Li-Ion Motors Corp. (OTCBB: LMCO | PowerRating) $1.01. Today announced that steering wheel mounted paddle shifters, once limited to Formula One and Indy style racing cars, are now de rigueur in high performance vehicles. Li-lon Motors will be the first to offer this feature in its all-electric supercar, the Inizio.
Legend has it that the Sultan of Brunei was the first to have paddle shifting in a high performance production car when he asked the Williams F1 team in the early 90's to provide a racing-spec sequential transmission for his specially-designed Ferrari FX. The Inizio may have an Italian name -- it means "the beginning" -- but it is entirely designed and built in the USA and is completely at home with its renowned and respected European counterparts.
What They Do: Li-Ion Motors Corp is a leading developer and manufacturer of electric powered automobiles including the WAVE II and the Inizio.
Envision Solar (OTCBB: EVSI) $0.62. Today annnounced it ha entered into a contract with a major California utility to design and engineer Envision Solar's Solar Tree structures for a showcase deployment. The project is centered in a high visibility innovative facility which will be open to the public.
The approximately 80kW Solar Grove array will include Solar Tree structures which are planned to incorporate Envision Solar's CleanCharge CI, "column-integrated" electric vehicle charging stations. The installation will provide shade for 36 cars, and is scheduled for completion in mid-2011. In addition, the designs will allow for the incorporation of Envision Solar's EnvisionTrak multi-axis solar tracking technology for the project, which would increase the efficiency of the entire installation by as much as 22 percent.
Robert Noble, founder and CEO of Envision Solar said, "In addition to clean energy from the sun, the Solar Grove will provide much-needed shade for cars and people and be an architecturally beautiful enhancement to the neighborhood. The local community will be able to charge their electric vehicles and plug-in hybrids and see renewable energy generation in their own backyard."
What They Do: Envision Solar is a leading sustainable infrastructure planner and architect designing and deploying clean energy systems globally.
Precision Petroleum (OTCBB: PPTO) $0.07. Today announced recent engineering and geological analysis of a major acid frac on the White No. 12-1 well, Pottawatomie County, Oklahoma has indicated the potential for an additional 10,000 barrel recovery from the Hunton Limestone formation on this 40 acre lease.
Richard Porterfield, President commented that, "Adjacent leases of approximately 30 wells operated by majors have pursued the acid frac technology with outstanding success." The White well currently produces oil and natural gas with a natural water drive.
The acid frac is significant whereby reservoir porosity is increased allowing substantial flow to the wellbore. Upon a final consultation with geologists and engineers, Precision Petroleum Corporation would proceed with this acid frac project.
What They Do: Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America.
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