Evercel Inc. (Hingham, MA) reported first-quarter revenue of $152,000, compared to $600,000 in the first quarter of 2001. Net loss available to common shareholders was $637,000, or $0.06 per basic and diluted loss per share, compared to a loss of $4.4 million, or $0.48 per basic and diluted loss per share, in last year's first […]
EnerNow Inc. (Boca Raton, FL) has agreed in principle to acquire the battery business of its parent company, Ener1 Holdings Inc. (Fort Lauderdale, FL). Ener1 Holdings also has agreed in principle to make an additional investment of up to $2.0 million in EnerNow, depending upon its working capital needs. The investment is not contingent on […]
Altair International Inc./Altair Nanotechnologies Inc. (Reno, NV) announced that it has completed a $1,000,000 equity placement with two accredited institutional investors. Under the terms of the agreement, Altair Nanotechnologies will issue units containing one share of the company's common stock in addition to one-quarter of a warrant. The warrant entitles the holder to purchase one […]
Valence Technology Inc. (Austin, TX) announced the appointment of Frough Shokoohi as Chief Technology Officer, effective immediately. Shokoohi will provide technical assistance to the research and the manufacturing teams, oversee partnerships with OEMs, and serve as an industry spokesperson for Valence's battery technologies. "Frough is filling a key management role within our company, and we […]
UCAR International Inc. (Wilmington, DE) announced that the closing of its $150.0 million private offering of additional senior notes due 2012 was completed. The issue price of the additional senior notes was 104.5 percent of the principal amount, plus accrued interest, with the first semi-annual interest payment due August 15, 2002. The additional senior notes […]
Modine Manufacturing Co. (Racine, WI) reported fourth-quarter net earnings of $5.0 million, or $0.15 per fully diluted share, and $254.6 million in revenue for the period ending March 31, 2002. Compared to the prior year, revenue decreased 6.2 percent and net earnings decreased 2.9 percent. Sales for the full year declined by 4.2 percent to […]
International Components Corp. (ICC, Chicago, IL) announced that it has relaunched its website to now provide complete technical information on battery management products, charger controls, safety circuits, battery fuel gauges, power supplies and custom charging solutions. ICC has placed information on performance characteristics, technical diagrams and specifications for all of the company's IC-based products. "Battery […]
The US Fuel Cell Council (USFCC, Washington, DC) exhibited at the American Institute of Architects (AIA) 2002 National Convention and Expo held May 9-11, 2002, in Charlotte, NC. The Council provided information on the state of fuel cell technology for residential, commercial and distributed power applications. "Fuel cell demonstrations are confirming the technology's benefits for […]
Zhongshan Kewei Battery Co. (China) introduced its new 6-DZM-10 sealed lead-acid (SLA) battery, which provides a nominal voltage of 12V; a capacity...
Exide Technologies (Princeton, NJ) announced that it has signed an agreement to supply a full line of automotive batteries to STS Tire and Auto Centers, including the Exide Premium60. Exide Technologies will service the STS stores through its extensive customer service network. "Our new alliance with STS Tire and Auto Centers, along with the continued […]
Medis Technologies Ltd. (New York) announced that it has achieved important advances in the performance of its direct liquid ethanol (methanol) fuel cell (DLEF) relating to energy capacity and operating time. In laboratory tests, the Medis fuel cell operated at 0.5V for 10,000mAh continuously for 24 hours on a single fueling. The fuel cell demonstrated […]
Mechanical Technology Inc. (Albany, NY) reported financial results for its first quarter ended March 31, 2002. For the first quarter ended March 31, 2002, revenue was $0.8 million. This is compared to $1.7 million for the period ended March 31, 2001. The company's operating loss was $2.7 million for the first quarter ended March 31, […]
UCAR International Inc. (Wilmington, DE) announced that the company's stockholders approved the change of the company's name to GrafTech International Ltd. at its annual meeting of stockholders. The name change was previously approved by the board of directors and is now effective. "We believe the name GrafTech International Ltd. more accurately reflects our new emphasis […]
Maxwell Technologies Inc. (San Diego, CA) announced the introduction of new low-cost, high-durability, large-cell ultracapacitors designed specifically to meet the energy storage requirements of the transportation and industrial markets. The 2,700-farad TC2700 is the first of a family of new products based on proprietary material science and a simplified design that dramatically reduces manufacturing costs […]
TechSys Inc. (Florham Park, NJ) announced that it has signed up Fuel Cell Companies Inc. (FCCI) to manufacture and distribute its line of solid-oxide fuel cell products in the Republic of China and portions of South America. The agreement calls for FCCI to assume all costs for manufacturing, marketing and distributing the solid-oxide fuel cells […]