ELLI, Ellie Mae, Inc.
** For the first quarter 2012, ELLI posted total revenue of $20.9 million, a 97% increase year over year, and net income of $3.6 million, or $0.16 per diluted share, compared to a net loss of $(0.8) million, or $(0.22) per diluted share in the same period the prior year.
ELLI is a leading provider of on-demand automation solutions for the mortgage industry. ELLI offers an end-to-end solution, delivered using a Software-as-a Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management.
More about ELLI at www.EllieMae.com
LIME, Lime Energy Co.
** LIME reported the award of a four-year contract by Central Hudson Gas & Electric Corp. for the implementation of their Energy Efficiency Commercial Lighting Program.
The program serves small and medium sized commercial customers with a peak energy demand of under 350 kW and helps them offset energy efficiency implementation costs by up to 70%.
Acording to the company, it is anticipated that the program could involve as many as 5,000 projects and have an overall contract value to LIME worth approximately $25 million over the four year period.
LIME replaces the existing provider and will exclusively implement comprehensive multi-measure efficiency projects for the Mid-Hudson River Valley, which extends from the suburbs of metropolitan New York City through south of the capital district in Albany.
Encompassing the Kingston/Catskill, Poughkeepsie, Fishkill and Newburgh areas, Central Hudson?s energy efficiency lighting program will incentivize their commercial customers to improve their facilities, reduce emissions from power plants, lower the cost of doing business in the Hudson Valley and create local green jobs.
As one of the nation?s leading providers of clean energy solutions, LIME brings over 25 years of delivering economically viable efficiency and renewable energy solutions that benefit communities and protect the environment.
LIME's services include integrated energy engineering, consulting and the implementation of solutions that enable customers to reduce their facility?s energy consumption, lower their operating and maintenance costs and reduce their carbon footprint.
More about LIME at www.lime-energy.com
FCEL. FuelCell Energy, Inc.
** FCEL reported the completion of the previously announced $30 million investment by POSCO Energy.
Under the terms of the agreement, POSCO Energy purchased 20,000,000 shares of FCEL common stock at a price of $1.50 per share for proceeds of $30 million. Proceeds will be used for growth capital and general corporate purposes.
In addition to concluding this investment, FCEL also entered into binding Memorandums of Agreement with POSCO Energy to complete 120 MW order commitment and the Cell Technology Transfer Agreement. These agreements are expected to be completed during the Company's third quarter of fiscal 2012.
Direct FuelCell(R) power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With over 180 megawatts of power generation capacity installed or in backlog, FCEL is a global leader in providing ultra-clean baseload distributed generation to utilities, industrial operations, universities, municipal water treatment facilities, government installations and other customers around the world.
More about FCEL at www.fuelcellenergy.com
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