Electric Fuel Corp. (Iselin, NJ) announced that it has successfully completed the first driving tests of its battery-powered electric bus, designed to provide a full-day's operation with zero emissions in an urban environment. The bus is equipped with Electric Fuel's ZincAir energy system, which stores a record 320kWh of energy onboard the bus. The company […]
Evercel Inc. (Danbury, CT) announced its second quarter 2000 results. For the three months ended June 30, 2000, Evercel reported revenues of $59,000 and a net loss to common shareholders of $2,571,000, or $0.41 per basic and diluted share, compared with no sales and a net loss of $1,435,000, or $0.26 per basic and diluted […]
Delphi Automotive Systems (Troy, MI) reported second quarter 2000 earnings of $424.0 million, or $0.75 earnings per share, in line with analyst consensus estimates. Cash flow from operations generated $455.0 million in the second quarter. On sales of $7.8 billion, Delphi's earnings climbed 8 percent to $424.0 million from $394.0 million in the second quarter […]
Ansoft Corp. (Pittsburgh, PA) announced that it is acquiring SIMEC GmbH and Co. KG (Germany) and has recruited Mark Markel of General Motors (Detroit, MI) to be technical lead for its latest business venture, APT Solutions. Ansoft intends to move aggressively to tackle the automotive design services market through APS Solutions. Mark Markel, who has […]
Zapworld.Com (Sebastopol, CA) announced at its annual shareholders meeting on June 24, 2000, details for the basis of the company's growth plan over the next five years and announced $3.0 million in new preferred stock financing.Zap's newly appointed president, John Dabels, outlined the company's growth plan for the future, which would combine a strategy of […]
ON Semiconductor (Phoenix, AZ), formerly a division of Motorola, and Siliconix (Santa Clara, CA), a subsidiary of Vishay Intertechnology Inc. (Malvern, PA), announced that the two companies have entered into a broad cross-licensing agreement that will enable the exchange of silicon intellectual property for power management, extending battery life in applications such as cellular phones […]
Electric Fuel Corp. (Iselin, NJ) announced that the company does not presently intend to sell shares. The company's recent filing with the Securities and Exchange Commission to sell three million shares of its common stock was intended only to register the shares in order to make them available for sale at a future date to […]
The US Department of Energy's (DOE, Ann Arbor, MI) National Renewable Energy Lab (NREL, Golden, CO) has established the strategic role of functional virtual prototyping in its product-engineering process with a $650,000 software and services order to Mechanical Dynamics Inc. (Ann Arbor, MI), the developer of ADAMS mechanical system simulation software.NREL, the DOE's premier laboratory […]
Aluminum-Power Inc. (Toronto, Canada), a Canadian-based high-technology company that has developed technology in the design, chemistry and manufacture of aluminum and oxygen fuel cells, has developed a metal-air fuel cell, which delivers significantly more energy in an environmentally sound battery.Aluminum-Power Inc., a member of the Eontech Group Inc., developed the cell over the past five […]
BlueStar Battery Systems International Corp. (Raleigh, NC) announced that it has successfully completed two transactions that advance the strategic repositioning of the company. The first transaction is the sale of BlueStar Battery Systems Corp. (Vancouver, Canada) and BlueStar Advanced Technology Corp. (Vancouver, Canada), the company's specialty manufacturing and research and development subsidiaries. The second transaction […]
Unique Mobility Inc. (UQM, Golden, CO) has been awarded a two-year, $750,000 contract from the US Department of Energy to continue development of a modular line of high-performance motors for hybrid-electric and fuel-cell electric vehicles under the Small Business Innovation Research Program.The award stems from the successful completion of an initial study and evaluation contract […]
The Motorola Automotive and Industrial Electronics Group (AIEG, Northbrook, IL), a business unit of Motorola's Integrated Electronic Systems Sector (IESS), was recently awarded the 1999 GM Supplier of the Year Award for its contribution to GM's improvement efforts for quality, service, technology and price.AIEG received the annual award for its performance on powertrain control modules, […]
Bolder Technologies Corp.(Golden, CO) has announced that two new distributors, Integrated Supply Network Inc. (Lakeland, FL) and Land 'N' Sea will begin selling its SecureStart Portable Jump Starter products, according to Roger Warren, chairman, president and CEO.Bolder Technologies claims that their SecureStart portable jump starter uses new battery technology to start a dead battery in […]
The California Fuel Cell Partnership today announced that fuel cell manufacturer International Fuel Cells (IFC, South Windsor, CT) has joined its public-private venture to help demonstrate and commercialize fuel cell electric vehicles in California over the next four years.The partnership-which formally began in 1999-includes auto manufacturers DaimlerChrysler, Ford, Honda, Hyundai, Nissan and Volkswagen; energy providers […]
Ballard Power Systems (Vancouver, Canada) announced that EBARA Corp. (Japan) has increased its ownership position in Ballard Generation Systems (BGS) to 11.4 percent, or 10 percent on a fully diluted basis, from six percent for a total subscription price of $19.1 million.BGS was formed to commercialize proton exchange membrane (PEM) fuel cell power generators that […]