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SunOpta Inc. Announces Exclusive Distribution Agreement for Acai Fruit Pulp

SunOpta Inc. (NASDAQ:STKL; TSX:SOY) announced today that Organic Ingredients Inc., a division of the SunOpta Fruit Group, has signed an exclusive agreement with Sambazon Acai, a San Clemente, California-based company, for the bulk distribution of organic Acai (pronounced: ah-sigh-ee) pulp to food and beverage manufacturers in North America. Acai is a dark purple berry that is rich in nutrients and grows atop the millions of palm trees in the Brazilian Amazon. The fruit is wild-harvested by local farmers and processed into a fruit pulp which is quick frozen to retain its nutritional properties. Acai berries contain a very high concentration of anthocyanins, the same antioxidants that give red wine its health benefits, as well as generous amounts of protein, fiber, and omega-6 and omega-9 fatty acids. For those reasons, the Acai fruit has been gaining considerable popularity worldwide. Jeremy Kendall, Chairman and CEO of SunOpta Inc., stated, “We are pleased to partner with Sambazon Acai to broaden the distribution of this remarkably nutritious food on the North American continent. The addition of Acai to our already extensive line of natural and organically grown foods and food ingredients provides us with another very unique food source that offers a healthy ingredient […]

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Timberland to Acquire SmartWool Corporation

The Timberland Company (NYSE: TBL) announced that it signed a definitive agreement today to acquire 100% of the outstanding stock of SmartWool Corporation, from RAF Industries, Inc. and the Stripes Group LLC. SmartWool, a privately held company based in Steamboat Springs, Colorado, designs, develops, markets and distributes performance socks, apparel and accessories for men, women and children. The purchase price is estimated to be approximately $82 million and will be funded through Timberland’s existing cash balances and short-term borrowings. The SmartWool organization will continue to be headquartered in Steamboat Springs, Colorado and will operate as a wholly-owned subsidiary of The Timberland Company under the leadership of Chip Coe, SmartWool’s President. Founded in 1994 by New England ski instructors who saw the potential for developing performance-based products for outdoor activities, SmartWool originated the outdoor-based merino wool sock market and has expanded its offering beyond socks to premium wool-based apparel and accessories. SmartWool products are available in over 2,000 outdoor specialty stores throughout the United States and through independent distributors in Canada, Europe and Asia. SmartWool and Timberland partnered in early 2005 to develop and market performance footwear featuring SmartWool linings. SmartWool’s 2005 revenues are anticipated to be approximately $42 million excluding […]

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Timberland to Acquire SmartWool Corporation

The Timberland Company (NYSE: TBL) announced that it signed a definitive agreement today to acquire 100% of the outstanding stock of SmartWool Corporation, from RAF Industries, Inc. and the Stripes Group LLC. SmartWool, a privately held company based in Steamboat Springs, Colorado, designs, develops, markets and distributes performance socks, apparel and accessories for men, women and children. The purchase price is estimated to be approximately $82 million and will be funded through Timberland’s existing cash balances and short-term borrowings. The SmartWool organization will continue to be headquartered in Steamboat Springs, Colorado and will operate as a wholly-owned subsidiary of The Timberland Company under the leadership of Chip Coe, SmartWool’s President. Founded in 1994 by New England ski instructors who saw the potential for developing performance-based products for outdoor activities, SmartWool originated the outdoor-based merino wool sock market and has expanded its offering beyond socks to premium wool-based apparel and accessories. SmartWool products are available in over 2,000 better outdoor specialty stores throughout the United States and through independent distributors in Canada, Europe and Asia. SmartWool and Timberland partnered in early 2005 to develop and market performance footwear featuring SmartWool linings. SmartWool’s 2005 revenues are anticipated to be approximately $42 million […]

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U.S. Army Awards Quantum Follow-On Contract for Hydrogen Refueler

Quantum Fuel Systems Technologies Worldwide, Inc., (Nasdaq: QTWW) today announced that it received a contract from the U.S. Army’s National Automotive Center (NAC) for an additional HyHauler Plus(TM) transportable hydrogen refueling station. This contract represents an expansion of Quantum’s Mobile Hydrogen Infrastructure program with the U.S. Army that will demonstrate “in-time” solutions to meet emerging hydrogen fuel demand as fuel cell technologies are deployed throughout the military as part of the 21st Century Base initiative. The Quantum manufactured HyHauler Plus(TM) is a large trailer-mounted hydrogen fuel dispensing system, specifically designed to provide fast fills in less than 3 minutes. The HyHauler Plus(TM) utilizes an on-board electrolyzer to generate hydrogen from water and electricity. The complete refueling system includes the electrolyzer, a high-pressure hydrogen compressor, high-pressure hydrogen storage cascade, user-friendly dispensing system, and integrated balance-of-plant. The easy-to-use dispensing system interfaces with the vehicle utilizing an on-board touch screen control system. The Quantum-Tecstar developed hydrogen refueler can be towed by a full-size pickup truck. “The HyHauler Plus(TM) demonstrates a modular and transportable solution for providing hydrogen refueling infrastructure for fuel cell vehicles, hydrogen internal combustion engine powered vehicles, and portable power systems,” said Dennis Wend, Executive Director of the NAC. “We have […]

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