Boston, MA 10/15/2014 (wallstreetpr) – Rice bran products and derivatives manufacturer RiceBran Technologies (NASDAQ:RIBT) announced that it is further expanding its existing Healthy Natural, Inc. operational plant in Irving, Texas. The expansion has become warranted after demand for its Rice bran based nutricosmetics products has picked up steam, resulting in the need to increase its production capacity. In the month of September, the firm had reported that it had developed a new line of cosmetic and nutritional products based on its speciality rice bran raw material. The plan to expand its existing manufacturing set up is set to begin in November of 2014 and is slated to finish by July of 2015.
UQM Technologies Inc. (NYSEMKT:UQM) announced on 14th October that it’s flat ship electric motor called the “ UQM PowerPhase® 100kW” and controller system had been used to power the Abel Yachts LightWave Ampere yacht on September 23, 2014. The new engine was tested out during the recently concluded “Unlimited Electric Runabout” tournament. The event involves the yacht being sailed at an average speed of 32.9 knots per hour, while two passengers are on board. The speed should be maintained over a distance of one mile. The Yacht was measured at 1020 kgs.
Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) announced on 14th October that it had signed off on a agreement which commits it to acquire a booming retail centre spread across 107,122 square foot for a purported $9.75 million. This translates into selling price of $91.02 per square foot of the commercial space called Crockett Square. The firm hopes to complete the transaction by availing bank debt in addition to using cash it has on hand. Company Chairman and Chief Executive Officer Jon S. Wheeler expressed happiness at the signing of the buyout contract and opined that the new property would be accretive to their bottom line from the next fiscal year.
