subject: Pennytobuck Stock Update On Hoku, Chp, Flpc [print this page] FLPC, First Liberty Power CorpFLPC, First Liberty Power Corp. (FLPC.OB)
FLPC announced that the Gravity Survey of the Companys Lida Valley (LVW Claims) Nevada lithium claim has been completed by Hasbrouck Geophysics Corp and it has provided positive results. The data from the Gravity Survey has resulted in the identification of multiple deep trough systems that could be a possible catch basin for lithium brine.
Why Lithium? Powering The Green Revolution
The United States has made clean sustainable energy and green house gas reduction one of the key issues of its domestic energy policy. Included in this policy is a pledge to eliminate oil imports from the Middle East and Venezuela within a decade and to slash the U.S. carbon dioxide emissions by more than 30% by the year 2020.
For this to be successfully the current administration has to do two things:
Wean America off using fossil fuels (coal, oil & natural gas) to produce energy.
Develop alternative clean energy sources within the US to avoid energy imports.
Lithium ion batteries are the rechargeable solution for the Blackberry, iphone, ipad and virtually every laptop computer, camcorder and new generation power tool. But the real story and opportunity is the revolutionary switch underway from the internal combustion engine to clean environmentally friendly electric cars. The lithium-ion battery is the obvious choice for auto makers around the globe and here at home in the USA. Lithium-based batteries excel and out perform all others batteries in virtually every category:
High energy-to-weight ratio, helping increase efficiency and environmental friendliness.
Lithium-Ion battery packs are GMs solution for the Volt hybrid
Longer life
Faster re-charge
No memory effect charge it up no matter the level of the current charge
Spring, Summer, Fall and WINTER, it operates down to temperatures of -60C
C&D Technologies, Inc. (NYSE:CHP) second quarter financial results announcement, members of the public are invited to listen to CHP's live conference call broadcast via the internet on Thursday, September 9, 2010 at 10:00 a.m. (Eastern Daylight Time). The purpose of the conference call is to discuss financial results for the company's Fiscal Year 2011 second quarter ended July 31, 2010, as well as provide a general overview of the business. Speaking during the conference call will be Jeffrey A. Graves, President and Chief Executive Officer; and Ian J. Harvie, Vice President and Chief Financial Officer.
Financial results will be released over the newswires prior to the call. The press release will also be posted on C&D's corporate website: http://www.cdtechno.com. Investors who wish to listen to the conference call on the internet may log on through the Investor Relations page.
Those parties interested in participating in the conference call via telephone should dial 706-679-4521 and enter Conference ID number 94459267.
Hoku Materials, Inc., a wholly owned subsidiary of Hoku Corporation (NASDAQ:HOKU), established to manufacture and sell polysilicon for the solar market, announced that it entered into a change order agreement under its cost plus incentive construction contract with JH Kelly, LLC to align schedules and incentives to support the commencement of commercial operations at Hoku's polysilicon production facility in calendar year 2010.
JH Kelly and HOKU have confirmed a detailed schedule and budget to achieve commercial production in 2010, under the terms of the change order. To closely align their interests and maintain tighter controls over the compressed schedule, the parties have agreed to monthly milestones that must be achieved before HOKU is obligated to pay the applicable portion of JH Kelly's monthly invoices.
HOKU has reported that it has secured an additional $10 million loan from China Merchants Bank under terms substantially the same as the $20 million loan previously provided by China Merchants Bank in May 2010. This loan is also secured by a letter of credit obtained by Tianwei New Energy Holdings Co., Ltd. for HOKU's benefit.
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