subject: Pennytobuck Stock Update On Tgmp, Spwra, Efoi [print this page] American Power CorpAmerican Power Corp. (OTCBB:TGMP) is pleased to announce that it has retained Weir International Inc. of Downers Grove, Illinois (Weir) to prepare an exploration drilling program and to supervise the execution of that program, in order to evaluate the coal reserve potential on the Pace coal property in Judith Basin County, Montana.
In September of 2008, Weir International conducted a preliminary review of 30 stratigraphic test wells drilled in 1979 by Mobil Oil Corp. (now ExxonMobil Corp.) on the Pace Coal Property. A reserve report was not completed at that time but Weir International stated that the in-place coal resources of the drilled area could exceed 200 million tons, and that the undrilled controlled properties could have substantial additional resources.
TGMP is a publicly traded, dynamic energy company based in Denver, Colorado. TGMP was established with the focus of acquiring near-term, large-scale coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.
TGMP is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), and in several independent studies, range from 172 million up to 410+ million tons of high volatile bituminous B coal.
SunPower Corporation (Nasdaq:SPWRA) designs, manufactures, and markets solar electric power technologies. The company operates in two segments, Components and Systems. The Components segment manufactures and sells solar power products, including solar panels and inverters, which convert sunlight to electricity compatible with the utility network. This segment sells solar components for use in residential and commercial applications to installers and resellers, including its third-party global dealer network. Its products are also used in multi-MWac solar power plant applications. The Systems segment sells solar power systems directly to system owners and developers.
SunPower has worked with federal agencies since 1999, resulting in the installation of more than 20 MW of solar power systems at government facilities, said Karen Butterfield, SunPowers director of federal accounts. As a result, SunPower has the experience and credibility to successfully navigate the federal procurement process and deliver reliable, high performance solar systems that meet agency requirements. With the addition of a U.S.-based panel manufacturing facility this year, we have also bolstered our ability to serve this growing demand.
Energy Focus, Inc. (Nasdaq:EFOI), a leader in providing energy efficient lighting solutions, today announced that its research and development team has recently been selected to receive funding on three projects: a Phase I Department of Defense (DoD) Small Business Innovation Research (SBIR) Grant to develop additional LED lighting fixtures based on its proprietary Intellitube technology for the Naval Air Systems Command (NAVAIR); increased VHESC funding to accelerate the development of advanced coatings; and a grant for the development of advanced optical designs totaling about $410,000.
Energy Focus, Inc. is a leading provider of turnkey energy efficient lighting solutions. These solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government includes numerous research and development projects for the DOE and DARPA, creating energy efficient LED lighting systems for the U.S. Navy Fleet and the next generation Very High Efficiency Solar Cell. Customers include supermarket chains, the U.S. government, state and local governmental agencies, retail stores, museums, theme parks and casinos, hotels, swimming pool builders and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, Pleasanton, CA, and the United Kingdom.
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