B&K Precision Corp. (Yorba Linda, CA) introduced a new 10MHz pulse generator, the Model 4030, to its line of test equipment. Utilizing...
Schaffner EMC Inc. (Edison, NJ) reached an agreement to acquire WEE Electrotest (Wertheim, Germany). With the acquisition, Schaffner will continue to provide a complete range of EMC components, EMC instrumentation and test systems for radiated and conducted interference, and advanced power-supply test systems. The consolidation of the two companies was effective as of January 1, […]
The board of directors of Modine Manufacturing Co. (Racine, WI) declared a dividend for its fourth quarter of $12.5 cents per share on outstanding common stock, payable June 6, 2002, to all shareholders of record May 28, 2002.
Honda Motor Co. (Japan) and Plug Power Inc. (Latham, NY) announced that they will collaborate on research into home-based hydrogen/fuel cell vehicle refueling stations. The refueling stations will provide heat, hot water and electricity to a home while also producing hydrogen for a fuel cell vehicle. The stations will be fueled with natural gas. Research […]
GE Power Systems (Atlanta, GA) announced that it has completed its acquisition of Enron Wind Corp., and renamed the new business as GE Wind Energy (Tehachapi, CA), which will be headed by Steven Zwolinski, who has been serving as the general manager of GE Global Hydro. GE announced its intent to acquire Enron Wind in […]
Plug Power Inc. (Latham, NY) announced that it has entered into a memorandum of understanding (MOU) with Honda R&D Co. Ltd., a subsidiary of Honda Motor Co. Ltd. (Japan). The MOU documents the companies' mutual desire to collaborate on a research project to explore concepts for a home-based hydrogen vehicle refueling system, and Honda's intention […]
Fairchild Semiconductor International Corp. (South Portland, ME) reported first-quarter revenues that were four percent higher than the previous quarter, but down 13 percent year-over-year. Sales for the quarter were $336.9 million, compared with $324.6 million in the fourth quarter and $367.8 million a year ago. First-quarter gross margins were about 24 percent. Bookings were 28 […]
Power Integrations Inc. (San Jose, CA) announced a new version of its power supply design tool, PI Expert version 4.0, which now...
Ballard Power Systems Inc. (Vancouver, Canada) announced that it has received a $2.0 million order from Nissan Motor Co. Ltd. (Japan) for Mark 902 fuel cell modules and support services, for delivery in 2002. The Mark 902 fuel cell module optimizes lower cost, design for volume manufacture, reliability, power density and compatibility with customer system […]
IXYS Corp. (Santa Clara, CA) released its financial results for its fourth fiscal quarter and its fiscal year ended March 31, 2002. For the fourth fiscal quarter ending March 31, 2002, net revenues were $20.4 million, compared with net revenues of $32.0 million, reported for the same period in fiscal year 2001. Although still generating […]
The 2003 Advanced Automotive Battery Conference will be held May 6 to 9, 2003, in Nice, France. The agenda will include batteries for advanced vehicles, power generation and distribution on board vehicles, as well as technical and financial challenges for commercialization of automotive ultracapacitors and fuel cells.
Agile Systems Inc. (Waterloo, ON) announced that it has successfully passed an extensive ISO 9001 audit and received its recertification. Agile Systems has been ISO 9001 certified since 2000.
Dallas/Fort Worth International Airport (DFW, Dallas, TX) debuted its first automated people mover (APM) train system car, a 39ft, 69-passenger, electric-powered vehicle...
Dynex Power Inc. (Ottawa, Canada) announced a private placement of 1,500,000 common shares at $0.65 per common share. The majority of the common shares from this placement, 1,050,000, will be issued as compensation to employees whose salaries were reduced by 20 percent during the first quarter of 2002. The additional funds in the amount of […]
Exide Technologies (Princeton, NJ) filed suit to recover legal fees paid to the two most senior members of its former management team: former Chairman, President and CEO Arthur Hawkins, and former Executive Vice President and President of North American Operations Douglas Pearson. Both Hawkins and Pearson were forced to resign from Exide in October 1998. […]