GreenHouse Holdings, Inc. (OTCQB:GRHU) ("GreenHouse"), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, freshly announced the signing of multiple contract awards for its Life Protection (LPI) Governmental Services Division, totaling $6 million. The recently acquired LPI subsidiary provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
The governmental contracting entities include the U.S. Marine Corps School of Dynamic Entry in Quantico, VA and the U.S. Army Schofield Barracks Range Support in Honolulu, HI. The combined value of these contracts totals $1.5 million and includes GreenHouse's brand of Rapidly Assembled Portable Structures, (RAPS). In addition, to the governmental contracts, GreenHouse has signed contracts totaling $4.5 million for commercial projects, including a design-build contract for services ranging from project management and land planning to eco-friendly building products and services. GreenHouse expects the majority of the contracted work to be completed by year end 2010.
Russ Earnshaw, President of GreenHouse Holdings, stated: "These contract awards with new and existing clients is a reflection of the trust our customers have in GreenHouse's commitment to delivering top-quality products and services. We are extremely proud of LPI's ability to immediately secure highly desirable contracts within an industry with high barriers to entry. Management remains dedicated to strengthening our associations with the Directors of government agencies and expanding our geographic footprint as we continue to increase revenue, grow earnings and improve overall shareholder value."
GRHU, is a San Diego, California based developer of sustainable and eco-friendly energy solutions and infrastructure that can be rapidly deployed establishing the standard for delivering sustainable self-sufficiency to the world. The company delivers global energy solutions, also serving as a provider of non-corn based ethanol fuel. Its three primary business segments--GreenHouse Builders, GreenHouse Energy and GreenHouse Community--address broad markets from homeowners and the building industry to corporations, governments, and Third World countries. GreenHouse offers consumers effective home improvement products that improve the environment and benefit homeowners financially through lower energy bills and reduced maintenance expenses.
GRHU announced the signing of a Letter of Intent to acquire Control Engineering, Inc (CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services. Experts in multiple technologies and applications, CEI's client base includes recognizable brands from a wide range of industries including pharmaceutical, food, beverage, utility, military and consumer goods.
The acquisition, when consummated, is expected to significantly increase gross margins in GreenHouse's Energy Services Division via vertical integration of CEI's business. The acquisition is also expected to provide cross-selling opportunities of GreenHouse products and services to CEI's existing clients.
GRHU announced that PepsiCo(R) will partner with GreenHouse to utilize Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program at its Buena Park bottling plant. GreenHouse is a qualified service provider of SCE's Auto-DR program, providing site assessment, feasibility studies, project development, engineering, installation of enabling technologies and complete processing of all incentives.
The Auto-DR program offers significant financial incentives and technical support to SCE customers with automated load control systems that participate in demand response events. Auto-DR uses control systems to automatically achieve specified energy demand reductions (kW and duration) during periods of peak energy demand.
More about GRHU at: www.greenhouseintl.com
IRIS International, Inc. (Nasdaq:IRIS), will release its third quarter 2010 financial results after the close of trading on Thursday, October 28, 2010.
IRIS International, Inc. is a leading global in vitro diagnostics company focused on products that analyze particles and living cell forms and structures, or morphology of a variety of body fluids. The Company's products leverage its strengths in flow imaging technology, particle recognition and automation to bring efficiency to hospital and commercial laboratories.
The New Ireland Fund, Inc. (NYSE: IRL) is a close-ended equity mutual fund launched and managed by Bank of Ireland Asset Management (U.S.) Limited. It invests in the public equity markets of the Ireland. The fund seeks to invest in growth stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the ISEQ Index. The fund was formerly known as Irish Investment Fund Inc. The New Ireland Fund, Inc. was formed on December 14, 1989 and is domiciled in the United States.
BAE Systems and Northrop Grumman freshly announced they have added iRobot Corp. (NASDAQ:IRBT) to their Ground Combat Vehicle (GCV) team in their bid for the U.S. Army's GCV competition.
"The addition of iRobot to our team strengthens and promotes the unmanned components of the GCV program," said Mark Signorelli, BAE Systems vice president and general manager of Ground Combat Vehicle. "Collectively we bring the proven experience, the latest technology and cultures of innovation and service to the Army's GCV program.
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