Astris Energi Inc. (Mississauga, ON) announced that after two years of beta testing its TESTMASTER family of test loads, test cells and control software, it has introduced the new model, the TL4A Test Load, for fuel cells and batteries. The TL4A Test Load has evolved from its model TL4, which was extensively tested and evaluated […]
Microchip Technology Inc. (Chandler, AZ) announced that it has completed the acquisition of PowerSmart Inc. (Shelton, CT), a privately held fabless semiconductor company, in a cash transaction. Microchip paid approximately $54.0 million in cash, assumed a balance sheet with approximately $4.0 million in cash and other net assets, and assumed certain employee stock options. Approximately […]
Vanteck Technology Corp. (VRB, Vancouver, BC) announced that it negotiated, subject to regulatory acceptance, a non-brokered private placement of two million units of Vanteck at a price of $0.75 per unit. Each unit is comprised of one common share and one common share purchase warrant with each warrant entitling the holder to acquire one Vanteck […]
TechSys Inc. (Florham Park, NJ) announced that the company will continue to be listed on the Nasdaq SmallCap Market via an exception from the minimum equity requirement. While the company did not meet this requirement as of December 31, 2001, the company was granted a temporary exception from this standard subject to meeting certain conditions […]
Modine Manufacturing Co. (Racine, WI) announced that it will supply thermal management components to Ballard Power Systems Inc. (Vancouver, BC) for use on fuel cell buses. Modine's components will be installed on the 250kW Citaro hydrogen-powered bus, which is being produced by DaimlerChrysler Corp.'s (Auburn Hills, MI) subsidiary, EvoBus GmbH. "This is an important developmental […]
The California Fuel Cell Partnership (CAFCP, West Sacramento, CA) will be exhibiting fuel cell vehicles (FCVs) and technology at the 2002 San Diego County Fair. The vehicles and fuel cell educational displays are in the Plaza de Mexico from June 28 through June 30. Driving demonstrations of fuel cell cars will take place each morning […]
Millennium Cell Inc. (Eatontown, NJ) announced that it has completed a $15.0 million private placement that will make sufficient funds available to sustain company operations through 2004, to the point at which the company projects cash self-sufficiency. The company will receive $3.0 million at closing from the sale of common stock and $12.0 million in […]
Enova Systems Inc. (Torrance, CA) announced the success of its recent drive for increased capitalization, raising more than $4.0 million. Enova will apply a substantial portion of the investment capital to expand its product base, customer service and support. Additional financial resources remain targeted toward the research and development, and to meeting the production requirements […]
Fuel Cell Technologies Corp. (FCT, Ottawa, ON) announced that it has sold two fuel cell systems to the US National Park Service for use at Yosemite National Park in California. The FCT fuel cell systems will provide electricity, heat and hot water service to the administration building within the Park. The National Park Service ordered […]
Metallic Power Inc. (Carlsbad, CA) announced that it has completed tests of what the company believes is the world's first refuelable, on-road,...
Rayovac (Madison, WI) announced that it will be introducing its new I-C3 (in-cell charging control) technology in the summer of 2003, which will offer a cost-performance proposition for digital cameras, hard-disk digital-audio players, camcorders, and other high-drain electronic devices. The new technology will feature a charging time of just 15 minutes and Rayovac's AA batteries […]
Plug Power Inc. (Latham, NY) announced that the California Energy Commission (CEC) has certified that the company's 5kW stationary fuel cell system complies with the requirements of California's "Rule 21" grid-interconnection standard. Plug Power's system is the first fuel cell system to be certified under this standard. "Interconnection to the electric grid is a critical […]
Altair Nanotechnologies Inc. (Reno, NV) announced that its board of directors has approved the formation of a technical advisory board, which will be comprised of a variety of respected scientists and technologists from diverse disciplines and industries, who will assist management in reviewing potential projects and new technology concepts, as well as providing a wealth […]
H Power Corp. (Clifton, NJ) announced that it has delivered a 4kW, cogeneration, fuel cell system to Naps Systems Oy (Finland), a leading solar power system company, for the Environmental Information Centre in Hammarby Sjostad Stockholm, Sweden, as a demonstration of a sustainable energy system that provides both electricity and heat. Naps Systems and its […]
Beacon Power Corp. (Wilmington, MA) showcased its advanced technology to an official Chinese trade delegation, including six representatives from Shanghai Municipal Electric Power. Shanghai Electric, along with other Chinese utility representatives and members of the Chinese Foreign Trade Ministry and US Consulate, is taking part in an orientation tour sponsored by the US Trade and […]