 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Deli Solar USA Raises Another Round Of Private Financing
New York NY (SPX) Jun 21, 2007 Deli Solar, a substantial seller of hot water and space heating devices in the People's Republic of China ("PRC"), has announced that on June 14, 2007 it raised $2.75 million in a private placement from the sale of Series A Preferred Stock and Warrants with Barron Partners L.P. as the lead investor investing $2.55 million. The investors purchased an aggregate of (i) 1,774,194 shares of Series A Preferred Stock (ii) five year warrants to purchase 1,774,194 shares of Common Stock with an exercise price $1.90 per share, and (iii) five year warrants to purchase an additional 1,774,194 shares of Common Stock at an exercise price of $2.40 per share. Each share of Series A Preferred Stock is convertible into one share of Common Stock, subject to adjustment. Additional shares of Series A Preferred Stock (not to exceed 900,000) are required to be issued to the investors in the event that the Company fails to achieve certain income targets for the fiscal years ended December 31, 2007 and 2008. Deli Solar (USA), Inc. is a domestic holding company owning all the equity capital of Bazhou Deli Solar Energy Heating Co. Ltd. and Beijing Deli Solar Technology Development Co., Ltd., located in the People's Republic of China. It is a substantial seller of hot water and space heating devices to customers in the PRC. Related Links Deli Solar All About Solar Energy at SolarDaily.com
SatCon Photovoltaic Inverters Installed At 1 MW SolarCraft Site
Boston MA (SPX) Jun 20, 2007SatCon Technology Corporation, a developer of power management and system architecture solutions for the alternative energy and distributed power markets today announced that its PowerGate commercial grade inverters have been installed as an integral part of a SolarCraft installed 1.1 Megawatt solar energy system at Paramount Farms, Inc., the world's largest vertically integrated supplier of pistachios and almonds. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
