NuEarth Corporation (NUEC.PK), a manufacturer and marketer of “Clean & Green” products and technology, reports that the company’s Laboratory and Research Division “TerraSolv SA” has renegotiated and finalized its Joint Venture Agreement with Laboratorio Internazionale Agricoltura, S/p/A (“LIA”) of Italy.
The Finalizing of the Joint Venture Continuation Agreement brings 2 new laboratory projects to TerraSolv. These projects are valued currently valued at more than $1.5 Million over the three-month work schedule starting in October 2010. However, each contact has provisions that could triple the final contact value to more than $6 Million USD over their 12 month life cycle.
“We’ve seen incredible value from the lab, which has paid for itself several times over in its first year of operations. It represents a new, higher standard for doing business in IT throughout the environmental and agricultural industries. We’re taking more risk out of the system, putting more structure into it, suffering less downtime and delivering higher-quality services,” said Levi Modelevi – CEO of NuEarth Corporation the parent of TerraSolv SA. The TerraSolv SA Laboratory has generated more than $32 Million over its 3 year existence � Mostly due to the Joint Venture with Laboratorio Internazionale Agricoltura, S/p/A.
Clean Diesel Technologies, Inc. (Nasdaq:CDTI), the cleantech emissions reduction company providing sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications, reported its operating results for the second quarter ended June 30, 2010.
Clean Diesel’s CEO and President Michael L. Asmussen stated, “The second quarter of 2010 saw Clean Diesel continue to make progress in its strategic effort to concentrate on the global retrofit market, which we believe offers the Company a significant long-term business opportunity.
“In addition to emphasis on the global retrofit market, we continued to focus on emission reduction and fuel economy opportunities in the U.S. in non-road sectors, including rail, marine, mining and construction.
“We view results in the second quarter as well as the first half of 2010 as progress and remain committed to the development of differentiated products based on proven intellectual property. Looking forward, we continue to pursue opportunities to aggressively broaden our product portfolio and gain access to key world markets.”
Hydrogenics Corporation (Nasdaq:HYGS), a leading developer and manufacturer of hydrogen generation and fuel cell products, has closed the first tranche of common shares issued pursuant to its strategic alliance with CommScope, Inc. which was previously announced on August 9, 2010.
The first tranche consisted of 879,393 common shares for an aggregate purchase price of US$3,237,046 (US$3.68per share).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Hydrogenics Corporation is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.
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