Northern Trust Corporation (Nasdaq:NTRS) announced an enhancement to its Valuation Toolkit intended to help U.S. state and local government clients address accounting rules and disclosure requirements adopted by the U.S. Governmental Accounting Standards Board (GASB) related to counterparty credit ratings for derivatives investments.
Northern Trust Corporation, through its subsidiaries, provides investment management, asset and fund administration, banking solutions, and fiduciary services for corporations, institutions, and affluent individuals worldwide.
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.
A variety of physical, thermo-chemical, chemical and biochemical processes are used for converting biomass into energy. Generally, the conversion efficiencies are much higher compared to the traditional biomass energy technologies (e.g. traditional wood burning cookstove) and usually these processes also generate large amount of nutrients for sustainable agriculture e.g. slurry from a biogas plant, oil seed cake of vegetable oil seeds.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Universal Display Corp (Nasdaq:PANL) announced that the company has entered into an OLED technology license agreement with Pioneer Corporation. Under the arrangement, Pioneer will be licensed to access and use Universal Display’s proprietary UniversalPHOLED phosphorescent and other OLED technologies and materials for the manufacture and sale of OLED lighting products.
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel display, solid-state lighting, and other product applications.
Tech Data Corp. (Nasdaq:TECD) announced that the company has entered into a new $500 million five-year revolving credit agreement, replacing a $250 million revolving credit facility that was set to expire in March 2012. The new revolving credit facility expires in September 2016.
Tech Data Corporation distributes information technology products, as well as offers logistics management and other value-added services in North America, South America, and Europe.
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