Solar Power

Entech Solar - Quercus Trust - Cancel Warrants, read more....

2009-02-15T03:41:00.000-08:00

Fort Worth, TX – February 13, 2009 – Entech Solar (OTC BB: ENSL.OB), a leader in concentrating solar energy systems, announced today that The Quercus Trust, the Company's largest shareholder, has agreed to cancel Warrants to purchase thirty-eight million (38,000,000) shares of the Company's common stock in accordance with the terms of a Warrant Cancellation Agreement entered into with the Company.

The Quercus Trust has decided to cancel these warrants in consideration for the Company's agreement to increase the number of shares available under the Company's 1999 Stock Option Plan, as amended ("the Plan"), from fifty million (50,000,000) shares to seventy million (70,000,000) shares. The Warrants will be canceled upon approval of the Company's stockholders of the increase in the number of shares available under the Plan.

David Gelbaum, trustee of the Quercus Trust and Chairman of Entech Solar's Board, said, "This increase to the option pool will have the benefit of increasing morale at the company and of helping us attract good people in the future. Quercus believes in sharing upside with the employees."

About Entech Solar

Entech Solar is a leading provider of concentrating solar energy systems. Entech designs, manufactures and installs systems that provide both electricity and thermal energy for commercial and industrial applications. Entech uses its proprietary concentrating photovoltaic and thermal (CPVT) technology to deliver the ThermaVolt™ system, which produces cost-competitive distributed energy. For more information, please visit www.entechsolar.com.

Chris Witty

VP, Investor Relations

Darrow Associates, Inc.

www.darrowir.com

New York, NY

646-438-9385

cwitty@darrowir.com

You Can Also read this article at:

Entech on BusinessWire

Entech on Green Tech Media

Entech Article on Smart Brief

This Article on Yahoo!

Entech Form 8 - K

The Quercus Trust Agrees to Cancel Warrants

2009-02-15T03:34:00.000-08:00

The Quercus Trust has decided to cancel these warrants in consideration for the Company's agreement to increase the number of shares available under the Company's 1999 Stock Option Plan, as amended ("the Plan"), from fifty million (50,000,000) shares to seventy million (70,000,000) shares. The Warrants will be cancelled upon approval of the Company's stockholders of the increase in the number of shares available under the Plan.

About Entech Solar

Chris Witty

VP, Investor Relations

Darrow Associates, Inc.

www.darrowir.com

New York, NY

646-438-9385

cwitty@darrowir.com

You Can Also read this article at:

Entech on BusinessWire

Entech on Green Tech Media

Entech Article on Smart Brief

This Article on Yahoo!

Entech Form 8 - K

Entech Solar to Present at the Kaufman Brothers Green Investor Conference on February 18, 2009

2009-02-09T16:32:00.000-08:00

Fort Worth, TX – February 9, 2009 – Entech Solar (OTC BB: WWAT.OB), a leader in concentrating solar energy systems, today announced that it will participate in the Kaufman Brothers Green Investor Conference on February 18, 2009 at the Langham Hotel, Boston. Frank Smith, Chief Executive Officer, and Kent Van Houten, Chief Financial Officer, will review the company's technology and growth strategy at 3:00 p.m. Eastern Time.

A live audio webcast of the presentation will be accessible via the Entech Solar website. To hear the presentation and view related materials, please visit the website at www.entechsolar.com. A replay will be available for ninety days. Additional information about this conference can be found at www.kbro.com.

About Entech Solar
Entech Solar is a leading provider of concentrating solar energy systems. Entech designs, manufactures and installs systems that provide both electricity and thermal energy for commercial and industrial applications. Entech uses its proprietary concentrating photovoltaic and thermal (CPVT) technology to deliver the ThermaVolt™ system, which produces cost-competitive distributed energy. For more information, please visitwww.entechsolar.com.

Chris Witty
VP, Investor Relations
Darrow Associates, Inc.
www.darrowir.com
New York, NY
646-438-9385
cwitty@darrowir.com

Related Articles on:
MIT Sloan
Dallas News
Ad-Hoc
cnbc
Yahoo Biz
Solar Energy News Review
Clean Clean Energy Blog

New Entech COO

2009-02-04T07:29:00.000-08:00

Entech Solar Appoints Sean Rooney as Chief Operating Officer

You can also read this article
Business Wire
Nations Restaurant News
Reuters

FORT WORTH, Texas--(BUSINESS WIRE)--Entech Solar (OTCBB:ENSL.OB), a leader in concentrating solar energy systems, announced today that Sean Rooney has been named Chief Operating Officer for the Company.

Mr. Rooney joined Entech Solar in February 2008 as Vice President of the Company’s EPC (Engineering, Procurement, and Construction) Operations. Since then, he has implemented a new model for project management which has resulted in over five megawatts of solar projects being completed on schedule with high customer satisfaction. With the Company’s shift in strategy away from flat-plate projects to the production and installation of Entech’s proprietary concentrating solar systems, Mr. Rooney’s role has been expanded to include all manufacturing operations as well as its EPC business. His successful turnaround of the Company’s EPC installations made Mr. Rooney the ideal candidate to address the challenges facing Entech’s manufacturing operations.

“Although our engineering team has made progress in addressing the process and supply-chain issues discussed on the Company’s third quarter earnings conference call, the factory is not yet producing product suitable for certification,” stated Frank Smith, Entech Solar CEO. “Sean will bring the same sense of urgency, purpose, and discipline to our manufacturing challenges that he provided to our EPC projects at Fresno, Denver, Valley Center, and Ocean City. This appointment is part of the ongoing transformation of Entech from a research and development organization to a vertically integrated, product-driven, manufacturer and installer of advanced concentrating solar systems. Once we have established our manufacturing capability and achieved certification, we will have two channels to market – product sales to other integrators and management of our own EPC projects that incorporate Entech modules. Sean will have responsibility for the operations portion of our vertically integrated value chain.”

Mr. Rooney added, “I am very pleased to take on this critically important responsibility for the Company. Following my recent relocation from New Jersey to Texas, I am eager to provide leadership to our manufacturing operations.”

The Company is also augmenting its manufacturing team with additional personnel and training. Entech Solar has retained experts and is training existing staff in Six Sigma methodology to address process and supply-chain issues in a systematic, data-driven approach, employing best-in-class practices. Both of these developments support Entech Solar’s dedication to commercializing its concentrating solar ThermaVolt™ system.

About Entech Solar

Contacts

Entech Solar Press Contact:
Jessica Bloomgarden
jbloomgarden@entechsolar.com
or
Entech Solar Investor Relations Contact:
Chris Witty
646-438-9385
cwitty@darrowir.com

3-D Animation explaining the overall concept of EntechSolar's Thermavolt unit.

New COO for Entech?

2009-02-04T07:28:00.000-08:00

Entech Solar Appoints Sean Rooney as Chief Operating Officer

About Entech Solar

Contacts

Entech Solar Press Contact:
Jessica Bloomgarden
jbloomgarden@entechsolar.com
or
Entech Solar Investor Relations Contact:
Chris Witty
646-438-9385
cwitty@darrowir.com

You can also read this article
Business Wire
Nations Restaurant News
Reuters

3-D Animation

Explains the overall concept of EntechSolar's Thermavolt unit.

Bunch of recent cleantech deals

2008-11-24T11:17:00.000-08:00

SunEthanol Picks Up $25M, New Name; Infinity Pharma Pairs with Purdue Pharma; In-Q-Tel Taps Two Local Firms, & More Boston-Area Deals News

Rebecca Zacks 11/24/08

Half a dozen Boston-area tech and life sciences startups have something to be thankful for heading into this week’s holiday, all of them having managed to close venture deals in a very tricky environment. A few public companies cut some interesting deals as well.

—ReGen Power Systems, a Salem, MA-based firm developing a power-producing external combustion engine, raised $5 million from 21Ventures and Quercus Trust. ReGen plans to use the money to build two prototypes of its engine for evaluation and field testing.

—RFID systems maker ThingMagic of Cambridge, MA, inked a strategic investment and technology development deal with CIA-founded venture firm In-Q-Tel. The terms of the deal were not disclosed.

—In-Q-Tel also made an unspecified investment in Febit, a German maker of DNA- and RNA-sequencing devices with laboratories in Lexington, MA.

—Nashua, NH-based virtualization software maker AutoVirt added $4 million to its Series A round from return investors Kepha Partners and Sigma Partners, bringing its total raised to $8.5 million.

—Hadley, MA-based SunEthanol, a developer of cellulosic ethanol technology, raised $25 million in a Series B round of financing led by Venrock and Battery Ventures and joined by BP, Soros Fund Management, Camros Capital, and Long River Ventures. The firm also …

David Anthony joins board of 3GSolar

2008-11-16T05:20:00.000-08:00

Vesta Capital Corp. (TSXV:VES.P)
Announces the Signing of a Letter of
Intent for Its Proposed Qualifying
Transaction
TORONTO, ONTARIO--(Marketwire - Nov. 10, 2008) - Vesta Capital Corp. ("Vesta")
(TSX VENTURE:VES.P) is pleased to announce that on October 30, 2008, it entered into
a letter of intent ("LOI") with 3GSolar, Ltd. ("3G"). The LOI provides that Vesta will
enter into a share exchange transaction with each of 3G's shareholders, which will result
in 3G becoming a wholly-owned subsidiary of Vesta (the "Transaction"). The
Transaction is intended to constitute Vesta's "qualifying transaction" under TSX Venture
Exchange ("TSXV") policies. If the Transaction it successfully completed, it is believed
that 3G would be the first Israel-based business listed on a Canadian stock exchange. click to read the full article.

Bio Petro Clean

2008-10-31T04:57:00.000-07:00

You can learn more at BioPetroClean.com

Cognisafe seed funding from 21Ventures

2008-10-05T11:29:00.000-07:00

October 1,2008 -

21Ventures announces investment in CogniSafe Ltd. - Anti-cheat software provider for online-games

New York, NY and Tel-Aviv, Israel, October 1, 2008 --- 21Ventures, a U.S. based venture capital firm, announced today a seed investment in CogniSafe Ltd. – an Israeli company providing real-time anti-cheat software solution for online games . The funding is earmarked for sales and marketing and ongoing product development. “CogniSafe brings an exciting new approach to solve the cheating problem in online games, a problem which causes significant losses to gaming companies and harms the players ability to enjoy the challenge and adventure of a cheat-free game environment. Just like online banking and commerce services, the online gaming industry is vulnerable to fraud and cheating, but no real time solution has been presented so far to solve the cheating problem. We believe that CogniSafe solution will become the standard in detection and prevention of cheating in online games and we are happy to be among the first to identify CogniSafe potential” said David Anthony, Managing Partner of 21Ventures. The cheating problem in online games causes game providers to remove tens of thousands of paying players every month, due to suspected cheating. The removal is usually done following a complaint from other players, or after a post mortem analysis of player's actions. In addition, a significant number of legitimate players abandon some game titles, and cease paying, when they feel they have been cheated. CogniSafe's solution enables online game providers to detect, in real time, any deviation from proper gaming procedures by the online players, and remove cheaters from participation in the game, thus makes cheating attempts futile and enables other players to continue and enjoy a cheat-free gaming experience. "There is a clear need in the market for a real-time solution that will enable the gaming companies to really understand the magnitude of the cheating phenomena, gather evidence against cheaters, and remove them from the game before they affect the gaming experience for other players ”, said Izik Shimon, CEO of CogniSafe. Izik continues "We are already engaged with several leaders in the online gaming industry, which understand the potential of increasing the integrity of their games and avoiding significant losses, by working with CogniSafe".

Want to read more? Check out some of these links...