ZAAP INC – In high level negotiations for Kentucky manufacturing
ZAP Inc (OTCBB: ZAAP) is trading up 2.56% following the Company’s August 18, 2008 announcement that Randall S. Waldman and Larry Cottingham of Integrity Manufacturing LLC are in Santa Rosa, California today for meetings with the management of the electric vehicle pioneer.
Integrity Manufacturing has been working with the State of Kentucky to help provide incentives to attract more manufacturing and assembly to the state. On Friday The Kentucky Economic Development Finance Authority gave preliminary approval for $68 million in state incentives for a large-scale manufacturing initiative with Integrity. The project is expected to bring economic development, new factory production and up to 2,500 jobs to Kentucky.
Integrity Manufacturing has become a US manufacturing success story and is one of the fastest growing companies in Kentucky. According to Integrity, they have achieved rapid growth in the past year by offering competitive manufacturing to products once made in China and other overseas markets. To read the entire story, click here:
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LITHIUM TECHNOLOGY CORPORATION – Inks Marketing Deal
Lithium Technology Corporation (”LTC”) (Pink Sheets: LTHU) is trading up 2.5% following the August 18, 2008 announcement that the Company and Hybrid Racing AG have entered into an agreement to market specialized lithium-ion batteries to power advanced vehicles for the motor sports industry. The applications will include batteries for cars, boats and planes to be used in consumer and professional racing vehicles.
After the successful integration of the plug-in hybrid electric vehicle (”PHEV”) Apollo/HHF Hybrid Concept car (”HHCC”) made by Gumpert and operated by Mr. Heinz-Harald Frentzen, President of Hybrid Racing AG and ex-Formula One (F1) racer and 1997 vice world champion, the parties concluded that there is an immediate need for LTC’s unique and innovative products in the advanced motor sports world. To read the entire story, click here:
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VIASPACE INC. - Releases New Vehicle Battery Pack for Sale
VIASPACE Inc. (OTCBB: VSPC) is trading down 2.78% following the Company’s August 18, 2008 announcement that the “company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions’,” Light Electric Vehicle (LEV) battery pack is now available for sale. The first battery pack has been delivered for evaluation to an electric bike (eBike) manufacturer. The pack is based on special cells produced by VIASPACE partner, Yoku of Hong Kong. Until now, most eBike batteries have been made from lead-acid cells similar to those used to start automobiles. Lead acid cells are heavy, bulky, and need to be replaced often.
The VIASPACE Lithium Polymer batteries are four times lighter, and nearly three times smaller than lead-acid batteries, and they also demonstrate much greater life. This weight and space savings is critical to eBike handling and style, providing users with a powerful boost while keeping the eBike light, good looking, and easy to handle. A single small battery pack yields a 40 mile range, and a pack the size of the current lead acid battery will yield over 100 miles. The eBike can be simply recharged by plugging in to a standard electrical plug. To read the entire story, click here:
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BIOSOLAR INC – Garners National Media Attention for BioBacksheet Breakthrough
BioSolar, Inc. (OTCBB:BSRC) is trading flat following the Company’s August 18, 2008 announcement that it has been featured in several high-profile media reports following its recent announcement that materials derived from cotton and castor beans compose the company’s proprietary BioBacksheet™, a protective covering, traditionally made from expensive petroleum-based film, used in the back of virtually all photovoltaic solar cells.
“After two years of secrecy, BioSolar unveils a bio-based protective sheet for solar cells that it hopes will give chemical giant DuPont some competition,” reported GreenTech Media only minutes following the company’s official announcement at the SPIE Symposium on Solar Applications and Energy conference on Tuesday, August 12, 2008 in San Diego, CA.
“BioSolar has developed a plant-based plastic for making durable, less expensive and more sustainable solar equipment,” reported CNET on August 12 in its “Green Tech” section, dedicated to news of innovation in energy and environmental technologies.
Hailed by Scientific American on August 13 as “cleaner than clean energy,” BioSolar’s BioBacksheet™ technology “rids solar energy of carbon,” according to coverage by wire service United Press International on August 14. To read the entire story, click here:
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ADVANCED BATTERY TECHNOLOGIES, INC – Raising $9.5 Million Through $4.25 Warrants
Advanced Battery Technologies Inc. (NasdaqCM:ABAT) is trading up .45% following the Company’s August 18, 2008 announcement that certain institutional accredited investors have exercised the warrants issued to them on Monday, August 11 to purchase 2,235,302 shares of common stock at a price of $4.25 per share, resulting in gross proceeds to the company of $9.5 million, before deducting placement agent fees and other offering expenses. The investors in this private placement will also receive five-year warrants to purchase up to 1,005,884 additional shares of common stock at an exercise price of $5.51 per share. To read the entire story, click here:
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SUNTECH POWER HOLDINGS – Completes Nitol Solar Equity Purchase
Suntech Power Holdings Co., Ltd. (NYSE: STP - News), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, today announced it has completed the final round of its $100 million in aggregate purchase of a minority interest in Nitol Solar, an independent polysilicon producer. In conjunction with the completion of the transaction, Suntech also announced that it was pleased with the test results from the initial batches of polysilicon that it has received from Nitol. To read the entire story, click here:
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