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  2011 News Archive


Dec. 19, 2011

Microseismic, Inc Announces Q3 Backlog Up 86% to $41 Million

Houston, TX -- December 19, 2011 -- MicroSeismic, Inc. (MicroSeismic) announced today that its third quarter backlog is up 86 percent to $41 million as compared to the same period last year. The increase is due in part to recent contract awards for microseismic monitoring by Whiting Petroleum and Gastar Exploration. Both companies are leading oil and gas producers in the North American unconventional shale plays. [Download complete article.]



Dec. 7, 2011

RigNet, Inc. Ranked 46 On the Houston Business Journal's FastTech 50

HOUSTON, Dec. 7, 2011 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions to the oil and gas industry, today announced it has been ranked number 46 on the Houston Business Journal's 2011 FastTech 50™ awards list. [Download complete article.]



Dec. 7, 2011

P2 Energy Solutions Adds Regulatory & Compliance Offering Through Beyond Compliance Inc. Acquisition

DENVER, December 7, 2011 – P2 Energy Solutions, a technology company that provides a comprehensive range of software, services, and data to the energy industry announced today it has acquired Beyond Compliance Inc., a leading provider of SaaS-delivered automated compliance management solutions. [Download complete article.]



Dec. 5, 2011

Source:
Business Wire

Electric Power Veteran Joins Eco Power Solutions

BOSTON--(BUSINESS WIRE)--Eco Power Solutions, the leading provider of advanced multi-pollutant emission control and energy recovery systems, today announced that Thomas J. Bartolomei has joined the company as Chief Executive Officer, effective November 28, 2011. Bartolomei most recently served as Chief Commercial Officer and SVP for AREVA Solar Inc. (formerly venture backed Ausra Inc.), overseeing global project execution, business development, and marketing.
[Download complete article.]



Dec. 1, 2011

Southwest Windpower Opens Additional Facility for Engineering and Commercial Sales

The new office is part of the company’s shift toward providing renewable energy systems worldwide for commercial and industrial markets such as telecommunications, village electrification and other large multiple-unit projects. The Broomfield engineering facility and sales team will focus on product development for the specific technical needs of these types of sites. Previously, the company focused on smaller-scale applications for residences or small businesses. [Download complete article.]



Nov. 30, 2011

Whiting Petroleum Awards $5.7 Million Hydraulic Fracture Monitoring Contract to Microseismic, Inc.

Houston, TX -- November 30, 2011 -- MicroSeismic, Inc. announced today that it has been awarded a $5.7M contract by Whiting Petroleum Corporation for microseismic monitoring of their hydraulic fracturing operations in the Williston Basin. The contract includes monitoring of all Bakken and Three Forks wells over a 157 square mile area in Sanish Field, North Dakota. [Download complete article.]



Nov. 30, 2011

Novinda Adds Two New Vice Presidents to Executive Team

Novinda Corporation is pleased to announce the appointment of Jay Crilley as Vice President of Business Development and Scott Terhune as Vice President of Product Management - new positions playing a vital role in expanding and accelerating the company’s market growth. Crilley and Terhune come to Novinda with a broad base of experience commercializing new technology products in emissions control and power generation. [Download complete article.]



Nov. 18, 2011

RigNet Ranked 366 Among the Fastest Growing Companies in North America on Deloitte's 2011 Technology Fast 500™

HOUSTON, Nov. 18, 2011 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions to the oil and gas industry, today announced it is ranked number 366 on the 2011 Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. [Download complete article.]



Nov. 17, 2011

Austin GeoModeling Inc. Makes the Inc. 500/5000 List
For Third Year Running


HOUSTON, November 17, 2010 – Oil and Gas software company Austin GeoModeling (AGM) is honored to announce being named No. 754 on the 2010 Inc 500/5000 list, an exclusive ranking of the US fastest growing private companies. AGM thanks customers and employees for helping to make the Inc. 5000 list for the third consecutive year. [Download complete article.]



Nov. 9, 2011

RigNet Announces Record Third Quarter 2011 Earning Results

For the three months ended September 30, 2011, RigNet, Inc. ("RigNet" or the "Company") (Nasdaq:RNET), today announced revenue of $28.9 million, Adjusted EBITDA of $9.4 million, or 32.7% of revenue, net income attributable to common stockholders of $5.5 million, or $0.32 per diluted share, and capital expenditures of $4.5 million. For the three months ended September 30, 2010, revenue was $24.2 million, Adjusted EBITDA was $7.7 million, or 31.8% of revenue, net loss attributable to common stockholders was $0.6 million, or $0.10 loss per diluted share, and capital expenditures were $2.5 million. [View complete article.]



Oct. 25, 2011

Transzap, Inc. Named to 2011 Deloitte Technology Fast 500

DENVER and HOUSTON − October 25, 2011 - Transzap, Inc., the parent company of Oildex, the energy industry's leading provider of ePayables, eRevenue, and eStatement Software-as-a-Service (SaaS) solutions, today announced its inclusion in the prestigious 2011 Deloitte Technology Fast 500, Deloitte's ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. This is the second consecutive year Transzap has received this honor. [View complete article.]



Oct. 4, 2011

Transzap, Inc. Recognized As One of America's Fastest-Growing Private Companies by Inc. Magazine

DENVER and HOUSTON − October 4, 2011 - Transzap, Inc., provider of Oildex, the energy industry's leading source for ePayables, eRevenue, and eStatement software solutions, today announced it has been named to the 2011 Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies, based upon 3-year revenue growth. This honor marks the fourth time within the last year that Transzap has been recognized as a leading growth company or business technology innovator. [View complete article.]



Sept. 28, 2011

Source:
Accelergy Corp

Accelergy, Yankuang To Conduct Feasibility Study for Large-Scale
Coal-to-Liquids Plant In China


Accelergy Corporation, a global leader in the production of clean, high-grade, synthetic liquid fuels, announced a partnership with the Yankuang Group for a large-scale, low carbon, hybrid coal-to-liquids (CTL) plant. The plant will produce approximately 68,000 barrels of fuel per day, and construction of the project is expected to start as soon as feasible. [Download complete article.]



Sept. 13, 2011

RigNet, Inc. Added to Russell 2000 Index

HOUSTON, TX, September 13, 2011 - RigNet, Inc. (NASDAQ: RNET), today announced it has been added to the Russell 3000® Index and Russell 2000® Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 24, 2011. [Download complete article.]



Aug. 8, 2011

Austin GeoModeling, Inc. Announces Issuance of US Patent for 3D Geological Interpretation

AUSTIN, TX, August 8, 2011 – Austin GeoModeling, Inc (AGM) announced today the issuance to it by the US Patent Office of a patent that covers its next-generation 3D geological interpretation technology.
The patent for invention number 7,986,319 B2 is for a method and system for dynamic, three-dimensional geological interpretation and modeling. [Download complete article.]



July 7, 2011

OPXBIO Raises $36.5 Million to Accelerate Commercialization of Renewable Chemicals

BOULDER, Colo. – July 07, 2011 – OPX Biotechnologies Inc. (OPXBIO) today announced it has raised $36.5 million in the first closing of its C-Round private equity financing. The investment will accelerate OPXBIO’s development and commercialization of renewable, bio-based chemicals and fuels that are lower cost, higher return and more sustainable than existing petroleum-based products. US Renewables Group (USRG) led the C-Round investor syndicate, which also included new investor DBL Investors with strong participation by existing investors Mohr Davidow Ventures, Braemar Energy Ventures, Altira Group and X/Seed Capital. [Download complete article.]



June 29, 2011

Accelergy Unveils Pilot Plant and Signals Move Into Chinese Market

HOUSTON--(BUSINESS WIRE)--Accelergy Corporation, a global leader in the production of clean, high-grade, distillate liquid fuels, announced today that it has begun fuel production at its pilot facility at the Beijing Research Institute for Coal Chemistry (BRICC). The BRICC unit produces liquids that will subsequently be upgraded to specification products using Accelergy’s proprietary Micro-catalytic Coal Liquefaction (MCL) process and Chinese coal. It will produce all of the process information needed to support the design of large-scale coal-to-liquids facilities on a wide range of Chinese coals. [Download complete article.]



June 19, 2011

Southwest Windpower Skystream Turbine Receives Wind Industry's First UL Marking

DENVER - June 19, 2011 - Southwest Windpower today received the wind industry's first UL classification for a small wind turbine. With Skystream 3.7 now certified with the UL 6142 Standard for Small Turbines, this demonstrates that the turbine complies to important safety standards for customers, and it clears the way to be installed in any state in the nation that requires this certification.

[Download complete article.]



April 27, 2011

Accelergy Awarded $1.3 M Grant to Build Pilot Facility in Pennsylvania

HOUSTON & PITTSBURGH--(BUSINESS WIRE)--Accelergy Corporation, a global leader in the production of high-grade, domestically sourced liquid fuels, today announced it has received a $1.3 million grant from the Commonwealth of Pennsylvania to move forward on the construction of a facility to demonstrate its integrated coal-biomass-to-liquids (CBTL) technology platform at Intertek PARC, located at the U-PARC facility in Pittsburgh. [Download complete article.]



April 11, 2011

Dow and OPXBIO Collaborating on Renewable Route to Acrylic Acid

Dow and OPXBIO recently signed a joint development agreement to prove the technical and economic viability of an industrial-scale process to produce acrylic acid using a fermentable sugar (such as corn and/or cane sugar) feedstock with equal performance qualities as petroleum-based acrylic acid, creating a direct replacement option for the market. If collaborative research is successful, the companies will discuss commercialization opportunities that could bring bio-based acrylic acid to market in three to five years. [Download complete article.]



April 7, 2011

EPA Names Eco Power Solutions to Multi-Pollutant Removal Technology Short-List

BOSTON – April 7, 2011 - Eco Power Solutions’ COMPLY 2000® multi-pollutant removal system was named by the United States Environmental Protection Agency (EPA) to a short-list of technologies that “offer(s) the potential of reduced compliance costs and improved overall environmental performance”, according to the reference stated on pages 517-18 of the March 16, 2011, EPA proposed new source performance standards and MACT (Maximum Achievable Control Technologies) standards for fossil fuel-fired Electric Generating Units (EGUs). [Download complete article.]



February 9, 2011

Altira Group Plays Key Role In Recapitalization of Microseismic

Altira Group LLC (http://www.altiragroup.com) is pleased to announce its role in the recapitalization of MicroSeismic Inc. (http://www.microseismic.com) by TA Associates and Madrone Capital Partners.Houston-based MicroSeismic pioneered the use of surface and near-surface arrays for monitoring hydraulic fracture stimulations in natural gas reservoirs. This breakthrough technology enables operators to monitor the fracing of horizontal wells in real-time. MicroSeismic is profitable and growing, achieving revenue growth of more than 200% in 2010. - Read More.



April 11, 2011

Dow and OPXBIO Collaborating on Renewable Route to Acrylic Acid

Dow and OPXBIO recently signed a joint development agreement to prove the technical and economic viability of an industrial-scale process to produce acrylic acid using a fermentable sugar (such as corn and/or cane sugar) feedstock with equal performance qualities as petroleum-based acrylic acid, creating a direct replacement option for the market. If collaborative research is successful, the companies will discuss commercialization opportunities that could bring bio-based acrylic acid to market in three to five years. [Download complete article.]



April 7, 2011

EPA Names Eco Power Solutions to Multi-Pollutant Removal Technology Short-List

BOSTON – April 7, 2011 - Eco Power Solutions’ COMPLY 2000® multi-pollutant removal system was named by the United States Environmental Protection Agency (EPA) to a short-list of technologies that “offer(s) the potential of reduced compliance costs and improved overall environmental performance”, according to the reference stated on pages 517-18 of the March 16, 2011, EPA proposed new source performance standards and MACT (Maximum Achievable Control Technologies) standards for fossil fuel-fired Electric Generating Units (EGUs). [Download complete article.]



February 9, 2011

Altira Group Plays Key Role In Recapitalization of Microseismic

Denver Venture Capital Firm Assists Technology Company That Helped Unlock U.S. Natural Gas Renaissance Denver (PRWEB) February 9, 2011 Altira Group LLC (http://www.altiragroup.com) is pleased to announce its role in the recapitalization of MicroSeismic Inc. (http://www.microseismic.com) by TA Associates and Madrone Capital Partners. Houston-based MicroSeismic pioneered the use of surface and near-surface arrays for monitoring hydraulic fracture stimulations in natural gas reservoirs. Read More.



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