Universal Forest Products Inc. (Nasdaq:UFPI) announced changes intended to enhance the Company’s growth and profitability, including the addition of support around two areas of strong growth potential: international sales and product development. The changes are effective Oct. 1, 2011.
Universal Forest Products, Inc. engineers, manufactures, treats, distributes, and installs lumber, composite wood, plastic, and other building products for the DIY/retail, site-built construction, manufactured housing, and industrial markets.
Cleantech Transit, Inc. (CLNO)
Biomass power provides about 4% of the energy used in the United States, meaning that biomass is the second largest source of renewable electricity in United States, behind hydropower. Biomass does not only play an important role as a renewable energy source but can be also considered as a vital part of U.S. waste management infrastructure. The largest biomass energy resource is still wood, followed by waste. Wood and wood waste today provide around 2% of the U.S. energy. Biomass power has great potential because it has its origin in plant sources meaning that it can potentially be produced almost anywhere in the United States.
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.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Diodes Incorporated (Nasdaq:DIOD) updated its guidance for the third quarter of 2011. The Company is maintaining its revenue guidance of $160 million to $170 million for the third quarter of 2011, or flat to down 6 percent sequentially. The Company is lowering its gross margin guidance to 29 percent plus or minus 1.5 percent, compared to previous guidance of 32 percent plus or minus 1.5 percent.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and markets semiconductor products worldwide.
Polycom, Inc. (Nasdaq:PLCM) and Jive Software, a leading social business solution, announced a strategic relationship to integrate Polycom HD video into Jive’s social business platform. The new solution will transform how businesses engage and collaborate with customers, employees, and partners. The solution will allow Jive customers to conduct live video chats, including group video calls, as well as record video meetings or messages for archiving, training, and ongoing collaboration.
Polycom, Inc. provides communications solutions to enterprise, government, education, and healthcare customers to enable voice, video, and content communications.
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