Bolder Technologies Corp. (Golden, CO) recently announced that First Security Van Kasper, the underwriters for its recent public offering of common stock, has exercised its over-allotment option in full, resulting in the sale of an additional 330,000 shares and the receipt of net proceeds for Bolder of approximately $2.8 million. According to Bolder, with the […]
Evercel Inc. (Danbury, CT) recently announced that fourth quarter 1999 results included the newly formed company's first sales to customers by its joint venture partner, Xiamen Three Circles-ERC Battery Corp. Ltd. (China).For the three months ended October 31, 1999, Evercel reported revenues of $196,000 and a net loss of $1,879,000, or $0.66 per basic and […]
Ebus Inc. (Downey, CA) recently announced it has been awarded a contract from the Santa Barbara Metropolitan Transit District to supply the next generation of the Santa Barbara electric shuttle. The contract consists of an initial order of six vehicles with a follow-on order for another three.According to the company, the new shuttles will be […]
Evercel Inc. (Danbury, CT) recently announced a sale of 6,000 of its Model 40/12V nickel-zinc batteries by its joint venture in China, the Xiamen Three Circles-ERC Battery Co. Ltd. (XMERC, China). The sale is to the Taiwan EVT Technology Co. Ltd. (Taiwan).According to Evercel, beginning in the second quarter of 2000, the batteries will be […]
Invensys (London) announced its first set of interim results since being formed in February 1999. The company reported sales of 3.4 billion pounds, up 6.6 percent. Operating profits were up 6.4 percent to 516 million pounds and order intake was up eight percent to 3.6 billion pounds."Our first half year progressed well as we grew […]
DaimlerChrysler (Auburn Hills, MI) recently announced that the first 10 Electric Powered Interurban Commuter (EPIC) minivans have joined the fleet of Xpress Shuttle at Los Angeles World Airport. According to DaimlerChrysler, the five-passenger minivans which are being added to the shuttle company's fleet are each expected to log up to 100,000 miles of service per […]
DaimlerChrysler AG (Berlin, Germany) announced a workforce reduction of 26,000 jobs for its ailing Chrysler unit over the next three years, which failed to restore investor confidence in the group's battered stock. In a statement, the German automaker said it would reduce the workforce at its US unit by 20 percent, through a combination of […]
The United States Advanced Battery Consortium (USABC) announced it has entered into a program with Electrofuel Inc. (Toronto) to determine the feasibility of using Electrofuel's lithium-ion SuperPolymer battery technology in electric vehicles. According to the USABC, preliminary reviews indicate that the Electrofuel lithium ion SuperPolymer battery technology has the potential to meet most of the […]
Zapworld.Com (Sebastopol, CA) recently announced it has reached an agreement to acquire Electric Vehicle Systems Inc. (EVSI, Los Altos, CA). Under terms of the agreement, Zapworld will acquire all technology, assets and shares from EVSI in exchange for 25,000 shares of Zap common stock.This announcement marks the third acquisition Zap announced in December 1999, including […]
International Rectifier Corp. (El Segundo, CA) recently announced it has opened its North American Automotive Sales Office in Novi, MI.The company claims it has been the global leader in automotive power conversion electronics for more than 50 years, in areas such as electric power steering, including optimized power and control requirements; solutions for 14V/42V dual-voltage […]
Zapworld.Com (Sebastopol, CA) recently announced it has reached an agreement to acquire emPower Corp. (Cambridge, MA), an electric scooter company. Under terms of the agreement, Zapworld will acquire all technology, assets, and shares as well as $1.0 million in cash from emPower in exchange for up to 525,000 shares of Zapworld common stock.
Electrosource Inc. (San Marcos, TX) recently launched its new lightweight intelligent battery, the E-POWER. According to Electrosource, the new battery uses patented technology to make the battery 25 percent lighter than competitive products. The company claims the battery is the first intelligent sealed lead-acid battery to include an embedded microchip which continuously monitors the battery […]
Ballard Power Systems (Canada) announced that it has signed an agreement to supply Mark 900 Series fuel cells for 30 buses to...
Solectria Corp. (Wilmington, MA) announced a strategic move in direction toward the research, development and production of components for use in hybrid and electric vehicles, as well as for the distributed generation of electric power. "In 1991, Solectria pioneered the introduction of electric vehicles because we saw the need for them, and because no major […]
The Electric Vehicle Association of the Americas (EVAA, Washington, DC) is hosting the North American Electric Vehicle and Infrastructure Conference and Exposition, NAEVI 1999, November 17-20, in Atlanta, GA. The world's biggest auto companies, as well as some of the most innovative electric vehicle product manufacturers, are set to show a number of new technologies […]