NWTT.PK, DE, & PCAR: John Deere creates the first Interim Tier 4 (IT4) engine approved by the EPA

July 30, 2010 - PRLog -- NW Tech Capital Inc., (PINK SHEETS:NWTT)

NW Tech is currently working on raising the company value back for its shareholders and seeks viable candidates to merge into NWTT. The company management has been seeking viable businesses to vend in in North America, Asia, and Europe. The company is determined to reenter the public markets as a viable and respectable business.

NW Tech Capital Inc. is pleased to disclose the Canadian merger candidate, Bermal Contracting Ltd.

NWTT is completing negotiations with Bermal Contracting, and discussions are underway about merger logistics. Details about a definitive merger will be released shortly.

In other news, as part of the pre-merger negotiations, NWTT will build and launch new website with merger candidate information, and will formulate logistical solutions to effectively communicate with shareholders and future clients.

This announcement directly follows the press release on June 29, 2010, in which the company reported negotiations with an undisclosed contracting and quarrying company in British Columbia.

(Source: CLICK HERE)

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John Deere (Deere & Company NYSE- DE)

John Deere is a world leader in providing advanced products and services for agriculture, forestry, construction, lawn and turf care, landscaping and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment. Since it was founded in 1837, the company has extended its heritage of integrity, quality, commitment and innovation around the globe. John Deere Construction & Forestry produces more than 120 machine models and distributes its construction, forestry and worksite products through a network of more than 1,300 dealer locations worldwide.

John Deere has added an Interim Tier 4 (IT4) engine option for its 744K 4WD loader that gives customers an industry first: the first piece of big iron to meet the U.S. Environmental Protection Agency's (EPA) IT4 emissions regulations.

The John Deere PowerTech™ 9.0-L IT4 diesel engine for installation in the 744K was certified by the EPA in March 2010 and uses cooled exhaust gas recirculation (EGR) technology to meet emissions regulations while producing the same 304 hp and big-time torque as a 744K equipped with a Tier 3 engine.

"Customers asked us for a simple, proven technology to help them meet regulations that wouldn't skimp on the productivity or durability they’re used to in John Deere wheel loaders," said Jahmy Hindman, product marketing manager for wheel loaders, John Deere Construction & Forestry.

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PACCAR is a global technology leader in the design, manufacture and customer support of premium light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. The company also provides customized financial services, information technology and truck parts related to its principal business.

“PACCAR reported improved revenues and net income for the second quarter of 2010,” said Mark C. Pigott, chairman and chief executive officer. “Against a backdrop of global truck markets that are only gradually emerging from historically low levels, PACCAR’s results reflect the benefits of higher truck and parts sales and improving financial services profits worldwide. Our customers are benefiting from increased freight tonnage, which has resulted in higher fleet utilization rates, resulting in positive gains for our aftermarket parts sales. I am very proud of our 16,000 employees who have delivered superior results to our shareholders in a challenging global business climate.”

“PACCAR’s excellent balance sheet, including over $2.1 billion in manufacturing cash and marketable securities, and positive operating cash flow have enabled ongoing investments which enhance operating efficiency and the development of innovative new products, such as the PACCAR MX diesel engine which went into production in Kenworth and Peterbilt trucks in June,” noted Pigott. “The U.S. and Canadian truck market is gradually adjusting to higher priced vehicles resulting from the EPA 2010 emissions change. The European truck market is still lagging behind last year’s volumes, but DAF achieved a significant increase in market share, which has delivered improved financial results.”





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