Snow Leopard Resources Inc. (Calgary, Alberta) announced its 2002 first-quarter financial results. For the quarter ended March 31, 2002, the company reported a net loss of $196,000 and loss from continuing operations of $221,000, compared to a net loss of $73,000 and loss from continuing operations of $133,000 for the same period in 2001. The […]
Linear Technology Corp. (LTC, Milpitas, CA) announced the LTC3250-1.5, a switched capacitor, step-down, dc/dc converter that delivers up to 250mA from a...
Catalytica Energy Systems Inc. (Mountain View, CA) announced that Craig Kitchen has resigned from his position as president and CEO to pursue other interests. Kitchen will continue to serve as a director of the company. The board of directors has appointed Chairman of the Board Ricardo Levy to the position of Interim CEO and will […]
FuelCell Energy Inc. (Danbury, CT) and Marubeni Corp. (Japan) announced the first siting of a Direct FuelCell® (DFC®) power plant for a municipal wastewater treatment facility in Fukuoka, Japan. The 250kW DFC unit is to be operated in cogeneration mode, using the methane-like digester gas produced from the processing of municipal effluent. The thermal output […]
Linear Technology Corp. (Milpitas, CA) announced the LTC3406, a high-efficiency, 1.5MHz, synchronous-buck regulator that can deliver up to 600mA of continuous output...
Fuel Cell Technologies Corp. (FCT, Kingston, ON) reported financial results for the quarter ended March 31, 2002. Revenues during the first quarter of 2002 reflect the impact of delays in government-related projects. Revenues were about 51 percent of revenues for the first quarter of 2001. In spite of reduced revenue, the net loss of $1.0 […]
Valence Technology Inc. (Austin, TX) announced that it has entered into an OEM agreement with Amperex Technology Ltd. (ATL, Hong Kong). Under the agreement, ATL will manufacture batteries for Valence. "Our agreement with ATL will reinforce our current manufacturing capacity in preparation for future customer demand," stated Stephan Godevais, chairman and CEO of Valence. "We […]
General Motors Corp. (GM, Detroit, MI) revealed that it is taking further steps toward the commercialization of fuel cells as a power source in cars and other applications with the construction of a new 7,200m² facility in upstate New York for fuel cell research. The center will be used to develop the materials and processes […]
Stuart Energy Systems Corp. (Toronto, ON) announced that it will take a one-time charge of CDN$6.0 million in its fourth-quarter 2002 financial results in connection with the retrofit of nine hydrogen systems, including costs related to customer support and inventory replacement. The affected components are covered under Stuart Energy's warranty program and are scheduled for […]
The chairman, CEO and board member of Tyco International Ltd. (Pembroke, Bermuda), L. Dennis Kozlowski, has resigned amid mounting criticism of his corporate strategy and a report that he is under investigation for avoiding personal taxes. The company said in a statement that Kozlowski left for "personal reasons," and that former CEO John Fort, a […]
Energy Co-Opportunity (ECO, Herndon, VA), an alternative-energy business owned by more than 300 electric cooperative utilities in the US, placed an order with H Power Corp. (Clifton, NJ) for 50 of its 500W EPAC direct hydrogen fuel cells. The purchase marks the first significant sale made under ECO's new contract with H Power, which gives […]
Maxwell Technologies Inc. (San Diego, CA) announced that it has signed a definitive agreement to acquire Montena Components Ltd. (Matran, Switzerland), a privately held manufacturer and marketer of ultracapacitors, high-voltage capacitors, and high-speed capacitors and battery-winding equipment, for 2.475 million shares of Maxwell common stock. The transaction, valued at approximately $30.0 million, is expected to […]
The US Fuel Cell Council (USFCC, Washington, DC) announced the release of its second edition of the US Fuel Cell Council Media Guide, a detailed listing of the organizations leading the fuel cell industry. The Media Guide provides detailed listings for more than 100 fuel cell developers and manufacturers, key component suppliers, research institutions, and […]
Sevenstar Huadian Technology Group Co. Ltd. (China) presented its latest automatic production line to be used in manufacturing AA-1550-type NiH battery plates. According to the company, the equipment passed a technological appraisal conducted by the Beijing government. The company says the production line will be used to produce anode and cathode plates. It is expected […]
Energy Conversion Technologies Inc. (ECTI, Markham, ON) announced that it has completed a private placement of 500,000 special warrants, which sold at a price of $1.00 per warrant, for proceeds to ECTI of $500,000.00. The proceeds from the special warrant offering will be used primarily in support of existing production, for business expansion and augmentation […]