties between a building and the ground. This non-combustion transfer of energy is the source of performance and environmental superiority, as Geoexchange systems need only a small amount of electrical energy to then capture, move and concentrate a large amount of free energy provided by the earth.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such forward-looking statements involve risks and uncertainties. These statements include, but are not limited to, statements that do not describe historical facts and statements that include the word "believes," "anticipates," "expects," "plans," "intends," "designs," "projects," "assumes," or similar language, as well as statements regarding consumer or marketplace acceptance of the Company's new or existing products; comments concerning marketing and consumer acceptance of proprietary products; the potential benefits of Essential Innovations' products; initiatives undertaken by the Essential Innovations' divisions; the Company's research, manufacturing and facilities expansion programs; and the Company's growth, revenue, or projected earnings; all such statements which may or may not occur in the future. These forward-looking statements are made as of the date of this news release, and Essential Innovations Technology Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no absolute assurance that such belief, plans, expectations or intentions will prove to be completely accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time to time with the Securities and Exchange Commission.
Essential Innovations Technology is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ESIV/Default.asp
BELLINGHAM, Wash., June 24, 2008 - Essential Innovations Technology Corp. (OTCBB: ESIV; FRANKFURT: E6S) a United States-based Geoexchange Company, is pleased to report that it has seen a dramatic increase in positive revenue growth from its wholly-owned manufacturing subsidiary when compared to the same 6-month period from the last fiscal year.
"As it relates specifically to the sales revenues for our manufacturing subsidiary, Essential Innovations Corp. ("EIC"), we're very happy to report revenue growth of 61% for the 6 months ended April 30, 2008. In particular, this is representative of the strongest second quarter in our firms' history with our manufacturing business recording $200,867 USD in direct sales of our proprietary Geoexchange equipment during the period. As we look ahead to results for the third quarter of Fiscal 2008, given that EIC presently has some $500,000 CAD (+/-) worth of equipment in production or as backlog, we anticipate that EIC can achieve a quarterly growth rate on par with, or even greater than this current rate, when the EIC sales figures for the quarter ended July 31, 2008, are formally reported later this year," said Jason McDiarmid, President/CEO, ESIV.
Essential Innovations Technology Corp. provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, China.
Geoexchange technology harnesses the earth's clean, renewable thermal energy stored just below the surface or in large bodies of water for purposes of heating, cooling, domestic hot water and/or dehumidification. A Geoexchange system is used to "exchange" the earth's natural heating and cooling properties between a building and the ground. This non-combustion transfer of energy is the source of performance and environmental superiority, as Geoexchange systems need only a small amount of electrical energy to then capture, move and concentrate a large amount of free energy provided by the earth.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such forward-looking statements involve risks and uncertainties. These statements include, but are not limited to, statements that do not describe historical facts and statements that include the word "believes," "anticipates," "expects," "plans," "intends," "designs," "projects," "assumes," or similar language, as well as statements regarding consumer or marketplace acceptance of the Company's new or existing products; comments concerning marketing and consumer acceptance of proprietary products; the potential benefits of Essential Innovations' products; initiatives undertaken by the Essential Innovations' divisions; the Company's research, manufacturing and facilities expansion programs; and the Company's growth, revenue, or projected earnings; all such statements which may or may not occur in the future. These forward-looking statements are made as of the date of this news release, and Essential Innovations Technology Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no absolute assurance that such belief, plans, expectations or intentions will prove to be completely accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time to time with the Securities and Exchange Commission.
Essential Innovations Technology is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ESIV/Default.asp
Renewable Energy Stocks Sector Close-Up on Solar Stocks; Solar Stocks on the Run
Renewable Energy Stocks Sector Close-Up on Solar Stocks; Solar Stocks on the Run
Raised Targets, Japan Reinstating Solar Subsidies and Technical Trading Incite Run
POINT ROBERTS, WA and DELTA, BC—June 24, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks with commentary from solar expert J. Peter Lynch, Adam Krop, Vice President-Equity Research at Ardour Capital Investments and Robert Wilder, Manager of the WilderHill Clean Energy Index.
Solar stocks were given a boost as Lehman Brothers raised targets on Evergreen Solar Inc. and First Solar Inc. First Solar was up $19.78 (7.37%) on the day following Lehman’s analyst, Vishal Shah,
increasing his price target to $335 from $280.
Renewable Energy Stocks solar expert, J. Peter Lynch, commented, “Solar stocks are beginning to come back from their recent correction. About half of the stocks I follow have broken above their 50- day moving averages. If the tax credits get extended the whole sector will run up, but it will require a close eye and the ability to exit quickly if the extension fails.”
According to Adam Krop, Vice President-Equity Research at Ardour Capital Investments, LLC,
“In addition to Lehman upgrade, solar stocks are moving higher on chatter that Japan may be on the verge of reinstating solar subsidies to make up for lost market share in the past two and a half years.”
The Ardour Solar Energy Index (Market, News), a compilation of global solar energy stocks
in three primary solar energy sectors: Photovoltaics, Solar Thermal, and Solar Lighting was up $9.20 at the close.
Robert Wilder, Manager of the WilderHill Clean Energy Index (^ECO) noted, “One needn't look very far to see why several solar stocks have seen increasing valuations lately. With oil around unprecedented highs, Saudis unable to calm concerns they cannot make up for growing depletion of existing supply, natural gas demand outstripping supply, and coal costs rising to boot, there's an environment of new attention to alternatives.” Full quote click here: http://www.investorideas.com/Articles/062408.asp
"Solar could make up 10% of U.S. generation by 2025 according to a recent utility solar assessment study by Clean Edge and Co-op America. This kind of projection evidences the growth potential of the Solar Industry to its participants, and we feel privileged to be a part of it," said Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX).
Sector Close-Up as of Trading June 23, 2008:
First Solar, Inc. (Market, News) closed at $288.00 US, up $19.78 (7.37%) following Lehman’s upgrade.
Akeena Solar Inc. (NASDAQ:AKNS) was down $0.02 on the day but up in after markets $ 0.12 (2.06%).
Evergreen Solar Inc (Market, News) closed up 3.52%.
LDK Solar ADR (Market, News) increased $1.80 (4.80%) with additional gains after hours.
SunPower Corporation (Market, News ) had gains of $1.29 (1.59%).
Yingli Green Energy (Market, News) was down $0.48 (2.46%) with after market gains of$0.15 (0.79%).
Clear Skies Solar Inc. (OTCBB: CSKH) closed down $0.08.
XsunX: (OTCBB: XSNX) closed down $0.01 (1.27%).
ICP SOLAR (Market, News ) ended down$ 0.02 (3.23%).
WorldWater & Solar Technologies (Market, News) traded volume of 925,958.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Coming soon to Investorideas.com - InvestorIdeas.com Green Investor:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of interviews with some of the leading CEOs, investment banking and financial leaders in the sector.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH). Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
Leading the charge among the Clear Skies technologies is their patented XTRAXR, the first of its kind to handle the trading of carbon credits and its comprehensive billing procedures, designed and developed entirely by Clear Skies Group's in-house research and development department. XTRAXR will deliver reliable autonomous data readings for solar energy systems around the United States. Additionally, the XTRAXR system can also provide monitoring of energy production from wind, solar-thermal, geo-thermal, tidal and other types of facilities and installations that are fossil-fuel independent.
CSS has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
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: XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition CSKH has issued options. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, WilderHill Clean Energy Index ,XsunX, Clear Skies Solar
Raised Targets, Japan Reinstating Solar Subsidies and Technical Trading Incite Run
POINT ROBERTS, WA and DELTA, BC—June 24, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks with commentary from solar expert J. Peter Lynch, Adam Krop, Vice President-Equity Research at Ardour Capital Investments and Robert Wilder, Manager of the WilderHill Clean Energy Index.
Solar stocks were given a boost as Lehman Brothers raised targets on Evergreen Solar Inc. and First Solar Inc. First Solar was up $19.78 (7.37%) on the day following Lehman’s analyst, Vishal Shah,
increasing his price target to $335 from $280.
Renewable Energy Stocks solar expert, J. Peter Lynch, commented, “Solar stocks are beginning to come back from their recent correction. About half of the stocks I follow have broken above their 50- day moving averages. If the tax credits get extended the whole sector will run up, but it will require a close eye and the ability to exit quickly if the extension fails.”
According to Adam Krop, Vice President-Equity Research at Ardour Capital Investments, LLC,
“In addition to Lehman upgrade, solar stocks are moving higher on chatter that Japan may be on the verge of reinstating solar subsidies to make up for lost market share in the past two and a half years.”
The Ardour Solar Energy Index (Market, News), a compilation of global solar energy stocks
in three primary solar energy sectors: Photovoltaics, Solar Thermal, and Solar Lighting was up $9.20 at the close.
Robert Wilder, Manager of the WilderHill Clean Energy Index (^ECO) noted, “One needn't look very far to see why several solar stocks have seen increasing valuations lately. With oil around unprecedented highs, Saudis unable to calm concerns they cannot make up for growing depletion of existing supply, natural gas demand outstripping supply, and coal costs rising to boot, there's an environment of new attention to alternatives.” Full quote click here: http://www.investorideas.com/Articles/062408.asp
"Solar could make up 10% of U.S. generation by 2025 according to a recent utility solar assessment study by Clean Edge and Co-op America. This kind of projection evidences the growth potential of the Solar Industry to its participants, and we feel privileged to be a part of it," said Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX).
Sector Close-Up as of Trading June 23, 2008:
First Solar, Inc. (Market, News) closed at $288.00 US, up $19.78 (7.37%) following Lehman’s upgrade.
Akeena Solar Inc. (NASDAQ:AKNS) was down $0.02 on the day but up in after markets $ 0.12 (2.06%).
Evergreen Solar Inc (Market, News) closed up 3.52%.
LDK Solar ADR (Market, News) increased $1.80 (4.80%) with additional gains after hours.
SunPower Corporation (Market, News ) had gains of $1.29 (1.59%).
Yingli Green Energy (Market, News) was down $0.48 (2.46%) with after market gains of$0.15 (0.79%).
Clear Skies Solar Inc. (OTCBB: CSKH) closed down $0.08.
XsunX: (OTCBB: XSNX) closed down $0.01 (1.27%).
ICP SOLAR (Market, News ) ended down$ 0.02 (3.23%).
WorldWater & Solar Technologies (Market, News) traded volume of 925,958.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Coming soon to Investorideas.com - InvestorIdeas.com Green Investor:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of interviews with some of the leading CEOs, investment banking and financial leaders in the sector.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH). Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
Leading the charge among the Clear Skies technologies is their patented XTRAXR, the first of its kind to handle the trading of carbon credits and its comprehensive billing procedures, designed and developed entirely by Clear Skies Group's in-house research and development department. XTRAXR will deliver reliable autonomous data readings for solar energy systems around the United States. Additionally, the XTRAXR system can also provide monitoring of energy production from wind, solar-thermal, geo-thermal, tidal and other types of facilities and installations that are fossil-fuel independent.
CSS has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
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: XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition CSKH has issued options. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, WilderHill Clean Energy Index ,XsunX, Clear Skies Solar
Sunday, June 22, 2008
Harry Domash: How to find green energy stocks
Investorideas.com/ Renewableenergystocks.com Featured in San Fran Gate,Harry Domash: How to find green energy stocks
Where can you find alternative energy stocks? Do actively managed mutual funds outperform index funds? These are some of your questions that I'm answering today.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/21/BU8911CDD5.DTL
Investorideas.com is listed as one of several financial resources for investors to use
Where can you find alternative energy stocks? Do actively managed mutual funds outperform index funds? These are some of your questions that I'm answering today.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/21/BU8911CDD5.DTL
Investorideas.com is listed as one of several financial resources for investors to use
Thursday, June 19, 2008
Renewable Energy Stocks Newly Listed Showcase Company, Mantra Venture Group Ltd. (OTCBB: MVTG-FSE: EDV 5MV;Building a Portfolio of Green Technologies
Renewable Energy Stocks Newly Listed Showcase Company, Mantra Venture Group Ltd. (OTCBB: MVTG-FSE: EDV 5MV;Building a Portfolio of Green Technologies
Carbon Capture Technology Recently Funded by Mantra Moves to Next Stage of Development
POINT ROBERTS, WA and DELTA, BC -June 19 , 2008 www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents featured showcase Mantra Venture Group Ltd. ( OTCBB: MVTG and FSE: 5MV), a public company that invests in and licenses a growing portfolio of green technologies. The company has licensed two key technologies developed at well respected University research departments.
The current portfolio of green technologies includes ERC (explained below), and “signal smoothing” which increases power efficiencies derived from wind, ocean & geothermal power. Mantra is interested in many other sustainable technologies and is investigating or negotiating some of these. An example is cellulosic ethanol: ethanol produced from wood and agricultural wastes (described below).
Mantra acquired the intellectual property for a process developed at the UBC Clean Energy Research Center (CERC) by Professor Colin Oloman (co-inventor with Dr. Hui Li) that converts carbon dioxide (CO2) into useful products. The process, ERC (electro-reduction of carbon dioxide), takes carbon dioxide and water, combined with electricity, to produce commodity chemicals which can also be used as fuel to power a specially designed fuel cell. Together, ERC and the fuel cell are a clean renewable source of power in which the CO2 can be continuously recycled. It functions like CCS (carbon capture and storage, or sequestration) by taking up human-generated CO2 and ensuring it does not add to the atmospheric overload; it therefore shares the CCS market which is projected at hundreds of billions of US dollars in time.
The company recently announced new funding of $530,000 to fund the development of the ERC technology, the next stage is optimization. The work will be conducted at Mantra's new lab facility in Richmond, BC, and will focus on construction, testing, and optimization of an advanced prototype.
“I was personally excited to see this technology funded and into the next phase of development” commented Investoideas.com owner Dawn Van Zant. “I met Professor Colin Oloman at the UBC Clean Energy Research Department in April 2007, on a tour I set up for an investment group researching investment opportunities in BC in the green space. Colin gave us an in-depth view of the benefits of ERC vs. Sequestration. He is a well respected source in the industry and has developed a promising technology well ahead of the curve. “
Mantra has also acquired an exclusive option to a new technology, signal smoothing, developed at the University of Toronto to control electrical power developed from variable sources (e.g. wind farms, tidal, geothermal, etc.) It converts raw power into “grid standard”. Signal smoothing is a substantial improvement on the existing equipment and has a large potential market.
About Mantra Venture Group Ltd. (OTCBB: MVTG-FSE: EDV 5MV)
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.
For a list of company projects: http://www.mantraenergy.com/projects/index.php
More info can be found on the Investorideas.com at the company showcase http://www.investorideas.com/CO/MVTG/ or at the company website http://www.mantraenergy.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: Mantra Venture is a featured showcase company (program#2) for $2000 month and 150,000 restricted shares over 12 months.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Investorideas.com
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
To contact Mantra
Terry Johnston
Phone: (604) 267-3022
Email: tjohnston@mantraenergy.com
Source: RenewableEnergyStocks.com, Mantra Venture Group Ltd
Carbon Capture Technology Recently Funded by Mantra Moves to Next Stage of Development
POINT ROBERTS, WA and DELTA, BC -June 19 , 2008 www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents featured showcase Mantra Venture Group Ltd. ( OTCBB: MVTG and FSE: 5MV), a public company that invests in and licenses a growing portfolio of green technologies. The company has licensed two key technologies developed at well respected University research departments.
The current portfolio of green technologies includes ERC (explained below), and “signal smoothing” which increases power efficiencies derived from wind, ocean & geothermal power. Mantra is interested in many other sustainable technologies and is investigating or negotiating some of these. An example is cellulosic ethanol: ethanol produced from wood and agricultural wastes (described below).
Mantra acquired the intellectual property for a process developed at the UBC Clean Energy Research Center (CERC) by Professor Colin Oloman (co-inventor with Dr. Hui Li) that converts carbon dioxide (CO2) into useful products. The process, ERC (electro-reduction of carbon dioxide), takes carbon dioxide and water, combined with electricity, to produce commodity chemicals which can also be used as fuel to power a specially designed fuel cell. Together, ERC and the fuel cell are a clean renewable source of power in which the CO2 can be continuously recycled. It functions like CCS (carbon capture and storage, or sequestration) by taking up human-generated CO2 and ensuring it does not add to the atmospheric overload; it therefore shares the CCS market which is projected at hundreds of billions of US dollars in time.
The company recently announced new funding of $530,000 to fund the development of the ERC technology, the next stage is optimization. The work will be conducted at Mantra's new lab facility in Richmond, BC, and will focus on construction, testing, and optimization of an advanced prototype.
“I was personally excited to see this technology funded and into the next phase of development” commented Investoideas.com owner Dawn Van Zant. “I met Professor Colin Oloman at the UBC Clean Energy Research Department in April 2007, on a tour I set up for an investment group researching investment opportunities in BC in the green space. Colin gave us an in-depth view of the benefits of ERC vs. Sequestration. He is a well respected source in the industry and has developed a promising technology well ahead of the curve. “
Mantra has also acquired an exclusive option to a new technology, signal smoothing, developed at the University of Toronto to control electrical power developed from variable sources (e.g. wind farms, tidal, geothermal, etc.) It converts raw power into “grid standard”. Signal smoothing is a substantial improvement on the existing equipment and has a large potential market.
About Mantra Venture Group Ltd. (OTCBB: MVTG-FSE: EDV 5MV)
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.
For a list of company projects: http://www.mantraenergy.com/projects/index.php
More info can be found on the Investorideas.com at the company showcase http://www.investorideas.com/CO/MVTG/ or at the company website http://www.mantraenergy.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: Mantra Venture is a featured showcase company (program#2) for $2000 month and 150,000 restricted shares over 12 months.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Investorideas.com
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
To contact Mantra
Terry Johnston
Phone: (604) 267-3022
Email: tjohnston@mantraenergy.com
Source: RenewableEnergyStocks.com, Mantra Venture Group Ltd
Wednesday, June 18, 2008
Mantra Venture Group Announces Creation of Mantra China Limited
Mantra Venture Group Announces Creation of Mantra China Limited
OTCBB: MVTG, FRANKFURT: 5MV
SEATTLE, WA, June 18, 2008 - Mantra Venture Group Ltd. (OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has established Mantra China Limited, a Hong Kong company, to develop and market Mantra's technologies and services throughout Asia. Mantra China is a joint venture between Mantra and two Hong Kong based partners, Green China Developments Limited and Gateview Group Limited. Mantra holds a 51% stake in the new venture.
"Mantra China will be the vehicle for the Mantra group of companies to establish a strong brand presence in Asia, identify new markets for our products, and build strategic alliances with technology developers, manufacturers and financiers", says Dan Funaro, member of Mantra's Corporate Advisory Board. Mr. Funaro goes on to say, "the new venture also aims to establish Mantra as a North American distributor of innovative green technologies developed and produced in Asia."
Mantra China is already in negotiations to acquire exclusive North American distribution rights to a line of solar power LED products produced in China. "There are an abundance of opportunities available here in North America to market and distribute these innovative products", says Larry Kristof, President and C.E.O. of Mantra, "we have identified many sectors such as government, business and individual consumers who will benefit tremendously from the use of these products, both in terms of cost-savings and also in terms of reducing their carbon footprint."
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
OTCBB: MVTG, FRANKFURT: 5MV
SEATTLE, WA, June 18, 2008 - Mantra Venture Group Ltd. (OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has established Mantra China Limited, a Hong Kong company, to develop and market Mantra's technologies and services throughout Asia. Mantra China is a joint venture between Mantra and two Hong Kong based partners, Green China Developments Limited and Gateview Group Limited. Mantra holds a 51% stake in the new venture.
"Mantra China will be the vehicle for the Mantra group of companies to establish a strong brand presence in Asia, identify new markets for our products, and build strategic alliances with technology developers, manufacturers and financiers", says Dan Funaro, member of Mantra's Corporate Advisory Board. Mr. Funaro goes on to say, "the new venture also aims to establish Mantra as a North American distributor of innovative green technologies developed and produced in Asia."
Mantra China is already in negotiations to acquire exclusive North American distribution rights to a line of solar power LED products produced in China. "There are an abundance of opportunities available here in North America to market and distribute these innovative products", says Larry Kristof, President and C.E.O. of Mantra, "we have identified many sectors such as government, business and individual consumers who will benefit tremendously from the use of these products, both in terms of cost-savings and also in terms of reducing their carbon footprint."
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
Tuesday, June 17, 2008
Al Yousuf Acquires 50 Percent Interest in ZAP Recharge-It-All Battery Line
Al Yousuf Acquires 50 Percent Interest in ZAP Recharge-It-All Battery Line
DUBAI, UNITED ARAB EMIRATES and SANTA ROSA, CA, Jun 17, 2008 - Mr. Eqbal Al Yousuf has purchased a 50 percent interest of the Recharge-It-All Battery line of battery systems for mobile electronics from alternative transportation pioneer ZAP (OTCBB: ZAAP) for US$1 Million ($1,000,000).
Mr. Al Yousuf made the $1 million purchase personally following his announcement last week of his intentions. Eqbal Al Yousuf is the President of The Al Yousuf Group and was recently appointed Chairman of ZAP's Board of Directors.
According to officials from ZAP and Al Yousuf, samples of ZAP's Recharge-It-All technology have been shipped to Dubai for testing.
ZAP's Recharge-It-All is a new rechargeable battery system for mobile electronics that can power or recharge low voltage handheld devices from mobile phones, to smart phones, digital audio players, cameras, PDAs, laptops and more. To order, visit http://www.zapworld.com.
RX4-C AA Universal Battery Charger from ZAP can power a variety of low-voltage consumer electronics through a built-in USB adapter, but you can also remove the four rechargeable AA batteries for use in other electronics. Learn more at http://www.zapworld.com.
The Al Yousuf Group is one of the largest trading groups in The Middle East. Subsidiary Al Yousuf Electronics, established in 1977, operates six sales offices with a staff strength of over 230 employees. In 2005, Al Yousuf Electronics opened the largest-ever LG Electronics Showroom in Dubai. The subsidiary markets a variety of consumer products, including air conditioners, refrigerators, washing machines, freezers, and water coolers. A Gallup poll of UAE consumers recognized Al Yousuf Electronics as 'No. 1 customer satisfaction and after sales services provider.'
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal , Middle East and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Al-Yousuf Group
Mansoor Ali
97150-4578130
mansoorali@alyousuf.com
Source: ZAP
DUBAI, UNITED ARAB EMIRATES and SANTA ROSA, CA, Jun 17, 2008 - Mr. Eqbal Al Yousuf has purchased a 50 percent interest of the Recharge-It-All Battery line of battery systems for mobile electronics from alternative transportation pioneer ZAP (OTCBB: ZAAP) for US$1 Million ($1,000,000).
Mr. Al Yousuf made the $1 million purchase personally following his announcement last week of his intentions. Eqbal Al Yousuf is the President of The Al Yousuf Group and was recently appointed Chairman of ZAP's Board of Directors.
According to officials from ZAP and Al Yousuf, samples of ZAP's Recharge-It-All technology have been shipped to Dubai for testing.
ZAP's Recharge-It-All is a new rechargeable battery system for mobile electronics that can power or recharge low voltage handheld devices from mobile phones, to smart phones, digital audio players, cameras, PDAs, laptops and more. To order, visit http://www.zapworld.com.
RX4-C AA Universal Battery Charger from ZAP can power a variety of low-voltage consumer electronics through a built-in USB adapter, but you can also remove the four rechargeable AA batteries for use in other electronics. Learn more at http://www.zapworld.com.
The Al Yousuf Group is one of the largest trading groups in The Middle East. Subsidiary Al Yousuf Electronics, established in 1977, operates six sales offices with a staff strength of over 230 employees. In 2005, Al Yousuf Electronics opened the largest-ever LG Electronics Showroom in Dubai. The subsidiary markets a variety of consumer products, including air conditioners, refrigerators, washing machines, freezers, and water coolers. A Gallup poll of UAE consumers recognized Al Yousuf Electronics as 'No. 1 customer satisfaction and after sales services provider.'
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal , Middle East and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Al-Yousuf Group
Mansoor Ali
97150-4578130
mansoorali@alyousuf.com
Source: ZAP
Monday, June 16, 2008
EDF Energies Nouvelles Signs an Agreement to Deliver a 100.5 MW Wind Farm in the United States During 2008
EDF Energies Nouvelles Signs an Agreement to Deliver a 100.5 MW Wind Farm in the United States During 2008
PARIS--
June 16 2008
Regulatory News:
EDF Energies Nouvelles (Paris:EEN) announces the signature of an agreement with MidAmerican Energy to build the Walnut wind farm in Iowa. This 100.5 MW project is due to be delivered in late 2008.
The agreement between enXco, EDF Energies Nouvelles’ US subsidiary, and MidAmerican Energy, one of the principal utilities in North America, covers the construction of a wind farm of 67 GE turbines, each with a capacity of 1.5 MW.
Following on from the 99 MW Crane Creek wind farm, which will be developed and built on behalf of Wisconsin Public Service Corporation, the Walnut project is the second contract signed in 2008 by enXco to build a wind farm for a third party.
About EDF Energies Nouvelles
Founded in 1990, EDF Energies Nouvelles is a world-class player in the green electricity generation market, with gross installed capacity of 1,443 MW worldwide at 31 December 2007, plus 1,100 MW in gross capacity under construction. With a presence in nine European countries and in the United States, EDF Energies Nouvelles operates in four renewable energy segments (wind, solar, biomass and hydro). Wind energy currently accounts for more than 80% of its installed capacity. With its unique profile as an integrated operator, EDF Energies Nouvelles, which posted 2007 revenues of €560 million has a presence spanning the entire value chain, from development and construction through to production and operations & maintenance. The Group also pursues the development and sale of structured assets, which consists primarily in selling renewable energy generating assets to individuals or to energy services companies.
EDF Energies Nouvelles is a 50%-owned subsidiary of the EDF group.
Since 28 November 2006, EDF Energies Nouvelles has been listed in Compartment A of Eurolist by Euronext Paris (code: EEN, ISIN code: FR0010400143). www.edf-energies-nouvelles.com
Contacts CONTACTS EDF ENPress relationsAurélia de LapeyrouseBrunswick+33 1 53 96 83 72orMarilys DubernetCorporate Communications Director+33 1 40 90 23 70presse@edf-en.comorInvestor relationsDorothée Hontebeyrie+33 1 40 90 20 50dorothée.hontebeyrie@edf-en.comorDelphine Deshayes+33 1 40 90 21 45delphine.deshayes@edf-en.com
PARIS--
June 16 2008
Regulatory News:
EDF Energies Nouvelles (Paris:EEN) announces the signature of an agreement with MidAmerican Energy to build the Walnut wind farm in Iowa. This 100.5 MW project is due to be delivered in late 2008.
The agreement between enXco, EDF Energies Nouvelles’ US subsidiary, and MidAmerican Energy, one of the principal utilities in North America, covers the construction of a wind farm of 67 GE turbines, each with a capacity of 1.5 MW.
Following on from the 99 MW Crane Creek wind farm, which will be developed and built on behalf of Wisconsin Public Service Corporation, the Walnut project is the second contract signed in 2008 by enXco to build a wind farm for a third party.
About EDF Energies Nouvelles
Founded in 1990, EDF Energies Nouvelles is a world-class player in the green electricity generation market, with gross installed capacity of 1,443 MW worldwide at 31 December 2007, plus 1,100 MW in gross capacity under construction. With a presence in nine European countries and in the United States, EDF Energies Nouvelles operates in four renewable energy segments (wind, solar, biomass and hydro). Wind energy currently accounts for more than 80% of its installed capacity. With its unique profile as an integrated operator, EDF Energies Nouvelles, which posted 2007 revenues of €560 million has a presence spanning the entire value chain, from development and construction through to production and operations & maintenance. The Group also pursues the development and sale of structured assets, which consists primarily in selling renewable energy generating assets to individuals or to energy services companies.
EDF Energies Nouvelles is a 50%-owned subsidiary of the EDF group.
Since 28 November 2006, EDF Energies Nouvelles has been listed in Compartment A of Eurolist by Euronext Paris (code: EEN, ISIN code: FR0010400143). www.edf-energies-nouvelles.com
Contacts CONTACTS EDF ENPress relationsAurélia de LapeyrouseBrunswick+33 1 53 96 83 72orMarilys DubernetCorporate Communications Director+33 1 40 90 23 70presse@edf-en.comorInvestor relationsDorothée Hontebeyrie+33 1 40 90 20 50dorothée.hontebeyrie@edf-en.comorDelphine Deshayes+33 1 40 90 21 45delphine.deshayes@edf-en.com
XsunX to Utilize Germane Manufactured by Voltaix to Improve Tandem Solar Cell Efficiency
XsunX to Utilize Germane Manufactured by Voltaix to Improve Tandem Solar Cell Efficiency
ALISO VIEJO, Calif., June 16, 2008 - XsunX, Inc. (OTCBB: XSNX), a solar technology company, announced today that it has secured supply of Germane gas required for its thin film deposition process for the manufacture of solar panels. The Germane, manufactured by Voltaix, LLC, is a key material for production of high efficiency tandem solar cells. XsunX is refurbishing an existing 90,000 sq. ft. building, located in Wood Village, near Portland, Oregon, to house its new multi-megawatt integrated TFPV manufacturing operations.
"The use of Germane allows XsunX to improve the efficiencies of our tandem solar cell design and we are very pleased to be working with Voltaix, a recognized leader in the production of Germane gases," stated Mr. Tom Djokovich, CEO for XsunX. As with the balance of our preferred vendors for various components and materials necessary for our TFPV manufacturing system we've found Voltaix's experience and knowledge very helpful as we progress with the build-out of our thin film photovoltaic solar manufacturing facility," concluded Djokovich.
Voltaix, founded in 1986, is a leading manufacturer of chemicals for the solar and semiconductor industries. Germane gas is a key material for the fabrication of solar cells and semiconductor devices. Voltaix, an ISO certified organization, works with industry leaders to develop materials that enable manufacture of high quality and high efficiency products.
"Voltaix is looking forward to continuing our technical collaborations with XsunX," noted Mike Pikulin, Sr. Vice President of Voltaix. "With more than 20 years of Germane manufacturing experience, we are pleased that our technical insights will contribute to the successful production of improved efficiency solar cells."
For more information about XsunX, please visit www.XsunX.com.
Contact:
For XsunX, Inc. Investor Relations Tel: (888) 797-4527
About Voltaix, LLC.
Voltaix is recognized worldwide for manufacturing high purity specialty gases and chemicals that enhance the performance of solar cells and computer chips. Its products include germane, silicon tetrafluoride, trimethylsilane, and trimethyl boron. Voltaix deploys proprietary manufacturing technologies to provide highly consistent products tailored to increase manufacturing yields, throughput, and device performance.
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of XsunX, Inc. and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting XsunX, Inc. and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by XsunX, Inc.
XsunX, Inc. is a featured Company on RenewableEnergyStocks.com
For full details, click here: http://www.renewableenergystocks.com/CO/XSNX/Default.asp
Source: XsunX, Inc.
ALISO VIEJO, Calif., June 16, 2008 - XsunX, Inc. (OTCBB: XSNX), a solar technology company, announced today that it has secured supply of Germane gas required for its thin film deposition process for the manufacture of solar panels. The Germane, manufactured by Voltaix, LLC, is a key material for production of high efficiency tandem solar cells. XsunX is refurbishing an existing 90,000 sq. ft. building, located in Wood Village, near Portland, Oregon, to house its new multi-megawatt integrated TFPV manufacturing operations.
"The use of Germane allows XsunX to improve the efficiencies of our tandem solar cell design and we are very pleased to be working with Voltaix, a recognized leader in the production of Germane gases," stated Mr. Tom Djokovich, CEO for XsunX. As with the balance of our preferred vendors for various components and materials necessary for our TFPV manufacturing system we've found Voltaix's experience and knowledge very helpful as we progress with the build-out of our thin film photovoltaic solar manufacturing facility," concluded Djokovich.
Voltaix, founded in 1986, is a leading manufacturer of chemicals for the solar and semiconductor industries. Germane gas is a key material for the fabrication of solar cells and semiconductor devices. Voltaix, an ISO certified organization, works with industry leaders to develop materials that enable manufacture of high quality and high efficiency products.
"Voltaix is looking forward to continuing our technical collaborations with XsunX," noted Mike Pikulin, Sr. Vice President of Voltaix. "With more than 20 years of Germane manufacturing experience, we are pleased that our technical insights will contribute to the successful production of improved efficiency solar cells."
For more information about XsunX, please visit www.XsunX.com.
Contact:
For XsunX, Inc. Investor Relations Tel: (888) 797-4527
About Voltaix, LLC.
Voltaix is recognized worldwide for manufacturing high purity specialty gases and chemicals that enhance the performance of solar cells and computer chips. Its products include germane, silicon tetrafluoride, trimethylsilane, and trimethyl boron. Voltaix deploys proprietary manufacturing technologies to provide highly consistent products tailored to increase manufacturing yields, throughput, and device performance.
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of XsunX, Inc. and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting XsunX, Inc. and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by XsunX, Inc.
XsunX, Inc. is a featured Company on RenewableEnergyStocks.com
For full details, click here: http://www.renewableenergystocks.com/CO/XSNX/Default.asp
Source: XsunX, Inc.
Thursday, June 12, 2008
DOE Signs Agreement with Wind Energy Industry Leaders, Aims at 20% Electrical Generation
DOE Signs Agreement with Wind Energy Industry Leaders, Aims at 20% Electrical Generation
by 2030June 02, 2008
HOUSTON, TX. — On June 2, the U.S. Department of Energy's (DOE) Assistant Secretary of Energy Efficiency and Renewable Energy, Alexander Karsner, announced a Memorandum of Understanding (MOU) between DOE and six leading wind industry turbine manufacturers: GE Energy, Siemens Power Generation, Vestas Wind Systems, Clipper Turbine Works, Suzlon Energy, and Gamesa Corporation. This two year collaboration aims to promote wind energy in the United States through advanced technology research and development and siting strategies to advance industrial wind power manufacturing capabilities.
"The MOU between DOE and the six major turbine manufacturers demonstrates the shared commitment of the federal government and the private sector to create the roadmap necessary to achieve 20% wind energy by 2030," Assistant Secretary Karsner said. "To dramatically reduce greenhouse gas emissions and enhance our energy security, clean power generation at the gigawatt-scale will be necessary to expand the domestic wind manufacturing base and streamline the permitting process."
As part of President Bush's 2006 Advanced Energy Initiative, wind energy has the potential to play an important role in our nation's long-term energy strategy. Investments in wind energy will fundamentally change the way U.S. homes and businesses are powered, in an environmentally friendly manner.
The agreement builds on a recently released DOE report, 20% Wind Energy in 2030: Increasing Wind Energy's Contribution to U.S. Electricity Supply. This report examines the technical feasibility of harnessing wind power to provide up to 20% of the nation's total electricity needs by 2030. Most notably, the report finds that by using wind power to meet 20% of our nation's electricity needs, we can eliminate 7.6 cumulative gigatons of CO2 by 2030, then 825 million metric tons in 2030 and every year thereafter.
In 2007, U.S. cumulative wind energy capacity reached 16,818 megawatts (MW)—with more than 5,000 MW of wind installed in 2007. Wind contributed to more than 30% of the new U.S. electricity generation capacity in 2007, making it the second largest source of new power generation in the nation, surpassed only by natural gas. The U.S. wind energy industry invested approximately $9 billion in new generating capacity in 2007, and has experienced a 30% annual growth rate in the last five years.
To learn more, visit the Wind and Hydropower Technologies Program page.
by 2030June 02, 2008
HOUSTON, TX. — On June 2, the U.S. Department of Energy's (DOE) Assistant Secretary of Energy Efficiency and Renewable Energy, Alexander Karsner, announced a Memorandum of Understanding (MOU) between DOE and six leading wind industry turbine manufacturers: GE Energy, Siemens Power Generation, Vestas Wind Systems, Clipper Turbine Works, Suzlon Energy, and Gamesa Corporation. This two year collaboration aims to promote wind energy in the United States through advanced technology research and development and siting strategies to advance industrial wind power manufacturing capabilities.
"The MOU between DOE and the six major turbine manufacturers demonstrates the shared commitment of the federal government and the private sector to create the roadmap necessary to achieve 20% wind energy by 2030," Assistant Secretary Karsner said. "To dramatically reduce greenhouse gas emissions and enhance our energy security, clean power generation at the gigawatt-scale will be necessary to expand the domestic wind manufacturing base and streamline the permitting process."
As part of President Bush's 2006 Advanced Energy Initiative, wind energy has the potential to play an important role in our nation's long-term energy strategy. Investments in wind energy will fundamentally change the way U.S. homes and businesses are powered, in an environmentally friendly manner.
The agreement builds on a recently released DOE report, 20% Wind Energy in 2030: Increasing Wind Energy's Contribution to U.S. Electricity Supply. This report examines the technical feasibility of harnessing wind power to provide up to 20% of the nation's total electricity needs by 2030. Most notably, the report finds that by using wind power to meet 20% of our nation's electricity needs, we can eliminate 7.6 cumulative gigatons of CO2 by 2030, then 825 million metric tons in 2030 and every year thereafter.
In 2007, U.S. cumulative wind energy capacity reached 16,818 megawatts (MW)—with more than 5,000 MW of wind installed in 2007. Wind contributed to more than 30% of the new U.S. electricity generation capacity in 2007, making it the second largest source of new power generation in the nation, surpassed only by natural gas. The U.S. wind energy industry invested approximately $9 billion in new generating capacity in 2007, and has experienced a 30% annual growth rate in the last five years.
To learn more, visit the Wind and Hydropower Technologies Program page.
Tuesday, June 10, 2008
Leading Motorcycle Insurer Brings Eco-Friendly Vehicles along for the Ride
Leading Motorcycle Insurer Brings Eco-Friendly Vehicles along for the Ride
Progressive (NYSE:PGR) Now Insures Three-Wheeled “Alternative Vehicles”
MAYFIELD VILLAGE, Ohio--As gas prices rise above $4 a gallon, drivers are seeking more fuel-efficient ways to get around town. Some people are buying hybrids, some are opting for bicycles. Others are choosing a unique transportation option – alternative vehicles – and Progressive now offers coverage that will keep these motorists safe on the road.
Approved for on-road use, these three-wheeled compact vehicles range from high-performance machines like the sports car/motorcycle T-Rex to energy-efficient, electric transporters like the ZAP (OTCBB:ZAAP) Xebra. Recognized as motorcycles in most states, Progressive will insure them with its motorcycle products.
“With more transportation options on the market than ever before, we want to give consumers all the tools they need to be protected,” said Rick Stern, motorcycle product manager for Progressive. “We offer specialized coverages that allow alternative-vehicle owners to build the insurance package that best fits their needs, whether they’re commuting or just out for a Sunday ride.”
Progressive’s alternative vehicle insurance is currently available in Illinois and Mississippi. It will continue to roll out in 18 more states by the end of 2008, pending regulatory approval.
For more information, visit http://motorcycle.progressive.com/.
About Progressive
The Progressive Group of Insurance Companies, in business since 1937, is the country’s third largest auto insurance group and largest seller of motorcycle and personal watercraft policies based on premiums written, and is a market leader in commercial auto insurance.
Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and products that meet drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class, 24-hour claims service, including its concierge level of claims service available at service centers located in major metropolitan areas throughout the United States.
Progressive companies offer consumers choices in how to shop for, buy and manage their auto insurance policies. Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30,000 independent insurance agencies throughout the U.S. and online and by phone directly from the Company. Private passenger auto products and prices are different when purchased directly from Progressive or through independent agencies. To find an agent or to get a quote, go to www.progressive.com.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at (NYSE:PGR).
Contacts Progressive PRSusan Gallik, 440-395-1788
Progressive (NYSE:PGR) Now Insures Three-Wheeled “Alternative Vehicles”
MAYFIELD VILLAGE, Ohio--As gas prices rise above $4 a gallon, drivers are seeking more fuel-efficient ways to get around town. Some people are buying hybrids, some are opting for bicycles. Others are choosing a unique transportation option – alternative vehicles – and Progressive now offers coverage that will keep these motorists safe on the road.
Approved for on-road use, these three-wheeled compact vehicles range from high-performance machines like the sports car/motorcycle T-Rex to energy-efficient, electric transporters like the ZAP (OTCBB:ZAAP) Xebra. Recognized as motorcycles in most states, Progressive will insure them with its motorcycle products.
“With more transportation options on the market than ever before, we want to give consumers all the tools they need to be protected,” said Rick Stern, motorcycle product manager for Progressive. “We offer specialized coverages that allow alternative-vehicle owners to build the insurance package that best fits their needs, whether they’re commuting or just out for a Sunday ride.”
Progressive’s alternative vehicle insurance is currently available in Illinois and Mississippi. It will continue to roll out in 18 more states by the end of 2008, pending regulatory approval.
For more information, visit http://motorcycle.progressive.com/.
About Progressive
The Progressive Group of Insurance Companies, in business since 1937, is the country’s third largest auto insurance group and largest seller of motorcycle and personal watercraft policies based on premiums written, and is a market leader in commercial auto insurance.
Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and products that meet drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class, 24-hour claims service, including its concierge level of claims service available at service centers located in major metropolitan areas throughout the United States.
Progressive companies offer consumers choices in how to shop for, buy and manage their auto insurance policies. Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30,000 independent insurance agencies throughout the U.S. and online and by phone directly from the Company. Private passenger auto products and prices are different when purchased directly from Progressive or through independent agencies. To find an agent or to get a quote, go to www.progressive.com.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at (NYSE:PGR).
Contacts Progressive PRSusan Gallik, 440-395-1788
Sunday, June 08, 2008
GreenHunter Energy Announces Board of Director and Management Changes
GreenHunter Energy Announces Board of Director and Management Changes
GRAPEVINE, Texas, June 6 -- GreenHunter Energy,Inc. (Amex: GRH) announced today certain changes among senior management aswell as the appointment of a Lead Director to the Board. Additionally,Michael K. Studer has resigned from the Company's Board of Directors. Asummary of changes effective today is as follows:
Lead Director, GreenHunter Energy Board of Directors: Stuart W. Ray
Stuart W. Ray has been a board member of GreenHunter Energy sinceDecember, 2007. Mr. Ray is an executive with broad experience in thefinancial services and energy industry having previously been a partner andmanaging director of BT Wolfensohn, the mergers and acquisitions arm ofBankers Trust, and Wolfensohn and Company which Bankers Trust acquired in1996. He currently is a partner in Sonenshine Partners LLC, a boutiqueinvestment banking firm in New York City. He is also a partner in UrbanAmerican Partners LLC, which identifies, acquires and operates portfoliosof working class housing in metropolitan areas. Mr. Ray helped found thiscompany in 1998. Mr. Ray is also a director of SandRidge Energy, Inc. anenergy company based in Oklahoma City, Oklahoma traded on the New YorkStock Exchange.
President, GreenHunter BioPower: Stephen A. Wiley
Stephen Wiley has served as the Senior Vice President for GreenHunterWind Energy, a wholly-owned subsidiary of GreenHunter Energy, Inc., sinceSeptember, 2007.
Mr. Wiley has been involved in the independent power generationbusiness for the past 18 years in various managerial positions indevelopment, mergers and acquisitions, finance, asset management, andinvestor relations. Prior to joining GreenHunter Energy, Mr. Wiley servedas the director of development for Gamesa Energy, one of the world'sleaders in wind energy technology and development. In this role Mr. Wileywas responsible for development in the central and western part of the U.S.Under his guidance, Gamesa developed the largest wind energy project in itsinternational portfolio.
Senior Vice President of Engineering & Technology, GreenHunterBioFuels: Bruce Baughman
Bruce A. Baughman has served as GreenHunter BioFuels, Inc.'s VicePresident of Engineering and Technology since February 2007. He has servedas the General Manager of the Company's biofuels project in Houston whereGreenHunter has created the nation's first renewable fuels campus whichincludes the country's largest biodiesel refinery with a capacity of 105million gallons per year, a 21 million gallon per year methanoldistillation business unit, the nation's largest glycerin distillationplant at 200 million pounds per year, a 700,000 barrel bulkstorage/terminal facility and a 7.2 MW merchant-power cogeneration plant(biodiesel fired).
Mr. Baughman has previously served in various roles of increasingresponsibility in the oilseed processing, food/specialty chemicalprocessing, power generation and biofuels manufacturing sectors over thelast 28 years.
Vice President of Special Projects, GreenHunter BioFuels: MichaelO'Leary
Michael O'Leary has been hired to work predominately on specialinternational projects for the Company. He brings thirty years of powerindustry experience, plant operation and industrial process optimizationexperience to GreenHunter Energy. As an energy and industrial processconsultant, Mr. O'Leary's tasks included managing changing operationaleconomies, plant shutdown and preservation, as well as facilityre-activations and technology upgrades. He has extensive hands-onmanagement, operations and maintenance experience with multiple technologypower generation facility types. In addition to providing technicalsupport, Mr. O'Leary has been active in leading business development andproject financing efforts.
Special Advisor to the Chairman of the Board: Kevin D. Kuykendall
Kevin D. Kuykendall was one of the original founders of White Energy,the largest private ethanol production company in the United States. Heserved as the company's President and Chief Executive Officer from January2005 through May 2008. Mr. Kuykendall brings strong financial andoperational leadership and proven experience in developing and executinggrowth strategies in the alternative energy space.
Mr. Kuykendall's success in building premier management teams andsuccessful entrepreneurial ventures is significant. Mr. Kuykendall wasinstrumental in raising over $475 million in equity and debt and buildingWhite Energy into the fourth largest ethanol producer in the US with over260 million gallons of production per year.
Mr. Kuykendall has been retained as Special Advisor to the Chairman ina consulting capacity where he will concentrate predominately oninternational opportunities in the biofuels arena.
Effective June 30, 2008, Michael K. Studer will resign as President andChief Operating Officer but will remain as Special Advisor to the Chairmanin a consulting capacity. Gary C. Evans will also assume the title ofPresident at that time.
In response to his decision to resign as an executive officer anddirector of the Company, Michael K. Studer said, "Today we are making thenecessary changes required to position GreenHunter Energy in a manner toleverage our renewable fuels campus concept. We are committed to investingin the areas around the world necessary to achieve vertical integrationinto non-food based feedstocks that will allow us to capture the greatestmargins possible. We also aim to build the distribution assets necessary tocreate long-term value."
Commenting on the changes to the Board of Directors and management teamannounced today, Chairman and Chief Executive Officer Gary C. Evans stated,"These Board and management changes reflect the requirements we believe arenecessary in order to achieve the future growth plans we have establishedas a group for this Company. As any new enterprise begins to mature fromthe embryonic and development stage to an operational phase, specificmanagement skill requirements also change. It is incumbent on our Board ofDirectors and executive management team to anticipate these events andbegin the proper transition required. Our ultimate goal is to maximize thereturns on our capital employed. The many changes announced today reflectthe decisions to promote from within, hire new personnel, and realign ourteam in a manner that creates the greatest opportunities for success atGreenHunter Energy, Inc."
GreenHunter Energy is focused on the renewable energy sectors of wind,hydro, geothermal, solar, biofuels, and biomass power plants. Our assetsconsist of leases of real property for future development of wind energyprojects located in Montana, New Mexico, California, Texas, and China, aformer waste oil and chemical refinery that has been converted into thenation's largest biodiesel refinery and nation's largest glycerin refinerylocated in Houston, Texas, and a biomass power plant located in El Centro,California. Headquartered in Grapevine, Texas, GreenHunter Energy wasformed to be the first publicly traded renewable energy company based inthe U.S. that provides to investors a portfolio of diversified assets inthe alternative energy sector. Additional information about GreenHunterEnergy may be found at http://www.greenhunterenergy.com.
GRAPEVINE, Texas, June 6 -- GreenHunter Energy,Inc. (Amex: GRH) announced today certain changes among senior management aswell as the appointment of a Lead Director to the Board. Additionally,Michael K. Studer has resigned from the Company's Board of Directors. Asummary of changes effective today is as follows:
Lead Director, GreenHunter Energy Board of Directors: Stuart W. Ray
Stuart W. Ray has been a board member of GreenHunter Energy sinceDecember, 2007. Mr. Ray is an executive with broad experience in thefinancial services and energy industry having previously been a partner andmanaging director of BT Wolfensohn, the mergers and acquisitions arm ofBankers Trust, and Wolfensohn and Company which Bankers Trust acquired in1996. He currently is a partner in Sonenshine Partners LLC, a boutiqueinvestment banking firm in New York City. He is also a partner in UrbanAmerican Partners LLC, which identifies, acquires and operates portfoliosof working class housing in metropolitan areas. Mr. Ray helped found thiscompany in 1998. Mr. Ray is also a director of SandRidge Energy, Inc. anenergy company based in Oklahoma City, Oklahoma traded on the New YorkStock Exchange.
President, GreenHunter BioPower: Stephen A. Wiley
Stephen Wiley has served as the Senior Vice President for GreenHunterWind Energy, a wholly-owned subsidiary of GreenHunter Energy, Inc., sinceSeptember, 2007.
Mr. Wiley has been involved in the independent power generationbusiness for the past 18 years in various managerial positions indevelopment, mergers and acquisitions, finance, asset management, andinvestor relations. Prior to joining GreenHunter Energy, Mr. Wiley servedas the director of development for Gamesa Energy, one of the world'sleaders in wind energy technology and development. In this role Mr. Wileywas responsible for development in the central and western part of the U.S.Under his guidance, Gamesa developed the largest wind energy project in itsinternational portfolio.
Senior Vice President of Engineering & Technology, GreenHunterBioFuels: Bruce Baughman
Bruce A. Baughman has served as GreenHunter BioFuels, Inc.'s VicePresident of Engineering and Technology since February 2007. He has servedas the General Manager of the Company's biofuels project in Houston whereGreenHunter has created the nation's first renewable fuels campus whichincludes the country's largest biodiesel refinery with a capacity of 105million gallons per year, a 21 million gallon per year methanoldistillation business unit, the nation's largest glycerin distillationplant at 200 million pounds per year, a 700,000 barrel bulkstorage/terminal facility and a 7.2 MW merchant-power cogeneration plant(biodiesel fired).
Mr. Baughman has previously served in various roles of increasingresponsibility in the oilseed processing, food/specialty chemicalprocessing, power generation and biofuels manufacturing sectors over thelast 28 years.
Vice President of Special Projects, GreenHunter BioFuels: MichaelO'Leary
Michael O'Leary has been hired to work predominately on specialinternational projects for the Company. He brings thirty years of powerindustry experience, plant operation and industrial process optimizationexperience to GreenHunter Energy. As an energy and industrial processconsultant, Mr. O'Leary's tasks included managing changing operationaleconomies, plant shutdown and preservation, as well as facilityre-activations and technology upgrades. He has extensive hands-onmanagement, operations and maintenance experience with multiple technologypower generation facility types. In addition to providing technicalsupport, Mr. O'Leary has been active in leading business development andproject financing efforts.
Special Advisor to the Chairman of the Board: Kevin D. Kuykendall
Kevin D. Kuykendall was one of the original founders of White Energy,the largest private ethanol production company in the United States. Heserved as the company's President and Chief Executive Officer from January2005 through May 2008. Mr. Kuykendall brings strong financial andoperational leadership and proven experience in developing and executinggrowth strategies in the alternative energy space.
Mr. Kuykendall's success in building premier management teams andsuccessful entrepreneurial ventures is significant. Mr. Kuykendall wasinstrumental in raising over $475 million in equity and debt and buildingWhite Energy into the fourth largest ethanol producer in the US with over260 million gallons of production per year.
Mr. Kuykendall has been retained as Special Advisor to the Chairman ina consulting capacity where he will concentrate predominately oninternational opportunities in the biofuels arena.
Effective June 30, 2008, Michael K. Studer will resign as President andChief Operating Officer but will remain as Special Advisor to the Chairmanin a consulting capacity. Gary C. Evans will also assume the title ofPresident at that time.
In response to his decision to resign as an executive officer anddirector of the Company, Michael K. Studer said, "Today we are making thenecessary changes required to position GreenHunter Energy in a manner toleverage our renewable fuels campus concept. We are committed to investingin the areas around the world necessary to achieve vertical integrationinto non-food based feedstocks that will allow us to capture the greatestmargins possible. We also aim to build the distribution assets necessary tocreate long-term value."
Commenting on the changes to the Board of Directors and management teamannounced today, Chairman and Chief Executive Officer Gary C. Evans stated,"These Board and management changes reflect the requirements we believe arenecessary in order to achieve the future growth plans we have establishedas a group for this Company. As any new enterprise begins to mature fromthe embryonic and development stage to an operational phase, specificmanagement skill requirements also change. It is incumbent on our Board ofDirectors and executive management team to anticipate these events andbegin the proper transition required. Our ultimate goal is to maximize thereturns on our capital employed. The many changes announced today reflectthe decisions to promote from within, hire new personnel, and realign ourteam in a manner that creates the greatest opportunities for success atGreenHunter Energy, Inc."
GreenHunter Energy is focused on the renewable energy sectors of wind,hydro, geothermal, solar, biofuels, and biomass power plants. Our assetsconsist of leases of real property for future development of wind energyprojects located in Montana, New Mexico, California, Texas, and China, aformer waste oil and chemical refinery that has been converted into thenation's largest biodiesel refinery and nation's largest glycerin refinerylocated in Houston, Texas, and a biomass power plant located in El Centro,California. Headquartered in Grapevine, Texas, GreenHunter Energy wasformed to be the first publicly traded renewable energy company based inthe U.S. that provides to investors a portfolio of diversified assets inthe alternative energy sector. Additional information about GreenHunterEnergy may be found at http://www.greenhunterenergy.com.
GreenHunter Energy Announces Board of Director and Management Changes
GreenHunter Energy Announces Board of Director and Management Changes
GRAPEVINE, Texas, June 6 -- GreenHunter Energy,Inc. (Amex: GRH) announced today certain changes among senior management aswell as the appointment of a Lead Director to the Board. Additionally,Michael K. Studer has resigned from the Company's Board of Directors. Asummary of changes effective today is as follows:
Lead Director, GreenHunter Energy Board of Directors: Stuart W. Ray
Stuart W. Ray has been a board member of GreenHunter Energy sinceDecember, 2007. Mr. Ray is an executive with broad experience in thefinancial services and energy industry having previously been a partner andmanaging director of BT Wolfensohn, the mergers and acquisitions arm ofBankers Trust, and Wolfensohn and Company which Bankers Trust acquired in1996. He currently is a partner in Sonenshine Partners LLC, a boutiqueinvestment banking firm in New York City. He is also a partner in UrbanAmerican Partners LLC, which identifies, acquires and operates portfoliosof working class housing in metropolitan areas. Mr. Ray helped found thiscompany in 1998. Mr. Ray is also a director of SandRidge Energy, Inc. anenergy company based in Oklahoma City, Oklahoma traded on the New YorkStock Exchange.
President, GreenHunter BioPower: Stephen A. Wiley
Stephen Wiley has served as the Senior Vice President for GreenHunterWind Energy, a wholly-owned subsidiary of GreenHunter Energy, Inc., sinceSeptember, 2007.
Mr. Wiley has been involved in the independent power generationbusiness for the past 18 years in various managerial positions indevelopment, mergers and acquisitions, finance, asset management, andinvestor relations. Prior to joining GreenHunter Energy, Mr. Wiley servedas the director of development for Gamesa Energy, one of the world'sleaders in wind energy technology and development. In this role Mr. Wileywas responsible for development in the central and western part of the U.S.Under his guidance, Gamesa developed the largest wind energy project in itsinternational portfolio.
Senior Vice President of Engineering & Technology, GreenHunterBioFuels: Bruce Baughman
Bruce A. Baughman has served as GreenHunter BioFuels, Inc.'s VicePresident of Engineering and Technology since February 2007. He has servedas the General Manager of the Company's biofuels project in Houston whereGreenHunter has created the nation's first renewable fuels campus whichincludes the country's largest biodiesel refinery with a capacity of 105million gallons per year, a 21 million gallon per year methanoldistillation business unit, the nation's largest glycerin distillationplant at 200 million pounds per year, a 700,000 barrel bulkstorage/terminal facility and a 7.2 MW merchant-power cogeneration plant(biodiesel fired).
Mr. Baughman has previously served in various roles of increasingresponsibility in the oilseed processing, food/specialty chemicalprocessing, power generation and biofuels manufacturing sectors over thelast 28 years.
Vice President of Special Projects, GreenHunter BioFuels: MichaelO'Leary
Michael O'Leary has been hired to work predominately on specialinternational projects for the Company. He brings thirty years of powerindustry experience, plant operation and industrial process optimizationexperience to GreenHunter Energy. As an energy and industrial processconsultant, Mr. O'Leary's tasks included managing changing operationaleconomies, plant shutdown and preservation, as well as facilityre-activations and technology upgrades. He has extensive hands-onmanagement, operations and maintenance experience with multiple technologypower generation facility types. In addition to providing technicalsupport, Mr. O'Leary has been active in leading business development andproject financing efforts.
Special Advisor to the Chairman of the Board: Kevin D. Kuykendall
Kevin D. Kuykendall was one of the original founders of White Energy,the largest private ethanol production company in the United States. Heserved as the company's President and Chief Executive Officer from January2005 through May 2008. Mr. Kuykendall brings strong financial andoperational leadership and proven experience in developing and executinggrowth strategies in the alternative energy space.
Mr. Kuykendall's success in building premier management teams andsuccessful entrepreneurial ventures is significant. Mr. Kuykendall wasinstrumental in raising over $475 million in equity and debt and buildingWhite Energy into the fourth largest ethanol producer in the US with over260 million gallons of production per year.
Mr. Kuykendall has been retained as Special Advisor to the Chairman ina consulting capacity where he will concentrate predominately oninternational opportunities in the biofuels arena.
Effective June 30, 2008, Michael K. Studer will resign as President andChief Operating Officer but will remain as Special Advisor to the Chairmanin a consulting capacity. Gary C. Evans will also assume the title ofPresident at that time.
In response to his decision to resign as an executive officer anddirector of the Company, Michael K. Studer said, "Today we are making thenecessary changes required to position GreenHunter Energy in a manner toleverage our renewable fuels campus concept. We are committed to investingin the areas around the world necessary to achieve vertical integrationinto non-food based feedstocks that will allow us to capture the greatestmargins possible. We also aim to build the distribution assets necessary tocreate long-term value."
Commenting on the changes to the Board of Directors and management teamannounced today, Chairman and Chief Executive Officer Gary C. Evans stated,"These Board and management changes reflect the requirements we believe arenecessary in order to achieve the future growth plans we have establishedas a group for this Company. As any new enterprise begins to mature fromthe embryonic and development stage to an operational phase, specificmanagement skill requirements also change. It is incumbent on our Board ofDirectors and executive management team to anticipate these events andbegin the proper transition required. Our ultimate goal is to maximize thereturns on our capital employed. The many changes announced today reflectthe decisions to promote from within, hire new personnel, and realign ourteam in a manner that creates the greatest opportunities for success atGreenHunter Energy, Inc."
GreenHunter Energy is focused on the renewable energy sectors of wind,hydro, geothermal, solar, biofuels, and biomass power plants. Our assetsconsist of leases of real property for future development of wind energyprojects located in Montana, New Mexico, California, Texas, and China, aformer waste oil and chemical refinery that has been converted into thenation's largest biodiesel refinery and nation's largest glycerin refinerylocated in Houston, Texas, and a biomass power plant located in El Centro,California. Headquartered in Grapevine, Texas, GreenHunter Energy wasformed to be the first publicly traded renewable energy company based inthe U.S. that provides to investors a portfolio of diversified assets inthe alternative energy sector. Additional information about GreenHunterEnergy may be found at http://www.greenhunterenergy.com.
GRAPEVINE, Texas, June 6 -- GreenHunter Energy,Inc. (Amex: GRH) announced today certain changes among senior management aswell as the appointment of a Lead Director to the Board. Additionally,Michael K. Studer has resigned from the Company's Board of Directors. Asummary of changes effective today is as follows:
Lead Director, GreenHunter Energy Board of Directors: Stuart W. Ray
Stuart W. Ray has been a board member of GreenHunter Energy sinceDecember, 2007. Mr. Ray is an executive with broad experience in thefinancial services and energy industry having previously been a partner andmanaging director of BT Wolfensohn, the mergers and acquisitions arm ofBankers Trust, and Wolfensohn and Company which Bankers Trust acquired in1996. He currently is a partner in Sonenshine Partners LLC, a boutiqueinvestment banking firm in New York City. He is also a partner in UrbanAmerican Partners LLC, which identifies, acquires and operates portfoliosof working class housing in metropolitan areas. Mr. Ray helped found thiscompany in 1998. Mr. Ray is also a director of SandRidge Energy, Inc. anenergy company based in Oklahoma City, Oklahoma traded on the New YorkStock Exchange.
President, GreenHunter BioPower: Stephen A. Wiley
Stephen Wiley has served as the Senior Vice President for GreenHunterWind Energy, a wholly-owned subsidiary of GreenHunter Energy, Inc., sinceSeptember, 2007.
Mr. Wiley has been involved in the independent power generationbusiness for the past 18 years in various managerial positions indevelopment, mergers and acquisitions, finance, asset management, andinvestor relations. Prior to joining GreenHunter Energy, Mr. Wiley servedas the director of development for Gamesa Energy, one of the world'sleaders in wind energy technology and development. In this role Mr. Wileywas responsible for development in the central and western part of the U.S.Under his guidance, Gamesa developed the largest wind energy project in itsinternational portfolio.
Senior Vice President of Engineering & Technology, GreenHunterBioFuels: Bruce Baughman
Bruce A. Baughman has served as GreenHunter BioFuels, Inc.'s VicePresident of Engineering and Technology since February 2007. He has servedas the General Manager of the Company's biofuels project in Houston whereGreenHunter has created the nation's first renewable fuels campus whichincludes the country's largest biodiesel refinery with a capacity of 105million gallons per year, a 21 million gallon per year methanoldistillation business unit, the nation's largest glycerin distillationplant at 200 million pounds per year, a 700,000 barrel bulkstorage/terminal facility and a 7.2 MW merchant-power cogeneration plant(biodiesel fired).
Mr. Baughman has previously served in various roles of increasingresponsibility in the oilseed processing, food/specialty chemicalprocessing, power generation and biofuels manufacturing sectors over thelast 28 years.
Vice President of Special Projects, GreenHunter BioFuels: MichaelO'Leary
Michael O'Leary has been hired to work predominately on specialinternational projects for the Company. He brings thirty years of powerindustry experience, plant operation and industrial process optimizationexperience to GreenHunter Energy. As an energy and industrial processconsultant, Mr. O'Leary's tasks included managing changing operationaleconomies, plant shutdown and preservation, as well as facilityre-activations and technology upgrades. He has extensive hands-onmanagement, operations and maintenance experience with multiple technologypower generation facility types. In addition to providing technicalsupport, Mr. O'Leary has been active in leading business development andproject financing efforts.
Special Advisor to the Chairman of the Board: Kevin D. Kuykendall
Kevin D. Kuykendall was one of the original founders of White Energy,the largest private ethanol production company in the United States. Heserved as the company's President and Chief Executive Officer from January2005 through May 2008. Mr. Kuykendall brings strong financial andoperational leadership and proven experience in developing and executinggrowth strategies in the alternative energy space.
Mr. Kuykendall's success in building premier management teams andsuccessful entrepreneurial ventures is significant. Mr. Kuykendall wasinstrumental in raising over $475 million in equity and debt and buildingWhite Energy into the fourth largest ethanol producer in the US with over260 million gallons of production per year.
Mr. Kuykendall has been retained as Special Advisor to the Chairman ina consulting capacity where he will concentrate predominately oninternational opportunities in the biofuels arena.
Effective June 30, 2008, Michael K. Studer will resign as President andChief Operating Officer but will remain as Special Advisor to the Chairmanin a consulting capacity. Gary C. Evans will also assume the title ofPresident at that time.
In response to his decision to resign as an executive officer anddirector of the Company, Michael K. Studer said, "Today we are making thenecessary changes required to position GreenHunter Energy in a manner toleverage our renewable fuels campus concept. We are committed to investingin the areas around the world necessary to achieve vertical integrationinto non-food based feedstocks that will allow us to capture the greatestmargins possible. We also aim to build the distribution assets necessary tocreate long-term value."
Commenting on the changes to the Board of Directors and management teamannounced today, Chairman and Chief Executive Officer Gary C. Evans stated,"These Board and management changes reflect the requirements we believe arenecessary in order to achieve the future growth plans we have establishedas a group for this Company. As any new enterprise begins to mature fromthe embryonic and development stage to an operational phase, specificmanagement skill requirements also change. It is incumbent on our Board ofDirectors and executive management team to anticipate these events andbegin the proper transition required. Our ultimate goal is to maximize thereturns on our capital employed. The many changes announced today reflectthe decisions to promote from within, hire new personnel, and realign ourteam in a manner that creates the greatest opportunities for success atGreenHunter Energy, Inc."
GreenHunter Energy is focused on the renewable energy sectors of wind,hydro, geothermal, solar, biofuels, and biomass power plants. Our assetsconsist of leases of real property for future development of wind energyprojects located in Montana, New Mexico, California, Texas, and China, aformer waste oil and chemical refinery that has been converted into thenation's largest biodiesel refinery and nation's largest glycerin refinerylocated in Houston, Texas, and a biomass power plant located in El Centro,California. Headquartered in Grapevine, Texas, GreenHunter Energy wasformed to be the first publicly traded renewable energy company based inthe U.S. that provides to investors a portfolio of diversified assets inthe alternative energy sector. Additional information about GreenHunterEnergy may be found at http://www.greenhunterenergy.com.
A-Power Reports Record Financial Results for the Quarter Ended March 31, 2008
A-Power Reports Record Financial Results for the Quarter Ended March 31, 2008 & Confirms Company is on Track to Reach Its 2008 Earnings Guidance
June 6 2008
Highlights
Q1 2008 Revenue increased 85.0% to $32.3 million from $17.5 million in Q1 2007 Q1 2008 Net Income increased 79.1% to $2.9 million from $1.6 million in Q1 2007 99.9% of warrants were exercised generating $59.3 million in cash Cash balance as of March 31, 2008 approximately $94 million, up from approximately $36 million at the end of 2007 Bridge loan was repaid in January 2008, Company is now debt-free Backlog as of April 16, 2008 approximately $700 million, up from $398.2 million at the end of 2007 Wind facility to be completed this month – will begin producing wind turbines from Q3 Confirms Company on-track to reach 2008 earnings guidance of $35 to $45 million, or approximately $1.04 to $1.34 per share SHENYANG, China--(BUSINESS WIRE)--A-Power Energy Generation Systems (NASDAQ:APWR) ("A-Power") today announced record financial results (unaudited) for the quarter ended March 31, 2008 (see table below).
Q1 2008 Financial Results
For the three months ended March 31, 2008, A-Power’s revenue was $32.3 million, an increase of 85.0% from $17.5 million in Q1 2007. The increase was due to continued growth in the Company’s core distributed power generation business and the relatively larger size of projects under construction in Q1 2008 compared with Q1 2007.
The total cost of revenues for the three months ended March 31, 2008 amounted to $28.5 million, an increase by $13.4 million compared to $15.1 million in Q1 2007. Due to the stage of certain contracts being performed in Q1 2008, gross margins were 11.9%, a decrease from 13.9% in the first quarter of 2007, but an increase of 0.7% from 11.2% in the fourth quarter of 2007. On an annualized basis for all of 2008, management expects gross margins on its distributed power generation business will be approximately 13.5%, similar to its gross margins in 2007.
General and administrative expenses amounted to approximately $1.0 million for the three months ended March 31, 2008, an increase of approximately $0.5 million compared to approximately $0.5 million in the same period in prior year. This increase was primarily due to the addition of key technical and managerial talent and non-recurring direct expenses associated with the acquisition of Head Dragon Holdings by Chardan South China Acquisition Corp.
Income from operations increased by approximately $0.9 million to $2.8 million for the three months ended March 31, 2008 from $1.9 million for the three months ended March 31, 2007.
Finance costs decreased to $22,596 for the three months ended March 31, 2008 from $134,323 in the same period of the prior year.
Other income, which consisted of miscellaneous income from non-operating activities, was $171,035 for the three months ended March 31, 2008, compared to an expense of $225,346 for the same period in the prior year.
The income tax provision in Q1 2008 was ($41,977), representing a credit from reversal of certain income tax expense accrual in 2007, compared to zero income tax provision in the same period in the prior year. Liaoning GaoKe Energy Group Co., Ltd. is 100% exempt from PRC income tax in 2008, thus the income tax provision only relates to the Design Institute, which is taxed at an effective rate of 25%.
Net income for the first three months of 2008 amounted to $2.9 million, an increase by $1.3 million or 79.1% compared to $1.6 million for the first three months of 2007. This increase was attributable primarily to the growth in revenue and operating income and an increased number of larger distributed power generation contracts.
Comments from Mr. Jinxiang Lu, Chairman & CEO
Mr. Jinxiang Lu, A-Power’s Chairman and CEO commented, “I am very pleased to announce that we made record progress in the first quarter of this year and are on-track to reach our earnings guidance of $35 to $45 million in 2008. Compared to the rest of the year, the first quarter has always been a slow quarter for A-Power due to the harsh seasonal weather in Northern China, where a majority of our projects are based. This harsh weather causes the construction on most of our projects to be halted in January and for a majority, if not all, of February.
“During the first quarter of 2008 we made great progress in not only obtaining new contracts in China, but also in expanding our operations into Southeast Asia. As previously announced, we signed a $150 million distributed power contract in Thailand and began working on this project in May. We are in discussions with a number of other potential customers throughout China and Southeast Asia and expect to announce new major contracts over the next few months.
“For an update on the wind business, we have made encouraging progress sourcing the necessary wind turbine components from China and abroad and are on-track to complete the first phase of our wind turbine production facility this month. This first phase includes a 180,000 square foot wind turbine assembly facility with the capacity to produce 420 of the 750kW wind turbines and 300 of the 2.5 MW wind turbines each year. We expect to begin producing wind turbines at this new facility in the third quarter of this year and look forward to becoming one of the major providers of wind turbines in China.
“We believe one of our most important tasks is not just to ensure a strong current performance, but at the same time to create the conditions for sustainable long-term success with the goal of becoming the leading clean energy company in Asia. We feel that we continued to take a major stride in that direction in the first quarter of 2008 – in the interest of our stockholders, our employees and A-Power.”
About A-Power
A-Power Energy Generation Systems, Ltd., formerly Chardan South China Acquisition Corp., through its PRC operating subsidiaries, is the largest provider of distributed power generation systems in China and will enter into China’s wind energy market in 2008. The Company is also focused on developing and commercializing additional renewable energy technologies and has strategic relationships with both Tsinghua University and the China Sciences Academy in Guangzhou.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about A-Power, Head Dragon and GaoKe. Forward-looking statements are statements that are not historical facts, including statements relating to anticipated future operating results, new contracts, and entry into expanded markets. Such forward-looking statements, based upon the current beliefs and expectations of A-Power’s and Head Dragon’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Head Dragon is engaged; cessation or changes in government incentive programs; fluctuations in customer demand; management of rapid growth and transitions to new markets; intensity of competition from or introduction of new and superior products by other providers of distributed power generation and other energy generation technology; timing, approval and market acceptance of new product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks detailed in A-Power’s filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Neither A-Power nor Head Dragon assumes any obligation to update the information contained in this press release.
June 6 2008
Highlights
Q1 2008 Revenue increased 85.0% to $32.3 million from $17.5 million in Q1 2007 Q1 2008 Net Income increased 79.1% to $2.9 million from $1.6 million in Q1 2007 99.9% of warrants were exercised generating $59.3 million in cash Cash balance as of March 31, 2008 approximately $94 million, up from approximately $36 million at the end of 2007 Bridge loan was repaid in January 2008, Company is now debt-free Backlog as of April 16, 2008 approximately $700 million, up from $398.2 million at the end of 2007 Wind facility to be completed this month – will begin producing wind turbines from Q3 Confirms Company on-track to reach 2008 earnings guidance of $35 to $45 million, or approximately $1.04 to $1.34 per share SHENYANG, China--(BUSINESS WIRE)--A-Power Energy Generation Systems (NASDAQ:APWR) ("A-Power") today announced record financial results (unaudited) for the quarter ended March 31, 2008 (see table below).
Q1 2008 Financial Results
For the three months ended March 31, 2008, A-Power’s revenue was $32.3 million, an increase of 85.0% from $17.5 million in Q1 2007. The increase was due to continued growth in the Company’s core distributed power generation business and the relatively larger size of projects under construction in Q1 2008 compared with Q1 2007.
The total cost of revenues for the three months ended March 31, 2008 amounted to $28.5 million, an increase by $13.4 million compared to $15.1 million in Q1 2007. Due to the stage of certain contracts being performed in Q1 2008, gross margins were 11.9%, a decrease from 13.9% in the first quarter of 2007, but an increase of 0.7% from 11.2% in the fourth quarter of 2007. On an annualized basis for all of 2008, management expects gross margins on its distributed power generation business will be approximately 13.5%, similar to its gross margins in 2007.
General and administrative expenses amounted to approximately $1.0 million for the three months ended March 31, 2008, an increase of approximately $0.5 million compared to approximately $0.5 million in the same period in prior year. This increase was primarily due to the addition of key technical and managerial talent and non-recurring direct expenses associated with the acquisition of Head Dragon Holdings by Chardan South China Acquisition Corp.
Income from operations increased by approximately $0.9 million to $2.8 million for the three months ended March 31, 2008 from $1.9 million for the three months ended March 31, 2007.
Finance costs decreased to $22,596 for the three months ended March 31, 2008 from $134,323 in the same period of the prior year.
Other income, which consisted of miscellaneous income from non-operating activities, was $171,035 for the three months ended March 31, 2008, compared to an expense of $225,346 for the same period in the prior year.
The income tax provision in Q1 2008 was ($41,977), representing a credit from reversal of certain income tax expense accrual in 2007, compared to zero income tax provision in the same period in the prior year. Liaoning GaoKe Energy Group Co., Ltd. is 100% exempt from PRC income tax in 2008, thus the income tax provision only relates to the Design Institute, which is taxed at an effective rate of 25%.
Net income for the first three months of 2008 amounted to $2.9 million, an increase by $1.3 million or 79.1% compared to $1.6 million for the first three months of 2007. This increase was attributable primarily to the growth in revenue and operating income and an increased number of larger distributed power generation contracts.
Comments from Mr. Jinxiang Lu, Chairman & CEO
Mr. Jinxiang Lu, A-Power’s Chairman and CEO commented, “I am very pleased to announce that we made record progress in the first quarter of this year and are on-track to reach our earnings guidance of $35 to $45 million in 2008. Compared to the rest of the year, the first quarter has always been a slow quarter for A-Power due to the harsh seasonal weather in Northern China, where a majority of our projects are based. This harsh weather causes the construction on most of our projects to be halted in January and for a majority, if not all, of February.
“During the first quarter of 2008 we made great progress in not only obtaining new contracts in China, but also in expanding our operations into Southeast Asia. As previously announced, we signed a $150 million distributed power contract in Thailand and began working on this project in May. We are in discussions with a number of other potential customers throughout China and Southeast Asia and expect to announce new major contracts over the next few months.
“For an update on the wind business, we have made encouraging progress sourcing the necessary wind turbine components from China and abroad and are on-track to complete the first phase of our wind turbine production facility this month. This first phase includes a 180,000 square foot wind turbine assembly facility with the capacity to produce 420 of the 750kW wind turbines and 300 of the 2.5 MW wind turbines each year. We expect to begin producing wind turbines at this new facility in the third quarter of this year and look forward to becoming one of the major providers of wind turbines in China.
“We believe one of our most important tasks is not just to ensure a strong current performance, but at the same time to create the conditions for sustainable long-term success with the goal of becoming the leading clean energy company in Asia. We feel that we continued to take a major stride in that direction in the first quarter of 2008 – in the interest of our stockholders, our employees and A-Power.”
About A-Power
A-Power Energy Generation Systems, Ltd., formerly Chardan South China Acquisition Corp., through its PRC operating subsidiaries, is the largest provider of distributed power generation systems in China and will enter into China’s wind energy market in 2008. The Company is also focused on developing and commercializing additional renewable energy technologies and has strategic relationships with both Tsinghua University and the China Sciences Academy in Guangzhou.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about A-Power, Head Dragon and GaoKe. Forward-looking statements are statements that are not historical facts, including statements relating to anticipated future operating results, new contracts, and entry into expanded markets. Such forward-looking statements, based upon the current beliefs and expectations of A-Power’s and Head Dragon’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Head Dragon is engaged; cessation or changes in government incentive programs; fluctuations in customer demand; management of rapid growth and transitions to new markets; intensity of competition from or introduction of new and superior products by other providers of distributed power generation and other energy generation technology; timing, approval and market acceptance of new product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks detailed in A-Power’s filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Neither A-Power nor Head Dragon assumes any obligation to update the information contained in this press release.
Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems to Partner with Invenergy Wind
Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems to Partner with Invenergy Wind Management, LLC for Wind Farm Projects
ROCKVILLE, Md.--Argan, Inc. (AMEX:AGX) announced that its wholly owned subsidiary, Gemma Power Systems, has entered into a partnership with Invenergy Wind Management LLC, for the design and construction of wind farms located from the Mid-Western region of the United States into Canada. The partners will each own 50% of a new company named Gemma Renewable Power, LLC.
Gemma Renewable Power LLC will annually provide engineering, procurement and construction services for more than an estimated 300MW of wind farms including design and construction of roads, foundations, and electrical collection system, as well as the erection of towers, turbines and blades. The new venture shall also assist with some of the ongoing servicing of the wind farms.
Invenergy Wind LLC is executing one of the largest wind energy development programs in the industry. Invenergy Wind’s focus is on the development and long-term ownership and operation of utility scale wind projects ranging in size from 25 to 500 MW. Invenergy Wind currently has in excess of 50 projects in active development in the United States, Canada and Europe and has secured 1,500 MW of wind turbines from General Electric for deliveries in 2008 and 2009.
Gemma Power Systems is a leading power plant designer and builder with expertise in the rapidly growing alternative fuel industry. Gemma provides a full range of development, consulting, engineering, procurement, construction, commissioning and maintenance services. A substantial amount of Gemma’s backlog, including this joint venture, is geared toward the renewable energy sector. In total, Gemma has managed the engineering, procurement and construction of more than 9,000 MW of power-generating capacity.
Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, stated, “This joint venture not only enhances our positioning in the alternative energy space, but also provides a new potential revenue stream. Gemma’s project management and construction capabilities and decades of industry experience are well suited to the requirements of this project and we look forward to working with Invenergy.”
“Invenergy is very excited about entering into this agreement with Gemma,” Pat West, Sr. Vice President of Technical Services for Invenergy stated. “This joint venture greatly adds to our construction and maintenance capabilities and further enhances our position as a leading developer and operator of wind generation.”
About Argan
Argan is a publicly traded holding company focusing on companies that provide products and services to growth industries. Argan’s primary business is focused on designing and building traditional gas fired energy plants as well as power plants for the rapidly growing alternative energy sector through its Gemma Power Systems subsidiary. Argan has two other subsidiaries: Southern Maryland Cable, Inc., which provides inside premise wiring services to the federal government including military installations and government office sites requiring high-level security clearance and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers; and Vitarich Laboratories, a farm to market, vertically integrated private label manufacturer that manufactures, packages and distributes premium nutraceutical products, including nutritional and whole food dietary supplements and other personal healthcare products.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Argan’s financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review risks and uncertainties described in documents that the Company files with the Securities and Exchange Commission.
Contacts Argan, Inc.Rainer Bosselmann/Arthur Trudel301-315-0027orInvestor Relations Contact:Institutional Marketing Services(IMS)John Nesbett/Jennifer Belodeau203-972-9200
ROCKVILLE, Md.--Argan, Inc. (AMEX:AGX) announced that its wholly owned subsidiary, Gemma Power Systems, has entered into a partnership with Invenergy Wind Management LLC, for the design and construction of wind farms located from the Mid-Western region of the United States into Canada. The partners will each own 50% of a new company named Gemma Renewable Power, LLC.
Gemma Renewable Power LLC will annually provide engineering, procurement and construction services for more than an estimated 300MW of wind farms including design and construction of roads, foundations, and electrical collection system, as well as the erection of towers, turbines and blades. The new venture shall also assist with some of the ongoing servicing of the wind farms.
Invenergy Wind LLC is executing one of the largest wind energy development programs in the industry. Invenergy Wind’s focus is on the development and long-term ownership and operation of utility scale wind projects ranging in size from 25 to 500 MW. Invenergy Wind currently has in excess of 50 projects in active development in the United States, Canada and Europe and has secured 1,500 MW of wind turbines from General Electric for deliveries in 2008 and 2009.
Gemma Power Systems is a leading power plant designer and builder with expertise in the rapidly growing alternative fuel industry. Gemma provides a full range of development, consulting, engineering, procurement, construction, commissioning and maintenance services. A substantial amount of Gemma’s backlog, including this joint venture, is geared toward the renewable energy sector. In total, Gemma has managed the engineering, procurement and construction of more than 9,000 MW of power-generating capacity.
Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, stated, “This joint venture not only enhances our positioning in the alternative energy space, but also provides a new potential revenue stream. Gemma’s project management and construction capabilities and decades of industry experience are well suited to the requirements of this project and we look forward to working with Invenergy.”
“Invenergy is very excited about entering into this agreement with Gemma,” Pat West, Sr. Vice President of Technical Services for Invenergy stated. “This joint venture greatly adds to our construction and maintenance capabilities and further enhances our position as a leading developer and operator of wind generation.”
About Argan
Argan is a publicly traded holding company focusing on companies that provide products and services to growth industries. Argan’s primary business is focused on designing and building traditional gas fired energy plants as well as power plants for the rapidly growing alternative energy sector through its Gemma Power Systems subsidiary. Argan has two other subsidiaries: Southern Maryland Cable, Inc., which provides inside premise wiring services to the federal government including military installations and government office sites requiring high-level security clearance and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers; and Vitarich Laboratories, a farm to market, vertically integrated private label manufacturer that manufactures, packages and distributes premium nutraceutical products, including nutritional and whole food dietary supplements and other personal healthcare products.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Argan’s financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review risks and uncertainties described in documents that the Company files with the Securities and Exchange Commission.
Contacts Argan, Inc.Rainer Bosselmann/Arthur Trudel301-315-0027orInvestor Relations Contact:Institutional Marketing Services(IMS)John Nesbett/Jennifer Belodeau203-972-9200
Friday, June 06, 2008
Ardour Solar Energy IndexSM Returned -22.30 Percent Year-to-Date Through May 2008
Ardour Solar Energy IndexSM Returned -22.30 Percent Year-to-Date Through May 2008
NEW YORK-- June 5 2008 The Ardour Solar Energy IndexSM (Bloomberg ticker: SOLRX), the pure-play leader in tracking the solar energy industry, returned 4.1% in May 2008 and -22.3% year-to-date through end-May 2008.*
The SOLRX index is comprised of a basket of securities of companies from around the world that are engaged in various aspects of the solar energy industry, including solar electricity, heating and lighting. The Index includes only those companies that generate at least 66% of their revenues from solar energy. On an index-weighted basis, the constituents of SOLRX derive well over 90% of their revenues from solar energy.
SOLRX was launched on April 21, 2008 and includes many companies of global prominence—such as First Solar, Q Cells and Renewable Energy, with weightings of 9.5%, 11.7% and 8.4%, respectively, as of May 31, 2008. The Index comprised 27 companies in all as of that same date. SOLRX is published by Ardour Global Indexes, LLCSM and is a member of the Ardour FamilySM of Alternative Energy Indexes, which serve as leading alternative energy industry benchmarks.
Market Vectors—Solar Energy ETF (Amex: KWT) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the SOLRX index. KWT generally holds all the securities that make up the Index in proportion to their Index weightings.
*Past performance does not guarantee future results. The Index’s return does not represent the performance of any fund. The Index charges no fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in the Index. Performance information presented for the Index covering the period prior to April 21, 2008 is based on hypothetical, back-tested data. Prior to April 21, 2008, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown.
About the Ardour Solar Energy IndexSM (SOLRX)
The Ardour Solar Energy IndexSM is a rules-based, modified global-capitalization-weighted, float-adjusted index intended to give investors an efficient means of tracking the overall performance of a global universe of listed companies engaged in the solar industry. The Index is weighted based on the market capitalization of each of the component stocks, modified to conform to various asset diversification requirements, which are applied in conjunction with the scheduled quarterly adjustments to the Index. Index values are calculated on both a price-only and total-return basis.
About Ardour Global Indexes, LLCSM
Ardour Global Indexes, LLCSM was founded in 2005 for the express purpose of developing bench-marking tools for the global alternative energy industry. It is a partnership between Ardour Capital Investments, LLC, a premier investment bank specializing in alternative energy finance, and S-Network Energy Technologies, LLC, a developer of indexes and investment products focused on both traditional and alternative energy.
Ardour Global Indexes, LLC SM and Ardour Solar Energy IndexSM are service marks of Ardour Global Indexes, LLCSM and have been licensed for use by Van Eck Associates Corporation in connection with Market Vectors–Solar Energy ETF (KWT). KWT is not sponsored, endorsed, sold or promoted by Ardour Global Indexes, LLCSM and Ardour Global Indexes, LLCSM makes no representation regarding the advisability of investing in the KWT. The Ardour Solar Energy IndexSM is calculated by Dow Jones Indexes. Van Eck’s Market Vectors–Solar Energy ETF (KWT), based on the Ardour Solar Energy IndexSM, is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and Dow Jones Indexes makes no representation regarding the advisability of investing in KWT.
About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues that 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes.
Van Eck also offers a number of mutual funds. Van Eck’s mutual funds are sold nationwide through retail brokers, financial planners and investment advisors. Designed for investors seeking innovative choices for portfolio diversification, they are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments.
Van Eck also offers exchange-traded funds, separate accounts and alternative investments. In addition, it offers the Worldwide Insurance Trust Funds, a series of investment choices within the variable annuity contracts and variable life policies of widely known and highly regarded insurers.
KWT is subject to risks associated with the stock market, index tracking, sector investing, investing in small- or mid-cap companies, foreign investments, replication management, non-diversified investments, absence of prior active market, trading issues, fluctuation of net asset value and risks of investing in solar energy investments. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.
Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/kwt for a free prospectus. They should consider the investment objective, risks, and charges and expenses of Market Vectors-Solar Energy ETF carefully before investing. The prospectus contains this and other information about KWT. Please read the prospectus carefully before investing.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/kwt for the most recent month-end performance of Market Vectors-Solar Energy ETF. This information will be available no later than seven business days after the most recent month end.
Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York, NY 10016
Contacts MacMillan CommunicationsMike MacMillan/Lindsey Wetmiller212-473-4442Lindsey@macmillancom.com
NEW YORK-- June 5 2008 The Ardour Solar Energy IndexSM (Bloomberg ticker: SOLRX), the pure-play leader in tracking the solar energy industry, returned 4.1% in May 2008 and -22.3% year-to-date through end-May 2008.*
The SOLRX index is comprised of a basket of securities of companies from around the world that are engaged in various aspects of the solar energy industry, including solar electricity, heating and lighting. The Index includes only those companies that generate at least 66% of their revenues from solar energy. On an index-weighted basis, the constituents of SOLRX derive well over 90% of their revenues from solar energy.
SOLRX was launched on April 21, 2008 and includes many companies of global prominence—such as First Solar, Q Cells and Renewable Energy, with weightings of 9.5%, 11.7% and 8.4%, respectively, as of May 31, 2008. The Index comprised 27 companies in all as of that same date. SOLRX is published by Ardour Global Indexes, LLCSM and is a member of the Ardour FamilySM of Alternative Energy Indexes, which serve as leading alternative energy industry benchmarks.
Market Vectors—Solar Energy ETF (Amex: KWT) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the SOLRX index. KWT generally holds all the securities that make up the Index in proportion to their Index weightings.
*Past performance does not guarantee future results. The Index’s return does not represent the performance of any fund. The Index charges no fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in the Index. Performance information presented for the Index covering the period prior to April 21, 2008 is based on hypothetical, back-tested data. Prior to April 21, 2008, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown.
About the Ardour Solar Energy IndexSM (SOLRX)
The Ardour Solar Energy IndexSM is a rules-based, modified global-capitalization-weighted, float-adjusted index intended to give investors an efficient means of tracking the overall performance of a global universe of listed companies engaged in the solar industry. The Index is weighted based on the market capitalization of each of the component stocks, modified to conform to various asset diversification requirements, which are applied in conjunction with the scheduled quarterly adjustments to the Index. Index values are calculated on both a price-only and total-return basis.
About Ardour Global Indexes, LLCSM
Ardour Global Indexes, LLCSM was founded in 2005 for the express purpose of developing bench-marking tools for the global alternative energy industry. It is a partnership between Ardour Capital Investments, LLC, a premier investment bank specializing in alternative energy finance, and S-Network Energy Technologies, LLC, a developer of indexes and investment products focused on both traditional and alternative energy.
Ardour Global Indexes, LLC SM and Ardour Solar Energy IndexSM are service marks of Ardour Global Indexes, LLCSM and have been licensed for use by Van Eck Associates Corporation in connection with Market Vectors–Solar Energy ETF (KWT). KWT is not sponsored, endorsed, sold or promoted by Ardour Global Indexes, LLCSM and Ardour Global Indexes, LLCSM makes no representation regarding the advisability of investing in the KWT. The Ardour Solar Energy IndexSM is calculated by Dow Jones Indexes. Van Eck’s Market Vectors–Solar Energy ETF (KWT), based on the Ardour Solar Energy IndexSM, is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and Dow Jones Indexes makes no representation regarding the advisability of investing in KWT.
About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues that 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes.
Van Eck also offers a number of mutual funds. Van Eck’s mutual funds are sold nationwide through retail brokers, financial planners and investment advisors. Designed for investors seeking innovative choices for portfolio diversification, they are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments.
Van Eck also offers exchange-traded funds, separate accounts and alternative investments. In addition, it offers the Worldwide Insurance Trust Funds, a series of investment choices within the variable annuity contracts and variable life policies of widely known and highly regarded insurers.
KWT is subject to risks associated with the stock market, index tracking, sector investing, investing in small- or mid-cap companies, foreign investments, replication management, non-diversified investments, absence of prior active market, trading issues, fluctuation of net asset value and risks of investing in solar energy investments. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.
Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/kwt for a free prospectus. They should consider the investment objective, risks, and charges and expenses of Market Vectors-Solar Energy ETF carefully before investing. The prospectus contains this and other information about KWT. Please read the prospectus carefully before investing.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/kwt for the most recent month-end performance of Market Vectors-Solar Energy ETF. This information will be available no later than seven business days after the most recent month end.
Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York, NY 10016
Contacts MacMillan CommunicationsMike MacMillan/Lindsey Wetmiller212-473-4442Lindsey@macmillancom.com
Renewable Energy Stocks Sector Close-UP; Tracking the Sector with Indices
Renewable Energy Stocks Sector Close-UP; Tracking the Sector with Indices
Investors Can Track Sector with the Ludlow Energy SmallCap Index, Ludlow Alternative Energy Index, WilderHill Clean Energy Index; Global RENIXX® (Renewable Energy Industrial Index)
POINT ROBERTS, WA and DELTA, BC—June 6 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks and some of the Indices tracking the sector.
The Ludlow Energy SmallCap Index, one of the only Indices tracking some of the small cap players, is currently made up of the following companies: Ascent Solar Technologies, Advanced Battery Tech, Alternative Energy Sources, Akeena Solar Inc (NasdaqCM:AKNS - News), American Sec Res Corp, Clear Skies Solar, Inc (OTC BB:CSKH.OB - News), Convergence Ethanol Inc, Capstone Turbine Corp, Composite Technology Corp, Better Biodiesel Inc, Biofuel Energy Corp, Bluefire Ethanol Fuels Inc, Biosolar Inc, Daystar Technologies Inc, Deli Solar Usa Inc, Dynamotive Energy Sys Corp, Earth Biofuels Inc, Ener1 Inc, Enova Systems Inc, Girasolar Inc, Green Energy Resources Inc, Hoku Scientific Inc, Hybrid Technologies Inc, HydroGen Corporation Comm, Hydrogen Engine Ctr Inc, Icp Solar Technologies Inc, Intrepid Technolog & Res Inc, Millennium Cell Inc, Mass Megawatts Wind Power, Newgen Technologies Inc, Nevada Geothermal Power Inc, Open Energy Corp, 02diesel Corp, Plug Power Inc, Startech Environmental Corp, Energy Quest Inc, W2 Energy Inc, Welwind, Energy International, Inc, Worldwater & Power Corp and XsunX, Inc. (OTC BB:XSNX.OB - News)
"We are extremely pleased to have XsunX selected to be listed on the Ludlow Energy Ventures renewable energy index, which as a reputable index, attracts long term investors with a buoyant viewpoint on alternative energy", said Tom Djokovich, CEO of XsunX, Inc.
The Ludlow Small Cap Energy Index is a basket of small cap alternative energy stocks. Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of renewable energy solutions, recently announced it was added to the Ludlow Energy Small-Cap Index.
“It’s truly an honor to have Clear Skies Solar added to the much-respected Ludlow Energy Ventures renewable energy index,” said Ezra Green, Chairman and CEO of Clear Skies Solar.
The Index provides both institutional and individual investors a tool for tracking the day to day performance of a number of small cap alternative energy stocks in a diversified basket. The index is designed for investors who have a long-term bullish outlook on alternative energy, and may be seeking a diversified portfolio within the sector. http://www.ludlowenergy.com/indices/smallcap.html
The Ludlow Alternative Energy Index tracks some of the top alternative energy stocks. The Index provides both institutional and individual investors a tool for tracking the day to day performance of the alternative energy sector in a diversified basket. http://www.ludlowenergy.com/indices/
Dr. Robert Wilder, of the WilderHill Clean Energy Index (^ECO) reports, "I'm delighted our WilderHill Clean Energy Index (^ECO) was first to capture this new theme, and its tracking PowerShares ETF (symbol: PBW) too was an original investment product in this space. Having a lead of a few years also let us help define what investing in clean energy should look like, and in that time we've seen more than a billion dollars have come into that independent tracking fund, PBW. On the other hand I am also gratified to see so many new Indexes and trackers move into this space lately; a few are pretty close replicas to ECO, while others add interesting new dynamics such as an ability to invest in solar alone. In the meantime since 2004 we've also produced the first Index capturing opportunities found in a response to climate change and for improving dominant energy sources: its tracker is the PowerShares WilderHill Progressive Energy Portfolio (PUW). And most recently partnering with New Energy Finance in London, and Josh Landess in the U.S., we together co-produced the first Global Index for stocks around the world in the clean & new energy space: a tracker for this is the PowerShares Global Clean Energy Portfolio (PBD) and all three now capture key stocks worldwide. I'm excited by the progress made here as well as encouraged by the fact so many new Indexes have since entered this space, which I think reflects this is no longer seen as a niche or unimportant arena. Today, some of the world's biggest corporations are taking clean, new and progressive energy technologies all very seriously, and I believe 'alternative energy' may soon simply become just energy."
For investors following solar stocks in particular, The Claymore ETF (TAN) tracks the MAC Global Solar Energy Index, and the Market Vectors ETF (KWT) tracks the Ardour Solar Energy Index.
For investors tracking the global market, The RENIXX® (Renewable Energy Industrial Index) World is the first global stock index, which comprises the performance of the world’s 30 largest companies of the renewable energy industry whose weighting in the index is based on the market capitalization.
The www.RenewableEnergyStocks.com home page features a comprehensive directory of Indices and ETF’s for investors to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTC BB:CSKH.OB ) through its wholly owned subsidiary, Clear Skies Group, Inc., provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG was incorporated in 2003 and launched formal operations in 2005. During that time period, CSG developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSG has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase at http://www.investorideas.com/CO/CSG/
Or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
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 companies, news submissions and online advertising. XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition, Investorideas.com has been granted options in CSKH at $1.50.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, XsunX, Clear Skies Holdings, Inc, WilderHill Clean Energy Index
Investors Can Track Sector with the Ludlow Energy SmallCap Index, Ludlow Alternative Energy Index, WilderHill Clean Energy Index; Global RENIXX® (Renewable Energy Industrial Index)
POINT ROBERTS, WA and DELTA, BC—June 6 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks and some of the Indices tracking the sector.
The Ludlow Energy SmallCap Index, one of the only Indices tracking some of the small cap players, is currently made up of the following companies: Ascent Solar Technologies, Advanced Battery Tech, Alternative Energy Sources, Akeena Solar Inc (NasdaqCM:AKNS - News), American Sec Res Corp, Clear Skies Solar, Inc (OTC BB:CSKH.OB - News), Convergence Ethanol Inc, Capstone Turbine Corp, Composite Technology Corp, Better Biodiesel Inc, Biofuel Energy Corp, Bluefire Ethanol Fuels Inc, Biosolar Inc, Daystar Technologies Inc, Deli Solar Usa Inc, Dynamotive Energy Sys Corp, Earth Biofuels Inc, Ener1 Inc, Enova Systems Inc, Girasolar Inc, Green Energy Resources Inc, Hoku Scientific Inc, Hybrid Technologies Inc, HydroGen Corporation Comm, Hydrogen Engine Ctr Inc, Icp Solar Technologies Inc, Intrepid Technolog & Res Inc, Millennium Cell Inc, Mass Megawatts Wind Power, Newgen Technologies Inc, Nevada Geothermal Power Inc, Open Energy Corp, 02diesel Corp, Plug Power Inc, Startech Environmental Corp, Energy Quest Inc, W2 Energy Inc, Welwind, Energy International, Inc, Worldwater & Power Corp and XsunX, Inc. (OTC BB:XSNX.OB - News)
"We are extremely pleased to have XsunX selected to be listed on the Ludlow Energy Ventures renewable energy index, which as a reputable index, attracts long term investors with a buoyant viewpoint on alternative energy", said Tom Djokovich, CEO of XsunX, Inc.
The Ludlow Small Cap Energy Index is a basket of small cap alternative energy stocks. Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of renewable energy solutions, recently announced it was added to the Ludlow Energy Small-Cap Index.
“It’s truly an honor to have Clear Skies Solar added to the much-respected Ludlow Energy Ventures renewable energy index,” said Ezra Green, Chairman and CEO of Clear Skies Solar.
The Index provides both institutional and individual investors a tool for tracking the day to day performance of a number of small cap alternative energy stocks in a diversified basket. The index is designed for investors who have a long-term bullish outlook on alternative energy, and may be seeking a diversified portfolio within the sector. http://www.ludlowenergy.com/indices/smallcap.html
The Ludlow Alternative Energy Index tracks some of the top alternative energy stocks. The Index provides both institutional and individual investors a tool for tracking the day to day performance of the alternative energy sector in a diversified basket. http://www.ludlowenergy.com/indices/
Dr. Robert Wilder, of the WilderHill Clean Energy Index (^ECO) reports, "I'm delighted our WilderHill Clean Energy Index (^ECO) was first to capture this new theme, and its tracking PowerShares ETF (symbol: PBW) too was an original investment product in this space. Having a lead of a few years also let us help define what investing in clean energy should look like, and in that time we've seen more than a billion dollars have come into that independent tracking fund, PBW. On the other hand I am also gratified to see so many new Indexes and trackers move into this space lately; a few are pretty close replicas to ECO, while others add interesting new dynamics such as an ability to invest in solar alone. In the meantime since 2004 we've also produced the first Index capturing opportunities found in a response to climate change and for improving dominant energy sources: its tracker is the PowerShares WilderHill Progressive Energy Portfolio (PUW). And most recently partnering with New Energy Finance in London, and Josh Landess in the U.S., we together co-produced the first Global Index for stocks around the world in the clean & new energy space: a tracker for this is the PowerShares Global Clean Energy Portfolio (PBD) and all three now capture key stocks worldwide. I'm excited by the progress made here as well as encouraged by the fact so many new Indexes have since entered this space, which I think reflects this is no longer seen as a niche or unimportant arena. Today, some of the world's biggest corporations are taking clean, new and progressive energy technologies all very seriously, and I believe 'alternative energy' may soon simply become just energy."
For investors following solar stocks in particular, The Claymore ETF (TAN) tracks the MAC Global Solar Energy Index, and the Market Vectors ETF (KWT) tracks the Ardour Solar Energy Index.
For investors tracking the global market, The RENIXX® (Renewable Energy Industrial Index) World is the first global stock index, which comprises the performance of the world’s 30 largest companies of the renewable energy industry whose weighting in the index is based on the market capitalization.
The www.RenewableEnergyStocks.com home page features a comprehensive directory of Indices and ETF’s for investors to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTC BB:CSKH.OB ) through its wholly owned subsidiary, Clear Skies Group, Inc., provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG was incorporated in 2003 and launched formal operations in 2005. During that time period, CSG developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSG has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase at http://www.investorideas.com/CO/CSG/
Or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
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 companies, news submissions and online advertising. XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition, Investorideas.com has been granted options in CSKH at $1.50.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, XsunX, Clear Skies Holdings, Inc, WilderHill Clean Energy Index
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