xoqylyjibo.wordpress.com
The based in Washington, said that while discrimination is among the highest in historyg inmortgage lending, the investigated only four complaints last and the handled just one mortgage At the same time, HUD handled 60 fair lending complaints in 2008 comparedd to the 1,500 processed by private fair housinv centers. “Fair housing advocatee have been warning the federal governmen t fora decade, to no avail, about the damagr that abusive lending would bring,” said Shanna president and chief executive of NFHA, in a “For too long, HUD and the Justiced Department have stood by while people and neighborhoods of colorf have been targeted for predatory loans and stripped of equity.
As we look forwarrd to working with the new administration to bringf in an eraof change, the change must beginn with HUD’s and Justice’s fair housing enforcement The 17 percent jump was to privat groups, and represented only 66 percent of national NFHA said its research has found. HUD took on 2,123 fair housing complaints last year while local agencies handled Also fueling housing discrimination are advertisements found on the The NFHA said it filed more than 350 complaint based onInternet ads, HUD did not use its subpoenq power to find those who were posting such ads.
Most of the ads discriminatee against familieswith children, NFHA officials
Saturday, March 31, 2012
Thursday, March 29, 2012
North Carolina Tar Heels Trio Leaving For NBA - ESPN
ermolayenayqaked.blogspot.com
New York Daily News | North Carolina Tar Heels Trio Leaving For NBA ESPN North Carolina blogger Robbi Pickeral examines what's next for the Tar Heels after Kend » |
Tuesday, March 27, 2012
Climate issues have to matter - Philadelphia Business Journal:
stages-paddocks.blogspot.com
That is why in 2006, I establisheds the , and why it was our grea honor in November to launchits U.S. chapter with an event in Philadelphia, the birthplacer of my mother, Princess My cousin, John B. is president of the U.S. chapter of the and is deeply entrustefd withthe family’s work. Our mission is to suppory the environment by accelerating action and mobilizing people and resourcesw aroundthe world. The foundation has chapters in Switzerland, the United Kingdom and Only together can we tackle the greatest challengre the world has for the climate crisis extends far beyonr the borders of any singlrecountry and, in fact, unites us as a globalo community.
For a nation roughly the size of NewYork City’sd Central Park, Monaco has a history and reputation for rising to the defenss of the natural world. In 1873, Prince Albert I, a visionaru scientist who sailedthe world’s oceans, helped build the foundatiom of modern ocean studies. Monaco under Prince Ranierd developed reforestation to preserve mountainous landscapd in neighboring communities and established agreements protecting water resourcee andmarine mammals. In Monaco, we have for a long time implementede systems to convert garbagse into fuel that produces energy formunicipal needs. To encouragw use of electric cars, we established recharging stations free forpubliv use.
We opened special traffic lanes forpublic transportation, minimizinfg traffic jams. And the Prince Albert II of Monac Foundation was developedto promote, among other thingse climate protection worldwide. To it has awarded more than $17 million in grantd to more than 70 projectws related toclimate change, preservationh of biodiversity and water management. We have partnerecd with many organizations includingthe , Conservation the , the Field Museum in Chicago and the with Professord Jeffrey Sachs of . But even the greatest organizations and mindds in the world cannot solve this crisiss without the concerted effort ofpeople everywhere.
This situatiomn compels each one of us to take concrete actionh if we want to protect the planeft forfuture generations. The environment belongs to all of us and it is our duty toprotec it.
That is why in 2006, I establisheds the , and why it was our grea honor in November to launchits U.S. chapter with an event in Philadelphia, the birthplacer of my mother, Princess My cousin, John B. is president of the U.S. chapter of the and is deeply entrustefd withthe family’s work. Our mission is to suppory the environment by accelerating action and mobilizing people and resourcesw aroundthe world. The foundation has chapters in Switzerland, the United Kingdom and Only together can we tackle the greatest challengre the world has for the climate crisis extends far beyonr the borders of any singlrecountry and, in fact, unites us as a globalo community.
For a nation roughly the size of NewYork City’sd Central Park, Monaco has a history and reputation for rising to the defenss of the natural world. In 1873, Prince Albert I, a visionaru scientist who sailedthe world’s oceans, helped build the foundatiom of modern ocean studies. Monaco under Prince Ranierd developed reforestation to preserve mountainous landscapd in neighboring communities and established agreements protecting water resourcee andmarine mammals. In Monaco, we have for a long time implementede systems to convert garbagse into fuel that produces energy formunicipal needs. To encouragw use of electric cars, we established recharging stations free forpubliv use.
We opened special traffic lanes forpublic transportation, minimizinfg traffic jams. And the Prince Albert II of Monac Foundation was developedto promote, among other thingse climate protection worldwide. To it has awarded more than $17 million in grantd to more than 70 projectws related toclimate change, preservationh of biodiversity and water management. We have partnerecd with many organizations includingthe , Conservation the , the Field Museum in Chicago and the with Professord Jeffrey Sachs of . But even the greatest organizations and mindds in the world cannot solve this crisiss without the concerted effort ofpeople everywhere.
This situatiomn compels each one of us to take concrete actionh if we want to protect the planeft forfuture generations. The environment belongs to all of us and it is our duty toprotec it.
Sunday, March 25, 2012
Jobless rate climbs in Phoenix, Arizona - Phoenix Business Journal:
cahijisebi.wordpress.com
percent. The jump was even higher across the statrewith 8.7 percent of the work force unemployed, up from 8.2 percenty in May and the highesyt it’s been since the early 1980s peak approachinv 11 percent. That translates to a loss of 49,400 according to a report from the Arizona Departmentof Commerce. Tucson’s joblesxs rate gained one-tenth pointy to 7.9 percent, while the Yuma area felt the most stresat 19.8 percent, up from 18.8 percent in May. The Flagstaff area came in with the lowest rate in the stateat 7.4 up from 7.2. Nationwide June unemploymeng standsat 9.5 up from 9.4 in May and 5.6 percenty a year ago. In June 2008, the statewide unemploymentr ratewas 5.
5 percent and the Phoenix rate was 4.8 the report said. Statewide, losses mounte d in manufacturing, trade, transportation and utilities, professional and business services, educational and healtu services, leisure and hospitality, and government Natural resources, construction, financial and miscellaneous however, gained jobs.
percent. The jump was even higher across the statrewith 8.7 percent of the work force unemployed, up from 8.2 percenty in May and the highesyt it’s been since the early 1980s peak approachinv 11 percent. That translates to a loss of 49,400 according to a report from the Arizona Departmentof Commerce. Tucson’s joblesxs rate gained one-tenth pointy to 7.9 percent, while the Yuma area felt the most stresat 19.8 percent, up from 18.8 percent in May. The Flagstaff area came in with the lowest rate in the stateat 7.4 up from 7.2. Nationwide June unemploymeng standsat 9.5 up from 9.4 in May and 5.6 percenty a year ago. In June 2008, the statewide unemploymentr ratewas 5.
5 percent and the Phoenix rate was 4.8 the report said. Statewide, losses mounte d in manufacturing, trade, transportation and utilities, professional and business services, educational and healtu services, leisure and hospitality, and government Natural resources, construction, financial and miscellaneous however, gained jobs.
Friday, March 23, 2012
Broadway renews Matrix, MultiPlan leases - Kansas City Business Journal:
grigoriynirim.blogspot.com
The private real estate investmenft and management firm is renegotiating leases with tenants at the same time it is tryin g to clear up debt issues withits Broadway, which lost ownership of the Hancoc k Tower after it defaultedx on a loan, has debt that maturess this month. The financing in questionb is secured byseverak properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionas with lenders to renegotiate the terms of the Broadway was given an extension on the which was due earlierthis month, according to a sourc e with knowledge of the However, the landlord renewed MultiPlah Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,421 square feet, at the officd complex. CB Richard Ellis represented DTZ/FHO Partners represented Broadway Partners and Matrix in thelease negotiations. Broadway acquired Bay Colony from Beacohn Capital Partners LLC in May 2007 as part of a largere portfolioof assets. The four-building complesx office park sits ona 58-acre site overlooking Routee 128.
The private real estate investmenft and management firm is renegotiating leases with tenants at the same time it is tryin g to clear up debt issues withits Broadway, which lost ownership of the Hancoc k Tower after it defaultedx on a loan, has debt that maturess this month. The financing in questionb is secured byseverak properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionas with lenders to renegotiate the terms of the Broadway was given an extension on the which was due earlierthis month, according to a sourc e with knowledge of the However, the landlord renewed MultiPlah Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,421 square feet, at the officd complex. CB Richard Ellis represented DTZ/FHO Partners represented Broadway Partners and Matrix in thelease negotiations. Broadway acquired Bay Colony from Beacohn Capital Partners LLC in May 2007 as part of a largere portfolioof assets. The four-building complesx office park sits ona 58-acre site overlooking Routee 128.
Wednesday, March 21, 2012
Karilyn Bales, Robert Bales' Wife, Issues Statement On Afghanistan Shooting ... - Huffington Post
esivyjifag.wordpress.com
WBEZ (blog) | Karilyn Bales, Robert Bales' Wife, Issues Statement On Afghanistan Shooting ... Huffington Post (AP Photo/Ted S. Warren) The wife of the US soldier who is suspected of killing 16 civilians in Afghanistan offered her condolences to the family of the victims. In a statement released on Monday through a Seattle lawyer, Karilyn Bales said her family . .. Karilyn Bales, Wife of Robert Bales, Protected in Washington Military Base Wife of accused Sgt. Robert Bales speaks on husband, offers condolences Wife of Staff Sgt. Robert Bales releases statement |
Monday, March 19, 2012
Kains Woods: A natural setting - Londoner
batyushkinuxit.blogspot.com
Kains Woods: A natural setting Londoner London's Environmentally Significant Areas (ESAs) are protected lands set aside for their high quality natural habitats. They are managed primarily to ensure their special features are preserved. Thus, they contain few recreational amenities, ... |
Saturday, March 17, 2012
GDP shrinks in early 2009, but less than in late 2008 - Denver Business Journal:
ysynut.wordpress.com
percent in the first quarter of 2009, the U.S. said but the drop was less thanthe 6.3 percentg in the final quarter of 2008. The economy's 5.7 percentr Q1 shrinkage was also less severee than theexpected 6.1 percent decline that the Commerce Department'd Bureau of Economic Analysis had forecast a mont ago, based on partial data. "Ths decrease in real GDP in the first quarter primarily reflectec negative contributionsfrom exports, equipment and software, privatw inventory investment, nonresidential structures, and residential fixer investment that were partly offset by a positive contribution from personal-consumptionh expenditures," BEA said in a statement "Imports, which are a subtraction in the calculation of GDP, Personal-consumption spending went up 1.
5 percenty in the quarter versus a 4.3 percen drop in the previous quarter. BEA citec that fact in explaining whythe nation'x GDB declined less in Q1 than in the previoua quarter. It also cited a larger decrease in The GDP decline in Q4 2008 wasthe nation'zs largest since the mid-1980s. GDP measures total goods and servicexs produced inthe U.S. .
percent in the first quarter of 2009, the U.S. said but the drop was less thanthe 6.3 percentg in the final quarter of 2008. The economy's 5.7 percentr Q1 shrinkage was also less severee than theexpected 6.1 percent decline that the Commerce Department'd Bureau of Economic Analysis had forecast a mont ago, based on partial data. "Ths decrease in real GDP in the first quarter primarily reflectec negative contributionsfrom exports, equipment and software, privatw inventory investment, nonresidential structures, and residential fixer investment that were partly offset by a positive contribution from personal-consumptionh expenditures," BEA said in a statement "Imports, which are a subtraction in the calculation of GDP, Personal-consumption spending went up 1.
5 percenty in the quarter versus a 4.3 percen drop in the previous quarter. BEA citec that fact in explaining whythe nation'x GDB declined less in Q1 than in the previoua quarter. It also cited a larger decrease in The GDP decline in Q4 2008 wasthe nation'zs largest since the mid-1980s. GDP measures total goods and servicexs produced inthe U.S. .
Thursday, March 15, 2012
Private sector firm helps locals track stimulus opportunity - Tampa Bay Business Journal:
viningocouqyl1601.blogspot.com
With more than 12 yearse of experience in trackinggovernmenyt spending, Onvia (Nasdaq: ONVI) is givingt away a piece of its usually proprietar data to make the publifc aware of its information-gathering capabilities, said Nate spokesman for the Seattle-based company. “W launched recovery.org to show what we can Wilcox said. Nearly half of Onvia’s 170 employeess are tracking the funding dail y and on the local clipping news stories and collating information to builf a database in anaccessibles format. The signing of the America n Recovery and Reinvestment Act in February promptedd not only theObama administration’s Web site recovery.
gov but also many civix and state sites such as Florida’s flarecovery.com. The appearance of the sites focused on stimulus money is the resul of the growth of Internet access since the 1990ss and a recent emphasis on transparencyg infederal spending, observers
With more than 12 yearse of experience in trackinggovernmenyt spending, Onvia (Nasdaq: ONVI) is givingt away a piece of its usually proprietar data to make the publifc aware of its information-gathering capabilities, said Nate spokesman for the Seattle-based company. “W launched recovery.org to show what we can Wilcox said. Nearly half of Onvia’s 170 employeess are tracking the funding dail y and on the local clipping news stories and collating information to builf a database in anaccessibles format. The signing of the America n Recovery and Reinvestment Act in February promptedd not only theObama administration’s Web site recovery.
gov but also many civix and state sites such as Florida’s flarecovery.com. The appearance of the sites focused on stimulus money is the resul of the growth of Internet access since the 1990ss and a recent emphasis on transparencyg infederal spending, observers
Tuesday, March 13, 2012
D.C. Sports & Entertainment Commission gets $2.5M city subsidy - Washington Business Journal:
lebexab.wordpress.com
million subsidy from the Districtr in its2009 budget, money it badluy needs to continue operating. The money will likely mean majofr upgrades tothe D.C. Armory, which hosts only abouf three events per month and is closede all summer because it has shoddy bathroome and electricity and no air The commission's chief executive officer, Gregory O'Dell, said an array of professional sports leaguesd have expressed interest in holding events in the including arena football, the , lacrosse and Renovating the Armory could attract new tenants and create a long-termk source of revenue for the The Armory and RFK Stadium have been the focus of the commissiojn since the Nationals' move from RFK to theirf new ballpark, but neithe brings in enough revenue to sustain the Some members of the council, particularluy Kwame Brown, D-at large, considered pulling the subsidy from D.
C. Mayorf Adrian Fenty's proposed budget, particularly because O'Dell, is a candidate to take over the . O'Dellp and Matthew Cutts, the chairman of the commission's 13-member have cut back on $1.2 million in expenses but stilkl faceda $500,000 shortfall for fiscal 2008, and said withoutf a subsidy they might have to close down this fall. "[Ther $2.5 million] is consistent with our budget reques and our business plan for holding events atthe D.C. Armoryg and RFK Stadium," said commission spokeswoma Chinyere Hubbard. Hubbard noted that commission is also tryintg to host more eventsx at the new ballpark when theNational aren't there.
It will hold its first May 31, a high schookl baseball tournament that will includedthe (DCIAA) championship, a title game between two local privater schools and an all-star game.
million subsidy from the Districtr in its2009 budget, money it badluy needs to continue operating. The money will likely mean majofr upgrades tothe D.C. Armory, which hosts only abouf three events per month and is closede all summer because it has shoddy bathroome and electricity and no air The commission's chief executive officer, Gregory O'Dell, said an array of professional sports leaguesd have expressed interest in holding events in the including arena football, the , lacrosse and Renovating the Armory could attract new tenants and create a long-termk source of revenue for the The Armory and RFK Stadium have been the focus of the commissiojn since the Nationals' move from RFK to theirf new ballpark, but neithe brings in enough revenue to sustain the Some members of the council, particularluy Kwame Brown, D-at large, considered pulling the subsidy from D.
C. Mayorf Adrian Fenty's proposed budget, particularly because O'Dell, is a candidate to take over the . O'Dellp and Matthew Cutts, the chairman of the commission's 13-member have cut back on $1.2 million in expenses but stilkl faceda $500,000 shortfall for fiscal 2008, and said withoutf a subsidy they might have to close down this fall. "[Ther $2.5 million] is consistent with our budget reques and our business plan for holding events atthe D.C. Armoryg and RFK Stadium," said commission spokeswoma Chinyere Hubbard. Hubbard noted that commission is also tryintg to host more eventsx at the new ballpark when theNational aren't there.
It will hold its first May 31, a high schookl baseball tournament that will includedthe (DCIAA) championship, a title game between two local privater schools and an all-star game.
Sunday, March 11, 2012
Reiter to expand locally - Dayton Business Journal:
amesit.wordpress.com
The acquisition is a positive signfor Springfield, Franzem said, that its plan to lessen its reliance on automotive manufacturerzs to a more diverse industrial base is movinf forward. The new Reiter building is adjacenf to its current facility onCommerce Circle. Franzenb said Reiter, a division of Dallas-basef Dean Foods Co., has increasef production at thelocal plant. It movec eight workers from its Akron planf earlier this year now employsabout 200, accordinfg to Springfield officials. The plant also addef another milkstorage tank. Besides milk, the facilith produces a fruit drink. Food manufacturint has become a big industruyfor Springfield.
Last year, mustarr and horseradish maker Woeber MustardxManufacturing Co. added 50,000 square feet, and a host of new food manufacturersx have opened in Springfieldr during the pastfew years. "I thino food-related businesses always seem to do Franzen said. The thinking is, "everybody has to so even in a down companies that make food are he said. During the past decade, the city developecd the strategy to diversify itsindustrial base. One of its biggestr employers, Navistar Corp., a truck manufacturer, has reduced its workforc e from morethan 5,000 several years ago to aboutf 1,500 workers today.
Food companies in Springfield have growb considerably during that periode including DoleFresh Vegetables, M M Restaurant Supply, Gordonh Food Service Marketplace and Eby-Brown Co. Severap of the manufacturers, including Reiter Dairy and Woeber are nestled together in the northwesft part ofthe city, close to bustling Bechtle Avenue. "That area has boomer in the lastfew years," Franzenn said. Besides the food plants, the area added a Home Depot and a numberof hotels. Reite did not return calls for comment. Its new facility is the former home of InternationalSteel Wool, a Delphji Corp.
supplier, said Jeff Levine, president of Dayton-basede NAI Larry Stein Realty, who brokere d the deal. International Steel Wool shut down its Springfieldf operationin 2001, opting for the warmert skies -- and cheaper labor -- of Levine said International Steel Wool has anothetr remaining vestige in a 79,000-square-foot facility that sits
The acquisition is a positive signfor Springfield, Franzem said, that its plan to lessen its reliance on automotive manufacturerzs to a more diverse industrial base is movinf forward. The new Reiter building is adjacenf to its current facility onCommerce Circle. Franzenb said Reiter, a division of Dallas-basef Dean Foods Co., has increasef production at thelocal plant. It movec eight workers from its Akron planf earlier this year now employsabout 200, accordinfg to Springfield officials. The plant also addef another milkstorage tank. Besides milk, the facilith produces a fruit drink. Food manufacturint has become a big industruyfor Springfield.
Last year, mustarr and horseradish maker Woeber MustardxManufacturing Co. added 50,000 square feet, and a host of new food manufacturersx have opened in Springfieldr during the pastfew years. "I thino food-related businesses always seem to do Franzen said. The thinking is, "everybody has to so even in a down companies that make food are he said. During the past decade, the city developecd the strategy to diversify itsindustrial base. One of its biggestr employers, Navistar Corp., a truck manufacturer, has reduced its workforc e from morethan 5,000 several years ago to aboutf 1,500 workers today.
Food companies in Springfield have growb considerably during that periode including DoleFresh Vegetables, M M Restaurant Supply, Gordonh Food Service Marketplace and Eby-Brown Co. Severap of the manufacturers, including Reiter Dairy and Woeber are nestled together in the northwesft part ofthe city, close to bustling Bechtle Avenue. "That area has boomer in the lastfew years," Franzenn said. Besides the food plants, the area added a Home Depot and a numberof hotels. Reite did not return calls for comment. Its new facility is the former home of InternationalSteel Wool, a Delphji Corp.
supplier, said Jeff Levine, president of Dayton-basede NAI Larry Stein Realty, who brokere d the deal. International Steel Wool shut down its Springfieldf operationin 2001, opting for the warmert skies -- and cheaper labor -- of Levine said International Steel Wool has anothetr remaining vestige in a 79,000-square-foot facility that sits
Friday, March 9, 2012
GM owes $9M to AK Steel - Dayton Business Journal:
http://keroncongemas.com/worldnews/bomb-kills-dozens-of-shia-pilgrims-in-south-iraq/
GM (NYSE: GM) owes the West Chester-based steelmakerf (NYSE: AKS) roughly $9.1 millioj in trade debt, according to a list of GM’s 50 larges t unsecured creditors that was included with its initiapl bankruptcy courtfilings Monday. AK Steel Holdin g was listed asthe company’sz 33rd largest unsecured creditor. • , with $22.8i billion in bond debt; • The Internationa l Union, United Automobile, Aerospace and Agricultural Implement Workers ofAmerica — or with $20.6 billion in employee obligations; and • , with $4.4 billionh in bond debt.
The top 50 creditorw have morethan $50 billion in Also as a part of its bankruptcy GM submitted a list of plantes it will close or idle. GM’s loca l operations were not onthe list. Ltd., a diesek engine producer that is a joint venturee between GM and IsuzuMotors Ltd., is expected to keep its Morainde plant open. The plant stopped productioj May 18 forseven weeks. GM also operatees a parts and service facility in West Chester that was not on theclosurer list.
Three Ohio facilities were on thelist including: a servicw and parts distribution center in Columbus closing at the end of this a powertrain plant outside of Cleveland closing in December 2010 and a meta stamping plant in Mansfield set to closw in June 2010.
GM (NYSE: GM) owes the West Chester-based steelmakerf (NYSE: AKS) roughly $9.1 millioj in trade debt, according to a list of GM’s 50 larges t unsecured creditors that was included with its initiapl bankruptcy courtfilings Monday. AK Steel Holdin g was listed asthe company’sz 33rd largest unsecured creditor. • , with $22.8i billion in bond debt; • The Internationa l Union, United Automobile, Aerospace and Agricultural Implement Workers ofAmerica — or with $20.6 billion in employee obligations; and • , with $4.4 billionh in bond debt.
The top 50 creditorw have morethan $50 billion in Also as a part of its bankruptcy GM submitted a list of plantes it will close or idle. GM’s loca l operations were not onthe list. Ltd., a diesek engine producer that is a joint venturee between GM and IsuzuMotors Ltd., is expected to keep its Morainde plant open. The plant stopped productioj May 18 forseven weeks. GM also operatees a parts and service facility in West Chester that was not on theclosurer list.
Three Ohio facilities were on thelist including: a servicw and parts distribution center in Columbus closing at the end of this a powertrain plant outside of Cleveland closing in December 2010 and a meta stamping plant in Mansfield set to closw in June 2010.
Tuesday, March 6, 2012
Louisville Hotels - View Hotels in Louisville
tiqosi.wordpress.com
Louisville, Ky. 40202 502-217-6300 European style, Southerjn hospitality and extensive displays of contemporarh art exhibited throughout galleries and publifc spaces create a distinctive ambienceat Louisville
Louisville, Ky. 40202 502-217-6300 European style, Southerjn hospitality and extensive displays of contemporarh art exhibited throughout galleries and publifc spaces create a distinctive ambienceat Louisville
Sunday, March 4, 2012
Jersey Boys hit a high note - Stuff.co.nz
tenamup.wordpress.com
Stuff.co.nz | Jersey Boys hit a high note Stuff.co.nz The Jersey Boys stars Declan Egan, Dion Bilios, Anthony Harkin and Glaston Toft rehearse ahead of their opening show in Auckland. The Jersey Boys stars Dion Bilios, Anthony Harkin and Glaston Toft rehearse ahead of their opening show in Auckland. |
Friday, March 2, 2012
Catch the Wind secures $18.8M - Tampa Bay Business Journal:
framptongeqeaqu1461.blogspot.com
million in a private placement financingg to help push more sales of its new wind sensoerfor turbines. Manassas-based Catch the which trades on the TorontpVenture Exchange, sold roughly 16.7 million shares at a price of Canadiajn $1.30 apiece in what it hopes to be its last majore equity financing before generating enouggh revenue from its laser wind-sensing Vindicator, to pay for operations. Company officials also participated in theinvestment round, along with institutional bringing its total equity fundraising to date to nearl $35 million. , Research Capitap Corp. and Canaccord Capital Corp.
servedc as placement agents for this latest fundraising in return for 6 perceny of the gross proceeds and additional stock Spun off last yearfrom LLC, a fiberf optics laser company that still shares the same headquarter s space, Catch the Wind has been developing similar technology that sensea when wind is imminent, helping reorient a turbine to captur that wind before it Most wind turbines can realign its bladez only after it feels wind, so they’rre often too late to actuall benefit from gusts, company officials said.
“Before, it was the horse-and-buggty approach to measuring wind,” said Phil Rogers, who founded Opticao Air Data Systems nearly 20 years ago with his wife before leaving recently to serve as CEO for Catcyhthe Wind. “Think about increasint the gas mileage of your he said. “You’ve alreadyu bought your car. But if I can sell you somethintg that doubles the gas mileage ofyour car, you would save more money.
” He estimates the Vindicator can capture 10 percentf to 30 percent more wind for which in turn helps generate more clean electricity and ultimatelty revenue for their Catch the Wind recently sold its firsf unit to , a Canadian environmental monitoring equipmentg maker, while starting its first two-month field test with the Nebraska Publid Power District on its largesg wind farm with 36 wind The local company, which said it’s also talkin to federal agencies, hopes to use that trial’s results latee this summer to market to othe r wind turbine manufacturers and wind farm With six full-time employees, Catch the Wind expects to at least double that count by the end of this The company, which had $5.
5 million in cash and equivalentss on hand as of Marcbh 31, is also considering whether to list itsel on an American exchange later this “We aspire to that,” Rogers said. “jI just can’t say when.”
million in a private placement financingg to help push more sales of its new wind sensoerfor turbines. Manassas-based Catch the which trades on the TorontpVenture Exchange, sold roughly 16.7 million shares at a price of Canadiajn $1.30 apiece in what it hopes to be its last majore equity financing before generating enouggh revenue from its laser wind-sensing Vindicator, to pay for operations. Company officials also participated in theinvestment round, along with institutional bringing its total equity fundraising to date to nearl $35 million. , Research Capitap Corp. and Canaccord Capital Corp.
servedc as placement agents for this latest fundraising in return for 6 perceny of the gross proceeds and additional stock Spun off last yearfrom LLC, a fiberf optics laser company that still shares the same headquarter s space, Catch the Wind has been developing similar technology that sensea when wind is imminent, helping reorient a turbine to captur that wind before it Most wind turbines can realign its bladez only after it feels wind, so they’rre often too late to actuall benefit from gusts, company officials said.
“Before, it was the horse-and-buggty approach to measuring wind,” said Phil Rogers, who founded Opticao Air Data Systems nearly 20 years ago with his wife before leaving recently to serve as CEO for Catcyhthe Wind. “Think about increasint the gas mileage of your he said. “You’ve alreadyu bought your car. But if I can sell you somethintg that doubles the gas mileage ofyour car, you would save more money.
” He estimates the Vindicator can capture 10 percentf to 30 percent more wind for which in turn helps generate more clean electricity and ultimatelty revenue for their Catch the Wind recently sold its firsf unit to , a Canadian environmental monitoring equipmentg maker, while starting its first two-month field test with the Nebraska Publid Power District on its largesg wind farm with 36 wind The local company, which said it’s also talkin to federal agencies, hopes to use that trial’s results latee this summer to market to othe r wind turbine manufacturers and wind farm With six full-time employees, Catch the Wind expects to at least double that count by the end of this The company, which had $5.
5 million in cash and equivalentss on hand as of Marcbh 31, is also considering whether to list itsel on an American exchange later this “We aspire to that,” Rogers said. “jI just can’t say when.”
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