TranSwitch Corp. (Nasdaq:TXCC) announced that Company President and Chief Executive Officer, Ali Khatibzadeh and Vice President of Business Development, Ted Chung will present at the Midwest IDEAS Investor Conference on Wednesday, August 31, 2011, at the University of Chicago’s Gleacher Center in Chicago, Illinois. TranSwitch’s presentation is scheduled to begin at 1:55 p.m. CDT (2:55 p.m. EDT).
Transwitch Corporation designs, develops, and supplies semiconductor and intellectual property solutions for voice, data, and video communications equipment.
Tangoe, Inc. (Nasdaq:TNGO) announced financial results for its second quarter ended June 30, 2011. Revenue: Total revenue for the second quarter was $26.0 million, an increase of 56% on a year-over-year basis. Recurring technology and services revenue was $23.5 million, an increase of 69% on a year-over-year basis. Strategic consulting, licenses and other services contributed the remaining $2.5 million of total revenue for the second quarter of 2011.
Tangoe, Inc. provides on-demand communications lifecycle management (CLM) software and related services to enterprises, including large and medium-sized businesses and other organizations.
Sutron Corp. (Nasdaq:STRN) announced its financial results for the three months ended June 30, 2011. The second quarter ended June 30, 2011 was virtually break-even with a net loss of $21,372 or $.0 per share as compared to net income of $586,738 or $.13 per share in the second quarter in 2010 which was a record second quarter. Revenues for the second quarter ended June 30, 2011 were down 30 % to $3,848,508 as compared to $5,472,936 in the second quarter of 2010.
Sutron Corporation designs, manufactures, and markets products and solutions for the collection and monitoring of hydrological, meteorological, and oceanic data for the management of critical water resources and optimization of hydropower plants, as well as for warning of disastrous floods, storms, or tsunamis.
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. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
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.
Biomass is plant and animal materials that can be used to generate electricity and fuels. Biomass can be used for power generation in the electricity sector and for space heating in residential and commercial buildings. Biomass can also be used directly in the manufacturing of a variety of products and be converted to liquid forms for use as transportation fuels.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
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