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Industry Report

Prospect Financial to Serve as Speedemissions Investment Banker

Vehicle emissions testing and safety inspection company Speedemissions, Inc. recently announced it has engaged Los Angeles, CA-based Prospect Financial Advisors, LLC as the company's new investment banker.

"We are delighted to be working with Prospect Financial Advisors," said Speedemissions president and CEO Rich Parlontieri. "They have strong expertise in private and public markets, as well as being able to provide us with objective and professional input as we pursue our strategy of making acquisitions in selected markets as well as developing new stores."

Contact: Jason Assad, Speedemissions, phone 770-306-7667, website http://www.speedemissions.com.

(EIN STAFF: 3/30)

International Report

Indian Institute of Technology Unveils New Zero-emissions Bus

Express India recently reported that the Indian Institute of Technology (IIT) in Delhi has unveiled a new zero-emissions, electric-powered bus that is capable of achieving speeds of up to 65 kilometers per hour.

According to Express India, the electric bus, which can be operated for approximately 160 kilometers per charge, costs up to 2 million rupees (approximately $45,800) more to manufacture than compressed natural gas (CNG) buses.

"We started work on this project in 1996 with smaller buses," said IIT-Delhi Instrument Design Development Centre Eco-Friendly Transportation Group researcher R. Arokiasamy. "It was much appreciated by the government then. But before they could get commercialized, CNG buses came in."

(EXPRESS INDIA: 3/29)

Energine Develops New Compressed Air Vehicle Engine

CNN recently reported that Korea's Energine Corporation has developed a new compressed-air engine for use in a pneumatic-hybrid electric vehicle (PHEV).

According to CNN, Energine official Cheol-Seung Cho informed the news network that the compressed air for the engine is generated by a small, battery-powered motor, which also supports the PHEV's electric motor, and stored inside a tank.

"The compressed air is used when the car needs a lot of energy, such as for starting up the car and acceleration," said Cho. "The electric motor comes to life once the car has gained normal cruising speed."

CNN said Cho noted that the new system could potentially result in an up to 20-percent reduction in vehicle costs, as it eliminates the necessity for a fuel tank, spark plugs and cooling system.

(CNN: 3/30)

Conference Calendar

CARBON FORUM AMERICA 2008

Trade Fair and Conference jointly organized by the International Emissions Trading Associations and Koelnmesse will be the focal event for the carbon market in America.

February 26 - 27, 2008
Moscone Convention Center, San Francisco, CA.