PMFG, Inc. (Nasdaq:PMFG) announced that it has been awarded contracts with a combined value of approximately $10.4 million for Selective Catalytic Reduction (”SCR”) and fuel gas conditioning systems for new natural gas fired power plants located in the United States and Iraq.
PMFG, Inc., through its subsidiaries, provides custom-engineered systems and products primarily to power generation, natural gas infrastructure, and refining and petrochemical processing markets worldwide.
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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 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).
Using biofuels can reduce the amount of greenhouse gases emitted. They are a much cleaner source of energy than conventional sources. As more and more biofuel is created there will be increased energy security for the country producing it, as they will not have to rely on imports or foreign volatile markets. First generation biofuels can save up to 60% carbon emissions and second generation biofuels can save up to 80%. -Biofuels will create a brand new job infrastructure and will help support local economies. This is especially true in third world countries.
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.
Biomass includes wood, agricultural crops and residues, municipal refuse, wood and paper products, manufacturing process waste and human and livestock manure. It can be used to heat homes and buildings, produce electricity, and as a source of vehicle fuel. Wood and paper manufacturers and sugar mills use biomass residues for process heat and electricity production. There are power plants that burn wood, agricultural residues, and household trash to produce electricity. Biogas (composed of methane, carbon dioxide, and other gases) produced by decomposing biomass in anaerobic conditions is captured from landfills, municipal sewage treatment plants, and livestock waste management operations. This gas can be used for heat or to generate electricity.
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Nordson Corporation (Nasdaq:NDSN) reported record fourth quarter and full year results for the fiscal year ended October 31, 2011. Sales for the quarter were $331 million, an increase of 14 percent over the fourth quarter of the prior year. This sales improvement included an 8 percent increase in organic volume and a 3 percent increase from acquisitions, with the remainder coming from positive currency translation effects. Fourth quarter operating profit and net income increased over the same period a year ago to $79 million and $55 million, respectively. Diluted earnings per share for the quarter increased to $0.81 and include a $0.03 per share charge for short-term purchase accounting related to the acquisition of Value Plastics and a $0.02 per share charge related to restructuring activities.
Nordson Corporation engineers, manufactures, and markets products and systems for precision dispensing, testing and inspection, fluid management, surface treatment, and curing.
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Preformed Line Products Co. (Nasdaq:PLPC) on December 14, 2011 declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable January 20, 2012 to shareholders of record at the close of business on January 3, 2012 .
Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, and data communication industries worldwide.
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