Ztek Corp. (Woburn, MA) announced that it has successfully extracted hydrogen from regular unleaded gasoline using Ztek's patented reformer. The breakthrough could revolutionize the fuel cell industry by freeing vehicles from the need for an expensive and heavy on-board reformer. Fuel cell vehicles (FCVs) could be refueled similar to current gasoline-powered cars. Ztek's reformer extracts […]
Based on an unfavorable decision from the Japanese patent office Board of Appeals, Modine Manufacturing Co. (Racine, WI) will no longer receive royalty payments in Japan related to its parallel-flow (PF) technology. Since July of 2000, Modine has been receiving royalty payments from Japanese competitors related to its PF patents, which expire in 2006. Over […]
Medis Technologies Ltd. (New York) reported financial results for the year and quarter ended December 31, 2001. For the year ended December 31, 2001, the net loss attributable to common shareholders was $34,766,000, or $2.02 per share, compared to a net loss attributable to common shareholders of $25,463,000, or $1.79 per share, for the year […]
United Technologies Corp. (South Windsor, CT) announced that its fuel cell unit sold seven power plants to Verizon Communications to power a call-routing center on Long Island that will be the world's largest fuel cell installation. United Technologies declined to disclose terms of the deal. Normally, the fuel cells price at about $900,000 each, said […]
IDACORP Inc. (Boise, ID) announced that risk-management expert Christopher Culp has been appointed to the IDACORP board of directors, filling the vacancy created by the retirement of Peter Johnson earlier this year. Culp also will serve on the board's audit committee. Culp, who will assume his new board duties immediately, is managing director of global […]
US Department of Energy Secretary Spencer Abraham joined Siemens Westinghouse Power Corp. (SWPC, Orlando, FL) and Southern California Edison (SCE, Rosemead, CA) for the introduction of the world's first combination of a fuel cell and microturbine. Linked together in a mini-power plant the size of a small house trailer, the advanced generator is being tested […]
FuelCell Energy Inc. (Danbury, CT) announced company plans to invest $20.0 million on new equipment needed to boost capacity at its Torrington, CT, plant. FuelCell's mini power plants, built in Torrington, are being developed to run hospitals, schools, apartment buildings and other large facilities. Jerry Leitman, president and CEO, stated, "You want to stay ahead […]
Belkin (Compton, CA) introduced its universal serial bus (USB) Power Sync Travel Kit for Palm m500 and m505 (F8P3001) personal digital assistants (PDAs); Compaq iPAQ H3100, H3600 and H3700 Series handhelds (F8Q1001); and Hewlett Packard Jornada 520, 540 and 560 Series handhelds (F8H1001). The Belkin USB Power Sync Travel Kit provides flexible and complete charging […]
Global Thermoelectric Inc. (Calgary, Canada) announced operational and financial results for the quarter and the year ended December 31, 2001. For the year ended December 31, 2001, the company incurred a net loss, after discontinued operations, of $11.8 million, or $0.45 per share, compared to $0.7 million, or $0.04 per share, for the year ended […]
Proton Energy Systems Inc. (Rocky Hill, CT) posted a wider fourth-quarter loss as it spent more on research and development. Proton reported a loss of $1.95 million, or $0.06 a share, compared with a loss of $522,000, or $0.02 a share, in the period a year earlier. Revenues rose to $1.8 million from $163,000 in […]
Ballard Power Systems Inc. (Vancouver, BC) reported a wider fourth-quarter loss driven by higher spending for research and development of its fuel cell technology. Ballard, which switched its accounting from Canadian to US dollars in the quarter, said its losses were $36.0 million, or $0.37 a share, for the period ended December 31, 2001, up […]
Linear Technology Corp. (LTC, Milpitas, CA) announced the new LTC3704, a current-mode, positive-to-negative, dc/dc controller with a wide input-voltage range from 2.5V...
Howaldtswerke-Deutsche Werft AG (HDW, Kiel, Germany) has christened U31, the first of four 212A class submarines. Destined for the German Navy, U31 is scheduled for commissioning on March 30, 2004. The new class 212 submarine developed by HDW has an air-independent propulsion system using a hydrogen fuel cell. HDW is reported to be the first […]
Hyundai Motor Co. (Korea) will feature hybrid drive systems developed by Enova Systems (Torrance, CA) in its hybrid transit vehicles. Enova manufactured the drive systems as a result of the two companies' joint hybrid-development program. The series hybrid drive system is an Enova Panther Genset, which consists of a 50kW electric motor, a motor controller […]
Medis Technologies (New York) released its financial report for the period ending December 31, 2001, showing the company sustained net losses of $31,582,000 for the year. From the company's inception in April 1992 through December 31, 2001, it has generated a cumulative net loss of approximately $77,669,000, including approximately $39,757,000 from amortization expense. The company […]