Winners were announced at the eleventh annual Junior Solar Sprint (Golden, CO), which took place on Saturday, May 12, 2001. Thirty-seven teams...
Honda (Torrance, CA) has announced its new Insight CVT, which it claims is the most fuel-efficient vehicle in the US with an...
Electric Fuel Corp. (New York, NY) announced its results for the first quarter of 2001. For the three months ended March 31, 2001, Electric Fuel reported revenues of $726,000, compared with revenues of $653,000 for the same period in 2000, an increase of 11 percent. The company reported a net loss for the quarter of […]
The eleventh annual Junior Solar Sprint (Golden, CO) will take place on Saturday, May 12, 2001. Forty-two teams of middle school students from across Colorado will race model solar energy-powered cars. The event is sponsored by the US Department of Energy's National Renewable Energy Laboratory (NREL, Golden, CO), Kaiser-Hill (Golden, CO), Midwest Research Institute (Kansas […]
United Technologies Corp. (UTC, Hartford, CT) reported a 16-percent increase in first-quarter diluted earnings per share to $0.86, versus $0.74 in the prior year. Net income was $440 million, 17 percent above the $377 million reported in the first quarter of 2000. Revenues for the quarter were $6.7 billion, four percent higher than the prior […]
Solectria Corp. (Wilmington, MA) announced that it has signed a strategic development and supply agreement with Maxwell Technologies (San Diego, CA) to collaboratively develop advanced hybrid-electric drive systems incorporating Maxwell's PowerCache ultracapacitors. The agreement calls for Maxwell to deliver several thousand ultracapacitor cells immediately. Solectria's CEO, James Worden, reports that Solectria also plans to develop […]
National Semiconductor Corp. (Santa Clara, CA) reported that it will cut 1,100 jobs and revised its forecasted results for this quarter. The company announced that it now expects its results to be between the break-even point and a loss of $0.04 per share. Its revenue will be in the range of $390.0 million to $400.0 […]
General Motors (Detroit, MI) reports that it set a number of international records for vehicles powered by fuel cells in a 24-hour endurance run completed May 1, 2001, at the company's desert proving grounds. The run exposed the vehicle to record heat in the process. Using a modified Opel Zafira minivan, test engineers and journalists […]
SatCon Technology Corp. (Cambridge, MA) announced today that it has been collaborating with Powercell Corp. (Burlington, MA) to qualify SatCon's power conversion electronics and controls for potential use in Powercell's PowerBlock family of electric power reliability and power quality products. SatCon has been working with Powercell to develop proprietary assemblies and control software, which are […]
On May 8, 2001, Astris Energi Inc. (Canada) will be demonstrating what they claim is the world's first golf cart powered by...
Texas Instruments (TI, Dallas, TX) reported its first-quarter financial results. Pro-forma earnings per share were $0.18. Revenue was $2,528.0 million, down eight percent from $2,761.0 million in the year-ago quarter, and down 17 percent sequentially. Pro-forma operating profit was $340.0 million, down from $608.0 million in the year-ago quarter and from $683.0 million in the […]
Solectria Corp. (Wilmington, MA) has signed a strategic development and supply agreement with Maxwell Technologies (San Diego, CA) to collaboratively develop hybrid-electric drive systems incorporating Maxwell's PowerCache ultracapacitors. The agreement calls for Maxwell to deliver several thousand ultracapacitor cells immediately. James Worden, Solectria's CEO, said that Solectria also plans to develop standard power packs, consisting […]
Ballard Power Systems Inc. (Canada) and MicroCoating Technologies Inc. (MCT, Atlanta, GA) announced that they have signed an exclusive agreement to develop MCT´s proprietary combustion chemical vapor deposition process (CCVD) for use in the manufacture of Ballard fuel cells. Ballard will also acquire shares of convertible preferred stock, representing approximately three percent of the equity […]
Pulse (San Diego, CA) has entered the automotive electronics marketplace with the recent acquisition of Mexico City-based Grupo ECM by Pulse's parent company, Technitrol (Philadelphia, PA). Antonio Laguna, president of Grupo ECM, has become president of the new division, to be renamed Pulse-ECM. In making the announcement, John Kowalski, president of Pulse, noted that the […]
Trimol Group Inc. (New York, NY) announced that it has completed a cooperation agreement with SAGEM SA (France) to jointly develop an aluminum-air fuel cell application for SAGEM portable electronics, focusing on commercial as well as military applications. The companies anticipate commercializing aluminum-air fuel cell technology for use in portable consumer electronics to provide significantly […]