Argan, Inc. (AMEX:AGX) was founded in 1961 and is headquartered in Rockville, Maryland. Argan, Inc., through its subsidiaries, provides development, consulting, engineering, procurement, construction, commissioning, operations, and maintenance services to the power generation and renewable energy markets for public utilities, independent power project owners, municipalities, public institutions, and private industry.
Argan, Inc. announced that its wholly owned subsidiary, Gemma Power Systems (GPS), has signed an engineer-procure-construct (EPC) contract with East Texas Electric Cooperative, Inc. (ETEC) for an approximately $165 million contract to design and build a 49.9 MW, biomass-fired power plant near Woodville, Texas. The Rural Utilities Service (RUS) must issue its approval of the contract and issue its Finding of No Significant Impact (FONSI) for the project prior to full effectiveness of the contract.
GPS has received a limited release to start critical planning and early engineering activities with a full release expected no later than Spring 2012. The project is estimated to be completed in December 2014. Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, stated, �We are pleased to assist in meeting the electricity demands of the citizens of East Texas and ETEC�s member cooperatives. We look forward to working with ETEC toward the successful, on-time completion of this important project.�
The telecommunications infrastructure services of Argan include structuring, cabling, terminations, and connectivity that provide the physical transport for high speed data, voice, video, and security networks, as well as inside plant and premises wiring services comprising AutoCAD design; cable installation; equipment room, and telecom closet design and build-out; data rack and cabinet installation; raceway design and installation; and cable identification, testing, labeling, and documentation services.
The telecommunications infrastructure services of Argan also consist of trenchless directional boring and excavation for underground communication and power networks; aerial cabling services; and the installation of buried cable, high and low voltage electric lines, and private area outdoor lighting systems. Argan provides its telecommunications infrastructure services to federal government, and telecommunications and broadband service providers, as well as electric utilities.
For more information about Argan, please visit http://www.arganinc.com
Apollo Residential Mortgage, In (NYSE:AMTG) announced that the Company will hold a conference call to review its third quarter financial results on Tuesday, November 8, 2011 at 5:00 p.m. Eastern Time.
Apollo Residential Mortgage, Inc. offers real estate mortgage and finance services. The company was founded in 1990 and is based in New York, New York.
Global High Income Fund, Inc. (NYSE:GHI) announced that the Fund’s Board of Directors declared a regular monthly distribution of $0.0833 per share. The distribution is payable on October 31, 2011 to shareholders of record as of October 20, 2011. The ex-distribution date is October 18, 2011.
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.
Biofuel is a type of fuel whose energy is derived from biological carbon fixation. Biofuels include fuels derived from biomass conversion, as well as solid biomass, liquid fuels and various biogases. Biofuels are gaining increased public and scientific attention, driven by factors such as oil price spikes, the need for increased energy security, concern over greenhouse gas emissions from fossil fuels, and government subsidies. According to the International Energy Agency, biofuels have the potential to meet more than a quarter of world demand for transportation fuels by 2050.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
AVX Corp. (NYSE:AVX) has scheduled to release its preliminary quarterly results for the quarter ended September 30, 2011 before the New York Stock Exchange opens on Wednesday, October 26, 2011 and will hold a conference call at 10:00 a.m. EST on that day.
AVX Corporation, together with its subsidiaries, manufactures and supplies passive electronic components and interconnect products in the Americas, Europe, and Asia. The company operates through three segments: Passive Components, Kyocera Electronic Devices (KED Resale), and Interconnect.
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