EnviroDaq 100 Changes
The EnviroDaq 100 Index is rebalanced to determine the 100 largest companies by market capital. There are a number of new securities joining the Index, whilst others have been removed.
New additions to the Index include: IdaTech (IDA), Jetion Holdings (JHL), KP Renewables (KPR), Kurawood (KURA), Ludgate Environmental Fund (LEF), Libra Natural Resources (LNR), Nviro Cleantech (NVR), and Traction Technology (TRAC).
The following securities have been removed from the EnviroDaq 100: AFC Energy (AFC), Bioganix (BGX), Bodisen Biotech (BODI), China Biodiesel International Holdings (CBI), Hightex Group (HTIG), Questair Technologies (QAR), ReEnergy Group (RGY), and Sabien Technology Group (SNT).
May Gurney acquires Gas Utility Maintenance Contractor
Willows Plant Limited, a North West-based gas utility maintenance contractor, has been acquired by May Gurney for £4.6m, payable on completion of the acquisition. A further £10m may be payable dependent upon the securing of substantial work above the current turnover levels of Willows.
In the financial year up to 31 March 2007, Willows generated a pre-tax profit of £0.6m on a revenue of £19.1m.
30% of May Gurney’s revenues is derived from utilities maintenance, making it a core market. David Sterry, CEO of May Gurney commented that “The combined skills of the two businesses will give us an excellent opportunity to secure a long-term and substantial position in the gas maintenance market”.
To read more click here.
GTE sign exclusive deal with Siemens Power Generation
Gas Turbine Efficiency (GTE) have signed a three-year exclusive supply agreement with Siemens Power Generation in which GTE will supply, integrate, test, train and install Combustion Dynamics Monitoring Systems (CDMS).
Siemens will exclusively market the systems under its own name on its worldwide combustion turbine fleet. Both companies will retain their intellectual property.
The CDMS system integrates sensors, hardware and controls with the aim of efficient gas turbine operations. This includes fuel variability and quality, emissions optimisation, combustion tuning, fuel efficiency, parts life extension and system protection.
To read more click here.
Camco Announces new Chinese Voluntary Emission Reduction Projects
Camco has signed a contract with Honiton Energy Holdings to act as its exclusive carbon development partner through to the end of 2009.
Under the new voluntary carbon reduction scheme, Honiton are expected to generate up to 3.3m tonnes of emissions reduction targets over their first crediting period.
Honiton is China’s fastest-growing foreign renewable energy provider and owns the rights to develop five extensive project sites in the Inner Mongolia region.
Honiton is planning to construct 150MW of wind turbine capacity by the end of 2008 with the first turbines becoming operational this year.
To read more click here.
TyraTech Launch Natural Pesticide Range
TyraTech, the pioneer of effective and natural pesticide products, has launched its Crawling Insect Spray from its “Naturals” range and has its first order from one of the largest food distributors in the US.
The spray uses a blend of natural plant oils to deliver potent insect control that is harmless to humans and animals.
The spray treats a range of common pests including cockroaches, drain flies, fruit flies, ants, bed bugs, dust mites and spiders.
The products can be used while people carry on their day-to-day activities, eliminating the need for quarantine or evacuation that is required with many chemical pesticides.
To read more click here.
Solar Integrated Wins New Roofing Projects
Solar Integrated Technologies has won an order for a Building Integrated Photovoltaic (BIPV) roofing system for Audi Logistics Centre in Germany.
The order, which is worth $1.5 million, is expected to be completed by the end of the year.
Solar Integrated has also won two separate orders with a total value of $3.4 million to install solar roofing systems for customers in Belgium.
"We continue to target and successfully win business in select vertical market segments and geographic markets … with these two new orders, we are expanding our customer and project reference base in the distribution facilities sector and in the retail sector." stated R. Randall MacEwen, President & CEO of Solar Integrated.
To read more click here and here.
£3 million Investment in Hydrodec Group
Ludgate Environmental Fund has invested £3 million, 11.2% of the Fund’s net assets, into the Hydrodec Group which provides advanced oil and process technology, products and services to industry.
Hydrodec specialises in environmentally sustainable, small carbon footprint chemical processing and high performance oil refining in a closed loop, de-minimal emission process.
Hydrodec’s principal focus is on the market for transformer oil, used by electrical utilities in the power generation industry.
Hydrodec’s technology re-refines used and contaminated transformer oil to create very high quality new transformer oil meeting all necessary industry standards.
To read more click here.
Oxford Catalyst Makes Steam
Oxford Catalysts have signed a Memorandum of Understanding with a global consumer goods giant to explore the use of Oxford Catalyst’s Instant Steam technology.
The technology can provide steam instantly on demand, using a compact portable device. A catalyst is used to imitate a chemical reaction in a liquid fuel that produces steam, starting from room temperature.
The benefits of this technology include giving the ability to steam clean and disinfect areas to a much wider population.
Roy Lipski, Chief Executive of Oxford Catalysts said:
“We are very excited about our Trigger Steam technology and the potential represented by the process we’ve embarked upon with this leading global consumer goods giant.
To read more click here.
For all the EnviroDaq company news visit www.EnviroDaq.com and view the news archive.
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