Brown Goes Green

Filed Under (Business, Companies, Forex News, ZAP, parnership) by admin on 13-11-2007

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UPS to Use ZAP Electric Car and Truck Fleet for Deliveries

PETALUMA, CA -- (November 13, 2007) -- It will be a green holiday this season for United Parcel Service (UPS), who rolled out a small parcel delivery service this week in Northern California using 42 electric cars and trucks from ZAP (OTCBB: ZAAP). UPS rolled out an electric car and truck fleet from ZAP this week to help with small parcel deliveries in dense urban communities. The move was made to reduce fuel consumption and reduce CO2 emissions. The UPS branch in Petaluma, California has leased an initial fleet of 42 ZAP Xebra® electric city cars and trucks for their small parcel deliveries. This is the first time that UPS has used electric city-speed vehicles for this purpose. Small parcel deliveries are becoming more challenging for the trademark big, brown UPS delivery vans, which is why UPS is using the electric city cars and trucks to handle small parcel deliveries. The ZAP vehicles lessen fuel consumption and reduce automotive emissions produced by current delivery vehicles. Drivers will be monitoring their electrical usage to carefully analyze cost-savings and emissions reductions. "This is the missing link for small package deliveries in congested areas," said ZAP CEO Steve Schneider. "Packages go from the airplanes, to the tractor trailers, to the delivery vans, then to the drop-off nodes. From there the ZAP trucks make the final delivery to the consumer in a zero-emission vehicle that costs less to operate. It's a perfect example of how green technology can help corporate America's bottom line." UPS is setting up strategic distribution nodes where vans can transfer packages to the ZAP Xebras for final delivery in smaller communities, neighborhoods and downtown areas where larger delivery vans are less efficient and have a more difficult time navigating or parking. "ZAP vehicles are much better than full size trucks in urban areas because they can save a fleet operator money," said ZAP Chairman Gary Starr. "Electric vehicles can also be one of the best things any organization can do to cut greenhouse gases and help the environment." About UPS Founded in 1907 as a messenger company, UPS has grown into a $47.5 billion corporation by focusing on the goal of enabling global commerce. It has become the world's largest package delivery company and a leading provider of specialized transportation and logistics services. Every day UPS manages the flow of goods, funds, and information in more than 200 countries and territories worldwide. UPS employs 427,700 people delivering 3.9 million packages annually. UPS operates 1,788 facilities with an overall vehicle fleet of 94,542 package cars, vans, tractors, and motorcycles. UPS also operates a fleet of 277 aircraft, making it the 9th largest airline. About ZAP ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies (AMEX: GBT). The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information

Trina Solar Signs Polysilicon Supply Agreement

Filed Under (Business, China, Forex News, Solar, compaines) by admin on 13-11-2007

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Trina Solar Signs Polysilicon Supply Agreement with Sichuan Yongxiang Polysilicon Changzhou, China-based Trina Solar (NYSE: TSL) said today it signed an agreement to get polysilicon from Leshan, China's Sichuan Yongxiang Polysilicon. Under the six year contract, Sichuan is expected to supply Trina with enough virgin polysilicon to produce 1,300 megawatts of modules. Trina said deliveries are scheduled to start in mid-2008 and continue through 2013. "This agreement with Sichuan Yongxiang Polysilicon represents an important step in the execution of our strategy to expand our fully integrated PV module manufacturing capacity," said Jifan Gao, Trina Solar's chairman and CEO. "This six-year agreement ensures that Trina Solar will receive large quantities of polysilicon at favorable prices and payment conditions in a market of tight polysilicon supply." Trina said Sichuan is in the advanced stages of building a 10,000 metric ton polysilicon production facility with an initial phase of 1,000 metric tons launching next year. Dezhi Feng, general manager of Sichuan Yongxiang Polysilicon, said "Our affiliate company, a current manufacturer and supplier of trichlorosilane gas to well-established polysilicon producers in China, will supply Sichuan Yongxiang Polysilicon with trichlorosilane which is an essential raw material for the polysilicon production process." "With this secure source of trichlorosilane, Sichuan Yongxiang Polysilicon is on target to start our test production in the first quarter of 2008." Trina said with this contract and the company's existing supply agreements, it has now secured approximately 70 percent of polysilicon requirements for its 2008 planned production.

Dubai Group Purchases US$5 Million in ZAP Shares

Filed Under (Companies, Forex News, Investment, Technologies, financial, future, market, parnership, system) by admin on 12-11-2007

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Al Yousuf Group and electric car pioneer ZAP (OTC BB:ZAAP.OB) announced today that the Dubai-based manufacturing and distribution company has invested US$5 million ($5,000,000) in ZAP shares. The Al Yousuf Group, along with its subsidiary Al Yousuf Motors, is one of Dubai's leading distributors of automobiles, off-road vehicles and boats. Founded in 1952, Al Yousuf Group has 18 subsidiaries with branch offices in Abu Dhabi, Al Ain, Cairo, Fujairah, Jeddah, Ras Al Khaimah, Riyadh, and Sharjah, according to the Middle East information resource Zawya (http://zawya.com/cm/profile.cfm/cid489977/). ZAP has been a pioneer in electric transportation since 1994, delivering more than 100,000 electric cars, trucks, scooters, bicycles and other vehicles to consumers in 75 different countries. Over the past few years ZAP has accelerated its plans to market electric cars and trucks using the latest in advanced technologies. ZAP is manufacturing a full-line of electric vehicles and has plans to develop full-performance models using the latest advances in automotive technologies. "I really like ZAP's approach to the electric vehicle market," said Eqbal Al Yousuf, President of Al Yousuf Group. "I am impressed with the technology ZAP is developing -- like wheel motors -- as well as its management team and we look forward to building a broader business relationship with them." The Al Yousuf Group has developed partnerships with many of the world's renowned brand names in Asia, Europe and the USA. A number of these ventures have grown into long-term business relationships. Al Yousuf Motors' portfolio includes General Motors and Daihatsu vehicles, Daewoo buses, Suzuki motorcycles and outboard engines, Yamaha motorcycles, outboard and marine engines, water vehicles, generators, boats etc. "We believe there is a big demand for clean transportation in The Middle East and we see ZAP in a position to deliver on that demand," said Hossein Asrar Haghighi, Chief Finance Officer of Al Yousuf Group. "We are long-term investors in this endeavor and will focus our efforts with ZAP on this important work to contribute to a green community worldwide through different units of our Group." "Forming a relationship with Mr. Al Yousuf over the past several months has opened new horizons for ZAP and its business plans," said ZAP CEO Steve Schneider. "Al Yousuf has been one of Dubai's leading business innovators for more than half century. I believe this is the right relationship for ZAP to expand on its global marketing strategy." About the Al Yousuf Group With more than 50 years in business, Al Yousuf Group has diversified into a multitude of industries under various subsidiaries, with dealings in Automotive, Information Technology and Telecommunications, Consumer Electronics, Boat Manufacturing, Air Conditioning, Imperbit Membrane manufacturing, Real Estate, Transportation and more. The Group has grown remarkably through a combination of aggressive marketing and the continuous addition of new agencies and businesses -- a mark of confidence that the community has in the future of Al Yousuf. It now has a network of subsidiaries and associate companies having staff strength close to 3,000. Al Yousuf is constantly seeking new opportunities to partner with regional and world brands that are themselves looking to expand to new markets. Increasingly, these companies are recognizing the advantages of partnering with Al Yousuf -- a global organisation that has strengthened immeasurably over the past half century. With its enviable record of strong continuous growth, the solid support of its business partners, dedicated and loyal workforce behind it, and the Royal Family's vision as its guide, Al Yousuf is well placed to realize its ambitions for the next centuries to come. About ZAP ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

China Nepstar Chain Drugstore (NPD) Begins Trading on NYSE

Filed Under (China, Forex News, stocks) by admin on 09-11-2007

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China's largest drugstore chain based on the number of directly operated stores, China Nepstar Chain Drugstore Ltd  ("Nepstar" or "the Company"), was listed today on the New York Stock Exchange. Nepstar offered 20,625,000 American depositary shares (ADSs) during its initial public offering at US$16.20 each. Gross proceeds from the offering, not including the potential exercise of the greenshoe, amounted to approximately US$334 million. Nepstar is the largest drugstore chain in mainland China, with 1,791 directly operated stores as of September 30, 2007. Proceeds from the offering will be used to open new stores, to upgrade information management and inventory control systems and to set up two new distribution centers. The proceeds may also be used for other general corporate purposes and for potential acquisitions. Goldman Sachs (Asia) L.L.C. was the sole global coordinator of the offering. Goldman Sachs (Asia) L.L.C. and Merrill Lynch, Pierce, Fenner & Smith Incorporated were the joint bookrunners. CLSA Limited was also an underwriter of the offering. Nepstar's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

SunPower to Build Three Solar Power Plants in Spain

Filed Under (Companies, Forex News, Investment, market, technology) by admin on 09-11-2007

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SunPower to Build Three Solar Power Plants in Spain Totaling 21-Megawatts for Naturener Group
Image SunPower Corp. (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that its Spanish subsidiary will engineer, procure equipment for and construct three solar electric power plants totaling approximately 21-megawatts in the Castilla La Mancha region of Spain.

Corporate affiliates of The Naturener Group, a Spanish-based company, will own the three solar power plants located in Tinajeros (Albacete), Manzanares and Almuradiel (Ciudad Real), just southeast of Madrid. They are expected to be financed by a Spanish bank syndicate.

SunPower will utilize its proprietary SunPower(R) Tracker solar tracking system at each of the three sites, covering a total of approximately 90 hectares. The SunPower Tracker is an industry-leading solution for deploying large-scale solar electric systems and is today's most reliable and proven solar tracking technology. Its unique design enables solar panels to automatically follow the sun throughout the day to maximize energy generation -- delivering up to 25 percent more power output than traditional fixed systems.

"We are pleased that the Spanish market continues its rapid adoption of solar power and that Naturener has chosen SunPower's innovative solar tracker technology as part of our turnkey solar solution," said Marco Antonio Northland, general manager of SunPower's European operations. "The SunPower Tracker solar power system is a proven and reliable solution for maximizing the highest energy delivery, while optimizing land use and reducing related costs."

With the signing of the construction contracts, Naturener will consolidate its solar power projects in Spain. "We anticipate that these three solar power plants will be in operation by the summer of 2008 and will add them to our existing renewable portfolio of hydro and wind generation," said Rafael Sanchez-Castillo, CEO of Naturener Group. "We are pleased to continue our expansion of renewable energy in the Spanish and North American markets."

SunPower now has an aggregate of approximately 140-megawatts in SunPower tracker technology under contract or previously sold in Spain.

PPL Partners with Vermont Landfill

Filed Under (Business, Forex News, benfits, invstment, market) by admin on 08-11-2007

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PPL Partners with Vermont Landfill to Develop Renewable Energy Generating Facility PPL Renewable Energy, a subsidiary of PPL Corporation, will develop and install a 4.8- megawatt methane-to-electricity power generation system at the Moretown Landfill in Moretown, Vt., the company announced Thursday November 8th. Moretown Landfill, a subsidiary of Highstar Waste Holding Corp., will provide 2.4 million cubic feet of methane gas every day to power Caterpillar generators at the 200-acre facility. Methane-to-energy systems at landfills have a dual benefit for the environment -- they generate electricity from renewable fuel while also eliminating emissions of methane, a gas that contributes to global warming. Methane is created when refuse in landfills decomposes. "This project is consistent with our company's vision of being the best possible partner to all of our constituencies, local communities, customers, employees and shareholders," said Frank E. Celli, chief operating officer of Highstar Waste Holding Corp. "By developing this project with PPL Renewable Energy, the Moretown Landfill creates a beneficial use for a naturally occurring byproduct of our waste management operations and reduces greenhouse gas emissions." The power generated by the facility will be sent to the electricity grid and will power the equivalent of 3,000 homes. The companies expect the project to be operational by Dec. 31, 2008. "We're excited to be partnering with HWHC on this project that captures a valuable fuel that would otherwise be wasted and uses it to generate electricity," said Steve Gabrielle, business development manager for PPL Renewable Energy. "When completed, this plant will prevent the equivalent of 29,000 tons of carbon dioxide emissions each year. That's equal to removing 40,000 cars from the road or planting 57,000 acres of new forest." PPL Renewable Energy already has developed renewable energy projects that total more than 15 megawatts of generation -- enough to power 12,000 homes. These include solar panel installations and landfill gas projects in Pennsylvania and New Jersey. In addition, PPL purchases energy from the 24-megawatt Bear Creek wind farm near Wilkes-Barre, Pa., and the 26-megawatt Locust Ridge project in Mahanoy City, Pa. Other projects -- including new solar, landfill gas, wind and biomass -- are under development by PPL. PPL Renewable Energy, a subsidiary of PPL Corporation, develops, owns, operates and maintains renewable energy projects in the northeastern United States. The company will invest at least $100 million in additional renewable energy projects in the next five years. PPL Corporation, headquartered in Allentown, Pa., controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom.

OSI Geospatial Signs US$1.2 Million Contract

Filed Under (Business, Companies, Exchange, Forex News, market, stocks) by admin on 07-11-2007

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OSI Geospatial Signs US$1.2 Million Contract to Provide Major U.S. Port Area with Risk Assessment OSI Geospatial Inc. (TSX: OSI)(OTCBB: OSIIF) announced today that its U.S. Systems Operations has signed a US$1.2 Million contract to provide an integrated vulnerability assessment for the Sabine Neches port area in Texas. This area encompasses approximately 4 refineries, 37 chemical facilities, 4 storage facilities, assorted quarries, fueling stations, docks and piers as well as the Ports of Port Arthur, Port of Beaumont and the Port of Orange. Under the terms of the contract, the company will complete a risk assessment for the port system and identify actions to effectively mitigate threats to the region's maritime critical infrastructure. The work is estimated to be completed over a six month period. The Sabine Neches area project is being funded by the U.S. Department of Homeland Security (DHS) Port Security Grant Program (PSGP). The funds provided by the PSGP are primarily intended to support the work of increasing port-wide risk management, enhanced domain awareness capabilities through the development and implementation of port-wide risk management/mitigation and Business Continuity/Resumption of trade plans to prevent, detect, respond to and recover from attacks involving improvised explosive devices (IED) and other non-conventional weapons, as well as training and other exercises. The DHS grant program provided for funding of US$110 Million in fiscal year 2007 which included US$66 Million to be allocated to the eight U.S. port areas that have been determined to be high risk areas. The Sabine Neches area is one of these areas and it will receive funding of approximately US$6 Million. "This is our first port security win and I am pleased to be involved in this very important project," said Ken Kirkpatrick president and CEO of OSI Geospatial. "The development of the U.S. port security market is a high priority for OSI and we are well positioned to leverage our advanced naval situational awareness technology to provide solutions that will enhance port security operations." About OSI Geospatial OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI) and the Over the Counter Bulletin Board (OSIIF). For additional information please visit www.osigeospatial.com .