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FTEK, CVU, CVM, SYRG - CRWESelect.com Stock News! Fuel-Tech, CPI...
FTEK, CVU, CVM, SYRG - CRWESelect.com Stock News! Fuel-Tech, CPI Aerostructures, CEL-SCI Corporation, Synergy Resources Corporation (Video Included Inside)
December 26, 2011 Investment news in Las Vegas,Nevada, United States of America
(Fuel-Tech, Inc. announced receipt of multiple air pollution control orders totaling $10.5 million)
FOR IMMEDIATE RELEASE
Las Vegas,
Nevada,
United States of America
(Free-Press-Release.com) December 26, 2011 --
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Fuel-Tech, Inc. (NASDAQ:FTEK)
FTEK previously announced receipt of multiple air pollution control orders totaling $10.5 million.
“The SNCR orders were placed to meet the requirements of the Cross-State Air Pollution Rule (CSAPR), which calls for greater reductions in domestic NOx emissions beginning January 1, 2012. As the CSAPR regulatory landscape continues to evolve, it is our goal to work with our customers to understand their emission control needs and deliver a range of product solutions that serve those needs in a timely and cost-effective manner. Given the current timeline for CSAPR compliance and the start of NOx allowance trading programs, we anticipate additional APC orders over the next several quarters,” stated Chairman, President and Chief Executive Officer Douglas G. Bailey.
FTEK previously reported revenues for the third quarter 2011 totaled $24.0 million, an increase of $3.7 million, or 19%, compared to $20.3 million in the prior-year period. In addition, FTEK reported revenues for the nine months ended September 30, 2011 totaled $65.7 million, representing an increase of $8.9 million, or 16% from the comparable prior-year period amount of $56.8 million.
FTEK is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.
For more information about FTEK please visit http://www.ftek.com
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CPI Aerostructures, Inc. (AMEX:CVU) previously announced that it has completed the move to a new 171,000 square foot facility, located at 91 Heartland Boulevard, Edgewood, New York two weeks ahead of schedule. The new location, which is nearly three times the size of the former one, is being used as the Company’s assembly facility, principal offices and corporate headquarters.
CPI Aerostructures, Inc. engages in the contract production of structural and other aircraft parts for prime defense contractors, the United States Air Force, and other branches of the armed forces.
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CEL-SCI Corporation (AMEX:CVM) previously reported financial results for the fiscal year ended September 30, 2011. CEL-SCI’s net loss available to common shareholders for the fiscal year 2011 was ($26.8) million, or ($0.13) per share, versus an income of $8.9 million, or $0.04 per share for the fiscal 2010 year. CEL-SCI reported an operating loss of ($17,986,000) in fiscal year 2011 versus an operating loss of ($18,560,000) in fiscal year 2010. The change in net income available to common shareholders in fiscal year 2011 was primarily due to a reduction of the gain on derivative instruments of $24.4 million from 2010, and a $12 million one-time expense for the settlement of a lawsuit.
CEL-SCI Corporation is dedicated to research and development directed at improving the treatment of cancer and other diseases by utilizing the immune system, the body's natural defense system.
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Synergy Resources Corporation (AMEX:SYRG) recently announced the closing of its previously announced underwritten public offering of common stock at a public offering price of $2.75 per share. The underwriters purchased a total of 12,727,273 shares of common stock, resulting in net proceeds to Synergy Resources of approximately $32.6 million, after underwriting discounts and commissions and other offering expenses. Synergy Resources intends to use the net proceeds from the offering for its development drilling program in the Wattenberg Field. Any amount of the net proceeds of this offering not used for its development drilling program will be used for general corporate purposes.
Synergy Resources Corporation is a domestic oil and natural gas exploration and production company.
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