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AFV Solutions Raises $4.7M

AFV Solutions, Inc. (OTCBB:AFVS), has closed a private placement amounting to approximately $4,750,000. “Completion of this private placement gives us the necessary working capital to support our operations for at least the next 24 months,” stated Jeff Groscost, President of AFVS. “With this new capital, we plan to commence hiring additional employees and aggressively seek to expand our operations.” AFV Solutions also announced a new Southern California showroom, which will be primarily utilized for showcasing its products, including the Electric bus produced by the Wu Zhou Long Motors Group of Shenzhen China, anticipated to be in the showroom by the end of May. The new 6,000 Sq ft facility will provide Nelson Barba, Head of International Sales, the ability to build a sales force to distribute and sell CNG, LPG and electric hybrid buses under the exclusive agreement between AFV Solutions and Shenzhen Shi Wu Zhou Long Motors. AFVS has an exclusive sales and marketing agreement in Mexico, Peru, India, the Philippines, and most importantly, the United States. AFV Solutions will be hosting a grand opening at the showroom on June 9th open to the public and local media to view and ride in the company’s buses, electric cars, and […]

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Clean Diesel Reports Q1 Results

Clean Diesel Technologies, Inc. (EBB: CDTI, AIM: CDT/CDTS & XETRA: CDI), a developer of technological solutions to reduce harmful engine emissions, increased revenue by 40% for the first quarter (compared to Q1 2005)to $269,000. Net loss for the quarter was $1,584,000 ($0.06 loss per share), compared to the previous year of $1,184,000 ($0.07 loss per share). Platinum Plus fuel borne catalyst (FBC) sales and other revenue increased in the first quarter of 2006. Clean Diesel has won several new customers in Europe and the US, and also is seeing strong additive growth from the U.S. mining sector. Dr. Bernhard Steiner, President and CEO, commented: “The Company continues to see a growing demand for its technologies. Recent interest in alternative energy, pending emission reduction requirements in the United States, Europe and Asia, and growing environmental activity, are providing Clean Diesel with global opportunities. Clean Diesel is now operating on four continents and rapidly expanding its partner and customer base to address demand.” Dr. Steiner added: “With the looming 2007 – 2010 emission reduction requirements for NOx and particulate matter, Clean Diesel’s technologies have gained substantial interest and acceptance with original equipment manufacturers and Tier one suppliers. As a result, Clean Diesel […]

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Weekly Clean Energy Roundup:May 10, 2006

News and Events U.S. Wind Power Growth Expected to Set New Records This Year Pennsylvania Assists Small Wind Power Developments GM, DaimlerChrysler, and BMW Preview New Hybrid Technology Northeast-Based Green Car Rally Takes on a National Flavor DOE Helps Develop an Energy-Efficient Hot Water Heater Energy and Architecture Groups Pursue Green Office Buildings Energy Connections EIA: Costly Crude Oil to Buoy Gasoline Prices Through 2007 News and EventsU.S. Wind Power Growth Expected to Set New Records This YearThe U.S. wind energy industry is on track to install a record-breaking 3,000 megawatts (MW) of wind power this year, according to the American Wind Energy Association (AWEA). More than 400 MW of new plants have already been brought online since January, including the 150-MW Shiloh Wind Farm in California, the 60-MW Spring Creek Wind Farm in Colorado, and the 60-MW first phase of the Maple Ridge project in upstate New York. In addition, Hawaii and New Jersey gained their first utility-scale wind projects, as enXco, Inc. completed a 10.56-MW facility on the Big Island and Community Energy, Inc., Babcock and Brown, and CH Energy Group, Inc. began commercial operation of the 7.5-MW Jersey-Atlantic Wind Farm in Atlantic City. The current record for […]

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Northern Power Awarded $2.7M PEMEX Contract

Northern Power, a subsidiary of Distributed Energy Systems Corp. (Nasdaq: DESC), has been awarded a $2.7 million contract by Instalaciones Electromecanicas, Civiles y Electricas, S.A. de C.V. (IECESA), a systems integration service company based in Cd. del Carmen, Campeche, Mexico, to design, fabricate, integrate and install independent MT-Power(TM) remote power systems for two new offshore crude oil & natural gas production platforms in the Gulf of Mexico. The new systems will supply reliable power to two new oil production platforms for the critical communications and supervisory control and data acquisition (SCADA) systems that must be functional at all times. These capabilities include radios, video, process controls, fire and gas, and emergency shutdown systems, as well as water pumps, filters and air conditioners. The projects are part of IECESA’s work on behalf of Petroleos Mexicanos (PEMEX) — the state-owned petroleum company of Mexico. The world’s ninth largest integrated oil company, PEMEX currently operates approximately 190 platforms in the Gulf of Mexico. Second Contract Win for Microturbine-Based System The MT-Power systems will incorporate TA-30 and TA-60 Class 1, Division 2 (C1D2) hazardous environment microturbines from Elliott Energy Systems. The IECESA project is the second contract win for Northern Power since the launch […]

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