Cleantech Transit, Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (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.
The use of biomass energy has the potential to greatly reduce our greenhouse gas emissions. Biomass generates about the same amount of carbon dioxide as fossil fuels, but every time a new plant grows, carbon dioxide is actually removed from the atmosphere. The net emission of carbon dioxide will be zero as long as plants continue to be replenished for biomass energy purposes. These energy crops, such as fast-growing trees and grasses, are called biomass feedstocks. The use of biomass feedstocks can also help increase profits for the agricultural industry.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
WABCO Holdings Inc. (NYSE:WBC) reported Q2 2011 sales of $738 million, up 29 percent in local currencies from a year ago and up 44 percent on a U.S. GAAP basis, reflecting the industry’s continued strong growth. “Q2 2011 marked yet another period of compelling results as we generated robust sales growth of 29 percent in local currencies while continuing to deliver a commanding level of incremental operating profit margin at 25 percent, thus continuing to break records in profitability,” said Jacques Esculier, WABCO Chairman and Chief Executive Officer. “Our second quarter results show that WABCO continues to fire on all cylinders in a global industry that keeps fueling growth. We also continue to demonstrate our ability to outperform the market, improve productivity and deliver high incremental profitability.”
WABCO Holdings Inc. develops, manufactures, and sells braking, stability, suspension, and transmission control systems primarily for commercial vehicles.
Corporate Office Properties Trust (NYSE:OFC) announced financial and operating results for the quarter ended June 30, 2011. Diluted loss per share was $0.42 for the quarter ended June 30, 2011 as compared to earnings per share of $0.07 for the quarter ended June 30, 2010. Excluding a non-cash impairment charge associated primarily with the Company’s Strategic Reallocation Plan and operating property acquisition costs, funds from operations (FFO) per diluted share for the second quarter of 2011 was $0.57, a 6% increase from the $0.54 FFO per share reported in the second quarter of 2010. This increase was primarily attributable to the operations of properties acquired or placed into service in 2010, and to gains on other investments. Including the impairment charge, FFO per diluted share for the quarter ended June 30, 2011 was $0.02.
Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, management, and leasing of suburban office properties.
Equity One Inc. (NYSE:EQY) announced that it will release its 2011 second quarter earnings on Wednesday, August 3, 2011 after the market close. On Thursday, August 4, 2011, at 9:00 a.m. Eastern Time, Equity One’s senior officers will conduct a conference call to review the 2011 second quarter earnings and operating results. Stockholders, analysts and other interested parties can access the earnings call by dialing (866) 713-8395 (U.S./Canada) or (617) 597-5309 (international) using pass code 27818164. The call will also be web cast and can be accessed in a listen-only mode on Equity One’s web site at www.equityone.net. If you are unable to participate during the call, a replay will be available on Equity One’s website for future review. You may also access the telephone replay by dialing (888) 286-8010 (U.S./Canada) or (617) 801-6888 (international) using pass code 17000468 through August 11, 2011.
Equity One, Inc., a real estate investment trust (REIT), engages in the ownership, management, acquisition, renovation, and development of neighborhood and community shopping centers in the United States.
Pentair, Inc. (NYSE:PNR) announced second quarter 2011 sales of $910 million, an increase of 14 percent from the same quarter last year. These results reflected broad-based growth across its two segments, Water and Technical Products, including 7 percentage points from the recent acquisition of Norit’s Clean Process Technologies (CPT) and 3 percentage points from favorable foreign currency. Earnings per diluted share from continuing operations (EPS) were $0.67 in the second quarter 2011. Adjusting to exclude acquisition related costs, second quarter 2011 EPS was $0.75, an increase of 23 percent over the same quarter last year.
Pentair, Inc. operates as a diversified industrial manufacturing company worldwide. The company’s Water segment offers products and systems that are used in the movement, storage, treatment, and enjoyment of water.
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