Impact Solano, the North Bay Business Journal’s upcoming conference focusing on this county, will be held Wednesday from 8 to 10:30 a.m. at the Hilton Garden Inn in Fairfield. Cost is $45 per person and tables are also available. Call Linda Perkins, 707-521-5264.

The conference will feature an economic outlook and panel of of local speakers.

Robert Eyler

Robert Eyler, Ph.D.

Director, Executive MBA Program and Frank Howard Allen Research Fellow, Sonoma State University

Dr. Eyler will provide attendees with a macroeconomic overview of the nation and region, given the events of 2011 as the context for a general preview at 2012, followed by a close up outlook at Solano County.

His current forecast for 2012 for both national and state economies will be presented. The rationale behind this forecast will include an analysis of labor the market’s ability to generate jobs and reduce unemployment, and the slow growth of both production and incomes.  

“There are some caveats to 2012 being a year of continued, positive economic news that must be explored,” Dr. Eyler said. “The state budget may change in January, based on an inability of California to generate tax revenue to cover expenses in the first half of 2012, which may lead to state-level cuts.”

Looking ahead, the federal government will be gearing up for an election year, meaning 2012 could be another year of stagnation and rhetoric versus proactive economic planning, according to Dr. Eyler.

At the local level, he believes Solano County should continue utilizing its defined clusters in life sciences, food and energy, as well as recognizing that regional competition will continue from all directions as both housing markets and job markets continue to recover slowly.  

“The challenge for Solano County will be continuing to grow in the midst of macroeconomic uncertainty and slow movement in other markets that would support business clusters,” he said, noting clusters such as construction, professional and personal services.

Sandy Person

Sandy Person

Interim president, Solano County Economic Development Corp.

 Ms. Person will describe the demographics of Solano County and its proactive economic development process.

She will also discuss the county’s business-friendly market environment and offer a preview of new commercial real estate transactions that are attracting an increasing number of firms into the area — including two hybrid and all-electric vehicle manufacturers.

   “Solano is one of the fastest growing sectors in the North Bay.  It is a region that has plenty of open space for large and small plants and offices of every size,” she said.  

Ms. Person will also provide a rationale on why so many firms are choosing to locate in Solano and what is attracting them.

“Major transportation arteries, more space to grow and expand, access to rail heads and air transport, plus close proximity to suppliers and partners, are some of the reasons for the recent flurry of new arrivals — with more to come.

“We are experiencing a relocation and corporate migration trend as firms move from other cities and counties into our area to avail themselves of the many advantages our county has to offer,” she said.

“The EDC’s mission is to facilitate economic development and assist these firms in navigating the process.”

“Solano is truly becoming an industrial dynamo of Northern California. It’s an area with so much to offer.” 

David Payne

David Payne

Manager of operations, Altec Industries, Inc.

Mr. Payne will provide the audience with the reasons why his firm, one of the largest manufacturers of hybrid commercial vehicles, originally located in Solano and has decided to remain there.

The company’s Dixon Final Assembly Plant serves the western U.S. (including Alaska and Hawaii) and the Pacific Rim.

“This location is logistically ideal given its proximity to Interstates 80 and 5, shipping ports, and supply chain support from either Sacramento or Bay Area businesses,” Mr. Payne said.   

“Our recent decision to stay in Solano County and expand our current operation, rather than relocate, was primarily motivated by Altec’s appreciation of this area and its corporate citizenship.”

Altec has enjoyed a good reputation in the local community since 1988 — one that allows it to easily recruit from a qualified labor pool to build a stable work force. He said competitive pay and benefit packages enhance an attractive, enjoyable work environment.

Pacific Gas Electric is Altec’s largest West Coast customer. PGE’s fleet office is located in nearby Davis. PGE and Altec have collaborated to create several hybrid solutions for utility vehicles, leading to a new expansion of Altec’s Green Fleet Focus Factory.  

“In addition to our partnership with PGE, U.C. Davis offers untapped resources in research, development, and validation of hybrid vehicle designs.”

Gary Passama

Gary Passama

President and CEO, NorthBay Healthcare

As Solano County grows, employers and residents expect to see healthcare services expand to accommodate more workers and families. Mr. Passama’s presentation will address his company’s plans for achieving this.

Amid the uncertainties of health care reform and the economy, NorthBay Healthcare is planning to move ahead with a bold strategic plan that will bring new advanced medical services to an underserved Solano County.

After opening the county’s first open-heart surgery and cardiac care program, NorthBay is poised to be the first to provide trauma care in the county.

Mr. Passema has an ambitious agenda and timetable, one that includes a plan designed to grow emergency services to become the county’s premier center for heart attack treatment. 

All of this is set against a backdrop that is even more ambitious — a major hospital expansion project at NorthBay VacaValley Hospital. 

This $120 million project will result in doubling the acute care hospital in Vacaville and will position this independent, community-based, non-profit healthcare system to meet the revolution in healthcare delivery that is coming down the pike — along with the medical needs of the rapidly-expanding commercial and residential population in Solano County.

The health care industry is one of the largest employers in the North Bay and generates more $15.3 billion in revenue in the San Francisco Bay Area alone, according to recent news reports.

Copyright © 1988–2011 North Bay Business Journal
View the policy for linking to website content.

Topics: Altec Industries, Dr. Robert Eyler, Impact Solano 2011, Impact Solano report 9-19-2011, North Bay Business Journal 9-19-2011, NorthBay Healthcare, Sandy Person, Solano County, Solano Economic Development Corporation | Categories: Banking and Finance, Education, Food and Beverage, Health Care and Senior Living, Hospitality and Tourism, Industry News, Manufacturing

Article source: http://www.northbaybusinessjournal.com/40242/impact-solano-to-focus-on-future-of-key-region/

ORLANDO, Fla., Aug. 29, 2011 /PRNewswire via COMTEX/ –
GDT Tek, Inc.


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today announced that the Company’s JV Corporation Steriwave-GDT TEK, LTD has initiated a $50,000,000 Bond offering to provide additional capital for deployment of the Companies “Phoenix” waste heat to electricity systems. The Company’s planned Webinar will be postponed till August 30, 2011 so we can respond to all the questions asked by our shareholders. If needed due to time constraint any unanswered questions will be responded to it on the Company’s Website in the new FAQ category tab. Examples of some of the questions asked are as follows: How do you plan to expand operations based upon expected increased demand for the Phoenix system with your current level of employees: why the rapid increase in the number of shares issued, and the most frequently asked question being, will the Company recapitalize the companies share structure.

Bo Linton, President of GDT Tek, Inc. stated that, “The Company has now submitted proposals to deploy the Phoenix to several different companies that could increase GDT Tek’s electricity generation to over 50 MW. This is based upon the expectation of acquiring at least half the proposed PPAs (power purchase agreements) submitted. The $50,000,000 Bond offering will provide additional [debt] capital so we can respond to the new PPA in a timely manner.”

“As for the Webinar,” continued Mr. Linton, “we want to provide sufficient time to respond to as many of the questions asked in the Webinar broadcast the ones that we did not have time for with-in the Webinar itself will be responded on our website’s new FAQ category, in that way we will be able to make sure we respond to all of the questions.”

“Also, for all of our investors who may have missed the 2 news articles about GDT Tek, prepared for the New York Times, North Bay Business Journal by Jeff Quackenbush and or the news article prepared for the Times-Herald Newspaper, part of MediaNews Group by Rachel Raskin-Zrihen, which ran a story about GDT Tek’s first commercial scale waste heat to electricity project being installed at American Canyon Landfill in Napa California, please go to their corresponding websites to view the articles,” concluded Mr. Linton.

The North Bay Business Journal article can be viewed online at the following link

North Bay Business Journal website;
www.NorthBayBusinessJournal.com .

Click on the North Bay Business Journal E-Edition graphic link in the right column of the home page to view the article as it appears in print.

The Times Herald article can be viewed online at the following link

http://www.timesheraldonline.com/ci_18753886?IADID=Search-www.timesheraldonline.com-www.timesheraldonline.com

About North Bay Business Journal

Jeff Quackenbush, Staff Reporter (commercial real estate, environment, endangered species, construction, wine) and Interactive Editor North Bay Business Journal, A New York Times Co. weekly business-to-business newspaper covering Sonoma, Napa, Marin, Solano, Mendocino and Lake counties in the north San Francisco Bay area.

About GDT Tek, Inc.

GDT Tek, Inc. is an Orlando, Florida-based publicly traded company


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focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek’s waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that “Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek’s heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today’s changing world market.”

RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. It holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.

Steriwave-GDT TEK LTD
www.steriwave-gdt-tek.com is a JV company with Steriwave Hungary LTD and is 50% owned subsidiary of GDT Tek. Steriwave-GDT TEK holds the ownership of the American Canyon Landfill project and has filed a patent application for a system that safely removes and captures methane hydrates from undersea reserves.

GDT Tek, Inc.’s website is
www.gdttek.com , which is in the process of being updated; please sign up for our newsletter (
http://www.gdttek.com/info-signup.php ) for future information about the company.

Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

        GDT TEK, Inc Contact information: If you have a question or comment, please send inquiry
                                          via email to info@gdttek.com, or via phone 407-574-4740.

SOURCE GDT Tek, Inc.

Copyright (C) 2011 PR Newswire. All rights reserved

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Article source: http://www.marketwatch.com/story/steriwave-gdt-tek-ltd-begins-bond-offering-process-for-50000000-2011-08-29