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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.
Cleantech Transit Inc. is pleased to provide additional details after achieving success on the 500 KW facilities and successfully moving past the interconnection testing stage.
Coming on the recent success at the 500KW facility in Merced, California this poises Phoenix Energy to become a leading developer of renewable biomass distributed generation plants that utilize local resources for local energy.
Cleantech will be providing details on the expecting closing date of its initial investment into Phoenix Energy in the coming weeks.
Biomass is used and produced throughout the world. It is the most inexpensive way of producing electricity. So far it looks like an inexhaustible natural resource. Biomass energy as a renewable energy source is capable of replacing fossil fuels. Agriculture biomass energy products add more worth to agricultural activities. The growth of biomass plants and crops produces oxygen and utilize more carbon dioxide present in the air. The use of solid waste from industry and municipality helps in lowering the amount of waste. The use of biomass energy can help lower the pressure of buying foreign oil.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
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."
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.
Gold's chemical symbol is Au. Gold is described and known as a precious metal. Gold's superior electrical conductivity, its malleability, and its resistance to corrosion have made it vital to the manufacture of components used in a wide range of electronic products and equipment, including computers, telephones, cellular phones, and home appliances.
Please Visit Siga Resources Inc website http://sigaresourcesinc.com
Mellanox Technologies, Ltd. (Nasdaq:MLNX) a leading supplier of end-to-end connectivity solutions for data center servers and storage systems, announced the availability of its performance-leading ConnectX-3 Virtual Protocol InterconnectÂ® (VPI) adapter ICs and cards, providing next-generation FDR 56Gb/s InfiniBand and 10/40GbE connectivity combined with the next-generation PCI Express 3.0 host bus for unprecedented scalability and fabric flexibility. ConnectX-3's innovative design, low power, and flexible protocol capability delivers the highest level of I/O throughput while reducing system power consumption and enabling cost-effective networking topologies, making it the preferred solution for high-performance computing, financial services, database, Web 2.0, virtualized data centers and cloud computing.
Mellanox Technologies, Ltd., a fabless semiconductor company, engages in the design, development, marketing, and sale of interconnect products based on semiconductor integrated circuits (ICs) in North America, Israel, Europe, and Asia.
AEP Industries Inc. (Nasdaq:AEPI) reported financial results for its second quarter ended April 30, 2011. Net sales for the second quarter of fiscal 2011 increased $32.9 million, or 15.2%, to $248.5 million from $215.6 million for the second quarter of 2010. Net sales for the six months ended April 30, 2011 increased $93.5 million, or 25.1%, to $466.3 million from $372.8 million in the same period of the prior fiscal year. The increases were the result of an increase in average selling prices primarily attributable to the pass-through of higher resin costs to customers during the comparable periods, combined with an increase in sales volume. The effect of foreign exchange on net sales during the three and six months ended April 30, 2011 was a positive impact of $1.0 million and $1.7 million, respectively, relating to the Company's Canadian operations.
AEP Industries Inc. engages in the production, manufacture, and distribution of plastic packaging products in the United States and Canada. The company offers a line of polyethylene, polyvinyl chloride, and polypropylene flexible packaging products for consumer, industrial, and agricultural applications.
AeroVironment, Inc. (Nasdaq:AVAV) announced it will issue financial results for the Company's fourth quarter and full fiscal year ended April 30, 2011, after the market closes on Tuesday, June 21, 2011. Management will host a conference call and live audio webcast to discuss the results at 1:30 p.m. Pacific Time that day. Hosting the call to review results for the fiscal fourth quarter will be Timothy E. Conver, chief executive officer, Jikun Kim, chief financial officer, and Steven A. Gitlin, vice president of investor relations.
AeroVironment, Inc. designs, develops, produces, and supports unmanned aircraft systems (UAS), and efficient energy systems for various industries and governmental agencies. Its UAS provide intelligence, surveillance, and reconnaissance, including real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual war fighter.
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