07.11.2010

ACAT Global Receives $33 Million L.A. Recovery Zone Bonds Allocation -- Creation of L.A. County Production Facility Begins in 2011

ACAT Global LLC, a leader in clean air technology for emissions control, has received approval from the County of Los Angeles for a $33 million allocation of Recovery Zone Bonds for use in creating a large production facility in Southern California.ACAT Global’s $33 million proposal was among eight approved by the L.A. County Board of Supervisors for Facility Bond allocations in the amount of $214.7 million.Los Angeles County received a total allocation of $271.5 million in Facility Bonds authorization, which under present law must be issued no later than Dec. 31, 2010.Following a private-activity bond sale, upgrades to an existing manufacturing plant will begin in the first quarter of 2011, according to the company.ACAT Global manufactures and markets an advanced line of catalytic converter substrate cores made of stainless steel alloy foil.ACAT Global’s converter substrate technology was originally developed by Delphi Corp. and its former parent General Motors, from whom ACAT acquired all technology and full-scale manufacturing rights in 2009.GM/Delphi invested an estimated $475-$500 million during an 18-year period to bring the technology to the point of full commercialization.

Los Angeles, CA (PRWEB) November 3, 2010

, a leader in clean air technology for emissions control, has received approval from the County of Los Angeles for a $33 million allocation of Recovery Zone Bonds for use in creating a large production facility in Southern California.

ACAT Global manufactures and markets an advanced line of catalytic converter substrate cores made of stainless steel alloy foil.Utilizing patented technology and relying on unique and proprietary construction and assembly techniques, ACAT produces compact, lightweight and durable catalytic monoliths for pollution reduction in a wide range of combustion engine applications.

ACAT Global’s $33 million proposal was among eight approved by the L.A. County Board of Supervisors for Facility Bond allocations in the amount of $214.7 million.Los Angeles County received a total allocation of $271.5 million in Facility Bonds authorization, which under present law must be issued no later than Dec. 31, 2010.

Following a private-activity bond sale, upgrades to an existing manufacturing plant will begin in the first quarter of 2011, according to the company.

“We anticipate that in the first year after the new production facility comes online, we will create approximately 500 jobs in L.A. County,” said Leisa Cuddy, ACAT director of communications.“And since we are a global company, this project will also have a positive economic impact across the nation and around the world.”

The selected site for the facility has been narrowed down to a few prime candidate locations in Los Angeles County, according to Cuddy.

“Right now, all we can say that the plant is in L.A. County in the recovery zone,” she said.“We are considering a ‘green’ development, which for the time being has caused us to postpone making our final decision."

Recovery Zone Facility Bonds are a new type of tax-exempt private activity bond created by the American Recovery and Reinvestment Act (ARRA), passed by Congress in February 2009.As part of the Obama Administration's efforts to stimulate economic growth and jumpstart the availability of financing critical for economic recovery, the U.S. Treasury Department announced in 2009 the availability of $25 billion in bonds authority under the Recovery Zone Bonds program.The bonds may be used to finance certain kinds of business development activities in areas of significant economic distress.There is no federal subsidy with the facility bonds, which are tax-exempt and can be issued by the county and the funds loaned to private borrowers developing projects within the recovery zone.

In January 2010, the Los Angeles County Board of Supervisors designated the entire county as an economically-distressed “recovery zone,” which paved the way for the board to issue hundreds of millions of dollars worth of bonds to fund an array of projects.In addition to $271.5 million in facility bonds, Los Angeles County’s allocation is nearly $181 million in economic development bonds.

About ACAT Global

ACAT Global LLC has a deep commitment to research and development, and is exploring partnership opportunities with various progressive companies to bring about industry-changing solutions to emissions challenges.ACAT’s patented technology capitalizes on aggressive emissions policies worldwide and in North America as set by both the EPA and the California Air Resources Board (CARB).

ACAT Global’s converter substrate technology was originally developed by Delphi Corp. and its former parent General Motors, from whom ACAT acquired all technology and full-scale manufacturing rights in 2009.GM/Delphi invested an estimated $475-$500 million during an 18-year period to bring the technology to the point of full commercialization.As such, components produced via the manufacturing processes acquired by ACAT have passed GM’s durability and efficiency protocols.

Contact Leisa Cuddy, ACAT Global Director of Communications, at Ph: 949-235-7576; Email: leisacuddy(at)acatglobal(dot)com.Web: http://www.acatglobal.comMedia Contact:        Ned MaddenRodheim Marketing Group949/547-0143

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Ned Madden949-547-0143Email Information

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George W. Bush to kick off book fair in Miami

MIAMI – Former President George W. Bush will kick off this year's international book fair in Miami.

Bush is scheduled to speak at the 27th annual Miami Book Fair International, which runs from Nov. 14-21. The former president will present his memoir "Decision Points," on Nov. 14 at 4 p.m.

Book fair organizers told The Associated Press that tickets to Bush's presentation are $40. That includes a presigned copy of the book, which comes out Nov. 9. Crown Publishers has said it will have a print run of 1.5 million copies.

This year's fair celebrates Mexico as its featured country with cultural programming, including food, theater, music and dance. Other notable authors include Jonathan Franzen, Salman Rushdie, Michael Cunningham and Gay Talese.

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Goldikova wins Breeders Cup Mile

LOUISVILLE, Kentucky (AFP) – Magnificent mare Goldikova stormed to an historic victory in the Breeders' Cup Mile on Saturday, becoming the first horse to win a Breeders' Cup race three times.

Goldikova, trained in France by Freddy Head and ridden by Olivier Peslier, exploded after the turn for home and rolled to victory on the turf track at Churchill Downs, successfully defending the title she won in 2008 and 2009 at Santa Anita in California.

She had already made Head the first to both ride and train a Breeders' Cup winner. He rode Miesque to back-to-back Mile victories in 1987-88.

"It's quite unreal. She's amazing, she can do anything," said Head, son of legendary trainer Alec and brother of well respected trainer Criquette. "It's too good to be true. I'm very emotional.

"I was the first jockey to win this race twice with a mare, and now I?m the trainer of a mare winning three times. It?s unreal. She?s extraordinary. I don?t have the words.

"I mean, even in the worst soap opera, you can't imagine anything like that," Head said.

Goldikova notched her eighth victory in 11 races against male horses. She owns 15 wins in 21 career starts.

Last month she set a record with her 11th Group One victory in the Prix de la Foret.

Gio Ponti, runner-up in last year's Breeders' Cup Classic, was second. The Usual Q.T. was third ahead of Ireland-bred Paco Boy. Paco Boy has now failed in five attempts to beat Goldikova.

As he headed toward the winner's circle - French flag in hand and a big smile on his face - Peslier called Goldikova "the best filly in the world" - a clear rebuke to those in US racing who have largely overlooked Goldikova in the hype surrounding unbeaten American mare Zenyatta, who was bidding to defend her title in the Classic later Saturday.

"I didn?t want to ask too much of her (early)," said Peslier, who calmly waited for a chance to move as he sought to overcome an unfavorably wide post position for the second year in a row.

"She was wide on the turn but after that she relaxed behind the pace. On the last turn, she was flying and she kept running.

"I don?t know the words to describe what it feels like to ride a champion like that."

In one stroke Goldikova reversed European fortunes in this Breeders' Cup. Of 13 prior European runners on Friday and Saturday, only the Henry Cecil-trained Midday had finished in the money, but settled for second in defence of her Filly and Mare Turf title.

Gio Ponti trainer Christophe Clement and jockey Ramon Dominguez could only shake their heads.

"I wish the filly (Goldikova) was not in the race. Unfortunately, (we were) second-best," he said.

"The filly is a freak," he said of Goldikova. "She?s the best miler we?ve seen for a long, long time. She?s a freak."

Added Dominguez of Goldikova: "We ran a big race, too, but she's really a champion."

Goldikova's owners, brothers Alain and Gerard Wertheimer, said they did not yet know if the victory would signal the end of Goldikova's racing career.

"We have no idea," Alain Wertheimer said.

"At the moment, I think we're enjoying the race and the win," Gerard Wertheimer added.

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