Academic Study Challenges Projections of Green Jobs:
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Academic Study Challenges Projections of Green Jobs:
China Sunergy May Provide up to 480MW of Silicon Solar Cells Through 2018
New Analysis Calls Into Question Widespread Claims on Potential Economic, Employment and Environmental Benefits Promoted by Special Interest Groups, Industry Associations and International Organizations
CHAMPAIGN, Ill., March 16 /PRNewswire/ -- Academics and researchers from four U.S. universities (biographies below) today released a joint study, Seven Myths About Green Jobs, that analyzes the assumptions, findings and methodologies of green jobs projections and benefits put forth in reports issued by several special interest groups, industry associations and international organizations which have subsequently been widely referenced by government officials, policymakers and the media.
While acknowledging the importance of energy conservation and ongoing research and investment into new technologies, the authors set out to evaluate the fundamental soundness of green job claims. In aggregate, the academic team's study concludes that a lack of sound research methods, erroneous economic assumptions and technological omissions have routinely been utilized to lend support, rather than provide legitimate analysis, to major public policies and government spending initiatives. Furthermore, the reports that were reviewed have been issued without the benefit of peer-reviewed analysis or transparency of their models and calculations. Reports analyzed by the academic team include those from the following organizations:
"When the claim of hundreds of thousands, or even millions, of green jobs are used as the basis for billions in new government spending, we ought to insist that those claims be backed by transparent documentation and sound methodology, not implausible assumptions and inconsistent definitions," said Professor Andrew Morriss, H. Ross & Helen Workman Professor of Law and Business and Professor at the University of Illinois' Institute for Government and Public Affairs.
Key findings of the study show that no definition for green jobs exists causing great discrepancy in how numbers are counted; that green job estimates often include huge numbers of clerical, bureaucratic and administrative positions that do not produce goods or services for consumption; and that problematic assumptions are made about economic predictions, prices and technology advancements leading some to ultimately favor mandates over free market realities. These serious flaws, as well as the failure to include technical data, render the prevailing green job estimates virtually unreliable.
Dr. Roger Meiners, Goolsby Distinguished Professor of Economic and Law at the University of Texas-Arlington and a study co-author said, "It is not our intention to debate the energy proposals these jobs estimates seek to justify. We simply believe that if the government is going to establish a new policy paradigm and spend huge sums of money to do so, it should be based on verifiable data and peer-reviewed research."
Much of the study examines the methodology used by various special interest groups to calculate how many green jobs new energy policies would create. Starting with simple fundamentals, these studies do not define new job creation in an economically sound manner failing to account for employment productivity or efficient use of labor. These basic flaws make comparison of job claims almost impossible and thus fail to create a statistical consensus.
"Economic analysis is not a matter of justifying policy goals by making optimistic assumptions and ignoring those realities that fail to support your objectives," said Dr. William Bogart, Dean of Academic Affairs and Professor of Economics at York College of Pennsylvania, another study author. "Our work here clearly shows that the foundations of these 'green' jobs claims do not measure up to the kind of research standards we should demand when evaluating change in direction for our economy."
The study notes that one of the major flaws in existing research is its failure to acknowledge that mandating a move to new "green" sectors of the economy and away from fossil fuel-based sectors will shift jobs rather than create new jobs and thus overall economic growth.
"Job creation is a common argument for government subsidies of many projects around the world, including proponents of green jobs. The proper measure is not total jobs that exist in an area receiving a subsidy but additional net new employment--jobs that would not otherwise have existed," said study co-author Andrew Dorchak, Foreign and International Law Specialist at Case Western Reserve University School of Law.
The study concludes that significant opportunities abound to develop new energy sources, new industries, and new eco-friendly jobs in the future but that a market-based process will do a far better job than could a series of government mandates based on flawed data.
An executive summary is below. The 20 page article reviewing the issues and a 100 page, in-depth analysis are available on the Social Science Research Network (SSRN), and can be found at the following addresses:
For additional information, please contact Dave Johnson at (217) 244-4014 or Djhnsn1@illinois.edu.
EXECUTIVE SUMMARY: SEVEN MYTHS OF Green Jobs
Andrew P. Morriss, William T. Bogart, Andrew Dorchak, and Roger E. Meiners
Overview
An aggressive push for a green economy is well underway in the United States. Policymakers now routinely assert that "green jobs" can simultaneously improve environmental quality and reduce unemployment.
Our team of researchers from universities around the nation surveyed four often-cited reports (the "literature") that were sponsored by interest groups, industry associations, and international NGOs. We analyzed their assumptions and found that the groups promoting the idea of green jobs had buried dubious assumptions and techniques within their analysis. We conclude that the massive expenditures demanded by special interest groups and politicians under the green jobs banner are not justified.
Rather than spend hundreds of billions of taxpayers' dollars on unproven technologies chosen through a political process, we favor market processes to increase conservation of energy and other resources, a strategy proven effective by experience. New green technologies should be explored and expanded by market forces, not government mandates. Before committing massive resources to chasing the green jobs these reports suggest, the special interests advocating strategies that impose costs on every American should expose their models and calculations to peer-reviewed scrutiny, making their process transparent.
We found seven underlying myths within the literature we studied. We believe it is important that these myths be exposed so that we can debate the facts as we move forward toward investing in a more eco-friendly nation.
The Myths And The Facts
Myth 1: Everyone understands what a "green job" is.
Fact 1: No standard definition of a "green job" exists.
According to the studies most commonly quoted, green jobs pay well, are interesting to do, produce products that environmental groups prefer, and do so in a unionized workplace. Such criteria have little to do with the environmental impacts of the jobs. To build a political coalition, "green jobs" have become a mechanism to deliver something for members of many special interests in order to buy their support for a radical transformation of society. Committing hundreds of billions of dollars to promoting something lacking a transparent definition cannot be justified.
Myth 2: Creating green jobs will boost productive employment.
Fact 2: Green jobs estimates in these oft-quoted studies include huge numbers of clerical, bureaucratic, and administrative positions that do not produce goods and services for consumption.
These green jobs studies mistake any position receiving a paycheck for a position creating value. Simply hiring people to write and enforce regulations, fill-out forms, and process paperwork is not a recipe for creating wealth. Much of the promised boost in green employment turns out to be in non-productive - and expensive - positions that raise costs for consumers. These higher paying jobs that fail to create a more eco-friendly society dramatically skew the results in both number of green jobs created and salary levels of those jobs.
Myth 3: Green jobs forecasts are reliable.
Fact 3: The green jobs studies made estimates using poor economic models based on dubious assumptions.
The forecasts for green employment in these studies optimistically predict an employment boom that will take us to prosperity in a new green world. The forecasts, which are sometimes amazingly detailed, are unreliable because they are based on:
Moreover, the estimates use a technique (input-output analysis) that is inappropriate to the conditions of technological change presumed by the green jobs literature itself. This yields seemingly precise estimates that give the illusion of scientific reliability to numbers that are actually based on faulty assumptions.
Myth 4: Green jobs promote employment growth.
Fact 4: By promoting more jobs instead of more productivity, the green jobs described in the literature actually encourage low-paying jobs in less desirable conditions. Economic growth cannot be ordered by Congress or by the United Nations. Government interference in the economy - such as restricting further progress with already successful technologies in favor of speculative technologies favored by special interests - will generate stagnation.
Green jobs estimates promise greatly expanded (and pleasant and well-paid) employment. This promise is false. The green jobs model is built on promoting inefficient use of labor. The studies favor technologies that employ large numbers of people rather than those technologies that use labor efficiently. In a competitive market, the factors of production, including labor, are paid for their productivity. By focusing on low productivity jobs, the green jobs literature dooms employees to low wages in a shrinking economy. The studies also generally ignore the millions of jobs that will be destroyed by the restrictions imposed by governments on disfavored products and technologies.
Myth 5: The world economy can be remade by reducing trade and relying on local production and reduced consumption without dramatically decreasing our standard of living.
Fact 5: History shows that individual nations cannot produce everything its citizens need or desire. People and countries have talents that allow specialization in products and services that make them ever more efficient, lower-cost producers, thereby enriching all people .
The green jobs literature rejects the benefits of trade, ignores opportunity costs, specialization, and fails to include consumer surplus in its welfare calculations. This is a recipe for an economic disaster. Even the favored green technologies, such as wind turbines, require expertise and intellectual property rights largely provided by foreigners. The twentieth century saw many experiments in creating societies that did not engage in trade and did not value personal welfare. The economic and human disasters that resulted should have conclusively settled the question of whether nations can withdraw inside their borders.
Myth 6: Government mandates are a substitute for free markets.
Fact 6: Companies react more swiftly and efficiently to the demands of their customers/markets, than to cumbersome government mandates.
Green jobs supporters want to reorder society by mandating preferred technologies and expenditures through government entities. But the responses to government mandates are not the same as the responses to market incentives. We have powerful evidence that market incentives prompt the same resource conservation that green jobs advocates purport to desire. For example, the rising cost of energy is a major incentive to redesign production processes and products to use less energy. People do not want energy; they want the benefits of energy. Those who can deliver more desired goods and services by reducing the energy - and thus the cost of production - will be rewarded. On the other hand, we have no evidence to support the idea that command-and-control regimes accomplish conservation.
Myth 7: Wishing for technological progress is sufficient.
Fact 7: Some technologies preferred by the green jobs studies are not capable of efficiently reaching the scale necessary to meet today's demands.
The green jobs literature's preferred technologies face significant problems in scaling up to the levels they propose. These problems are well documented in readily available technical literature, yet are resolutely ignored in the green jobs reports. At the same time, existing viable technologies that fail to meet the green jobs supporters' political criteria are simply rejected out of hand. This selective technological optimism/pessimism is not a sufficient basis for remaking society to fit the dream of planners, politicians, or special interests who think they know best, despite empirical evidence to the contrary.
Summary of Findings
As you can see in our seven myths listed above, our report finds that the analysis provided in the green jobs literature is deeply flawed. The reports rest on a series of exaggerated, inadequate, or incorrect economic, environmental, and technological assumptions. Moreover, the scale of social change that would be required to implement the proposed programs would be unprecedented.
Our key findings are:
SOURCE University of Illinois
-- The American Solar Energy Society (ASES)
-- The Center for American Progress
-- The U.S. Conference of Mayors
-- The United Nations Environmental Programme (UNEP)
"Seven Myths of Green Jobs," (21 page article reviewing the issues)
- http://ssrn.com/abstract=1357440
"Green Jobs Myths" (100 page, in-depth analysis)
- http://ssrn.com/abstract=1358423
Biographies of the authors:
Andrew Morriss
- http://www.law.uiuc.edu/faculty/directory/AndrewMorriss
William T. Bogart
- http://staff.ycp.edu/~wtbogart/
Roger Meiners
- http://economics.uta.edu/new_website/meiners.html
Andrew Dorchak
- Upon request
a) Questionable estimates by interest groups of tiny base numbers in
employment,
b) Extrapolation of growth rates from those small base numbers, that
does not take into consideration that growth rates eventually slow,
plateau and even decline, and
c) A biased and highly selective optimism about which technologies will
improve.
-- No agreed, coherent definition of a "green job" exists in the
public debate. Many of the jobs classified as "green" in these
four most popular studies produce no environmental results.
-- Green jobs ultimately will not promote employment growth or improve
production because many are concentrated by design in low productivity
occupations.
-- Green jobs proponents rely on highly problematic assumptions about
constant prices and lack of technological change that render their
"multiplier effect" misleading and, therefore, useless.
-- Green job advocates incorrectly assume that government mandates are a
substitute for free markets. Their models are based on the assumption
that politicians can predict what technologies are best and what the
markets will bear.
-- Many green jobs proposals are an effort to implement anti-trade policies
and reduced consumption scenarios that would be unacceptable to most
Americans.
Day4 Energy Reports Q4 and FY2008 Results
BURNABY, BC, March 17 /PRNewswire-FirstCall/ - Day4 Energy Inc. (TSX: DFE), a solar electric technology developer and manufacturer of superior performance solar modules, today reported operating results for the fourth quarter and fiscal year 2008.
During the second half of 2008 there were a number of fundamental changes in the economics of the entire photovoltaic (PV) industry. The global economic recession and financial crisis coupled with severe weather conditions in the core PV market resulted in inventory build-ups, production overcapacity and rapid deterioration of average selling prices across the value chain. Weak sales, slowing demand and gross margin compression have been widespread throughout the solar sector and have been reflected in numerous negative earnings reports and announcements over the past several weeks.
"There is little doubt that 2008 presented a number of operating challenges that affected our company alongside the rest of the industry," said George Rubin, president of Day4 Energy. "Our objectives in managing through the current shakeout in the sector are to continue to evolve the business strategically and conserve cash so that our differentiated technology and low capital intensity business model reaches its potential to bring future value to our shareholders."
Industry experts agree that the reduction in prices accelerate the path to grid parity. While in the interim the price reductions pose challenges for companies they have driven up the returns for capital investments in PV projects to nearly all time high levels and will eventually be beneficial to the sector as a whole. The pricing phenomena coupled with the increased political will for renewable energy technologies and accompanying subsidy programs currently being implemented all around the world suggest a positive long-term outlook for the industry.
"The low capital cost models with technological differentiation and a strong downstream position are going to be critical to success during these difficult times. Our long-term manufacturing supply partnership with Jabil Circuit Inc., a leading global electronic solutions company, will help to reduce our working capital requirements and allow us to concentrate our capital and management attention on our two core business objectives: technological leadership and sales and marketing. We now have market presence in eight different geographic markets and our R&D group has made significant progress in the development of our breakthrough Generation II solar cell technology," he concluded.
2008 4Q and FY FINANCIAL RESULTS
Worldwide Product Revenues
Fourth quarter revenues of $16.6 million represent a 48% decrease from the prior quarter revenues of $31.7 million and up 141% from $6.9 million for the same period in 2007. While seasonality is typical for this sector in the fourth quarter the early and persistent snowfall in our primary market (Germany) combined with the economic downturn slowed deliveries to a greater extent than expected in November and December. Global sales for the full year 2008 were $76.8 million, a nearly four-fold increase from the prior year sales of $21.0 million.
Gross Margins
The gross loss of 45% for the fourth quarter compared to a loss of 1.4% in the third quarter 2008 and a loss of 26.3% for the same period in 2007. We were unsuccessful in maintaining modest positive gross margins achieved during the first half of 2008 because of inventory write downs reflecting the decline of average selling prices (ASP's) experienced in the sector at year end, and increased raw materials costs due to foreign exchange fluctuations. A significant increase in the value of the US dollar against the Canadian had a significant impact on our cost of goods sold. With most of our raw materials, primarily PV cells, denominated in US dollars the 17% rise from the third quarter cut into our margins. In the fourth quarter the company wrote down $5.2 million of inventory to net realizable value. Gross loss excluding inventory write-down was 13% for the fourth quarter and 3% for fiscal 2008. Reported fiscal year over year gross loss has improved significantly to a loss of 9% in 2008 from a loss of 21% in 2007. Average unit costs improved throughout the year as we increased production volumes, diversified our supplier base and refined production processes.
Expenses
For the fourth quarter of 2008, general and administrative expenses were $10.4 million, an increase of 432% over the prior quarter and 438% for the same period in 2007. For the full year G&A expenses were $14.9 million, an increase of 361% over 2007. Significant non-operational factors affected the increase in G&A expenses in the fourth quarter in addition to the expected increase in operational costs related to continued development of the business. Non-operational costs related to deteriorating economic conditions and weather delays resulted in a $6.3 million provision for allowance for doubtful accounts. Other factors contributing to the increase in G&A period comparisons were due to operational cost increases for staff and business activities relating to our volume growth in operations, increased accounting, legal and consulting services due to various contract negotiations, patent applications and restructuring.
Sales and marketing expenses were $0.8 million for the fourth quarter, a decrease of 10% over the prior quarter, and 26% compared to the same period in 2007. The decrease represents management's efforts to conserve cash in the face of reduced demand during the quarter. Full year sales and marketing expenses were $3.6 million representing an increase of 89% over the $1.9 million in expenses for 2007. The year over year increase is a reflection of continued expansion of our activities, initiatives and staff resources compared to the prior period including customer relations and sales channel development with our key customers. Selling and marketing expenses as a percentage of revenues have improved to 5% of sales for the full year ended December 31, 2008 compared with 9% of sales for the same period in 2007.
R&D expenses of $0.5 million or a 30% decrease in the fourth quarter compared to both the third quarter of 2008 and to the same period in 2007. For the full year R&D expenses were $2.3 million compared to $1.8 million for 2007. The 28% year over year increase represents our continued commitment to develop the photovoltaic efficiencies and opportunities provided by the Day4 Electrode and include increased project costs, consulting contracts and personnel costs. While absolute costs have increased, R&D expenses as a percentage of revenues have improved to 3% of sales for the year ended December 31, 2008 compared with 9% of sales for the same period in 2007.
Impairment of Long-Lived Assets
During the fourth quarter changing financial conditions and a significant decline in our market value at year end resulted in our reassessment of the fair values of our long-lived assets. We have recorded total impairment charges of $8.7 million including $0.5 million for the value of intangible assets on the purchase of Day4 Systems acquired in November 2007 and $8.2 million related to our property, plant and equipment.
Loss Per Share
The net loss for the fourth quarter 2008 was $29.0 million ($0.79 per share) compared with ($0.05) per share the prior quarter and ($0.29) per share for the same period in 2007. Net loss for fiscal 2008 was $33.9 million ($0.92 per share) compared to $13.9 million ($0.70 per share) for the prior year. As described above several non-operating factors affected our net loss in the fourth quarter including impairment charges on long-lived assets and inventory write-downs. In addition, net loss was impacted by volume increases, increased overheads reflecting our growth in staff and operational resources, corporate initiatives and non-cash unrealized foreign exchange losses incurred in the year.
Cash and Short-Term Investments
At December 31, 2008, we had $25.8 million in cash and short term investments, including restricted cash of $11.1 million, down from total cash and short term investments of $43.6 million at September 30, 2008 and from $94.6 million at year end 2007. The $25.8 million does not include an additional $8.2 million in proceeds received in January from Jabil from the sale of equipment as part of the outsource agreement.
Outlook
The underlying instability in the economy and an extended weather delay in our primary market well into the first quarter of 2009 are expected to impact our results for the early part of 2009. In addition to an expected impact on our revenues and gross margins in the first half of the year, the continued downward pressure on ASP may result in further write-downs of inventory in the first quarter of 2009.
We have reduced production at our Burnaby based facility to minimal levels to avoid build up of additional inventory and manage our cash position. Our first priority is to continue with the production ramp at Jabil to take advantage of the lower cost, more efficient production and closer proximity to our primary market. We expect demand to pick up through the second quarter allowing us to move current inventory while the Jabil facility completes its ramp and becomes fully operational.
Our normal practice is to secure volume commitments from our customers and to set prices no more than one year into the future. We have concluded pricing discussions with approximately 41% (22.4MW) of our 55MW order book. The balance of this contracted volume is contingent on reaching mutually satisfactory agreements as per pricing with our channel partners. We will continue discussions with the remainder of the outstanding contracts throughout the year.
Detailed financial results and management's discussion and analysis can be found on our website at www.day4energy.com or on SEDAR at www.sedar.com.
About Day4 Energy
Day4 Energy Inc. is Canada's largest manufacturer of high performance photovoltaic (PV) modules for residential, commercial and utility scale installations around the world. By fundamentally improving on the design and assembly of solar modules, Day4 Energy produces unique PV panels of high power density, increased lifetime and uncompromised aesthetic appearance. Day4 Energy partners with international technology leaders to develop and deliver IEC- and UL-certified solar products to customers throughout Europe and North America. Day4 Energy is listed on the Toronto Stock Exchange under the symbol "DFE". For more information, please visit www.day4energyenergy.com.
Conference Call Information
Day4 Energy's management will conduct a conference call at 8:30am (ET) March 17, 2009 to review the company's fourth-quarter and fiscal 2008 financial results. The conference call will be webcast live over the Internet and can be accessed by logging on to Day4 Energy's website, www.day4energy.com, prior to the event. The call can also be accessed by dialing 1-800-319-4610 (Canada and US) or 1-604-638-5340 (International) prior to the start of the call. The webcast will also be archived on the company's website.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements that relate to our current expectations and views of future events. These forward-looking statements include, among other things, statements relating to our expectations regarding our revenues, expenses, cash flows, operating performance and future profitability; and our statements under the heading "Outlook".
The forward-looking statements contained in this news release are based on assumptions, which include, but are not limited to, our successful implementation of outsource manufacturing with Jabil; our ability to obtain an adequate spread between our module average selling price and cost of raw materials, including PV cells; achieving increased PV cell and PV module efficiencies; expanding our existing product line; building the Day4 brand, attracting customers and developing and maintaining customer and supplier relationships; continuing our strong relationships with our suppliers; effectively managing foreign exchange risks; protecting our intellectual property rights and not infringing on the intellectual property rights of third parties; timely processing by certification agencies of new products; and complying with applicable governmental regulations and standards.
Such forward-looking statements are subject to risks, uncertainties and other factors, including those listed in our Annual Information Form filed with Canadian securities regulatory authorities, many of which are beyond our control and each of which contributes to the possibility that our forward-looking statements will not occur or that actual results, performance or achievements may differ materially from those expressed or implied by such statements. These risks, uncertainties and other factors include, but are not limited to, the impact of general economic, market or business conditions; risks related to the implementation of outsource manufacturing with Jabil; our limited operating history; risks relating to the protection of our intellectual property and intellectual property infringement claims by third parties; our dependence on a limited number of PV cell suppliers; government subsidies and economic incentives for PV power could be reduced or eliminated; our ability to achieve higher PV module efficiencies; our dependence on a limited number of customers and our lack of long-term purchase contracts; demand for PV modules; technological changes in the PV power industry could render our products uncompetitive or obsolete; unexpected warranty expenses; fluctuations in exchange rates; product liability claims; compliance with environmental regulations; and other factors, many of which are beyond our control.
The forward-looking statements made in this news release relate only to events or information as of the date indicated above. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE Day4 Energy Inc.
Despite the difficulties of the second half of 2008 the company did make
progress on several key initiatives outlined in its business plan including:
- Completing the industrial scale-up of our proprietary Day4 Electrode
technology
- Completing the first phase of outsource manufacturing, resulting in a
unique, flexible, low capital-expense business model
- Implementing cost reduction and restructuring designed to enhance the
ability to operate effectively in the new market environment
- Entering a new vertical market of turn-key PV power projects
- Demonstrating strong cost reduction potential with next generation
proprietary PV cell technology
Day4 Energy Inc.
Consolidated Balance Sheets
As at December 31, 2008 and 2007
-------------------------------------------------------------------------
2008 2007
$ $
Assets
Current assets
Cash and cash equivalents 14,730,294 53,093,136
Restricted cash 11,085,230 1,322,140
Short-term investments - 40,232,996
Accounts receivable 3,320,849 3,559,391
Investment tax credits receivable 600,000 1,165,000
Other receivables 1,511,301 2,486,811
Inventory 35,018,558 15,168,541
Prepaid expenses 379,429 547,444
Equipment held for sale 2,704,913 -
---------------------------
69,350,574 117,575,459
Intangible assets - 828,969
Property, plant and equipment 28,254,320 7,078,998
---------------------------
97,604,894 125,483,426
---------------------------
---------------------------
Liabilities
Current liabilities
Accounts payable and accrued liabilities 12,504,078 10,438,525
Income taxes payable 830,000 830,000
Short-term debt 142,940 821,213
Deferred revenue - current 168,012 89,442
Derivative Instruments 2,157,218 -
---------------------------
15,802,248 12,179,180
Long-term debt 1,143,521 -
Deferred revenue - 102,186
Deferred lease inducement - 11,245
---------------------------
16,945,769 12,292,611
Non-controlling interest 26,410 -
Shareholders' Equity
Share capital
Authorized
Unlimited number of common shares
Unlimited number of preferred shares
Issued and outstanding
36,679,366 (2007 - 36,373,116) common
shares 130,952,257 129,935,370
Contributed surplus 2,091,952 1,439,491
Warrants 2,279,890 2,633,987
Deficit (54,691,384) (20,818,033)
---------------------------
80,632,715 113,190,815
---------------------------
97,604,894 125,483,426
---------------------------
Day4 Energy Inc.
Consolidated Statements of Operations, Comprehensive Loss and Deficit
For the years ended December 31, 2008 and 2007
-------------------------------------------------------------------------
2008 2007
$ $
Revenue
Sales 76,836,546 20,955,792
Cost of goods sold 84,075,455 25,333,450
---------------------------
Gross loss 7,238,909 4,377,658
---------------------------
Expenses
General and administrative 14,910,590 3,232,635
Research and development 2,256,373 1,815,343
Less: Investment tax credits and government
assistance (195,302) (650,000)
Selling and marketing 3,568,579 1,914,956
Depreciation 524,420 304,077
Amortization 284,218 23,685
---------------------------
21,348,878 6,640,696
---------------------------
Loss before undernoted 28,587,787 11,018,354
---------------------------
Other income (expense)
Foreign exchange gain 4,176,771 40,355
Unrealized loss on derivative instruments (2,157,218) -
Interest and other income 2,132,336 415,246
Interest expense (87,507) (518,197)
Royalty premium expense (476,467) -
Financing issuance cost - (1,049,268)
Loss on disposition of property, plant and
equipment (39,973) -
Impairment of intangible assets (541,141) -
Impairment of property, plant and equipment (8,153,256) -
Accretion expense on convertible debentures - (1,351,348)
Accretion expense on IRAP-TPC Loan (144,088) (131,643)
Adjustment on IRAP-TPC Loan - 67,799
Fair value loss on warrants - (344,785)
---------------------------
(5,290,543) (2,871,841)
---------------------------
Loss before non-controlling interest 33,878,330 13,890,195
Non-controlling interest (4,979) -
---------------------------
Loss and comprehensive loss for the year 33,873,351 13,890,195
Deficit - Beginning of year 20,818,033 7,123,404
Adjustment on IRAP-TPC loan - (195,566)
---------------------------
Deficit - End of year 54,691,384 20,818,033
---------------------------
---------------------------
Net loss per share - basic and diluted 0.92 0.70
---------------------------
---------------------------
Weighted average number of shares outstanding
- basic and diluted 36,651,193 19,934,029
---------------------------
---------------------------
Day4 Energy Inc.
Consolidated Statements of Cash Flows
For the years ended December 31, 2008 and 2007
-------------------------------------------------------------------------
2008 2007
$ $
Cash flows from operating activities
Loss and comprehensive loss for the year (33,873,351) (13,890,195)
Items not affecting cash
Stock-based compensation 742,751 1,029,616
Accretion expense on convertible debentures - 1,351,348
Accretion and royalty premium on IRAP-TPC
loan 608,188 131,643
Adjustment on IRAP-TPC loan - (67,799)
Fair value loss on warrants - 344,785
Depreciation and amortization 2,095,104 782,622
Loss on disposal of property, plant and
equipment 39,973 -
Impairment of intangible assets 541,141 -
Impairment of property, plant and equipment 8,153,256 -
Unrealized foreign exchange (gain) loss 1,530,165 (524,800)
Unrealized loss on derivative instruments 2,157,218 -
Deferred lease inducement (11,245) (22,494)
Non-controlling interest (4,979) -
Changes in non-cash working capital items
Accounts receivable (2,183,441) (1,009,768)
Investment tax credits receivable 565,000 (650,000)
Other receivables 1,208,506 (2,212,146)
Inventory (19,850,017) (9,629,659)
Prepaid expenses 168,015 (190,871)
Accounts payable and accrued liabilities 5,259,453 5,328,535
Deferred revenue (23,616) (600,275)
Taxes payable - 830,000
---------------------------
(32,877,879) (18,999,458)
---------------------------
Cash flows from investing activities
Purchase of short-term investments (8,000,000) (40,000,000)
Proceeds from sale of short-term investments 48,000,000 -
Restricted cash (9,763,090) (1,322,140)
Purchase of property, plant and equipment (33,939,145) (5,181,831)
Proceeds from disposal of property, plant and
equipment 54,795 -
Business acquisition - net of cash acquired - (2,396,921)
Proceeds from non-controlling interest 31,389 -
---------------------------
(3,616,051) (48,900,892)
---------------------------
Cash flows from financing activities
(Repayment of) proceeds from shareholder loan - (203,440)
(Repayment of) proceeds from IRAP loan (142,940) 556,034
Proceeds from convertible debentures - 16,827,000
Proceeds from issuance of common shares - 102,992,370
Proceeds from exercise of warrants 492,498 218,750
Proceeds from exercise of options 80,000 351,727
---------------------------
429,558 120,742,441
---------------------------
Impact of foreign exchange on cash and cash
equivalents (2,298,470) 17,272
---------------------------
Increase in cash and cash equivalents (38,362,842) 52,859,363
Cash and cash equivalents - Beginning of year 53,093,136 233,773
---------------------------
Cash and cash equivalents - End of year 14,730,294 53,093,136
---------------------------
---------------------------
Supplemental cash flow information
Cash paid for interest 13,472 452
Cash received for interest 1,937,448 100,191
Non-cash transactions
Conversion of convertible debenture to common
shares - 16,241,566
Issuance of shares for equipment - 300,000
PR Newswire National Summary, Monday, March 16, Midnight to 10 a.m. ET
Following is a summary of news releases transmitted between midnight and 10 a.m. by PR Newswire. The full text of these releases is available at the PR Newswire for Journalists, http://media.prnewswire.com.
SOURCE PRNewswire
LA83539 03/16/2009 00:00 r f VA-Hamilton-Beach
(RICHMOND) Hamilton Beach Brands, Inc. Signs Microwave
Licensing Deal With Galanz
CL83677 03/16/2009 00:01 r f MO-EquifaxTheWorkNmbr
(ST. LOUIS) The Work Number Announces 100% Solution for Verified Income
DC79087 03/16/2009 00:01 r f Census-daily-feature
(WASHINGTON) U.S. Census Bureau Feature for March 16
DC83949 03/16/2009 00:01 r f IL-Egress-secure-data
(LONDON) Egress Software Technologies Introduces 'Switch' to
Solve Secure Data Exchange Problem
LA83950 03/16/2009 00:01 r f TX-HDNetAnnounces
(DALLAS) HDNet Announces Exclusive First Round Coverage of the
2009 College Basketball Invitational
CNM025 03/16/2009 00:38 r f China-Opportunity
(WOODCLIFF LAKE) China Opportunity Acquisition Corp. Stockholders
Approve Merger with Parent of Chinese Specialty Steel Company
LA83846 03/16/2009 01:00 r f TX-Trintech-Spotless
(SYDNEY and DALLAS) Spotless Selects Trintech to Manage
Reconciliations and Reduce Operational Risk
LA83916 03/16/2009 01:00 r f CA-LiveNationU2Tour
(LOS ANGELES) U2 360 Tour Presented by BlackBerry Opening
Weekend Performances Sell Out!
SF83954 03/16/2009 01:30 r f WA-CTIC-Earns
(SEATTLE) Cell Therapeutics, Inc. (CTI) Reports 2008 Fourth
Quarter and Year End Financial Results
SF83753 03/16/2009 02:00 r f WA-Cell-Therapeutics
(SEATTLE) Cell Therapeutics, Inc. (CTI) to Present at 8th
UKM001 03/16/2009 02:30 r f Ballast-Nedam-NV
(NIEUWEGEIN) Ballast Nedam: Allocation of Options to
Members Board of Management
CG83445 03/16/2009 03:00 r f IL-VASCO-HSBC-Bank
(OAKBROOK TERRACE) HSBC Paraguay Secures Online Retail and
Corporate Customers With DIGIPASS Go 3
LA83801 03/16/2009 03:01 r f CA-Epson-Unveils-4
(LONG BEACH) Epson Unveils Four New Affordable Projectors With
Robust Feature Set for K-12 Educators
UKM002 03/16/2009 03:46 r f Forth-Ports-plc
(LONDON) Forth Ports - Group CEO Interviewed on Preliminary Results
CNM017 03/16/2009 04:00 r f NPD-2008-Earnings
(SHENZHEN) China Nepstar Chain Drugstore Reports Fourth Quarter
and Fiscal Year 2008 Financial Results
CNM018 03/16/2009 04:00 r f NPD-2008-Dividend
(SHENZHEN) China Nepstar Chain Drugstore Announces Dividend
DA82972 03/16/2009 04:30 r f Frost-&-Sullivan
(LONDON) Frost & Sullivan: The Alternative Energy Storage
Market Looks Forward to a Bright Future
CL81782 03/16/2009 05:00 r f AgencyRosterTrevelino
(ATLANTA) Trevelino/Keller Communications Becomes Agency of Record for Ian
CL83499 03/16/2009 05:00 r f AgencyRoster-Eisen-MG
(CINCINNATI) Roto-Rooter Names Cincinnati's EMG as Agency of Record
DE83070 03/16/2009 05:00 r f AgencyRosterBianchiPR
(TROY) Archetype Joint, LLC Selects Bianchi Public
Relations, Inc. as Agency of Record
NY83778 03/16/2009 05:00 r f AZ-philosophy-Website
(PHOENIX) looking to give love? philosophy's
philosophygiveslove.com is the most loving site on the web
UKF006 03/16/2009 05:00 r f IdeaWorks3D-Ltd
(LONDON) Ideaworks3D Welcomes CRI Sofdec to Airplay Partners Program,
Bringing Flexible Video Streaming to iPhone and Smartphones
UKF009 03/16/2009 05:00 r f Mirial
(MILAN) Mirial Appoints New VP Sales Americas
TO560 03/16/2009 05:15 r f Oncothyreon-NASDAQ
(SEATTLE) Oncothyreon regains compliance with NASDAQ listing requirements
CNM034 03/16/2009 05:26 r f CADFund-Office-Opens
(JOHANNESBURG) China-Africa Development Fund Opens First Office in Africa
HKM002 03/16/2009 05:45 r f Prime-Source-Speaker
(HONG KONG) Key Note Speaker, Nicholas Kwan, Head of Research at Standard
Chartered Bank to Set the Scene at the 2009 Prime Source Forum
HKM001 03/16/2009 05:46 r f Prime-Source-Workshop
(HONG KONG) Sustainable Fashion Business Consortium Allies with the
Prime Source Forum Organisers to Offer Sustainability Workshop
HKM003 03/16/2009 05:48 r f Fufeng-Annual-Results
(HONG KONG) Fufeng Announces Outstanding 2008 Annual Results
CL83683 03/16/2009 06:00 r f GA-Gray-TV-Earnings
(ATLANTA) Gray Reports Operating Results For the Three-Month
Period and Year Ended December 31, 2008
DA83853 03/16/2009 06:00 r f TX-FarEastEnergyArrow
(HOUSTON) Far East Energy Announces Strategic Relationship and
Total Funding of up to $63 Million
DA83877 03/16/2009 06:00 r f TX-Reddy-Ice-trading
(DALLAS) Reddy Ice Officers Establish Rule 10b5-1 Trading Plans
DC83955 03/16/2009 06:00 r f VA-PracticeGreenhealt
(ARLINGTON) Practice Greenhealth Enters Partnership with Johnson &
Johnson for Health Care Sustainability Research and Training
FL83869 03/16/2009 06:00 r f MN-SWIFT-weather
(MINNEAPOLIS) Weather Defender for Emergency Management and
First Responders Released by SWIFT Weather
LA83959 03/16/2009 06:00 r f NY-TX-CARRERA-SXSW
(NEW YORK and AUSTIN) CARRERA Cafe Fuels Artists & VIPs in Austin During
SXSW
NE83728 03/16/2009 06:00 r f MA-DirectImpactGroup
(NEWTON) Andrew Gordon to Co-host Electronic Retailing Association Webinar
'Optimizing Your DRTV During a Downturn: The Ultimate DRTV Stimulus
Package'
NE83805 03/16/2009 06:00 r f MD-PAREXEL-address
(BOSTON) PAREXEL Experts to Address Benefits of Rigorous Early
Phase Development at Annual ASCPT Meeting
NY83490 03/16/2009 06:00 r f NY-FLWS-green-holiday
(CARLE PLACE) Raise Your Green Beer and Give a Cheer for St. Patrick's
Day!
NY83798 03/16/2009 06:00 r f TX-Platts-CrudeMarker
(HOUSTON) Platts Launches New Americas Crude Marker to
Capture U.S. Gulf Coast Values
NY83810 03/16/2009 06:00 r f TN-Provectus-Pharma
(KNOXVILLE) Video: Provectus PV-10 Interim Phase 2 Safety and Efficacy
Results are as Good as or Better than Phase 1 Results
NY83863 03/16/2009 06:00 r f NV-MGM-MIRAGE-Fator
(LAS VEGAS) Video: Terry Fator & His Cast of Thousands
Celebrates Opening Night at The Mirage
NYM067 03/16/2009 06:00 r f NY-China-Nat-Gas-earn
(NEW YORK) China Natural Gas Announces Fourth Quarter and
Full Year 2008 Financial Results
SF83459 03/16/2009 06:00 r f CA-Ascom-ISO-Cert
(LAKE FOREST) Ascom, Inc. Awarded ISO 9001 Compliance Certification
SF83761 03/16/2009 06:00 r f CA-aTyrPharmaHongKong
(SAN DIEGO) aTyr Pharma to Present at ChinaBio(R) Investor Forum in Hong
Kong
SF83829 03/16/2009 06:00 r f MO-STXS-Credit-Facili
(ST. LOUIS) Stereotaxis Extends Its Credit Facility With Silicon Valley
Bank
SF83832 03/16/2009 06:00 r f CA-Posit-Science
(SAN FRANCISCO) Posit Science Provides Free Brain Health Tips and
Tools in Celebration of Brain Awareness Week
SF83885 03/16/2009 06:00 r f TX-NamingForce.com
(HOUSTON) Website Uses 'Crowdsourcing' To Help Businesses Name Their
Products
SF83886 03/16/2009 06:00 r f AZ-AKT-Offshore-in-MX
(TUCSON) German Automotive Supplier To Set Up Operations in Saltillo,
Mexico
SF83908 03/16/2009 06:00 r f WA-VerdiumAppointsNew
(SEATTLE) Verdiem Positions Itself for Enterprise Growth and Appoints
New Vice Presidents of Marketing and Worldwide Sales
SF83914 03/16/2009 06:00 r f WA-VerdiumLaunches
(SEATTLE) Verdiem Launches Channel Partner Program to Extend
SURVEYOR PC Power Management Software Availability
SF83938 03/16/2009 06:00 r f CA-Solarbuzz-Reports
(SAN FRANCISCO) Solarbuzz Reports World Solar Photovoltaic
Market Grew To 5.95 Gigawatts in 2008
SF83947 03/16/2009 06:00 r f CA-PMI-Grp-4q-YE08ern
(WALNUT CREEK) The PMI Group, Inc. Reports Fourth Quarter and
Year End 2008 Financial Results
SF83952 03/16/2009 06:00 r f NV-Posit-Brain-Week
(LAS VEGAS) Brain Fitness Industry Growth Driven By Science
UKM004 03/16/2009 06:04 r f GoldenSource-Corporat
(LONDON and NEW YORK) GoldenSource Launches Derivatives
Solution to Offer Complete View of Risk
SF81758 03/16/2009 06:13 r f CA-LUMEDXMennanMedica
(OAKLAND) LUMEDX and Mennen Medical(R) Announce Agreement
for a Strategic Cooperation
TO566 03/16/2009 06:15 r f SinoForestQ4&08result
(TORONTO) Sino-Forest Reports Fourth Quarter and 2008 Results
DC83941 03/16/2009 06:30 r f DC-Pakistan-murders
(WASHINGTON) Brutal Murder of Ahmadi Muslim Husband and Wife In Pakistan
LA83564 03/16/2009 06:30 r f WA-LTC-Financial-Part
(KIRKLAND) No Bailout Needed: Long Term Care Insurance Leader
Declares Dividend, Plans Strong 2009 Growth
NY83951 03/16/2009 06:30 r f MA-Insulet-financing
(BEDFORD) Insulet Receives $60 Million Funding Commitment
TO552 03/16/2009 06:30 r f Ivanhoe-Energy-Q4
(VANCOUVER) Ivanhoe Energy 2008 fourth-quarter results and update on
operations
NE83468 03/16/2009 06:32 r f CT-NE-Utilities-IPO
(BERLIN) Northeast Utilities Announces Proposed Offering of Common Shares
CNM036 03/16/2009 06:35 r f CPBY-Announce-Results
(SHENZHEN) China Information Security Technology, Inc. Announces
Strong Fourth Quarter and Year 2008 Results
CL83925 03/16/2009 06:52 r f ChinaAgritechComplete
(BEIJING) China Agritech, Inc. Completes 100,000-ton-Capacity
Granular Organic Fertilizers Production Facility in China
CLM005C 03/16/2009 06:55 r f NY-AgFeed-Ind.-earns
(NEW YORK) AgFeed Industries, Inc. Reports Record 2008 Financial Results
CG82212 03/16/2009 07:00 r f MN-Infinite-Campus
(BLAINE) Franklin Township Selects Infinite Campus to Meet
Its Growing Information Needs
CG83918 03/16/2009 07:00 r f IL-KapStone-Q4-earn
(NORTHBROOK) KapStone Reports Fourth Quarter and Full Year 2008 Results
CG83956 03/16/2009 07:00 r f NY-CRE-dividend-CFO
(NEW YORK) Care Investment Trust Inc. Announces Quarterly Dividend
- Appoints Paul F. Hughes CFO and Treasurer
CL83651 03/16/2009 07:00 r f FL-eDiets-free-food
(FORT LAUDERDALE) eDiets(R) Gives Away 350 Days of Free Food!
CL83653 03/16/2009 07:00 r f OH-Dana-Holding-ern
(TOLEDO) Dana Holding Corporation Reports 2008 Results
CNM026 03/16/2009 07:00 r f WH-2008-Dividends
(WUXI) WSP Announces Cash Dividends
CNM037 03/16/2009 07:00 r f PUDC-Announce-Results
(TAIYUAN) Puda Coal Announces Fourth Quarter and Full Year 2008 Results
DA83713 03/16/2009 07:00 r f TX-American-oneworld
(FORT WORTH) oneworld Airlines Respond to U.S. DOT Request for
Information About Antitrust Immunity Application
DA83774 03/16/2009 07:00 r f OH-ECCOEnergyOhioWell
(HOUSTON) ECCO Energy Establishes Production at Radcliffe D #1 Well in
Ohio
DA83953 03/16/2009 07:00 r f TX-Flotek-Industries
(HOUSTON) Flotek Industries Reports Fourth Quarter and Full Year 2008
Results Including Non-Cash Goodwill Impairment Charge
DC83913 03/16/2009 07:00 r f MD-SATELLITE2009Adds
(ROCKVILLE) SATELLITE 2009 Conference and Exhibition Show Floor Adds 50
FL83868 03/16/2009 07:00 r f NY-Not4Dating.com
(NEW YORK) Make New Friends and Meet New People Locally For Free
on Recently Launched Not4Dating.com
LA83757 03/16/2009 07:00 r f FlipChip-SMIC-Partner
(SHANGHAI) FlipChip International, LLC, Announces 300mm
Strategic Partnership With SMIC
LA83818 03/16/2009 07:00 r f CA-Prometheus-IBS
(SAN DIEGO) Prometheus Receives New York State Approval for
PROMETHEUS(R) IBS Diagnostic, First Blood Test for Irritable Bowel
LA83884 03/16/2009 07:00 r f ProLogis-lease-agree
(PRAGUE) ProLogis Signs Lease Agreement for 136,000 Square Feet With
European Communications Distributor in the Czech Republic
NE83929 03/16/2009 07:00 r f MD-UnitedTherap-FDA
(SILVER SPRING) United Therapeutics Announces Probable Delay in
Approval Timeline for Inhaled Treprostinil (Tyvaso)
NY83470 03/16/2009 07:00 r f MD-Micromet-at-AACR
(BETHESDA) Micromet to Present Six Posters on Progress of BiTE Antibodies
at the Annual Meeting of American Association for Cancer Research
NY83578 03/16/2009 07:00 r f NJ-GLBC-Award-ATLANTI
(FLORHAM PARK) Global Crossing Receives Two ATLANTIC-ACM 2009
U.S. Wholesale Carrier Excellence Awards
NY83843 03/16/2009 07:00 r f GA-Asbury-Q4-Earns
(DULUTH) Asbury Automotive Group Reports Fourth Quarter and
Full Year 2008 Financial Results
NY83912 03/16/2009 07:00 r f NY-Fortress-earnings
(NEW YORK) Fortress Reports Fourth Quarter & Year End 2008 Financial
Results
NY83971 03/16/2009 07:00 r f NY-Stock-Preacher
(VALLEY COTTAGE) Stock Preacher Issues Technical Trade Alerts
on: AA, AAPL, BAC, BBT, BRK.A
NY83973 03/16/2009 07:00 r f NY-Stock-Preacher
(VALLEY COTTAGE) Stock Preacher Issues Technical Trade Alerts
on: C, GE, GM, PALM, RIMM, TSM
PH83922 03/16/2009 07:00 r f NJ-OrchidCellmark-ern
(PRINCETON) Orchid Cellmark Reports Fourth Quarter and Full
Year 2008 Financial Results
PH83972 03/16/2009 07:00 r f VA-Innocoll-phase-III
(ASHBURN) Innocoll Announces Dosing of Last Patient in US Phase 3 Clinical
Trial to Investigate GENTAMICIN SURGICAL IMPLANT for Prevention
TO513 03/16/2009 07:00 r f SXC-Health-S&P-Index
(LISLE) SXC Health Solutions Added to S&P/TSX Composite Index
TO547 03/16/2009 07:00 r f Ritchie-Bros.auctions
(VANCOUVER) Ritchie Bros. conducts largest Spain and Quebec
auctions in company history
UN83930 03/16/2009 07:00 r f DC-Nat-League-Cities
(WASHINGTON) National League of Cities Welcomes Top Administration
Officials
CG83962 03/16/2009 07:01 r f NY-CRE-Earnings
(NEW YORK) Care Investment Trust Inc. Announces Fourth
Quarter and Full Year 2008 Results
NY83614 03/16/2009 07:06 r f SignetJewelers-Borrow
(HAMILTON) Signet Enters Into Amended Borrowing Agreements
DA83711 03/16/2009 07:15 r f OK-APAGF-Report-ERN
(TULSA) Apco Argentina Reports Net Income for 2008
PH83978 03/16/2009 07:15 r f NJ-DOR-BioPharma
(EWING) DOR BioPharma Appoints Gregg Lapointe, CPA, MBA, to
its Board of Directors
AQ83976 03/16/2009 07:16 r f TX-Hart-Energy
(HOUSTON) Hart's Sandrine Dixson-Decleve Chairs Key Session
at World Biofuels Markets 2009
DE83031 03/16/2009 07:30 r f MI-Dow-Recycle-Carpet
(MIDLAND) Dow Brings Recyclable Carpet One Step Closer to Reality
LA83821 03/16/2009 07:30 r f NV-IGT-JP-Morgan
(RENO) International Game Technology Management to Participate in the JP
Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum
LA83840 03/16/2009 07:30 r f NY-DrLaura-ExerciseTV
(NEW YORK) Dr. Laura Schlessinger and ExerciseTV Partner Together to
Launch 'Dr. Laura's Gettin' Fit! With Jason Baker'
LA83893 03/16/2009 07:30 r f NV-MPi-Rachor-joins
(LAS VEGAS) Automotive Retail Industry Veteran Jeff Rachor
Joins MPi Industry Advisory Council
LA83963 03/16/2009 07:30 r f CA-Qualcomm-Broadcom
(SAN DIEGO) Federal Court Dismisses Broadcom Complaint Against Qualcomm
NY83426 03/16/2009 07:30 r f Mexico'sLuxury-Avenue
(LOS CABOS) Luxury Avenue Brings Top Fashion Designs to Cancun and Los
Cabos
NY83701 03/16/2009 07:30 r f TX-ADS-PerformUpdate
(DALLAS) Alliance Data Provides Private Label Performance
Update for February 2009
NY83737 03/16/2009 07:30 r f NY-Jose-Cuervo-new
(NEW YORK) Jose Cuervo Introduces New Silver Tequila
NY83763 03/16/2009 07:30 r f CA-VirnteX-ListsOTCBB
(SCOTTS VALLEY) VirnetX Warrants Listed on OTCBB Under the
Symbols VHCOW, VHCOZ and VHCOL
NY83767 03/16/2009 07:30 r f VA-LL-Hires-Levy-CIO
(TOANO) Seth Levy Joins Lumber Liquidators as Chief Information Officer
NY83923 03/16/2009 07:30 r f Ecopetrol-S.A.Amilpar
(BOGOTA) Ecopetrol S.A. Agrees to Acquire Enbridge's Share in OCENSA
NY83933 03/16/2009 07:30 r f FL-FTI-launches
(WEST PALM BEACH) FTI Consulting Launches Due Diligence Product to
Aid Private Investment Managers In Transparency Efforts
PH83404 03/16/2009 07:30 r f FL-IAC-EZ-Tax-Calc
(DORAL) IAC-EZ Adds State Tax Calculation to Online Bookkeeping
TO546 03/16/2009 07:30 r f ONC-Reovirus-Research
(CALGARY) Oncolytics Biotech(R) Inc. Announces Reovirus Research
to be Presented at AACR Annual Meeting
PH83515 03/16/2009 07:35 r f PA-AnySourceMedia-3M
(MALVERN) AnySource Media Secures $3.2M in Funding for
Internet-Enabled HDTV Platform
LA80842 03/16/2009 07:45 r f TX-FTK-ConferenceCall
(HOUSTON) Webcast Alert: Flotek Industries Q4 and Full Year
2008 Earnings Conference Call
PH83375 03/16/2009 07:45 r f MD-Harta-Instruments
(GAITHERSBURG) New Microplate Luminometer and NIST Traceable
Luminometer Check Plate from Harta Instruments
TO562 03/16/2009 07:48 r f Tucows-Tender-Offer
(TORONTO) Tucows Inc. Announces Preliminary Results of Tender Offer
NYM051 03/16/2009 07:50 r f CA-Watson-Pharma-data
(CORONA) New, Published GELNIQUE Data Show Efficacy,
Convenience and Excellent Tolerability
PH83378 03/16/2009 07:50 r f TN-INEX/ZAMIR-redlite
(KNOXVILLE) INEX/ZAMIR and VESystems to Supply Trial Red Light
Enforcement System in Florida
CNM015 03/16/2009 07:52 r f CREG-Earnings-Call
(XI'AN) China Recycling Energy Corp. to Announce Fourth Quarter and
Fiscal 2008 Financial Results on Monday, March 23, 2009
PH83562 03/16/2009 07:55 r f LA-BurnerFireControl
(LAFAYETTE) Burner Fire Control Receives Prestigious Awards Four Years
Running
SF83802 03/16/2009 07:59 r f CA-Seagate-Cunningham
(SCOTTS VALLEY) Seagate Appoints Terry Cunningham as Senior Vice
President of Its Consumer Solutions and i365(TM) Services Divisions
AQ83825 03/16/2009 08:00 r f NJ-XceediumRev.Growth
(JERSEY CITY) Award-Winning Xceedium Reports Record Revenue
Growth and Customer Acceptance
CG83707 03/16/2009 08:00 r f IL-Illinois-ToolWorks
(GLENVIEW) ITW Reports 21 Percent Decrease in Operating Revenues for Three
Months Ended February 28, 2009; Company Lowers First Quarter 2009 Forecast
CG83765 03/16/2009 08:00 r f NV-Motorola-IWCE
(LAS VEGAS) Motorola Speakers Showcase Public Safety
Communications Expertise on 15 Panels at IWCE
CG83769 03/16/2009 08:00 r f PA-Steak-umm-Burgers
(READING) Show Off Your Civic Food Pride! Enter the
Steak-umm 'Hometown Burger' Contest
CG83791 03/16/2009 08:00 r f NJ-AXE-Unilever
(ENGLEWOOD CLIFFS) AXE Launches New Web Site to Help Guys Fix
Their Mind and Change Their Game
CG83794 03/16/2009 08:00 r f TX-RediClinic-new
(HOUSTON) RediClinic Introduces New Services and Reaffirms its
Commitment to Year-Round Service in Houston and Austin
CG83797 03/16/2009 08:00 r f IL-WTFC-WaynHummer
(LAKE FOREST) Wayne Hummer Asset Management Company Expands Its
Institutional Investment Business
CG83968 03/16/2009 08:00 r f VA-comScore,-Inc.
(RESTON) comScore: Mobile Internet Becoming a Daily Activity for Many
CL83708 03/16/2009 08:00 r f OH-Cardinal-Health
(DUBLIN) Cardinal Health Extends Radiopharmaceutical
Manufacturing Network to Nebraska
CL83817 03/16/2009 08:00 r f IL-Duff-and-Phelps
(CHICAGO) Two Closed-End Funds Advised by Duff & Phelps Investment
Management Will Redeem Series of Preferred Stock
CN83883 03/16/2009 08:00 r f China-Yongxin-Pharma
(CHANGCHUN) China Yongxin Pharmaceuticals Inc. Launches Electronic
Diagnosis System in its Changchun Drugstores
CNM001 03/16/2009 08:00 r f Auto-Shanghai-2009
(SHANGHAI) Auto Shanghai 2009 Press Credential Online
Application System Officially Launched
CNM002 03/16/2009 08:00 r f Ticket-Auto-Shanghai
(SHANGHAI) Ticket of Auto Shanghai 2009 is Now Open for Booking
CNM008 03/16/2009 08:00 r f CTFO-Signs-Contract
(BEIJING) China TransInfo Technology Corp. Signs Contract to
Provide Real-time Traffic Data to Motorola
CNM020 03/16/2009 08:00 r f LFT-Signs-Contract
(XIAMEN) Longtop Signs Contract to Expand and Optimize the Data
Warehousing System for a Big Four Bank in China
CNM032 03/16/2009 08:00 r f TSTC-Earnings-Call
(BEIJING) Telestone Technologies Corporation to Announce Fourth
Quarter and Full Year 2008 Financial Results on March 30, 2009
CNM035 03/16/2009 08:00 r f CAAS-Offical-Visit
(WUHAN) China Automotive Systems Hosted Hubei Government Officials Plant
Visit
DA83783 03/16/2009 08:00 r f CA-Frost-Sullivan-Awd
(MOUNTAIN VIEW) Frost & Sullivan to Present the 2009 Excellence in
Medical Technologies & Life Sciences Awards
DA83875 03/16/2009 08:00 r f TX-SafeMashups-launch
(SAN ANTONIO) SafeMashups Inc., Launches the World's First Application
Authentication Solution to Accelerate the Adoption of High-Value Business
DA83967 03/16/2009 08:00 r f TX-SaveOnEnergy.com
(DALLAS) SaveOnEnergy.com and Choose Energy Announce
Expansion of Strategic Partnership
DC83444 03/16/2009 08:00 r f INDUS-TFHRC-award
(VIENNA) INDUS Corporation Awarded IT Engineering Services Work
at Turner-Fairbank Highway Research Center
DC83964 03/16/2009 08:00 r f DC-AAHA-on-the-road
(WASHINGTON) African American Health Alliance: On The Road to Health
Reform
DE83567 03/16/2009 08:00 r f MI-Ricardo-Energy
(VAN BUREN TWP.) Ricardo Makes Key Clean Energy Appointments
FL83293 03/16/2009 08:00 r f FL-TampaLatinChamber
(TAMPA) Study Gives Birth to a New Tampa Hispanic Business Organization
FL83408 03/16/2009 08:00 r f FL-MEDai-analytics
(ORLANDO) Leading Healthcare Organizations Share Successes
Realized with MEDai's Predictive Analytics
FL83755 03/16/2009 08:00 r f NY-Samtheo-Moffitt
(NEW YORK) Samtheo Announces License Agreement with Moffitt Cancer
Center for Exclusive Rights to Novel Akt Inhibitor
LA83235 03/16/2009 08:00 r f VA-CSC-Virtual-Cyber
(FALLS CHURCH) CSC Establishes Virtual Cyber Security Center
LA83424 03/16/2009 08:00 r f CA-Ingram-Micro
(SANTA ANA) Ingram Micro Earns Distinguished IBM Tivoli VAD
for Overall Contribution
LA83542 03/16/2009 08:00 r f CO-CIBER-MetroContrac
(GREENWOOD VILLAGE) CIBER Awarded St. Louis Metro ERP Contract
LA83748 03/16/2009 08:00 r f MA-NEI-stock-repurch
(CANTON) NEI Re-Institutes Stock Repurchase Program
LA83799 03/16/2009 08:00 r f TX-LNY-Report-Q4-ERN
(HOUSTON) Landry's Restaurants, Inc. ('LNY'/NYSE) Reports Fourth
Quarter 2008 and Year End Financial Results
LA83934 03/16/2009 08:00 r f CA-Rayspan-EuCAP09
(SAN DIEGO) Metamaterial Pioneer Rayspan to Present IEEE Distinguished
Lecture and Exhibit Its WLAN and WWAN Applications at the Third European
LA83957 03/16/2009 08:00 r f CA-Masimo-study
(March 16) New Clinical Study Finds Masimo Rainbow SET(R) Pulse
LA83961 03/16/2009 08:00 r f CA-Broadcom-IP-Phone
(IRVINE) Broadcom Introduces New Persona(TM) IP Communications Platform
NE83541 03/16/2009 08:00 r f CA-Fujitsu-Encoder
(SUNNYVALE) Fujitsu IP-9500 MPEG-4 AVC Encoder now Features
DVB-S and DVB-S2 Modulation Capabilities
NE83590 03/16/2009 08:00 r f PA-AllinCorp.-Dereg
(PITTSBURGH) Allin Corporation Has Filed to De-Register Its Securities
NE83595 03/16/2009 08:00 r f VA-ISSF-SustainsTuna
(MCLEAN) First Global Partnership of Scientists, Environmental
Organizations, and Seafood Companies Launched to Promote Tuna
NE83666 03/16/2009 08:00 r f MA-IronMt-Reseller
(BOSTON) Iron Mountain Digital and Envisional Bring Together Brand
Protection, Anti-Counterfeit and Intellectual Property Management Services
NE83780 03/16/2009 08:00 r f MD-Hughes-Bantel
(GERMANTOWN) Bantel Telecom Selects HUGHES HN System to Provide
Broadband Satellite Services in Latin America
NEM050 03/16/2009 08:00 r f VA-Evolver-elects
(RESTON) Evolver Names John Sweeney President of Legal Services Division
NY83184 03/16/2009 08:00 r f NY-BA-Insight-Expands
(WHITE PLAINS) Microsoft Search Partner BA-Insight Expands
International Operations
NY83581 03/16/2009 08:00 r f OH-PG-Bounty-Brand
(CINCINNATI) Improved Bounty Brings A Value To Consumers
NY83693 03/16/2009 08:00 r f NJ-Halpern-Grp-bonds
(SPRINGFIELD) As the FDIC, U.S. Banks and Insurance Companies Struggle to
Survive, The Halpern Group Taps Treasury Bonds to Secure Plaintiffs'
NY83838 03/16/2009 08:00 r f Platform-Computing
(TORONTO) Platform Computing Sees Strong Growth in Financial Services
Business
NY83909 03/16/2009 08:00 r f NY-ReaderDigest-HCL
(PLEASANTVILLE) Reader's Digest Association and HCL Technologies Sign
Long-Term IT Outsourcing Agreement; Alliance to Provide RDA with
NYM054 03/16/2009 08:00 r f NJ-Curtiss-Wright-con
(PARSIPPANY) Curtiss-Wright Receives Multi-Million Dollar
Follow-On Contract From Japan Ministry of Defense
PH83573 03/16/2009 08:00 r f MD-RWD-promotes
(BALTIMORE) RWD Technologies Promotes Brian Lapthorn to Bring
Performance Improvement to Midwest and Canadian Customer Base
PH83604 03/16/2009 08:00 r f PA-CheapCaribbean.com
(DOYLESTOWN) CheapCaribbean.com Celebrates 1,000,000th Email Subscriber
PH83612 03/16/2009 08:00 r f MD-RWD-promotes
(BALTIMORE) RWD Technologies Promotes James Pickett to Bring
Performance Improvement Solutions to Southeast Region Customer Base
PH83688 03/16/2009 08:00 r f VA-Stanley-at-conf
(ARLINGTON) Stanley to Present at B. Riley & Co. 10th
Annual Investor Conference
PH83792 03/16/2009 08:00 r f WA-SaltWorks-sea-salt
(WOODINVILLE) SaltWorks' Gourmet Sea Salts Are a Step Ahead
of a Top Food Trend for 2009
PH83928 03/16/2009 08:00 r f PA-Sigma-at-IPTV-show
(PHILADELPHIA) Media Alert: Sigma Systems to Speak and Demonstrate
Its Fulfillment Solutions at IPTV World Forum 2009
SF82367 03/16/2009 08:00 r f CA-Actel-SoftConsole
(MOUNTAIN VIEW) Actel Announces SoftConsole Version 2.2 - Free
Embedded Software Development Environment
SF83312 03/16/2009 08:00 r f VarianMed-China-Med
(BEIJING) Varian Medical Systems to Exhibit Cancer Treatment and
X-ray Imaging Technologies at China Med Exhibition
SF83592 03/16/2009 08:00 r f FL-Oracle-Mantas
(HOLLYWOOD) Oracle Financial Services Software Announces New
Release of Oracle(R) Mantas
SF83603 03/16/2009 08:00 r f CA-Atmel-AVR32
(SAN JOSE) Atmel Introduces an AVR32 Digital Audio Gateway Reference
Design for Digital Audio Streaming, Decoding and Playback
SF83721 03/16/2009 08:00 r f CA-AVerMedia-VolarMAX
(MILPITAS) AVerMedia(R) Launches the Solution to the Question,
Are You a PC or Are You a Mac?
SF83782 03/16/2009 08:00 r f CA-VUDUIntroducesPand
(SANTA CLARA) VUDU Introduces Pandora, First Music Application for VUDU
SF83800 03/16/2009 08:00 r f WA-NetworkComputing
(BELLEVUE) Network Computing Architects, Inc. (NCA) Moves
Enterprises to Smarter Wi-Fi with Ruckus Wireless
SF83826 03/16/2009 08:00 r f CA-AppliedWeatherTech
(SUNNYVALE) Applied Weather Technology Guides Mercy Ships With
Latest BVS Marine Voyage Optimization Software
SF83827 03/16/2009 08:00 r f CA-LeapFrog-Reading
(EMERYVILLE) Parents Surf Net, Watch TV Eight Times as Much
as They Read to Their Children
SF83842 03/16/2009 08:00 r f CA-Aerojet-NASA
(SACRAMENTO) Aerojet Technology Supports NASA's STS-119
Mission to International Space Station
SF83847 03/16/2009 08:00 r f CA-Expresso-Fitness
(SUNNYVALE) Expresso Fitness(R) Launches First Virtual
Reality Cardio Bike for Kids
SF83906 03/16/2009 08:00 r f CA-OracleDeliversonHP
(REDWOOD SHORES) Oracle Delivers World Record Java Virtual Machine
Performance for Windows With SPECjbb2005 Benchmark
SF83907 03/16/2009 08:00 r f CA-Oracle-WorldRecord
(REDWOOD SHORES) Oracle Delivers World Record Java Virtual Machine
Performance for an x86-Based System on Linux with SPECjbb2005 Benchmark
SF83910 03/16/2009 08:00 r f CA-OracleDeliversWorl
(REDWOOD SHORES) Oracle Delivers World Record Java Virtual Machine
Performance Result for a Four Socket Intel-Based System on SPECjbb2005
SF83921 03/16/2009 08:00 r f CA-Oracle-FujitsuSiem
(REDWOOD SHORES) Oracle Sets World Record SPECpower_ssj2008
Benchmark Result; Beats all Previously Published Results
SF83960 03/16/2009 08:00 r f CA-salesforce.com-10
(SAN FRANCISCO) Salesforce.com Celebrates 10 Years of Customer Success
SF83965 03/16/2009 08:00 r f PetroAlgae
(BRUSSELS) PetroAlgae Takes Its Message of Commercialization of Next
Generation Biofuels to World Biofuels Markets 09
SF83966 03/16/2009 08:00 r f CA-OmniVision-expands
(SANTA CLARA) OmniVision Expands High-End Portfolio With 9
Megapixel 1080p HD Video Image Sensor
SF83969 03/16/2009 08:00 r f CA-Orexigen-Thera
(SAN DIEGO) Orexigen(R) Therapeutics to Speak at Cowen &
Company Healthcare Conference
TO557 03/16/2009 08:00 r f Sierra-accreditation
(VANCOUVER) Newly accredited testing facilities help to streamline
development for Sierra Wireless OEM customers
UKM005 03/16/2009 08:00 r f Avinity
(BERLIN) Avinity Systems and Virgin Media Demonstrate
Next-Generation User Experiences at Cable Congress 2009
NY83731 03/16/2009 08:01 r f NY-Zeta-Hires-DiGuido
(NEW YORK) Zeta Interactive Names George DiGuido Vice
President of Email Marketing
NY83987 03/16/2009 08:01 r f NH-SkillSoft-New-BOD
(NASHUA) SkillSoft Announces Appointment of William Boyce
to its Board of Directors
SF83974 03/16/2009 08:02 r f Think-Services-Game
(SHANGHAI) Think Services' Game Developers Conference China to Host
Press Conference Announcing Critical Government Support
LA83831 03/16/2009 08:04 r f TX-Entrust,-Inc.-SIIA
(DALLAS) Entrust's Risk-Based Authentication Platform Named
Finalist for the SIIA CODiE Awards
PH83446 03/16/2009 08:05 r f MA-iUniverse-College
(WESTON) 'The College Selection Compass: Helping Families
Navigate a Difficult Course'
PH83812 03/16/2009 08:05 r f MA-Sugar-Labs-New
(CAMBRIDGE) Sugar Labs Nonprofit Announces New Version of Sugar
Learning Platform for Children, Runs on Netbooks and PCs
NE83406 03/16/2009 08:08 r f NY-SteinwayLoansPiano
(LONG ISLAND CITY) Steinway Loans Grand Piano for
Performances at Paper Mill Playhouse
NE83413 03/16/2009 08:08 r f NY-Steinway-Exhibit
(LONG ISLAND CITY) Master Piano Casemaker to Work in Window
of Steinway Hall, NY
UKM006 03/16/2009 08:08 r f Misys-plc
(LONDON) Misys Unveils Latest Real-Time Collateral Management
Solution for Banks and Investment Managers
PH83819 03/16/2009 08:10 r f CO-FirstPass-Engineer
(DENVER) Cray Selects FirstPass Engineering for ASIC Design
Services in Next-Generation Supercomputer Platform
CG83733 03/16/2009 08:14 r f PA-SUN-CRYSTALS
(FORT WASHINGTON) New, All-Natural SUN CRYSTALS(R) Sweetener
With Stevia now Available
PH83410 03/16/2009 08:15 r f CA-CardScanningSoluti
(CULVER CITY) Card Scanning Solutions Begins a New Era of
Hands-On Customer Service
NY83944 03/16/2009 08:18 r f NJ-Wyndham-Securtztn
(PARSIPPANY) Wyndham Worldwide Completes $46 Million Term Securitization
PH83448 03/16/2009 08:20 r f OH-Trinadgey-Launch
(HUBER HEIGHTS) Trinadgey Launches to Sci-Fi Lovers via New
Online Portal Trinadgey.com
PH83566 03/16/2009 08:20 r f IL-SignatureForum-New
(EVANSTON) SignatureForum.com Relaunches with New Ratings Features
NY83732 03/16/2009 08:22 r f NY-MarthaStewrtPurina
(NEW YORK) Martha Stewart Living Omnimedia, Inc. Launches Pets Initiative
TO551 03/16/2009 08:24 r f Farallon-Court-Ruling
(VANCOUVER) Farallon Announces Favourable Ruling on Wiltz Case
PH83450 03/16/2009 08:25 r f CA-CallTekCenter-new
(IRVINE) CallTek Center International Inc. Launches New Hosted
Provisioning and Monitoring System for Private Cable Operators
NY83995 03/16/2009 08:26 r f NY-Bunge-Limited-Div.
(WHITE PLAINS) Bunge Limited Declares Dividends on Common and Preference
Shares
PH83991 03/16/2009 08:26 r f VA-4StarCamps-SATprep
(CHARLOTTESVILLE) 4 Star Camps Teams Up With Cambridge Educational
Services,
DC83998 03/16/2009 08:27 r f Census-Economy-Report
(WASHINGTON) First Results from the 2007 Economic Census to be Released
NY83724 03/16/2009 08:29 r f NJ-Queplix-QueSearch
(PRINCETON) Queplix Unveils Universal Search Solution
AQ83822 03/16/2009 08:30 r f TX-Movero-Technology
(AUSTIN) Movero Technology Enhances Mobile IT Services With
Over-the-Air Mobile Device Management
CL83535 03/16/2009 08:30 r f OH-AK-Steel-Q109Date
(WEST CHESTER) AK Steel Announces First Quarter 2009 Earnings Date
LA83231 03/16/2009 08:30 r f VA-CSC-Uni-Xchange
(FALLS CHURCH) CSC Wins Two Corporate University Xchange Awards for
Learning
LA83752 03/16/2009 08:30 r f CA-Nirvanix-LunarStor
(SAN DIEGO) Nirvanix Delivers Affordable, Easy-To-Manage Offsite
Storage for Lunar Reconnaissance Orbiter
MO561 03/16/2009 08:30 r f e-AbitibiBowater-priv
(MONTREAL) AbitibiBowater announces extension of expiration date for
private
MO563 03/16/2009 08:30 r f e-AbitibiBow.-recapit
(MONTREAL) AbitibiBowater supplements its recapitalization announcement
NEM051 03/16/2009 08:30 r f PA-SEI-Habitat-UK
(OAKS) $33 Million (24 Million Pounds Sterling) Habitat UK Pension and
Life Assurance Plan Appoints SEI for Fiduciary Management
NY83558 03/16/2009 08:30 r f CA-ARE-Dividend
(PASADENA) Alexandria Real Estate Equities, Inc. Declares
Quarterly Cash Dividend
NY83718 03/16/2009 08:30 r f BT-top-ranked-satisfy
(LONDON) BT Ranked Top Global Operator for Customer Satisfaction
NY83738 03/16/2009 08:30 r f NJ-ICON-&-MedAvante
(DUBLIN and Hamilton) ICON and MedAvante Sign Alliance Agreement
NY83940 03/16/2009 08:30 r f Aegean-Expands-Patras
(PIRAEUS) Aegean Marine Petroleum Network Inc. Expands to New Greek Market
NY83990 03/16/2009 08:30 r f NY-Assurant-Elects
(NEW YORK) Assurant Appoints Sylvia R. Wagner Executive Vice
President, Human Resources and Development
PH83494 03/16/2009 08:30 r f MD-Host-Hotels-div
(BETHESDA) Host Hotels & Resorts Announces Quarterly
Dividend on Preferred Stock
PH83655 03/16/2009 08:30 r f AZ-ECPA-Fair-Debut
(PHOENIX) First-Ever Christian Book Expo to Connect Thousands
of Consumers With 200+ Authors
SF83607 03/16/2009 08:30 r f CA-Atmel-Corporation
(SAN JOSE) Atmel Collaborates With IAR Systems to Accelerate
Application Development for AT91SAM ARM Micros
SF83807 03/16/2009 08:30 r f NJ-FINCAD-AlliancePro
(EDISON) Shadow Financial Systems Leverages FINCAD Analytics
to Extend Its Derivative Coverage
SF83848 03/16/2009 08:30 r f UT-FreshBrain-GOED
(SALT LAKE CITY) State of Utah Taps FreshBrain to Ready High School
Students for Careers in Science, Technology, Engineering and Math
PH83664 03/16/2009 08:35 r f CA-Green-Nest-Sally-J
(IRVINE) Sally Jessy Raphael Bids Farewell to Her Infamous
Red Glasses, Reports Green Nest
UKM007 03/16/2009 08:38 r f Shire-plc
(DUBLIN) Shire Withdraws European Application for DAYTRANA(TM)
(Methylphenidate Transdermal System)
CNM038 03/16/2009 08:45 r f FUQI-PreQ4-Results
(SHENZHEN) FUQI International Announces Preliminary 2008
Fourth Quarter Financial Results
PH84007 03/16/2009 08:46 r f NY-Goodfellas-pizza
(NEW YORK) Goodfella's Pizza of Staten Island, New York Wins
'World's Best Pizza' Contest
CL84008 03/16/2009 08:51 r f NY-SmartHeat-ern-date
(NEW YORK) SmartHeat Inc. to Report Fiscal Year 2008 Financial
Results on March 18, 2009 Before Market Opens
DC84014 03/16/2009 08:57 r f PA-MFRAP-2009-taxes
(HARRISBURG) Tax Time an Opportunity to Provide Assistance
to PA Military Families
PH83994 03/16/2009 08:58 r f PA-Endo-extends-offer
(CHADDS FORD) Endo Pharmaceuticals Extends Subsequent Offering Period
for Indevus Shares Until 5:00 pm EDT on Wednesday, March 18, 2009
AQ83521 03/16/2009 09:00 r f CA-Synopsys-Lynx
(MOUNTAIN VIEW) Synopsys Introduces Lynx Design System
CG83715 03/16/2009 09:00 r f IL-Sunstar-supplement
(CHICAGO) New Probiotic Supplement Helps Consumers Fight
Unhealthy Teeth and Gums
CG83986 03/16/2009 09:00 r f CA-Grubb-&-Ellis
(SANTA ANA) Grubb & Ellis Company Unveils New Brand Identity
CL83599 03/16/2009 09:00 r f GA-SIS-SoftwareLLC-PA
(ATLANTA) SIS Software, LLC Opens Pittsburgh Office
CL83639 03/16/2009 09:00 r f GA-Lancope-TRISC
(ATLANTA and AUSTIN) Lancope Addresses Network Security Troubleshooting
Using NetFlow with StealthWatch Network Behavior Analysis at TRISC 2009
CL83671 03/16/2009 09:00 r f PA-Elemica-LogiChem
(EXTON) Elemica Sponsors 2009 LogiChem Europe Conference
CL83897 03/16/2009 09:00 r f GA-GeckoSystems-robot
(CONYERS) Frost & Sullivan Recognizes GeckoSystems' Advanced
Mobile Robot Technologies
CLM030 03/16/2009 09:00 r f FL-DominoesStars-web
(BOCA RATON) DominoesStars Introduces Poker Style Experience to Online
Dominoes
DA83811 03/16/2009 09:00 r f TX-hotels.com-REVIEWS
(DALLAS) Finding the Great Breakfast Buffet, Enjoying Fine
Linens, and Avoiding Bed Bugs
DC73629 03/16/2009 09:00 r f NWFA-green-flooring
(ST. LOUIS) Real Wood Floors; Trees are a Renewable Resource
DC83709 03/16/2009 09:00 r f NY-ASAPS-statistics
(NEW YORK) Liposuction No Longer the Most Popular Surgical
Procedure According to New Statistics
DC83710 03/16/2009 09:00 r f ASAPS-surgery-survey
(NEW YORK) Survey Finds That Women Are More Likely to Consider Plastic
Surgery Than They Were Ten Years Ago, But Men Are Less Likely
DC83872 03/16/2009 09:00 r f FL-NCCN-cancer-care
(HOLLYWOOD) Experts Weigh in on Controversial Issue of
Determining Value of Cancer Care at NCCN Conference
DE83292 03/16/2009 09:00 r f NY-GasStationTV
(NEW YORK) Gas Station TV and Ford Produce Industry's First Echo Ads
LA83758 03/16/2009 09:00 r f CO-Heska-Corporation
(LOVELAND) Heska Announces Q4 and Annual 2008 Results
LA83932 03/16/2009 09:00 r f TX-GoTVNetworksRocks
(AUSTIN) GoTV Networks Rocks SXSW With Shiny Toy Guns, Asher
Roth and Other Leading Artists
LA83985 03/16/2009 09:00 r f CA-Cybracero-Systems
(LOS ANGELES) New Technology to Revolutionize the Way the Planet Does
Business
MO537 03/16/2009 09:00 r f e-EXFO-T1WirelessOper
(QUEBEC CITY) Tier 1 Wireless Operator Selects EXFO's Multiservice Test
Solution to Support Expansion of Next-Generation Wireless Network
NE83576 03/16/2009 09:00 r f MA-Courion-at-ISACA
(FRAMINGHAM) Courion Executive to Present at ISACA Los
Angeles 2009 Spring Conference
NE83589 03/16/2009 09:00 r f MA-Vertica-VMware
(BILLERICA) Vertica and VMware Discuss How Virtualization Can Transform
the Economics of Data Warehousing and Business Intelligence
NY83165 03/16/2009 09:00 r f TX-Healthpoint-trial
(FORT WORTH) Healthpoint Initiates Phase II, Dose-Finding Study to
Evaluate Effectiveness of a Unique Cell Based Therapy in Venous Leg Ulcers
NY83435 03/16/2009 09:00 r f NY-LightReading-web
(NEW YORK) New Look for Light Reading Launches Today
NY83471 03/16/2009 09:00 r f MA-Iredale-Sweet-15
(GREAT BARRINGTON) jane iredale - THE SKIN CARE MAKEUP(R)
Celebrates 15th Anniversary
NY83662 03/16/2009 09:00 r f NY-1U-MicroTCA-new
(ROCHESTER) Performance Technologies Announces Significant Advances
to its Integrated, 1U MicroTCA(TM) Systems Lineup
NY83744 03/16/2009 09:00 r f NH-The-Timberland-Co
(STRATHAM) Timberland Celebrates Opening of 474 Broadway Store with
Nature of a City Photography Exhibit Curated by powerHouse Books
NY83813 03/16/2009 09:00 r f MA-Everything-Channel
(FRAMINGHAM) Video: Everything Channel Events Launches its 2009 Line
Up with the Success of XChange Solution Provider
NY83815 03/16/2009 09:00 r f CA-mSpot.com-ringtone
(PALO ALTO) Ringtones Just Got Personal
NY83984 03/16/2009 09:00 r f VA-VW-RenewsWithMLS
(HERNDON) Volkswagen Renews Partnership as the Official
Automotive Partner of Major League Soccer
PH82884 03/16/2009 09:00 r f PA-Verizon-Expansion
(SOUDERTON) Souderton, Pennsylvania, Residents to Benefit From
Verizon Wireless Network Expansion
PH83365 03/16/2009 09:00 r f PA-ClearAlign-elects
(PHILADELPHIA) Clear Align Adds New Vice President of Business Development
PH83522 03/16/2009 09:00 r f VA-Hampton-Roads
(NORFOLK) Hampton Roads Ventures Tackles U.S. Healthcare
Crisis Community by Community
PH83649 03/16/2009 09:00 r f DC-Fannie-redemption
(WASHINGTON) Fannie Mae Redemption
PH83673 03/16/2009 09:00 r f NY-Dow-Jones-adds-S&P
(NEW YORK) Dow Jones Adds Standard & Poor's Credit Ratings
Changes to its Elementized News Feed
PH83900 03/16/2009 09:00 r f PA-Rita's-free-ice
(TREVOSE) Feed Your Spring 'FREE-ver' With Free Italian Ice From Rita's
PH83983 03/16/2009 09:00 r f DE-DuPont-expan-Nomex
(WILMINGTON) DuPont Completes Global Expansion of Nomex(R) Capacity
PH84009 03/16/2009 09:00 r f WA-GD-Itronix-laptop
(SPOKANE VALLEY) New General Dynamics Itronix GD8000 Notebook
takes 'Rugged' to the Next Level
SF82980 03/16/2009 09:00 r f CA-K-micro-FPGA-board
(SAN JOSE) K-micro Announces Availability of FPGA Board for
the CatsEye Development Systems
SF83430 03/16/2009 09:00 r f CA-UTStarcom-conf
(ALAMEDA) UTStarcom CTO to Speak at Financial Times-Oliver Wyman
Conference
SF83563 03/16/2009 09:00 r f CA-BitGravity-
(BURLINGAME) BitGravity Appoints Perry Clarke VP of Engineering
SF83608 03/16/2009 09:00 r f CA-DURECT-Trials
(CUPERTINO) DURECT Reports Positive Phase IIb Data from
TRANSDU(TM)-Sufentanil Clinical Program
SF83725 03/16/2009 09:00 r f Maple-Leaf-Foods-SAP
(TORONTO) Maple Leaf Foods Selects SAP Software to Enhance Business
Efficiency
SF83992 03/16/2009 09:00 r f IA-SmartyPigIntegrate
(DES MOINES) SmartyPig.com Integrates With Money Management Sites
SF83999 03/16/2009 09:00 r f TX-Mint.com
(AUSTIN) Mint.com Adds 1 Millionth User
SPM099 03/16/2009 09:00 r f Hering-4Q08-conf-call
(BLUMENAU) Webcast Alert: Cia. Hering S.A. Announces Fourth
Quarter 2008 Results Webcast
TO538 03/16/2009 09:00 r f RBC-Wealth-Management
(MINNEAPOLIS) Ferris, Baker Watts Changes Name To RBC Wealth Management
TO564 03/16/2009 09:00 r f MicroPlanet-SmartGrid
(SEATTLE) MicroPlanet Receives Orders for New Generation of Smart
Grid Technology from Commercial Businesses
UKF011 03/16/2009 09:00 r f Qnective-Inc.
(ZURICH) Market Launch of True Carrier-supported Mobile VoIP
AQM062 03/16/2009 09:01 r f CA-Computershare
(NEW YORK) Computershare to Acquire Kurtzman Carson Consultants
PH84018 03/16/2009 09:02 r f NY-EvolveStyle-site
(NEW YORK) EvolveStyle.com Globalizes Style and Image
Consulting With Just a Mere Click
AQ83742 03/16/2009 09:05 r f CA-Synopsys-Yield
(SAN JOSE) Synopsys Announces Yield Explorer - Design-Centric
Yield Management for Product Engineering Teams
CL83547 03/16/2009 09:05 r f FL-Internat'lCoastal
(WEST PALM BEACH) International Coastal Biofuels Announces New Chief
Executive Officer; International Coastal Biofuels Announces Potential
DC83776 03/16/2009 09:05 r f AIUSA-statement-Obama
(WASHINGTON) Obama Administration's Removal of Enemy Combatant
Designation is a Strong Symbolic Gesture, Says Amnesty International
CL84016 03/16/2009 09:09 r f GA-SYNLawn-saves-H2O
(ATLANTA) Consumers Can Save Up to 70% on Their Water Bill With
SYNLawn's Artificial Grass Systems
DA83997 03/16/2009 09:10 r f TX-BeaconEquity.com
(DALLAS) Beacon Equity Issues Technical Trade Alerts on Market
Movers: GG, KG, PMCS, SNDK, AMAT, ATVI
NE83789 03/16/2009 09:10 r f PA-FederatedInvestors
(PITTSBURGH) Federated Investors, Inc. Announces Launch of Three
Federated Clover Value Mutual Funds
NY84015 03/16/2009 09:10 r f White-Energy-acquire
(SYDNEY) White Energy Significantly Expands Original Merger
With US Listed ASSAC
NY84011 03/16/2009 09:11 r f FL-NeoGenomics-Hire
(FT. MYERS) NeoGenomics Appoints Douglas M. VanOort as Executive
Chairman and Interim Chief Executive Officer
CNM039 03/16/2009 09:12 r f DL-Files-20-F
(BEIJING) China Distance Education Holdings Limited Files
Annual Report on Form 20-F
CG83795 03/16/2009 09:15 r f NE-THE-MAIDS-Home
(OMAHA) Bust Your Dust Without Lifting a Finger: Enter the
Nobody Outcleans The Maids Sweepstakes
CL83980 03/16/2009 09:15 r f MI-BISSELL-contest
(GRAND RAPIDS) BISSELL(R) Contest Rewards Smart Shoppers
CL84006 03/16/2009 09:15 r f OH-Corrpro-merger-okd
(MEDINA) Corrpro Shareholders Approve Merger With a Subsidiary
of Insituform Technologies, Inc.
LA83888 03/16/2009 09:15 r f TX-Mainland-Griffith
(HOUSTON) Mainland Resources Reports Gas Flow of Over Half a BCF from the
Haynesville Shale on Griffith No. 1 Well Through March 10, 2009
DC84020 03/16/2009 09:17 r f CPRI-InsecticideStudy
(WASHINGTON) Crop Protection Research Institute Releases Findings of
New Comprehensive Study on Insecticide Use in United States
NY83256 03/16/2009 09:17 r f NY-AAFPRS-NonInvasive
(NEW YORK) New Survey Reveals 'The Lipstick Effect' With
Non-Invasive Facial Plastic Surgery Procedures
CL83891 03/16/2009 09:18 r f GA-PAG-Ahlers-distro
(ATLANTA) PAG Named as Exclusive Distributor for Ahlers
Aerospace Aftermarket Products
NY84017 03/16/2009 09:19 r f AZ-iCrossing-brands
(SCOTTSDALE) iCrossing to Share Insights on Building Connected Brands
NE83660 03/16/2009 09:24 r f VA-ArlingtonAsset-ern
(ARLINGTON) Arlington Asset Investment Corp. Reports 2008 Financial
Results
NY84025 03/16/2009 09:25 r f Daimler-Personnel
(STUTTGART) Personnel Changes at the Daimler Trucks Division
LA83931 03/16/2009 09:28 r f CA-Gen-Probe-Tepnel
(SAN DIEGO) Tepnel Shareholders Approve Acquisition by Gen-Probe
AQ83824 03/16/2009 09:30 r f GSK-Prostate-Health
(PHILADELPHIA) John McEnroe is Serious About Getting Men to Take
the '50 Over 50 Prostate Health Challenge'
CL83476 03/16/2009 09:30 r f TX-Statewide-Remodel
(GRAND PRAIRIE) Statewide Remodeling Named Preferred Service Provider
for Home Depot's Bath Liner and Remodeling Program
DC83260 03/16/2009 09:30 r f Dutko-new-DHS-leaders
(WASHINGTON) Former DHS Senior Leaders Joining Dutko Worldwide --
Establishing New Practice in Global Risk Management
FL84023 03/16/2009 09:30 r f FL-Sirion-Durezol-FDA
(TAMPA) Sirion Therapeutics Supplemental New Drug Application for
Durezol(TM) to Treat Uveitis is Accepted for Review by the FDA
LA83996 03/16/2009 09:30 r f NV-Beyond-Commerce
(HENDERSON) Beyond Commerce, Inc. Clarifies Friday's Posting of
3rd Quarter Financials on Yahoo Finance
MO554 03/16/2009 09:30 r f e-XplosiveStocks-Aler
(MONTREAL) XplosiveStocks.com: UTHR, AMED, ACGL, MICC,
LHCG, HMSY Hot Stock Alerts!
NY83699 03/16/2009 09:30 r f PA-McEnroe-Prostate
(PHILADELPHIA) John McEnroe is Serious About Getting Men to Take
the '50 Over 50 Prostate Health Challenge'
NY83939 03/16/2009 09:30 r f HelixBioPharma-Phase2
(AURORA) Helix BioPharma Receives Approval to Initiate Phase II
Pharmacokinetic Clinical Study of Topical Interferon Alpha-2b in Patients
with Low-Grade
NY83977 03/16/2009 09:30 r f TX-OcularLCD-Appoints
(RICHARDSON) Ocular LCD Appoints Phil Spivey President and
Chief Executive Officer
NY84024 03/16/2009 09:30 r f NY-Skyline-Wins-Green
(NEW YORK) Skyline Genesis Event Marketing Wins 'Green
Central' Terminal Competition
SF83313 03/16/2009 09:30 r f CA-Siperian-Data
(FOSTER CITY) Siperian Delivers Business Data Director: Broadens and
Advances the Effectiveness of Master Data Management Solutions
SF83584 03/16/2009 09:30 r f CA-Calif-Micro-Device
(MILPITAS) California Micro Devices Announces LuxGuard(TM), a
Family of High Brightness LED Protection Devices
CG83743 03/16/2009 09:31 r f IL-Seven-Summits-Alrt
(CHICAGO) Seven Summits Research Releases Alerts on JPM,
AMAT, FCX, MET, and QCOM
CG83747 03/16/2009 09:31 r f IL-Seven-Summits-Alrt
(CHICAGO) Seven Summits Research Releases Alerts on DIS, TXN, PNC, HAL,
and ABT
CG84004 03/16/2009 09:31 r f IL-Seven-Summits-Inv
(CHICAGO) Seven Summits Research Releases Comments on FDX,
NKE, ORCL, ADBE and GIS
DC84027 03/16/2009 09:31 r f USATODAY-traffic-up
(MCLEAN) USATODAY.com Reports 27% Year-Over-Year Traffic Increase
CL84021 03/16/2009 09:34 r f NC-2009-N.C.-CEOForum
(RALEIGH) N.C. CEO Forum Announces Steve Forbes as Keynote Speaker
NY84022 03/16/2009 09:34 r f NJ-Trane-Webinar
(PISCATAWAY) Facilities Engineers Learn 'How to Maintain Your Building
NY84000 03/16/2009 09:35 r f Mechel-OAO-MICEX
(MOSCOW) Mechel OAO Announces Inclusion of Its Shares on
MICEX Quotation List A1
NE84026 03/16/2009 09:38 r f OR-MovieGallery-Power
(WILSONVILLE) Movie Gallery and Hollywood Video Introduce
PowerPlay(TM) to Deliver Extraordinary Rental Value and Convenience
NY84029 03/16/2009 09:39 r f MA-febit-Sequence
(LEXINGTON) Automated Sequence Capture for Next-Generation
Sequencing Paves the Way for Personalized Medicine
DA84002 03/16/2009 09:40 r f TX-Beacon-Alerts-CATV
(DALLAS) Beacon Equity Issues Technical Trade Alerts on CATV
Leaders: TWC, DISCA, VIA-B, CMCSA, CVC, LMDIA
NY84036 03/16/2009 09:40 r f CT-Kayak.com-iPhone
(NORWALK) Kayak.com Announces New iPhone Application
CG84034 03/16/2009 09:44 r f AL-DST-Health-Mobile
(BIRMINGHAM) Mobile Emergency Group Implements DST Health
Solutions' Revenue Cycle Management Outsourcing Services
MO567 03/16/2009 09:44 r f e-Galazar-WDM-Muxpond
(OTTAWA) Galazar Introduces a Pre-Integrated WDM Muxponder Reference
Design
NE83780 03/16/2009 09:45 r f MD-Hughes-Bantel
(GERMANTOWN) Bantel Telecom Selects HUGHES HN System to Provide
Broadband Satellite Services in Latin America
LA84028 03/16/2009 09:46 r f CO-FreeWaveTech-share
(BOULDER) FreeWave Technologies' Founders Share $9 Million
With Company Employees
NY84038 03/16/2009 09:46 r f NJ-JacksonHewittpromo
(PARSIPPANY) Jackson Hewitt Offers Up Some 'March Magic'
DC84041 03/16/2009 09:49 r f Aveksa-joins-Utica
(WALTHAM) Aveksa Joins Center for Identity Management and
Information Protection (CIMIP) of Utica College
DC84039 03/16/2009 09:52 r f GA-Tech-Final-Four
(ATLANTA) Georgia Tech Professors Tout Impressive Track Record
for Predicting Final Four Match Ups
DC84049 03/16/2009 09:53 r f NHPCO-PCP-study
(ALEXANDRIA) Study Finds that Dying Patients and Families Suffer
from Lack of Continuity of Physician Care
DC84040 03/16/2009 09:55 r f U-Md-electric-energy
(COLLEGE PARK) For New Energy Options to Work, Better Storage Methods
Needed
DE84033 03/16/2009 09:55 r f MI-Jeep-new-lineup
(AUBURN HILLS) New Rocky Mountain Edition Models Add Excitement
and Value to 2009 Jeep(R) Lineup
NY83979 03/16/2009 09:55 r f CA-GlamMedia-Sports
(SILICON VALLEY) Glam Media's Brash.com Launches New Men's Sports
Channel Anchored by Leading Fans and Sports Network SB Nation
CL84037 03/16/2009 09:58 r f GA-Ventyx-2009-map
(ATLANTA) Ventyx Announces 2009 U.S. Renewable Energy Map
LA82342 03/16/2009 09:58 r f AgencyRoster-90octane
(DENVER) 90octane Hired by VISIT DENVER for an Integrated SEO and PPC
Program
CL83814 03/16/2009 10:00 r f GA-ARRIS-TradeShow
(SUWANEE) ARRIS Portfolio of Video, Data, Voice, Ad Insertion,
Assurance, FMC and Next-Gen Optics on Display at The Cable Show 2009
CNM028 03/16/2009 10:00 r f Himfr-Sanitary-Ware
(BEIJING) Himfr.com Reports the Top Four Fashion Trends in
Sanitary Ware for 2009
CNM029 03/16/2009 10:00 r f TooToo-Shopping-Trend
(BEIJING) Tootoomart.com Attracts More White-collar Workers via
Combination of B2C and C2C Benefits
DA83414 03/16/2009 10:00 r f TX-National-Instrumen
(AUSTIN) National Instruments Announces New Version of CompactRIO
Module Development Kit to Simplify Custom Module Design
DA84003 03/16/2009 10:00 r f TX-IntelliGender
(DALLAS) Pregnant? Curious About the Baby's Gender? Know if It's a Boy or
DC82459 03/16/2009 10:00 r f Sonus-class-action
(BOSTON) Summary Notice of Pendency and Proposed Settlement of Class
Action, Application for Attorneys' Fees and Expenses, and Fairness Hearing
DC83094 03/16/2009 10:00 r f AAOS-spring-cleaning
(ROSEMONT) Avoid Spring Cleaning Spills
DC83988 03/16/2009 10:00 r f NCCN-ovarian-cancer
(HOLLYWOOD) Early Detection Remains Key in Updated NCCN
Guidelines for Ovarian Cancer
DC84055 03/16/2009 10:00 r f MBAE-Teachers-21-Smmt
(BOSTON) Massachusetts Business and Educator Summit Targets the
State's Future Economic Strength through Education Reform
LA83993 03/16/2009 10:00 r f CO-CNTY-Erns-Confcall
(COLORADO SPRINGS) Century Casinos Reports Q4 2008 Results
NE84013 03/16/2009 10:00 r f CA-MatchCraft-add-SEM
(SANTA MONICA) MatchCraft Adds SEM Sales Training to Its
Local Search Marketing Portfolio
NY83636 03/16/2009 10:00 r f NJ-Honeywell-leadfree
(MORRIS TOWNSHIP) Honeywell Develops Lead-Free Thermal
Management Material for Semiconductors
NY84005 03/16/2009 10:00 r f NY-ConfBoard-Launches
(NEW YORK) The Conference Board Launches YourBrainatWork.org
in Time for Brain Awareness Week
NY84048 03/16/2009 10:00 r f NY-Gruppo-Tech-Group
(NEW YORK) Gruppo Levey & Co. Announces Technology Practice Group
PH83423 03/16/2009 10:00 r f MA-Transplant-benefit
(BOSTON) American Society of Transplantation to Host Boston Pops and
the Redford Family on May 30th to Raise Transplant Awareness
SF83920 03/16/2009 10:00 r f CA-PolyCore-Mapping
(BURLINGAME) PolyCore Software Announces Multicore
Communications Topology Mapping Tool
UKM003 03/16/2009 10:00 r f Systime-France-Expans
(LONDON) SYSTIME Announces Opening of New Office in France
China Sunergy Signs 10 Year Solar Cell Sales Framework Agreement With asola
NANJING, China, March 17 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has entered into a ten year Sales Framework Agreement with asola Advanced and Automotive Solar Systems GmbH ("asola"), a module producer based in Erfurt, Germany. This non-binding framework agreement outlines the potential delivery of up to 480MW of solar cells manufactured by China Sunergy from 2009 to 2018.
Under the Framework Agreement, which remains valid from 2009 until 2018, China Sunergy may supply asola a total of 30MW of silicon cells in 2009, with 50MW thereafter for each remaining year of the 10-year agreement. Specific terms and conditions of the supply will be set forth in definitive sales agreements to be further negotiated between China Sunergy and asola. Although the framework agreement is not binding, as each sales agreement will be separately negotiated, this agreement effectively helps to strengthen the relationship between these two companies and facilitates the signing of future sales agreements.
Commenting on the agreement, Dr. Ruennsheng Allen Wang, Director and CEO of China Sunergy, said: "The signing of this long-term framework agreement with asola further builds upon our relationship with an important customer. We look forward to working with asola during the course of this agreement to secure ongoing sales agreements, as we work to diversify our sales revenue across key geographies including Germany."
Reinhard Wecker, CEO of asola, noted, "China Sunergy has been a valuable partner in the past, and we believe that over the next decade the high quality solar cell products from China Sunergy will continue to be of strategic benefit as we further develop our advanced solar modules."
About China Sunergy Co. Ltd
China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a specialized manufacturer of solar cell products in China. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements and are based on current expectations, assumptions, estimates and projections about the company and the industry, and involve known and unknown risks and uncertainties, including but not limited to, the company's ability to raise additional capital to finance the company's activities; the effectiveness, profitability, and the marketability of its products; the economic slowdown in China and elsewhere and its impact on the company's operations; demand for the company's products; the future trading of the common stock of the company; the ability of the company to operate as a public company; the period of time for which its current liquidity will enable the company to fund its operations; the company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; future shortage or availability of the supply of raw materials and other risks detailed in the company's filings with the Securities and Exchange Commission. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
SOURCE China Sunergy Co., Ltd.
For further information contact:
Peter Schmidt
FD Asia
Tel: +86-10-8591-1953
Email: peter.schmidt@fd.com
PR Newswire National Summary, Wednesday, March 18, Midnight to 10 a.m. ET
Following is a summary of news releases transmitted between midnight and 10 a.m. by PR Newswire. The full text of these releases is available at the PR Newswire for Journalists, http://media.prnewswire.com.
SOURCE PRNewswire
CG85323 03/18/2009 00:01 r f IL-LoweExpressScripts
(ST. LOUIS) Lowe's Leads First Wave of Companies Partnering With
Express Scripts to Apply Behavioral Economics to Healthcare
DC79091 03/18/2009 00:01 r f Census-daily-feature
(WASHINGTON) U.S. Census Bureau Daily Feature for Wednesday,
March 18: Houston Stock Show
SF85410 03/18/2009 00:01 r f WA-XBox-360-HASBRO
(REDMOND) Xbox 360 and EA Bring Beloved HASBRO FAMILY GAME
NIGHT to Next Generation of Players
CG85254 03/18/2009 01:00 r f MN-Securian-study
(ST. PAUL) How Do Benefits Brokers Want to Communicate With
Insurers? It Depends...
DC85419 03/18/2009 01:25 r f Afghanistan-conferenc
(KABUL and DUBAI) Afghanistan: Ensuring Success
DA85305 03/18/2009 02:00 r f AR-Walmart-Twilight
(BENTONVILLE) Walmart Hosts Midnight Events, Blood Drives and
Special Greeting For History-Making Twilight Release
DC85419 03/18/2009 02:13 r f Afghanistan-conferenc
(KABUL and DUBAI) Afghanistan: Ensuring Success
DA83879 03/18/2009 03:00 r f Frost&Sullivan-awrds
(LONDON) Frost & Sullivan Awards to Celebrate Growth and Innovation at GIL
2009
SF85264 03/18/2009 03:00 r f NV-SAP-New-GRC
(LAS VEGAS) New GRC Solutions from SAP Help Mitigate Trade
Risk Across Global Supply Chain
UKTU020 03/18/2009 03:00 r f ARCADIS-NV
(ARNHEM) ARCADIS and Rijkswaterstaat Join Forces in Pilot
Projects for Motorway Expansion
DA85401 03/18/2009 04:00 r f TX-BancTec-product
(DALLAS) BancTec Releases CenterVision(TM) 2.0
HKW002 03/18/2009 04:00 r f esobi-Acer-Centre
(TAIPEI) eSobi News Center Keeps Acer Aspire One Users Always
Up-to-date with World Headlines
UKTU032 03/18/2009 04:00 r f AmberFin
(LONDON) AmberFin Appoints Jay Batista as President, Americas
UKW002 03/18/2009 04:29 r f Nokia-Corporation
(ESPOO) Nokia Developer Summit Features Latest in Mobile
Application Development and Distribution Through Ovi Store
UKW003 03/18/2009 04:46 r f Frost-and-Sullivan
(MUMBAI) Government Regulations on Emission and Safety Standards Boost
the Automotive Electronic Control Units Market in India
UKW004 03/18/2009 04:46 r f HDTV-Conference
(MOSCOW) HDTV is Digital TV's Best Answer to the World Crisis!
LA85279 03/18/2009 05:00 r f CA-Function-Drinks
(REDONDO BEACH) Function Drinks Launches Two New Products - Function:
LA85371 03/18/2009 05:00 r f CA-RelsysInternationl
(IRVINE) Relsys International Announces the Release of the
Argus Safety(TM) Suite 5.0
NY85181 03/18/2009 05:00 r f Conf.-Board-Germany
(BRUSSELS) The Conference Board(R) Germany Business Cycle Indicators(SM)
UKW005 03/18/2009 05:21 r f Queenco-Leisure
(RAMAT GAN) Queenco Leisure International Scheduled to Release
Full Year 2008 Results on March 25, 2009
UKW006 03/18/2009 05:34 r f MirriAd-and-Repucom-C
(LONDON) MirriAd and Repucom Partner to Provide Measureable
ROI for Embedded Video Advertising
UKW007 03/18/2009 05:34 r f Ziehm-Imaging
(NUREMBERG) Ziehm Imaging Introduces Ziehm Solo C-arm, Featuring a
Versatile set-up in the OR and Exceptional Image Quality
CNW022 03/18/2009 05:46 r f Tencent-2008-Results
(HONG KONG) Tencent Announces 2008 Fourth Quarter and Annual Results
HKW004 03/18/2009 05:49 r f Pacnet-Connectivity
(TAIPEI) Pacnet Bolsters Cross-Strait Connectivity to Support
Accelerating Sino-Taiwanese Trade
DE83895 03/18/2009 06:00 r f MI-Autoworker-song
(PONTIAC) Michigan Autoworker Writes Song, 'Didn't Quit My Day Job, It
Quit Me'
LA85333 03/18/2009 06:00 r f CA-BabyEinsteinWorldM
(GLENDALE) Baby Einstein(TM) Brings Home the Rhythms of the Globe
With Its First-Ever World Music DVD Title
LA85344 03/18/2009 06:00 r f UT-SpectrumDNAFearnet
(PARK CITY) SpectrumDNA Announces New Partnership With Comcast's
FEARnet Channel for Exclusive Horror Addictionary
LA85373 03/18/2009 06:00 r f CA-Walden-Media
(LOS ANGELES) Ellen DeGeneres is 'MOTHER NATURE' in Walden
Media's Upcoming Original Film
NE85268 03/18/2009 06:00 r f MA-TripAdvisor-Center
(NEWTON) TripAdvisor Opens New Owners' Center
NY85235 03/18/2009 06:00 r f NY-Light-Reading
(NEW YORK) Experienced Communications Journalist Catherine Haslam is
Named Site Editor for Light Reading Asia, Scheduled to Launch in April
NY85321 03/18/2009 06:00 r f NJ-Caress-SecretStyle
(ENGLEWOOD CLIFFS) Carson Kressley & Kim Kardashian Reveal Secrets
to Style (Hint: It's Not Just About The Clothes)
SF85144 03/18/2009 06:00 r f CA-Presto-DonateMS
(MOUNTAIN VIEW) Presto Announces Donation Program to Help Find
the Cure for Multiple Sclerosis
SF85414 03/18/2009 06:00 r f CA-Cybersoft-Selects
(SAN FRANCISCO) Cybersoft Selects Technology Partner for
Title Insurance Outsourcing Market
SF85416 03/18/2009 06:00 r f TX-43rd-Element
(HOUSTON) Busy Lifestyle Leaving Your Relationships Dull and Lifeless?
Innovative iPhone Application Adds a New Level of Intimacy and Excitement!
SF85418 03/18/2009 06:00 r f ThinkingMoney.org-UK
(MANCHESTER) Creative Income Generation Is Needed To Keep UK Football
Buoyant
SF85425 03/18/2009 06:00 r f WebCreation-UK
(TROWBRIDGE) Web Design Company WebCreation UK Celebrates Google UK Top
Spot
TO600 03/18/2009 06:00 r f Compton-new-board-dir
(CALGARY) Compton Petroleum announces appointments to the Board of
Directors
TO612 03/18/2009 06:00 r f ActiveCntrl-MSHAntwrk
(TORONTO) Active Control to install first MSHA-approved ActiveMine(TM)
network
UKW009 03/18/2009 06:00 r f Elsevier-B-V
(ATLANTA) New Online Imaging Suite Boosts Healthcare Imaging
Efficiency, Productivity, and Revenues
SF85413 03/18/2009 06:01 r f NY-Not-Fade-Away
(NEW YORK) Not Fade Away Gallery Opens to International Acclaim
NY85443 03/18/2009 06:25 r f PA-AfterSoft-sales
(ALLENTOWN) AfterSoft Network N.A., Inc. Confirms Deployed VAST Sales
TO602 03/18/2009 06:30 r f Energy-Finders-Inc.
(DALLAS) Energy Finders Inc, reports Evaluation of Shallow Oil
Zones in North Lula Area, Edwards County, Texas
TO611 03/18/2009 06:30 r f Ivanhoe-Energy-Albrta
(CALGARY) Ivanhoe Energy's estimated oil sands resource
increased by 81% at Tamarack Project in Alberta
CNW006 03/18/2009 06:52 r f CAGC-Appoint-New-COO
(BEIJING) China Agritech, Inc. Appoints New Chief Operating Officer
CL84895 03/18/2009 06:55 r f NY-SmartHeat-earnings
(NEW YORK) SmartHeat Inc. Announces Record 2008 Annual Results - Revenues
DC85292 03/18/2009 06:55 r f SageCouncil-Etiwanda
(PASADENA) County Supervisor Destroys Endangered Species Preserve;
Environmental Groups Demand Prosecution With Jail
CG85327 03/18/2009 07:00 r f American-Egg-board
(PARK RIDGE) Get Cracking This Easter Holiday
CL85270 03/18/2009 07:00 r f GA-Cox-Comm-Penn-St.
(ATLANTA) Cox Business Joins Penn State's B2B Marketing Think Tank
CL85308 03/18/2009 07:00 r f OH-Ohio-Business-aero
(COLUMBUS) Ohio Leveraging National Leadership In Aerospace and
Logistics Industries to Create New 21st Century Jobs for Ohioans
CL85364 03/18/2009 07:00 r f NC-Ribbit-PSA-contest
(KERNERSVILLE) Ribbit Marketing Hosts Contest for NC Film Students
CL85366 03/18/2009 07:00 r f OH-LCA-Vision-medical
(CINCINNATI) LCA-Vision's Medical Advisory Board Voices
Support for Current Management
CNW021 03/18/2009 07:00 r f STV-Attends-Show
(BEIJING) China Digital TV to Demonstrate New Products at CCBN 2009
DC85346 03/18/2009 07:00 r f Gingrich-bailout-end
(WASHINGTON) Gingrich Calls on Obama to End Bailouts
HKW008 03/18/2009 07:00 r f CNOOC-Gas-Field
(HONG KONG) CNOOC Ltd.'s PY 30-1 Gas Field Commences Production
LA85293 03/18/2009 07:00 r f UT-FXEnergy-BostonMtg
(SALT LAKE CITY) FX Energy to Host Technical Meeting in Boston
LA85329 03/18/2009 07:00 r f CA-Lionsgate-EuropaCo
(SANTA MONICA) Lionsgate(R) Cozies Up to EuropaCorp's FROM PARIS WITH
LOVE, Starring John Travolta and Jonathan Rhys Meyers
LA85370 03/18/2009 07:00 r f NV-Boyd-toPresent-JP
(LAS VEGAS) Boyd Gaming Management to Present at JP Morgan Gaming
Conference
LA85397 03/18/2009 07:00 r f CO-Examiner-Frette
(DENVER) Playboy Playmate and Feminist Writer Juliette Frette
Debuts Women's Issues Column for Examiner.com
LA85433 03/18/2009 07:00 r f CA-Fame-Factory
(LOS ANGELES) Ryan Tedder & Kelly Clarkson Team Up on 'All I Ever
Wanted' The Album Debuts at # 1 on Billboard 200 Chart
MXW002 03/18/2009 07:00 r f Parents-Step-Ahead
(DALLAS) Parents Step Ahead Initiates the Year Successfully
NE84997 03/18/2009 07:00 r f GA-Filene's-Basement
(ATLANTA) Atlanta Says 'I do' to Running of the Brides(R)
NE85337 03/18/2009 07:00 r f CT-Presstek-2008earns
(GREENWICH) Presstek Full Year 2008 Income from Continuing
Operations Increases $13.5 Million
NY85185 03/18/2009 07:00 r f UK-Travelport-Study
(LANGLEY) New Topaz Study Confirms Travelport e-Pricing(TM) Leads the
Travel Industry in Finding the Lowest Available Airfares Worldwide
NY85227 03/18/2009 07:00 r f MA-EMDSerono-Collabo
(ROCKLAND) EMD Serono and FAST FORWARD, LLC Announce Collaboration to
Accelerate Development of Treatments for Multiple Sclerosis
NY85255 03/18/2009 07:00 r f NJ-Sopherion-enrolls
(PRINCETON) Sopherion Therapeutics Announces Completion of Enrollment
in Phase III Study of Myocet in Metastatic Breast Cancer
PH85277 03/18/2009 07:00 r f MD-AnimalPlanet-WILD
(SILVER SPRING) Animal Planet's Mutual of Omaha's Wild Kingdom
Spotlights the Wonders of the Natural World
SF85421 03/18/2009 07:00 r f CA-VirtuOz
(SAN FRANCISCO) VirtuOz Builds Momentum With Key Management Hires
TO592 03/18/2009 07:00 r f Quest-IntelligentNano
(EDMONTON) Quest PharmaTech Announces Strategic Alliance with
IntelligentNano to Develop Nanotechnology-Based Next Generation SL052
UKW010 03/18/2009 07:09 r f Misys-plc
(LONDON) Capmark Invests in Innovative SaaS Technology From Misys to
Expand Into Outsourcing Services for the Syndicated Loan Market
TO613 03/18/2009 07:16 r f Addax-WellTest-TaqTaq
(CALGARY) Addax Petroleum announces record well test in Taq
Taq appraisal program
UKW011 03/18/2009 07:16 r f PASAL-Development-SA
(ATHENS) Consolidated Earnings After Taxes of EUR 19.9 mn for the FY 2008
NY85295 03/18/2009 07:26 r f GA-NexCen-contest
(ATLANTA) Pretzelmaker Rocks New Online Game to Celebrate Combo*Nation
DA85047 03/18/2009 07:30 r f TX-Dril-Quip-Weil
(HOUSTON) Dril-Quip, Inc. to Present at Howard Weil Energy Conference
DA85184 03/18/2009 07:30 r f LA-GLBL-ChevronThai
(CARLYSS) Global Industries Wins New Work From Chevron
Thailand Exploration and Production
DE85209 03/18/2009 07:30 r f MI-Somanetics-Q1earns
(TROY) Somanetics Reports 28 Percent Increase in Sales and 27 Percent
Increase in Net Income for the First Quarter of Fiscal 2009
FL85428 03/18/2009 07:30 r f FL-Magnum-D'Or-funds
(FORT LAUDERDALE) Magnum Secures $15 Million Expansion
Funding Through SIMCO GROUP
NE84838 03/18/2009 07:30 r f PA-Dicks-Board-Smith
(PITTSBURGH) Catherine Smith Joins Dick's Sporting Goods' Board of
Directors
NY85444 03/18/2009 07:30 r f NJ-PSEG-Finances
(NEWARK) PSEG Hosts Financial Presentation
PH84810 03/18/2009 07:30 r f PA-EnviroTectonicsCon
(SOUTHAMPTON) Environmental Tectonics Corporation's Testing and
Simulations Systems Division Announces Major Contract Award
PH84853 03/18/2009 07:30 r f FL-AmVacaCenter-award
(MIAMI) America's Vacation Center Named Agency of the Year by Brendan
PH85411 03/18/2009 07:30 r f PA-CharmingShoppesErn
(BENSALEM) Charming Shoppes Reports Fourth Quarter Results; Announces
NY85013 03/18/2009 07:34 r f ShamirOptical-Earns
(KIBBUTZ SHAMIR) Shamir Optical Industry Ltd. Reports Fourth
Quarter and Year-End 2008 Results
NY85447 03/18/2009 07:39 r f UNIQLO-campaign
(TOKYO) Spring 2009 UNIQLO Parka Campaign, 'TOKYO FASHION MAP-1000
Parka Styles of Real Tokyo' on Special Website & in Magazines
NE85449 03/18/2009 07:42 r f PA-KenseyNash-repurch
(EXTON) Kensey Nash Announces 600,000 Share Stock Repurchase Program
PH85341 03/18/2009 07:43 r f IL-International-Comp
(CHICAGO) Convection Cooled 150-Watt Open Frame Power Supply
Meets Medical and Industrial Safety Standards
PH84858 03/18/2009 07:45 r f NY-5-show-ideas
(NEW YORK) Five Hot Show Ideas for Spring-Related Topics
PH85154 03/18/2009 07:46 r f PA-ViroPharma-FDA
(EXTON) ViroPharma Submits Comments on Vancocin(R) Draft
Bioequivalence Guidance
UKW012 03/18/2009 07:46 r f BASF
(LUDWIGSHAFEN) BASF Podcast: Lithium Ion Batteries - The
Energy Store of the Future
UKW013 03/18/2009 07:49 r f BASF
(LUDWIGSHAFEN) BASF Podcast: The Chemical Reporter - Why Does
Milk Form a Skin on top When you Cook it?
PH84999 03/18/2009 07:50 r f NJ-Worldwide-Benefit
(BOONTON) Worldwide Benefit Services Launches New Services and New Look
WA85163 03/18/2009 07:50 r f MD-IntegralSys-CMMI-3
(LANHAM) Integral Systems, Inc., Government Systems Attains CMMI Level 3
Rating
DC85367 03/18/2009 07:55 r f CA-AmericanSmallBusin
(PETALUMA) Obama Small Business Plan Dodges Major Problems
PH85126 03/18/2009 07:55 r f CO-WalkerWonder
(BOULDER) New Survey: Top Lesson from Seniors About Economic
Worries? Gratitude Trumps Fear
AQ85432 03/18/2009 08:00 r f CA-Savi-Technology
(MOUNTAIN VIEW) Leading Technology Users and Providers to Form
DASH7(TM) Alliance to Advance Wireless Data Technology
CG83768 03/18/2009 08:00 r f NV-Motorola-MOTOTRBO
(LAS VEGAS) Motorola Announces New Features for MOTOTRBO(TM) and
Launches CP185(TM) Commercial Radio at IWCE
CG83771 03/18/2009 08:00 r f NV-Motorola-responder
(LAS VEGAS) Motorola Expands Public Safety Portfolio With New
Solutions Supporting Mission Critical Communications
CG84871 03/18/2009 08:00 r f PA-Vocollect-voice
(PITTSBURGH) Vocollect Introduces Natural-Sounding Voice
Options for Most Widely Used Languages
CG85287 03/18/2009 08:00 r f VA-Dilon-Tech-BSGI
(NEWPORT NEWS) Breast-Specific Gamma Imaging (BSGI) Can Reduce the
Number of Unnecessary Breast Biopsies When Compared to MRI
CG85395 03/18/2009 08:00 r f IL-ChicagoJiffyLube
(CHICAGO) Unique College Scholarship Program for Teen Drivers
Enters Second Year as Financial Aid Options Decline
CL85024 03/18/2009 08:00 r f OH-Limited-La-Senza
(COLUMBUS) Limited Brands Announces New Leadership at La Senza
CLW029 03/18/2009 08:00 r f TX-VoyagerLearningERN
(DALLAS) Voyager Learning Company Announces Results for the 2008 Fiscal
Year
CNW013 03/18/2009 08:00 r f CBEH-Earnings-Call
(XI'AN) China Bio-Energy to Host 2008 Fourth Quarter & Year End
Earnings Conference Call on March 26, 2009 at 8:30 a.m. EST
CNW016 03/18/2009 08:00 r f CSUN-signs-SolarMax
(NANJING) China Sunergy Signs Letter of Intent With SolarMax, a
Leading U.S.-Based Photovoltaic Systems Integrator
DA85286 03/18/2009 08:00 r f TX-ULURU-Altrazeal
(ADDISON) ULURU Inc. to Present Altrazeal(TM) Clinical Evidence and
DC85175 03/18/2009 08:00 r f GPUAC-saving-homes
(PHILADELPHIA) Rep. Dwight Evans to Launch a New Program to Prevent
DC85381 03/18/2009 08:00 r f FL-Florida-Winefest
(SARASOTA) The 2009 Florida Winefest & Auction - Bringing Together
World-Class Chefs and Winemakers for Children's Charities
FL85198 03/18/2009 08:00 r f FL-MEDai-webinar
(ORLANDO) MEDai Enhances Chronic Care Management with Real-Time,
Evidence-Based Medicine Guideline Analysis
LA84092 03/18/2009 08:00 r f CA-Ingram-Micro-Cisco
(SANTA ANA) New Ingram Micro Business Unit Delivers Greater Value,
Support and Business Resources to Cisco Channel Partners
LA85039 03/18/2009 08:00 r f MA-VereniumCorp
(CAMBRIDGE) Verenium Corporation to Present at the
ThinkEquity ThinkGreen Conference
LA85053 03/18/2009 08:00 r f NV-Angel-Acquisition
(CARSON CITY) Angel Acquisition Corp Announces Merchant Account
Affiliation and Platform for Micro-Lending
LA85336 03/18/2009 08:00 r f CA-Platinum-IvanHo
(RANCHO SANTA MARGARITA) Southern California Dentist First on the West
LA85405 03/18/2009 08:00 r f CA-Panda-AAAntivirus
(GLENDALE) Panda Security and AAAntivirus Guarantee SMB Clients
Unmatched Protection and Cost Savings With SaaS
LA85408 03/18/2009 08:00 r f CA-Panda-SaveMoney
(GLENDALE) Panda Security Delivers Up to 50 Percent Cost Savings for
Small and Medium Businesses With Security-as-a-Service
NE84933 03/18/2009 08:00 r f MD-Metastorm-at-AIIM
(BALTIMORE) Metastorm Customer to Present at AIIM
International Exposition and Conference
NE85180 03/18/2009 08:00 r f FL-GlobalTechnologies
(SARASOTA) Global Technologies Group, Inc. Enters Master Teaming
Agreement with MSE Technology Applications, Inc.
NY85017 03/18/2009 08:00 r f NY-USNWC-teams-Coke
(NEW YORK) U.S. National Whitewater Center and Coca-Cola Team
Up for a Refreshing Adventure
NY85301 03/18/2009 08:00 r f NJ-Hudson-City-Banc
(PARAMUS) Hudson City Bancorp's Chairman and CEO Reaffirms Positive
Outlook
NY85324 03/18/2009 08:00 r f NJ-CLARITIN-NASCAR
(KENILWORTH) Video: CLARITIN Partners with NASCAR Driver Carl Edwards to
Educate Motorists on the Importance of Being Clear to Drive(SM)
PH84201 03/18/2009 08:00 r f NJ-Lockheed-certified
(MOORESTOWN) U.S. Navy Certifies Lockheed Martin Aegis Ballistic
Missile Defense System with 'Terminal Phase' Capability
PH85388 03/18/2009 08:00 r f MD-Fortrex-Tech.
(FREDERICK) Sun Community Federal Credit Union Selects Fortrex
Technologies' VendorPoint to Manage Vendor Relationships
SF85248 03/18/2009 08:00 r f CA-Accountemps-Survey
(MENLO PARK) Survey: Most Executives OK With Applicants Asking
About Compensation by Second Interview
SF85299 03/18/2009 08:00 r f CA-PGPcorp.-appoints
(PARIS and MENLO PARK) PGP Corporation Establishes New Office in France,
Appoints Jean-Charles Barbou Sales Director for France and Southern Europe
SF85332 03/18/2009 08:00 r f TX-iStockphoto-Videos
(AUSTIN) iStockphoto Adds 30,000 Royalty-Free and Single-Production Audio
SF85334 03/18/2009 08:00 r f CA-Autodesk-Digital
(SAN RAFAEL) Autodesk Announces Vancouver, British Columbia as
Third City of Its Digital Cities Initiative
SF85349 03/18/2009 08:00 r f CA-WDS-Pres-Roberts
(SAN FRANCISCO) Wendy E. Roberts, MD, Named 2009-2010 President
of the Women's Dermatologic Society
SF85386 03/18/2009 08:00 r f WA-AlaskaAirlines
(SEATTLE) Alaska Airlines Vacations Extends 'Kids Fly Free to
Disneyland Resort' Offer With Even Lower Prices
SF85406 03/18/2009 08:00 r f PetroAlgae-Wins-Award
(BRUSSELS) PetroAlgae Wins Sustainable Biofuels Award at
World Biofuels Markets Event
SF85409 03/18/2009 08:00 r f Horizon-energy-kits
(SINGAPORE) Preparing America for New Jobs in Renewable Energy Horizon
Fuel Cell Develops Science Education Kits for Teachers and Students
SF85424 03/18/2009 08:00 r f CA-Zscaler-CoolVendor
(SUNNYVALE) Zscaler Named 'Cool Vendor' by Leading Analyst Firm
SF85429 03/18/2009 08:00 r f CRTCF-Distribution
(VANCOUVER) Current Technology's Celevoke Signs Distribution
Agreement for Sale of 5000 GPS Tracking Systems
SF85431 03/18/2009 08:00 r f CA-Haagen-Dazs-Five
(OAKLAND) New Haagen-Dazs(R) Five Series: Pure, Clean Ice
Cream Flavors Without Distraction
SPW099 03/18/2009 08:00 r f Log-In-Logistica-Call
(RIO DE JANEIRO) Webcast Alert: Log-In Logistica Intermodal S.A.
Announces Fourth Quarter 2008 Results Conference Call Webcast
TO574 03/18/2009 08:00 r f Belzberg-issuer-bid
(TORONTO) Belzberg Enters Into Automatic Share Purchase Plan
FL85335 03/18/2009 08:01 r f FL-GolTV-La-Liga
(MIAMI) GolTV Inks Multi-Year TV Rights Deal for Spain's La Liga
NY85176 03/18/2009 08:02 r f NY-Clear-Skies-Solar
(NEW YORK) Clear Skies Solar Announces Strategic Project
Finance Partnership with ZebaSolar
NY85215 03/18/2009 08:03 r f NY-BNY-Mellon-Foreign
(NEW YORK) The Bank of New York Mellon's Leadership in Foreign Exchange
Reflected in 2009 Global Investor Magazine FX Survey Results
PH85357 03/18/2009 08:04 r f IL-Little-Co-of-Mary
(EVERGREEN PARK) Chicago-area ASBS Bariatric Surgery Center of Excellence
Provides Personalized Care Like No Other Weight-Loss Surgery Program
PH85285 03/18/2009 08:10 r f CO-Fischer-Medical
(DENVER) Fischer Medical Announces Multi-System VersaRad
Installation at St. Joseph's Hospital in Marshfield, WI
PH85003 03/18/2009 08:15 r f CA-Matrix-Logic-Corp
(CHICO) Matrix Logic Customers Are Now Able to View and
Manage Documents via Their iPhones
PH85457 03/18/2009 08:16 r f DC-Text-Them-In-safe
(WASHINGTON) How's My Driving? For Everyone: Simple Bumper Sticker
Can Save $57 Billion and Over 14,000 Lives Nationwide
PH85454 03/18/2009 08:19 r f MD-Lagan-in-Winnipeg
(BETHESDA) Winnipeg, Manitoba Launches 24 x 7 Consolidated
Contact Centre Powered by Lagan 311
PH85007 03/18/2009 08:20 r f CO-Tony's-Bar-Cards
(GOLDEN) Tony's Bar Cards - Trading Cards with a Purpose
NY85289 03/18/2009 08:22 r f MD-ChampionsBiotech-E
(BALTIMORE) Champions Biotechnology Reports Fiscal 2009
Third Quarter Financial Results
PH85290 03/18/2009 08:25 r f CA-Link-It-Software
(SANTA CLARITA) Recession Proves Boom Time for Link It
Software's U.S.-Based Call Center
UKW014 03/18/2009 08:28 r f Addax-Petroleum
(CALGARY) Addax Petroleum Announces Record Well Test in Taq
Taq Appraisal Program
CG85170 03/18/2009 08:30 r f MN-Alliant-awardsUSA
(MINNEAPOLIS) ATK Awards $257 Million Contract to United Space
Alliance for Ares I and Ares 1-X Programs
CL85066 03/18/2009 08:30 r f NY-BofA-Merrill-Lynch
(NEW YORK and LONDON) Merrill Lynch Fund Manager Survey Finds
Growing Optimism in Global Economic Outlook
CL85283 03/18/2009 08:30 r f GA-Postilion-Tompkins
(NORCROSS) Tompkins Financial Corporation Selects Postilion Suite of
Solutions to Offer Integrated Self-Service Banking
CNW011 03/18/2009 08:30 r f CVDT-Site-Visit
(JINAN) Secretary of Jinan City Council Visits China VoIP &
Digital Telecom Inc.
CNW024 03/18/2009 08:30 r f Xinyuan-4Q-FY-2008
(BEIJING) Xinyuan Real Estate Company to Report Fourth Quarter and
Full Year 2008 Financial Results on March 27, 2009
FL85132 03/18/2009 08:30 r f FL-Gen2Media-New-EVP
(ORLANDO) Gen2Media Announces Key New Appointments to Senior Management
Team
LA85032 03/18/2009 08:30 r f CA-NewMomentumQBPC
(IRVINE) New Momentum CEO Speaks at QBPC (Quality Brands
Protection Committee) Anti-Counterfeiting Conference
LA85103 03/18/2009 08:30 r f CA-Targus-Netbook-Kit
(ANAHEIM) Targus(R) Launches Its First Netbook Accessory Kit
MO605 03/18/2009 08:30 r f e-CGI-EstablishCOE-NY
(NEW YORK) CGI Selected by Global Investment Bank to Establish
Capital Markets Information Technology Center
NE84990 03/18/2009 08:30 r f NJ-Conolog-Corp-erns
(SOMERVILLE) Conolog Reports Results for the Six Months Ended January 31,
2009
NE85165 03/18/2009 08:30 r f IO-green-cat-litter
(MUSCATINE) WORLD'S BEST CAT LITTER(TM) Makes It 'Easy Being
Green' With High-performing, All Natural Litter
NY84879 03/18/2009 08:30 r f NY-Alyst-Acquisition
(NEW YORK) China Networks Media Signs Letter of Intent with
Zhuhai Broadcasting and Television Station
NY85309 03/18/2009 08:30 r f NY-SponsorDirectIntro
(TARRYTOWN) Sponsor Direct Introduces SponsorPort 4.0, the Industry's Most
Comprehensive and Cost-Effective Sponsorship Request Management Platform
NY85361 03/18/2009 08:30 r f GA-Tri-S-Security-IPO
(ATLANTA) Conditional Settlement of IPO Litigation
NY85430 03/18/2009 08:30 r f NJ-eFoodSafety.com
(CHERRY HILL) eFoodSafety.com, Inc. Changes Name to Nuvilex, Inc.,
Reflecting New Strategic Direction of Company
PH85131 03/18/2009 08:30 r f WA-Deltalok-Launch-US
(FERNDALE) Deltalok Launches in the US
PH85462 03/18/2009 08:30 r f VA-FreddieMac-No-note
(MCLEAN) Freddie Mac Will Not Issue a Reference Notes(R) Security Today
SF84870 03/18/2009 08:30 r f CA-JDSU-Empirix
(MILPITAS) JDSU Enhances NetComplete(TM) Service Assurance Solution
with Empirix's Hammer XMS(TM) Signaling Monitoring
SF85354 03/18/2009 08:30 r f CA-Novellus-technolgy
(SAN JOSE) Novellus' Innovative 32 nm Dielectric Technologies
Enable Interconnect RC Delay Scaling
SF85360 03/18/2009 08:30 r f CA-Autodesk-software
(SAN RAFAEL) PlanetSolar Taps Autodesk Digital Prototyping Software
for First Solar-Powered Round-the-World Voyage
SF85402 03/18/2009 08:30 r f CA-Uniloc-Award
(IRVINE) Uniloc Named a Finalist in 2009 'Best Of Breed' CODiE Awards
NY85463 03/18/2009 08:32 r f PA-EasyTaxFix.com-NJ
(PHILADELPHIA) Owners of Jersey Shore Properties Can File
Property Tax Appeals from Home
DA85459 03/18/2009 08:35 r f Frost&Sullivan-Biosim
(LONDON) The Need for Safe and Affordable Biopharmaceuticals Drives the
Development of the European Biosimilars Market, Says Frost & Sullivan
LA85437 03/18/2009 08:35 r f CA-MMR-health-records
(LOS ANGELES) MMR Information Systems Offers First Bilingual
Personal Health Record Through The Latino Coalition
PH84994 03/18/2009 08:35 r f WA-iUniverse-Wilson
(SPOKANE) New Thriller Offers Disaster, Intrigue, and Adventure
PH85000 03/18/2009 08:40 r f GA-iUniverse-Stahl
(COLUMBUS) The Bible Gets a New Modern Twist: First of Three in
Series to Simplify Bible Stories
TO614 03/18/2009 08:41 r f Petroflow-ends-LOI
(CALGARY) Petroflow Energy Ltd. terminates Letter of Intent
on Hunton acquisition
NE85465 03/18/2009 08:43 r f MA-DecisionRes-Hepati
(WALTHAM) In Hepatitis C Virus Treatment, Interviewed Experts Indicate
CL85438 03/18/2009 08:45 r f CA-SaintJamesAcqWine
(SANTA MONICA) The Saint James Company Enters Into an
Agreement to Acquire New Zealand Wineries
NE84861 03/18/2009 08:50 r f MA-BBK-Opens-in-Japan
(NEWTON) Forward-Thinking Patient Recruitment Company Poised to Create
PH85398 03/18/2009 08:53 r f GA-PKF-HR-forecast
(ATLANTA) PKF Says Worsening Economy Extends U.S. Lodging Recovery
Timeline
LA85394 03/18/2009 08:59 r f CA-BlackLine-Systems
(CALABASAS) BlackLine Systems Doubles Revenues, Head Count in 2008
AQ84936 03/18/2009 09:00 r f VA-Citizant-newVP
(CHANTILLY) Citizant Names Ken Arthur Group Vice President
CG85037 03/18/2009 09:00 r f SoftBrands-Eglinton
(READING) Eglinton Arms the First Hotel in Scotland to Select The
Best Western GB Two Way Interface With SoftBrands
CG85201 03/18/2009 09:00 r f IL-TAYC-new-senior-VP
(ROSEMONT) Shapiro Joins Taylor Capital as General Counsel
CG85427 03/18/2009 09:00 r f CA-GBE-Files8K-Restat
(SANTA ANA) Grubb & Ellis Company Files 8-K Announcing
Restatement of Financial Statements
CL84903 03/18/2009 09:00 r f AL-Intergraph-SmartPl
(HUNTSVILLE) Intergraph(R) Introduces SmartPlant(R) for Life Sciences
CL85028 03/18/2009 09:00 r f AL-Intergraph-ESTA
(HUNTSVILLE) Emergency Services Telecommunications Authority of Victoria,
Australia Renews Contract for Intergraph(R) Public Safety Technologies
CL85245 03/18/2009 09:00 r f NC-ATTUS-Technologies
(CHARLOTTE) ATTUS Technologies Continues its Long-Standing SAS 70
Commitment
CNW020 03/18/2009 09:00 r f UTVG-TRIPEASY-Kiosks
(SHENZHEN) Universal Travel Group to Add Increased Functionality
to its Revolutionary TRIPEASY Kiosks
CNW025 03/18/2009 09:00 r f Virtuos-Acquires-BSP
(SHANGHAI) Game Development Outsourcing Leader Virtuos
Acquires BSP Audio Production Studio
DC82527 03/18/2009 09:00 r f AAA-members-discounts
(ORLANDO) AAA Members Saved More Than $2.1 Billion Last Year
Using Club-Arranged Discounts
DC84587 03/18/2009 09:00 r f sunshine-laws-survey
(CHICAGO) New Study Finds Five Midwestern States Have Dim Sunshine Laws
DC85404 03/18/2009 09:00 r f CA-THINK-Together
(SANTA ANA) Following Obama Example Southern California Students
Say, 'Yes We Can' To Miles of Change
DE85203 03/18/2009 09:00 r f CO-SRC-Environics-con
(BROOMFIELD) SRC Analytics Partner Launches New
Micromarketing Tool on Alteryx Platform
DE85317 03/18/2009 09:00 r f MI-NEXTEP-SYSTEMS
(TROY) NEXTEP SYSTEMS Continues 100 Percent Annual Growth;
Increases Client Base in Key Markets and Industries
FL85222 03/18/2009 09:00 r f FL-AgingCare-comForum
(NAPLES) When Time is Limited, Internet is the Number One
Support Tool for Caregivers
LA84753 03/18/2009 09:00 r f NV-Garrison-Instituti
(RENO) Garrison Institutional Services Completes Trust Company
Launch for Saturna Capital in Nevada
LA85124 03/18/2009 09:00 r f CA-Titmouse-Games
(HOLLYWOOD) Titmouse Execs Declare 'We Make Games!'
LA85265 03/18/2009 09:00 r f CA-Siemens-Quota
(PISCATAWAY) Siemens to Donate Hearing Instruments Through Second
Annual Partnership With Quota International
LA85306 03/18/2009 09:00 r f CA-Veterinary-Insurnc
(BREA) Veterinary Pet Insurance Co. Reveals Top Ten Plant
Poisoning Claims of 2008
LA85372 03/18/2009 09:00 r f NY-Dos-Equis-Ad-Camp
(WHITE PLAINS) The Most Interesting Man in the World Shares His
Experience and Wisdom Nationally for the First Time
LA85376 03/18/2009 09:00 r f TX-IDEV-FDA-Cleared
(HOUSTON) U.S. Food and Drug Administration Clears Way for Multi-Center
Clinical Trial of IDEV Technologies' SUPERA Peripheral Stent
MO615 03/18/2009 09:00 r f E-Exfo-award-Growth
(QUEBEC CITY) EXFO Receives Growth Strategy Leadership Award from
Frost & Sullivan for Fifth Consecutive Time
NE85038 03/18/2009 09:00 r f NC-Raytheon-unveils
(RALEIGH) Raytheon to Demonstrate New Software to Improve
P25 Network Performance
NE85186 03/18/2009 09:00 r f MA-Stratus-Award
(MAYNARD) Stratus Technologies' Avance Software Named 2009
XChange Solution Provider XCellence Award Winner
NE85221 03/18/2009 09:00 r f MA-LoJack-Theft
(WESTWOOD) Construction Equipment Theft Holds Steady in Today's
Down Economy, LoJack's Annual Theft Study Reveals
NE85223 03/18/2009 09:00 r f MA-EMC-nxt-gen-drives
(HOPKINTON) EMC Delivers Next Generation of Enterprise Flash Drives
NE85326 03/18/2009 09:00 r f ND-IMFD-FourthQuarter
(MINOT) Integrity Mutual Funds, Inc. Announces Fourth
Quarter and Year-End 2008 Results
NE85330 03/18/2009 09:00 r f CO-NewsGator-PRI
(DENVER) Now Available on Your Web Site: Public Radio International
NY84652 03/18/2009 09:00 r f WinesOfGermany-Event
(NEW YORK) Wines of Germany Hosts 'Pinot Trio' Event
NY85023 03/18/2009 09:00 r f Platform-New-Solution
(TORONTO) Platform Computing Announces New Linux Cluster
Management Solution Developed with HP
NY85044 03/18/2009 09:00 r f MA-Dunkin'-Donuts
(CANTON) Dunkin' Donuts Launches National Contest Inviting
Americans to Help Create Its Next Donut
NY85237 03/18/2009 09:00 r f NY-Tii-Network-Earns
(EDGEWOOD) Tii Network Technologies Reports Fourth Quarter 2008 Results
NY85244 03/18/2009 09:00 r f NY-J.P.Morgan-Asset
(NEW YORK) J.P. Morgan Supports Money Market Working Group Recommendations
NY85385 03/18/2009 09:00 r f NY-Natsource-Seminar
(LISBON) Government of Portugal and Natsource Hold Seminar to
Discuss the Flexible Mechanisms in a Post-2012 World
NY85420 03/18/2009 09:00 r f GA-LeadLife-webinar
(ATLANTA) Webinar Sponsored by LeadLife and OneSource Helps
B2Bs Find & Nurture the Right Prospects
NY85422 03/18/2009 09:00 r f FL-OnstreamMedia-Laun
(POMPANO BEACH) Onstream Media Launches Streaming Publisher(TM)
NY85455 03/18/2009 09:00 r f NY-MajorLeague-spnsr
(NEW YORK) Major League Gaming Announces 2009 Sponsor Line Up
PH85130 03/18/2009 09:00 r f VA-ID-BigFix-announce
(ASHBURN) Intelligent Decisions Leverages BigFix for
Enterprise-Wide Situational Awareness
PH85246 03/18/2009 09:00 r f DC-Fannie-Mae-Redempt
(WASHINGTON) Fannie Mae Redemption
PH85252 03/18/2009 09:00 r f VA-SRA-International
(FAIRFAX) SRA Awarded $117 Million Task Order for
Government Accountability Office
SF84971 03/18/2009 09:00 r f CA-DeepDyve-Board
(SUNNYVALE) DeepDyve Welcomes John R. Ellis and Joseph J.
Esposito to its Advisory Board
SF85266 03/18/2009 09:00 r f CA-Codexis-Sarret-SVP
(REDWOOD CITY) Codexis Names Sarret SVP, Corporate Development
SF85302 03/18/2009 09:00 r f CA-BioMarins-Clinical
(NOVATO) BioMarin's Clinical Trial Application for GALNS for
Morquio A Syndrome Accepted by the MHRA
SF85314 03/18/2009 09:00 r f CA-Subpublic-Toolbox
(SAN FRANCISCO and UMEA) Subpublic Opens the Skateboarding Toolbox
SF85384 03/18/2009 09:00 r f CA-AMB-PropertyToront
(SAN FRANCISCO) AMB Property Corporation(R) Leases 250,000 SF
in Toronto Distribution Center
UKTU010B 03/18/2009 09:00 r f Health-Robotics-SRL
(BOZEN) Health Robotics Announces European Launch of
i.v.STATION(TM) and Global List of 2009 Installations
DC85476 03/18/2009 09:01 r f UMD-spending-study
(COLLEGE PARK) New Research Finds Carrying Big Bills Curbs Spending
UKW009 03/18/2009 09:01 r f Elsevier-B-V
(ATLANTA) New Online Imaging Suite Boosts Healthcare Imaging
Efficiency, Productivity, and Revenues
DC85228 03/18/2009 09:05 r f CFF-wins-NCQA-award
(BETHESDA) Cystic Fibrosis Foundation to Receive Prestigious Health Care
Award
NY85477 03/18/2009 09:09 r f TX-Hallmark-Financial
(FORT WORTH) Hallmark Financial Services Files Preliminary Proxy Statement
to Elect its Nominees to the Board of Directors of Specialty Underwriters'
CL85474 03/18/2009 09:10 r f GA-DropDeadGorgeous
(ATLANTA) 2nd Annual Drop Dead Gorgeous Event Raises Awareness on
the Importance of Atlanta's Voiceless Victims
DA85435 03/18/2009 09:10 r f TX-BeaconEquity.com
(DALLAS) Beacon Equity Issues Technical Trade Alerts on Market
Movers: BZH, CEPH, NUE, ENER, AMD, HD
PH85247 03/18/2009 09:10 r f PA-ValleyForge-kicks
(VALLEY FORGE) Valley Forge Kicks Off Runs in and Around National Parks
FL85471 03/18/2009 09:14 r f OH-Lancaster-Sidoti
(COLUMBUS) Lancaster Colony to Present at Sidoti Conference
DE85119 03/18/2009 09:15 r f MI-Dow-No-VOC-Foaming
(MIDLAND) Dow Gives Building Industry More Reasons to Choose STYROFOAM(TM)
DE85467 03/18/2009 09:15 r f MI-Birmingham-TARP
(BIRMINGHAM) Birmingham Bloomfield Bancshares, Inc. Receives
Preliminary Approval for $1.6 Million in TARP Funds
LA84975 03/18/2009 09:15 r f CO-Corgenix-AspirinW
(DENVER) Corgenix to Exhibit AspirinWorks(R) Test at ACC.09
NY85350 03/18/2009 09:15 r f OH-DivorceNetwork.com
(CLEVELAND) Video: DivorceNetwork.com Launches Social Networking
Web Site For People Affected By Divorce
NE85470 03/18/2009 09:17 r f PA-VocollectAcuteCare
(PITTSBURGH) Vocollect Expands Voice-Assisted Care Into Acute Care
Settings
NY85469 03/18/2009 09:17 r f Think-Services-Game
(BEIJING) Key Government Representatives Attend Think Services' Game
Developers Conference China Press Conference in Beijing
SPW001 03/18/2009 09:19 r f SEB-earns
(SAO PAULO) SEB Discloses 2008 Results with Strong Growth
NY85263 03/18/2009 09:20 r f Cision-TradeShow-News
(CHICAGO) Cision Experts to Headline PR Research, Monitoring
and Social Media Events in Spring '09
SPW001 03/18/2009 09:20 r f SEB-earns
(SAO PAULO) SEB Discloses 2008 Results with Strong Growth
LA85107 03/18/2009 09:23 r f CA-inXile-Anderson
(NEWPORT BEACH) Original Fallout Designer Jason Anderson to Join
inXile entertainment Development Team
SF85472 03/18/2009 09:24 r f CA-Medivation-FDA
(SAN FRANCISCO) Medivation Receives FDA Permission to Initiate Phase 3
Trial of MDV3100 in Castration-Resistant Prostate Cancer
NY85479 03/18/2009 09:25 r f NJ-Kline&Co-projects
(LITTLE FALLS) Kline Projects Growth of Lubricant Additives
Consumption Despite the Downturn
PH85481 03/18/2009 09:29 r f NJ-Next-Inning-Cisco
(PRINCETON) Next Inning Technology Research Identifies Winners and
Losers from Cisco's New Data Center Plans
CG85307 03/18/2009 09:30 r f IL-Children's-Heart
(LINCOLNSHIRE) For the First Time in U.S. History, Congress Addresses
CG85439 03/18/2009 09:30 r f IL-Sears-Roebuck-Co
(HOFFMAN ESTATES) 'Sears. Life. Well Spent.' Delivers What's
Most Important to Americans
CG85483 03/18/2009 09:30 r f NY-Adecco-Group-N.A.
(MELVILLE) American Workers: Stimulus Will Stimulate the Job Market
DA85297 03/18/2009 09:30 r f TX-Haggar-Roytex-Sign
(DALLAS) Haggar(R) and Roytex, Inc. Sign Exclusive Sportswear License
Agreement
LA85048 03/18/2009 09:30 r f CA-HealthSport-new
(WOODLAND HILLS) HealthSport, Inc. Engages Sheppard, Mullin,
Richter & Hampton LLP As Its New Securities Counsel
LA85377 03/18/2009 09:30 r f CA-QTWW-Contract
(IRVINE) Quantum Awarded Contract for Natural Gas Systems for
Volvo-Eicher Commercial Vehicles in India
NE85125 03/18/2009 09:30 r f MA-Terrafugia-flies
(BOSTON) Historic Takeoff Makes 'Flying Car' a Reality
NE85213 03/18/2009 09:30 r f MA-EMC-Model-Carrier
(HOPKINTON) EMC Document Sciences(R) xPression(R) Helps Independence
Blue Cross Win Recognition as 2009 Celent Model Carrier
NE85475 03/18/2009 09:30 r f MA-Amer-DG-Energy-EPA
(WALTHAM) US EPA Honors American DG Energy for Carbon Emissions Reductions
NY85025 03/18/2009 09:30 r f NJ-R.J.Brunelli-Srvy
(OLD BRIDGE) 'Big Box' Closures Cause Retail Vacancy Rate in Central NJ
to Reach 9% in 2008, According to Annual R.J. Brunelli Survey
PH85348 03/18/2009 09:30 r f NJ-Sparta-survey
(HOLMDEL) Life Sciences Quality Managers Seek to Expand
Compliance Initiatives Despite Economic Pressures
UKTU018 03/18/2009 09:30 r f Dexton-Software-Corpo
(CAPELLE AAN DEN IJSSEL) Dexton Active Data First Cross Industry
Solution in the World to Deliver Actionable BI
CG85204 03/18/2009 09:31 r f IL-SevenSummits-GECME
(CHICAGO) Seven Summits Research Releases Alerts on GE,
CME, NEM, WYNN, and NFLX
CG85212 03/18/2009 09:31 r f IL-SevenSummitsPriceW
(CHICAGO) Seven Summits Research Releases Alerts on CVX, GLW, COF, SPLS,
and L
NE85217 03/18/2009 09:31 r f MA-Sandell-uses-EMC
(HOPKINTON) Investment Firm Transforms Backup Environment Using EMC for
Significant Leap in Cost Savings, Efficiency and Compliance
NY85311 03/18/2009 09:35 r f CT-LeClairRyan-Court
(NEW HAVEN) Major Court Victory Protects Connecticut's
Construction Industry From Unfair State Lawsuits
LA85343 03/18/2009 09:36 r f CA-NADAguides.com
(COSTA MESA) NADAguides.com 'On Track' for 2009 Speed World Challenge -
Announces Sponsorship of #47 Evercleanse/NADAguides.com Porsche
NY85328 03/18/2009 09:40 r f NY-GAINCapitalAcquire
(NEW YORK) GAIN Capital Acquires Fortune Capital, Japanese Retail FX
Broker
DE85490 03/18/2009 09:41 r f MI-CooperStndrd-Call
(NOVI) Cooper-Standard Automotive Announces Date for Teleconference
to Discuss 2008 Fourth Quarter and Full Year Results
PH84959 03/18/2009 09:41 r f Walkers-Exp-Singapore
(SINGAPORE) Walkers Expands Singapore Team to Meet Anticipated
Increase in Distressed Funds Work
DE85162 03/18/2009 09:45 r f MI-Ecology-Coatings
(AUBURN HILLS) Ecology Coatings Announces Award of its Seventh U.S. Patent
UKW015 03/18/2009 09:45 r f Eurail-Group
(UTRECHT) Eurail Pass Sales Challenged by Economic Downturn
LA85484 03/18/2009 09:47 r f NE-TBIO-4Q-2008-CCall
(OMAHA) Reminder - Webcast Alert: Transgenomic Inc. Announces Fourth
Quarter 2008 Earnings Release Conference Call Webcast
DC85494 03/18/2009 09:49 r f SeniorCare-MedPAC
(JOPLIN) Coalition to Protect Senior Care Urges House Ways and Means
Panel to Reject MedPAC Recommendations on SNF Medicare Funding
CG84859 03/18/2009 10:00 r f IL-Navman-OnlineAVL2
(GLENVIEW) Navman Wireless Helps Optimize Operations of Large Fleets
With New Upgrade to OnlineAVL2 Vehicle Tracking Software
CG85152 03/18/2009 10:00 r f MI-Rapid-Repair-5Year
(KALAMAZOO) Rapid Repair Celebrates 5-Year Anniversary in Midst
of Continued Success, Expanded Services
CL85485 03/18/2009 10:00 r f OH-Huntington-appoint
(COLUMBUS) Huntington Appoints Stickler to Lead Commercial Real Estate
CL85493 03/18/2009 10:00 r f OH-Petland-HSUS
(CHILLICOTHE) Petland Responds to Attack From Radical Animal Rights Group
CNW014 03/18/2009 10:00 r f TootooMart-Online
(BEIJING) TootooMart Presents Study of The Most Popular
Goods for Online Shopping
DA85078 03/18/2009 10:00 r f TX-Freeman-resource
(DALLAS) Freeman Launches New Web Resource Center for Face-to-Face
Industry
DC84900 03/18/2009 10:00 r f USAID-Rotary-water
(ISTANBUL) USAID and Rotary Clubs Join to Provide Clean Water
and Improved Sanitation Worldwide
DC85239 03/18/2009 10:00 r f PA-underage-drinking
(HARRISBURG) PLCB Issues Report on High-Risk, Underage
Drinking Among Pennsylvania's Youth
DC85452 03/18/2009 10:00 r f CWPT-battlefield-rpt
(WASHINGTON) Richard Dreyfuss Joins Civil War Preservation Trust
to Unveil Report on Endangered Battlefields
DE85281 03/18/2009 10:00 r f NV-Radio-IP-Software
(LAS VEGAS) Radio IP Software Releases Version 2.5 of
Flagship Radio IP MTG(TM) Solution
DE85417 03/18/2009 10:00 r f CA-YouSendIt-growth
(CAMPBELL) YouSendIt Achieves Record Growth, Doubling
Subscribers While Increasing Bookings 175 Percent
DE85505 03/18/2009 10:00 r f MI-Hino-Trucks
(NOVI) Hino Trucks Introduces HinoStyle Stainless Steel Accessories
FL85272 03/18/2009 10:00 r f FL-DiscoveryEnEspanol
(MIAMI) Discovery En Espanol Follows Crusaders of the Sea
Shepherd Conservation Society in 'Whale Wars'
LA80973 03/18/2009 10:00 r f TN-McCarty-Partners
(MEMPHIS) McCarty Partners Expands as Cause Innovation
LA85231 03/18/2009 10:00 r f TX-PerotSystems-Swiss
(PLANO) Perot Systems Awarded 10-Year Contract Extension for
Swiss Re IT and Administrative Services
LA85440 03/18/2009 10:00 r f NV-ePhoneNumbers
(LAS VEGAS) ePhoneNumbers Launches Services to the Public Nationwide
LA85473 03/18/2009 10:00 r f CA-Rayspan-Corp
(SAN DIEGO) Metamaterial Pioneer Rayspan to Present and Exhibit Its WLAN
MO616 03/18/2009 10:00 r f e-RioTinto-AlcanCable
(MONTREAL) Alcan Cable launches new Adjust-to-Fit(TM) line of
brackets for MODEX(TM) brand of modular wiring systems
NY84768 03/18/2009 10:00 r f CA-CTB/McGraw-Award
(MONTEREY) CTB/McGraw-Hill's Acuity Assessment Named District
Administration Top 100 Product of 2008
NY85014 03/18/2009 10:00 r f NY-EDGAR-Online
(NEW YORK and LOS ANGELES) Accelerize New Media and EDGAR Online
Partner to Deliver Real-Time XBRL-Tagged Financials and Alerts
NY85183 03/18/2009 10:00 r f TX-Body-Jet-on-TV
(DALLAS) Body-Jet(R), State of the Art Water-Jet Assisted Liposuction
NY85191 03/18/2009 10:00 r f KY-VibrantNationWomen
(LOUISVILLE) Boomer Women Defying Stereotypes
SF85116 03/18/2009 10:00 r f CA-SCCAOR-Urges
(SAN JOSE) SCCAOR Urges Consumers to Check if They Qualify for
the Making Home Affordable Plan
SF85355 03/18/2009 10:00 r f CA-AVerMedia-Award
(MILPITAS) AVerMedia(R) Products Score a Hat Trick With 2009
International Product Awards
SF85446 03/18/2009 10:00 r f CA-SmartTurn-Customer
(SAN FRANCISCO) SmartTurn Customers See Business Growth and
Dramatic Savings With SaaS WMS
DayStar Technologies Announces 2008 Fourth Quarter and Year End Financial Results
SANTA CLARA, Calif., March 16 /PRNewswire-FirstCall/ --DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced financial results for its fourth quarter and full year ended December 31, 2008.
Net loss for the fourth quarter of 2008 was $7.8 million or $0.23 per share, compared with a net loss of $8.0 million or $0.29 per share in the fourth quarter of 2007. Net loss for the full year ended December 31, 2008 was $26.3 million or $0.79 per share, compared with a net loss of $36.1 million or $2.09 per share in 2007. The lower net loss reflects a significant reduction in non-recurring, non-cash expenses, primarily related to the restructuring of a convertible note and other changes in business strategy in 2007. This reduction in non-cash expenses was partially offset by increased operating expenses incurred during 2008 for CIGS-on-glass module and manufacturing process development. The per share losses were calculated on the weighted average common shares outstanding of 33.4 and 33.2 million for the fourth quarter and year ended December 31, 2008, respectively, compared with 27.5 and 17.3 million for the fourth quarter and year ended December 31, 2007, respectively, reflecting the sale of shares in connection with Daystar's follow on public offering in October 2007.
DayStar had cash and cash equivalents of $17.1 million at December 31, 2008, compared with $61.4 million at December 31, 2007. Net property and equipment was $37.1 million at the end of 2008 compared to $9.1 million at the end of 2007, reflecting DayStar's investment in equipment and improvements during 2008. As of December 31, 2008, DayStar had total liabilities of $11.4 million, and total stockholders' equity was $43.5 million.
Conference Call
DayStar will hold its year end conference call today, Monday, March 16, 2009, at 2 pm Pacific time. To listen to the call, dial (412) 858-4600 approximately 10 minutes prior to the start of the call. The pass code is DayStar. A taped replay will be made available approximately one hour after the conclusion of the call and will remain available for one week. To access the replay, dial (412) 317-0088. The pass code is 428596.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com.
SOURCE DayStar Technologies, Inc.
Contact:
DayStar Technologies, Inc.
William S. Steckel Patrick J. Forkin III
Chief Financial Officer Vice President - Corporate Development
408/582.7100 408/907.4633
investor@daystartech.com investor@daystartech.com
DAYSTAR TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE ENTERPRISE)
BALANCE SHEETS
December 31, December 31,
2008 2007
ASSETS
Current Assets:
Cash and cash equivalents $17,120,401 $61,365,559
Other current assets 543,357 666,511
Total current assets 17,663,758 62,032,070
Property and Equipment, at cost 46,022,825 14,911,021
Less accumulated depreciation and
amortization (8,942,105) (5,774,823)
Net property and equipment 37,080,720 9,136,198
Other Assets:
Other assets 204,108 72,427
Total Assets $54,948,586 $71,240,695
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued expenses $7,554,814 $2,620,635
Notes and capital leases payable,
current portion 171,983 174,996
Deferred rent, current portion 175,212 -
Deferred revenue and gain 420,000 2,333
Total current liabilities 8,322,009 2,797,964
Long-Term Liabilities:
Notes and capital leases payable - 171,983
Deferred revenue - 420,000
Deferred rent 2,951,557 -
Stock warrants 125,481 2,771,090
Total long-term liabilities 3,077,038 3,363,073
Commitments and Contingencies - -
Stockholders' Equity:
Preferred stock, $.01 par value;
3,000,000 shares authorized; 0
shares issued and outstanding - -
Common stock, $.01 par value;
120,000,000 shares authorized;
33,438,862 and 32,621,262 shares
issued and outstanding at December
31, 2008 and December 31, 2007,
respectively 334,389 326,213
Additional paid-in capital 140,179,025 135,387,049
Accumulated deficit (10,145,391) (10,145,391)
Deficit accumulated during the
development stage (86,818,484) (60,488,213)
Total stockholders' equity 43,549,539 65,079,658
Total Liabilities and Stockholders'
Equity $54,948,586 $71,240,695
DAYSTAR TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE ENTERPRISE)
STATEMENTS OF OPERATIONS
(Unaudited)
For the Three Months For the Years
Ended December 31, Ended December 31,
2008 2007 2008 2007
Revenue:
Research and
development
contract revenue $- $60,000 $- $60,000
Total revenue - 60,000 - 60,000
Costs and Expenses:
Research and
development 5,687,197 3,260,965 17,678,212 10,420,541
Selling, general
and
administrative 2,057,746 2,589,295 8,864,142 6,875,610
Restructuring - 1,084,776 - 2,840,996
Depreciation and
amortization 934,832 786,067 3,242,504 3,013,149
Total costs
and expenses 8,679,775 7,721,103 29,784,858 23,150,296
Other Income
(Expense):
Other income 132,244 437,211 848,409 566,533
Interest expense (7,392) (272,530) (39,431) (523,355)
Amortization of
note discount
and financing costs - (13,826) - (4,176,138)
Gain (loss) on
derivative
liabilities 730,827 (522,843) 2,645,609 (2,828,136)
Loss on
extinguishment
of debt - - - (6,091,469)
Total other income
(expense) 855,679 (371,988) 3,454,587 (13,052,565)
Net Loss $(7,824,096) $(8,033,091) $(26,330,271) $(36,142,861)
Weighted Average
Common Shares
Outstanding
(Basic And Diluted) 33,438,862 27,462,346 33,164,993 17,302,763
Net Loss Per Share
(Basic and Diluted) $(0.23) $(0.29) $(0.79) $(2.09)
Canadian Solar Announces Support for Ontario's Clean Energy Initiative
TORONTO, March 16 /PRNewswire-Asia/ -- Canadian Solar Inc. ("the Company" or "we") (Nasdaq: CSIQ) today announced its support and thanks for the Government of Ontario's new feed-in tariffs for renewable solar energy.
Dr. Shawn Qu, Chairman and CEO Of Canadian Solar said, "The Province of Ontario, through its bold and creative plan has demonstrated a genuine and exemplary commitment toward renewable energy. We believe the new plan will contribute meaningfully towards addressing the global problems of climate change and pollution resulting from the unsustainable use of fossil fuels. This program sets the stage for other provincial and national authorities in North America to emulate Ontario's example. Of all the renewable energy alternatives, solar is the most attractive from the perspective of long-term viability and environmental footprint. Solar panels have no fuel requirement and the clearest road map for cost reductions among the renewable space. In their rooftop application they minimize the requirement for power transmission lines and associated losses. Canadian Solar, with its industry track record and established presence in North America hopes to play a meaningful role in enabling Ontario's renewable energy goals to be met."
About Canadian Solar Inc. (NASDAQ: CSIQ)
Canadian Solar Inc. is a vertically-integrated manufacturer of silicon, ingots, wafers, cells, solar modules (panels) and custom-designed solar power applications. Canadian Solar delivers solar power products of uncompromising quality to customers worldwide. Canadian Solar's world class team of professionals works closely with our customers to provide them with solutions for all their solar needs. For more information, please visit http://www.csisolar.com.
Safe Harbor/Forward-Looking Statements for Canadian Solar
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on June 3, 2008. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
SOURCE Canadian Solar Inc.
For more information, please contact:
In Toronto, Canada
Alex Taylor, IR Director
Canadian Solar Inc.
Phone: +1-905-530-2334
Fax: +1-905-530-2001
Email: ir@csisolar.com
In the U.S.
Joseph Villalta
The Ruth Group
Phone: +1-646-536-7003
Email: jvillalta@theruthgroup.com
PR Newswire National Summary, Tuesday, March 17, 10 a.m. to noon ET
Following is a summary of news releases transmitted between midnight and 10 a.m. by PR Newswire. The full text of these releases is available at the PR Newswire for Journalists, http://media.prnewswire.com.
SOURCE PRNewswire
CG84480 03/17/2009 10:00 r f IL-CareerBuilder.com
(CHICAGO) Eighteen Percent of Workers Participate in March Madness
Pools at the Office, Finds Annual CareerBuilder Survey
CG84510 03/17/2009 10:00 r f CA-E2open-Celestica
(REDWOOD CITY) New Research Cites E2open Customer Celestica as Prime
Example of Long-Term Viability of SaaS for Supply Chain Management
CG84745 03/17/2009 10:00 r f NC-Talpro-staffing
(RALEIGH) Cisco Teams With Talpro to Provide Staffing Vendor
Management Services to Cisco's Channel Partners
CL84696 03/17/2009 10:00 r f CT-ING-new-web-tool
(WINDSOR) ING Launches New Web-Tool That Connects the Power of
'Peer Comparison' to Retirement Saving
CL84747 03/17/2009 10:00 r f AL-Board-of-Hazard
(HELENA) Board of Certified Hazard Control Management (BCHCM) Announces
the Certified Healthcare Emergency Professional (CHEP) Credential
CL84750 03/17/2009 10:00 r f GA-ARRIS-SVP-sales
(SUWANEE) Dan Whalen Promoted to ARRIS SVP Sales
CNTU016 03/17/2009 10:00 r f Himfr-Bamboo-Trends
(BEIJING) Himfr.com Reports Bamboo Handicrafts Have Become New
Favorites for Modern Home Furnishing
CNTU034 03/17/2009 10:00 r f Support-for-CGDC
(BEIJING) China Game Publishers Association On Giving Full Support
to 'China Game Developers Conference 2009'
DA84240 03/17/2009 10:00 r f TX-Zales-PartyAnimals
(IRVING) New Party Animals Collection Roars Into Zales
DA84675 03/17/2009 10:00 r f TX-Texas-Instruments
(DALLAS) Sensys Networks wireless sensors based on TI microcontrollers
help manage traffic for 10+ years without maintenance
DC84572 03/17/2009 10:00 r f Northwest-EsophyX
(SEATTLE) Northwest Hospital Surgeons Perform First EsophyX
Procedure in Washington State
DC84581 03/17/2009 10:00 r f HRSA-poison-website
(WASHINGTON) HRSA Launches Online Resource to Help Prevent Poisonings
DC84792 03/17/2009 10:00 r f SalvationArmy-records
(ALEXANDRIA) Salvation Army Sets New Red Kettle Record Through Recession
DC84807 03/17/2009 10:00 r f CPSC-state-farm-bears
(WASHINGTON) State Farm(R) Recalls Good Neigh Bears(R) Due to Choking
Hazard
DE84397 03/17/2009 10:00 r f MI-Chrysler-25th-vans
(AUBURN HILLS) More Than Twelve Million Minivan Owners Can't Be Wrong,
Enter 2009 25th Anniversary Edition Chrysler and Dodge Minivans
FL83837 03/17/2009 10:00 r f FL-Discovery-KidsFree
(MIAMI) On Discovery Teens and Kids Cruise Free & Stay Free
in the Bahamas This Summer
FL84686 03/17/2009 10:00 r f FL-Disney-Cat-Cora
(LAKE BUENA VISTA) Celebrity Chef Cat Cora to Open New Walt
Disney World Restaurant
MN84450 03/17/2009 10:00 r f MN-Xiotech-Milliman
(EDEN PRAIRIE) Emprise 7000 Storage System, with ICON Manager and Virtual
NE84786 03/17/2009 10:00 r f MA-John-Hancock-2008
(BOSTON) John Hancock #1 in Long-Term Care Insurance Industry Sales in
2008
NY84106 03/17/2009 10:00 r f IL-TSEA-&-PR-Newswire
(CHICAGO) TSEA Announces Strategic Alliance With PR Newswire
NY84573 03/17/2009 10:00 r f NJ-Quest-ClariSure
(MADISON) Quest Diagnostics ClariSure(TM) Postnatal Molecular Test
Receives Clinical Laboratory Approval from New York State
NY84636 03/17/2009 10:00 r f NY-Ugallery.com-site
(NEW YORK) With Art Galleries Closing, Ugallery.com is Great Option
for Art Lovers Looking for the 'Next Big Thing'
NY84759 03/17/2009 10:00 r f NY-$1-MakesDifference
(GLENS FALLS) $1 Can Make The Difference
NY84789 03/17/2009 10:00 r f Conf-Board-Reputation
(NEW YORK) The Conference Board Finds That Reputation Risk
Management Is on the Rise in U.S. and European Corporations
SF84779 03/17/2009 10:00 r f CA-EASi-Hosts-Forum
(PLEASANTON) EASi Hosts IFRS 2 Forum to Plan for Early Adopters
NY84799 03/17/2009 10:01 r f CA-Hollywood-Reporter
(LOS ANGELES) India's Top Female Film Star, Priyanka Chopra, to Receive
SF84660 03/17/2009 10:03 r f CA-NatlCorndogDay3/21
(LIVINGSTON) One Day, 360 Parties, Thousands of 'Dogs:
National Corndog Day is March 21
DE84805 03/17/2009 10:05 r f IN-WellPoint-Availity
(INDIANAPOLIS) WellPoint Announces Strategic Relationship With Availity to
Enhance the Provider and Health Plan Relationship and Advance Improvements
LA84673 03/17/2009 10:07 r f CA-WaterEC-Newport
(SANTA BARBARA) Water Efficiency & Conservation Conference
Comes to Newport Beach, CA
NY84801 03/17/2009 10:08 r f NY-Correlix-Personnel
(NEW YORK) Trading Metrics Co-Founder Joins Correlix
CG84812 03/17/2009 10:09 r f MO-Peabody-Bear-Run
(ST. LOUIS) Peabody Energy Announces Long-Term Coal Supply Agreements
Totaling Nearly $6 Billion in Revenues From Major New Mine in Indiana
LA84797 03/17/2009 10:11 r f AZ-EMTA-Holdings-Easy
(SCOTTSDALE) EMTA Holdings, Inc. Acquires Light Industrial Staffing
Company
LA84765 03/17/2009 10:12 r f CA-AVT-Launches-SMS
(CORONA) AVT Launches Interactive SMS Technology On Its
Product Dispensing Systems
NY84814 03/17/2009 10:13 r f GA-BIND-Biosciences
(ATLANTA) BIND Biosciences To Install First Siemens Simatic(R)
PCS 7 Lab Process Control System in the U.S.
DC84821 03/17/2009 10:14 r f ABC-Board-decisions
(SCHAUMBURG) ABC Board Broadens Definition of Magazine Digital
Editions, Expands Canadian Representation
TO586 03/17/2009 10:14 r f Sandestin-tax-relief
(DESTIN) Sandestin(R) Golf and Beach Resort offers tax
preparers creative 2009 Tax Relief Package
CL84800 03/17/2009 10:15 r f FL-Carnival-ConfCall
(MIAMI) Carnival Corporation & plc to Hold Conference Call
on First Quarter Earnings
CL84811 03/17/2009 10:15 r f OH-Swapalease.com-top
(CINCINNATI) Vehicle Searches Increased on Swapalease.com
Despite February U.S. Auto Sales Slump
DC83657 03/17/2009 10:15 r f NHMA-latino-health
(WASHINGTON) National Hispanic Medical Association Conference in NYC
Focuses on Increasing the Latino Health Care Workforce
CNTU004 03/17/2009 10:16 r f CISIS-Proves-Value
(DALIAN) CISIS Platform Proves Its Value Amid the Economic Crisis
CL84824 03/17/2009 10:17 r f OH-Frisch's-Dividend
(CINCINNATI) Frisch's Restaurants, Inc. Declares 193rd
Consecutive Quarterly Dividend
NE83601 03/17/2009 10:20 r f MA-EH&E-Healthcare
(NEEDHAM) Healthcare Institutions Can Now Stay Confidently
Up-to-Date With New Regulatory Compliance Calendar
NE84519 03/17/2009 10:20 r f MA-Gundersen-award
(FRANKLIN) Gundersen Lutheran Health System is Recognized
for Safe Lifting Leadership
SPTU099 03/17/2009 10:20 r f General-Shopping-conf
(SAO PAULO) Webcast Alert: General Shopping Brasil S.A. Announces
Fourth Quarter 2008 Earnings Conference Call Webcast
NE84819 03/17/2009 10:24 r f PA-Vivisimo-Meet-Stan
(PITTSBURGH) Have You Met Stan?
LA84242 03/17/2009 10:25 r f CA-Industry-Intellige
(LOS ANGELES) Industry Intelligence Launches New Business Intelligence
UKTU019 03/17/2009 10:25 r f Tata-SEACOM-Contract
(MUMBAI) Tata Communications Increases Connectivity From Africa to
India and Europe via the SEACOM Cable System
DC84825 03/17/2009 10:28 r f PHT-HIMSS-A-Claim
(CARROLLTON) PHT to Demonstrate Innovative Medical Payment
Solution at HIMSS Conference
DC84787 03/17/2009 10:29 r f MD-Calvert-Honest-Tea
(BETHESDA) Honest Tea's 'TeaEO' Goldman Joins Calvert
Foundation's Board of Directors
SF84826 03/17/2009 10:29 r f WA-Seattle-Cancer-CA
(SEATTLE) Patient Infection Rates Controlled by Unique
Program at Outpatient Cancer Clinic
DC83377 03/17/2009 10:30 r f UDayton-econ-forum
(DAYTON) Students Confront Economic Climate at the R.I.S.E. Forum, March
26-28
DC84828 03/17/2009 10:30 r f DC-WeePals-comic-doc
(WASHINGTON) New Documentary to Explore America's First
Multi-Cultural Comic Strip
LA84582 03/17/2009 10:30 r f CA-Bio-Matrix-mag
(SAN DIEGO) Bio-Matrix Scientific Group Gets Spotlight in
Cryogenic International Magazine
SF84659 03/17/2009 10:30 r f IL-IIEARichland
(CHICAGO) Richland Community College Selects David Blume's Alcohol Can Be
NE84831 03/17/2009 10:38 r f MA-InnerscopeResearch
(BOSTON) Innerscope Research(R) Uses Same-Day Results From Biometric Study
NY84842 03/17/2009 10:39 r f GA-Tri-S-08-Results
(ATLANTA) Tri-S Security Announces 2008 Financial Results and Conference
Call
DE84843 03/17/2009 10:41 r f VA-VSGi-MiCTA-contrct
(MCLEAN) VSGi Awarded Video Integration Services Contract
From MiCTA as Endorsed Vendor
DA84837 03/17/2009 10:43 r f TX-Parks-Associates
(DALLAS) One-third of U.S. Broadband Households Interested in Connected
Set-Top
CL84830 03/17/2009 10:45 r f OH-Kroger-donation
(CINCINNATI) Kroger Customers and Associates Contribute Record $10.6
Million to Support The Salvation Army in Their Own Communities
DC84839 03/17/2009 10:45 r f Landrieu-IEDC-award
(WASHINGTON) Landrieu Receives 2009 IEDC Federal Leadership
in Economic Development Award
LA84817 03/17/2009 10:47 r f CA-Spare-Backup-Inc.
(PALM DESERT) Spare Backup Creates New Advertising/Data Mining
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(WASHINGTON) Rep. Slaughter Reintroduces Bill to Help Fight Antibiotic
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(MINNEAPOLIS) Cambria Introduces Cambria Style - A New Magazine
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NanoMarkets' Webinar Highlights Opportunities for Materials Suppliers in Organic Photovoltaics
GLEN ALLEN, Va., March 18 /PRNewswire/ -- The third-generation of photovoltaics (PV) -- organic PV (OPV) and dye sensitized cells (DSC) -- are in the early stages of development but hold out the promise of cheap solar power that can be integrated into consumer electronics and building materials, according to a Webinar presented this morning by NanoMarkets, LC, an industry analyst firm based here. In the presentation, NanoMarkets discussed the current state of the OPV and DSC materials markets and expectations for the future of these technologies over the next eight years. The firm does expect these technologies to be impacted by the current recessionary environment but still sees growth opportunities.
The firm has released a CD ROM of the event with audio and presentation slides. Please visit www.nanomarkets.net for further details.
More about the Webinar:
As background, the first two generations of PV are crystalline silicon (c-Si) and thin-film inorganic PV (TFPV), which includes amorphous silicon (a-Si), copper indium gallium diselenide (CIGS), and cadmium telluride (CdTe). The majority of the PV market currently relies on c-Si (represents about 70 percent of the overall global market). However, thin film technologies are gaining ground as they offer solar cells that can be produced on flexible substrates. And while these inorganic TFPV technologies address some of the issues associated with c-Si, they still rely on expensive materials.
This is where OPV and DSC come in. The value proposition offered by third-generation PV is the promise of significantly lower material costs combined with lower manufacturing costs because these technologies can be adapted for high-speed roll-to-roll (R2R) production. However, OPV and DSC are in the early stages of development, and as such there is uncertainty around their ability to fulfill this potential. On the other hand, this uncertainty brings opportunities to materials suppliers.
To quantify this opportunity, NanoMarkets expects the market for materials used in OPV and DSC cells to grow from $55.3 million this year, to about $576 million in 2016. By the end of the eight-year forecast period, most of the opportunity will come from building integrated PV (BIPV) applications. OPV and DSC offer a unique solution in BIPV because they are not only thin and flexible, and therefore can be combined with building materials, but they maintain efficiency conversion at relatively low light conditions.
For the OPV device, NanoMarkets expects the majority of materials revenues to come from the acceptor and donor materials, which will account for about 65 percent of the OPV material revenues by 2016. The second largest revenue generator for OPV will be encapsulation materials, which will become more and more important as these devices shift toward the use of plastic substrates. For DSC devices, the host material will generate the majority of the revenues from materials (80-85 percent by 2016), followed by encapsulation materials.
That being said, NanoMarkets expects to see relatively significant opportunities for suppliers of encapsulation materials. These materials will be required to prevent the device's exposure to oxygen and water vapor, thus extending the useful life of these devices. Current solutions rely on a second layer of substrate or similar material, but this requires that the edges be sealed. An alternate approach being offered by Vitex is an oxide/polymer multiple layer, which is sold under the brand Barix.
This brings up an important point -- the materials and process technologies for OPV and DSC are in flux. As such, suppliers will have to take on a certain amount of risk in committing to the production of one of these materials. One way to ensure traction when these markets take off is to partner up with device manufacturers early on. Suppliers must up with what the manufacturers are looking for and establish themselves as competent and reliable providers which will be paramount to retaining a lead as a materials supplier in these markets. At the same time, suppliers must have the ability to ramp up to commercial volumes when the time is right.
In conclusion, NanoMarkets sees some opportunity over the next eight years for materials suppliers in the OPV and DSC space. And while the overall materials market will be less than $600 million in 2016 the firm sees strategic reasons for getting into this business.
About NanoMarkets:
NanoMarkets tracks and analyzes emerging market opportunities in electronics created by developments in advanced materials. The firm has published numerous reports related to organic, thin film and printable electronics materials and applications and maintains a blog at www.nanotopblog.com that comments on industry trends and events. NanoMarkets' research database is the industry's most extensive source of information on thin film, organic and printable (TOP) electronics. Visit www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.
SOURCE NanoMarkets
Canadian Solar Reports Fourth Quarter and Year End 2008 Results
Canadian Solar Inc. (the "Company," "Canadian Solar" or "we") (Nasdaq: CSIQ) today reported its unaudited US GAAP financial information for the fourth quarter and the year ended December 31, 2008.
Net revenues for the quarter were $73.0 million (including $5.4 million of silicon material sales), compared to net revenues of $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales) and $252.4 million for the third quarter of 2008 (including $nil of silicon materials sales). Net loss for the quarter was $50.6 million, or $1.42 per diluted share, compared to a net income of $6.0 million, or $0.21 per diluted share, for the fourth quarter of 2007 and net income of $11.1 million, or $0.31 per diluted share, for the third quarter of 2008. Excluding share-based compensation expenses of $1.0 million, non-GAAP net loss for the quarter would have been $49.6 million, or $1.39 per diluted share.
The net loss in the fourth quarter included a $23.3 million write-down for inventory against the net realizable value of inventories as a result of the rapid decrease in the market price and value of feedstock, work-in-progress and finished solar modules. The net loss also included a $12.8 million provision for doubtful accounts. The inventory write-down appears on the income statement as a component of cost of goods sold, while the provision for doubtful accounts appears in the income statement as a component of the SG & A expenses. The Company has $136.2M cash at the end of the quarter. Accounts receivables at the end of the quarter were $50.6 million compared with $153.1 million at the end of Q3. Over the same period the Company paid down approximately $78 million in short term and related party debt.
Net revenues for 2008 were $709.2 million, compared to $302.8 million for 2007, an increase of 134% per year. Net loss for 2008 was $10.0 million, or $0.32 per diluted share, compared to net loss of $0.2 million, or $0.01 per diluted share, for 2007. Excluding share-based compensation expenses of $9.1 million and debt conversion expenses of $10.2 million, non-GAAP net income for 2008 would have been $9.3 million, or $0.29 per diluted share.
Our effective management helped us to mitigate the impact of foreign exchange fluctuation in 2008. The total foreign exchange loss net of hedging gain on financial instruments was $5.6 million for the full year 2008.
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented: ''The end of 2008 was a challenging time for Canadian Solar and for the industry. In Q4, difficult credit conditions for our customers, market-wide module and raw materials inventory price declines and winter weather in Germany directly affected our revenue growth and profitability. Despite these macroeconomic headwinds, we continued to post solid sales to paying customers and to maintain financial discipline. We ended the year with $709.2 million in annual net revenues, a 134% increase over full year 2007, and approximately $136 million in cash, an impressive accomplishment in such tough times. Some of these challenges will persist well into 2009. Nevertheless, Canadian Solar is well positioned to ride out the market turbulence and emerge as an even more successful player. Our strategy will continue to include protecting our balance sheet, maintaining and improving relationships with our high-quality customers who are larger, long-term solar players and to improving our already very competitive cost structure. We expect to achieve wafer to module processing costs of $0.60 per watt and polysilicon to module processing costs of $0.90 per watt by the end of Q2 2009. We believe our ongoing R&D will further improve our products and cost structure, and distinguish us from many of our competitors.''
Arthur Chien, CFO of Canadian Solar, noted: ''We are encouraged by our ability to weather the current economic storm to date, especially as seen in our cash generation and healthy balance sheet. We exercised prudent financial management principles by writing down the value of inventory and making provisions for doubtful accounts. These balance sheet provisions did however significantly affect our quarterly and annual results. We expect to see improved gross margins in Q2 2009 and achieve our guidance margins in H2 once older inventory has been used and as we benefit from lower raw materials pricing. It should also be noted that subsequent to our Q4 pre-release approximately $8 million of long-term debt was reclassified as short-term debt. We believe our strong cash position, low accounts receivables and our access to additional short and long term financing through the support of our local banks are sufficient for our working capital requirements, while retaining our ability to increase capital expenditures that will help to increase our margins and capacity over the long term.''
Outlook
Based on current customer orders, market forecasts and supply contracts, we are offering guidance on full year 2009 shipments of 300 to 350 MW, with net revenues of $600 to $800 million. Achieving our guidance assumes improved macroeconomic conditions in H2 2009. With our disciplined financial management, strong customer and supplier ties, and flexible vertical integration model, we believe that we are currently on track to achieve shipment and revenue guidance.
To protect cash flow from Euro sales against USD exchange rate fluctuation, for the first half of 2009 we transacted 128 million Euros in economic hedges with forward contracts and collars at pricing between 1.36 and 1.49 Euros per U.S. dollar, while for forecasting purposes we have assumed an exchange rate of 1.25 Euros per U.S. dollar for the first half of 2009.
Dr. Qu stated: ''Canadian Solar has now achieved the scale and cost structure to be a long-term player in the solar industry. We currently have one of the most complete crystalline solar module product lines, consisting of high-efficiency mono- crystalline, multi- crystalline solar modules and e-Modules, the most cost-effective crystalline module product on the market. Our high-efficiency crystalline solar products compete favorably with our competitors while our e-Modules offer the quality and durability of crystalline products at prices approaching those of thin-film products. Looking ahead, we believe that we will return to our margin guidance in the second half of the year. This will be achieved by improvements in our cost structure, pricing adjustments in supply agreements and aggressive marketing and sales efforts.
We have already received record level inquiries from our customers with approximately 262 MW contracts signed and an additional 190 MW in the near-term contract pipeline.
We intend to continue our long-term supply chain strategy of combining internal solar wafer and cell production with direct purchasing from a select number of long-term strategic wafer and cell suppliers. The Company continues to develop and deploy new technologies; including the use of solar grade silicon based solar module products and improved PV cell structures including selective emitter, N-type and back contact cells."
Investor Conference Call / Webcast Details
A conference call has been scheduled for 8:00 p.m. on Tuesday, March 17, 2009 (in Jiangsu). This will be 8:00 a.m. on Tuesday, March 17, 2009 in New York. During the call, time will be set aside for analysts and interested investors to ask questions of senior executive officers of the Company.
The call may be accessed by dialing: +1-800-638-5495 (domestic) or +1-617-614-3946 (international). The passcode to access the call is: 67938727. A replay of the call will be available starting one hour after the call and continuing until 11:00 p.m. on Tuesday, March 24, 2009 (in Jiangsu) or 11:00 a.m. on Tuesday, March 24, 2009 (in New York) at http://www.csisolar.com and by telephone at +1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is: 20328110.
About Canadian Solar Inc. (NASDAQ: CSIQ)
Founded in 2001, Canadian Solar Inc. (Canadian Solar) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. Canadian Solar is incorporated in Canada and conducts its businesses worldwide and manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, Canadian Solar has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
SOURCE Canadian Solar Inc.
TORONTO, March 17 /PRNewswire-Asia/ --
2008 Results
-- Q4 net revenues of $73.0 million, compared to Q4 2007 net revenues of
$127.5 million and Q3 2008 net revenues of $252.4 million.
-- Q4 net loss per diluted share of $1.42 compared to Q3 net income per
diluted share of $0.31.
-- Full year 2008 net revenues of $709.2 million, a 134% increase over
full year 2007 net revenues of $302.8 million.
-- Q4 shipments of 19.6 MW, bringing full year 2008 shipments to 167.5 MW,
a 100% increase over full year 2007 shipments of 83.4 MW.
-- December 31, 2008 cash position of $136.2 million, accounts receivables
of $50.6 million and debt to equity ratio of 47%.
2009 Outlook and Developments
-- Full year 2009 net revenue guidance of $600 to $800 million on
shipments of 300 to 350 MW.
-- Approximately 262 MW of projected 2009 module sales (74 - 87% of
guidance) secured by contracts. Approximately 120 MW of the current
contracts are for e-Modules.
Q408 Q308 Q407
Region Revenue % Revenue % Revenue %
Europe 57.0 78.1% 222.4 88.1% 124.1 97.3%
Asia 9.6 13.1% 16.5 6.5% 2.9 2.3%
America 6.4 8.8% 13.5 5.4% 0.5 0.4%
Total Net Revenue 73.0 100% 252.4 100% 127.5 100%
FY08 FY07
Region Revenue % Revenue %
Europe 635.3 89.6% 286.6 94.6%
Asia 41.6 5.9% 13.6 4.5%
America 32.3 4.5% 2.6 0.9%
Total Net Revenue 709.2 100% 302.8 100%
Recent Developments
-- Opened the cell research center, with cell efficiency targets of 18.5%
for mono-crystalline cells, 16.5% for multi-crystalline cells and 15.5%
for solar grade cells used in e-Modules by year-end 2009.
-- Moved the principal place of business of our U.S. subsidiary to San
Ramon, California in January 2009.
-- Achieved 120-150 MW of ingot and wafer capacity and 270 MW of cell
capacity in 2008.
-- Renegotiated the prices and payment terms with certain wafer suppliers
reflecting the change in the market conditions. Further discussions are
currently ongoing with our strategic suppliers to adjust our long-term
supply contracts.
-- Customers installed and obtained financing for estimated 10-12 MW of
e-Modules in 2008 with up to 120 MW of installations expected in 2009.
Canadian Solar now has more than one year of field data from successful
installations of this product and from test installations.
Contacts:
In Canada
Alex Taylor, IR Director
Canadian Solar Inc.
Tel: +1-905-530-2334
Fax: +1-905-530-2001
Email: ir@csisolar.com
In the U.S.
Joseph Villalta
The Ruth Group
Tel: +1-646-536-7003
Email: jvillalta@theruthgroup.com
Canadian Solar Inc.
Reconciliation of US GAAP Gross Profit (Loss), Operating Income
(Loss) and Net Income (Loss) to
Non-US GAAP Gross Profit (Loss), Operating Income (Loss) and Net
Income (Loss)
(Unaudited)
Use of Non-US GAAP Financial Information
To supplement its unaudited condensed consolidated financial statements
presented in accordance with US GAAP, Canadian Solar uses the following
measures as defined as non-US GAAP financial measures by the SEC: adjusted
gross profit, adjusted operating income (loss) and adjusted net income
(loss), each excluding share-based compensation and other one-time
non-cash charges, expenses or gains, which we refer to as special items.
Canadian Solar believes that non-US GAAP adjusted gross profit (loss),
adjusted operating income (loss) and adjusted net income (loss) measures
indicate the Company's baseline performance before subtracting those
charges. In addition, these non-US GAAP measures are among the primary
indicators used by the management as a basis for its planning and
forecasting of future periods. The presentation of these non-US GAAP
measures is not intended to be considered in isolation or as a substitute
for the financial information prepared and presented in accordance with US
GAAP.
2008 Q4
Operating
Gross loss loss Net loss
US GAAP (Loss)/Profit (25,220) (45,916) (50,620)
Share-Based Compensation 85 1,029 1,029
Total Special Items 85 1,029 1,029
Non-US GAAP (Loss)/Profit (25,135) (44,887) (49,591)
Non-US GAAP Earnings/(Loss) Per
Diluted Share ($1.39)
Adjusted Gross (Loss)/Margin -34.40%
Adjusted Operating (Loss)/Margin -61.5%
2008 Q3
Gross Operating
profit income Net income
US GAAP (Loss)/Profit 39,106 25,754 11,070
Share-Based Compensation 86 3,538 3,538
Total Special Items 86 3,538 3,538
Non-US GAAP (Loss)/Profit 39,192 29,292 14,608
Non-US GAAP Earnings/(Loss) Per
Diluted Share $0.41
Adjusted Gross (Loss)/Margin 15.5%
Adjusted Operating (Loss)/Margin 11.6%
2007 Q4
Gross Operating
profit income Net income
US GAAP (Loss)/Profit 14,608 5,491 5,993
Share-Based Compensation 90 2,181 2,181
Total Special Items 90 2,181 2,181
Non-US GAAP (Loss)/Profit 14,698 7,672 8,174
Non-US GAAP Earnings/(Loss) Per
Diluted Share $0.29
Adjusted Gross (Loss)/Margin 11.5%
Adjusted Operating (Loss)/Margin 6.0%
2008 1~12 2007 1~12
Net Operating Net
Gross Operating income/ Gross income/ income/
profit income (loss) profit (loss) (loss)
US GAAP Profit/(Loss) 75,198 23,132 (10,009) 23,776 (1,957) (210)
Share-Based
Compensation 350 9,102 9,102 253 9,200 9,200
Debt Conversion
Expenses -- -- 10,170 -- -- --
Total Special Items 350 9,102 19,272 253 9,200 9,200
Non-US GAAP Profit 75,548 32,234 9,263 24,029 7,243 8,990
Non-US GAAP Earnings Per
Diluted Share $0.29 $0.33
Adjusted Gross Margin 10.7% 7.9%
Adjusted Operating Margin 4.5% 2.4%
FINANCIAL TABLES BELOW:
Canadian Solar Inc.
Unaudited Condensed Consolidated Statements of Operations
(In Thousands of U.S. Dollars, Except Share And Per Share Data And
Unless Otherwise Stated)
Q4 2008 Q3 2008 Q4 2007
Net Revenues 73,013 252,362 127,459
Cost Of Revenues 98,233 213,256 112,851
Gross (Loss)/Profit (25,220) 39,106 14,608
Operating Expenses:
Selling Expenses 1,768 3,482 2,970
General And Administrative Expenses 18,455 9,267 5,826
Research And Development Expenses 473 603 321
Total Operating Expenses 20,696 13,352 9,117
(Loss)/Income From Operations (45,916) 25,754 5,491
Other Income/(Expenses):
Interest Expenses (2,479) (3,379) (1,423)
Interest Income 2,552 819 166
Tax Refund For Reinvestment -- -- 924
Debt Conversion Expenses -- -- --
Gain On Financial Instruments 7,031 7,424 --
Foreign Exchange (Loss)/Gain (10,363) (17,298) 727
(Loss)/Income Before Taxes (49,175) 13,320 5,885
Income Taxes (1,445) (2,250) 108
Net (Loss)/Income (50,620) 11,070 5,993
Basic (Loss)/Earnings Per Share ($1.42) $0.32 $0.22
Basic Weighted Average Number Of
Outstanding Shares 35,686,313 34,802,363 27,297,428
Diluted (Loss)/Earnings Per Share ($1.42) $0.31 $0.21
Diluted Weighted Average Number Of
Outstanding Shares 35,686,313 35,580,187 28,130,379
Canadian Solar Inc.
Unaudited Condensed Consolidated Statements of Operations
(In Thousands of U.S. Dollars, Except Share And Per Share Data And
Unless Otherwise Stated)
2008 1~12 2007 1~12
Net Revenues 709,196 302,798
Cost Of Revenues 633,998 279,022
Gross (Loss)/Profit 75,198 23,776
Operating Expenses:
Selling Expenses 10,608 7,531
General And Administrative Expenses 39,633 17,204
Research And Development Expenses 1,825 998
Total Operating Expenses 52,066 25,733
(Loss)/Income From Operations 23,132 (1,957)
Other Income/(Expenses):
Interest Expenses (11,266) (2,367)
Interest Income 3,531 562
Tax Refund For Reinvestment -- 924
Debt Conversion Expenses (10,170) --
Gain On Financial Instruments 14,455 --
Foreign Exchange (Loss)/Gain (20,087) 2,443
(Loss)/Income Before Taxes (405) (395)
Income Taxes (9,604) 185
Net (Loss)/Income (10,009) (210)
Basic (Loss)/Earnings Per Share ($0.32) ($0.01)
Basic Weighted Average Number Of
Outstanding Shares 31,566,503 27,283,305
Diluted (Loss)/Earnings Per Share ($0.32) ($0.01)
Diluted Weighted Average Number Of
Outstanding Shares 31,566,503 27,283,305
Canadian Solar Inc.
Unaudited Condensed Consolidated Balance Sheets
(In Thousands of U.S. Dollars)
Dec 31 Dec 31
2008 2007
ASSETS
Current Assets:
Cash And Cash Equivalents 115,661 37,667
Restricted Cash 20,622 1,625
Accounts Receivable, Net 50,678 58,637
Inventories 92,683 70,921
Value-Added Tax Recoverable 15,900 12,247
Advances To Suppliers 24,654 28,745
Foreign Currency Derivative Assets 6,974 --
Prepaid and Other Current Assets 10,919 10,058
Total Current Assets 338,091 219,900
Property, Plant and Equipment, Net 165,542 51,486
Intangible Assets 263 136
Deferred Convertible Notes Issuance Costs 36 3,296
Prepayments To Suppliers 43,087 4,103
Prepaid Rental 12,782 1,616
Investments 3,000 --
Deferred Tax Assets - Non-Current 6,998 3,966
TOTAL ASSETS 569,799 284,503
LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities:
Short-Term Borrowings 99,858 40,374
Accounts Payable 29,957 8,251
Other Payables 24,043 6,153
Advances From Customers 3,571 1,962
Income Tax Payable 1,283 143
Amounts Due To Related Parties 94 209
Other Current Liabilities 2,737 2,121
Total Current Liabilities 161,543 59,213
Accrued Warranty Costs 10,847 3,879
Provision For Uncertain Tax Issue 8,704 2,278
Convertible Notes 1,000 75,000
Long-Term Debt 56,164 17,866
TOTAL LIABILITIES 238,258 158,236
Stockholders' Equity:
Common Shares 294,707 97,454
Additional Paid-In-Capital 35,538 26,436
Accumulated Deficit (13,613) (3,604)
Accumulated Other Comprehensive Income 14,909 5,981
TOTAL STOCKHOLDERS' EQUITY 331,541 126,267
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 569,799 284,503
Solarbuzz Reports World Solar Photovoltaic Market Grew To 5.95 Gigawatts in 2008
SAN FRANCISCO, March 16 /PRNewswire/ -- World solar photovoltaic (PV) market installations reached a record high of 5.95 gigawatts (GW) in 2008, representing growth of 110% over the previous year, says the annual PV market report issued today by Solarbuzz LLC, a San Francisco-based solar energy consultancy.
The PV industry generated $37.1 billion in global revenues in 2008, while successfully raising over $12.5 billion in equity and debt, up 11% on the prior year.
Europe accounted for 82% of world demand. Spain's 285% growth pushed Germany into second place in the market ranking, while the US advanced to number three. Rapid growth in Korea made it the fourth largest market in 2008, closely followed by Italy and Japan.
World solar cell production reached a consolidated figure of 6.85 GW in 2008, up from 3.44 GW a year earlier. China and Taiwan increased their share of global solar cell production to 44% in 2008, rising from 35% in 2007. Meanwhile, thin film production grew 123% to 0.89 GW.
Polysilicon supply to the solar industry grew by 127% in megawatt terms, sufficient to substantially ease supply limitations in 2008.
"Twelve months ago, we projected that as early as the fourth quarter of 2008 the PV industry would no longer be constrained by solar module supply, but instead by market demand," said Craig Stevens, President of Solarbuzz LLC. "Now, the PV industry will need to navigate major changes in the regional demand mix, with new markets emerging, while addressing excess supply positions and significant adjustments to industry pricing."
This year's forecast data and outcomes for 2009-2013 are set out in the new 300+ page Marketbuzz(TM) 2009 report. The PV industry's principal annual report provides in-depth and insightful analysis of global market demand, supply capacity and production, pricing through the PV chain, manufacturing costs and gross margins, capital expenditure together with a focus on the key industry, corporate and policy challenges.
The Marketbuzz(TM) 2009 report (previewed at www.solarbuzz.com/Marketbuzz2009-intro.htm)
About Solarbuzz LLC:
Solarbuzz LLC is an international solar energy consultancy, headquartered in San Francisco, California.
Further details about Solarbuzz LLC can be found at: www.solarbuzz.com
or by calling:
+ 1 415 928 9743 (United States)
SOURCE Solarbuzz LLC
China Sunergy Signs Letter of Intent With SolarMax, a Leading U.S.-Based Photovoltaic Systems Integrator
NANJING, China, March 18 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has signed a letter of intent with SolarMax Technology Inc. (SolarMax), one of the leading system integrators of photovoltaic systems in the United States.
In entering the letter of intent, China Sunergy seeks the enhancement of mutual competitive advantages of both parties. According to the letter of intent, China Sunergy will supply 25MW of solar cells to SolarMax throughout 2009. The supply schedule and supply volume are subject to change depending on the cooperation performance achieved by both parties.
The letter of intent contemplates further cooperation between the parties in other manners. According to the letter of intent, SolarMax will act as a sales agent and representative of China Sunergy in the U.S., and China Sunergy will receive local support from SolarMax. The parties will also work together on all projects, with each party participating at a varying level for different projects.
The consummation of the cooperation under the letter of intent is subject to the execution of definitive agreements and other conditions mutually accepted by the parties.
Upon signing the letter of intent, Dr. Ruennsheng Allen Wang, Director and CEO of China Sunergy, remarked: "We are making steady progress regarding our strategy of customer base diversification as demonstrated by entering this mutual understanding with SolarMax. This cooperation offers competitive advantages to both China Sunergy and SolarMax, and we hope to mutually benefit from our partnership. We are confident that we will continue to enter into international markets in Europe and the United States through the sales of our advanced solar cell products."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a specialized manufacturer of solar cell products in China. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements and are based on current expectations, assumptions, estimates and projections about the company and the industry, and involve known and unknown risks and uncertainties, including but not limited to, the company's ability to raise additional capital to finance the company's activities; the effectiveness, profitability, and the marketability of its products; the economic slowdown in China and elsewhere and its impact on the company's operations; demand for the company's products; the future trading of the common stock of the company; the ability of the company to operate as a public company; the period of time for which its current liquidity will enable the company to fund its operations; the company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; future shortage or availability of the supply of raw materials and other risks detailed in the company's filings with the Securities and Exchange Commission. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
SOURCE China Sunergy Co., Ltd.
For further information, please contact:
FD Asia
Peter Schmidt
Tel: +86-10-8591-1953
Email: peter.schmidt@fd.com
PR Newswire Summary of Technology Copy, March 17, 2009
Following is a summary of high technology news releases transmitted today by PR Newswire. The full text of these releases is available at the PR Newswire for Journalists, http://media.prnewswire.com.
SOURCE PR Newswire
SF84619 03/17/2009 02:00 r f CA-CyberSource-data
(MOUNTAIN VIEW) Airlines Tackle $1.4 Billion Online Fraud Challenge
HKTU003 03/17/2009 02:13 r f Compass-Edge-Hotel
(SINGAPORE) Compass Edge Announces Complete Suite of Electronic
Distribution and Marketing Products for Hotels in Asia Pacific
UKTU001 03/17/2009 02:54 r f Cellcom
(NETANYA) Cellcom Israel Announces a Purported Class Action
Filed Against the Company
UKTU002 03/17/2009 03:00 r f Autonomy-Corporation
(CAMBRIDGE) Autonomy Completes Acquisition of Interwoven, Inc.
LA84662 03/17/2009 03:01 r f CA-Epson-America-GS
(LONG BEACH) Epson Introduces GS Canvas Gloss Media for
Fine Art Solvent Printing
SF83779 03/17/2009 03:01 r f CA-Adaptec-Awards
(MILPITAS) Adaptec Wins ChannelWeb and Business Solutions Magazine
Awards for Storage Industry Channel Excellence
UKM023 03/17/2009 04:00 r f FTS
(HERZLIYA) FTS Selected as the Interconnect Billing Provider by Starcomms
DA84297 03/17/2009 05:00 r f FrostSullivanAppStore
(LONDON) Mobile Applications Stores: A Virtual 'Farmer's
Market' Says Frost & Sullivan
HS83924 03/17/2009 05:00 r f Celltick-Azercell
(LONDON) Azercell Pleased With ARPU Generated From Celltick's LiveScreen
Media
SF84734 03/17/2009 05:00 r f CA-Thermal-Engineer
(SAN JOSE) New Thermal Test Chip: Meets JEDEC Standards
UKF004A 03/17/2009 05:00 r f Konftel-German-Phones
(UMEA) Konftel to Make Conference Phones for German snom
UKM020 03/17/2009 05:00 r f Acision-Sun-SMS-Servi
(MANILA) Sun Cellular Offers Personalised Messaging Powered
by Acision Text Suite
UKSU002 03/17/2009 05:00 r f Celltick
(LONDON) Azercell Pleased With ARPU Generated From Celltick's LiveScreen
Media
UKTU007 03/17/2009 05:29 r f Nokia
(ESPOO) Nokia Streamlines Operations in Several Units and Functions
NY83561 03/17/2009 05:30 r f NY-Sensis-contract
(EAST SYRACUSE) Airservices Australia Selects Sensis/NAV CANADA
Team for National Tower Program Technology Project
LA84242 03/17/2009 06:00 r f CA-Industry-Intellige
(LOS ANGELES) Industry Intelligence Launches New Business Intelligence
Service to Help Customers Manage Information Complexity
NY84679 03/17/2009 06:00 r f MA-TripAdvisor-Svy
(NEWTON) Photos: U.S. Flyers Fee'd Up With Checked Bags
Charges, but Will Soar for Savings
NE84509 03/17/2009 06:20 r f DC-Gentag-IP-Sale
(LONDON and WASHINGTON) Gentag, Inc. Engages US and UK Firms
to Explore Strategic Options
AQTU046 03/17/2009 06:30 r f CA-Trimble-Chosen
(SUNNYVALE) Three Electric Cooperatives Choose Trimble
UtilityCenter Software for GIS Mapping and Asset Management
LA84739 03/17/2009 06:30 r f TX-MN-ViewCast
(PLANO) ViewCast Completes Asset Acquisition of Ancept
CG84613 03/17/2009 07:00 r f IL-CareerBuilder.com
(CHICAGO) Six-in-Ten Workers Over the Age of Sixty Postponing
Retirement Due to Economic Downturn, Finds CareerBuilder Survey
CL84716 03/17/2009 07:00 r f NY-Advance-Nanotech
(NEW YORK) AVNA's Owlstone Named Finalist by AMA Association for
Sensor Technology for its SENSOR Innovation Award 2009
CNTU026 03/17/2009 07:00 r f PWRD-Game-In-US
(BEIJING) Perfect World Launches Open Beta Testing for
'Pocketpet Journey West' in North America
NY84564 03/17/2009 07:00 r f Ethernet-Expo-Europe
(LONDON) Ethernet Expo to Span the Globe
SF84741 03/17/2009 07:00 r f CA-zAgile-product
(SAN FRANCISCO) zAgile's Wikidsmart Revolutionizes the Enterprise Wiki
LA84593 03/17/2009 07:03 r f CO-Rebit-Murphy-CRN
(LONGMONT) CRN Names Rebit's Murphy as Channel Chief
UKTU013 03/17/2009 07:24 r f Alcatel-Lucent
(PARIS) Alcatel-Lucent Directory Server to Enable Service Providers to
Offer Personalized Mobile Communication and Web 2.0 Applications
PH84707 03/17/2009 07:38 r f FL-ioBridge-develops
(GAINESVILLE) ioBridge Develops Web-based, Remote Control
and Monitoring Platform
PH84530 03/17/2009 07:40 r f PA-Clinic-Tools-Inc
(PHILADELPHIA) Electronic Medical Record of the Future Is Here
PH84394 03/17/2009 07:50 r f GA-Mooch-LLC-Trading
(ATLANTA) Mooch, a New Video Game Trading Service, Launches Free Beta
AQ84647 03/17/2009 08:00 r f PA-Motorola
(HORSHAM) Motorola Expands On Demand Platform to Enhance Support
for Rapidly Growing On Demand Libraries
AQ84733 03/17/2009 08:00 r f CA-SCEA-ResistancePSP
(FOSTER CITY) Best Selling Resistance(TM) Franchise Invades PSP(R)
(PlayStation(R)Portable) System With Resistance: Retribution(TM)
AQTU045 03/17/2009 08:00 r f CA-blinkx-SVP-speaks
(SAN FRANCISCO) blinkx SVP Federico Grosso to Speak at Media Summit New
York
AQTU050 03/17/2009 08:00 r f WA-1Cast-New-Platform
(KIRKLAND) 1Cast Says CNBC, Wall Street Journal Digital Network, Reuters,
Bloomberg, AFP are Among First to Distribute News Content on New Online
CG83790 03/17/2009 08:00 r f MI-V.I.O.-POV-camera
(MARQUETTE) V.I.O. Continues to Lead Wearable Video
Industry with Launch of POV.1.5
CG84154 03/17/2009 08:00 r f IL-MotorolaLatestBroa
(SCHAUMBURG) Motorola's Latest Broadband Solutions Offer High
Availability, Resiliency and Security in the 4.9GHz Band
CG84532 03/17/2009 08:00 r f NY-AT&T-Long-Island
(DEER PARK) AT&T Sets Its Sites Across Long Island in 2009
CL84536 03/17/2009 08:00 r f NC-RealEstate-com
(CHARLOTTE) RealEstate.com, REALTORS(R) Launches Real Estate Channel on
YouTube
CL84715 03/17/2009 08:00 r f MD-Triumfant-Award
(ROCKVILLE) Triumfant Named 'Cool Vendor' by Leading Analyst Firm
CNTU030 03/17/2009 08:00 r f CTFO-At-Traffic-Exhib
(BEIJING) China TransInfo Technology Corp. to Attend International
Exhibition on Infrastructure, Traffic Management, Safety and Parking
HKTU001 03/17/2009 08:00 r f Knowledge-Mandarin
(HONG KONG) Learn Mandarin, the Emerging Language, with Ease on the
iPhone -- Knowledge Factories Releases the Mandarin FastTrack 1.0
LA84620 03/17/2009 08:00 r f CA-OnlineAutoInsuranc
(LOS ANGELES) Proven Methods of Finding Cheaper Auto Insurance
LA84630 03/17/2009 08:00 r f VA-CSC-ISO-20000
(FALLS CHURCH) CSC Achieves Global ISO 20000 and 9001 Certifications
LA84714 03/17/2009 08:00 r f TX-Trintech-KPMG-week
(DALLAS) Trintech Showcases Integrated Financial Governance, Risk, and
Compliance Software Solutions and Leads Panel Discussion with KPMG
NE83610 03/17/2009 08:00 r f PA-Allin-unveils
(PITTSBURGH) Allin Interactive Unveils Microsoft Surface
Applications at SeaTrade Miami
NE84193 03/17/2009 08:00 r f MD-Metastorm-Summit
(BALTIMORE) Metastorm to Participate in Gartner Business
Process Management Summit 2009
NE84681 03/17/2009 08:00 r f TX-Conduit-Labs-music
(AUSTIN) Loudcrowd Launches to Bring Social Music Gaming Online
PH84524 03/17/2009 08:00 r f VA-CACI-Fortune-Mag
(ARLINGTON) Fortune Magazine Rates CACI Among World's Most Admired
Companies and the Most Admired Company in Virginia
PH84618 03/17/2009 08:00 r f VA-SteelCloud-BCBSA
(HERNDON) SteelCloud Selected as One of the Suppliers on a
Multi-Year $85 Million IT Services IDIQ Contract
SF84267 03/17/2009 08:00 r f CA-Apture-Clearstone
(SAN MATEO) Apture Secures $4.1 Million in Series A Funding
led by Clearstone Venture Partners
SF84584 03/17/2009 08:00 r f CA-PBwiki-Mobile
(SAN MATEO) PBwiki Announces Mobile Edition for iPhone and BlackBerry
SF84718 03/17/2009 08:00 r f CA-Mimosa-product
(SANTA CLARA) Mimosa Bridges Archiving and Data Protection in a Unified
Solution With NearPoint for Microsoft Office SharePoint Server 2007
SF84721 03/17/2009 08:00 r f CA-Mimosa-Systems
(SANTA CLARA) Mimosa Extends Relationship With Microsoft to Deliver
Enhanced Value for Office SharePoint Server 2007 Users
SF84724 03/17/2009 08:00 r f CA-Fujitsu-Computer
(SUNNYVALE) Fujitsu Introduces Two New ScanSnap Scanners With
Advanced Productivity Features for Business Users Everywhere
SF84731 03/17/2009 08:00 r f IL-InStep-Software
(CHICAGO) EDF Selects InStep's PRiSM Online Condition Monitoring Software
PH84763 03/17/2009 08:01 r f CA-SS8-WiMAX--Taiwan
(MILPITAS) SS8 Completes Successful WiMAX Implementation in Taiwan
PH84414 03/17/2009 08:05 r f MN-DearDaddy.com
(PARK RAPIDS) Great Depression Journal: Mother Home-Schooled
'Problem' Student Later Nominated for Nobel Prize in Physics
PH83519 03/17/2009 08:10 r f VA-JEDEC-hosts-summit
(ARLINGTON) JEDEC to Host Flash Storage Summit in San Jose, CA
PH83401 03/17/2009 08:11 r f PA-Penske-CyntrX
(READING) Penske Truck Leasing Now Offers CyntrX(TM) 3.0 for
Fleet Tracking and Reporting
LA82518 03/17/2009 08:15 r f CA-SquareEnix-ValkPro
(LOS ANGELES) VALKYRIE PROFILE: Covenant of the Plume Ships to Retailers
Today
PH84195 03/17/2009 08:15 r f MO-Teen-Medicine-Mtg.
(BLUE SPRINGS) Society for Adolescent Medicine Meeting to Focus on
'E-Teens' and How Adolescents Incorporate Technology and Health
NE84472 03/17/2009 08:16 r f Sensata-Tech-BV-notes
(ALMELO) Sensata Technologies Announces Preliminary Results of and
Amendments to Tender Offers for Senior and Senior Subordinated Notes
SF84725 03/17/2009 08:17 r f CA-Agito-Networks
(SANTA CLARA) Agito Networks Named 'Cool Vendor' By Leading Analyst Firm
DC84146 03/17/2009 08:30 r f Multicore-Platforms
(EL DORADO HILLS) Multicore Association Creates Working Group to
Address Virtualization for Embedded Multicore Platforms
LA84641 03/17/2009 08:30 r f VA-CSC-BCBSMA
(FALLS CHURCH) Massachusetts Studies Reveal Importance of
Incentives in Healthcare Technology Adoption
MO576 03/17/2009 08:30 r f e-CGI-Award-CMS-ESD
(FAIRFAX) CGI Announces US$135 Million Award from Centers for Medicare &
Medicaid Services to Maintain and Enhance Medicare Advantage & Part D
Systems
NY84349 03/17/2009 08:30 r f AvensysInc-ITFLabsOFC
(MONTREAL) ITF Labs' Micro-DPSK Demodulator Demonstrates
Exceptional Reliability
NY84640 03/17/2009 08:30 r f IL-Quixote-Corp-Adopt
(CHICAGO) Quixote Corporation Adopts Stockholder Rights Plan
Designed To Preserve Use of Net Operating Losses
PH84489 03/17/2009 08:30 r f VA-Intersection-joins
(CHANTILLY) Intersections Inc. Joins SkyMiles to Offer 5,000 Miles for
Customers Who Sign Up for Identity Guard(R) Total Protection Services
PH84635 03/17/2009 08:30 r f NY-Optimum-Lightpath
(JERICHO) Optimum Lightpath Names John Macario as Senior Vice
President of Product Strategy and Management
SF84574 03/17/2009 08:30 r f CT-NovellusATMIEnthon
(DANBURY) Novellus, ATMI and Enthone Introduce Enhanced
Electrochemical Deposition Process for Copper
PH84623 03/17/2009 08:45 r f MD-iJet-Avian-report
(ANNAPOLIS) iJET Issues 2008 Review & Forecast Report on Avian
Influenza and Pandemic Preparedness
PH84504 03/17/2009 08:46 r f VA-Avineon-seminar
(ALEXANDRIA) Avineon to Demonstrate Avineonics Emergency Management
System at 'BPM for Government Excellence' Seminar
PH82818 03/17/2009 08:56 r f PA-Tyco-Electrn-FIRST
(BERWYN) Tyco Electronics Inspires Next Generation of Engineers as
Gold Supplier of the FIRST Robotics Competition
LA84771 03/17/2009 08:57 r f CA-Crackle.com-Debuts
(CULVER CITY) Crackle.com Debuts New 13-Week Season Featuring Original
Programming
CL84541 03/17/2009 08:58 r f KY-Lexmark-expands
(LEXINGTON) Lexmark expands distribution in office
superstore, consumer electronic channels
PH84777 03/17/2009 08:58 r f NY-.Tel-Domainmonster
(NEW YORK) Community .Tel Hosting Platform Live at Domainmonster.com
CG84381 03/17/2009 09:00 r f TX-AT&T-smart-grid
(DALLAS) AT&T To Offer Wireless Smart Grid Technology To Utility Companies
CG84508 03/17/2009 09:00 r f IL-OrecXLoway
(CHICAGO) Loway Adds Support For OrecX TR Open Source Recorder in
New QueueMetrics(R) Call Center Monitor 1.5.1
CG84565 03/17/2009 09:00 r f MN-Swarmcast-Raycom
(MINNEAPOLIS) Raycom and Swarmcast Deliver ACC Basketball Online
CL84332 03/17/2009 09:00 r f MO-Equifax-TALX-Tax
(ST. LOUIS) New Business Activity Ramps up at TALX as Several New
Clients Opt for Tax Management Services Solution
DA84177 03/17/2009 09:00 r f TX-EFJohnson-Project
(IRVING) EF Johnson Technologies, Inc. Introduces Information
Assurance for its IP25(TM) Project 25 Infrastructure Systems
DA84518 03/17/2009 09:00 r f TX-HealthyPlace.com
(SAN ANTONIO) HealthyPlace.com, the Largest Consumer Mental Health Site,
Launches Mediminder, a Free Medication Reminder Tool for the More Than 30
Million
LA84408 03/17/2009 09:00 r f CA-GamerDoc-PADevTeam
(NEWPORT BEACH) Gamer Doc(TM) Video Game Store Owner Jeffrey
Garrison Joins Area Developer Team
LA84585 03/17/2009 09:00 r f CA-RPDM-Contract
(CARDIFF) Rapid Fire Marketing Increased Business - Zero Debt
NE84507 03/17/2009 09:00 r f MA-AMR-Conf-Speakers
(BOSTON) AMR Research Announces Speakers for 2009 Supply
Chain Executive Conference
NE84517 03/17/2009 09:00 r f NH-VKernel-CEO-speaks
(PORTSMOUTH) Alex Bakman, Founder and CEO of VKernel, to Speak on Safely
Maximizing Virtual Machine Density at 2009 Virtualization Conference
NE84549 03/17/2009 09:00 r f MA-Northern-Light
(CAMBRIDGE) Northern Light Changes the Face of Business Search By
Adding 'Meaning-Loaded Concepts' to Search Results
NY82791 03/17/2009 09:00 r f CA-CEVA-Inc-Webinar
(SAN JOSE) Webinar Alert: CEVA, Inc. Announces Upcoming Web Seminar
NY84179 03/17/2009 09:00 r f NY-Deloitte-Axeda
(NEW YORK) Deloitte and Axeda Form Alliance to Deliver Live
Intelligence Platform(TM)
NY84275 03/17/2009 09:00 r f NJ-BracketOnV-Cast
(BASKING RIDGE) Bracket Booster: Panel of Top Coaches Provides Preview of
First Round College Basketball Games Only on V CAST Video
NY84443 03/17/2009 09:00 r f MA-Everything-Channel
(FRAMINGHAM) Everything Channel Unveils ChannelWeb Connect, a Social
Networking Community for the Technology Channel
NY84720 03/17/2009 09:00 r f NY-Atari-PacksReady2R
(NEW YORK) Atari Packs a Punch as the Big-Hitting Wii Party Game
'Ready 2 Rumble: Revolution' Ships to Stores
NY84744 03/17/2009 09:00 r f Nam-Tai-offer-4-NTEEP
(MACAO) Composite Offer Document Despatched in Hong Kong
regarding the Proposed Offer to Privatize NTEEP
PH84246 03/17/2009 09:00 r f PA-ParagnTech-4Q-Earn
(EASTON) Paragon Technologies Reports 2008 Fourth Quarter and Year-End
Results
PH84344 03/17/2009 09:00 r f NJ-Lockheed-honors
(CHERRY HILL) Lockheed Martin Unit to Honor Superlative
Employees in New Jersey, Georgia, and Virginia
PH84650 03/17/2009 09:00 r f SigmaSystems-showcase
(MEXICO CITY) Sigma Systems to Showcase its TV and Triple-play
Fulfillment Solutions at Canitec Expo 2009
PH84657 03/17/2009 09:00 r f PA-Synergema-Virtual
(THORNDALE) Synergema's Virtual Workplace Sets Employees Free
SF83834 03/17/2009 09:00 r f WA-OpticonMobility
(RENTON) Opticon Mobility Group Announces NAV, Hosted Device
Management and Enhanced Messaging for Small to Medium Businesses
SF84580 03/17/2009 09:00 r f CA-NVIDIA-Physics-PS3
(SANTA CLARA) NVIDIA Provides Physics Technology for PLAYSTATION(R)3
SF84709 03/17/2009 09:00 r f WA-MicrosoftVirtuaHea
(MARLTON) Virtua Health Selects Microsoft Amalga to Help Improve Patient
Care
SF84723 03/17/2009 09:00 r f CA-Comcast-DigiVoice
(SANTA MARIA) Comcast Launches Comcast Digital Voice(R) Phone
Service in Santa Barbara County
SF84729 03/17/2009 09:01 r f CA-Think-Svcs-Game
(BERLIN and SAN FRANCISCO) 2009 Game Developers Conference(R)
Europe Opens Call For Submissions
DA84141 03/17/2009 09:05 r f TX-EF-Johnson-console
(IRVING) EF Johnson Technologies, Inc. Introduces StarGate(TM) Dispatch
Console
DA84241 03/17/2009 09:10 r f TX-EF-Johnson-IWCE
(IRVING) EF Johnson Technologies, Inc. Highlights New Products at IWCE
CG84500 03/17/2009 09:15 r f CA-TrustedID-Discount
(SAN FRANCISCO) TrustedID(R) Offers Discounted Identity Theft
Protection for Unemployed Customers
DC84628 03/17/2009 09:15 r f TN-Innovation-Valley
(OAK RIDGE) Projects Bolster Innovation Valley Claim as
World-Class Research and Entrepreneurial Hub
DC84781 03/17/2009 09:15 r f CRA-comp-science-edu
(WASHINGTON) Computer Science Majors Increase at Most
Significant Rate Since Dot Com Boom
NY84112 03/17/2009 09:15 r f NY-eScholar-Recognize
(WHITE PLAINS) eScholar Customers Recognized at Washington, D.C.
Meeting Featuring Secretary of Education
HKTU004 03/17/2009 09:17 r f AsiaPay-ChinaPay
(HONG KONG) AsiaPay Partners with ChinaPay to Provide Added Payment
Acceptance
Convenience to Online Merchants in Asia Accepting Payments from Customers
in
NE84556 03/17/2009 09:17 r f MA-MercuryComp-pres
(CHELMSFORD) Mercury Computer Systems to Present at the Sidoti & Company
13th Annual New York Emerging Growth Institutional Investor Forum
PH84778 03/17/2009 09:17 r f CA-Richardson-new-mod
(SAN FRANCISCO) Richardson Releases New CRM Sales Call Planning
Module with Built-in Real-time Coaching and Training
DA84498 03/17/2009 09:20 r f OK-Merchant-Metrix
(NORMAN) Survey Reveals What Business Owners Seek in E-Commerce Shopping
Cart
NY84292 03/17/2009 09:20 r f GA-nuBridges-Exchange
(ATLANTA) Upgrade to Commerce Suite Module of nuBridges
Exchange(TM) Now Available
CG84221 03/17/2009 09:25 r f IL-NAVTEQ-MPEplatform
(CHICAGO) NAVTEQ Announces the Map and Positioning Engine Development
Platform
CG84595 03/17/2009 09:30 r f TX-AT&T-U-verse-BBall
(DALLAS) AT&T U-verse TV Customers Score With Interactive
College Basketball Application
LA84626 03/17/2009 09:30 r f CO-FreeWave-DanSteele
(BOULDER) Dan Steele, Oil and Gas Expert at FreeWave Technologies, to
Conduct a Seminar at ISA Southwestern Section Event
PH84416 03/17/2009 09:30 r f NJ-Sparta-Strengthens
(HOLMDEL) Sparta Systems Strengthens TrackWise(R) Enterprise Class
Quality Management Solution with Robust Web Services Capabilities
SF83559 03/17/2009 09:30 r f CA-SonicWALL-802.11n
(SUNNYVALE) SonicWALL Introduces High-Speed 802.11n Clean Wireless
Solution
SF84282 03/17/2009 09:30 r f CA-SonicWALL-Danforth
(SUNNYVALE) SonicWALL Delivers Spam-Free High-Performance Network
Security for Donald Danforth Plant Science Center
CG84513 03/17/2009 09:31 r f IL-SevenSummits-Alert
(CHICAGO) Seven Summits Research Releases Alerts on GOOG, SLB, HIG, MRO,
and WY
NY84796 03/17/2009 09:50 r f CT-CT-TyMetrix-blog
(HARTFORD) CT TyMetrix Launches Blog Dedicated to Legal Spend Management
CG84480 03/17/2009 10:00 r f IL-CareerBuilder.com
(CHICAGO) Eighteen Percent of Workers Participate in March Madness
Pools at the Office, Finds Annual CareerBuilder Survey
CG84510 03/17/2009 10:00 r f CA-E2open-Celestica
(REDWOOD CITY) New Research Cites E2open Customer Celestica as Prime
Example of Long-Term Viability of SaaS for Supply Chain Management
CL84696 03/17/2009 10:00 r f CT-ING-new-web-tool
(WINDSOR) ING Launches New Web-Tool That Connects the Power of
'Peer Comparison' to Retirement Saving
CL84750 03/17/2009 10:00 r f GA-ARRIS-SVP-sales
(SUWANEE) Dan Whalen Promoted to ARRIS SVP Sales
CNTU034 03/17/2009 10:00 r f Support-for-CGDC
(BEIJING) China Game Publishers Association On Giving Full Support
to 'China Game Developers Conference 2009'
MN84450 03/17/2009 10:00 r f MN-Xiotech-Milliman
(EDEN PRAIRIE) Emprise 7000 Storage System, with ICON Manager and Virtual
View Integration
NY84106 03/17/2009 10:00 r f IL-TSEA-&-PR-Newswire
(CHICAGO) TSEA Announces Strategic Alliance With PR Newswire
NY84636 03/17/2009 10:00 r f NY-Ugallery.com-site
(NEW YORK) With Art Galleries Closing, Ugallery.com is Great Option
for Art Lovers Looking for the 'Next Big Thing'
SF84779 03/17/2009 10:00 r f CA-EASi-Hosts-Forum
(PLEASANTON) EASi Hosts IFRS 2 Forum to Plan for Early Adopters
SF84660 03/17/2009 10:03 r f CA-NatlCorndogDay3/21
(LIVINGSTON) One Day, 360 Parties, Thousands of 'Dogs:
National Corndog Day is March 21
DE84805 03/17/2009 10:05 r f IN-WellPoint-Availity
(INDIANAPOLIS) WellPoint Announces Strategic Relationship With Availity to
Enhance the Provider and Health Plan Relationship and Advance Improvements
in
NY84801 03/17/2009 10:08 r f NY-Correlix-Personnel
(NEW YORK) Trading Metrics Co-Founder Joins Correlix
NY84814 03/17/2009 10:13 r f GA-BIND-Biosciences
(ATLANTA) BIND Biosciences To Install First Siemens Simatic(R)
PCS 7 Lab Process Control System in the U.S.
CNTU004 03/17/2009 10:16 r f CISIS-Proves-Value
(DALIAN) CISIS Platform Proves Its Value Amid the Economic Crisis
NE83601 03/17/2009 10:20 r f MA-EH&E-Healthcare
(NEEDHAM) Healthcare Institutions Can Now Stay Confidently
Up-to-Date With New Regulatory Compliance Calendar
NE84819 03/17/2009 10:24 r f PA-Vivisimo-Meet-Stan
(PITTSBURGH) Have You Met Stan?
LA84242 03/17/2009 10:25 r f CA-Industry-Intellige
(LOS ANGELES) Industry Intelligence Launches New Business Intelligence
Service to Help Customers Manage Information Complexity
DC84825 03/17/2009 10:28 r f PHT-HIMSS-A-Claim
(CARROLLTON) PHT to Demonstrate Innovative Medical Payment
Solution at HIMSS Conference
UKM025A 03/17/2009 10:32 r f WCC-Smart-Search-&-Ma
(PARIS) French Public Employment Service Introduces a New Search System
NY84842 03/17/2009 10:39 r f GA-Tri-S-08-Results
(ATLANTA) Tri-S Security Announces 2008 Financial Results and Conference
Call
DE84843 03/17/2009 10:41 r f VA-VSGi-MiCTA-contrct
(MCLEAN) VSGi Awarded Video Integration Services Contract
From MiCTA as Endorsed Vendor
DA84837 03/17/2009 10:43 r f TX-Parks-Associates
(DALLAS) One-third of U.S. Broadband Households Interested in Connected
Set-Top
LA84817 03/17/2009 10:47 r f CA-Spare-Backup-Inc.
(PALM DESERT) Spare Backup Creates New Advertising/Data Mining
Division, Names Dr. Kwong Hiu Yung to Spearhead This Effort
SF84660 03/17/2009 10:47 r f CA-NatlCorndogDay3/21
(LIVINGSTON) One Day, 360 Parties, Thousands of 'Dogs:
National Corndog Day is March 21
NE84841 03/17/2009 10:58 r f MA-Optiant-PowerChain
(BOSTON) SAP Customers Choose Optiant's PowerChain Solutions to
Extend Functionality of ERP & Advanced Planning Systems
DA84850 03/17/2009 11:00 r f TX-RenewData-Cool
(AUSTIN) RenewData Named a 'Cool Vendor' by Leading Analyst Firm
SF84713 03/17/2009 11:00 r f WA-Microsoft-Neudesic
(REDMOND) Microsoft Announces ExactTarget-Neudesic Alliance
NE84813 03/17/2009 11:08 r f MA-SpiralBiotech-ASM
(NORWOOD) Spiral Biotech to Introduce New Autoplate Spiral
Plating System at ASM General Meeting in May
NE84860 03/17/2009 11:08 r f CA-Ph.D-new-Web-site
(SANTA MONICA) It Took a Ph.D to Design This Website
SF84855 03/17/2009 11:09 r f CA-Savi-RFID-Confer
(MOUNTAIN VIEW) Media Advisory: Audio Press Conference Wednesday, March
18, on Formation of New Alliance to Advance Wireless Data Technology
CH84815 03/17/2009 11:10 r f NC-DrScore.com-rating
(WINSTON-SALEM) Rate Your Doctor at DrScore.com for Doctor's Day
DC84868 03/17/2009 11:11 r f MA-NYnew-badware-site
(CAMBRIDGE) BadwareBusters.org Launches to Help Computer Users
Fight Back Against Viruses, Spyware
PH84877 03/17/2009 11:27 r f PA-Herley-shrhldr-ltr
(LANCASTER) Herley Chairman Addresses Shareholders at Annual
Meeting of Shareholders March 17, 2009
NY84872 03/17/2009 11:31 r f NY-ARTISTdirect-Thumb
(NEW YORK) ARTISTdirect Partners with Thumbplay for Mobile Content
Downloads
PH84899 03/17/2009 11:36 r f TX-TwitterJobSearch
(AUSTIN) New Twitter Phenomenon Debuts at SXSWi - TwitterJobSearch Goes
Where Google Doesn't and Makes Sense of Social Media with Semantic Search
PH84866 03/17/2009 11:45 r f PA-SEDONA-selected-by
(KING OF PRUSSIA) Minnesota Building Trades Federal Credit Union
Selects SEDONA MRM to Fuel Growth and Maximize Efficiency
UKTU026 03/17/2009 11:45 r f Pallas-Athena
(BALTIMORE) Gartner: Pallas Athena the Best Kept Secret in the BPM Market
FL84890 03/17/2009 11:55 r f FL-SFTA-sponsors
(FT. LAUDERDALE) Quality Technology Services Becomes South
Florida Technology Alliance Platinum Sponsor
PH84693 03/17/2009 11:57 r f NY-DuPontContGrowth
(NEW YORK) DuPont Expects Continued Revenue Growth in
Global Photovoltaic Market
CL84852 03/17/2009 12:00 r f Paradigm-DrillingConf
(AMSTERDAM) Paradigm Launches Sysdrill 2009 at SPE/IADC 2009
Drilling Conference and Exhibition
LA84645 03/17/2009 12:00 r f CA-CallFire-GeoGraffi
(LOS ANGELES) Mobile Google Voice Mashup GeoGraffiti.com Handles
Android and iPhone App Growth With CallFire Voice APIs
SF82824 03/17/2009 12:00 r f EnterpIreland-Safeway
(GALWAY) Ireland's Avaeon Solutions Selected by Safeway Insurance Group to
Automate Policy Lifecycle Functions for Company's Homeowner Insurance
SF82955 03/17/2009 12:00 r f DC-SoftCo-SunnyD
(DUBLIN and WASHINGTON) SoftCo Signs U.S. Deal with Sunny Delight
SF83479 03/17/2009 12:00 r f DC-Enterprise-Ireland
(LIMERICK) Ireland's Advanced Innovations Signs Multi-Year
Agreement With 3Si Security Systems
SF83830 03/17/2009 12:00 r f DC-EHA-Selected-by
(CORK) Ireland's EHA Soft Solutions Selected to Supply Risk Management and
Mitigation Software to Quality Employment Credentialing
SF84632 03/17/2009 12:00 r f CA-TrendMicro-JCraig
(CUPERTINO) Trend Micro Enterprise Security Provides Jenny Craig
With Comprehensive Multi-Threat Protection
SF84642 03/17/2009 12:00 r f CA-TrendMicro-email
(CUPERTINO) Trend Micro's Hosted Email Security Proven to
Help Enterprises Cut Costs
SF84710 03/17/2009 12:00 r f WA-Microsoft-Lexmark
(REDMOND) Microsoft and Lexmark Enter Broad Patent Cross-Licensing
Agreement
LA84917 03/17/2009 12:05 r f CA-Hustler-TV-HD-Pkg
(BEVERLY HILLS) Hustler TV Unveils HustlerHD High-Def Package
NY84919 03/17/2009 12:05 r f NY-GorillaToolz-Sftwr
(WANTAGH) Gorilla Toolz Emerges as First Complete Web Solution
for Events & Promotions Industry
PH84916 03/17/2009 12:17 r f RI-SafeData-White-ppr
(WARWICK) SafeData Publishes iSeries Rapid Recovery White Paper
CG84910 03/17/2009 12:24 r f CN-Oce-Launches
(TRUMBULL) Oce Launches Affordable High Resolution Wide Format Color
Scanner
SF83834 03/17/2009 12:25 r f WA-OpticonMobility
(RENTON) Opticon Mobility Group Announces NAV, Hosted Device
Management and Enhanced Messaging for Small to Medium Businesses
CL84941 03/17/2009 12:30 r f NC-Baker-Taylor-BTMS
(CHARLOTTE) Baker & Taylor to Consolidate BTMS Operations in
Indianapolis Distribution Center
LA84722 03/17/2009 12:30 r f VA-CSC-AORN
(FALLS CHURCH) CSC and AORN Bring Standardized Electronic Health
Framework to Perioperative Nursing Care
LA84922 03/17/2009 12:30 r f CA-SiliconSystems-SSD
(ALISO VIEJO) SiliconSystems Announces Third Generation SSD Technology
Platform
LA84934 03/17/2009 12:36 r f AZ-HopeIsInTheCards
(PHOENIX) Grassroots Campaign Strives to put HOPE in the
Hands of Every American
WA84952 03/17/2009 12:49 r f NY-Medialink-Video-SI
(NEW YORK) VIDEO from Medialink and Siemens: What is a Green Building?
LA84285 03/17/2009 13:00 r f Northrop-Grumman
(LONDON) Northrop Grumman Park Air Systems Wins Turnkey Contract to
Supply Integrated ATC Communications System to Brazil
LA84957 03/17/2009 13:00 r f CA-GCN-FOSE
(COSTA MESA) CMS Products Honored for Public Sector Technology
Innovations With 2009 GCN Best of FOSE Awards
SF83532 03/17/2009 13:00 r f WA-adv.method-signage
(SEATTLE) Big Business Digital Signage on a Small Business Budget
SF84598 03/17/2009 13:00 r f TX-CMT-Receives-Dell
(ROUND ROCK) CMT Receives Dell's PartnerDirect Designation,
Enterprise Architecture Certified
SF84668 03/17/2009 13:00 r f CA-Trend-Microreport
(CUPERTINO) Trend Micro Annual Threat Report: Cybercriminals
are Working Faster Than Ever
DC84965 03/17/2009 13:03 r f WGU-Healthcare-IT
(SALT LAKE CITY) Western Governors University Addresses Rising Demand
for Healthcare IT Professionals with B.S. in Health Informatics
SF84977 03/17/2009 13:08 r f WA-OpticonMobility
(RENTON) Opticon Mobility Group Announces NAV, Hosted Device
Management and Enhanced Messaging for Small to Medium Businesses
LA84961 03/17/2009 13:17 r f CA-CMSProducts-Award
(COSTA MESA) BounceBack Ultimate 'Instant PC Recovery' Solution
Honored by GCN Judges' Award at FOSE 2009
UKTU029 03/17/2009 13:25 r f Cimatron-Ltd
(GIVAT SHMUEL) Cimatron Group to Showcase New Versions of
Software at Intermold Korea
NY84905 03/17/2009 13:30 r f CT-TopCoder-Interview
(GLASTONBURY) Julian Birkinshaw of London Business School Interview
with TopCoder - Exploring the Impact of Web 2.0 upon Management
SF84972 03/17/2009 13:31 r f CA-Sustainable-Brands
(BURLINGAME) Sustainable Brands '09 Attracting Blue Chip Brands;
Sustainability Remains a Key Priority
LA84985 03/17/2009 13:33 r f TX-TreeswithMeaning
(SAN ANTONIO) TreesWithMeaning.com Wins USDA Approval for First U.S.
Release of Authentic Olive Trees From The Holy Land
LA84970 03/17/2009 13:34 r f CO-Catapult-PR-IR-Kro
(BOULDER) Catapult PR-IR and Kroner Communications to
Co-Present at EXHIBITOR 2009 Convention
CG84184 03/17/2009 14:00 r f IL-UL-AC-Adaptors
(NORTHBROOK) UL Warns of Potentially Hazardous Counterfeit AC Adaptors
CL85029 03/17/2009 14:08 r f OH-UofPhoenix-Schrlsp
(CLEVELAND) University of Phoenix Cleveland Campus Creates Full
Scholarship to Honor Slain Police Officer
NY85008 03/17/2009 14:30 r f IL-Siemens-SiteIQ
(BUFFALO GROVE) U.S. Coast Guard Approves Siemens Siveillance
SiteIQ to Track Non-TWIC Card Holders
SF84674 03/17/2009 14:32 r f CA-Apple-beta-iPhone
(CUPERTINO) Apple Previews Developer Beta of iPhone OS 3.0
DE85058 03/17/2009 14:37 r f MI-AVL-Nixon-Director
(PLYMOUTH) AVL Powertrain Engineering Announces Nixon as
Director of Advanced Simulation Technologies
CL84883 03/17/2009 14:45 r f Paradigm-is-selected
(AMSTERDAM) Williams Production Selects Paradigm Geosteering
and Drilling Software Solutions
DE85059 03/17/2009 14:53 r f MI-Stardock-gamesftwr
(PLYMOUTH) Stardock's Impulse Nears Millionth User
NY85087 03/17/2009 14:59 r f NY-Ethikos-ethics-pub
(MAMARONECK) Business Ethics Surveys Have Limitations, Ethikos Reports
NY85081 03/17/2009 15:02 r f NY-McGraw-Hill-Law
(NEW YORK) New Business Law Content Focuses on Critical Thinking
to Enable Student Success in the Real World
SF84267 03/17/2009 15:05 r f CA-Apture-Clearstone
(SAN MATEO) Apture Secures $4.1 Million in Series A Funding
led by Clearstone Venture Partners
NE85090 03/17/2009 15:11 r f DC-American-Security
(WASHINGTON) Alion Science and Technology Corporation Announced as
Industry Partner for American Security Challenge
CL85085 03/17/2009 15:20 r f KY-Verizon-enhances
(HENDERSON) Henderson, Kentucky Residents Benefit From Verizon
Wireless Network Enhancements
CL85102 03/17/2009 15:27 r f KY-Verizon-network
(LOUISVILLE) Louisville, Kentucky Residents Benefit From
Verizon Wireless Network Enhancements
LA85091 03/17/2009 15:30 r f IL-CardActivationTech
(CHICAGO) Card Activation Technologies, Inc. Settles Litigation
Against Casual Male Retail Group, Inc.
NE85098 03/17/2009 15:32 r f MA-ZeeVee-Honored
(LITTLETON) ZeeVee Honored with Two 2009 Mark of Excellence Awards
FL84174 03/17/2009 16:00 r f FL-AutoNation-women
(FORT LAUDERDALE) AutoNation Direct Earns WomenCertified(R)
Seal, Launches Car Buying Her Way
PH85052 03/17/2009 16:01 r f PA-WPCS-3Q-Earnings
(EXTON) WPCS Reports Third Quarter FY2009 Financial Results
NY85140 03/17/2009 16:02 r f FL-M3X-MediaDealMusic
(WEST PALM BEACH) M3X Media Cuts Deals to Create Massive Music
Collection for Unique GruvMe Digital Entertainment Service
PH85143 03/17/2009 16:12 r f TX-PeoplePond-SXSW
(AUSTIN) New Service That Provides Search Engine Optimization for
People, PeoplePond.com, Launches During SXSW 2009
CL85136 03/17/2009 16:17 r f KY-Pomeroy-earnings
(HEBRON) Pomeroy IT Solutions, Inc. Reports Fourth Quarter
and Full Year 2008 Results
BCCI Helps Energy Foundation Achieve San Francisco's First LEED Platinum Interiors
SAN FRANCISCO, March 17 /PRNewswire/ -- BCCI Construction Company is pleased to announce that The Energy Foundation, a partnership of major donors to new energy technologies, has been recognized with the first LEED Commercial Interiors - Platinum certified project in San Francisco.
BCCI worked closely with TannerHecht Architecture to fulfill the Foundation's vision for the use of energy efficient technologies in its office at the historic Bently Reserve Building on Battery Street in downtown San Francisco. The Platinum rating for LEED -- the Leadership in Energy and Environmental Design green building rating system of the U.S. Green Building Council -- is the highest possible designation on the commercial interiors scale.
The Foundation relocated in 2008 from San Francisco's Presidio to the Bently Reserve because the site is both close to mass transit and has sustainability features, which helps the Foundation emphasize its goal of lowering CO2 emissions locally and globally. Sustainability features include an advanced core and shell energy management system for the lighting and air conditioning, while mass transit allows all staff members to use public transit or a bicycle -- not one person drives to the office.
"As a non-profit, we had a tight budget, and as a leading funder on energy efficiency, we set the highest standards of sustainability for our space," said Eric Heitz, president of the Energy Foundation. "The design and construction team really worked together to succeed on both fronts."
BCCI's work at the 17,600 square-foot office included the full range of issues addressed by LEED in commercial interiors: water efficiency, energy and atmosphere, indoor environmental quality, materials and resources, and innovation in design. For example, the project's sloped ceiling clouds bounce light toward the center, which maximizes daylight and visually unifies the open spaces; the non-boardroom table was locally fabricated from recycled Douglas fir and decommissioned photovoltaic panels, a subtle reminder of the Foundation's mission; and the exposed steel beams, brick facades and concrete slab highlight original elements of the historic building (built in 1924 and former home of the Federal Reserve Bank of San Francisco) thereby reducing the use of new materials.
About BCCI Construction Company:
BCCI Construction is a leading commercial contractor, headquartered in San Francisco with an office in Palo Alto serving the Peninsula. Established in 1986, BCCI provides a full range of construction services to include new building, structural renovation, historic restoration, seismic upgrades, commercial interiors, pre-construction services, sustainable construction and LEED consulting. Our comprehensive project portfolio spans across a variety of industries to include technology, software, communications, corporate offices, media and design, legal, life sciences, financial services, and retail.
For more information, please visit http://www.bcciconst.com/
SOURCE BCCI Construction Company
Media Contact:
Mike Clinebell
AMF Media Group
925-790-2600 ext.7064
mike.clinebell@amllp.com
Sencera Demonstrates 8.7% Efficient Thin-Film Silicon Solar Cell - Completes $15.6 Million Equity Funding Round
CHARLOTTE, N.C., March 18 /PRNewswire/ -- Sencera, a manufacturer of thin-film silicon based photovoltaic modules, has successfully deposited single-junction silicon solar cells with an initial 8.7% sunlight to electricity conversion efficiency under standard test conditions. As a result, the Company has secured the final $5.2 million of a $15.6 million investment from the California based lead investor Quercus Trust.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080925/CLTH022LOGO)
Sencera's solar device efficiency gain was achieved with process and hardware enhancements to its Viper(TM) platform. The Viper(TM) is a proprietary, fully automated, Plasma Enhanced Chemical Vapor Deposition (PECVD) manufacturing platform developed entirely at Sencera. Recent innovations on The Viper(TM) have improved cell absorption of both blue and red light sections of the solar spectrum resulting in the conversion of more light to electricity. "This efficiency milestone validates our manufacturing platform, and our cost model. We intend to expand our present 1MW research capacity to 35MW annual capacity over the next two quarters," said Dr. Rusty Jewett, Sencera's CEO.
After two rounds of equity financing, Sencera has fully funded the first manufacturing line without incurring debt. Over 75% of the production equipment and process required to manufacture solar modules is the company's proprietary design. Sencera's capital expenditure is less that $1 per Watt of annual production capacity which correlates to a reduction in panel manufacturing costs. According to CFO Britt Weaver, "Sencera's capital requirement to build a factory is less than one-half the cost of competitors. As a result, Sencera is well positioned for long term price volatility in the solar module marketplace."
Initial company plans include production of a 7% efficient, 106 Watt single-junction amorphous silicon module at the company's 35MW (Megawatt) solar module factory under construction in Charlotte, NC. Future plans include development of a second generation tandem junction module with a targeted stabilized efficiency over 11%. This will increase manufacturing capacity to 50MW without the purchase of additional equipment.
Solar cell performance was independently confirmed by The University of Delaware's Institute of Energy Conversion, designated in 1992 a University Center of Excellence for Photovoltaic Research and Education by the Department of Energy.
SOURCE Sencera
Novellus, ATMI and Enthone Introduce Enhanced Electrochemical Deposition Process for Copper
Three-way Collaboration Advances Copper Interconnect Technology for 32 Nanometers and Beyond
DANBURY, Conn., March 17 /PRNewswire-FirstCall/ -- Novellus Systems (Nasdaq: NVLS), ATMI, Inc. (Nasdaq: ATMI), and Enthone Inc. today introduced ViaForm(R) Extreme Pura(TM), a new copper deposition process and chemistry for manufacturing advanced copper interconnects at 32 nanometers (nm) and beyond. This new process technology provides a high degree of process control, enables a more robust interconnect fill capability and ensures greater device reliability.
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The process was developed through a three-way partnership among Novellus, a provider of advanced process equipment for the global semiconductor industry, ATMI, and Enthone, a manufacturer and developer of high performance semiconductor products. Through an agreement with Enthone, ATMI markets and distributes ViaForm Extreme Pura worldwide for exclusive use on Novellus' market leading SABRE(R) Electrochemical Deposition product line. ViaForm Extreme Pura is available for immediate use.
In 2003, ATMI and Enthone formed a partnership to develop and distribute state-of-the-art electrochemistries to meet the developing need for manufacturing advanced copper interconnects. Since then, the ViaForm family of plating chemistries and the Novellus SABRE system have consistently met the stringent performance, uniformity, and device yield parameters required by the world's leading manufacturers of copper chips.
"Novellus is focused on providing innovative solutions to the industry's most challenging copper extendibility problems," said Dr. Andrew McKerrow, director of technology for Electrofill at Novellus Systems. "The Pura chemistry has demonstrated improved fill and defect performance at beta customer sites and allows customers to extend their existing technology to the next generation while minimizing cost."
"It's critical for us to meet the unique manufacturing requirements of our semiconductor customers," said Mike Besnard, ATMI Materials director of marketing. "We provide the ability to create copper films that are of high purity, have low defectivity, and consistently deliver the performance and yield that our customers require."
"At 32 nm, copper plating is a critical technology for both memory and logic devices," said Richard Hurtubise, global product line manager - semiconductor products, Enthone. "ViaForm Extreme Pura has a clear advantage in that it meets the demands of shrinking device geometries while giving chip manufacturers the flexibility to apply this chemistry to their existing processes and installed base of Novellus SABRE systems."
About Novellus
Novellus Systems, Inc. (Nasdaq: NVLS) is a leading provider of advanced process equipment for the global semiconductor industry. The company's products deliver value to customers by providing innovative technology backed by trusted productivity. An S&P 500 company, Novellus is headquartered in San Jose, Calif., with subsidiary offices around the globe. For more information, please visit www.novellus.com.
About ATMI
ATMI provides specialty materials and high-purity materials handling and delivery solutions to the worldwide semiconductor industry. For more information, please visit http://www.atmi.com.
About Enthone
Enthone Inc. is a business of Cookson Electronics. The company is a leading supplier of high performance specialty chemicals and coatings used in the electronics and surface finishing industries. Enthone manufactures, markets and distributes its functional, decorative and electronic processes that are used in printed wiring board, semiconductor, photovoltaic, automotive, aerospace, jewelry and plumbing applications.
About Cookson Electronics
Cookson Electronics is a leading materials science company that provides high performance materials, chemistry, and technology solutions to the electronics and surface finishing industries worldwide. The company delivers superior value by providing truly differentiated products, services and support through its Alpha, Enthone and Cookson Electronics - Semiconductor Products businesses. For more information, please visit www.cooksonelectronics.com.
"Safe Harbor" Statement
Statements contained herein that relate to ATMI's future performance, including, without limitation, statements with respect to ATMI's anticipated results of operations or level of business for 2008 or any other future period, are forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations only and are subject to certain risks, uncertainties, and assumptions, including, but not limited to, changes in semiconductor industry growth (including, without limitation, wafer starts) or ATMI's markets; competition, problems, or delays developing, commercializing and delivering new products; problems or delays in integrating acquired operations and businesses; uncertainty in the credit and financial markets; and other factors described in ATMI's Form 10-K for the year ended December 31, 2007, and other subsequent filings with the Securities and Exchange Commission. Such risks and uncertainties may cause actual results to differ materially from those expressed in our forward-looking statements. ATMI undertakes no obligation to update any forward-looking statements.
SABRE and Electrofill are registered trademarks, and SABRE Extreme is a trademark of Novellus Systems, Inc. ATMI and the ATMI logo are trademarks or registered trademarks of Advanced Technology Materials, Inc., in the United States, other countries or both. ViaForm is a registered trademark and Pura is a trademark of Enthone Inc.
www.novellus.com
www.atmi.com
www.cooksonelectronics.com
SOURCE Novellus Systems, Inc.
New, All-Natural SUN CRYSTALS(R) Sweetener With Stevia now Available
SUN CRYSTALS(R) All-Natural Sweetener is First to Combine Stevia and Pure Cane Sugar for a Delicious Low-Calorie, Unquestionably Natural Sweetness
FORT WASHINGTON, Pa., March 16 /PRNewswire/ -- In its continued commitment to provide nutrition-conscious consumers with products that contribute to a healthy diet, McNeil Nutritionals, LLC, is adding a new low-calorie way to sweeten foods and beverages with 100%-natural ingredients - SUN CRYSTALS(R) All-Natural Sweetener. New SUN CRYSTALS(R) All-Natural Sweetener is the only brand to blend two simple ingredients - naturally sweet stevia and pure cane sugar.
"We are extremely excited to launch SUN CRYSTALS(R) All-Natural Sweetener," said Debra Sandler, Worldwide President, McNeil Nutritionals, LLC. "What's more, because SUN CRYSTALS(R) All-Natural Sweetener is made from two of nature's sweetest plants -- stevia and sugar cane - it delivers a natural sweet taste that consumers love, with the familiar texture of sugar, but without all the extra calories."
Responding to consumers' demand for a 100 percent natural sweetener that is low in calories, SUN CRYSTALS(R) All-Natural Sweetener uses an extract made from the sweetest, best-tasting part of the stevia plant. Cultivated primarily in Paraguay, Brazil, Japan and China, stevia has been used around the world for centuries as nature's solution to adding sweetness to food and beverages and is now being embraced in the United States. SUN CRYSTALS(R) All-Natural Sweetener naturally contains just five calories per packet, and just one packet has the same sweetness as two teaspoons of sugar. Additionally, SUN CRYSTALS(R) All-Natural Sweetener is suitable for the whole family, including people with diabetes.
With the launch of SUN CRYSTALS(R) All-Natural Sweetener, McNeil Nutritionals, LLC, is actively contributing to environmental sustainability efforts by using 100% recycled paper fiber, with a minimum of 35% post-consumer content, in the manufacture of brand packaging. Further, the SUN CRYSTALS(R) Brand is making a commitment to harness the power of the sun to sustain local communities now and in the future. To that end, McNeil Nutritionals, LLC, has entered into an alliance with 1% For The Planet(R) through which one percent of the SUN CRYSTALS(R) Brand's annual sales will be donated to help a U.S. based environmental organization. This year, the SUN CRYSTALS(R) Brand will donate one percent of its sales to the American Solar Energy Society, a nonprofit organization dedicated to increasing the use of solar energy, energy efficiency, and other sustainable technologies in the U.S.
SUN CRYSTALS(R) All-Natural Sweetener will begin its roll out at Walmart Supercenters and Neighborhood Markets across the country in March 2009, and will be available nationwide at additional retailers soon thereafter. Consumers will also have the opportunity to purchase the product online at www.suncrystals.com this spring. SUN CRYSTALS(R) All-Natural Sweetener will be available in 50- and 100-count boxes.
About SUN CRYSTALS(R) All-Natural Sweetener
SUN CRYSTALS(R) All-Natural Sweetener is a combination of two all natural ingredients: naturally sweet stevia and pure cane sugar. It is the unique blend of the two that delivers the exceptional taste of SUN CRYSTALS(R) All-Natural Sweetener with only five calories per packet. Stevia, which has been used around the world for centuries as nature's solution to adding sweetness to food and beverages, is blended with pure cane sugar, giving SUN CRYSTALS(R) a natural sweet taste that people love, with the texture of sugar, but without all the added calories. The SUN CRYSTALS(R) Brand promises to use only 100 percent natural ingredients. To learn more about SUN CRYSTALS(R) All-Natural Sweetener, visit www.suncrystals.com or call 1-888-962-5357.
About McNeil Nutritionals
McNeil Nutritionals, LLC, is a global marketer of innovative nutritional products. The company's mission is to give people the ability to actively manage their own health. McNeil Nutritionals, LLC, markets SPLENDA(R) Sweetener Products, VIACTIV(R) Dietary Supplements, LACTAID(R) Milk and Dietary Supplements, BENECOL(R) Products, and now new, SUN CRYSTALS(R) All-Natural Sweetener. McNeil Nutritionals, LLC is headquartered in Fort Washington, PA.
About 1% for the Planet(R)
1% for the Planet(R) is an alliance of businesses committed to donating 1% of their sales directly to non-profit organizations focused on sustainability. Today 1% membership includes over 1100 member companies in 37 countries. An estimated $42 million in critically needed funds has been channeled to more than 1,600 non-profits around the world.
SOURCE McNeil Nutritionals, LLC
Farmer Mac Reports 2008 Results
Reduces Quarterly Dividend on Common Stock
Continues in Capital Compliance with Outstanding Business Volume Exceeding $10 Billion
WASHINGTON, March 16 /PRNewswire-FirstCall/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today reported a fourth quarter net loss of $61.1 million, or $6.03 per diluted common share for the three months ended December 31, 2008, and a full year 2008 net loss to common stockholders of $154.1 million or $15.40 per diluted common share. These results primarily reflected fourth quarter losses on financial derivatives and provisions for losses principally related to certain of its credits in the ethanol sector and the previously announced third quarter losses on certain investments. Consistent with Farmer Mac's focus on capital compliance, the board of directors reduced the common stock dividend to $0.05 per share from its previous level of $0.10 per share. The common stock dividend will be payable on April 3, 2009 to stockholders of record on March 24, 2009.
"The unprecedented turmoil in the capital markets and the sharp downturn in the national economy have been significant factors in causing the second half of 2008 to be the most difficult in Farmer Mac's history," said Michael A. Gerber, Farmer Mac's newly appointed President and Chief Executive Officer. "In response, we have begun taking actions intended to mitigate the impact of these conditions going forward. We have concluded a review of Farmer Mac's investment portfolio operations and taken actions to address the difficult market dynamics that have emerged and seem likely to prevail in the time ahead. We have adjusted our funding strategies to reduce the reliance on financial derivatives that have adversely affected our capital position, notwithstanding that all of our derivatives have been economically effective.
"Despite the difficult second half of 2008, Farmer Mac has continued to have access to the debt markets to fund its program assets. We raised $124.2 million in capital through preferred stock offerings at the end of the third quarter and during the fourth quarter, ensuring compliance with regulatory capital requirements. As we look ahead to Farmer Mac responding to the credit needs of rural America in 2009 and beyond, capital strength will continue to be important. Within this context, the Corporation's Board of Directors decided to reduce the quarterly common stock dividend from 10 cents per share to 5 cents per share."
Loans underlying the Corporation's guarantees and commitments grew to a record $10.1 billion at year end and, with the exception of ethanol loans, continued to perform well during 2008. Delinquencies on non-ethanol loans have remained near historically low levels consistent with the strength of the U.S. agricultural economy through the end of the year. Farmer Mac's 90day delinquencies, including ethanol loans, were $67.1 million, representing 1.35 percent of the portfolio, as of December 31, 2008. Excluding the ethanol loans, 90-day delinquencies were $17.9 million, or 0.36 percent of the portfolio. The fourth quarter provisions for losses of $17.2 million were largely due to the bankruptcy of one ethanol producer and construction issues related to another ethanol plant. The ethanol industry has suffered due to the volatility of commodity prices. While those prices have stabilized, the industry still faces significant challenges.
"Farmer Mac's outlook for 2009 is mixed," Mr. Gerber continued. "We expect the turmoil in the financial markets will continue to create challenges to Farmer Mac's ability to raise capital and securitize its assets. While agriculture has been strong, the industry is not insulated from the effects of the economic downturn. Some sectors continue to prosper, while others, such as ethanol producers, dairy farmers and the protein sector (e.g., cattle, poultry and pork producers) are experiencing pressure on profitability. In addition, significant portions of California and Texas are facing the effects of persistent drought. Farmer Mac continues to closely monitor developments in those industries and areas experiencing stress. We anticipate stress in the portfolio is likely to increase in 2009, although any resultant credit issues are expected to remain within manageable levels.
"Looking ahead, there should be a growing need for financial vehicles to expand credit availability to those agricultural industries that have sound financial fundamentals due to the broader trends underway now, such as the deleveraging of capital. These trends will likely have the effect of reducing credit availability from traditional lenders to the agricultural sector. This presents opportunities that Farmer Mac is actively pursuing.
"There will also be opportunities for loan growth in the rural utilities segment, a new area for Farmer Mac as a result of the legislative expansion of its charter in May 2008. Farmer Mac expects to continue the growth it experienced in this sector during 2008 in providing financing to rural utilities lenders. Farmer Mac expects that demand for rural utilities loans will be robust, particularly as the industry adds significant new capacity for the first time since the 1970s. Furthermore, additional power transmission lines will need to be constructed as the development of wind and solar power plants increase the demand for means to transfer power from the source of clean power generation to the ultimate consumer. Farmer Mac's ability to participate in the growth of the rural utilities portion of its business will be limited by Farmer Mac's limits on borrower exposures and its overall risk tolerance. Public policy shifts in the energy sector may also alter Farmer Mac's opportunities in this area, as electrical power generated by and for rural electric cooperatives tends to be biased toward coal as a fuel."
In addition to reporting financial results on a GAAP basis, Farmer Mac also reports its core earnings, a non-GAAP measure. Farmer Mac uses core earnings to measure corporate economic performance and develop financial plans because, in management's view, core earnings more accurately represent Farmer Mac's economic performance, transaction economics and business trends before the effects on earnings of changes in the fair values of financial derivatives and trading assets. Those changes reflect the application of Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities ("SFAS 133") and Statement of Financial Accounting Standards No. 159, The Fair Value Option for Financial Assets and Financial Liabilities - Including an amendment of FASB Statement No. 115 ("SFAS 159"). Farmer Mac's disclosure of this non-GAAP measure is not intended to replace GAAP information but, rather, to supplement it.
Core earnings were a loss of $8.8 million or $0.86 per diluted share for fourth quarter 2008, compared to core earnings of $10.5 million or $1.00 per diluted share for fourth quarter 2007. For the year ended December 31, 2008, core earnings were a loss of $81.5 million or $8.15 per diluted share, compared to 2007 core earnings of $29.9 million or $2.82 per diluted share. Excluding the effects of the other-than-temporary impairment charges recognized during 2008, core earnings would have been $24.7 million. Farmer Mac had no other-than-temporary impairment charges during 2007.
A reconciliation of Farmer Mac's GAAP net (loss)/income available to common stockholders to core earnings is presented in the following table; that reconciliation is supplemented by a further adjustment related to the impairment losses on investments to assist in the comparison of results to prior periods.
As discussed above, Farmer Mac's fourth quarter was adversely affected by provisions for losses of $17.2 million, bringing the full effect on 2008 to $17.8 million.
Farmer Mac's effective net interest spread was 106 basis points ($58.2 million) for the year ended December 31, 2008, compared to 78 basis points ($40.6 million) for the year ended December 31, 2007. Farmer Mac's short-term borrowing costs were considerably lower in 2008 compared to 2007. Throughout 2008, Farmer Mac's interest rate sensitivity remained low, despite the significant volatility in the financial markets. As of December 31, 2008, Farmer Mac's effective duration gap was minus 2.4 months compared with plus 0.6 months as of September 30, 2008.
On September 30, 2008 and on December 15, 2008, Farmer Mac issued $65.0 million and $85.0 million, respectively of Series B Preferred Stock. The Series B Preferred Stock is reported as Mezzanine Equity on Farmer Mac's Balance Sheet and is a component of Farmer Mac's core capital for the determination of statutory and regulatory capital compliance. Farmer Mac also repurchased the remaining Series A Preferred Stock during the fourth quarter and issued new Series C Preferred Stock. As a result of the issuance of Series B and Series C Preferred Stock, Farmer Mac's core capital exceeded the statutory minimum capital requirement by $13.5 million as of December 31, 2008. As of the date of this release, Farmer Mac estimates that excess capital of $13.5 million has increased due to significant increases to the fair values of its financial derivatives.
More complete information on Farmer Mac's performance for the quarter and year ended December 31, 2008 is set forth in the Form 10-K filed by Farmer Mac earlier today with the Securities and Exchange Commission (SEC).
Forward-Looking Statements
In addition to historical information, this release includes forward-looking statements that reflect management's current expectations for Farmer Mac's future financial results, business prospects and business developments. Management's expectations for Farmer Mac's future necessarily involve a number of assumptions and estimates and the evaluation of risks and uncertainties. Various factors or events could cause Farmer Mac's actual results to differ materially from the expectations as expressed or implied by the forward-looking statements, including uncertainties regarding: (1) the ability of Farmer Mac to increase its capital in an amount sufficient to enable it to continue to operate profitably and provide a secondary market for agricultural mortgage and rural utilities loans; (2) the availability of reasonable rates and terms of debt financing to Farmer Mac; (3) fluctuations in the fair value of assets held by Farmer Mac, particularly in volatile markets; (4) the rate and direction of development of the secondary market for agricultural mortgage and rural utilities loans, including lender interest in Farmer Mac credit products and the Farmer Mac secondary market; (5) the general rate of growth in agricultural mortgage and rural utilities indebtedness; (6) borrower preferences for fixed rate agricultural mortgage indebtedness; (7) legislative or regulatory developments that could affect Farmer Mac; (8) increases in general and administrative expenses attributable to changes in the business and regulatory environment, including the hiring of additional personnel with expertise in key functional areas; (9) the willingness of investors to invest in Farmer Mac Guaranteed Securities; and (10) developments in the financial markets, including possible investor, analyst and rating agency reactions to events involving GSEs, including Farmer Mac. Other risk factors are discussed in Farmer Mac's Annual Report on Form 10K for the year ended December 31, 2008, as filed with the SEC earlier today. The forward-looking statements contained in this release represent management's expectations as of the date of this release. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements included in this release to reflect new information or any future events or circumstances, except as otherwise mandated by the SEC.
Farmer Mac is a stockholder-owned instrumentality of the United States chartered by Congress to establish a secondary market for agricultural real estate and rural housing mortgage loans and rural utilities loans and to facilitate capital market funding for USDA-guaranteed farm program and rural development loans. Farmer Mac's Class C non-voting and Class A voting common stocks are listed on the New York Stock Exchange under the symbols AGM and AGM.A, respectively. Additional information about Farmer Mac (as well as the Annual Report on Form 10-K referenced above) is available on Farmer Mac's website at www.farmermac.com. The conference call to discuss Farmer Mac's fourth quarter 2008 financial results and the Corporation's Form 10-K for 2008 will be webcast on Farmer Mac's website beginning at 11:00 a.m. eastern time, Tuesday, March 17, 2009, and an audio recording of that call will be available on Farmer Mac's website for two weeks after the call is concluded.
SOURCE Farmer Mac
Reconciliation of GAAP Net (Loss)/Income Available to
Common Stockholders to Core Earnings
------------------------------------------------------
Three Months Ended
------------------
December 31, 2008 December 31, 2007
----------------- -----------------
(in thousands, except per share amounts)
Per Per
Diluted Diluted
Share Share
----- -----
GAAP net (loss)/income
available to common
stockholders $(61,118) $(6.03) $(9,300) $(0.90)
Less the effects of SFAS 133
and SFAS 159:
Unrealized losses on
financial derivatives,
net of tax (59,537) (5.88) (19,806) (1.90)
Unrealized gains/(losses) on
trading assets,
net of tax 7,166 0.71 - -
Net effects of settlements
on agency forward
contracts, net of tax 25 - (14) -
------- ------ ------- -----
Core earnings $(8,772) $(0.86) $10,520 $1.00
------- ------ ------- -----
Impairment losses
on investments (3,788) (0.37) - -
------- ------ ------- -----
Total $(4,984) $(0.49) $10,520 $1.00
------- ------ ------- -----
For the Year Ended December 31
-------------------
2008 2007
---- ----
(in thousands, except per share amounts)
Per Per
Diluted Diluted
Share Share
----- -----
GAAP net (loss)/income
available to common
stockholders $(154,080) $(15.40) $4,421 $0.42
Less the effects of SFAS 133
and SFAS 159:
Unrealized losses on
financial derivatives,
net of tax (66,027) (6.60) (25,758) (2.43)
Unrealized gains/(losses)
on trading assets,
net of tax (6,915) (0.69) - -
Net effects of settlements
on agency forward
contracts, net of tax 372 0.04 267 0.03
-------- ------ ------- -----
Core earnings $(81,510) $(8.15) $29,912 $2.82
-------- ------ ------- -----
Impairment losses
on investments (106,240) (10.62) - -
------- ----- ------- -----
Total $24,730 $2.47 $29,912 $2.82
------- ----- ------- -----
Shell Successfully Installs Perdido Topsides
Opens up new frontier in world's ultra deepwater
HOUSTON, March 16 /PRNewswire/ -- At its Perdido Development, Shell Oil Company has completed the installation of the drilling and production platform atop a 555-foot cylindrical spar floating in about 8,000 feet of water 200 miles from Houston in an isolated sector of the Gulf of Mexico. It is the deepest such facility in the world.
Russ Ford, Shell's technology vice president for the Americas said, "Perdido is a technological tour de force that is opening up a new frontier for global oil and gas production. Once the global economy recovers, the energy challenge will return with a vengeance, and new sources of energy will be required. Producing oil safely and responsibly this far out and this deep should allay concerns about industry access to the 85 percent of the U.S. Outer Continental Shelf that remains undeveloped. Perdido and the OCS represent considerable potential to boost U.S. and global energy security."
The Perdido project, which Shell operates on behalf of partners BP and Chevron, demonstrates the enormous time, talent and technology necessary to expand the ultra deepwater frontier. Begun with a lease sale in 1996, Shell had to pioneer several technologies and operational innovations before it could launch commercial development in 2006. That year, due to intense worldwide demand, Shell had to lease one of only two vessels in the world capable of lifting the 9,500-ton topsides onto the spar.
Over the next several months, approximately 270 personnel living on the platform and on a "flotel" alongside it will complete the myriad of tasks in the commissioning and hookup required to produce first oil. The facility is capable of handling 130,000 barrels of oil equivalent per day. To get the oil and gas to market required installing 77 miles of oil export pipelines and 107 miles of gas export pipelines in a remote part of the Gulf of Mexico over very rugged sea floor terrain to connect to the existing offshore pipeline infrastructure.
The Perdido Development has already set a world water depth record in drilling and completing a subsea well 9,356 feet (1.77 miles) below the water's surface. The project intends to drill an even deeper well at 9,627 feet.
Nine polyester mooring lines averaging more than two miles in length now hold the 50,000-ton floating structure in place, which will be nearly as tall as the Eiffel Tower when fully operational.
The Perdido Development includes a common processing hub that incorporates drilling capability and functionality to gather, process and export production within a 30-mile radius of the facility. This concept will provide regional synergies, reduced cost and lower risk as well as reducing the number and size of the facilities and operations in this challenging frontier area, resulting in a lower environmental impact than would otherwise be achieved. Ten innovative systems were designed to make Perdido a leader in health and safety.
For photographs and video of the installation, visit the Perdido Web site.
Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America's leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of the Shell Group, a global group of energy and petrochemical companies, employing approximately 104,000 people and operating in more than 110 countries and territories.
Notes to Editors
For more information about Perdido and to track the progress of the project, please visit www.shell.com/us/perdido. Photos and b-roll are also available online via this link.
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 145 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. For further information, visit http://www.shell.com
Disclaimer statement
This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "objectives", "outlook", "probably", "project", "will", "seek", "target", "risks", "goals", "should" and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation, May 4, 2006. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as "oil in place" that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC website http://www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
SOURCE Shell Oil Company
Spectra Watermakers Land Based Delivers Solar Powered Water Purification to Afghanistan
The U.S. Army receives two Solar Powered Ultra Filtration water treatment units
SAN RAFAEL, Calif., March 17 /PRNewswire/ -- Spectra Watermakers Inc., a leader in energy-efficient water treatment systems and energy recovery pumps, delivered two of their Solar Powered Ultra Filtration Units to the U.S. Army in Afghanistan. These water treatment units purify contaminated fresh water while producing up to 5000 gallons (20,000 Liters) per day each. The unit, ideal for use in harsh and remote locations, is complete with a feed water pump, battery bank, controls, back-flushing pre-filtration, self-cleaning UF and is powered by a tracking photovoltaic array.
Spectra Watermakers produces a range of products that are being used worldwide for disaster relief, military, NGO, and village-level water supply applications. Their energy efficiency and reliability is proven over ten years and thousands of installations in the marine environment. Spectra's Land Based systems either purify contaminated surface and ground water by fresh water ultra-filtration or they desalinate ocean water and brackish water from saline wells, river estuaries, or inland aquifers. The desalination units employ the reverse osmosis process to treat the water and Spectra's proprietary energy recovery pump technology enables the use of solar and wind to power them.
The U.S. military devotes a great deal of their assets to emergency preparedness and disaster relief. The front line of these humanitarian operations is providing clean water. During the aftermath of a natural or manmade disaster, the deployment of life-saving supplies requires a tremendous logistical effort, and a vast amount of fuel, time, and manpower is assigned to water transport. Military and relief agencies commonly airlift bottled water, tanker-truck to the point of need, or use inefficient diesel generator powered treatment plants. Today, Spectra Land Based can provide mobile water treatment units that are more energy-efficient, independent, and onsite, while saving valuable resources.
"The solar panels are working great," said Maj. Jeffrey O'Sandnick, in an email from Afghanistan, regarding a Spectra water unit.
The U.S. military also funds research and development of essential life-saving technology like water purification. Through DARPA (Defense Advanced Research Projects Agency), Spectra is participating in the ongoing need to develop better equipment for military and civilian use. Spectra's new Pearson Pump energy recovery technology will be part of a new DARPA study and will also be an important element of an Office of Naval Research project to improve Navy shipboard desalination. Recently SOUTHCOM participated with the Chilean military that tested a mobile solar and wind powered water desalination unit provided by Spectra Watermakers. This program culminated with WHIX (Western Hemisphere Information Exchange), a conference on renewable energy utilization and disaster relief.
Spectra's Pearson Pump is a new high-pressure pump innovation that has been developed for energy-efficient reverse osmosis desalination of sea water and brackish water. The Pearson Pump is a breakthrough enhancement of reciprocating pump design. This unique pump system combines feed water pumping and energy recovery into a single unit.
The "Energy Recovery" feature of the Pearson Pump recycles valuable energy entrained in the waste stream which is normally discarded, recovering as much as 80% of the energy wasted in a conventional system. This fact dramatically increases Spectra efficiency, bringing energy requirements down to an impressive 10 Watt Hours per Gallon for a significant savings in fuel and fuel transportation cost.
FOR MORE INFORMATION, GO TO: http://www.spectralandbased.com
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Spectra Watermakers Inc.
Contact:
Rick Wood
1.510.812.5833
1.415.526.2780
Energy Conversion Devices Updates Outlook for Third Quarter of Fiscal 2009
Continued Impact of Recession Slows Expansion
ROCHESTER HILLS, Mich., March 16 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced that it is slowing the pace of its "demand-driven" production and expansion plan to better reflect the present impact of credit availability on project flow in the global pipeline for photovoltaics. ECD also announced that, because of the lack of visibility caused by the current economic conditions, its prior third quarter and full fiscal year 2009 guidance is no longer applicable. The company believes that solar product revenue for the fiscal third quarter will approximate the results from the same period a year ago.
Mark Morelli, ECD's president and chief executive officer said, "We have a strong balance sheet and financial stability, and to keep our company strong we continue to focus on operational excellence and cost reductions. We are making strategic investments in our company including staffing the global sales and marketing team, strengthening customer service and broadening our government relations capabilities. We are continuing to improve our ability to serve our customers worldwide and we have flexibility to quickly respond to changes in the market. We are prudently slowing down production and expansion plans and are taking immediate action to decrease our spending and to adjust our demand-driven expansion to better align with current market conditions."
The company will pause its aggressive production and expansion, implementing a two-week production hiatus effective March 22nd. Also, while the company finalizes the basic construction at Battle Creek, orders for equipment and the hiring of new employees will be postponed until demand improves.
The company is further lowering overall costs and improving manufacturing efficiencies by consolidating some production from its Auburn Hills 1 facility into its newer Auburn Hills 2 facility. About 130 employees will be relocated to Auburn Hills 2 as part of its expansion of operations at that facility. The consolidation will result in a permanent reduction of approximately 70 positions from the remaining operations at Auburn Hills 1. These individuals will receive severance and outplacement services and will also have the opportunity to apply for future jobs at ECD facilities.
"Even in these tough times, there are opportunities on the horizon. The worldwide outlook for the alternative energy industry is tremendous, and the recent announcement of the U.S. stimulus package is excellent news. I believe the outlook for our business has never been stronger," concluded Mr. Morelli.
Conference Call Details
In conjunction with today's announcement, the management of Energy Conversion Devices will host a conference call on Monday, March 16, 2009, at 4:30 p.m. ET. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 90709696. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls section of the company's website at www.ovonic.com.
An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., March 18, 2009, and can be accessed by dialing 800-642-1687 or 706-645-9291 (international), with conference ID number 90709696. The webcast will also be archived on the company's website.
About Energy Conversion Devices
Energy Conversion Devices, Inc. is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com.
Safe Harbor Statement
This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to sustain profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and our customers' ability to access the capital needed to finance the purchase of our products. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.
SOURCE Energy Conversion Devices, Inc.
PlanetSolar Taps Autodesk Digital Prototyping Software for First Solar-Powered Round-the-World Voyage
SAN RAFAEL, Calif., March 18 /PRNewswire-FirstCall/ -- Autodesk (Nasdaq: ADSK) is sponsoring a unique project from PlanetSolar to produce the world's largest solar-powered sailboat capable of circumnavigating the globe.
Based in Germany, PlanetSolar is leading the project to construct the solar catamaran, and Autodesk is supplying the Digital Prototyping technology and training that will help PlanetSolar quickly and cost-effectively design and build it. Autodesk supplied PlanetSolar engineers with Digital Prototyping software from the Autodesk Inventor and Autodesk Alias product families along with AutoCAD Electrical and Autodesk Productstream to help PlanetSolar digitally design, visualize and simulate the solar catamaran before it is built.
The project is the brainchild of Raphael Domjan, president of PlanetSolar, who will also pilot the boat. PlanetSolar aims to demonstrate the potential of renewable energies, such as solar power, through technological developments while advancing hybrid and electric-powered means of transport.
"Our planet deserves better. We have to start asking ourselves what tomorrow's technologies will be, and at the same time, offer answers," said Domjan. "Engineers and scientists need to be motivated to develop innovative technologies that inspire people and show that we can achieve the impossible. Autodesk software enables our engineers to carry out extensive testing without wasting time and materials building a costly physical prototype."
"Building an actual prototype of the vessel would contradict the environmental philosophy of the project," said Robert "Buzz" Kross, senior vice president, Manufacturing Industry Group at Autodesk. "Our design software helps designers to make more sustainable choices at key points in the design, engineering and manufacturing process. The Autodesk solution for Digital Prototyping enables engineers to develop products in an environmentally friendly manner using a minimum of resources."
The Knierim Yachtbau in Kiel, Germany, will assemble the boat. The first solar-powered circumnavigation of the globe is planned for 2010 along the equatorial route. The voyage - which will cover nearly 25,000 miles (more than 40,000 kilometers) at an average speed of 10 knots -- is expected to take about 120 days and set several new world records. Stops are planned in major harbors where the capabilities of renewable energies and solar power will be on display to a wider audience. For more information, visit www.planetsolar.org.
About Autodesk
Autodesk, Inc., is a world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art Digital Prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit www.autodesk.com.
Editorial Notes:
An interview with PlanetSolar and Knierim Yachtbau is available on the Autodesk YouTube Channel at http://www.youtube.com/watch?v=dgQiE2uhVLo, and to view an animation depicting the PlanetSolar project, please visit this You Tube link.
Autodesk, AutoCAD, Alias, Autodesk Inventor and Inventor are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.
(C) 2009 Autodesk, Inc. All rights reserved.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO)
SOURCE Autodesk, Inc.
Media Contacts:
Clay Helm, 415.547.2425 Christian Strebe, +49 (0)89 452278-17
clay.helm@autodesk.com c.strebe@fortispr.de
Active Optical Cable Patent Awarded to EMCORE Corporation
ALBUQUERQUE, N.M., March 18 /PRNewswire-FirstCall/ -- EMCORE Corporation (Nasdaq: EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets, today announced that it has received a patent award for its Active Optical Cable technology. The new patent (US Patent No. 7,494,287 B2) with broad claims covers all fiber optic active cable applications and is believed to be fundamental to current and future market segments and platforms related to data communications links between information systems.
Today's high-speed data communications networks utilize optical fiber cables for data transmission between information system units such as computer clusters, mass data storage devices, and routers. Typical systems communicate via electrical host adapters that when connected to electro-optical transceivers mated with an optical fiber cable enable high bandwidth, low latency, lightweight and improved airflow data networks.
According to the Active Optical Cables Market Study 2009 by Information Gatekeepers Inc. the overall cumulative cable revenue from 2009 through 2013 is expected to exceed $8.5 billion. This represents a total of 1,040 million meter cables cumulative for the five years.
"EMCORE previously announced supporting IBM's use of 55 miles of our active optical fiber for the world's first petaflop supercomputer," said Stephen Krasulick, Executive Vice President and General Manager of EMCORE's Fiber Optics Products division. Krasulick added, "For next generation 40 Gb/s and greater bandwidth applications we expect active optical cables to replace copper cables and become the dominate connect solution."
The company currently sells in high volume the EMCORE Connects Cables (ECC) product platform for high-performance InfiniBand interconnects that operate at high-speed 20 Gb/s data rates and is sampling next generation 40 Gb/s data rate cables to major OEMs.
EMCORE is demonstrating the new 40 Gb/s ECC at the OFC/NFOEC Conference and Exposition on March 24-26 in San Diego, California. EMCORE Connects Cables currently support 40 Gb/s Quad Data Rate (QDR), 20 Gb/s Double Data Rate (DDR) and 10 Gb/s Single Data Rate (SDR) and are available in lengths from 1 to 100 meters.
For more information, visit EMCORE at www.emcoreconnects.com
About EMCORE:
EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Fiber Optics unit offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE's Solar Power unit provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at www.emcore.com.
Safe Harbor:
Statements in this press release that are not historical facts, and the assumptions underlying such statements, constitute "forward-looking statements" and assumptions underlying "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and involve a number of risks and uncertainties, including (a) the failure of the products mentioned (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, and (iii) to be successful under field conditions, (b) the failure of the products to be selected by prospective customers for large-scale deployment and (c) the ability of the Company's customers to achieve their own business goals and objectives. Readers should also review the risk factors set forth in EMCORE's Annual Report on Form 10-K for the fiscal year ended September 30, 2008. These forward-looking statements are made as of the date hereof, and EMCORE does not assume any obligation to update these statements.
SOURCE EMCORE Corporation
Contact:
EMCORE Corporation
Silvia M. Gentile
Executive Offices
(505) 323-3417
info@emcore.com
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
Clear Skies Solar Announces Strategic Project Finance Partnership with ZebaSolar
Financing Partnership Forms the Strategic Link to Bring Funding Resources for Multi-Megawatt Solar Power Projects Domestically and Abroad
NEW YORK, March 18 /PRNewswire-FirstCall/ -- Clear Skies Solar, Inc. (OTC Bulletin Board: CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, today announced the signing of a Memorandum of Agreement (MOA) with ZebaSolar. With this partnership, Clear Skies Solar (CSS) will achieve a major milestone of financing its pipeline of multi-megawatt solar installations globally.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090306/CSSLOGO )
"This MOA grants ZebaSolar the right of first refusal to finance and own any of the more than 40 Megawatts currently in Clear Skies' project pipeline - with an approximate value of $170 million for a period of twelve months," stated Clear Skies Solar CEO, Ezra Green. "Project financing availability is critical to our business. The global financial crisis has had a major impact on our business, and this relationship is a key component in Clear Skies' continued growth," added Green. "For Clear Skies, this partnership is an important step in solidifying its pipeline and breaking ground on many of its contracted projects."
Clear Skies continues to move forward developing its multi-megawatt project pipeline in Greece, India and the United States.
"As the world moves toward the clean power solution that solar energy technologies offer, we believe that we are strategically positioned to benefit greatly as the global economy recovers," said Green.
ZebaSolar President and Executive Director Shahal Khan - who has been invited to speak at the CleanTech Equity 2009 conference in Monaco - looks forward to the partnership as a growth opportunity for both cutting-edge companies.
"Our business strategy is to build a strong portfolio of solar power generation projects with a focus on the U.S., Southern Europe and India, and this partnership with Clear Skies Solar is an integral step toward fully realizing our business strategy. The experience, capabilities and shovel-ready projects that Clear Skies brings to this relationship will allow us to continue to expand our project pipeline with the confidence that the design and building of these projects will occur flawlessly," said Khan.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
About ZebaSolar, www.zebasolar.com
ZebaSolar is a world leader and developer of solar energy power projects in India and in Europe. ZebaSolar management are veterans in the industry with many firsts in Solar including financing of over 100MW of solar power plants in Europe, first in the development of thin film technology and over 20 patents in solar and solar technology in CPV, Thin Film and Photovoltaic. Through its' integrated business model. ZebaSolar has developed and launched over $1Billion in solar projects to date.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
SOURCE Clear Skies Solar, Inc.
Saxony-Anhalt Named a 'Best Kept Investment Secret' for 2008 by US-based Site Selection Magazine
MAGDEBURG, Germany, March 16 /PRNewswire/ -- Saxony-Anhalt, located in Central Germany, tops a list of "Best Kept Investment Secrets", part of the "2008 Global Best to Invest" rankings published in Site Selection Magazine's March 2009 issue. The Best to Invest rankings is a new annual report recognizing the top national, regional and local investment promotion agencies around the world for their ability to attract inward direct investment during the preceding year. Thousands of investment promotion agencies and projects were reviewed for the Best to Invest rankings. Saxony-Anhalt's listing as a Best Kept Investment Secret - ahead of "The Aegean Free Zone", in Turkey (2nd place) and "The State of Iskandar", Malaysia (3rd place) - is clear evidence of their desirability to foreign investors and corporations.
"Easily accessible, world-class air logistics facilities at the airport Leipzig/Halle and its new European DHL Hub, as well as the River Elbe and its new port facilities at Magdeburg, and quick motorway access to key destinations in Germany and elsewhere, give the area significant advantages over other locations," says Mark Arend, Site Selection's Editor in Chief.
Saxony-Anhalt takes advantage of its strategic location between the economically powerful nations in Western Europe and the emerging markets in CEE. Investors also cite Saxony-Anhalt as having a work force that "redefines productivity", working longer and more flexible hours than their Western German counterparts. Last but not least, the federal state of Saxony-Anhalt offers a variety of funding programs and subsidies to investors and corporations, who get actively supported by the economical development corporation (IMG Investitions- und MarketingÂgesellschaft Sachsen-Anhalt mbH, Dr. Carlhans Uhle, CEO). In 2008 more than 375 projects received financial backing, creating more than 3,700 new jobs in the region.
"Being recognized as a 'Best Kept Investment Secret' by Site Selection magazine is a great honour for Saxony-Anhalt," says Reiner Haselhoff, Secretary of Commerce, Saxony-Anhalt, "and is strong validation of our strategy of sustainable economic development. Against the background of difficult economic times we will strengthen the ties between science, research and corporations to facilitate new innovations in Saxony-Anhalt. It is also a commendation for all our corporations and their partnership in growing our region's economy. The entrepreneurial spirit of the people and their initiative enables success in our economic development efforts."
Today Saxony-Anhalt is a center of high-tech industries. Its growing number of midsized corporations that produces highly developed goods for global markets. Saxony-Anhalt has become a world-leader in the development of solar industries. About a third of the highly advanced float glasses used for the production of photovoltaic cells are produced here, and nearly 16 % of the worldwide output of photovoltaic cells is made in Saxony-Anhalt. The concentration of knowledge in this emerging industry is essential for a sustainable economic growth.
Site Selection, the worlds leading magazine for corporate facility planning, used its proprietary New Plant database and data supplied by two other leading providers of foreign direct investment data - the Ernst & Young European Investment Monitor powered by U.K.-based Oxford Intelligence and the GILD database from Brussels-based IBM Plant Location international - in compiling the Best to Invest rankings.
Site Selection is published bi-monthly by Conway Data Inc., an international publishing and association management company headquartered in Atlanta, Georgia. The magazine is the official publication of the Industrial Asset Management Council (http://www.iamc.org).
SOURCE IMG - Investitions- und Marketinggesellschaft Sachsen-Anhalt mbH
Media contact:
Frauke Flenker-Manthey
Press officer
Investitions- und Marketinggesellschaft Sachsen-Anhalt mbH /
Investment and Marketing Corporation Saxony-Anhalt
Am Alten Theater 6, 39104 Magdeburg, Germany
Tel.: +49-(0)-391-567-70-76
Fax.: +49-(0)-391-567-70-81
E-Mail: flenker-manthey@img-sachsen-anhalt.de
Internet: http://www.invest-in-saxony-anhalt.com
DuPont Expects Continued Revenue Growth in Global Photovoltaic Market
Accelerating R&D Pipeline and Expanding Production Capacity to Fuel Growth
NEW YORK, March 17 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD) expects to nearly triple its annual photovoltaic sales to more than $1 billion in 2012 based on strong fundamentals for long-term revenue growth in the photovoltaic solar energy market, combined with the company's ability to deliver new technologies to the industry.
"Through investments in materials, technology development and manufacturing, DuPont is accelerating its ability to deliver innovations that will improve the lifetime and efficiency of photovoltaic modules," David B. Miller, group vice president -- DuPont Electronic and Communication Technologies, said today at the Jefferies 7th Global Clean Technology Conference. "Photovoltaic technology is in its infancy and the opportunities in this market are extensive. DuPont is uniquely positioned to bring new, advanced technologies for future growth in traditional crystalline silicon and emerging thin film photovoltaic segments. We also are investing in greater production capability to help keep pace with the fast rising global demand."
DuPont anticipates that the photovoltaic market will grow by double digits over the next several years, driving demand for existing and new materials that are more cost effective. The market size today is about $30 billion, and according to industry estimates, will increase to $70 billion by 2013. Within the past year, DuPont has made significant investments in product development and capacity expansions for leading brands critical to photovoltaic module manufacturing, including DuPont(TM) Tedlar(R) polyvinyl fluoride (PVF) films and DuPont(TM) Solamet(R) thick film metallization pastes, consistent with the rise in demand.
Further accelerating its capability to meet emerging materials requirements through new offerings in the thin film photovoltaic energy market also is critical for DuPont. The growth rate for thin film is projected to be about twice as high as demand for crystalline silicon, and DuPont expects this increase to drive specifications for both new and existing products that serve the thin film industry.
DuPont is a leading material and technology supplier to the photovoltaic industry with more than 25 years of experience in photovoltaic materials development and manufacturing. DuPont photovoltaic solutions represents the broadest portfolio in the solar energy industry, with more than 10 products critical to photovoltaic production, designed to work together to help increase the efficiency and lifetime of solar modules.
Today's presentation can be found at the Investor Center of the company's website at www.dupont.com.
DuPont -- one of the first companies to publicly establish environmental goals 19 years ago -- has broadened its sustainability commitments beyond internal footprint reduction to include market-driven targets for both revenue and research and development investment. The goals are tied directly to business growth, specifically to the development of safer and environmentally improved new products for key global markets.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials; research, development and field testing of new products, including regulatory approvals and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM), Tedlar(R) and Solamet(R) are registered trademarks or trademarks of DuPont or its affiliates.
SOURCE DuPont
Email: info@hv-pv.com Phone: 845.220.2244 Fax: 845.220.2247