BROADWIND ENERGY INC – To supply Towers to Nordex
Broadwind Energy, Inc. (OTCBB: BWEN) is trading down .59% following the Company’s August 19, 2008 announcement that that its wholly-owned subsidiary, Tower Tech Systems, Inc., has signed a contract with Nordex USA, Inc. to manufacture wind tower sections. Another Broadwind subsidiary, Badger Transport, Inc., received a contract to deliver the sections to various Texas locations for Nordex.
These contracts mark the first for Broadwind with Germany-based Nordex, one of the world’s leading turbine suppliers.
The four-section towers will support N90/2500 kW turbines. Tower Tech expects to supply the first Nordex sections in early 2009. The integrated order represents the first time Broadwind has included logistics coordination in its service package and is the first order for Tower Tech’s new plant in Abilene, Texas. Broadwind announced construction of the Abilene facility, along with a second facility in Sioux Falls, S.D., in May 2008. Both facilities are expected to be operational in the first quarter of 2009. To read the entire story, click here:
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COMPOSITE TECHNOLOGY CORPORATION – Announces Sells ACCC Conductors to China
Composite Technology Corporation (CTC) (OTC BB:CPTC) is trading up .89% following the Company’s August 19, 2008 announcement of new orders for immediate delivery for its subsidiary CTC Cable. The order issued by Far East Composite Technology Company, a subsidiary of Jiangsu New Far East Cable Corporation (Far East), is made up of two core sizes with associated hardware for 230 kilometers to be used on transmission projects for State Grid in China as well as provincial power bureau projects. This is a continuation of the flow of orders from China, where the use of ACCC* conductor has been widely adopted. To read the entire story, click here:
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LDK SOLAR CO LTD & APPLIED MATERIALS INC. – Ink $220 Million Supply Deal
LDK Solar Co., Ltd, (NYSE: LDK) is trading up .90% and Applied Materials Inc. (Nasdaq: AMAT) is trading off 1.35% following an August 19, 2008 joint announcement that LDK, a leading manufacturer of solar wafers, awarded a US$220 million contract to Applied Materials to provide precision wafering systems to support its next phase of production expansion. The systems are scheduled to begin shipping to LDK Solar’s facility in Xinyu, PRC, in early 2009, and will support LDK Solar’s previously announced plans to expand to 3.2GW annualized wafer capacity in 2010.
“We believe that Applied’s state-of-the-art wafering systems, including its HCT wire saws and squarers, are the best choice to help us scale up capacity to meet the expanding global demand for wafers,” stated Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar. “We have used HCT wire saws since the beginning of our manufacturing operations in 2006, and they have continued to demonstrate the performance necessary to deliver high-quality, cost-effective wafers to our customers.” To read the entire story, click here:
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HYDROGENICS CORPORATION – To Provide Fuel Cell Backup System to Data Center
Hydrogenics Corporation (Nasdaq: HYGS), a leading designer and manufacturer of hydrogen electrolyzers and fuel cell systems, is trading up 6.96% following the Company’s August 1, 2008 announcement that that APC by Schneider Electric, a global leader in integrated critical power and cooling services, will soon launch an extended-run back-up power system powered by Hydrogenics’ HyPM XR Fuel Cell Power Modules. The Fuel Cell Extended Run (FCXR), developed in collaboration with Hydrogenics, provides uninterruptible back-up power for mission-critical applications. To read the entire story, click here:
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USEC INC – Highlights Job Creation with American Centrifuge Project
USEC Inc. (NYSE:USU) is trading up 1.25% following the Company’s August 19, 2008 announcement that its American Centrifuge project is creating thousands of jobs at sites across the United States and helping rebuild America’s nuclear manufacturing base. USEC’s suppliers are adding jobs and building new facilities to manufacture centrifuge machine parts and support systems for the American Centrifuge Plant in Piketon, Ohio. Plant construction and machine assembly and testing will create additional jobs.
USEC estimates that the American Centrifuge Plant will create approximately 3,300 direct and indirect jobs in Ohio, and more than 3,000 direct and indirect jobs at manufacturing sites across the United States. To read the entire story, click here:
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