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Cleantech Transit Inc. (OTCPK:CLNO)
As the fastest growing renewable energy industry, biofuels offer manufacturers a low-cost, sustainable and proven energy source.
As political and social pressure mounts to adopt more sustainable energy practices, there has been a burst of research aimed at developing new energy sources and improving existing technologies. One of those existing technologies is biomass, which has exploded in popularity for a number of reasons.
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 could maximize shareholder value.
Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit Inc. recently announced that the previously announced 500 KW biomass gasification facility located in Merced, California has successfully passed its interconnection tests and is now connected to the utility distribution grid.
The gasification technology uses a non-combustion process to convert Ag and other woody residues into a hydrogen rich gas ("syngas"), which is then converted into electricity, along with heat and biochar (a useful byproduct that captures carbon in solid form and can be used as a soil amendment).
The Phoenix Energy technology used in Merced essentially cooks the biomass in an oxygen-deprived environment to release the elemental gasses from the wood. In the process biomass is converted into a carbon rich biochar. With the carbon fixed in solid form this process not only provides a valuable soil amendment but also serves as a source of carbon sequestration.
The Merced plant is expected to produce enough electricity to power about 400 homes. The plant connected to the electricity grid under California's feed-in-tariff with a 15-year power purchase agreement.
For more information about CLNO, visit www.cleantechtransitinc.com
ScanSource, Inc. (Nasdaq:SCSC) the leading value-added distributor of specialty technology products, announced plans to participate in the following investor conference: KeyBanc Capital Markets' Industrial, Automotive & Transportation Conference; Mike Baur, CEO, Rich Cleys, CFO, Wednesday, June 1, 2011 at noon ET.
ScanSource, Inc. operates as a wholesale distributor of specialty technology products to resellers. ScanSource, Inc. was founded in 1992 and is based in Greenville, South Carolina.
Verisk Analytics, Inc. (Nasdaq:VRSK) announced that the Verisk Catastrophe Index(TM) has expanded to cover U.S. earthquake risk, including fire following earthquake. The Verisk Catastrophe Index provides reliable, transparent, industrywide insured property loss estimates by county and line of business based on data from ISO's Property Claim Services(R) (PCS(R)) unit and AIR Worldwide(R) (AIR), two subsidiaries of Verisk Analytics.
Verisk Analytics, Inc. provides data, analytics, and decision-support services for professionals in property/casualty insurance, finance, risk management, real estate, healthcare, government, and human resources fields.
Global Crossing Ltd. (Nasdaq:GLBC) a leading global IP solutions provider, announced it will expand its Global Crossing EtherSphere™ Virtual Private LAN Services (VPLS) to more than 40 new locations in the United States, Europe and China by the end of 2011. Global Crossing's EtherSphere family of Wide Area Network (WAN) transport services - including multipoint-to-multipoint, point-to-multipoint and point-to-point solutions (known to the industry as VPLS E-LAN, EVPL and E-LINE, respectively) - is ideal for interconnecting data centers and remote locations and is especially beneficial for backup and disaster recovery implementations. EtherSphere services are available as carrier and enterprise offers in North America, Europe, the United Kingdom, Asia and Latin America.
Global Crossing Limited operates as a communications solutions provider primarily in North America, Europe, Latin America, and the Asia/Pacific region. The company was founded in 1997 and is based in Hamilton, Bermuda.
Siga Resources Inc (OTCPK:SGAE)
Siga Resources Inc announced that Siga has come to an agreement with Big Rock Resources Ltd. whereby the two companies will develop the Lucky Thirteen gold placer claim under a 50/50 joint venture.
Big Rock Resources Ltd. (1BR.F, ISIN CA0894851066, WKN A1JJYB www.bigrockresources.com) has agreed to fund the initial evaluation program for $400,000 USD, and provide funding up to $8.5 million USD to place the property in full production. The partners will operate Lucky Thirteen under a Joint Venture company, Lucky 13 Mining Company Ltd., owned 50/50 by Siga and Big Rock. Lucky 13 Mining Company Ltd. will be the operator. Siga has already secured the initial operating permits for the necessary rail crossing and initial test mining. Siga is currently constructing the washing and initial process plant to be used in the evaluation program. Siga's President Ed Morrow said that "Siga is most pleased to have Big Rock Resources as a Joint Venture Partner. The combined power of the partnership will facilitate the rapid development of a production operation at Lucky thirteen."
Gold has always equaled beauty, wealth and power. Since its discovery, in ancient times, gold has become the first widely known metal and the most cherished among precious metals. Gold is a remarkable presence in our society, whether we think of value, jewelry, computers, powerful engines or even medicines and food.
Gold had fascinated our ancestors long ago. Primarily, it was easy to find it from a geological viewpoint; they soon discovered it was also very easy to work and resistant to corrosion. Its natural beauty as well as its unique intrinsic structure turned it into the widest known metal. It was also linked to a variety of symbolism and ideologies.
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.
For more information about Siga Resources Inc visit at http://sigaresourcesinc.com
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