AAR WINS AIRLIFT SUPPORT CONTRACT FROM MILITARY SEALIFT COMMAND
AAR to provide helicopter airlift support for U.S. Navy ships
AR (NYSE: AIR) announced that it has been awarded a contract from Military Sealift Command (MSC), to provide airlift support for U.S. Navy ships. The contract has a one-year initial base period, three one-year options and an additional 11-month option with an estimated total value of approximately $77 million.
The vertical replenishment (VERTREP) contract calls for the renewal of 4 helicopters, personnel, and operational and technical support services that the Company currently provides in the Western Pacific and Indian Oceans and the Arabian Gulf. AAR was selected from four competitive bids submitted.
�This award reflects the Military Sealift Command�s continuing confidence in AAR�s transportation and logistics capabilities and we are extremely proud to support the U.S. Navy�s operations at sea,� said David P. Storch, Chairman and Chief Executive Officer, AAR CORP.
AAR�s Airlift Group provides expeditionary airlift services in austere environments and performs specialized aircraft modifications in support of national defense, security and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense in three regions around the world, using both fixed-wing aircraft and rotary-wing aircraft to transport personnel, supplies and mail over land and at sea.
AAR is a leading provider of value-added products and services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services.
More information can be found at www.aarcorp.com.
World Energy Solutions, Inc. (Nasdaq:XWES), a leading energy management services firm, announced it has purchased the energy procurement business of Co-eXprise, Inc., a privately-held enterprise software firm. The acquisition extends World Energy’s leadership in online energy procurement, adding valuable new government, institutional, and commercial & industrial clients to its large and growing customer base. World Energy expects the transaction to be immediately accretive.
World Energy Solutions, Inc., an energy management services company, develops and builds solutions to assist businesses, institutions, and governments in managing their energy as a strategic asset.
Enzo Biochem Inc. (ENZ)
Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including exotic tests, to the medical community. Since ENZ was founded in 1976, their strategic focus has been on the development of enabling technologies in the life sciences field.
Biotechnology is a branch of science where living things are used for the creation of products or to perform some tasks for human beings. Plants, animals and even micro-organisms like bacteria are used to produce some benefit to mankind. In the medicine and agricultural industries, biotechnology helps in producing foods, tests for diseases and to remove waste. Biotechnology can also be used to solve problems and to help in research.
Biotechnology involves the manipulation of plants and animals to produce species that are more environments friendly and productive. Development of varieties of wheat that are disease resistant by cross breeding different types of wheat is an example of green biotechnology.
Enzo Biochem Inc. recently announced that it has added four highly experienced executives at its Enzo Life Sciences subsidiary to focus on rapidly evolving new pharmaceutical and clinical applications.
The officers, all filling newly created positions, are Bruce Taillon, PhD, as head of global technology business development, John D’Errico, PhD, to lead the commercial merchandising operations, Kara Cannon, as head of global marketing and Paul Munger, PhD, to lead Global Manufacturing.
Over the past two years, Enzo has been engaged in enhancing the Life Sciences subsidiary’s operating performance through added capabilities, greater integration and a more focused product mix. These efforts are all aimed at significantly expanding Enzo’s presence and marketing beyond the traditional academic and research laboratory core to greater penetrate the pharmaceutical and clinical customer base with new and cutting edge platform technologies.
For more information about Enzo Biochem Inc. visit its website: http://www.enzo.com
Savient Pharmaceuticals, Inc. (Nasdaq:SVNT) announced that John H. Johnson, Chief Executive Officer and President of Savient will present at the Sixth Annual JMP Securities Healthcare Conference on Wednesday, September 28, 2011 at 9:30 a.m. Eastern Time. The conference will be held at the St. Regis hotel in New York City. A live webcast of the presentation can be accessed through the investor relations section of the Company’s website at www.savient.com. Following the live presentation, a replay of the webcast will be available on the Company’s website for 30 days.
Savient Pharmaceuticals, Inc., a specialty biopharmaceutical company, focuses on developing KRYSTEXXA, a biologic PEGylated uricase in the United States.
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.
For thousands of years, ever since we used wood for fuel, we have relied on biomass or bioenergy to provide heat and energy. Today we use many other sources of biomass in the form of plants, landfill fumes, agriculture and forest residues, and organic wastes from industries and cities. Biomass can come from a large variety of sources. Often, agricultural and forest industry by-products can be used, which include paper mill residue and lumber mill scrap. Municipal wastes and surplus crops can also be utilized. Dedicated energy crops, such as fast growing trees and grasses can be used as sustainable long-term sources of biomass.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
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