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WaterFurnace Renewable Energy, Inc. Selected To Elite Cleantech Index (CTIUS)
FORT WAYNE, IN, Jul 9, 2008 - WaterFurnace Renewable Energy, Inc., has been selected by the Cleantech Group(TM: 91.48, -1.36, -1.46%), LLC to join its prestigious Cleantech Index(TM: 91.48, -1.36, -1.46%) (AMEX: CTIUS) of public cleantech companies, effective June 30, 2008.
The Cleantech Group's Cleantech Index is the first, and only, equity index to offer investors and index licensees an easy, liquid and cost-effective way to track and invest in the broad cleantech category. Unlike indices that specifically track narrow sectors such renewable energy or water, the Cleantech Index includes the leading companies from a broad range of sectors such as advanced materials, agriculture, transportation, manufacturing, in addition to energy efficiency, renewables and water.
Now comprised of 76 publicly traded companies, the Cleantech Index is the industry gold standard upon which a growing range of financial products are based. In 2007, the Index outperformed the S&P 500 Index by 37.4%, over the last 12 months by 26.3%, and in 2008 (through June 27) by 6.5%.
Bruce Ritchey, WaterFurnace CEO, stated, "We are very pleased to be selected for the Cleantech Index. This selection reaffirms our positioning as a socially responsible and successful investment. WaterFurnace is a highly successful company in the renewable energy market. In the past year we have also been included in the Ardour Index and selected as one of the 10 outstanding Clean Technology Companies in Canada by Corporate Knights Magazine."
WaterFurnace manufactures geothermal heat pumps. The geothermal units use the renewable solar energy stored just five feet below the surface to dramatically reduce the energy consumed by buildings for heating, cooling and hot water. The Environmental Protection Agency and the Department of Energy have concluded that geothermal systems are the most environmentally friendly way to heat and cool our buildings.
"WaterFurnace Renewable Energy, Inc.'s addition to the Cleantech Index reflects the significance of the company to global cleantech investors," said Rafael Coven, Managing Director of Cleantech Indices for the Cleantech Group, LLC, and Index Advisor.
With its inclusion in the Cleantech Index, WaterFurnace (WFI on the Toronto Stock Exchange) is also now being traded in funds based upon CTIUS, including the PowerShares Cleantech Portfolio ETF (Amex: PZD) and KSM Cleantech ETF (Bloomberg: KSMCLNT: IT) in Israel, among others.
For more information on the Cleantech Index: http://www.cleantechindex.com/
For more information, please contact
Bruce Ritchey, President and CEO,
(260) 479-3224
InvestorIdeas.com Disclaimer: Issuers of press releases are solely responsible for the accuracy of the content.
SOURCE: WaterFurnace Renewable Energy, Inc.
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