Amp Resources Denies Raser's Legal Assertions.SALT LAKE CITY -- Amp Resources, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Amp), a developer of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. power plants and licensor of cleantech power generation technologies, today denied legal claims made against Amp by Raser Technologies (NYSE Arca For other uses of "ARCA", see ARCA. NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an entirely online securities exchange on which both stocks and options are traded. : RZ, "Raser") in a complaint filed by Raser in the Third Judicial District Court, Salt Lake County, Utah Salt Lake County is a county located in the U.S. state of Utah. As of 2005, the population was estimated at 948,172, up from a 2000 Census figure of 898,387. In November 2006, the population was estimated to surpass 1,000,000. It was named for the Great Salt Lake nearby. . On June 16, 2006, Amp terminated the Agreement and Plan of Acquisition between Amp and Raser according to its terms when Raser failed to perform under the terms of the Agreement. Amp intends to defend itself vigorously against Raser's claims while simultaneously pushing forward on the company's core business of developing renewable energy technologies and power plants. Once Amp has had an opportunity to review in more depth the claims of Raser's lawsuit, which was served this afternoon, the company plans to file a response, including potential counterclaims, in the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. proceedings. About Amp Resources Amp Resources develops geothermal and waste heat energy projects, licenses proprietary cost-competitive thermal power cycle technology, and delivers highly specialized engineering design services and turnkey energy solutions to the global marketplace. The company focuses on the generation of zero-emissions electricity by developing internal and 3rd-party renewable energy projects that employ industry-leading thermal energy technologies, including Kalina(R) -- a patented breakthrough thermal power cycle technology. Amp is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. founded in 2002 as a Delaware Limited Liability Company with headquarters in Salt Lake City; an engineering center in Foster City, Calif.; and an operation center in Reno, Nev. Further information on Amp Resources may be found at: www.ampresources.com. |
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