Pure Technologies’ Oil and Gas Business Could be Transformed by HM Acquisition, says Mackie

Mackie Research Capital analyst Raveel Afzaal notes that Hunter McDonnell Pipeline Services has more than 200 clients and very little overlap with Pure Technologies' much smaller oil and gas client base. He believes that the pickup could prove transformative to Pure's oil and gas pipeline inspection business.

The acquisition of the oil and gas pipeline inspection services business and related assets of Hunter McDonnell Pipeline Services (HM) could be “transformative” for Pure Technologies’ (TSX:PUR) oil and gas business, says Mackie Research Capital analyst Raveel Afzaal. Last Friday, Pure Technologies announced it would acquire the oil and gas pipeline inspection services business and […]

The NHL, which uses millions of gallons of water a year, needs tech solutions

Ex-Rangers goalie Mike Richter: “For me, the beauty of a frozen lake is more than free ice time; it is freedom itself. So it is truly a loss when these opportunities vanish in the shifting terrain of climate change.”

With the 2014-2015 National Hockey League season about to get underway, the NHL will be scrutinizing a few of its more wasteful practices as highlighted in its very first Sustainability Report, published this past summer. The NHL, while not single-handedly a significant climate villain, does require a lot of increasingly scarce resources to operate. For […]

Ottawa’s BluMetric Awarded Contracts On Panama Canal and In Canada’s North

BluMetric

Ottawa Cleantech firm BluMetric Environmental Inc. has announced two major new deals, following on from recent contracts totalling over $2 million. The first contract, announced yesterday, is an environmental consulting services contract with Public Works and Government Services Canada (PWGSC) in the Northwest Territories, Nunavut and the Yukon, valued at approximately $3 million over three […]

Hydrogenics climbs after announcing plans for Ontario energy storage plant

hydrogenics

Shares of Hydrogenics (TSX:HYG) are up today after the company announced it had been selected to partner with Enbridge on a Power-to-Gas storage plant that will deliver two megawatts of storage capacity and will be located in the Greater Toronto Area. Hydrogenics will supply its proton exchange membrane electrolyzers, which deliver carbon-free hydrogen without a […]

Intertape Polymer spikes after dividend increase

Intertape's Lili products, an acronym for "Low environmental impact line from IPG", has helped improve its margins.

Shares of Intertape Polymer (TSX:ITP) are up today after the company announced after the market close yesterday that its board had voted to increase its dividend by 50% from (US)$0.32 to (US) $0.48 per share. The company also said it would commence a share buyback that could see it buy as many as two-million of […]

Waterfurnace Renewable spikes 20% on takeover from Sweden’s NIBE

WaterFurnace's 115,000-square-foot headquarters in Fort Wayne, Indiana serves as a model for commercial geothermal installations. A pond loop and 41 of the company's own geothermal units meet all heating and cooling requirements for the facility.

Shares of geothermal energy firm Waterfurnace Renewable (TSX:WFI) are up nearly five dollars today after the company announced it has agreed to be acquired by Sweden’s NIBE Industrier AB. Under the agreement, which was announced after Waterfurnace’s stock was halted at the open today, shareholders will receive $30.60 in cash, a 27% premium to the […]

New Contracts Awarded to Ottawa Cleantech Firm BluMetric

"These contracts reflect the range of potential for BluMetric's water treatment technologies, as well as the strength of our growing sales representative network," said Dan Scroggins, President of BluMetric's Water Division.

Ottawa cleantech company BluMetric Environmental Inc. (TSXV:BLM) has just announced that its Water division has been awarded two new contracts, totalling $2 million combined. This follows on from recent news of two other new contracts, worth approximately $2.5 million, awarded to its Professional Services division. “Our goal for this year has been to stabilize operations, […]

Ottawa Cleantech Firm BluMetric Secures Water Treatment Contract

BluMetric

The Professional Services Division of Ottawa cleantech firm BluMetric Environmental Inc. (TSXV:BLM) has been awarded an engineering services contract extension, for an additional two years and valued at over $2.5 million, by mining company Vale Canada Ltd. The work involves semi-annual monitoring and reporting for more than 1,000 groundwater wells in Sudbury, Shebandowan and Port […]

Shares of Westport Innovations spike on strong Q1 revenue

Wesport says it expects the strong topline growth it posted in Q1 will dampen slightly in the remainder of fiscal 2014, and it will post revenue of  between $175-million and $185-million for the year, up somehwere between 7% and 13%.

Shares of Westport Innovations (TSX:WPT) are racing today after the Vancouver-based cleantech reported Q1, 2014 revenue that was up 39% over the same period last year. The company lost $23.9-million on revenue of $41.9-million, easily besting last year’s $31.8-million loss on $30.1-million in revenue. CEO David Demers focused on the company’s bottom line. “We have […]