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Hydrogenics Completes Forklift Pilot Deployments at GM and FedEx

Hydrogenics Corporation (TSX:HYG; NASDAQ:HYGS), announced the completion of forklift field trials at GM of Canada’s car assembly plant in Oshawa and FedEx Canada’s ‘mission critical’ logistics hub at Toronto International Airport. Hydrogenics designed, built and integrated fuel cell hybrid power packs to replace the lead acid batteries in two Hyster Class 1, 5500 lb sit-rider forklifts provided by NACCO Materials Handling Group. The forklifts were placed into service at two indoor multi-shift operations to showcase the technical readiness of Hydrogenics’ fuel cell hybrid power pack and to verify the benefits and value propositions that can be offered to this market. In addition, Hydrogenics designed and built an indoor, PEM electrolyzer hydrogen refueler that was used to refuel the forklifts during the deployments. “We gained real world learning’s for this near term application as our forklifts operated full-time for three months in rigorous operations, with virtually no maintenance downtime. Just as important, they finished the trials at the same high level of performance as they began,” said Pierre Rivard, President and CEO, Hydrogenics. Multi-shift indoor materials handling operations face many challenges as a result of using forklifts that rely on lead acid batteries. Battery management issues profoundly impact operations, including a […]

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SunOpta Announces Third Quarter Results

SunOpta Inc. (NASDAQ:STKL; TSX:SOY) reported results for the third quarter and nine months ended September 30, 2005. For the third quarter the Company achieved record revenues of $115 million, up from $80 million in the comparable quarter last year; an increase of 43%. Revenue growth was led by a 47% increase in the Company’s vertically integrated food operations. Net earnings for the third quarter were $2.1 million, or $0.04 per diluted common share, compared to $2.8 million, or $0.05 per diluted common share in the third quarter of the prior year. Net earnings in the third quarter included the first earnings from the Company’s steam explosion equipment and process technology contract to Abener Energia, S.A. The Company also realized solid earnings within its newly formed SunOpta Fruit Group segment and continued success with its Packaged Products Group, led by strong sales of private label aseptically packaged products and roasted soy and sunflower products. The Company recently announced that it was awarded a three-year contract from a major international retailer to provide aseptic packaged soymilk. The Company expects revenues in the range of $20 million annually from this new contract commencing late in fiscal 2005. Jeremy Kendall, Chairman and Chief Executive […]

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Yogurt with Martek DHA(TM) Now Available in Spain

Martek Biosciences (Nasdaq: MATK) announced that its DHA ingredient is now in yogurt in supermarket chains throughout Spain. Spanish functional food company Priegola has launched Simbi + Omega-3 yogurt with Martek DHA. The yogurt is being marketed to children and adults for its brain health benefits. Martek DHA is an all-natural vegetarian source of DHA (docosahexaenoic acid), the key omega-3 fatty acid for brain development and function. Numerous scientific studies demonstrate that people of all ages, from infants to adults, may benefit from an adequate supply of DHA in the diet. Yet, despite its importance, natural food sources of DHA are limited primarily to fatty fish, making it difficult for many people to get enough DHA in their diets. “We selected Martek DHA because it provides us with a concentrated form of DHA from a vegetarian source that does not adversely affect the flavor of our yogurt,” said Hans Peter Sieber, Managing Director of Priegola. The yogurt contains 100 mg of Martek DHA per serving (250 g) and is available in natural and strawberry flavours. Made from algae under tightly controlled manufacturing conditions, Martek DHA is free of oceanic contaminants that may be present in certain fish or fish oils. […]

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