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,...
According to the Worldwatch Institute (Washington, DC) wind power set an all-time record in 1998, with an added 2,100MW of new wind energy capacity installed worldwide, 35 percent more than was added in 1997. The new turbines added in 1998 increased the overall wind generating capacity worldwide to 9,600MW at the end of the year, […]
Ford Motor Co. (Detroit) has entered into an agreement to obtain a majority interest in Pivco Industries (Norway), the manufacturer of the two-passenger TH!NK electric city car, which debuted last October. Ford plans to assist Pivco in the introduction of TH!NK in Finland, Denmark, Norway and Sweden before the end of 1999. The company also […]
The US Department of Energy (DoE) announced a $20.0 million research and development initiative to develop electric power systems for future advanced automobiles. The DoE's Office of Energy Efficiency and Renewable Energy selected SatCon Technology Corp. (Cambridge, MA) and Silicon Power Corp. (Malvern, PA) to receive about $10 million each over three years. The firms […]
Lithium Technology Corp. (LTC, Plymouth Meeting, PA) announced that William Chu, chairman and CEO of Elite Material Co. Ltd. (EMC, Taiwan) has resigned from the LTC board of directors to focus on the establishment of a factory in Taiwan for the manufacture of lithium-ion polymer batteries using the technologies and manufacturing experience of both EMC […]
Infineon Technologies AG (Munich, Germany) and Toshiba Corp. (Japan) have been unable to reach a mutual agreement in their negotiations on a potential cooperation in the memory segment. Following intensive talks, both Infineon and Toshiba agreed that none of the options that were discussed would be feasible strategies for both companies, therefore, the negotiations were […]