(RADA, CLNO, KUTV, TITN) Stock in Review by DrStockPick.com
Monday, October 3rd, 2011RADA Electronic Industries Ltd. (Nasdaq:RADA) announced that its advanced, Fiber-Optic-Gyro (FOG) based Embedded GPS-INS (EGI) has been selected by an undisclosed European leading radar provider to be integrated into its Synthetic Aperture Radar (SAR) development program. The EGI will provide the SAR with enhanced capabilities and performance.
Rada Electronic Industries Ltd. engages in the development, manufacture, and sale of defense electronics to government agencies and authorities, government-owned companies, and integrators in Israel, Asia, North America, South America, Latin America, and Europe.
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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.
Biomass utilizes organic matter like animal and plant waste, and thus reduces the area required by landfills, thereby reducing all environmental impacts caused by landfills. Biomass energy protects the forests from forest fires as wood harvesting from forest has a positive impact on the health of the forest. Air pollution and acid rain is reduced as biomass energy reduces forest fires and the resultant emission of nitrogen and sulfur compounds.
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 more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
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Ku6 Media Co., Ltd. (Nasdaq:KUTV) announced that it agreed to redeem senior convertible bonds of US$50,000,000 from Shanda Interactive Entertainment Limited (Nasdaq:SNDA) (”Shanda”).
Ku6 Media Co., Ltd. operates as an online video company in the People’s Republic of China. It operates ku6.com, an online video portal that provides a video platform for sharing and watching user-generated contents, as well as offers online video news, reports, and other interactive entertainment programs for its users.
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Titan Machinery, Inc. (Nasdaq:TITN) announced that it has entered into a definitive agreement to acquire Jewell Implement Company, Inc., a Case IH agriculture equipment dealership located in Jewell, Iowa. The acquisition is expected to close on or around November 1, 2011.
Titan Machinery Inc., founded in 1980 and headquartered in West Fargo, North Dakota, is a multi-unit business with mature locations and newly-acquired locations.
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