To: kamtrader who wrote (1055 ) 7/12/1999 2:45:00 PM From: AriKirA Read Replies (1) | Respond to of 77509
Salut tout le monde, Malheureusement, je suis dans le rush aujourd'hui donc je n'ai même pas eu la chance de lire les messages d'aujourd'hui. Ce soir... En attendant, pour faire un follow up sur GLE, je viens de constater qu'il y a eu un communiqué. Drôle comment le marché le saivait avant nous... Cette compagnie m'impressionne de jour en jour! Je crois sincèrement que cette compagnie va dépasser le prix de Ballard un de ces jours. Global Thermoelectric Inc - Global Thermoelectric wins $19-million contract Global Thermoelectric Inc GLE Shares issued 20,853,350 1999-07-09 close $9.1 Monday Jul 12 1999 Mr. Jim Perry reports Global Thermoelectric has received a $19-million contract to supply thermoelectric generators and related equipment and installation services for the Gas Authority of India Limited. A letter of intent for the contract was announced at the end of May. Goods supplied from Canada will amount to about $12-million; equipment and services in India total about $7-million. "This is the largest generators contract ever awarded to Global," said Bernie LeSage, vice-president of the generators division. "The Gas Authority of India has accelerated the project so that about $6-million of Canadian-supplied goods, half of the total to be delivered, will be shipped this fiscal year. Work in India should commence within four to six months. We have already hired a project manager and a project engineer in Calgary, as well as a project engineer in India to oversee the in-country site and installation work. In addition, we will soon be hiring about 20 people at our manufacturing plant to handle the increased work load." The contract covers the supply of thermoelectric generators to provide turnkey power systems for cathodic protection and telecommunications systems for a major new LPG pipeline that will be constructed from Jamnagar on India's west coast of the Arabian Sea, more than 1,100 to Loni, near Delhi. In addition, Global will construct mounting pads and install the generators along the pipeline. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com