AER Energy Resources Inc. (Atlanta) reported net revenues of $352,000 for the year ended December 31, 1998, compared with $108,000 for the year ended December 31, 1997. The company's net loss for the year was $6,632,000, or $0.27 per share, down from a net loss of $8,766,000, or $0.36 per share, for the prior year. […]
BAT International (Chula Vista) subsidiary Southern States Power Co. (SSPC) has formed a joint venture with Anuvu Inc. to complete development and demonstration of an advanced proton exchange membrane fuel cell that will be demonstrated in a series of fuel cell powered electric vehicle runs in California and other locations. The joint venture company, Global […]
IRC Inc. (Corpus Christi, TX) is employing its thick film-on-aluminum technology to manufacture electronic circuits with high-thermal transfer characteristics. The company claims...
STMicroelectronics Inc. (Lexington, MA) announced it has developed a new range of IGBTs using its PowerMESH technology claimed to offer improved performance compared to conventional IGBT technology. ST has developed families of IGBTs optimized for low-voltage drop, high-switching speed and automotive-ignition applications, respectively.According to ST, the patented PowerMESH technology replaces the traditional cell geometry by […]
Ultralife Batteries Inc. (Newark, NY) announced that Bruce Jagid has resigned as CEO and Chairman of the Board, and that the board of directors has retained executive search firm Heidrick & Struggles to assist in recruiting a new CEO. The board elected Arthur Lieberman, a co-founder and director of the company, to be the new […]
ZAP Power Systems (Sebastopol, CA) has signed a marketing agreement with Smith & Wesson (Springfield, MA) under which Smith & Wesson will be the exclusive law enforcement bicycle platform for ZAP's patented electric motor system. Smith & Wesson has likewise agreed to sell its bicycles for electric applications exclusively to ZAP. The companies have also […]
Ballard Power Systems (Vancouver, BC) announced it has received a CDN$3.5 million (US$2.3 million) contract from Nissan Motor Co. Ltd. (Japan) to supply Ballard fuel cells, related equipment and support services. Nissan plans to use the fuel cells in their research and development program for evaluation and development of fuel-cell powered electric vehicles."Nissan has been […]
BlueStar Battery Systems International Corp. (Vancouver, BC) announced that its research and development subsidiary, BlueStar Advanced Technology Corp. (BATC), has been selected by a US Air Force/NASA consortium to develop battery technology for use in the next generation of planetary spacecraft. The 18-month contract is valued at CDN$2 million and will focus on the development […]
Delphi Automotive Systems (Troy, MI) confirmed intentions to sell, close or consolidate nine plants, downsize the workforce at more than 40 other facilities and exit selected, under-performing products. The restructuring plan will ultimately reduce worldwide employment by 11,500 positions. The plan includes exiting approximately $900 million of the company's businesses previously said to be under […]
UQM Technologies Inc. (Detroit, MI) announced that it has developed a propulsion system designed to offer high levels of performance and efficiency in hybrid, electric and fuel cell vehicles. The company's integrated electric traction system (INTETS) was unveiled at the 2001 Society of Automotive Engineers (SAE) World Congress in Detroit. Designed entirely by UQM, INTETS […]
SatCon Technology Corp. (Cambridge, MA) announced the appointment of Ted Lesster as Director of Engineering of the Technology Center, effective February 1, 1999. Lesster will have broad responsibilities for management and mentoring of the technical staff within the Technology Center, and for business development. Lesster is currently Chief Scientist of the Oceanic and Naval Systems […]
Zapworld.Com (ZAP, Sebastopol, CA) announced the appointment of William R. Hartman as CFO. Hartman has been serving as a financial consultant for ZAP since January 2001 prior to joining as CFO. Hartman has over 15 years of experience as CFO and controller, including division controller for Sega of America, as well as other businesses in […]
According to news reports, Mitsubishi Motors Corp. (Japan) is aiming to have a fuel-cell vehicle for sale in 2003. The automaker is reportedly quadrupling the size of its fuel-cell team from five members to 20. The company is working jointly with Mitsubishi Heavy Industries Ltd. and plans to produce a prototype vehicle in 2000. Mitsubishi […]
Johnson Controls (Milwaukee) introduced the new Inspira dual-battery system as one of the first of its line of "smart" batteries with IQ...
PowerCache Ultracapacitors (San Diego, CA), a part of Maxwell Technologies' (San Diego, CA) electric components group, announced that ISE Research-ThunderVolt Inc. (ISE-TVI,...