Baldor Electric Co. (Fort Smith, AK) announced sales and earnings for the fourth quarter of 2000 and record sales and earnings for fiscal year 2000. Baldor reported sales of $621.2 million, up six percent from fiscal 1999. Earnings were a record $46.3 million, also up six percent over 1999. Earnings per share were up thirteen […]
Yaskawa Electric America Inc. (YEA, Waukegan, IL) has assumed ownership and operation of the MagneTek drive products business unit in New Berlin, Wisconsin, formerly a part of the Drives & Systems group of MagneTek Inc. (Nashville, TN). This unit sells, modifies and services general purpose and high-performance ac drives. MagneTek will retain the industrial controls […]
The California Air Resources Board (CARB) has certified a turbine engine developed by Capstone Turbine (Chatsworth, CA) for use in commercial hybrid-electric vehicles. Using a CARB-approved test cycle for testing emissions of microturbine systems, the nitrogen oxide (NOx) emissions of the 30kW Capstone MicroTurbine is 0.26 grams per brake horsepower-hour using compressed natural gas and […]
Darnell.Com Inc. (Corona, CA) announced the signing of a strategic partnership agreement with Shenzhen IC-Net Co., a leading Chinese e-commerce company specializing in integrated circuits, semiconductors and related electronic products under the auspices of the China Electronics Chamber of Commerce (CECC) and the Chinese Ministry of Information Industry (MII). The terms of the strategic partnership […]
Unique Mobility Inc. (Golden, CO) recently announced that the quality management system for its motor manufacturing subsidiary, Unique Power Products Inc. (Frederick, CO), has been certified compliant with the international quality standard ISO 9002. "This achievement is a direct result of the entire organization working together," said Fred Davis, Unique Power Products Manager of Motor […]
American Electric Automobile Co. Inc. (Ontario) announced that its board of directors has decided to withdraw from participation in a joint venture to produce hybrid electric automobiles in China. The board cited such reasons as inherent risks in Chinese business conditions and the difficulty of monitoring the activity. "The decision was taken after careful consideration," […]
BMW (Munich, Germany) and Delphi Automotive Systems (Troy, MI) have unveiled a development vehicle that is equipped with a solid oxide fuel cell (SOFC). The development vehicle uses the SOFC as the key component in an auxiliary power unit (APU), which could generate electrical energy for a wide range of potential vehicle systems and allows […]
Nuvera Fuel Cells Inc. (Cambridge, MA) and Air Liquide (France) announced their agreement to form a joint venture to be based in Sassenage, France, near Grenoble. The company, whose name has not yet been announced, will develop and market, on a global scale, complete power production systems based on fuel cell and fuel processor technology. […]
Electrofuel Inc. (Toronto, Canada) has announced its results for the quarter ended December 31, 2000. Revenue for the first quarter of fiscal 2001 was $123,709, reflecting sales of the PowerPad160 rechargeable laptop computer battery from the Company's low-volume production plant in Toronto. The company had no revenue in the first quarter of fiscal 2000. Research […]
Honda (Japan) has equipped its latest FCX-V3 fuel cell vehicle with a Honda-designed fuel cell stack, instead of one developed by Ballard Power Systems Inc. (Vancouver, BC). Ballard's fuel cell stacks powered earlier Honda FCX versions, including the FCX-V1 introduced in 1999. The new vehicle has joined the fleet of vehicles participating in the California […]
Lithium Technology Corp. (Plymouth Meething, PA) recently provided an update on the status of its planned merger with Ilion Technology Corp., formerly Pacific Lithium Ltd. (PLL, New Zealand). On October 2, 2000, PLL domesticated into the US as a private Delaware-based corporation. PLL changed its name to Illion Technology Corp. Ilion's anticipated IPO and NASDAQ […]
ZeTek plc (UK) recently began operation of a mass-production fuel cell plant in Cologne, Germany. The CEO of the company, Nick Abson, reported that he already had orders worth nearly $3.0 million to the end of June. He declined to name his customers, but they include a major US utility, a logistics company and British […]
UQM Technologies Inc. (Golden, CO) reports that it has been selected by Ecostar Electric Powertrain and Power Conversion Systems (Darborn, MI) to supply fuel cell compressor drive motors for use in Ford's and DaimlerChrysler's fuel cell engine vehicles. "Our selection by Ecostar to supply compressor drive systems for Ford's and DaimlerChrysler's next generation of fuel […]
DuPont (Wilmington, DE) announced that it has formed a fuel cell unit to capture a piece of the growing market for clean-energy technology. Dupont stated that it expects this market to be worth $10 billion by the end of the decade. The formation of the DuPont fuel cell division provides a business platform from which […]
General Semiconductor Inc. (Melville, NY) reported results for the quarter and year ended December 31, 2000. Sales increased 6.3 percent, to $119.9 million, from the $112.8 million recorded in the fourth quarter of 1999. Sales of $493.7 million for the year increased 18.4 percent over the $417.1 reported in 1999 and reached a record high. […]