ITT Exelis and Boeing team completes wind tunnel testing of Next Generation Jammer pod

As part of the Next Generation Jammer (NGJ) program’s technology maturation phase, ITT Exelis (NYSE:XLS) and The Boeing Company have successfully completed wind tunnel testing of the team’s proposed full-scale pod at NASA’s Langley Research Center in Hampton, Va.

The testing, observed by U.S. Navy representatives, demonstrated the power generation and control capability of the pod’s Ram Air Turbine, used to generate electrical power for jamming. The pod, if selected by the Navy, will be deployed aboard the U.S. Navy’s electronic attack EA-18G aircraft.

“Successful wind tunnel testing of an integrated power generation system is a significant risk reduction achievement for the ITT-Boeing NGJ program,” said Bob Ferrante, vice president and general manager of Exelis Electronic Systems’ airborne electronic attack business. “The wind tunnel test operations validated our engineering team’s projections, so now we’re preparing for the next step of in-flight testing.”

The Next Generation Jammer program, a complete upgrade to existing technology, will ensure that U.S. forces have dominance of the electronic spectrum, providing a comprehensive capability.

ITT Exelis Electronic Systems provides innovative integrated solutions for the global defense, intelligence, information assurance and commercial aerospace sectors. As a leader in electronic warfare and communications, we leverage our experience and innovation to ensure the success of our customers’ critical missions. Our technology leadership extends into the areas of airborne electronic attack, networked and satellite communications, counter-improvised explosive devices, airspace management, surveillance systems, airborne and shipboard radar, acoustic sensors, advanced composite structures and electronic weapons interfaces.

ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cybersecurity, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, VA, the company employs about 21,000 people and generated 2010 revenue of $5.9 billion.

More about XLS at www.exelisinc.com

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DDR Corp. (NYSE:DDR) announced the appointment of Luke Petherbridge as senior vice president of capital markets. In this role Mr. Petherbridge will be primarily responsible for capital raising, actively managing the balance sheet and maintaining strong lender relationships.

DDR is an owner and manager of 538 value-oriented shopping centers representing 134 million square feet in 41 states, Puerto Rico and Brazil .

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Tiffany & Co. (NYSE:TIF) announced that Stephane Lafay has been appointed to the newly-created position of Group Vice President - Asia-Pacific Region and President - Tiffany Japan. Mr. Lafay, 46, joined Tiffany in 2009 as President of Tiffany’s Japan organization. A search is underway for a Managing Director of Japan who will report to Mr. Lafay. The Company will continue to report its results separately for those two regions.

Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations.

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Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Biomass is anything that is alive. It is also anything that was alive a short time ago. Trees, crops, garbage, and animal waste are all biomass. Most of the biomass we use for energy today is wood. We burn wood to make heat.

Biomass gets its energy from the sun. Plants store the sun’s energy in their leaves and roots. When we eat biomass, we use the energy to move and grow. When we burn biomass, we use the energy to make heat. We can also change the energy in biomass into gas and liquid fuels.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.

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.

Today’s biomass energy comes from annual row crops, such as corn and soybeans, and organic leftovers such as corn stover, rice husks, wood waste, and pressed sugar cane. Researchers are also developing ways to produce energy from special, fast-growing “energy crops” such as willow and switch grass. Collectively called biomass, these crops can be treated in different ways to produce electricity or vehicle fuel.

Biomass can be:
” Burned in power plants to produce heat or electricity, with fewer harmful emissions than coal.
” Fermented to produce fuels, like ethanol, for cars and trucks.
” Digested by bacteria to create methane gas for powering turbines.
” Heated under special conditions, or “gasified,” to break down into a mix of gases that can be burned for electricity or used to make a range of products, from diesel to gasoline to chemicals.

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Procter & Gamble Co. (NYSE:PG) announced that it has provided its four billionth liter of clean drinking water through the P&G Children’s Safe Drinking Water Program (CSDW) by distributing more than 400 million water purification packets in developing countries. With the help of Friends in Need of Pa Foundation and the Thai Red Cross, P&G was able to distribute the four billionth liter in Thailand to a family who survived the country’s worst flooding in half a century.

The Procter & Gamble Company provides consumer packaged goods in the United States and internationally.

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