NuEarth Corporation (Pink Sheets:NUEC), a manufacturer and marketer of “Clean & Green” products and technology, reports that the company’s Laboratory and Research Division “TerraSolv SA” has renegotiated and finalized its Joint Venture Agreement with Laboratorio Internazionale Agricoltura, S/p/A (“LIA”) of Italy.
The Finalizing of the Joint Venture Continuation Agreement brings 2 new laboratory projects to TerraSolv. These projects are valued currently valued at more than $1.5 Million over the three-month work schedule starting in October 2010. However, each contact has provisions that could triple the final contact value to more than $6 Million USD over their 12 month life cycle. “We’ve seen incredible value from the lab, which has paid for itself several times over in its first year of operations. It represents a new, higher standard for doing business in IT throughout the environmental and agricultural industries. We’re taking more risk out of the system, putting more structure into it, suffering less downtime and delivering higher-quality services,” said Levi Modelevi – CEO of NuEarth Corporation the parent of TerraSolv SA. The TerraSolv SA Laboratory has generated more than $32 Million over its 3 year existence � Mostly due to the Joint Venture with Laboratorio Internazionale Agricoltura, S/p/A.
The joint venture will continue to utilize the TerraSolv SA state-of-the-art development and testing lab currently being relocated to the United States of America. This data center, which collects data from clients around the world to run projects ranging from usability, capacity, spread and weather modeling and performance testing. The heart of the laboratory is a 225-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the software being tested.
Church & Dwight Company, Inc. (NYSE:CHD) is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda, a natural product that cleans, deodorizes, leavens and buffers. The Company�s ARM & HAMMER brand is one of the nation�s most trusted trademarks for a broad range of consumer and specialty products developed from the base of bicarbonate and related technologies.
Church & Dwight�s consumer products business is organized into two segments: Consumer Domestic, which encompasses both household and personal care products, and Consumer International, which primarily consists of personal care products. About 40% of the Company�s U.S. consumer products are sold under the ARM & HAMMER brand name and derivative trademarks, such as ARM & HAMMER DENTAL CARE Toothpaste and ARM & HAMMER SUPER SCOOP Clumping Cat Litter.
In 2001, Church & Dwight expanded its household products business with the acquisition of the laundry brands XTRA and NICE�N FLUFFY, as part of the acquisition of USA Detergents, Inc. Later that year, Church & Dwight acquired the consumer products business of Carter-Wallace, Inc., purchasing the ARRID Antiperspirant and LAMBERT KAY Pet Care brands outright, and the remainder of the business, including such brands as TROJAN Condoms, NAIR Depilatories and FIRST RESPONSE Home Pregnancy and Ovulation Test Kits, through Armkel LLC, a 50/50 joint venture with a private equity company. In May 2004, Church & Dwight acquired the 50% interest in Armkel that it did not already own, and merged Armkel into Church & Dwight.
In 2003, the Company acquired the former Unilever oral care business in the United States and Canada, comprising the MENTADENT, PEPSODENT and AIM Toothpaste brands, and exclusive licensing rights to CLOSE-UP Toothpaste. Late in 2005, the Company expanded its oral care business with the acquisition of the SPINBRUSH battery-operated toothbrush business from Procter & Gamble.
In August 2006, the Company expanded its household brand portfolio with the acquisition of the net assets of Orange Glo International, which included such brands as OXI CLEAN, a premium-priced leader in the fast-growing laundry pre-wash additive category, KABOOM bathroom cleaners, and ORANGE GLO household cleaner products.
The Clorox Company (NYSE: CLX) is a leading manufacturer and marketer of consumer products with 8,300 employees and fiscal year 2010 revenues of $5.53 billion.
Clorox markets some of consumers’ most trusted and recognized brand names, including its namesake bleach and cleaning products, Green Works natural home care products, Pine-Sol cleaners, Poett home care products, Fresh Step cat litter, Kingsford charcoal, Hidden Valley and K C Masterpiece dressings and sauces, Brita water-filtration products, Glad bags and wraps and containers, and Burt’s Bees natural personal care products.
The company’s products are manufactured in more than two dozen countries and sold in more than 100 countries. Clorox is committed to making a positive difference in the communities where its employees work and live. Founded in 1980, The Clorox Company Foundation has awarded cash grants totaling more than $80 million to nonprofit organizations, schools and colleges. In fiscal 2010 alone, the foundation awarded $3.5 million in cash grants, and Clorox made product donations valued at $8.8 million.
For many schools around the country, back-to-school this year is a lesson in economics they’d rather not have. Education budgets have been cut nationwide and valuable school programs such as sports, music and art are being hit hard. These programs are critical to a child’s development, and provide a well-rounded experience. Pitching in to help is the idea powering the 2010 Power A Bright Future grant contest, a school grant program The Clorox Company is launching to help fund these vital school programs.
Parents and teachers across the country can nominate school programs for a chance to receive a $50,000 grand-prize grant or one of three $20,000 grants from The Clorox Company to help provide critically needed resources to diminishing school programs.
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