caz80
- 21 Dec 2009 12:16
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caz80
- 21 Dec 2009 12:19
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CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL
#458478 - 21/12/09 07:53 AM
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how high 13-15p
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458480 - 21/12/09 07:59 AM
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Catalytic Solutions, Inc.
(The "Company")
UPDATE ON FINANCIAL POSITION
RESTORATION TO TRADING
Catalytic Solutions, Inc. (AIM: CTS and CTSU), the Company behind Mixed Phase Catalyst (MPC) technology, announces the following:
*
Sale of Intellectual Property to joint venture partner TKK for $4.0 million
*
Agreement on terms of forbearance with secured lender
TKK transaction
The Board of Directors is pleased to announce that it has reached an agreement with Tanaka Kikinzoku Kogyo Kabushiki Kaisha ("TKK"), its joint venture partner in Asia Pacific, to sell the IP rights to part of its three-way catalyst ("TWC") technology to TKK.
Under the terms of the Purchase & Sale Agreement (the "Agreement"), which has been approved by the Boards of the Company and TKK, Catalytic Solutions will sell certain patents relating to TWC technology to TKK for use in the Asia Pacific region only. The Agreement accelerates the exercise of the acquisition rights of TKK under the terms of the TC Catalyst Incorporated ("TCC") joint venture and requires that the respective equity ownership of TKK and Catalytic Solutions in the TCC joint venture changes to 95 per cent / 5 per cent in order to reflect the change in contributor of the TWC technology to the joint venture. The Agreement also provides Catalytic Solutions with a right of first refusal to reacquire the patents in the event that TKK chooses to dispose of them. Under the Agreement, the Company will receive total cash consideration of $4.0 million which is expected to be received in two tranches in December 2009 and the first quarter of 2010, respectively.
Catalytic Solutions will continue to own rights to the utilization of the TWC technology in the remainder of the world, including the United States. In addition, TKK has agreed that it will not compete with the joint venture that it enjoys with the Company in the Asia Pacific region for the duration of the TCC joint venture, which has a minimum duration of 10 years.
Forbearance agreement with Fifth Third Bank
Further to the Company's announcement of 27 November 2009, the Company and Fifth Third Bank have agreed to the terms under which Fifth Third Bank will extend forbearance until 31 January 2010 on the Company's outstanding debt obligations owed to it. The key terms include the repayment of approximately $900,000 to the bank by 31 December 2009, an increase in the interest rate payable by 100 basis points beginning 1 December 2009 and an additional 50 basis points beginning 1 January 2010. Other terms are customary for forbearance agreements of this nature. In addition, the bank has renewed the revolving facility through the term of forbearance. The facility was due for renewal on 31 December 2009.
The proceeds from the TKK transaction will be used in part to repay to Fifth Third Bank those amounts agreed to under the terms of forbearance
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458482 - 21/12/09 08:11 AM
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4p to buy
2p to sell
Looks like another quality investment recommendation.
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458487 - 21/12/09 08:46 AM
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14M IN ASSET sales and a 1m mkt cap =10x no debt nowCatalytic Solutions, Inc.
(The "Company")
SALE OF energy systems business
Catalytic Solutions, Inc. (AIM:CTS and CTSU), the company behind Mixed Phase Catalyst (MPC) technology ("Company"), today announces that it has sold the principal assets and liabilities of its energy systems business, Applied Utility Systems, Inc. ("AUS"), to Johnson Matthey (LSE:JMAT).
Key terms of the transaction are as follows:
*
A total sale price of US$10 million with US$8.5 million having been paid in cash at signing, US$0.5 million payable contingent upon AUS being awarded certain projects and US$1.0 million retention against certain project and contract warranties and other obligations.
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Assets sold include contracts in progress, working capital, intellectual property relating to systems, trade marks and trade names. A settlement will be made between Johnson Matthey and the Company to reflect net working capital.
The Company purchased AUS, a provider of cost-effective, engineered solutions for the clean and efficient utilization of fossil fuels, in 2006. AUS provides emissions control and energy systems solutions for industrial and utility boilers, process heaters, gas turbines and generator sets used largely by major utilities, industrial process plants, OEMs, refineries, food processors, product manufacturers and universities. This business accounted for a loss of US$915,000 for the year ended 31 December 2008, including certain non-recurring expenses of US$530,000 and depreciation and amortization expenses of US$556,000.
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458490 - 21/12/09 09:21 AM
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plenty happening behind the scenes
http://209.85.229.132/search?q=cache:3JiCPUnLF88J:enginecontrolsystems.com/news.aspx+catalytic+solutions+inc/grants&cd=1&hl=en&ct=clnk&gl=uk&client=firefox-a
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458491 - 21/12/09 09:27 AM
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http://www.cambridgenetwork.co.uk/news/article/default.aspx?objid=63763Date: 12/10/09
Johnson Matthey buys Applied Utility Systems
Johnson Matthey announced that it has purchased the assets of Applied Utility Systems Inc. from Catalytic Solutions Inc. for US $8.5 million in cash plus US $1.5 million subject to certain contingencies.
Applied Utility Systems (AUS) is located in Southern California and employs 20 people. It designs and supplies selective catalytic reduction (SCR) systems for controlling emissions of oxides of nitrogen (NOx) in a wide range of applications. These include gas turbines for power generation, industrial boilers, steam generators and process heaters, all of which are subject to increasingly strict emissions standards around the world.
The acquisition of AUS establishes Johnson Mattheys Stationary Emissions Control (SEC) business as a SCR system supplier in these market segments, complementing its existing NOx emission control business activities for coal fired power plants, process industries and internal combustion engines for power generation and marine applications. It will enable Johnson Matthey to increase its sales of catalysts and emission control systems into the growing global market for NOx control and to expand the range of applications that its SEC business serves.
Commenting on the transaction, Neil Carson, Chief Executive of Johnson Matthey said: The acquisition of Applied Utility Systems is a further step in our strategy of making bolt-on acquisitions in our core business area of environmental technologies. It will enhance the capability of our Stationary Emissions Control business to serve a greater range of applications for controlling harmful NOx emissions.
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458492 - 21/12/09 09:39 AM
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blication No. WO/2009/139860 Published on Nov. 19, Assigned to Catalytic Solutions for Emission Reduction System (American Inventors)
US Fed News Service, Including US State News; 11/24/2009; 420 words; ...emission reduction system for use with a heat recovery steam generation system. The patent has been assigned to Catalytic Solutions Inc., Ventura, Calif. According to an abstract posted by the World Intellectual Property Organization: "A system..
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458494 - 21/12/09 09:41 AM
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http://209.85.229.132/search?q=cache:FugJJ2-tfsEJ:goliath.ecnext.com/coms2/product-compint-0001074445-page.html+catalytic+solutions+inc/grants&cd=37&hl=en&ct=clnk&gl=uk&client=firefox-a
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458496 - 21/12/09 09:44 AM
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NEW PATENT AWARDED 24th nov
http://www.highbeam.com/doc/1P3-1907356251.htmlArticle: Publication No. WO/2009/139860 Published on Nov. 19, Assigned to Catalytic Solutions for Emission Reduction System (American Inventors)
Article from:
US Fed News Service, Including US State News
Article date:
November 24, 2009 CopyrightCopyright © HT Media Ltd. All Rights Reserved. Provided by ProQuest LLC. (Hide copyright information)
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GENEVA, Nov. 20 -- Robert Bono, Rajashekharam Malyala, Stephen J. Golden and Alec Miller, all from United States of America, have developed an emission reduction system for use with a heat recovery steam generation system.
The patent has been assigned to Catalytic Solutions Inc., Ventura, Calif.
According to an abstract posted by the World Intellectual Property Organization: "A system and method of maintaining an optimal temperature range for a catalyst section in a HRSG comprising placing a portion of the exhaust stream in a heat exchanger and superheater, diverting a second portion around the heat exchanger and superheater, combining ...
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458501 - 21/12/09 09:58 AM
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RockPort Capital Partners
July 20, 2009 matthewlim
About: RockPort Capital Partners, founded in 2000, is one of the pioneering Cleantech VC funds and focuses exclusively on the Energy and Power, Advanced Materials and Process and Prevention technology sectors. With offices in Boston, MA and Menlo Park, CA, RockPort has invested, to date, over $300M in more than 40 portfolio companies with breakthrough technologies that deliver significant economic value to large potential markets.
www.rockportcap.com
Key Personnel:
William E. Wilber James, Managing General Partner
David J. Prend, Managing General Partner
Alexander Ellis III, General Partner
Janet James, General Partner & COO
Charles J. Chuck McDermott , General Partner
Victor Westerlind, General Partner
Stoddard M. Todd Wilson, General Partner
Daniel Hullah, Principal
Dhiraj Malkani, Principal
Abe Yokell, Principal
Kevin Kopczynski, Associate
Portfolio:
Energy & Power Aspen Products Group, Catalytic Solutions, Comverge, Deerpath Energy, Eka Systems, Enphase Energy, Evergreen Solar, ISE Corporation, Lilliputian Systems, Nanogram Corporation, Nanogram Devices, Northern Power Systems, Powerspan, PPT Research, Satcon Technology, Soliant Energy, Solyndra, Southwest Windpower, Sustainable Spaces, Think Global AS, Tioga Energy.
Resource Efficiency Advanced Electron Beams, Aspen Aerogels, Catalytic Solutions, Davidson Instruments, EcoSMART Technologies, HydroPoint Data Systems, MicroSeismic, Powerspan, PPT Research, Second Rotation.
Transportation Achates Power, Aspen Products Group, Catalytic Solutions, ISE Corporation, Think Global AS.
Advanced Materials Advanced Electron Beams, Aspen Aerogels, Catalytic Solutions, EcoSMART Technologies, Hycrete, Lilliputian Systems, Nanogram Corporation, Nanogram Devices, NeoPhotonics Corporation, PPT Research, Solyndra.
Green Building Aspen Aerogels, Comverge, Deerpath Energy, Eka Systems, Enphase Energy, Evergreen Solar, Hycrete, HydroPoint Data Systems, Project FROG, Renaissance Lighting, Satcon Technology, Soliant Energy, Solyndra, Southwest Windpower, Sustainable Spaces, Tioga Energy.
Fundraising: RockPort raised its first fund of $125 million in 2001, closed its second fund of just over $260 million in January 2006 and raised its third fund of $453 million in June 2008 which is one of the largest venture funds focused on clean technology investments.
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458502 - 21/12/09 10:04 AM
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ECS Purifilter Plus gets EPA verification
Apr 1, 2009 1:05 PM
Catalytic Solutions Inc.'s Heavy-Duty Diesel Systems business unit announced its ECS Purifilter Plus emissions reduction product has received Environmental Protection Agency (EPA) verification.
The verification is for reducing harmful emissions of particulate matter by 90%, carbon monoxide by 75% and hydrocarbons by 85% for the retrofit of 1994 through 2006 model year non-exhaust gas recirculation (EGR) heavy-duty diesel engines, the company said.
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"We are pleased with the addition of this product to our already leading range of retrofit products which have received EPA and CARB verification," said Charles F. Call, CEO. "As the number of retrofit product verifications we receive increases, so does our target market. Reducing harmful emissions created by diesel engines is a critical priority, as evidenced by the recently approved stimulus funding of $300 million under the EPA's Diesel Emissions Reduction Act (DERA) program being made available to heavy-duty diesel on-road vehicle and off-road equipment owners to retrofit their engines to reduce diesel emissions."
The company also announced the Purifilter Plus earned conditional verification, satisfying EPA's verified device funding requirements for the purpose of sales of eligible retrofits. Full verification is expected by providing EPA with testing plans and completing a testing program by March 2010.
The ECS Purifilter Plus is a hybrid diesel particulate filter system employing both passive and active regeneration and is CARB approved for heavy-duty, on-road diesel engines, the company said.
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458503 - 21/12/09 10:18 AM
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Date of this article might give some clue.
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458504 - 21/12/09 10:21 AM
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new world patent granted when suspended tells tou the only way is up 70p highs NEW PATENT AWARDED 24th nov
http://www.highbeam.com/doc/1P3-1907356251.htmlArticle: Publication No. WO/2009/139860 Published on Nov. 19, Assigned to Catalytic Solutions for Emission Reduction System (American Inventors)
Article from:
US Fed News Service, Including US State News
Article date:
November 24, 2009 CopyrightCopyright © HT Media Ltd. All Rights Reserved. Provided by ProQuest LLC. (Hide copyright information)
Ads by Google
Quality Cat Converters
Direct Fit units @ Unbeatable Low Prices. No Gimmick Headlines
www.cats2go.co.uk
Catalyst & Filter systems
Supply SCR & Oxidation Catalyst Supply Diesel soot & Ceramic Filter
www.iceuk.ltd.uk
GENEVA, Nov. 20 -- Robert Bono, Rajashekharam Malyala, Stephen J. Golden and Alec Miller, all from United States of America, have developed an emission reduction system for use with a heat recovery steam generation system.
The patent has been assigned to Catalytic Solutions Inc., Ventura, Calif.
According to an abstract posted by the World Intellectual Property Organization: "A system and method of maintaining an optimal temperature range for a catalyst section in a HRSG comprising placing a portion of the exhaust stream in a heat exchanger and superheater, diverting a second portion around the heat exchanger and superheater, combining ...
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oilbrat
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Re: CATYLITIC SOLUTIONS/CTSU/RESTORATION/DISPOSAL [Re: oilbrat]
#458509 - 21/12/09 11:08 AM
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http://cleaninvest.wordpress.com/tag/rockport-capital/