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Honeywell (NYSE: HON) today announced third quarter 2009 sales of $7.7 billion, in line with expectations, versus $9.3 billion in the third quarter last year. Earnings were $0.80 per share compared to $0.97 per share in the third quarter of 2008. Third quarter 2009 EPS included the positive impact of lower than expected tax expense in the quarter of approximately $0.04, which the company expects to be offset on a full-year basis by a higher income tax rate in the fourth quarter of 2009. Cash flow from operations was $1,148 million versus $769 million last year, and free cash flow (cash flow from operations less capital expenditures) was $1,022 million versus $556 million in the third quarter of 2008. "Honeywell is positioning its businesses for long-term growth by continuing to invest in new products and services, geographic expansion, and key process initiatives,"... (more)

Gregs StorageIO Out and About Update

With the 2010 summer solstice having occurred in the northern hemisphere that means it is time for a quick out and about update. It has been a busy winter and spring in the office, on the road as well as at home. Some results of this recent activity have appeared in blog, on my web site as well as via other sites and venues. For example, activity or content ranges from Industry Trends and Perspectives white papers, reports, blogs, newsletter commentary, interviews, Internet TV, videos, web cast, pod casts (including several appearances on StorageMonkeys Infosmack as well as Rich Brambleys Virtumania), ask the expert (ATE) questions, twitter tweets, tips and columns. Then there were the many in person presentations, key note and seminar events, conferences, briefing sessions along with virtual conferencing and advisory consulting sessions (read and see more here). ... (more)

Desk-Side Supercomputing Is Poised to Revolutionize Automotive Design and Engineering

REDMOND, Wash., Aug. 9 /PRNewswire-FirstCall/ -- High-performance computing (HPC) -- once confined to CIA code-breaking and Pentagon war games before making inroads into large mainframe computer rooms at automotive companies -- is about to become as readily available to auto designers and engineers as laptop programs. Experts in the field declare the auto industry is entering a period of profound transformation, in which HPC capabilities will be at the desk-side of those who innovate and test consumer vehicles, rather than confined to large, expensive and time-consuming centralized computer-room operations. (Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO ) With the introduction of Microsoft(R) Windows(R) Compute Cluster Server 2003, HPC will help the automotive industry implement brand-new methods to help achieve the following goals: -- Predict and pre... (more)

Quantum's Lithium-Ion Battery Partner and Chinese Automaker to Jointly Develop Products for Worldwide Markets

IRVINE, Calif., April 18 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. , today announced that its strategic partner in lithium-ion battery systems, Advanced Lithium Power Inc. (ALP), has signed a Memorandum of Understanding with a leading Chinese automaker to jointly develop battery-dominant propulsion systems for passenger vehicles, with the goal of establishing a cooperative venture to commercialize products globally. ALP has developed breakthrough energy and power management technologies, including advanced control strategies for lithium-ion cell balancing and thermal management, resulting in battery packs of unprecedented power density, energy density, safety, and durability. The Quantum-ALP team was recently selected by the South Coast Air Quality Management District (SCAQMD) to engineer and supply a fleet of plug-in-hybrid vehicl... (more)

Westport Reports Fourth Quarter & Fiscal 2007 Financial Results

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/08/07 -- Westport Innovations Inc. (TSX: WPT), a global leader in gaseous-fuelled power technologies, today reported financial results for the fourth quarter and fiscal year ended March 31, 2007 (FY2007), and provided an update on operations. "Fiscal 2007 saw the achievement of several important milestones in the development of Westport's long term strategy," said David Demers, Westport's Chief Executive Officer. "Our first commercial joint venture, Cummins Westport Inc., generated significant profit contributions as a result of strong global growth and a scalable, low-cost business model. Westport's second major commercial program, LNG systems for heavy-duty trucks, saw the public release of the Ports of Los Angeles and Long Beach Clean Air Action Plan to put 5,300 LNG trucks on the road over the next four years, ... (more)

Toyota Brings 'Highway to the Future: Mobile Hybrid Experience' to the Iowa State Fair

DES MOINES, Iowa, Aug. 1 /PRNewswire/ -- Toyota is bringing its nationwide tour called "Highway to the Future: Mobile Hybrid Experience," to the Iowa State Fair in Des Moines, Iowa on August 9-19, 2007. The tour is designed to provide consumers with a firsthand opportunity to experience automotive hybrid technology. The tour, which will run 18 months, debuted Jan. 11, 2007 at the San Jose International Auto Show and is traveling to more than 150 events throughout the country. Consumers will have an opportunity to test Toyota's Hybrid Synergy Drive system and learn about hybrid technology through a number of interactive educational exhibits. "Most people have heard of hybrid technology and probably have a vague idea of how it works, but few have actually driven a hybrid and or taken an up-close look at its operation," said Keith Dahl, Toyota's National Engagement M... (more)

AEP, GE Energy Will Pursue Development, Integration, Deployment of Enhanced Energy Delivery, Advanced Metering Technologies

COLUMBUS, Ohio, Oct. 4 /PRNewswire-FirstCall/ -- American Electric Power and GE Energy, a business unit of General Electric , will pursue the development, integration and deployment of advanced energy delivery infrastructure and metering technologies in an agreement that will enhance the consumer's ability to control and reduce electricity costs as well as improve the overall efficiency of electricity use. The companies have signed a memorandum of understanding and are continuing discussions to reach a definitive agreement to develop technology platforms and programs that will transform how electricity is delivered to -- and used by -- consumers. The AEP-GE initiative "is the first in the industry to address the full energy pathway from the power plant to the home," said Michael G. Morris, AEP's chairman, president and chief executive officer. AEP will deploy advan... (more)

BP and Verenium Announce Significant Partnership to Accelerate the Commercialization of Cellulosic Ethanol

CAMBRIDGE, Mass., Aug. 6 /PRNewswire-FirstCall/ -- BP and Verenium Corporation (Nasdaq: VRNM) today announced the creation of a strategic partnership to accelerate the development and commercialization of cellulosic ethanol. The partnership combines a broad technology platform and operational capabilities in an effort to advance the development of a portfolio of low-cost, environmentally sound cellulosic ethanol production facilities in the United States, and potentially throughout the world. Under the initial phase of the strategic alliance, Verenium is to receive $90 million in total funding from BP over the next 18 months for rights to current and future technology held within the partnership. "We are very excited and proud to be partnering with BP, a world leader in both the traditional and alternative energy industries that shares our commitment and vision to ... (more)

Preachers Coffee Inc. Announces Joint Venture Agreement With Modern Energy Corp. With Preachers' Agricultural Development Interest in the Philippines

TAMPA, FL -- (Marketwire) -- 09/08/09 -- Preachers Coffee, Inc. (PINKSHEETS: PRCF) (PINKSHEETS: PCIO) and MODERN ENERGY CORP. (PINKSHEETS: MDRG) and (FRANKFURT: ME2C) announced the signing of a Joint Venture Agreement on the Technical Management and Operating Contract of a 36,103 Acres of Agricultural and Forest Land which is under a Community-Based Forest Management Agreement (CBFMA) of the Government of the Philippines, in partnership with the Manobo Indigenous Community Cooperative on Mindanao island in the Philippines. The Joint Venture Agreement has a 25 Year CBFMA Contract and an indefinite extension since it was appropriated in an Ancestral Domain Land Management for the Manobo Indigenous Communities. The Manobo Indigenous Communities has the Ancestral Domain Rights to the land and their Community Cooperative was for purposes of Agricultural and Forest Managem... (more)

Macro Enterprises Inc. Announces 2012 First Quarter Results

FORT ST. JOHN, BRITISH COLUMBIA -- (Marketwire) -- 05/17/12 -- May 17, 2012 Macro Enterprises Inc. (TSX VENTURE:MCR) - Summary of financial results (thousands of dollars except per share amounts) ------------------------------ Three months ended March 31 ------------------------------ 2012 2011 ------------------------------ (unaudited) (unaudited) Revenues $41,827 $43,214 EBITDA(1) 8,360 3,017 Net earnings 5,221 1,352 Net earnings per share $0.21 $0.05 Weighted average common shares outstanding (thousands) - basic 23,931 23,931 ------------------------------ Note 1 - References to EBITDA are to net income from continuing operations before interest, taxes, amortization and impairment charge. EBITDA is not an earnings measure recognized by International Financial Reporting Standards ("IFRS") and does not have a standardized meaning prescribed by IFRS. Management bel... (more)

Diesel Generator Sets - Distributed Reciprocating Engines for Portable, Standby, Prime, Continuous, and Cogeneration Applications

NEW YORK, Feb. 25, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Diesel Generator Sets - Distributed Reciprocating Engines for Portable, Standby, Prime, Continuous, and Cogeneration Applications http://www.reportlinker.com/p01108966/Diesel-Generator-Sets---Distributed-Reciprocating-Engines-for-Portable-Standby-Prime-Continuous-and-Cogeneration-Applications.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Electrical_Equipment Diesel-fueled generator sets (gensets) are distributed power generation units that use reciprocating internal combustion engines to produce useable energy from gaseous fuels. Distributed generation has the advantage of going online more quickly than traditional large centralized power stations, reducing demand pressure on the electrical grid and reducing inefficiencies that are co... (more)