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Azure Dynamics Reaches Hybrid Deal with Ford

Azure Dynamics Corp. (AZD.TO) announced it has signed an agreement with Ford Motor Co. to build hybrid electric powertrains for the automaker’s E-Series commercial platform. Azure, based in Vancouver, British Columbia, will build powertrains to convert Ford’s E-350 and E-450 commercial chassis for hybrids.

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SatCon Requests Hearing on Nasdaq Listing

SatCon Technology Corp(Nasdaq GM: SATC) announced on September 1, 2006 that the Nasdaq Listing Qualifications Department notified the Company on August 30, 2006 that it failed to comply with the continued listing requirements of The Nasdaq Global Market because the market value of the Company’s listed securities had fallen below $50,000,000 for 10 consecutive business days. The Company was provided a period of 30 calendar days, or until September 29, 2006, to regain compliance. The market value of SatCon’s common stock is still below the minimum and is thus subject to delisting from Nasdaq. SatCon has requested a hearing before a Nasdaq Listing Qualifications Panel to review the Staff’s determination. The request for a hearing will stay the Staff’s determination and, as a result, the Company’s securities will remain listed on The Nasdaq Global Market until the Panel issues its decision following the hearing. The Company expects the hearing to be held in approximately 30 to 45 days. There can be no assurance that the Panel will grant the Company’s request for continued listing on The Nasdaq Global Market. In accordance with Nasdaq Marketplace Rules, the Company could, prior to the hearing, apply to transfer its securities to The Nasdaq […]

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Timberland's Nutrient Label for Shoes

The Timberland Company, selected for our SB20 list for several years, has come up with an innovative way to increase its environmental leadership. Shoes will now be sold in boxes that carry a “nutrition label” that details the company’s environmental and community footprint.Says Jeffrey Swartz, Timberland President and CEO, “We believe we’re going to see an industry shift towards greater product transparency for consumers and that they’ll come to expect that from all of the companies they do business with. Consumers deserve the most information possible to make intelligent purchasing decisions. We hope other retail companies will see the importance of these practices.” Starting this year, the “Our Footprint” label – similar to a food nutrition label – will appear on the side of each footwear box. It will consists of three sections:– Environmental Impact: the average amount of kilowatt hours (kWh) needed to produce a pair of Timberland footwear and how much of Timberland’s energy use comes from renewable energy sources.– Community Impact: the percentage of factories assessed against the company’s code of conduct; Timberland’s no child labor policies; and the total hours volunteered in the community by Timberland employees– Manufactured: Lists the name and location of the factory […]

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Hybrid Owners of America Launches

A new nonprofit – the Hybrid Owners of America – has launched to organize and advocate for the interests of the roughly 500,000 Americans who are saving money on gas, reducing America’s dependence on foreign oil, and reducing global warming pollution by driving hybrid cars and other gas/electric vehicles.In addition to tracking federal, state, local and private sector incentives to keep hybrid car owners armed with the latest information, HOA is encouraging hybrid vehicle drivers to get involved by urging Congress and the White House to embrace a five-point “hybrid friendly” agenda:1. Broaden the federal tax credit for hybrid vehicle purchases so that more vehicle types are eligible for the credit faster and so that popular hybrid credits do not fade out so quickly. The current federal tax cap on the hybrid tax break is arbitrary, confusing and will not work to promote the maximum number of hybrid purchases.2. Create a new and additional tax incentive that provides further assistance to individuals who convert existing hybrids into plug-in hybrid electric vehicles (PHEV) in order to further increase fuel efficiency and decrease oil consumption and pollution output. 3. Provide tax and other incentives to businesses that help employees to buy hybrids, […]

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