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Tri-Tech Holdings (TRIT) is a very small company, but one that is growing quickly in an industry with tremendous opportunity – China water. The company reported revenues that doubled over the year ago quarter to $5.9 million and an EPS of .24/share vs the .12/share reported a year ago. Gross margins increased to 38% from the 27% in the year ago quarter. So, clearly a company … Read the rest
Euro Tech Holdings (CLWT) is surging a bit more than 10% this morning and getting back above the $2 buck level on news its subsidiary Yixing PACT was recently awarded a $3.8 million wastewater treatment contract by a Korean stainless steel company. Yixing will be responsible in designing and installing a 5k cubic meter/day treatment system, a 860 cubic meter/hour direct water cooling system, a 4.5K cubic meters/hour indirect cooling water system, a 50 cubic … Read the rest
Calgon Carbon (CCC) announced a total of $34 million in new contracts this morning from 3 electric power companies and one cement plant to reduce their mercury emissions with the use of Calgon’s FLUEPAC activated carbon system. The contract range from 1 – 5 yrs and can be extended beyond the initial terms.
Calgon said in the press release that it expects the EPA to finalize regulations this year requiring the cement industry to control … Read the rest
Tri-Tech (TRIT) announced this morning it received a $2 million contract to upgrade (including design, equipment procurement, installation and startup) a wastewater treatment plant in Xinle City which will improve the plant from Class 2 to Class 1A standards, churning out cleaner water in the process. Not clean enough for drinking however. Class 1A water is only good enough for irrigation and toilets! The plant, with a daily capacity of 40K metric tons, will better … Read the rest
According to StreetInsider.com, Brean Murray maintains its Buy rating on Calgon Carbon (CCC) but is lowering the price target from 24 to 20.
“Calgon Carbon reported 3Q08 results that were below our estimates. Sales in the quarter of $99.1 million were up 16.7% YoY, but slightly missed our estimate of $102.6 million. Strong sales in the Activated Carbon and Service (up 17.8% YoY) segment drove the growth. An increase of equipment sales of 26% … Read the rest
Energy Recovery Inc released financial results for the 2nd quarter ending June 30, 2008. The company provides ultra efficient energy recovery products and technology for seawater desalinization. Their financial results have definitely improved over the past year: net revenue is up 247% to $12.0 million, and net income has increased from a loss of .4 million to a profit of $1.8 million.
The company went public in July of this year, selling 16,100,000 shares of … Read the rest
The Economist.com reported that trading water would help alleviate water shortages. With water consumption doubling every 20 years, according to Goldman Sachs, lack of water could prove to be a bigger threat to mankind than rising food prices or the depletion of energy resources.
Goldman expects profits to be "made less from selling the stuff directly, and more from investments in infrastructure and new technology. The bank estimates that America alone needs to spend around … Read the rest