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interest entities in which the Company has an interest and is the primary beneficiary. Intercompany accounts and transactions have been eliminated in consolidation. 37. On May 11, 2009, the Company issued a press release entitled "Ormat Technologies, Inc. Reports Record First Quarter 2009 Results." Therein, the Company stated, in relevant part: Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter 2009. For the three month period ended March 31, 2009, total revenues were $99.9 million, an increase of 44.0% from $69.4 million in the first quarter of 2008, consisting of a $3.1 million increase in revenues from the Electricity Segment, and a $27.4 million increase in revenues from the Products Segment. For the quarter, the Company reported net income of $14.5 million or $0.32 per share (basic and diluted), as compared to net income of $10.0 million, or $0.24 per share (basic and diluted), for the same period a year ago. The increase in net income is primarily attributable to an increase in sales within the Products Segment primarily derived from EPC contracts for the construction of two large geothermal projects and additional energy generated year-over-year in our Electricity Segment. 38. Also on May 11, 2009, Ormat filed its Quarterly Report with the SEC on Form 10-Q. The Company's Form 10-Q, signed by Defendant Tenne, reaffirmed the Company's financial results announced on the same day. The Company's Form 10-Q also contained Sarbanes-Oxley required certifications, substantially similar to the certifications contained in ΒΆ 27, supra. Additionally, the Form 10-Q stated, in relevant part: These unaudited condensed consolidated interim financial statements of Ormat Technologies, Inc. and its subsidiaries (the "Company") have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial statements. Accordingly, they do not contain all information and notes required by U.S. GAAP for annual financial statements. In the opinion of management, the unaudited condensed consolidated interim financial statements reflect all adjustments, which include normal recurring adjustments, necessary for a fair statement of the Company's consolidated financial position as of March 31, 2009, 14PDF Image | ORMAT TECHNOLOGIES Lawsuit
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