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Biodiesel Companies Merge

M-Wave, Inc. (NASDAQ: MWAV) is acquiring biodiesel company SunFuels, Inc., and will operate under a new name, Blue Sun Holdings, Inc. Jeff Probst, President and CEO of SunFuels said, “SunFuels is merging with M-Wave to meet expanding consumer demand for high-quality, premium-performance biodiesel fuel.” SunFuels also completed a $10.125 million private placement of its Series A Convertible Preferred Stock. The Series A Convertible Preferred Stock is convertible into SunFuels Common Stock. M.A.G. Capital, LLC, a Los Angeles-based private investment firm, was the lead investor. The company will use the capital to complete construction of biodiesel refinery assets aggregating 45 million gallons of biodiesel per year. They intend to begin construction of the first biodiesel refinery site at Clovis, New Mexico immediately and to continue to build out a vertically integrated business model, including the construction of oilseed crushing facilities and advanced biodiesel blending terminals. About SunFuels, Inc. and Blue Sun Biodiesel LLC Headquartered in Denver, SunFuels, through Blue Sun, is a vertically integrated agriculture-energy company and marketer of premium agricultural and renewable fuels products and is a leading biodiesel marketer in the Rocky Mountain States, including Colorado, New Mexico, and Wyoming, and in Ontario, Canada. Blue Sun differentiates its products […]

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Maxwell Receives Key Ultracapacitor Order

Maxwell Technologies, Inc. (Nasdaq: MXWL) has received a purchase order for 100,000 square meters of its proprietary ultracapacitor electrode material from Shanghai Sanjiu Electric Equipment Company, Ltd., (Sanjiu) which is preparing to introduce a line of ultracapacitor products based on Maxwell’s cell architecture and high-performance electrode for the Chinese transportation, electric utility and industrial markets, with a specific focus on Shanghai. The order is to be filled over the balance of 2007, based on Sanjiu’s planned production of 100,000 large cell 3,000 farad ultracapacitors cells for the year. Dr. Richard Balanson, Maxwell’s President and CEO, said that while Maxwell has been establishing separate manufacturing facilities and its own sales and distribution organization to market Maxwell’s BOOSTCAP® ultracapacitor products in China, the alliance with Sanjiu will accelerate penetration of the very large and rapidly growing Chinese market. “The financial resources of Ruihua and SUEP and their networks of affiliated power utility and manufacturing companies and distribution channels will enable Sanjiu to expand ultracapacitor sales in China more broadly and rapidly than Maxwell could on its own,” Balanson said. “In addition to generating high-volume sales of our electrode material, this relationship may also provide an additional future option for offshore ultracapacitor assembly […]

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