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Lysholm-Vortech Strategic Alliance [2009/11/06] November 6, 2009

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CHANNEL ISLANDS, Calif., Nov. 5 /PRNewswire/ — Vortech Engineering, LLC has teamed with Opcon, AB, a Swedish company, to form a new company, VORTECH THREE, Inc., with an expanded technology portfolio and an international market capability.

Vortech Engineering, LLC, a privately held manufacturer of centrifugal compressors for the automotive OEM and aftermarket as well as the industrial and aero segments, has formed an alliance with Stockholm based Opcon. All shares of subsidiary Lysholm AB, will be transferred to the new company. Lysholm is a manufacturer of positive displacement "twin-screw" compressors for automotive OEM and aftermarket segments as well as marine markets. Vortech Engineering’s ownership retains majority interest of the new company.

The new firm will be called Vortech Three, Inc. and will provide leadership for the two operating companies: Lysholm/Vortech, which will sell both the centrifugal and screw type PD technology to the transportation sector, and Vortron, a former division of Vortech, which will manufacture industrial and electric powered compressors for the hybrid powered vehicle, aero, and industrial segments.

The advanced twin-screw compressor technology accessed from Opcon by Vortech Three as part of the deal will push Lysholm/Vortech into a world leadership position with both state of the art centrifugal and twin-screw positive displacement compressors for the auto aftermarket and OEM market segments.

"This was a great opportunity for us. Opcon wanted to focus on their green energy business, which opened the way for the deal to occur. We not only get a great existing product and technology, but also access to new technological developments in the future and increased market share," said Jim Middlebrook, President and CEO of Vortech Engineering.

Vortech Three, through its operating companies, is poised for world-wide manufacturing and distribution of many of its products. 2010 will find Vortech products in multiple continents from its headquarters in Channel Islands, California, USA. Visit www.vortechsuperchargers.com.

SOURCE Vortech Engineering, LLC

<< — 11/06/2009>>

Grocery store objects to church as neighbor [Tri-City Herald, Kennewick, Wash.] [2009/11/06]

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Nov. 5–After meeting for more than a year in temporary quarters on Vineyard Avenue, members of the Living Room Church in Kennewick were ready to relocate to a permanent house of worship a few blocks away next to Schuck’s auto parts store at Fourth Avenue and Olympia Street.

But the congregation is learning it may be easier to move a mountain than move into a commercial building where parking space is a premium.

Kennewick’s Board of Adjustment im-posed additional conditions on a use permit for the church at a hearing Wednesday night.

The church’s application for a conditional use permit to relocate to 325 W. Fourth Ave. was approved last summer by the city planning staff until the property owner at Schuck’s announced two weeks later that the parts store was leaving and a grocery store would take its place.

A turf battle over the parking lot ensued.

Curtis R. Smelser, an attorney from Seattle representing Kin Properties Inc. of Boca Raton, Fla., told the Kennewick Board of Adjustment on Wednesday night that the church wasn’t a good fit for the commercially zoned property and that the church had a legal right to challenge the grocery store’s license to sell beer and wine.

"The parking issue is a major concern, but almost equally important is the church is not a commercial use," Smelser said.

Once church officials learned that the grocery story could claim use to the majority of the parking lot at 315-325 W. Fourth Ave., they went down the street 400 feet and found offsite parking that would satisfy city officials.

Wes Romine, Kennewick’s development services manager, said the 450-seat church needed to find a place for 65 more vehicles within 500 feet of the church.

But the quick fix for additional parking didn’t satisfy Smelser, who argued that unless the board put more conditions on the use permit, church-goers might not use the offsite lot in the former Food Pavilion building that’s now owned by the Kennewick School District.

"The parking solution is not enforceable. It can be withdrawn tomorrow and is not adequate," he said.

The church got school district officials to grant permission for the extra parking, but it is not a permanent arrangement.

Smelser also said Kin Properties objects to the church as a neighbor.

"You need to consider whether (the church’s presence) is injurious to the commercial property. You’ve got a right and a duty to consider that," Smelser told the board.

The attorney said church officials’ promise not to object to beer and wine sales wasn’t good enough. He said it should be in writing.

No one from the church attended the board meeting, which ran for an hour, followed by a 40-minute closed board discussion about the dispute.

Rather than deny the use permit, the board chose to add more conditions. They include requiring the church to "enforce, monitor and regulate" to ensure that Sunday worshippers do not park outside the church’s designated parking areas, that they provide the city a written statement they will not object to reasonable commercial activity at the store’s location and that they notify the city within 10 days if the school district withdraws the offsite parking agreement.

The board also wants the church to pay for installing a new crosswalk across West Fourth Avenue at Mayfield Street, if recommended by the city’s traffic engineer.

– John Trumbo: 582-1529; jtrumbo@tricityherald.com

To see more of the Tri-City Herald, or to subscribe to the newspaper, go to http://www.tri-cityherald.com.

Copyright (c) 2009, Tri-City Herald, Kennewick, Wash.

Distributed by McClatchy-Tribune Information Services.

For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

<< — 11/06/2009>>

Charity will help kids, families [The Wichita Eagle, Kan.] [2009/11/06]

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Nov. 5–People who need help this holiday season may apply for the Catholic Charities Christmas Sharing program beginning Nov. 16.

The charity distributes toys, hats and gloves for children ages 17 and under and food to adults and families.

Applications will be accepted from 9 a.m. to 5:30 p.m. Nov. 16-19 at 5725 E. Kellogg, in a former auto parts store on the frontage road east of Edgemoor. Clothing and food will be distributed at the same location Dec. 11-12.

Those who apply need to bring a personal photo ID, proof of address such as a utility bill, proof of household income such as a payroll stub or bank statement, and an official document listing Social Security number and date of birth for each child and adult in the household. Documents from schools will work.

Spanish-speaking translators will be available all four days. A Vietnamese translator will be available Nov. 17.

Catholic Charities helps individuals who are not enrolled in other holiday assistance programs. Last year it helped about 900 children and 300 families.

"We already have seen an increase at our food pantry" because of the recession and high number of layoffs, said Teresa Kunze, spokeswoman for Catholic Charities. "So we definitely are expecting a high volume" of families in need.

Volunteers also are needed to help set up and decorate the facility, organize donations, distribute items and clean up after the event.

For information on applying for assistance, volunteering or donation needs, call 316-264-8344.

Reach Suzanne Perez Tobias at 316-268-6567 or stobias@wichitaeagle.com.

To see more of The Wichita Eagle, or to subscribe to the newspaper, go to http://www.kansas.com.

Copyright (c) 2009, The Wichita Eagle, Kan.

Distributed by McClatchy-Tribune Information Services.

For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

<< — 11/06/2009>>

German FM demands GM pay back loan, protect jobs [2009/11/06]

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WASHINGTON_Germany’s new foreign minister is demanding that General Motors protect jobs in its European unit Opel and return a German government loan.

Guido Westerwelle spoke after talks with U.S. lawmakers. He was also meeting Secretary of State Hillary Rodham Clinton.

The comments come two days after GM decided to keep Opel, rejecting a deal to sell a majority of its European operation to a group led by Canadian auto parts maker Magna. The German government backed that deal and provided a euro1.5 billion ($2.2 billion) bridge loan to keep Opel afloat.

Westerwelle said Thursday he was making clear in his meetings that the loan "must be paid back."

GM has said it would cut about the same number of jobs at Opel as Magna would have.

<<The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. — 11/06/2009>>

(c) 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Opel workers in Germany plan protests [2009/11/06]

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BERLIN_Employees of General Motors Co.’s unit Opel are planning protests and work stoppages at four German factories against the decision to abandon the sale of the automaker.

Some 25,000 Opel employees were expected to vent their frustration and anger Thursday at GM, which after months of overwrought negotiations decided late Tuesday to call off Opel’s sale to Canadian auto parts maker Magna International Inc. and Russian lender Sberbank.

The move has been heavily criticized by German and Russian politicians. The employees fear GM’s decision to restructure the automaker could result in big layoffs and job cuts.

<<The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. — 11/06/2009>>

(c) 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Granite Construction Declares Quarterly Dividend [2009/11/06]

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WATSONVILLE, Calif.–(BUSINESS WIRE)– Granite Construction Incorporated (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable January 15, 2010 for stockholders of record December 31, 2009.

About Granite

Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the Domini 400 Social Index and the Russell 2000. Granite Construction Company, a wholly owned subsidiary, is one of the nation’s largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public and private sector clients through its offices and subsidiaries nationwide. For more information about Granite, please visit their website at www.graniteconstruction.com.

Granite Construction Incorporated

Jacque Fourchy, 831-761-4714

Source: Granite Construction Incorporated

<<Business Wire — 11/06/2009>>

Copyright Business Wire 2009

Graham Corporation to Present at Baird’s 2009 Industrial Conference [2009/11/06]

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BATAVIA, N.Y.–(BUSINESS WIRE)– Graham Corporation (NYSE Amex: GHM) announced today that Jeffrey Glajch, Vice President and Chief Financial Officer, will present at the Baird 2009 Industrial Conference in Chicago, IL on Tuesday, November 10, 2009, at 8:20 a.m. CT / 9:20 a.m. ET.

A live webcast of the presentation will be available on the Company’s website at www.graham-mfg.com and a slide presentation will be available on the website, in the Investor Relations section.

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of custom-engineered ejectors, pumps, condensers, vacuum systems and heat exchangers. For over 70 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham’s equipment are the energy, petrochemical and other process industries. Graham’s equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning.

Graham Corporation’s reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on the Company can be found.

Graham Corporation

Jeffrey Glajch, 585-343-2216

Vice President Finance and CFO

jglajch@graham-mfg.com

or

Kei Advisors LLC

Deborah K. Pawlowski, 716-843-3908

dpawlowski@keiadvisors.com

Source: Graham Corporation

<<Business Wire — 11/06/2009>>

Copyright Business Wire 2009

Thomas & Betts Corporation to Participate in the Citi Industrial Manufacturing & Transportation Conference [2009/11/06]

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MEMPHIS, Tenn.–(BUSINESS WIRE)– Thomas & Betts Corporation (NYSE: TNB), a leading designer and manufacturer of electrical components used in industrial, commercial, communications and utility markets, will participate in the Citi Industrial Manufacturing & Transportation Conference on Wednesday, November 11, 2009 at 10:00 a.m. EST in New York.

The presentation will be given by William E. Weaver, Jr., senior vice president and chief financial officer, and will be simultaneously webcast on the investor relations section of the Thomas & Betts Corporation web site: www.tnb.com. The webcast will be available on-line through December 11, 2009.

In addition to electrical products, Thomas & Betts is also a leading producer of commercial heating and ventilation units and highly engineered steel structures used, among other things, for utility transmission. Headquartered in Memphis, Tenn., the company has manufacturing, distribution and office facilities worldwide. In 2008, Thomas & Betts reported revenues of $2.5 billion.

Thomas & Betts Corporation

Tricia Bergeron, 901-252-8266

tricia.bergeron@tnb.com

Source: Thomas & Betts Corporation

<<Business Wire — 11/06/2009>>

Copyright Business Wire 2009

Builders Applaud Congress on Extending Home Buyer Tax Credit [2009/11/06]

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WASHINGTON–(BUSINESS WIRE)– The National Association of Home Builders (NAHB) today applauded Congress for passing legislation that will extend and expand the $8,000 first-time home buyer tax credit, stating that this will provide a much-needed boost to the fragile housing market and economy.

“We commend lawmakers for acting in a bipartisan manner to extend the first-time home buyer tax credit beyond its Nov. 30 deadline and expand it to a wider group of home buyers,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. “The tax credit has proven to be a powerful economic incentive. Today’s action by Congress will further stabilize housing and the economy by creating new jobs, stimulating home sales, reducing foreclosures, cutting excess inventories and stabilizing home prices.”

The new law will extend the $8,000 credit for first-time home buyers for sales contracts entered into by April 30, 2010 and closed by June 30. Further, it has been expanded to include a new $6,500 credit for owners of existing homes who are purchasing a new principal residence. An existing home owner can claim the $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight. Additionally, the income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.

NAHB estimates that the extended and expanded home buyer tax credit will create 211,000 jobs and generate 180,000 additional home sales in the coming year. It is also expected to generate $9.6 billion in wage income and $6.9 billion in federal, state and local taxes.

The legislation, which also extends unemployment insurance benefits and offers relief to cash-strapped firms by providing broader tax benefits for businesses with net operating losses (NOLs), is expected to be signed into law shortly by President Obama.

“The new NOL rules will throw a lifeline to struggling businesses, allowing them to continue making payrolls, paying business loans and otherwise keep their doors open until the economic recovery takes hold,” said Robson.

ABOUT NAHB: The National Association of Home Builders is a Washington, D.C.-based trade association representing more than 200,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. Known as "the voice of the housing industry," NAHB is affiliated with more than 800 state and local home builders associations around the country. NAHB’s builder members will construct about 80 percent of the new housing units projected for 2009.

National Association of Home Builders (NAHB)

Paul Lopez, 202-266-8409

plopez@nahb.org

www.nahb.org

Source: National Association of Home Builders (NAHB)

<<Business Wire — 11/06/2009>>

Copyright Business Wire 2009

Hurricane Electric Expands Energy Efficient Colocation Facility [2009/11/06]

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New 24,000 square-foot expansion secures large incentive from Pacific Gas and Electric

FREMONT, Calif.–(BUSINESS WIRE)– Hurricane Electric, the world’s largest IPv6-native Internet backbone and leading colocation provider, today announced the third build out of its 208,000 square-foot Fremont2 data center. This expansion project secured a substantial incentive from Pacific Gas and Electric (PG&E).

The newly added 24,000 square-foot space (formerly an Apple manufacturing facility) has a power capacity of three megawatts and employs some of the most efficient equipment and techniques available, including:

  • Eaton Corporation’s 9395 UPS system, which operates at 99% efficiency in Energy Saver Mode
  • McQuay’s Maverick II(TM) Rooftop HVAC System, featuring variable-frequency drives (VFDs), powered exhaust, and a 100% economizer mode
  • Cold aisle/hot aisle data center layout

“Our energy efficient infrastructure reduces our carbon footprint,” said Benny Ng, Hurricane Electric’s Director of Infrastructure. “But it also reduces our energy bills, making our services more cost-competitive.”

The facility is outfitted with popular colocation amenities, including 24/7 on-site knowledgeable staff, sophisticated up-flow HVAC systems, and uninterruptible power sources with back-up generators. The facility also contains a state-of-the-art digital-video surveillance system that monitors every entrance, exit, hallway and rack in the facility.

At 8:30 AM today, Hurricane Electric will hold a grand opening event to celebrate the new data center. Mark Bramfitt of PG&E will discuss the incentive that Hurricane Electric secured.

About Hurricane Electric

Founded by Mike Leber in a garage in 1994, Hurricane Electric is now a leading Internet backbone and colocation provider specializing in colocation, dedicated servers, direct Internet connections and web hosting. Hurricane Electric operates several data centers and its own international backbone network, running multiple OC192s, OC48s and Gigabit Ethernet.

For additional information on Hurricane Electric, please visit http://www.he.net.

Milldam Public Affairs LLC

Adam Waitkunas

978-369-0406 (office voice)

978-828-8304 (mobile)

awaitkunas@milldampa.com

Source: Hurricane Electric

<<Business Wire — 11/06/2009>>

Copyright Business Wire 2009