ROHSTOFF INTERNATIONAL

8:01 | 21.01.2009
Radiant Provides Update on De-icing Operations at JFK and Closing of Loan by Insider

TORONTO, ONTARIO–(Marketwire – Jan. 21, 2009) – Radiant Energy Corporation, (TSX VENTURE:RDT) (”Radiant” or the “Company”) announces very positive operations this winter season at the state-of-the-art deicing system at the John F. Kennedy Airport “(JFK”) in New York. The de-icing system has been utilized on 13 days this season, de-icing 80 aircraft. On several of these days there were significant icy conditions and Radiant’s system assisted in ensuring customers’ flights were dispatched on time. Certain customers at JFK are using the system exclusively for their de-icing requirements.

“We are averaging well under 15 minutes of de-icing time per aircraft,” commented David Speirs, President & CEO of the Company’s U.S. subsidiary. “Airlines using the system are recognizing the benefits of the shorter and more predictable time taken to de-ice their aircraft, which results in smoother scheduling and cost savings. This is the third year of operation at JFK, and the number of airlines using the system regularly continues to build, as do the number of enquiries from potential new customers. Recognizing that the weather has been more in our favor this year, we have already de-iced more aircraft with our system than we treated for all of last season.”

Radiant also announces that it has closed a loan to Radiant of Cdn$300,000 (the “Loan”) from a company controlled by Gregory O’Hara, a director of Radiant who beneficially owns or controls more than 10% of the issued and outstanding common shares of Radiant, as previously announced on January 12, 2009. The net proceeds of the Loan will be used to address working capital requirements while Radiant continues to work toward the closing of its previously-announced private placement of common shares through Brant Securities (the “Private Placement”). The Loan has a twelve month term without interest and can be repaid at any time. The Loan is unsecured, provided that the Private Placement closes by the end of January 2009. If the Loan is not repaid by this time the lender has the right to a security interest in all of the assets of Radiant, provided all required prior consents are obtained. The lender has also been issued warrants to purchase up to 300,000 common shares of Radiant at a price of Cdn$0.12 per common share with a 12-month term.

About Radiant Energy Corporation

Radiant is the developer and marketer of Radiant Deiicing Systems. The Company’s product is the only non-glycol based alternative approved by the US Federal Aviation Administration for the pre-flight ground de-icing of aircraft. Aircraft de-icing with Radiant’s technology offers savings to airports and airlines over the use of conventional glycol-based de-icing systems, reducing aircraft treatment costs and significantly reducing the negative impact of glycol on the environment.

This press release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of Radiant Energy Corporation, which involve risks and uncertainties. These risks and uncertainties may cause Radiant’s actual results to differ materially from those contemplated by the forward-looking statements.


Weitere Meldungen
19.08.2009 Radiant Announces Subsequent Closing of Debenture Offering With Insider
06.05.2009 Orleans Energy Announces Updated Bank Loan Facility, Provides Operations Update and Appoints Chairman of the Board
06.04.2009 Ondine Announces Loan from Insider

 

NEWSLETTER

Abonnieren Sie jetzt unseren
aktuellen Newsletter

WIRTSCHAFTSNACHRICHTEN

17:50 Uhr | 25.05.2012
Entscheidung über Zukunft von ...


16:13 Uhr | 25.05.2012
Deutschen Konzernen droht ein ...


15:31 Uhr | 25.05.2012
Warnstreiks bei Banken in ...


15:24 Uhr | 25.05.2012
Berggruen bestätigt Interesse an ...


14:52 Uhr | 25.05.2012
Benzin wird zu Pfingsten wieder ...