Swichtec Power Systems Ltd. (New Zealand) recently announced it will undergo a name change that will take effect February 14, 2000. The company will be called Invensys Energy Systems (NZ) Ltd.According to the company, the name change reflects the new ownership of the company. In 1998 Swichtec Power Systems was purchased by BTR plc, which […]
Applied Power Inc. (Milwaukee) recently announced a quarterly dividend of $0.015 per share on the company's common stock.The dividend is payable on February 29, 2000 to shareholders of record on February 9, 2000.
SatCon Technology Corp. (Cambridge, MA) recently announced that it has established a new operating division, the Advanced Fuel Cell Power Products Division, formerly HyComp (Marlborough, MA).SatCon builds power converter modules for use in residential fuel cell power generation systems. The company claims the modules can also be sized for commercial applications including small businesses, factories, […]
NEC Corp. (Tokyo) recently announced it would sell NEC Moli Energy Ltd. (Canada), the production center for its cylindrical batteries, to E-One Energy Technology Corp. (Taiwan).NEC, which currently has a 66.08 percent stake in the Canadian unit, will sell to E-One after buying out the stakes held by Mitsui & Co. Ltd. and Yuasa Corp. […]
Valence Technology Inc. (Henderson, NV) recently announced the promotion of Dr. George W. Adamson to vice president of research and development. According to Valence, Dr. Adamson succeeds Dr. Joseph Lundquist who is retiring. Dr. Adamson holds a Ph.D. in physical chemistry from MIT and was formerly vice president of process engineering and development for Valence."While […]
Ultra-Force Battery Co. (UFBC), a subsidiary of BAT International (San Diego), recently completed a new battery manufacturing plant in Hyderabad, India. The new plant has 2 million amp hours of production capacity to manufacture fiber nickel electrode batteries.The company also announced that UFBC has formed Ultra-Force Battery Ltd. (UFBL), which is a joint venture with […]
SatCon Technology Corp. (Cambridge, MA) recently announced that it has retained Thomson Financial Investor Relations as its investor relations counsel."We are excited to announce our engagement of Thomson Financial Investor Relations as we seek to embark on a more pro-active dialogue with the investment community," said David Eisenhaure, president, chairman and CEO of SatCon. "We […]
Ultralife Batteries Inc. (Newark, NY) recently announced the dismissal of a civil action that had claimed Ultralife interfered with plaintiff's opportunity to purchase Dowty Battery Division of TI Group PLC, now Ultralife Batteries' UK subsidiary. According to the company, a jury trial was conducted after which the jury returned a verdict in favor of Ultralife […]
Invensys (London) announced its first set of interim results since being formed in February 1999. The company reported sales of 3.4 billion pounds, up 6.6 percent. Operating profits were up 6.4 percent to 516 million pounds and order intake was up eight percent to 3.6 billion pounds."Our first half year progressed well as we grew […]
Condor Inc. (Oxnard, CA) recently introduced the GLC65 and GLM65 Series power supplies available in seven different single-output configurations with 65W requirements....
American Electric Power (AEP, Columbus, OH) and Central and South West Corp. (CSW, Dallas) recently announced they have mutually agreed to amend the agreement for the pending merger of the two companies to extend its term. According to the companies, this will allow additional time to satisfy the closing conditions contained in the agreement.The amendment […]
Condor Inc. (Oxnard, CA) recently introduced two new versions of its Global Low-Cost Switching-Power Supply Series. The low-profile (4.25" x 7" x...
Invensys (Raleigh, NC) recently announced that it has completed the acquisition of Best Power (Necedah, WI) from SPX Corp. According to Invensys, the deal closed for 145 million pounds ($240 million) cash on a debt and cash free basis. Best Power will become part of Invensys Secure Power, an operating unit under Invensys Power Systems, […]
Mattel Inc. (El Segundo, CA) recently announced that faulty power supplies forced Mattel licensee Patriot Computers Corp. (Toronto) to delay the shipment of about 40,000 of Mattel's new Barbie and Hot Wheels computers.Patriot is replacing the bad parts and hopes to have computers in customers' hands by early January. Youngsters who did not get their […]
Broadband TelCom Power Inc., formerly BTCPower Electronics Corp. (Costa Mesa, CA), recently introduced the QMT-100, a quarter-brick dc/dc power converter with a 30-amp current capacity. According to the company, the QMT-100 Series converters weigh 75 grams and have dimensions of 1.45 x 2.28 x 0.50. Output levels for the series include 2.5, 3.3, 5 and […]