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Cleantech Transit Inc. (OTCPK:CLNO)
Cleantech Transit Inc. is in the business of producing and conserving power. It produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind.
Biomass means and signifies that, the organic substances materials derived from plants and animals. It is a chemical composition of carbon, organic hydrogen molecules, and atoms of oxygen, nitrogen and alkaline earth. Plants are the initial and first absorbents of energy made available and provided by the sun, and when animals consume, eat plants, and then it becomes animal biomass.
Cleantech Transit Inc. recently announced 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. Once the final interconnect process and applications 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 Company announced, the full commercial operation of the first plant is expected to be completed during the second quarter of 2011.
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 can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
D. Medical Industries Ltd. (Nasdaq:DMED) a medical device company engaged through its subsidiaries in the research, development, manufacture and sale of innovative products for diabetes treatment and drug delivery, announced that its subsidiary, Spring-Set Health Solutions Ltd. (formerly "Medx-Set Ltd."), has received a medical device license to market its Spring™ Universal Infusion Sets (formerly "Lighty DD Infusion Sets") in Canada.
D. Medical is a medical device company engaged through its subsidiaries in the research, development, manufacture and sale of innovative products for diabetes treatment and drug delivery. D. Medical has developed durable and semi-disposable insulin pumps, which continuously infuse insulin into a patient's body, using its proprietary spring-based delivery technology.
DealerTrack Holdings, Inc. (Nasdaq:TRAK) announced that General Motors has certified DealerTrack's Customer Relationship Management (CRM)/Internet Lead Management (ILM) system for use by General Motors dealers using the DealerTrack Dealer Management System (DMS).
DealerTrack Holdings, Inc., through its subsidiaries, provides on-demand software solutions to automotive retail industry in the United States and Canada. The company was founded in 2001 and is headquartered in Lake Success, New York.
Deckers Outdoor Corp. (Nasdaq:DECK) announced that it has signed a definitive asset purchase agreement to acquire the Sanuk™ brand, an innovative action sport and adventure footwear brand known for its original sandals and shoes and irreverent marketing. The acquisition includes certain assets and liabilities of Sanuk U.S.A. LLC and of C. & C. Partners, LTD., the exclusive licensee for the Sanuk brand in the United States, Europe and Canada. The total purchase price for the assets of both companies related to the Sanuk brand is an initial payment of approximately $120 million in cash subject to certain post-closing adjustments, and includes additional participation payments based upon performance over the next five years. The combined businesses generated in excess of $43 million of unaudited net sales in 2010. Based on the expected closing in the third quarter of 2011, due to the seasonality of the business Deckers expects the acquisition of Sanuk to be modestly accretive to earnings for 2011, before transaction costs. Sanuk will remain headquartered in Orange County, California and senior management will continue to manage the brand.
Deckers Outdoor Corporation engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. The company was founded in 1973 and is headquartered in Goleta, California.
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