Equus Total Return, Inc. Announces Investment in Alternative Energy Sector
June 15 2007 - 6:15PM
PR Newswire (US)
HOUSTON, June 15 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) ("Equus" or the "Fund") announces a $3.0 million
investment in INFINIA Corporation ("INFINIA"). The financing round
also included investments by Idealab of Pasadena, CA, Khosla
Ventures of Menlo Park, CA, Vulcan Capital of Seattle, WA, and
existing investor Power Play Energy, LLC of New Canaan, CT. INFINIA
Corporation, based in Kennewick, WA, is a leading developer of
Stirling-cycle based products and technologies that exceed life and
reliability requirements for critical applications. Operating
without internal combustion, a Stirling engine utilizes a
temperature differential to drive a piston and produce electricity.
Along with other Stirling based products, INFINIA is focused on
commercializing a Stirling power system operating on concentrated
solar energy for commercial and residential users. The Solar
Stirling product is expected to be available in 2008. The new funds
will be used to further the company's sales and product development
programs and for company operations. In addition to the
concentrated solar product, INFINIA and its partners are
commercializing high efficiency combined heat and power products
for the global appliance industry. Also in development is a unique,
bio-gas fired Stirling generator to provide electricity and thermal
energy for rural areas of developing countries. "Our Stirling
engines are unique -- they are reliable, can be manufactured
inexpensively, operate on many different heat sources and provide a
platform for energy products that will change the way the world
generates and utilizes energy," said J.D. Sitton, CEO of INFINIA.
"We are very pleased to welcome Equus as a new partner. Equus is an
impressive and accomplished group. We know their guidance and
involvement will allow us to accelerate our product development
programs and expand our customer reach." Sharon Clayton, Vice
Chairman of Equus, will be joining the INFINIA Board of Directors.
Ms. Clayton stated, "The Fund seeks to invest in small cap
companies with significant growth potential. Our business
development strategy contemplates opportunities in twenty-first
century trend sectors, including alternative energy. INFINIA is a
great fit and we look forward to working with this dynamic company
and its strong management team." Equus Total Return, Inc. is a
business development company that trades as a closed-end fund on
the New York Stock Exchange, under the symbol "EQS". Additional
information on Equus Total Return, Inc. may be obtained from the
Equus website at http://www.equuscap.com/. This press release may
contain certain forward-looking statements regarding future
circumstances. These forward-looking statements are based upon the
Company's current expectations and assumptions and are subject to
various risks and uncertainties that could cause actual results to
differ materially from those contemplated in such forward-looking
statements including, in particular, the risks and uncertainties
described in the Company's filings with the Securities and Exchange
Commission. Actual results, events, and performance may differ.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as to the date hereof.
The Company undertakes no obligation to release publicly any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The inclusion of any
statement in this release does not constitute an admission by the
Company or any other person that the events or circumstances
described in such statements are material. CONTACT: BRETT CHILES
(713) 529-0900 DATASOURCE: Equus Total Return, Inc. CONTACT: Brett
Chiles of Equus Total Return, Inc., +1-713-529-0900 Web site:
http://www.equuscap.com/
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