VALENCE TECHNOLOGY - Secures $2 million Order for Scooter Batteries
Valence Technology, Inc. (NASDAQ: VLNC), an international developer of safe lithium phosphate energy storage solutions, is trading up 5.48% following the Company’s August 26, 2008 announcement that it has expanded its relationship with Oxygen SpA, a company based in Padua, Italy, and a leader in the development, production and distribution of light electric vehicles. As part of a recently signed $2 million purchase order, Valence will supply lithium phosphate battery systems over the next four months to power Oxygen’s innovative, all-electric Cargoscooter. Shipments to Oxygen have already begun.
“With over 500 Cargoscooters already on the road utilizing our energy storage technology, we are delighted to build on this successful relationship with Oxygen,” said Alastair Johnson, Vice President, Worldwide Sales and Marketing for Valence. “This purchase order signals Oxygen’s commitment to incorporate Valence solutions across their product line.” To read the entire story, click here:
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CONSTELLATION ENERGY - Announces Analyst Call
Constellation Energy (NYSE: CEG) is trading up 2.62% following the Company’s August 26, 2008 announcement that it will host a Financial Analyst Meeting on Aug. 27, 2008, beginning at 3:00 p.m. The agenda for the presentation is as follows:
To participate, analysts, investors, media and the public in the U.S. may dial (888) 790-3290 shortly before 3:00 p.m. The international phone number is (773) 681-5899. The conference password is ENERGY. A replay will be available approximately one hour after the end of the meeting by dialing (888) 568-0353 or (203) 369-3908 (international). To read the entire story, click here:
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ARCHER DANIELS MIDLAND - Teams with Deere and Monsanto on new Biofuel
Archer Daniels Midland Company (NYSE: ADM) is trading up .62% after the August 26, 2008 joint announcement by the company along with Deere & Company (NYSE: DE ) and Monsanto Company (NYSE: MON) that they have agreed to collaborate on research to explore technologies and processes to turn crop residues into feed and bioenergy products.
The companies will work together to identify environmentally and economically sustainable methods for the harvest, storage and transport of corn stover — the stalks, leaves and cobs of corn plants. Corn stover can be used in feed for animals, as biomass to generate steam and electricity or as a cellulosic feedstock for biofuel production.
By creating feed and energy products from crop byproducts, farmers can produce more products without farming more acres, and increase the value derived from each acre.
Stover is usually left on the field, where, in proper amounts, it helps reduce soil erosion and build up soil organic matter. A 170-bushel-per-acre corn crop, which was the average last year in Iowa, also produces about four dry tons of stover. The United States Department of Agriculture forecasts that in 2008, farmers will harvest 12.3 billion bushels of corn, resulting in approximately 290 million tons of stover. To read the entire story, click here:
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SOUTHRIDGE ENTERPRISES - Receives Funding for Construction project
Southridge Enterprises, Inc. (OTCBB: SRDG) is trading up 23.33% following the Company’s August 25, 2008 announcement that the Company’s subsidiary, Southridge Brasilia Corp. (”SBC”), has received a total of $7,500,000 from its project partners for the construction of the ethanol facility in Brazil.
Southridge director, Mr. Marcio Santos, has been working closely with our Brazilian partners Durmundo Carasca SA (DCSA) and Briskul Transaccao LTDA (BTL) in the development of the Company’s plant in Brazil. DCSA has now completed their $5,000,000 contribution for their 15% interest in the new facility. In addition, BTL has exercised their option to increase their position in SBC for an additional $3,270,000, bringing their total interest to 35%. To read the entire story, click here:
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