Solar Park Initiatives, Inc. (OTCBB:SOPV) a Florida-based solar energy company dedicated to utility and commercial solar park developments in North America, reports that the costs associated with solar electricity are falling mainly due to improved cell efficiency, improved solar manufacturing, and lower construction costs. Manufacturers are quickly approaching a $1 per watt manufacturing cost, which will allow Solar Park Initiatives to generate electricity at the same price as the grid in many areas of the country. Grid Parity is achieved when the decreasing cost of a solar park project (total Engineering, Procurement and Construction [EPC] and ongoing operation and maintenance cost), falls below the cost of electrical energy on a retail basis.
David Surette, CEO of Solar Park Initiatives, stated, "Our current cost structure for EPC and operations and maintenance allows us to create electricity from solar energy at Grid Parity pricing in certain areas of the country. We look forward to rolling out our projects in one of the fastest growing industries worldwide."
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will attempt to sell the resultant electrical production to various utilities and large commercial entities through a Power Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to those users of energy.
Solar Park Initiatives, Inc., is a professional services and project developing firm providing renewable energy through photovoltaic (“PV”) and solar thermal technologies. The Company intends to market its services in states where insolation (sunshine) is high, land is relatively inexpensive, and utility rates are high to compete with local utility rates. SOPV attempts to leverage its energy expertise, solar PV supplier relationships, and procurement processes to help businesses, municipalities and power companies maximize the possible energy savings coupled with reduced emissions enabled by the advent of this new generation source.
To learn more about SOPV visit: http://www.solarparkinitiatives.com/
International Rectifier, IR® (NYSE:IRF), a world leader in power management technology, introduced the SBB Series of non-isolated, radiation hardened (RAD-Hard™) Point-of-Load (POL) voltage regulators.
The new devices are designed to maximize efficiency in space applications including satellites requiring long mission life up to 15 years or 100Krads of total ionizing dose (TID).
International Rectifier Corporation engages in the design, manufacture, and marketing of power management semiconductors. The company primarily serves original equipment manufacturers, distributors, and contract manufacturers. It operates in the United States, Asia, and Europe. The company was founded in 1947 and is based in El Segundo, California.
International Speedway Corporation (Nasdaq: ISCA) ("ISC") reported that it has commenced a tender offer (the "Offer") to purchase for cash up to $100,000,000 aggregate principal amount (the "Tender Cap") of its outstanding 5.40% senior notes due 2014 (the "Notes") (CUSIP No. 460335AF9 and ISIN No. US335AF96).
ISC promotes major motorsports events in every month of the racing season — more than any other motorsports promoter. Collectively, ISC's 13 facilities promote well over 100 motorsports events during the racing season, which includes 46 premier NASCAR (National Association for Stock Car Auto Racing) national series events.
* Daytona International Speedway® in Florida
* Talladega Superspeedway® in Alabama
* Michigan International Speedway® located outside Detroit
* Richmond International Raceway® in Virginia
* Auto Club Speedway of Southern California(SM) near Los Angeles
* Kansas Speedway® in Kansas City, Kansas
* Phoenix International Raceway® in Arizona
* Chicagoland Speedway® near Chicago, Illinois
* Route 66 Raceway(SM) near Chicago, Illinois
* Homestead-Miami Speedway(SM) in Florida
* Martinsville Speedway® in Virginia
* Darlington Raceway® in South Carolina
* Watkins Glen International® in New York
Internet Brands, Inc. (NASDAQ:INET), a leading Internet media company, recently reported that it has entered into a definitive merger agreement to be acquired by an affiliate of Hellman & Friedman Capital Partners VI, L.P. in a transaction valued at approximately $640 million.
Under the terms of the agreement, Internet Brands stockholders will receive $13.35 in cash for each outstanding share of common stock they own. This price represents a premium of approximately 46.5% over the closing price on September 17, 2010.
Internet Brands, Inc., an Internet media company, owns, operates, and develops branded Web sites. It primarily operates automotive, careers, home, money and business, shopping, and travel and leisure Web sites. The company's automotive Web sites capture various focused audiences, from those researching and purchasing new and used vehicles to the active communities of automotive enthusiasts. These Web sites include CarsDirect.com, Autos.com, and NewCarTestDrive.com.
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