ZUG, Switzerland — Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of
its Global Power Group has been awarded a contract by Fundación Ciudad
de la Energía (CIUDEN), an institution created by the Spanish
Government, for the design and supply of a circulating fluidized-bed
(CFB) unit for testing Foster Wheeler’s Flexi-BurnTM carbon
capturing CFB technology. This unit will be part of CIUDEN’s Integrated
Carbon Capture and Sequestration (CCS) Technology Development Plant
(TDP) located near Endesa’s Compostilla power plant in Ponferrada, Spain.
Foster Wheeler has received a full notice to proceed on this contract.
The terms of the agreement were not disclosed, and the contract value
will be included in the company’s first quarter 2010 bookings. The unit
is expected to be operational by the second half of 2011 with testing
programs expected to follow shortly thereafter.
Foster Wheeler will design and supply the 30 MWth Flexi-BurnTM
CFB test unit and some auxiliary equipment and provide site
advisory services for the project.
Flexi-BurnTM is Foster Wheeler’s version of carbon capture
technology based on oxygen combustion (commonly referred to as
“oxy-combustion” or “oxy-fuel”) for coal plants. Unlike, pre-combustion
(IGCC plant) or post-combustion technologies (amine CO2
scrubber placed behind conventional coal boilers), oxygen combustion
technologies allow the boiler to produce a CO2 rich flue gas,
thus reducing the need for expensive and energy-intensive CO2
gas separation equipment.
The CIUDEN unit will be designed to test burn a wide range of domestic
(anthracite) and imported coals, as well as biomass. One of the
objectives of the incorporation of this unit into the TDP is to validate
Foster Wheeler’s Flexi-BurnTM CFB technology at the required
scale before proceeding to a possible full-scale demonstration plant.
AmStem Corporation (OTCBB: AMST) announced that Histostem Ltd. of South Korea (”Histostem”), has signed a partnership with the Songpa-Gu Office, an office of the Seoul Metropolitan Government, to offer a program that will enable multicultural families to store umbilical cord blood, at no expense to them, for up to fifteen years. Umbilical cord blood contains an abundant supply of stem cells, which when properly stored, may be used as part of developing treatment therapies for many life-threatening diseases. By the terms of the agreement, Histostem will provide families access to advanced cord blood storage services as well as proprietary stem cell treatments derived from the stored blood. Songpa County will support Histostem with appropriate administrative and other necessary services for the successful launching of this program.
AmStems Chairman, Dr. Hoon Han, commented, “With more than 1.1 million foreigners now living in Korea, the number of multicultural marriages and families is on the rise. By providing these families the opportunity to store the donated umbilical cord blood, we give them access to autologous stem cells that may be used in the future treatment of certain cancers, such as leukemia, as well as immune and genetic disorders. In addition, by addressing the multicultural population in Korea, this collaborative opportunity also increases the genetic diversity of the available supply of umbilical cord blood derived stem cells — which may benefit Korean and foreign patients alike.”
This is the first cooperative cord blood storage program of its type in Korea and is expected to serve as a model for other local communities. David Stark, President of AmStem International, Inc., commented, “This provides AmStem and Histostem with another badge of validity with government health agencies around the world. A diverse genetic catalogue of autologous, HLA-typed stem cell resources such as cord blood is in extremely high demand right now — not only by individual families, but by government-sponsored scientists and other researchers worldwide. This is exactly the kind of collaborative, networking opportunity that AmStem hopes to expand in North America and Europe.”
With Histostems already-established repository of over 80,000 umbilical cord blood units and growing, AmStem controls one of the worlds largest single Cord Blood Banks. “This is just the beginning of AmStems planned commercial expansion into autologous, prospective, long-term cord blood storage; as well as the ability to link up with other major sources of cord blood to form an important resource for the worlds scientists,” concluded Mr. Stark.
About AmStem Corporation
AmStem Corporation (OTCBB: AMST) is in the field of regenerative medicine and is a leading provider of biotherapeutic and cosmetic stem cell products, stem cell collection and storage expertise and access to nanotechnology vital to stem cell research. AmStem owns and operates two subsidiaries: a.) 90% interest of Histostem Co. Ltd. (Korean Corporation) b.) 100% control of AmStem International, Inc. (Nevada Corporation).
Educational Testing Service is pleased to announce that more than 300 students, plus their families, attended Meadow Homes Elementary Schools “Family Literacy Night,” which was held on Tuesday, March 2, at the school. ETSs Concord office was a major sponsor of the event which coincided with Dr. Seuss National Birthday Celebration and NEAs Read Across America Day .
ETS volunteers and teachers read Dr. Seuss books in English and Spanish to the children followed by a birthday cake and refreshments served to celebrate Dr. Seuss Birthday. Each student received a Dr. Seuss book and a tote bag filled with school supplies such as pens, pencils, rulers, highlighters, Dr. Seuss stickers and book marks.
ETS Vice President and Chief Operating Officer for K-12 Large Scale Assessments, George Powell says, “ETS is proud to be part of the Concord community and proud to help Meadow Homes encourage their students to discover the excitement of reading.”
“ETS staff raised the money for the Dr. Seuss Books and the refreshments for the Family Literacy Night,” Rose Payan, ETS Senior Director, Large Scale Assessments, K-12 Assessment Programs, says. “We had a lot of fun and it was moving to watch the students select the books they were to take home. We had a wonderful turnout.”
The Dr. Seuss literacy celebration also includes a “Decorate Your Classroom Door Contest,” where students will decorate their classroom doors with a Dr. Seuss book theme, such as Green Eggs and Ham, to tie the book event to other aspects of their curriculum. The contest will be held on Tuesday, March 9. Powell and a team of ETS staff will judge the art contest. One classroom per grade level will win the pizza and juice, also sponsored by ETS.
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