Company Overview of Alter NRG Corp.
Alter NRG Corp., together with its subsidiary, Westinghouse Plasma Corporation, provides alternative clean and renewable energy solutions. It markets and sells plasma gasification technology; and invests in alternative energy projects in North America, South America, the European Union, the Middle East, and the Asia Pacific. The company engages in treating and converting various wastes, including industrial, household, commercial, hazardous wastes, etc. into energy, such as electricity, syngas, heat, and steam, as well as liquid fuels comprising diesel and ethanol. Alter NRG Corp. was incorporated in 2007 and is headquartered in Calgary, Canada. As of July 24, 2015, Alter NRG Corp. operates ...
227 - 11th Avenue SW
Calgary, AB T2R 2R9
Founded in 2007
Key Executives for Alter NRG Corp.
Chief Executive Officer and Director
Head of Business Development at Eastern Canada
Compensation as of Fiscal Year 2015.
Alter NRG Corp. Key Developments
Alter NRG Corp. Announces Earnings Results for Second Quarter and Six Months Ended June 30, 2015
Aug 14 15
Alter NRG Corp. announced earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of CAD 454,973,000, loss from operations of CAD 4,316,591,000, total comprehensive loss of CAD 4,542,902,000 or CAD 0.16 per basic and diluted share compared to the sales of CAD 8,096,191,000, loss from operations of CAD 4,315,418,000, total comprehensive loss of CAD 5,742,293,000 or CAD 0.21 per basic and diluted share for the same quarter a year ago.
For the year to date, the company reported sales of CAD 1,057,610,000, loss from operations of CAD 7,386,725,000, total comprehensive loss of CAD 5,859,361,000 or CAD 0.21 per basic and diluted share compared to the sales of CAD 14,283,892,000, loss from operations of CAD 6,267,877,000, total comprehensive loss of CAD 6,979,286,000 or CAD 0.25 per basic and diluted share for the same period a year ago.
Harvest International New Energy and Alter NRG Announce Conclusion of Committee on Foreign Investment in the United States Investigation
Jul 21 15
Alter NRG Corp. and Harvest International New Energy Co. Ltd. announced that they have received written confirmation from the Committee on Foreign Investment in the United States that it has completed its investigation in respect of the notice submitted by Alter NRG and 1030629 B.C. Ltd., a wholly-owned subsidiary of Harvest, in respect of the offer by the Offeror to acquire all of the issued and outstanding common shares of Alter NRG for CAD 5.00 in cash per share. CFIUS has determined that there are no unresolved national security concerns with respect to the offer and has concluded its action under Section 721 of the Defense Production Act of 1950, as amended. The offer is open for acceptance until 5:00 p.m. on July 24, 2015, unless further extended or withdrawn in accordance with the support agreement entered into in connection with the Offer. As approximately 75% of the issued and outstanding Common Shares have been deposited under the offer, all conditions to the Offer have been satisfied as at the date of this news release. The Offeror intends to take up and pay for all Common Shares validly deposited to the offer and not properly withdrawn from the Offer not later than three business days following the expiry of the Offer on July 24, 2015, provided all conditions of the offer remain satisfied. Alter NRG shareholders are urged to tender their common shares, to the extent they have not already done so, prior to the expiry of the Offer at 5:00 p.m. on July 24, 2015 in order to receive payment for their shares sooner rather than later.
Alter NRG Corp. Announces Earnings Results for the First Quarter Ended March 31, 2015
May 11 15
Alter NRG Corp. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $602,637 against $6,187,701 a year ago. Loss from operations was $3,070,134 against $1,952,460 a year ago. Total comprehensive loss was $1,316,459 against $1,236,994 a year ago. Basic and diluted loss per share was $0.11 against $0.07 a year ago. The decreased revenue reflects the late 2014 completion of the construction of the large scale Westinghouse Plasma Solution for the 49 MW facility under construction by a Fortune 500 company.
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March 27, 2015