ZAP – teams with Sonoma County to switch to electric vehicles
ZAP (OTC BB:ZAAP) is trading up 16.67% following the local electric vehicle manufacturer’s July 31, 2008 announcement that it has teamed up with The Sonoma County Water Agency on a plan to make Sonoma County on California’s North Coast a leader in reducing carbon emissions through the use of electric transportation.
For Sonoma County Water Agency employees, ZAP is offering a rebate as an additional incentive to rebates being offered by the State of California. The cash rebates are designed to encourage Agency employees to start using electric vehicles. ZAP will be offering $1,400 rebate for a ZAP Xebra electric truck as well as $1,270 for a ZAP Xebra electric sedan. Both of these vehicles also qualify for a $1,000 rebate from the State of California, which is available to qualified buyers and subject to certain terms and conditions (see http://www.fuelingalts.energycenter.org). ZAP will also be offering County water agency employees a $500 rebate on its Zapino Electric Scooter. To read the entire story, click here:
EXELON CORPORATION – releases report on economic impact of nuclear power plant on region
Exelon Corporation (NYSE: EXC) is trading down 1.22% following the Company’s July 31, 2008 report that the construction and operation of Exelon’s proposed nuclear power facility in Victoria, Texas would employ more than 700 high-paid workers and create more than 6,500 ancillary jobs in the Victoria area. Total local spending would increase by more than $2 billion each year, according to a recent 65-page study by The Perryman Group, an economic and financial analysis firm based in Waco, Texas.
According to the report, if Exelon moves forward with the project, not only will the nuclear power facility contribute substantial electricity generation capacity to ensure a more stable supply of affordable power in Texas, it will also enhance fuel diversity in the state’s energy mix, reduce greenhouse gas emissions and create an economic engine for the region through gains from the construction, development and operation of the facility.
“Any business investment produces spin-off effects, which ripple through the economy,” Dr. Ray Perryman, president of The Perryman Group, said. “For example, construction of the nuclear facility will likely involve input from a variety of industries such as engineering services, construction equipment rentals, security, legal services, building supplies, landscaping, janitorial services, and many more.” Once the facility is operational, a similar “multiplier effect” will magnify the plant’s benefits to Victoria and to the entire state. To read the entire story, click here:
SUNTECH POWER HOLDINGS – inks deal for 260MW of silicon wafers over the next 5 years.
Suntech Power Holdings Co., Ltd. (NYSE: STP ), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, is trading down 1.09% following the Company’s July 30, 2008 announcement that it and PV Crystalox Solar PLC (”Crystalox”), a specialist multicrystalline solar wafer manufacturer, have signed an initial five-year silicon wafer supply agreement with predetermined prices and volumes. Under the agreement, PV Crystalox Solar will supply Suntech with a total of 260MW of silicon wafers from 2008 to 2013.
Headquartered in Oxfordshire, England, Crystalox is a highly specialized wafer supplier to the world’s leading solar cell manufacturers. The Group was one of the first to develop multicrystalline technology on an industrial scale, setting the industry standard for ingot production. Crystalox is currently developing a 1,800MT solar grade polysilicon production facility in Germany.
“PV Crystalox Solar is well recognized for its expertise in the production of silicon wafers, and we are very pleased to initiate this relationship. Aside from silicon, many of Suntech’s key equipment and materials originate in Europe including PV cell and module manufacturing equipment, module backsheets and adhesives. This global sourcing strategy is reflective of our complete commitment to quality and supports our ability to deliver premium quality solar products,” said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. To read the entire story, click here:
EVOLUTION SOLAR CORP – Acquires Hong Kong R&D Company
Evolution Solar Corp. (Pink Sheets: EVSO ) is trading up 4.91% following the Company’s July 30, 2009 announcement that it has acquired Synergy Design and Development Company Limited, a Hong Kong R&D and Procurement Company based in Shanghai, China. Evolution Solar most recently announced its plans to develop alternative energy technologies using thin film solar panels.
“The acquisition of Synergy should give Evolution Solar an edge over the competition in sourcing materials and the manufacturing process of photovoltaic technology,” stated Robert Kaapke, CEO of Evolution Solar. “The historical growth within the solar industry is creating a huge demand on suppliers and manufacturers in the market.” To read the entire story, click here:
U.S. SUSTAINABLE ENERGY – Admits SEC litigation by announcing they hired an attorney to defend against fraud charges.
U.S. Sustainable Energy Corp. (Pink Sheets: USSE) is trading flat following the Company’s July 31, 2008 public statement that it is “pleased to announce today that it has engaged Thomas Gorman of Porter Wright Morris & Arthur to respond to the recently filed SEC litigation matter against the Company and John Rivera, the Company’s Chief Executive Officer.” To read the entire story, click here:
The announcement is the first public disclosure by the company that there has been an ongoing investigation underway by the SEC since May 3, 2008. On July 5, 2008, the SEC disclosed that it had filed suit to enforce the investigative subpoena it has served on the Company and John D. Stanton, a resident of Florida. To read the SEC announcement, click here: http://www.sec.gov/litigation/litreleases/2007/lr20182.htm
On July 18, 2008, the SEC filed suit against the company alleging , among other claims, that “between October 2006 and February 2007, Rivera caused USSE to issue false and misleading press releases regarding the company’s business and technology to convert soybeans into biofuel.” To read the entire complaint, click here: http://www.sec.gov/litigation/litreleases/2008/lr20648.htm
CYCLONE POWER TECHNOLOGIES – teams up to bring prototype to market
Cyclone Power Technologies (Pink Sheets: CYPW) is trading up 16% following the Company’s July 31, 2008 announcement that it has teamed up with the Florida Manufacturing Extension Partnership (MEP) to assist the company in bringing its award-wining Cyclone Engine from prototype to production.
With their unique public and private resources, the Florida MEP team will work with Cyclone to facilitate the late-stage development of the company’s eco-friendly, multi-fuel capable engine. Over the long term, the MEP will be able to assist Cyclone in developing a streamlined and state-of-the-art manufacturing facility, capable of competing in today’s highly competitive environment. To read the entire story, click here:
