Key Developments For RINO International Corporation
RINO International Corporation (RINO.O) (Consolidated Issue listed on NASDAQ Global Market)
RINO International Corporation Raises FY 2009 Revenue Guidance
RINO International Corporation announced that it expects to surpass its previous revenue estimate of $176.5 million for fiscal 2009. According to Reuters Estimates, analysts are expecting the Company to report revenues of $173.1 million for the same period.
RINO International Corporation Receives $18.4 Million Contract For Its DWM Sludge Treatment System
RINO International Corporation announced that on October 20, 2009 it entered into a contract valued at $18.4 million with the government of Dalian Development District, located on the southern tip of the Liaodong Peninsula with an area of 388 square kilometers and a population of 360,000. Under this contract, the Company will provide and install its Rotary Drum Film Dryer (DWM) sludge treatment system in the Dalian Development District in two phases. The first phase has a contract value of $9.6 million and will commence in December 2009. The new sludge treatment system is expected to initiate operations by July 2010 and will achieve a processing capacity of 200 tons per day. After the $8.8 million second phase installation, which will commence in September 2010 and is expected to be online by February 2011, the processing capacity of the sludge treatment system will increase by an additional 200 tons per day.
RINO International Corporation Commences Installation Of Desulphurization System At Hunan Lianyuan Iron and Steel Company
RINO International Corporation announced that it has commenced installation for its new ammonia based desulphurization system on a 280 m2 sinter system at Hunan Lianyuan Iron and Steel Company. The total contract value is $14 million with the installation scheduled to be completed during the second quarter of 2010.
RINO International Corporation Reiterates FY 2009 Revenue Guidance
RINO International Corporation reiterated fiscal 2009 guidance for revenue of $176.5 million.
RINO International Corporation Approved for Nasdaq Listing
RINO International Corporation through subsidiaries and controlled affiliates in the People's Republic of China announced that it has received approval to list its securities on the Nasdaq Global Market. RINO International Corp.'s common stock will begin trading under the symbol RINO on the Nasdaq Global Market on July 13, 2009.
