MTXZ, CLNO, SOA, HRL - CRWEPicks.com Stock Highlights! MasTec Inc., Cleantech Transit, Soutia Inc., Hormel Foods Corp,
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MasTec, Inc. (NYSE:MTZ) announced that its senior management will be in New York presenting at the BB&T Capital Markets Construction and Industrial Conference on Wednesday, April 6th, at approximately 9:20 a.m. Eastern time. One-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference. The presentation audio and slides may be accessed through a link on the investor relations page of MasTec's website at mastec.com. Interested parties should check the Company's website for any schedule updates, or time changes. The presentation will also be available for replay on the MasTec website for approximately 30 days.
MasTec, Inc. operates as a specialty contractor in the United States. It involves in the building, installation, maintenance, and upgrade of utility and communications infrastructure.
Biomass renewable organic material such as wood and agricultural residues comprises the oldest and most prevalent energy resource. Even today, biomass is the world’s most popular fuel for heating.
Cleantech Transit Inc. (OTC.BB:CLNO) announced in a recent press release that funding to be provided to Phoenix Energy for the commercialization of a 500 Kilowatt biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government. If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, Cleantech Transit will be entitled to receive its pro-rata share of 30% cash grant payments. Once the final interconnect process and application are complete the grant should be received within 60 days. The 5-year grant vesting period, means all parties must remain owner of record for that length of time, underscoring Cleantech and its partners’ commitment to this project and the host community.
The U.S. Treasury’s cash grant program was created to provide funding, in lieu of tax credits, for the development of clean energy projects and clean tech jobs nationwide. The Merced facility has already employed several individuals, both for the construction phase and subsequent plant operations once in service.
As previously announced, the full commercial operation of the first plant is expected to be completed during the second quarter of 2011.
Alex Holtermann, CEO of Cleantech, commented, “The structure of this cash back program will add more predictability to our financing needs. The cash back incentive program also applies for new projects, which can accelerate the installation of other plants this year.”
About Cleantech Transit Inc.
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 that can maximize shareholder value. 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 can generate shareholder returns as well benefit the Company’s manufacturing clients worldwide. For more information, visit www.cleantechtransitinc.com.
Solutia Inc. (NYSE:SOA) a global leader in performance materials and specialty chemicals, announced that Jeffry N. Quinn, chairman, president and chief executive officer, will address investors at the BB&T Capital Markets Commercial & Industrial Conference in New York City on Thursday, April 7 at 9:20 a.m. (EDT). A live audio webcast of the conference, along with the presentation slides and replay, will be available on the investors section of http://www.solutia.com.
Solutia Inc. engages in the manufacture and marketing of various chemical and engineered materials used in the consumer and industrial applications. It operates in three segments: Saflex, CPFilms, and Technical Specialties.
Hormel Foods Corp. (NYSE:HRL) announced that Scott Aakre has been named vice president of corporate innovation and new product development and Whitney Velasco-Aznar is joining the company and assuming Aakre’s previous position as vice president of marketing for Grocery Products.
Hormel Foods Corporation, together with its subsidiaries, produces and markets various meat and food products in the United States and Internationally. It offers meat products, including fresh, frozen, cured, smoked, cooked, and canned meat.
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