Exide Technologies (Princeton, NJ) announced that Craig Muhlhauser has been named Chairman of the Board of Directors of Exide, effective May 17, 2002. Muhlhauser succeeds Robert Lutz, who resigned as chairman, but will remain a director of Exide. Lutz had been chairman since December 1998. Muhlhauser has been a director and CEO since September 2001. […]
Altair Nanotechnologies Inc. (Reno, NV) reported its financial results for the first quarter ended March 31, 2002. For the three months ended March 31, 2002, Altair reported net revenues of $48,937, surpassing revenues of $42,816 for the entire year of 2001. The company reported a net loss for the quarter of $1.7 million, or a […]
Sustainable Energy Technologies Ltd. (Alberta, Canada) announced that the previously announced private placement of 41,666 units at a price of $12 per unit has been fully subscribed, for an aggregate consideration of $499,992. Each unit consists of 100 10-percent, two-year, cumulative, convertible, redeemable, voting preferred shares and 50 two-year, $0.12, common-share, purchase warrants. Each preferred […]
Electric Fuel Corp. (New York) announced that the Regional Transportation Commission of Southern Nevada (RTC) has agreed to participate in a proposed demonstration of Electric Fuel's revolutionary zinc-air fuel cell system operating a mini-fleet of transit buses in Las Vegas. Electric Fuel's zinc-air, zero-emission, electric transit bus is designed to provide enough energy to power […]
MagneTek Inc. (Nashville, TN) announced that it has acquired LAB Communications (Las Vegas, NV), a privately held mobile and fixed power systems integrator. While terms of the transaction were not announced, LAB is expected to be accretive to MagneTek's earnings in fiscal 2003, which commences on July 1, 2002. MagneTek CEO Andrew Galef stated, "Although […]
A consortium organized by the Houston Advanced Research Center (HARC, Woodlands, TX) has announced the successful installation of a 5kW proton-exchange membrane...
Electrovaya Inc. (Toronto, ON) announced that its shareholders approved changing the company's name from Electrofuel Inc. to Electrovaya Inc., at its annual meeting of shareholders. The company's shareholders also approved transferring Electrovaya's operations and operating assets to a new wholly owned subsidiary, Electrovaya Corp., and transferring all or a portion of the company's intellectual property […]
Valence Technology Inc. (Austin, TX) announced that it has commenced shipment of its N-Charge power system, which is the company's first end-user device powered by Saphion technology. It is also claimed to be the first portable battery system designed to recharge and/or run two mobile electronic devices simultaneously. "Our goal was to make the N-Charge […]
Valence Technology Inc. (Austin, TX) announced that Lev Dawson has retired as chairman of the board and as a director of the company, effective May 13, 2002. The company has appointed Stephan Godevais as the new chairman. Dawson, who will continue to be available to the company as a consultant, founded Valence in 1989 and […]
Avestor (Quebec) has agreed to license solid-state electrolyte and battery technology developed by Solicore Inc. (Lakeland, FL). The two companies plan to jointly develop the patented technology, a dry electrolyte that is a non-compressible, non-combustible and non-toxic film, so it can be used in products being developed by Avestor for the automotive, telecommunications and energy […]
Indigo Energy Inc. (Napa, CA) announced the successful testing of the company's patent-pending magnetic bearing system for its flywheel energy-storage system. The testing was conducted at Innovative Magnetic Technologies, dba Calnetix (Torrance, CA), a magnetic bearing manufacturer and a strategic partner of Indigo Energy. "We were available to levitate a full-sized flywheel within a production […]
Linear Technology Corp. (Milpitas, CA) announced its new LTC3405A high-efficiency, monolithic buck regulator in a ThinSOT package, which can supply 300mA of...
The Materials Laboratories of Sony Corp. (Tokyo) have improved the molecular structure of a proton conductor of a fullerene system being developed as a solid electrolytic membrane for fuel cells. The company intends to improve the basic properties, such as the proton conductivity. The study results were shown by Masafumi Ata, head of Sony's pie-electron […]
Global Thermoelectric Inc. (Calgary, Canada) announced that it has executed a development partnership agreement with Advanced Energy Systems Ltd. (AES, Bentley, Australia) to cooperate in the commercial development of integrated power electronics and control technologies for SOFC systems. The agreement follows the signing of a December 2001 letter of intent. The development partnership agreement between […]
Microchip Technology Inc. (Chandler, AZ) announced that it has signed a definitive agreement to acquire PowerSmart Inc. (Shelton, CT). Microchip will pay approximately $54.0 million in cash, and will assume a balance sheet with approximately $4.0 million in cash and other net assets, and assume certain employee stock options. The transaction has been approved by […]