Archive for the ‘Cleantech Transit Inc. CLNO’ Category

Cleantech Transit, Inc. (CLNO) Reviews Recent Appointments to Management Team

Wednesday, May 25th, 2011

Cleantech Transit, Inc. today announced the following appointments to the management team: Kenneth Bosket – President & CEO and Director, Lowell Holden – CFO & Director and Montse Zaman – Secretary & Treasurer and Director. A biography of each was provided with the press release.

Kenneth Bosket – President & CEO and Director

Mr. Bosket is co-founder of JaHMa, a music company in Las Vegas, Nevada, and a former board member and president of Bridge Counseling Associates, a mental health and substance abuse service company. Over his 30-year tenure with Sprint, he implemented appropriate procedures to position his organization’s goals for successful teaming relationships, marketing and customer service. He also managed various departments, being a western division facilitator working directly for a President of Sprint. Mr. Bosket has received numerous awards, such as the Pinnacle Award, for his exceptional service and community service involvements. Mr. Bosket earned a Master’s of Business Administration from the University of Phoenix and a Bachelor’s of Business Administration from National University.

Lowell Holden – CFO & Director

For more than twenty-five years, Mr. Holden has owned and operated his own consulting firm, LS Enterprises, Inc., which provides business consulting, accounting and other services. Mr. Holden’s wide range of business experience includes managing, securing financing, structuring of transactions, and is experienced and knowledgeable in managing relationships with customers, financing institutions and stockholders. Mr. Holden also has a background in assisting companies to fulfill their financial auditing and SEC reporting requirements. Mr. Holden currently serves as CFO and Chief Accounting Officer of Crown Equity Holdings Inc. (OTCBB: CRWE).

Montse Zaman – Secretary & Treasurer and Director

Montse Zaman has been and continues to be a director and officer for Crown Equity Holdings Inc. (OTCBB: CRWE) since 2008. Prior to that, she was an administrative assistant for a private consulting company.

The strong leadership of the new management team is anticipated to provide excellent leadership and direction for Cleantech Transit, Inc., as the company continues to meet the needs of green projects.

Let us hear your thoughts: Cleantech Transit Inc. Message Board

Cleantech Transit Inc. (CLNO) Biomass Gasification Facility Successfully Passes Interconnection Tests

Monday, May 23rd, 2011

On Friday, Cleantech Transit Inc. announced that the previously announced 500 KW biomass gasification facility located in Merced, California successfully passed their interconnection tests. The facility is now connected to the utility distribution grid.

The gasification technology uses a non-combustion process to convert Ag and other woody residues into a hydrogen rich gas (syngas). This syngas then undergoes conversion into electricity, along with heat and biochar. Biochar is a useful byproduct; it captures carbon in solid form and is useable as a soil amendment.

Essentially, the Phoenix Energy technology used at Merced cooks the biomass in an oxygen-deprived environment to release the elemental gasses from the wood. In the process, biomass converts into a carbon rich biochar. With the carbon fixed in solid form, this process provides a valuable soil amendment. Furthermore, this process also serves as a source of carbon sequestration.

Mr. Ken Bosket, Chief Executive Officer of Cleantech Transit Inc., stated, “We are delighted with the success that Phoenix Energy has had with the Merced project and look forward to working with Phoenix Energy to build a strong partnership.”

The expectation is that the Merced plant will produce enough electricity to power approximately 400 homes. The plant connected to the electricity grid under the State of California’s feed-in-tariff with a 15-year power purchase agreement.

Headquartered in Las Vegas, Nevada, Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. They have recently expanded their focus to invest directly in specific green projects that can maximize shareholder value.

For more information on the company, visit cleantechtransitinc.com

Let us hear your thoughts: Cleantech Transit Inc. Message Board

Cleantech Transit Inc. (CLNO) is “One to Watch”

Monday, May 23rd, 2011

Cleantech Transit Inc. is focused on capitalizing on technology advances and manufacturing opportunities in the growing clean energy public transportation sector as well as investing directly in green projects that show great potential. Through its business activities, the company is dedicated to reducing energy consumption and dependence on carbon based energy.

Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has invested in Phoenix Energy. The company’s eco-friendly system converts agricultural and wood waste (biomass) into cleaner burning energy and other salable byproducts, reducing a business’s operating and disposal costs while having a positive impact on the environment.

Through Phoenix’s proprietary gasification process, wood is converted into a synthetic natural gas to fuel a specially modified natural gas genset to produce electricity and heat. By using systems that are modular, the company is able to customize its solutions for a variety of power needs. If more power is required, units can be stacked for additional power in increments of 100 kW.

By installing Phoenix Energy’s wood waste gasification systems, customers reduce greenhouse gas emissions and groundwater contaminants while improving their own energy security and gaining access to renewable energy certificates, tax credits and other incentives. Leveraging partnerships with solid waste operators, agricultural producers and wood base manufactures, the company is well positioned for further growth.

Let us hear your thoughts: Cleantech Transit Inc. Message Board