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Cleantech Transit Inc. (OTCPK:CLNO)
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. 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 is a renewable energy resource derived from the carbonaceous waste of various human and natural activities. It is derived from numerous sources, including the by-products from the timber industry, agricultural crops, raw material from the forest, major parts of household waste and wood. Biomass can easily be converted from its natural form into concentrated, high energy fuels such as alcohols or a type of gas that is virtually identical to natural gas. These fuels are relatively clean burning when compared with the fossil fuels in use today.
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.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
Timken Co. (NYSE:TKR) announced an agreement to acquire the assets of Philadelphia Gear Corp., a leading provider of high-performance gear drives and components with a strong focus on value-added aftermarket capabilities in the industrial and military marine sectors, for $200 million.
The Timken Company develops, manufactures, markets, and sells anti-friction bearings and related products and steel products primarily in the United States and Europe. The Timken Company was founded in 1899 and is headquartered in Canton, Ohio.
Assured Guaranty Ltd. (NYSE:AGO) announced that Dominic Frederico, President and Chief Executive Officer, is scheduled to present at the Deutsche Bank 2011 Global Financial Services Investor Conference at The Pierre Hotel in New York City on Wednesday, June 8, 2011 at 8:05 a.m. Eastern Time.
Assured Guaranty Ltd., through its subsidiaries, provides credit enhancement products to the public finance, structured finance, and mortgage markets in the United States and internationally. Assured Guaranty Ltd. was founded in 2003 and is based in Hamilton, Bermuda.
Bunge Limited (NYSE:BG) announced that its Board of Directors has approved an 8.7% increase in the company's regular quarterly cash dividend, from $0.23 to $0.25 per common share. The new dividend is payable on September 2, 2011, to shareholders of record on August 16, 2011. The company also declared a quarterly cash dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares, payable on September 1, 2011, to shareholders of record on August 15, 2011.
Bunge Limited engages in the agriculture and food businesses in approximately 30 countries. The company was founded in 1818 and is headquartered in White Plains, New York.
HONDO MINERALS CORP (OTCPK:HMNC)
Hondo Minerals Corporation is engaged in the acquisition of mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals.
Silver is one of the most major and precious metals. The usage of silver came into being sometime between 8,000 and 10,000 years ago. Although it may have been even earlier - records vary. Certainly we can go back to the early Egyptian period and the time of the Sumerian Civilization. The convenience and use of silver in the coinage of the world has always lent great respectability to the commodity. And, of course, created a consistently high demand. Tragically, many a beautiful silver dinner service has been melted down to provide coinage for the troops.
Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the largest producing silver mine in Arizona history. The Tennessee Mine operated from the late 1800's until 1947 producing lead, zinc, gold and silver. The Company also owns numerous other mining claims in the US Southwest, which are being evaluated for additional reserves.
HONDO MINERALS CORP (OTCPK:HMNC) is pleased to announce that it has just acquired over $500,000 dollars of additional E-Leech equipment for its Tennessee Mine production facility.
William R. Miertschin Chairman and CEO of Hondo Minerals says, "This purchase a long with the $2.4 million dollars of previously announced equipment demonstrates our continued efforts to invest real dollars in this project to increase shareholder value."
Mr. Miertschin went on to say, "All of this newly acquired equipment will allow the company the ability to reach its production and revenue targets 6 to12 months ahead of schedule, and with the advanced technology of E-Leech Hondo Minerals is posed to set new standards while obtaining optimum results from its exclusively licensed mining process."
E-Leech technology is a patent pending process that creates a leaching process without the use of hazardous chemicals such as cyanide at its Tennessee Mine processing plant.
Toxic chemicals previously used such as Hydrochloric and Nitric Acid are replaced with a water-based and pH adjusted medium to leach precious and base metals from mine tailings that is safe to humans and the environment.
Electrochemical processes are used to generate pH levels low enough to leach metals such as Gold, Silver, Zinc and Rare Earths into a solution for recovery at an extremely low cost per ton.
For more information please visit: http://www.hondominerals.com
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