Satcon Technology Corporation (Nasdaq:SATC) a leading provider of utility-scale power conversion solutions for the renewable energy market, announced that it has achieved the number one position in market share for the North American solar inverter market. The data, published in IMS Research's Q1 2011 PV Inverter Quarterly Market Tracker Report, shows that Satcon shipped the most total megawatts of any inverter manufacturer in the Americas in Q1 2011. "Satcon was one of the biggest market share gainers in Q1'11, gaining considerable share in the Americas in particular," said Ash Sharma, Research Director at IMS Research. "They continue to demonstrate impressive growth in the Americas and Asia and this will be extremely important for the future as these markets are predicted to drive global demand."
Satcon Technology Corporation® is the leading provider of utility-scale power conversion solutions for the renewable energy market, enabling the industry's most advanced reliable and proven clean energy alternatives. For over 26 years, Satcon® has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit www.Satcon.com.
Cleantech Transit Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide. Cleantech Transit Inc. is in the business of producing and conserving power. It produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind.
Geothermal power is another form of renewable energy system. Geothermal energy uses the heat from deep inside the earth to produce electricity. Various methods have been developed to do this, and the most common method is harnessing the steam that naturally comes out of fissures on the ground. The trapped heat in earth's core can be greater than 9,000 degrees Fahrenheit. By harnessing its steam we can turn this heat into electricity. Besides this we can also use the energy from the underground directly by installing geothermal heat pumps to generate home heating and cooling provisions for both households as well as industrial facilities.
Cleantech Transit Inc. is pleased to provide additional details after achieving success on the 500 KW facility and successfully moving past the interconnection testing stage.
Coming on the recent success at the 500KW facility in Merced, California this poises Phoenix Energy to become a leading developer of renewable biomass distributed generation plants that utilize local resources for local energy.
Currently there are two additional projects being pre-certified by Phoenix Energy in California. The projects are each projected to be 1 MW biomass gasification facilities that will provide both electricity and process heat energy. Each facility will provide enough electricity to power approximately 800 homes as well as process heat to be used in drying agricultural products. The projects are expected to complete by the end of 2012.
Cleantech will be providing details on the expecting closing date of its initial investment into Phoenix Energy in the coming weeks.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
Charles & Colvard Ltd. (Nasdaq:CTHR) the sole manufacturer of created moissanite gemstones, The Most Brilliant Jewel in the World®, announced that David B. Barr was elected to serve as an independent member of the Company's Board of Directors at the Company's Annual Meeting of Shareholders on Thursday, May 19, 2011. Mr. Barr, age 47, currently serves on the boards of a number of restaurant companies that are owner-operators or franchisees. He has served as Chairman of PMTD Restaurants LLC since September 1998 and Chairman of Rita Restaurants LLC and its predecessor Avado Brands, Inc. since May 2005, and is a member of the Board of Directors of Del Frisco's Restaurant Group, LLC; Mrs. Fields Original Cookies, Inc.; and Bistro Restaurant Group. From November 2000 until December 2007, Mr. Barr was Chairman of the Board of Samuels Jewelers, and subsequently served as a member of the Board of Directors of Samuels Jewelers from January 2008 to December 2008. Since September 1998, Mr. Barr has provided consulting and valuation services for small- and mid-cap companies and investment firms. From June 1994 to September 1998, he served as Chief Financial Officer and then President and Chief Executive Officer of Great American Cookie Company, Inc.
Charles & Colvard, Ltd., based in the Research Triangle Park area of North Carolina, is the global sole source of moissanite, a unique, near-colorless created gemstone that is distinct from other gemstones and jewels based on its exceptional fire, brilliance, luster, durability, and rarity.
American Video Teleconferencing Corp (AVOT)
American Video Teleconferencing Corp. believes that the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is normally known for its business and efforts of exploration in Rare Earth Elements. According to AVOT, it will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
Rare-earth metals, in chemistry, group of metals including those of the lanthanide series and actinide series, usually yttrium, sometimes scandium and thorium, and rarely zirconium. Promethium, which is not found in nature, is not usually considered a rare-earth metal. The metals usually occur together in minerals as their oxides (rare earths) and are somewhat difficult to separate because of their chemical similarity.
American Video Teleconferencing Corp. (AVOT) recently announced Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp. (DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.
Tennessee Commerce Bancorp Inc. (Nasdaq:TNCC) reported that it received a communication from The NASDAQ Stock Market ("Nasdaq"), dated June 2, 2011, stating that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing with the U.S. Securities and Exchange Commission ("SEC") an amendment to its annual report on Form 10-K for the fiscal year ended December 31, 2010. Rule 5250(c)(1) requires that Nasdaq-listed companies file their required periodic financial reports with the SEC on a timely basis. The Nasdaq had deemed the Company's initial annual report on Form 10-K for the fiscal year ended December 31, 2010, filed with the SEC on April 18, 2011, to be incomplete because the Report of Independent Registered Public Accounting Firm included in the Form 10-K contained a qualification for uncertainties, which existed at the time the filing was made, relating to a regulatory examination of the Company's banking subsidiary by its regulators. Such uncertainties have since been resolved and the Company's auditors have issued an unqualified Report of Independent Registered Public Accounting Firm with respect to the Company's audited financial statements for the fiscal year ended December 31, 2010. The Company's amended annual report on Form 10-K/A filed with the SEC contains an unqualified Report of Independent Registered Public Accounting Firm.
Tennessee Commerce Bancorp, Inc. is the parent company of Tennessee Commerce Bank. The Bank provides a wide range of banking services and is primarily focused on business accounts. Its corporate and banking offices are located in Franklin, Tennessee. Tennessee Commerce Bancorp's stock is traded on the Nasdaq Global Market under the symbol TNCC. Additional information concerning Tennessee Commerce Bancorp can be accessed at www.tncommercebank.com.
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