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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

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Post by musingon May 23, 2005 12:12pm
210 Views
Post# 9067095

Today's Interesting News

Today's Interesting NewsHere is the link, followed by the news. https://stockhouse.com/news/news.asp?newsid=2779844&tick=P BNSF to Expand Use of Environmentally Friendly 'Green Goat(R)' Switch Engines in Los Angeles Area and Texas 5/23/05 Hybrid Switch Engine Joins LNG Locomotives for Service in L.A. Basin; Four Cabless Hybrid Locomotives Ordered for Service in Texas FORT WORTH, Texas and LOS ANGELES, May 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- BNSF Railway Company (BNSF) and RailPower Technologies Corp. (Toronto: P) have announced that BNSF will keep its "Green Goat(R)," an environmentally friendly hybrid switch engine, in service for five years in the Los Angeles area and that it is acquiring four cabless Green Goat(R) units for use in Texas. (Photo: https://www.newscom.com/cgi-bin/prnh/20050523/DAM049 ) In Los Angeles, the Green Goat(R) joins BNSF's four Liquefied Natural Gas (LNG) locomotives in service elsewhere in the area; the four are the only LNG locomotives in the country. The Green Goat(R) uses a relatively small, clean, efficient, diesel genset in conjunction with over 300 batteries to improve fuel economy and reduce pollution. Hybrid Locomotives to be Added in Texas The four GG20B cabless hybrid locomotives for Texas service will be delivered later this year. BNSF was awarded clean-air grants in July 2004 by the Texas Emissions Reduction Program (TERP) for implementation of the hybrid technology. "BNSF works hard to improve air quality in the communities it serves," says Mark Stehly, BNSF's assistant vice president environmental and research and development. "BNSF is also reducing emissions on other locomotives by installing automatic start-stop technology on locomotives, retrofitting older engines, and reducing train resistance (drag) through low torque bearings, wheel/rail lubrication to reduce friction and reduced aerodynamic drag." "The cabless hybrid locomotive is an important development for RailPower as we seek to go forward providing product for specific needs of our partners in the railroad industry," said RailPower President and CEO Jim Maier. "This product, the first of its kind and based on our core hybrid design, is purely for remote control use. The operator will be able to control the locomotive from onboard or trackside using a portable RC system. "Remote control is a growing trend in switching service as railroads seek to reduce costs and make yards even more efficient. At the beginning of this year, there were an estimated 1,500 systems in use by North American carriers, including 23 U.S. railroads," stated Maier. RailPower's hybrid locomotives feature small diesel gensets and large banks of recyclable lead-acid batteries. Remanufactured from existing switcher locomotives, they cut oxides of nitrogen (NOx) and particulates 80-90 percent, while reducing greenhouse gases and diesel fuel consumption 40-70 percent when compared to conventional yard switchers in the 1,000 to 2,000 horsepower range. Commitment to Air Quality The Green Goat(R) and LNG locomotives are part of BNSF's commitment to improving air quality across its system. The railway also is acquiring new locomotives and retiring older and less efficient ones. Between 1996 and 2004, BNSF acquired more than 2,250 cleaner burning, fuel-efficient locomotives representing about half of its current fleet. BNSF will acquire an additional 285 locomotives for 2005. According to data tracked by the Association of American Railroads, U.S. freight trains have become so fuel efficient that they are now moving each ton of freight over 400 miles on each gallon of fuel consumed. That is about three times the fuel efficiency of moving the same tonnage exclusively by truck. And each double stack intermodal train can carry more than 300 truckloads. RailPower, (https://www.railpower.com ) a leader in specialized energy technology systems for the transportation and power generation industries, is headquartered in North Vancouver, BC. Its U.S. engineering headquarters is in Erie, Pa. A subsidiary of Burlington Northern Santa Fe Corporation (NYSE: BNI), BNSF Railway operates one of the largest railroad networks in North America, with about 32,000 route miles in 28 states and two Canadian provinces. The railway is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad, transports the components of many of the products we depend on daily, and hauls enough low-sulphur coal to generate about ten percent of the electricity produced in the United States. BNSF Railway is an industry leader in Web-enabling a variety of customer transactions at https://www.bnsf.com . SOURCE BNSF Railway Company; RailPower Technologies Corp. Lena Kent of BNSF Railway Company, +1-909-386-4140; or Nigel Horsley of RailPower Technologies Corp., +1-604-904-0085, Ext. 215 https://www.prnewswire.com Copyright (C) 2005 PR Newswire. All rights reserved.
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