1. Home
  2. Articles posted by: Rona Fried (Page 1954)

A Place In The Sun

URL: [sorry this link is no longer available] Website: [sorry this link is no longer available]     

Read More

Tecstar Automotive Group Acquires Majority Interest in Empire Coach

Quantum Fuel Systems Technologies Worldwide, Inc., (Nasdaq: QTWW) today announced that its subsidiary, Tecstar Automotive Group, has acquired a 51% interest in Empire Coach Enterprises, LLC, a second stage limousine manufacturer, for $600,000 cash. Mr. Michael Misseri, who will serve as Empire Coach’s Chief Operating Officer, will own the remaining 49%. Empire Coach will be located in East Brunswick, New Jersey. Among other business opportunities, Empire Coach will pursue “qualified vehicle modifier” status with Ford Motor Company (“Ford QVM”) in order to modify Lincoln Town Cars to limousines. Empire will also be able to offer alternative fuel limousines using Quantum’s advanced fuel system technologies for compressed natural gas, propane, and hydrogen applications. “We have announced our strategic direction to expand our markets and customer base in our second stage manufacturing business in order to increase revenues. We believe Empire Coach Enterprises fits this mission,” said Alan P. Niedzwiecki, President and CEO of Quantum. “We believe the limousine market is growing and, as a result, we believe the addition of Empire Coach Enterprises will result in increased revenues for the company by enhancing our existing second stage manufacturing capabilities and capturing new alternative fuel vehicle opportunities. About Quantum Quantum and its […]

Read More

WorldWater & Power Corp. Receives USTDA Grant for Water Project in Sri Lanka

The U.S. Trade and Development Agency (USTDA) has awarded $360,000 in grant funds to WorldWater & Power Corp. (OTC BB:WWAT.OB) to support a pilot project for water supply in Sri Lanka. The project is designed to assess solar technology methods to provide safe, sustainable water supplies to people in six villages near the tsunami-ravaged southern coast of Sri Lanka. Subject to satisfactory results of WorldWater’s ground water assessment study, WorldWater anticipates the award of the full contract of $1.1 million with the Ministry of Urban Development and Water Supply to pump and deliver water to 13,677 people in approximately 3,000 households in the six villages through use of its AquaMax(tm) solar water pumping systems. Dr. Anand Rangarajan, Executive Vice President of WorldWater and Power Corporation, said, “This pilot project is intended to demonstrate how public and private sector partnerships could be forged to bring private sector investments to the critical area of rural water supply. This project will also demonstrate how commercially mature solar technologies can provide faster and less expensive solutions in the area of water supply compared to traditional piped schemes.” About WorldWater & Power Corporation WorldWater & Power Corporation is an international solar engineering and water management […]

Read More

Hurricane Katrina Class Action Lawsuit Filed Against Major Oil Companies

A class action suite has been filed against a number of major oil companies claiming they are responsible for Hurricane Katrina’s devastation of New Orleans. The suit alleges that the major oil companies’ oil, gas and pipeline exploration and drilling activities throughout Southeast Louisiana resulted in ecological damages to such an extent that coastal marshes were destroyed which previously had protected New Orleans naturally from Katrina level hurricane force winds and tidal surges. It alleges that over one million acres of marshlands in Southeast Louisiana were completely destroyed and have virtually disappeared, and many more millions acres are essentially non-existent, primarily because of the major oil companies’ oil & gas exploration and drilling activities in Southeast Louisiana. “Everyone has been talking about the failures of the state, local and federal governments in the wake of Hurricane Katrina,” Exnicios explained. “We believe it’s the right time to pinpoint who’s essentially responsible for the devastation caused by Katrina in the first place — the major oil and gas companies, who haphazardly dredged thousands of miles of exploration and drill site canals throughout South Louisiana to extract oil and gas. “Their years of negligence and callous indifference to the marshland ecology led to […]

Read More