Cleantech Transit, Inc. (CLNO)
Burning biomass is not the only way to release its energy. Biomass can be converted to other usable forms of energy like methane gas or transportation fuels like ethanol and biodiesel. Methane gas is the main ingredient of natural gas. Smelly stuff, like rotting garbage, and agricultural and human waste, release methane gas - also called “landfill gas” or “biogas.” Crops like corn and sugar cane can be fermented to produce the transportation fuel, ethanol. Biodiesel, another transportation fuel, can be produced from left-over food products like vegetable oils and animal fats. Biomass fuels provide about 3 percent of the energy used in the United States.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Dril-Quip, Inc. (NYSE:DRQ) announced that Blake T. DeBerry, Senior Vice President-Sales and Engineering, and Jerry M. Brooks, Vice President and Chief Financial Officer, will deliver a presentation at the Barclays Capital 2011 CEO Energy-Power Conference in New York City on Tuesday, September 6, 2011. Their remarks are scheduled to begin at 3:45 p.m. Eastern / 2:45 p.m. Central time.
Dril-Quip, Inc. designs, manufactures, fabricates, inspects, assembles, tests, and markets engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide.
Eaton Corporation (NYSE:ETN) announced that it has acquired the assets of IE Power, Inc. IE Power, which was founded in 1985, is based in Mississauga, Ontario, Canada and employs 24 people. The company is a leading provider of high power inverters for a variety of mission critical applications including solar, wind and battery energy storage, with sizes from 100kW to 5MW. Terms of the transaction were not disclosed.
Eaton Corporation operates as a power management company worldwide. It provides electrical components and systems for power quality, distribution, and control; hydraulics components, systems, and services for industrial and mobile equipment; aerospace fuel, hydraulics, and pneumatic systems for commercial and military use; and truck and automotive drivetrain, and powertrain systems for performance, fuel economy, and safety.
Red Lion Hotels Corporation (NYSE:RLH) has named Julie Shiflett as Executive Vice President and Chief Financial Officer effective September 1. Shiflett has been with Red Lion Hotels since October 2010 when she was hired under a contract to serve as Vice President of Finance.
Red Lion Hotels Corporation, a hospitality and leisure company, engages in the ownership, operation, and franchising of midscale, full, select, and limited service hotels under the Red Lion brand.
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