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 […]
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 […]
Dynex Power Inc. (Ottawa, Canada) announced a major production order with Groupe SAGEM (France) to provide power semiconductor modules for Renault's (UK) new Kangoo all-electric and hybrid thermal-electric minivan due for release at the end of 2001. This order is the result of three years collaboration between Dynex and SAGEM on the use of power […]
The 2001 Congressional Fuel Cell Expo will be held Tuesday, June 26, 2001, in the Cannon Caucus Room of the Cannon House Office Building on Capitol Hill in Washington, DC. Energy Secretary Spence Abraham will provide welcoming remarks to the expo attendees and exhibitors, and the event's Congressional host, Representative Nancy Johnson of Connecticut, also […]
Exide Technologies (Princeton, NJ) announced that it expects a loss per diluted share in the range of $0.39 to $0.44 for its first fiscal quarter, ending on June 30, 2001. The company also reported that it expects earnings per diluted share in the range of $0.60 to $0.75 for the full fiscal year, ending on […]
Manhattan Scientifics Inc. (Los Alamos, NM) announced that it has completed a one-year productization effort and is seeking to build a pilot production line leading to volume manufacturing of its NovArs fuel cells. The company is in discussions with several potential joint-venture partners in the US, Asia and Europe for this purpose. The NovArs fuel […]
Ballard Power Systems Inc. (Canada) announced that it has entered into an exclusive development, collaboration and long-term supply agreement for natural graphite-based materials and manufactured components with UCAR International Inc. (Nashville, TN). Ballard will also become a strategic investor in Graftech Inc., a wholly owned subsidiary of UCAR. Ballard has agreed to invest $5.0 million […]
Zapworld.Com (ZAP, Sebastopol, CA) announced an agreement with Enable Fuel Cell Corp., the wholly owned subsidiary of DCH Technology Inc. (Valencia, CA), to develop an electric-assist bicycle powered by a hydrogen fuel cell. According to the companies, the goal of the relationship will be the introduction of a commercially available fuel-cell-powered electric bicycle. The joint-development […]
NESS Corp. (Korea) announced the formation of Ness Capacitor Co. Ltd. (NCC). A spin-off of NESS Corp., NCC will concentrate on the further research, development and commercialization of their family of capacitor products, including the ultracapacitor, pseudocapacitor and advanced aluminum electrolytic capacitor. "We are greatly encouraged by the progress of our capacitor technology thus far, […]
FuelCell Energy (Danbury, CT) reported revenues of $6.5 million for the second quarter ended April 30, 2001. This is up 32 percent from the company's revenues of $4.9 million in the same quarter of 2000. Net loss for the period was $5.1 million, or $0.32 per diluted share, compared with a net loss of $1.7 […]
Chairman Victor Weiss of Cymbet Corp. (Elk River, MN) recently announced receipt of a $4.5 million private placement of equity securities from Merchant Venture Investments (Netherlands) and Millennium Materials Fund Two (Israel). Cymbet was cofounded by Mark Jenson and Genesis Business Centers as a development-stage company to develop a low-cost manufacturing process for advanced solid-state […]
STMicroelectronics (Switzerland) announced that it is limiting its 2001 capital investments to $1.5 billion and is transferring its Ottawa front-end wafer-fabrication production to its other manufacturing facilities around the world. Capital expenditures, which were earlier forecast to be approximately $1.9 billion, have been reduced. In addition to these measures, ST announced that it is taking […]
Solectria Corp. (Wilmington, MA) announced that two of its electric cars and a hybrid car powered by Solectria components each earned first...
EMEX Corp. (New York, NY) Blue Star Sustainable Technologies division has completed engineering designs for a new fuel-processing system designed to provide hydrogen feed for fuel cell systems. Production of a prototype of this catalytic system, which is designed for a 5kW electrical fuel cell power system, has begun. The fuel-processing system will be a […]