The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

Solar power is used for electricity, central heating, hot water, cooking, for producing salt and even for desalination. Solar energy comes from the sun’s rays and is very environmentally friendly. However, by the time the sun’s rays make it to the earth’s atmosphere, they are significantly weakened.

The main advantage of solar energy is that it is clean. To produce electricity or heat with solar energy you only need the sun rays. There is no need to use fossil fuel in combination with sun rays to produce electricity or heat. You just need a solar energy collector or solar power panels in order to collect solar energy.

Cleantech Transit Inc. (”Cleantech”) (OTC.BB:CLNO) is focusing its efforts on building a portfolio of environmentally friendly green assets. Our goal is to create a self sustaining environment where we can produce and sell clean electricity for our domestic use. In addition Cleantech will expand its focus to other areas of sustainable energies including renewable resources such as Geothermal, Solar and Wind. Our goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.

To discover more about CLNO, Please visit: http://www.cleantechtransitinc.com/

**********

Tenneco Inc. (NYSE:TEN) reported second quarter net income of $50 million, or 81-cents per diluted share, versus net income of $40 million, or 66-cents per diluted share in second quarter 2010. Net income was $50 million, or 81-cents per diluted share, compared with $38 million, or 62-cents per diluted share a year ago.

EBIT (earnings before interest, taxes and noncontrolling interests) was $113 million, a 22% increase from $93 million in second quarter 2010. Adjusted EBIT improved to $115 million, versus $97 million a year ago, driven by higher OE volumes globally and the launch and ramp-up of higher-margin light and commercial vehicle business. The improvement was partially offset by previously announced higher year-over-year aftermarket customer changeover costs. Favorable currency had a $10 million year-over-year impact on EBIT.

EBITDA including noncontrolling interests (EBIT before depreciation and amortization) rose 14% to $167 million, compared with $146 million a year ago. Adjusted EBITDA including noncontrolling interests was $169 million, versus $149 million in second quarter 2010.

“We are making excellent progress on growing our businesses, particularly as we launch and ramp-up commercial vehicle emission control programs, which contributed to our record-high quarterly revenue and earnings,” said Gregg Sherrill, chairman and CEO, Tenneco. “We are also pleased with our robust growth in emerging markets including China, where we are investing to keep pace with expanding opportunities.”

Tenneco is a $5.9 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 22,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe, Walker, Gillet and Clevite Elastomer brand names.

**********

Gevo, Inc. (Nasdaq:GEVO) recently announced that it has begun the retrofit of its ethanol facility in Luverne, Minnesota, to produce biobased isobutanol. This milestone brings the company one step closer to commercial-scale production. The retrofit, which is expected to be complete by next summer, will make this facility the world’s first commercial-scale biobased isobutanol plant.

Gevo, Inc., a development stage renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks.

**********

Mercury Computer Systems, Inc. (Nasdaq:MRCY) recently announced greatly improved radar subsystem performance through two new innovations: a general purpose Graphics Processing Unit (GPGPU) product based on the NVIDIA® “Fermi” architecture, and a 10 Gigabit Ethernet (10GE) standards-based real time sensor interface module.

Mercury Computer Systems, Inc. designs, manufactures, and markets high-performance embedded, real-time digital signal and image processing systems and software for embedded, and other specialized commercial and defense computing markets.

**********

AVEO Pharmaceuticals, Inc. (Nasdaq:AVEO) recently announced it has entered into an exclusive license agreement with Centocor Ortho Biotech Inc. for the worldwide development and commercialization of AVEO’s internally-discovered antibodies targeting the RON (Recepteur d’Origine Nantais) receptor. The RON pathway is believed to be involved in several aspects of cancer development including regulation of tumor growth, survival and metastasis, and bone disruption. In preclinical studies, AVEO’s proprietary anti-RON antibodies have demonstrated strong anti-tumor activity.

AVEO Pharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery and development of cancer therapeutics.

***************************************
Sign up for free stock alerts at http://www.pennygovernance.com/signup

***************************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyGovernance.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyGovernance.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.(read more @ http://pennygovernance.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received 1,000,000 shares of 144 restricted stocks from the company for 12 months of media advertisement and IR services and 4,000,000 shares of 144 restricted stocks from the company for management fee through end of June for Cleantech Transit, Inc. (CLNO.OB).