New York City Orders 500 Hybrid Buses and Allows Hybrid Taxis

In the largest requisition to date for hybrid buses, New York City has ordered 500 hybrid-electric buses from DaimlerChrysler’s commercial bus unit. New York City Transit ordered 216 Orion VII hybrid-electric buses and the Metropolitan Transportation Authority ordered 284 hybrid buses. In a previous order, NYC purchased 325 hybrid buses.

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DayStar Technologies Honored With Frost & Sullivan's 2005 Technology Innovation Award

DayStar Technologies, Inc. (Nasdaq: DSTI), a developer and manufacturer of proprietary high performance photovoltaic (PV) products, has been selected as the recipient of Frost & Sullivan’s 2005 Technology Innovation of the Year Award. The Award recognizes DayStar’s contributions toward the commercialization of CIGS (copper-indium-gallium-diselenide) photovoltaic cells. Said Dr. John Tuttle, President and CEO of DayStar Technologies, “This Award further validates our technical achievements and ongoing dedication to reach gigawatt scale production of Photovoltaic Foil(TM) and deliver on the promise of pervasive solar energy.” “DayStar’s innovative approach has the potential to meet the three primary desired attributes of solar cell technology: performance/reliability, form-factor (flexible/durable/lightweight) and cost. Many other solar cell technologies meet only one or two attributes,” said Frost & Sullivan Research Analyst Viswanathan Krishnan. DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency Photovoltaic Foil(TM) that converts sunlight into energy. The Company’s proprietary products include silicon-free CIGS solar cells, which are deposited on flexible metal foils using production processes adapted from commodity computer component manufacturing. DayStar believes the unique combination of its CIGS solar cell design coupled with proprietary manufacturing processes on flexible metal substrates could substantially lower costs and remove deployment barriers currently limiting large adoption […]

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United Natural Foods CEO Steps Down

United Natural Foods Inc. (Nasdaq: UNFI), an organic food distributor, announced its president and chief executive, Steven Townsend, has stepped down. He will be replaced by former CEO Michael Funk. Funk has been with United Natural Foods and its predecessors since 1976 and has served as a board member since 1996. He served as president from 1996 through 1999 and chief executive from 1999 to 2002, and was chairman in 2003. Townsend will remain chair of the board until the company’s annual meeting, scheduled for Dec. 8 and will continue as a consultant to the company to ensure a smooth transition.

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Energy Conversion Devices Files for $300M Mixed Shelf Registration

Energy Conversion Devices, Inc. (ECD Ovonics) (Nasdaq: ENER) has filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC). After it is accepted by the SEC, ECD Ovonics will be able to offer and sell up to an aggregate of $300 million of common stock, senior and subordinated debt securities, subscription rights, stock purchase contracts or stock purchase units from time to time in one or more public offerings. ECD Ovonics separately filed a registration statement with the SEC relating to the resale of up to 1,934,564 shares of common stock, of which 649,021 have been issued, 885,543 shares are issuable under existing Stock Option Agreements with certain senior officers and 400,000 shares are issuable upon the exercise of currently exercisable warrants. Under this resale registration statement, the selling stockholders listed in the prospectus are permitted, but are not obligated, to sell, from time to time, some or all of their respective shares covered by the prospectus. ECD Ovonics’ portfolio of alternative energy solutions includes Ovonic thin-film amorphous solar cells, modules, panels and systems for generating solar electric power; Ovonic NiMH batteries; Ovonic hydride storage materials capable of storing hydrogen in the solid state for use as […]

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