Specialized Technology Resources is a worldwide leader in Solar Panel Encapsulation and Quality Assurance Services. Our Solar business is committed to providing our customers with environmentally-responsible solutions through continual research & development and innovation. Our QA business is a leader in consumer product quality assurance and responsible sourcing services.
STR Holdings, Inc. (NYSE:STRI) announced that it closed on the sale of its Quality Assurance (QA) business to UL (Underwriters Laboratories) for $275 million in cash, plus approximately $8 million of cash assumed. Concurrently, the Company retired its outstanding credit facilities using the proceeds from the transaction. QA�s historical financial results will be presented as a discontinued operation in future consolidated financial reports for STR Holdings, Inc.
�This transaction greatly improves our financial flexibility and our management�s ability to focus on and pursue our growth strategies in Solar,� said Dennis L. Jilot, Chairman, President and Chief Executive Officer. �I am very excited about the opportunities that are ahead of us, and we wish our terrific QA employees best of luck as they continue their journey as the centerpiece of UL�s Verification Services business.�
STR is one of the world’s leading providers of high quality, superior performance encapsulants for the photovoltaic (PV) module industry, serving more than 80 manufacturers worldwide. The Company pioneered the solar encapsulant market more than 30 years ago with the invention of the first EVA encapsulant. Today, it continues to innovate through its extensive R&D program, which has led to the introduction of new technologies.
Further information about STR Holdings, Inc. can be obtained via the Company�s website at www.strholdings.com.
Biomass power, or bio! power, u ses biomass feedstocks instead of conventional fossil fuels (natural gas or coal) to generate electricity. Biomass is one of the oldest fuels known to humanity. Although primitive, the campfire illustrates the nature of using biomass for power. When the biomass is burned, it produces heat. In a power plant, this heat is used to turn water into steam. The steam is then used to turn turbines, which are connected to electric generators. Biomass Gasifiers heat the biomass to convert it into a gas that can be used in power systems such as combustion turbines or fuel cells.
Cleantech Transit Inc. (�Cleantech�) (OTC.BB:CLNO) is pleased to announce it has met its funding requirement to secure the Company�s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
By owning and maintaining your own on-site power plant that operates parallel to the existing power grid, you safeguard yourself against all power interruptions. When the grid is overwhelmed for any reason, y! ou’ ;ll still have all the power you need.
To discover more about CLNO, Please visit: http://www.cleantechtransitinc.com/
First Security Group, Inc. (NASDAQ:FSGI) announced that Robert P. �Bob� Keller had been appointed to First Security�s Board of Directors and Joseph E. �Joe� Dell had been appointed Executive Vice President and Chief Lending Officer.
First Security Group, Inc. is a bank holding company headquartered in Chattanooga, Tennessee with $1.1 billion in assets.
UTi Worldwide Inc. (Nasdaq:UTIW) reported financial results for its fiscal 2012 second quarter ended July 31, 2011. Revenues were $1,297.4 million, an increase of 13 percent from $1,151.1 million. Net revenues (revenues minus purchased transportation costs) were $443.4 million, an increase of 17 percent from $379.1 million. Net income attributable to UTi Worldwide Inc. was $22.9 million, or $0.22 per diluted share, in the second quarter of fiscal 2012.
UTi Worldwide Inc. is an international, non-asset-based supply chain services and solutions company providing air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics, truckload brokerage and other supply chain management services.
Shuffle Master Inc. (Nasdaq:SHFL) announced its results for the third quarter ended July 31, 2011, including record net income and Adjusted EBITDA. �We achieved record EBITDA in the quarter through superior execution on three fronts: product innovation, continued commitment to grow recurring revenue, and disciplined expense management,� commented Gavin Isaacs, Chief Executive Officer of Shuffle Master.
Shuffle Master, Inc. is a lead! ing glob al gaming supplier committed to making gaming more fun for players and more profitable for operators through product innovation, and superior quality and service.
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