Showing posts with label 21Ventures. Show all posts
Showing posts with label 21Ventures. Show all posts

Sunday, February 15, 2009

The Quercus Trust Agrees to Cancel Warrants

Fort Worth, TX – February 13, 2009 – Entech Solar (OTC BB: ENSL.OB), a leader in concentrating solar energy systems, announced today that The Quercus Trust, the Company's largest shareholder, has agreed to cancel Warrants to purchase thirty-eight million (38,000,000) shares of the Company's common stock in accordance with the terms of a Warrant Cancellation Agreement entered into with the Company.

The Quercus Trust has decided to cancel these warrants in consideration for the Company's agreement to increase the number of shares available under the Company's 1999 Stock Option Plan, as amended ("the Plan"), from fifty million (50,000,000) shares to seventy million (70,000,000) shares. The Warrants will be cancelled upon approval of the Company's stockholders of the increase in the number of shares available under the Plan.

David Gelbaum, trustee of the Quercus Trust and Chairman of Entech Solar's Board, said, "This increase to the option pool will have the benefit of increasing morale at the company and of helping us attract good people in the future. Quercus believes in sharing upside with the employees."

About Entech Solar
Entech Solar is a leading provider of concentrating solar energy systems. Entech designs, manufactures and installs systems that provide both electricity and thermal energy for commercial and industrial applications. Entech uses its proprietary concentrating photovoltaic and thermal (CPVT) technology to deliver the ThermaVolt™ system, which produces cost-competitive distributed energy. For more information, please visit www.entechsolar.com.
Chris Witty
VP, Investor Relations
Darrow Associates, Inc.
New York, NY
646-438-9385

Thursday, December 4, 2008

3D Animation that explains solar panels, one photon and electron at a time.

Hi Fellow bloggers,

Bellows is a video one of my students made that explains how solar panels work, one electron at a time. 

Enjoy!

David Anthony

Tuesday, November 11, 2008

3GSolar and Vesta Capital sign letter of intent (LOI)

TORONTO, ONTARIO -- 11/10/08 -- Vesta Capital Corp. ("Vesta") (TSX VENTURE: VES.P) is pleased to announce that on October 30, 2008, it entered into a letter of intent ("LOI") with 3GSolar, Ltd. ("3G"). The LOI provides that Vesta will enter into a share exchange transaction with each of 3G's shareholders, which will result in 3G becoming a wholly-owned subsidiary of Vesta (the "Transaction"). The Transaction is intended to constitute Vesta's "qualifying transaction" under TSX Venture Exchange ("TSXV") policies. If the Transaction it successfully completed, it is believed that 3G would be the first Israel-based business listed on a Canadian stock exchange.

About 3G

3G (formerly, Orionsolar Photovoltaics Ltd.) is a developer of dye solar cell ("DSC") photovoltaic modules. DSC technology is a cost-effective alternative to silicon and thin film-based systems, providing a low-cost solar energy solution that produces electricity efficiently even in low light conditions. 3G focuses its efforts to develop DSC modules to serve off-grid markets, mainly in developing countries where in excess of two billion people live without electricity.

Click here to read the full article about this 21Ventures investment - Thanks, David Anthony