latest news releases from the newsroom
Hybrid Coating Technologies Inc.
EPOD Secures 350 Kilowatt Solar Farm Installation Generating Total Aggregate Revenue of $5 Million Over 20 Years
RENO, Nev., Sept. 19, 2007 (PRIME NEWSWIRE) -- EPOD International Inc. (the "Company," "EPOD") (Pink Sheets:EPOI) (Frankfurt:EDU), a Grid-Integrated, eco-power utility and electric power systems provider, has secured a 350 kilowatt solar farm installation in Falkenau, Germany. EPOD expects the installation to be complete by the end of November. Under German law, EPOD will receive approximately $0.65 per kilowatt hour of solar electricity produced over the next 20 years, which represents total aggregate revenue of $5 million. EPOD plans to continue to secure additional installation sites as part of its overall recurring revenue model.
SYSCO Takes Produce Safety Requirements to a Higher Level
HOUSTON, Sept. 19, 2007 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, today unveiled an innovative program to extend real-time food safety data to the non-SYSCO brand produce the company offers. SYSCO's self-imposed requirement, which has always been in place for SYSCO and FreshPoint branded products, should reassure customers that they are purchasing products only from growers and shippers who have implemented stringent food safety and traceability processes.
SYSCO Declares 151st Consecutive Quarterly Dividend
HOUSTON, Sept. 19, 2007 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.19 per share, payable on October 26, 2007, to common shareholders of record at the close of business on October 5, 2007.
Oriens Travel & Hotel Management Corp.
Oriens to Enter the Travel and Tourism Industry in China
LAS VEGAS, Sept. 19, 2007 (PRIME NEWSWIRE) -- Oriens Travel and Hotel Management Corp. ("Oriens") (Pink Sheets:OTHM) (http://www.orienscorp.com) is pleased to announce the completion of the acquisition of www.128trip.com ("128trip"), a privately held company, which developed and operates an internet-based travel reservations and sales businesses for clients throughout the world.
Cambridge Display Technology
Sumitomo Chemical Company Completes Acquisition of Cambridge Display Technology for $12 per Share
TOKYO and CAMBRIDGE, England, Sept. 19, 2007 (PRIME NEWSWIRE) -- Sumitomo Chemical Company (Sumitomo Chemical) and Cambridge Display Technology Inc. (Nasdaq:OLED) (CDT), a developer of technologies based on polymer organic light emitting diodes (P-OLEDs), today jointly announced that Sumitomo Chemical has completed its $285 million acquisition of CDT, by means of a merger between CDT and a wholly owned subsidiary of Sumitomo Chemical. The merger consideration represents a 107 percent premium over CDT's 90-day average closing share price and a 95 percent premium over CDT's closing share price of $6.15 on July 30, the last trading day prior to first public announcement of the acquisition.