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Martek Signs Worldwide Supply Agreement

Martek Biosciences Corp (Nasdaq: MATK), which makes omega 3 fatty acids from seaweed, is finally seeing its stock respond to positive announcements. The latest announcement is for a 10-year supply agreement with Abbott Nutrition, a worldwide producer of infant formula products. Martek will serve as Abbott’s exclusive worldwide DHA and ARA supplier for all of its infant formula products. Martek has been supplying DHA and ARA to Abbott for use in infant formula products under a 25-year license agreement signed in 2000 which remains in effect. In the new supply agreement, Abbott has committed to purchase all of its worldwide DHA and ARA requirements from Martek. Martek manufactures nutritional oils that contain the long-chain polyunsaturated fatty acids DHA and ARA, both of which are naturally present in breast milk. Clinical studies have demonstrated benefits for infants receiving formula supplemented with DHA and ARA. Martek’s proprietary blend of DHA and ARA, marketed under the brand names life’sDHA(TM) and life’sARA(TM), is currently used in over 95% of U.S. infant formulas. Additionally, infant formula containing life’sDHA and life’sARA has been consumed by over 20 million infants in over 65 countries worldwide. Website: [sorry this link is no longer available]     

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Sacramento Municipal Utility District Signs Solar Deals With Homebuilders

The Sacramento Municipal Utility District (SMUD) and four homebuilders have inked agreements to build more than 1,900 SolarSmart homes in the SMUD service territory. SolarSmart is a SMUD brand that combines solar power and super energy-efficient features. In August, SMUD signed deals with Homes by Towne to construct 355 SolarSmart homes and with Centex homes to build 107. In May, SMUD and homebuilder Tim Lewis Communities signed a deal to build 183 solar-powered homes in three communities. In March, SMUD announced a partnership with Lennar Homes to build more than 1,200 solar homes, which represents the largest solar new homes partnership in the United States. Photovoltaic systems will be built into 1,254 new homes in 11 communities. In each of the agreements, SMUD provides funding to buy down the cost of solar and energy efficiency equipment in all the homes. Residents of these homes may save as much as 60 percent annually on their electric bills through the energy-efficient features and the solar roof tiles that generate electricity. The community benefits as well from these solar homes. Less electricity will be needed to serve the SolarSmart homes, especially at peak demand times, like hot summer days, when power is most […]

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Oregon Sees Roadside Solar Panels Ahead

URL: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/1191551122230690.xml&coll=7 Website: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/1191551122230690.xml&coll=7     

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