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Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.
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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. This includes transitioning a number of positions and responsibilities from its Westborough, Massachusetts offices.
maker of the long-lasting, fast-charging Sonata Li-ion battery for laptops, is planning to build a 455,000 square foot manufacturing facility in Auburn, Massachusetts that would complement its existing China-based operations. Boston-Power, Inc.,
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Port Infrastructure Development Grants support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms. To date, LPO has provided $1.6
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Canary Media stated, “Billions of dollars of federal and state grants and incentives are flowing to U.S. Manufacturer Thomas Built and Highland Fleets fleet services are among those helping school districts finance their own electric fleets. emissions annually.”. school districts to help them electrify their fleets”.
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