Caterpillar Inc. (NYSE:CAT) announced that Gary Stroup, 62, has elected to retire following a distinguished career of more than 39 years with the company. Stroup has been a Caterpillar vice president since 1992, and currently has responsibility for the Large Power Systems Division. A replacement for Stroup will be named prior to the end of the year.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.
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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. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Biomass crops can reduce water pollution in a number of ways. Energy crops can be grown on more marginal lands, in floodplains, and in between annual crops areas. In all these cases, the crops stabilize the soil, thus reducing soil erosion. They also reduce nutrient run-off, which protects aquatic ecosystems. Their shade can even enhance the habitat for numerous aquatic organisms like fish. Furthermore, because energy crops tend to be perennials, they do not have to be planted every year. Since farm machinery spends less time going over the field, less soil compaction and soil disruption takes place. Another way biomass energy can reduce water pollution is by capturing the methane, through anaerobic digestion, from manure lagoons on cattle, hog and poultry farms.
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 CLNO, visit www.cleantechtransitinc.com
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Cummins Inc. (NYSE:CMI) announced the release of its 2010-11 Sustainability Report, which focuses on the Company’s efforts to build cleaner products and reduce the size of its own environmental footprint. In addition, the Company has updated its Sustainability Web site with all new stories on everything from Cummins’ environmental and community involvement efforts to its plans for growth in Africa and its initiatives to develop the next generation of Company leaders. The site includes videos on a variety of sustainability topics.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide.
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LeapFrog Enterprises, Inc. (NYSE:LF) announced that Randy O. Rissman, has joined the company’s board of directors effective on August 11, 2011. “Randy has more than 30 years of success in children’s gaming and entertainment, and will bring additional expertise to the company and the LeapFrog brand,” said William Chiasson, LeapFrog chairman. “His appointment comes at an exciting time as we continue to develop innovative high-quality products that provide engaging entertainment experiences incorporating proven educational curricula.”
LeapFrog Enterprises, Inc. provides technology-based learning platforms worldwide. It provides reading systems, such as the Tag reading system, a pen-based reading system that focuses on fundamental reading skills and offers a library of software-based books; and Tag Junior reading system used for the introduction of younger children to books and reading.
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