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Suntech Signs Sales Agreements with Conergy

Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, announced it has entered into multiple sales agreements with Conergy AG, a leading solar system integrator based in German, to provide it with various PV modules for its global projects. The Company currently estimates that the value of the PV modules to be sold under these agreements in 2007 is at least US$270 million and could increase depending upon whether additional optional PV modules are exercised under the agreements. About Suntech Suntech designs, develops, manufactures, and markets a variety of PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech’s majority-owned subsidiary, MSK Corporation is involved in the building-integrated photovoltaics (BIPV). http://www.suntech-power.com About Conergy Conergy AG is considered to be the highest volume solar company in Europe, and is among the leading international providers of other rapidly growing fields of renewable energy, including bioenergy. Conergy offers customized renewable energy solution for each customer.

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Zoltek Reports Strong Q1 Results

Zoltek Companies, Inc. (Nasdaq: ZOLT) reported accelerated sales growth trends and strong improvement in operating performance in the first quarter of its 2007 fiscal year ended December 31, 2006. On a year-over-year basis, Zoltek’s sales nearly doubled — increasing to $30.3 million for the quarter, compared to $15.6 million in the first quarter of the previous year. On a sequential quarter basis, Zoltek’s sales increased 27% (from $23.8 million) in the quarter ended September 30, 2006. Operating income from continuing operations of $3.0 million for recently completed quarter, compared to an operating loss from continuing operations of $1.0 million in the prior year quarter. Similarly, Zoltek reported a positive cash flow from operating activities of $3.5 million for the three months ended December 31, 2006, compared to a negative cash flow from operating activities of $5.7 million for the three months ended December 31, 2005. “It was an excellent quarter in every important operating respect,” said Zsolt Rumy, Zoltek’s Chairman and Chief Executive Officer. “Given the continuing growth in demand for our carbon fibers, our principal challenge is simply to execute, and that is what we are doing — with increasing success.” “We achieved a significant improvement in utilization rates […]

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Beacon Power Announces $10.6M Investment

Beacon Power Corporation (NASDAQ: BCON) has received commitments for $10.6 million of new investment. The capital will be used to fund ongoing operations, including the expected completion of Beacon’s Smart Energy 25 flywheel development and the design of the first 20-megawatt frequency regulation power plant. The transaction is expected to close on February 15, 2007. Investors agreed to purchase approximately 11.8 million units for $0.90 per unit, each of which consists of one share of the Company’s common stock, par value $0.01 per share, and a warrant to purchase 0.5 shares of the Company’s common stock at an exercise price of $1.33 per share. The net proceeds to the Company are expected to be approximately $9.8 million after deducting placement agency fees and estimated offering expenses. The warrants are immediately separable from the units, and will be exercisable beginning six months and one day after the date of their issuance, and will expire on the fifth anniversary of the date of their issuance. All of the units are being offered under a shelf registration statement previously filed with the Securities and Exchange Commission. About Beacon Power Beacon’s primary business strategy is to commercialize its patented flywheel energy storage technology to […]

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GE Announces Green Building Partnership

GE (NYSE: GE) and Masco Contractor Services (MCS) announced a new program to help homebuilders and residential developers create homes that lead the market in whole-home energy efficiency, water conservation, and the use of renewable power. The program integrates high-performance products and advanced principles of building science into a simple upgrade package for builders that benefits return-on-investment for homebuyers. The collaboration includes an array of GE ecomagination products, including Energy Star Appliances, compact fluorescent lighting, and GE Brilliance solar power systems. The collaboration also expands the benefits available under the Environments For Living® program. The Environments For Living program, developed by MCS, consolidates advanced techniques of applied Building Science and provides tiered levels of certification for energy efficiency for heating and cooling the home that include energy usage and comfort guarantees. Donald J. DeMarie, Jr., President/CEO of MCS, states, “This collaboration provides builders with a powerful program to assist them in building and marketing homes that address today’s fast-evolving, green consumer values like energy efficiency and comfort, while protecting the environment and reducing emissions.” About Masco Contractor Services The Environments For Living program is an initiative sponsored by MCS, a group of companies that are subsidiaries of Masco Corporation (NYSE: […]

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