Shell Hydrogen US, a division of Shell Oil Products Co. (Shell, Netherlands), and International Fuel Cells (South Windsor, CT), a unit of United Technologies Corp. (Hartford, CT), announced the formation of HydrogenSource LLC (South Windsor, CT). The fifty-fifty joint venture plans to develop, manufacture and sell fuel processors and hydrogen generation systems for emerging fuel […]
Surge Components Inc. (Deer Park, NY) announced that Alan Plafker has joined its board of directors. Plafker has been appointed as a member of the board's audit and compensation committees. As a result of his appointment to the audit committee, Surge remains in full compliance with the audit-committee independent director composition requirements of the Nasdaq […]
General Semiconductor Inc. (Melville, NY) expects its second-quarter revenues to be down 15 to 17 percent from $102.0 million in the first quarter of 2001. Earnings for the quarter are now expected to be about $0.01 to $0.03 per share. The company reports, however, that new product sales are continuing to grow, and investments in […]
Energy Ventures Inc. (EVI, Canada) and the Alberta Research Council Inc. (ARC, Canada) have entered into a joint-development agreement to create commercial prototypes utilizing EVI's direct methanol fuel cell technology. Under the agreement, EVI and ARC will utilize ARC's premises in Canada. In addition, ARC will invest up to $3.0 million in EVI through the […]
H Power Corp. (Clifton, NJ) announced the appointment of Dudley Wass to the position of COO. As COO, Wass will be primarily responsible for overseeing all day-to-day operations of the company as it moves toward commercialization of its PEM fuel cell systems. Wass joins H Power from Visteon Corp. (Dearborn, MI), where he served as […]
UQM Technologies (Golden, CO) reported record fiscal-year 2001 revenues. Operations for the year ended March 31, 2001, excluding asset write-down charges, resulting in a net loss of $2,427,523, or $0.14 per common share. In comparison, the company had a net loss of $2,367,179, or $0.14 per common share, in 2000. Total revenue for fiscal-year 2001 […]
Electrofuel Inc. (Canada) reported its results for the six months ended March 31, 2001. Revenue for the first six months of fiscal 2001 was $270,372. The company had no revenue in the same six months of fiscal 2000. Research and development costs increased to $1.3 million, from $512,978 in the same six months last year. […]
General Semiconductor (Melville, NY) announced a new SMF package that it claims offers the same current and power-handling capability of a power package in an ultra-small package. The SMF matches the JEDEC DO-219 standard outline, with a height of less than 1mm. The footprint allows it to fit on the mounting pad of a number […]
Tadiran US Battery Division (Port Washington, NY) is now offering Pulses Plus batteries specifically designed for emergency roadside-assistance systems, automatic mayday systems, and other GPS and RFID-based systems. The Pulses Plus lithium battery can be used as either a backup battery or as the primary power source. It is a 3.6V battery utilizing lithium-thionyl chloride […]
Honda Motor Corp. (Torrance, CA) is planning to air a new television commercial focusing on the Honda Insight. The company wants to...
Fuel Cell Technologies Corp. (Canada) announced that it has completed the filing of a preliminary prospectus for a proposed offering of common shares in all of the provinces and territories of Canada. The offering is expected to close in July 2001. Proceeds of the offering will go towards expanding marketing and sales initiatives, continuing research […]
Toyota Motor Corp. (Japan) announced that it has developed a new hybrid auto fuel system that it believes will improve efficiency by 15 percent over conventional vehicles and reduce emissions. The company reports that the system is easy to adapt. The first model equipped with the new system, called the Toyota Hybrid System-Mild (THS-M), will […]
FuelCell Energy Inc. (Danbury, CT) announced that it has agreed to sell three million shares of its common stock through Merrill Lynch in an underwritten public offering. The offering is being made pursuant to FuelCell Energy's shelf registration statement. FuelCell Energy intends to use the net proceeds from this offering to expand manufacturing equipment and […]
Energy Conversion Devices Inc. (ECD, Troy, MI) announced that Dr. Alastair Livesey has assumed the position of director of hydrogen-energy systems. Livesey...
Azure Dynamics Corp. (Canada) announced that it has entered into a strategic alliance with Grumman Olson Industries Inc. (Sturgis, MI). The alliance was formed to equip a current Grumman Olson walk-in vehicle with a hybrid power-train. Azure and Grumman Olson will also develop a concept design for a next-generation vehicle involving the development of a […]