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Conergy Acquires Canadian Solar Company

Conergy AG (CGY.DE) has acquired Canada’s second largest solar company, ETI SOLAR Energy Technologies Inc. ETI has sales of market share of 10% and CAD5.4 million in sales. “In Conergy, however, we have found the ideal partner to allow us to grow into a leading provider of holistic regenerative energy solutions. In the future, we will be offering our customers the Conergy product range with its solar, wind and bioenergy systems that have been proven worldwide”, says Steve Wiebe, CEO. “The wide expanses of Canada frequently offer more than enough sunlight that can be utilised for supplying energy particularly also in regions situated far away from the public grid. In addition, Conergy also offers solar warmth, wind and bioenergy systems, which cover the demand for electricity, heating and cooling in the different climatic zones on a local basis far away from the traditional supply grids, “explains Ulrich Senft, Managing Director for Conergy.

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SunOpta Announces US$47.25M Financing

SunOpta Inc. (Nasdaq: STKL; TSX: SOY) is has agreed to sell 4,500,000 common shares in an underwritten offering to a group of underwriters led by Canaccord Adams in the US and Canada and including, in Canada, BMO Capital Markets, National Bank of Canada, Desjardins Securities Inc., and Octagon Capital Corporation. The price to the public will US$10.40 per share. Gross proceeds of the offering are expected to be approximately US$46.8 million and will be used to repay outstanding indebtedness. The closing of the offering is expected to occur on or about February 13, 2007, subject to the satisfaction of customary closing conditions.

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Forbes Names Color Kinetics Among 25 Fastest Growing Tech Companies

Color Kinetics Incorporated (Nasdaq: CLRK), a leading innovator of LED lighting systems and technologies, announced it is #22 on Forbes’ annual list of the country’s 25 fastest growing technology companies. Color Kinetics ranked #22 on the list with 35% EPS growth — the fourth highest rate among the winners — and 32% growth in five-year sales. The winners represent the top performers among 2,200 public U.S. tech stocks, and Color Kinetics was one of just 11 to land the distinction for the second consecutive year. Said Bill Sims, President and CEO, “Ten years ago, it may have been unthinkable for a lighting company to appear on a list of top performers in the technology sector, but we’ve shown that there’s more to our industry than bulbs and fixtures. We believe that LEDs will profoundly shape the future of light — not only in the way that it’s controlled and applied, but in mitigating strain on our energy resources and environment. The technologies and intellectual property at the core of our business will continue to help guide this exciting transformation,” said Sims. To qualify for the list, companies must have at least $25 million in sales, 10% annual sales growth for […]

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AMSC Reports Financial Results

American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, y reported financial results for its fiscal third quarter ended December 31, 2006. Revenues were $9.5 million, and the company’s net loss was $9.5 million, or $0.29 per share. In December 2006, the company announced that it expected revenues for the third quarter of approximately $9 million and a net loss of $9 million to $11 million as a result of funding delays from the U.S. Department of Energy (DOE) and a technical delay relating to the need to repair a crack in a non-superconductor component of the 36.5 megawatt motor being manufactured for the U.S. Navy. Revenues for the third quarter of the previous fiscal year were $13.5 million, and the company’s net loss was $7.5 million, or $0.23 per share. Revenues for the first nine months of fiscal 2007 were $33.1 million, and the company’s net loss was $23.2 million, or $0.71 per share. Revenues for the first nine months of fiscal 2006 were $36.6 million, and the company’s net loss was $19.8 million, or $0.61 per share. Earnings before interest, taxes, depreciation, amortization and stock-based compensation, or EBITDAS, was $(8.1 million) for the third quarter of fiscal […]

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