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.
Biomass power is the largest source of renewable energy as well as a vital part of the waste management infrastructure. An increasing global awareness about environmental issues is acting as the driving force behind the use of alternative and renewable sources of energy. A greater emphasis is being laid on the encouragement of bioenergy in the industrialized as well as developing world to counter environmental issues.
Biomass may be used for energy production at different scales, including large-scale power generation, or small-scale thermal heating projects at governmental, educational or other institutions. Biomass comes from both human and natural activities and incorporates by-products from the timber industry, agricultural crops, forestry residues, household wastes, and wood.
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.
For more information about Cleantech ! Transit, Inc. visit its website www.cleantechtransitinc.com
BroadSoft, Inc. (Nasdaq:BSFT) announced it has signed a definitive merger agreement to acquire all outstanding shares of Phoenix, Arizona-based iLinc Communications, Inc. in an all-cash transaction. The closing of the acquisition is subject to the satisfaction of various customary closing conditions.
BroadSoft, Inc. provides software that enables fixed-line, mobile, and cable service providers to deliver voice and multimedia services over Internet protocol (IP) based networks.
Falconstor Software Inc. (Nasdaq:FALC) announced that its FalconStor� Network Storage Server (NSS) storage virtualization and data protection solution has achieved VMware Ready� status. This designation indicates that FalconStor NSS has passed a detailed evaluation and testing process managed by VMware and is now listed on the VMware Partner Product Catalog.
FalconStor Software, Inc. develops, manufactures, and sells network storage software solutions in the United States and internationally. It also offers related maintenance, implementation, and engineering services.
Lakeland Industries Inc.(Nasdaq:LAKE) announced financial results for its second quarter and first half of fiscal year 2012 ended July 31, 2011. Revenue of $26.2 million in Q2FY12 up 6.6% over Q2 last year. International expansion efforts continue to drive non-US revenue growth. International revenues set another record at $12.6 million. Revenues from outside the US were 48.3% of total in Q2FY12 as compared with 43.5% for Q2FY11
Lakeland Industries, Inc. manufactures and sells safety garments and accessories for the industrial protective clothing market primarily in North America, China, India, and Brazil.
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