Electrosource Inc. (San Marcos, TX) recently announced it has successfully completed a year-long revenue-service demonstration of hybrid-electric buses equipped with Electrosource batteries.Five Orion VI hybrid-electric buses, powered with Lockheed Martin's (Bethesda, MD) HybriDrive propulsion system, have logged over 80,000 miles of daily service during calendar year 1999. According to Electrosource, the daily service schedule required […]
Evercel Inc. (Danbury, CT) recently announced that John H. Gutfreund, former chairman and CEO of Solomon Brothers Inc. and former vice chairman of the New York Stock Exchange, has joined Evercel's board of directors. "We're pleased that John is offering his unparalleled global market experience to the Evercel board," said Robert L. Kanode, president and […]
Lithium Technology Corp. (LTC, Plymouth Meeting, PA) and Pacific Lithium Ltd. (PLL, New Zealand) recently announced that they have signed a definitive merger agreement following approval by LTC's board of directors. The merger is subject to the approval of the LTC shareholders, which will require the filing of a proxy statement with the SEC, and […]
New York City Transit announced it has ordered 125 buses equipped with a hybrid electric drive system that is designed to dramatically reduce emissions and fuel consumption while improving performance and reducing maintenance costs.The buses will be equipped with the HybriDrive propulsion system, produced by Lockheed Martin Control Systems (Johnson City, NY). The system is […]
Electric Fuel Corp. (New York) recently announced its Electric Vehicle Division has agreed to participate in a cooperative all-electric hybrid vehicle development and demonstration program in Germany. According to the company, the program will be implemented by a consortium comprising major German industrial firms, such as DaimlerChrysler AG and Varta Batterie AG. The German Post, […]
Volvo Trucks North America Inc. (Greensboro, NC), Lockheed Martin Control Systems (Johnson City, NY) and Radian Inc. (Alexandria, VA) recently announced they are building a Class 8 tractor powered by a hybrid electric propulsion system for a US Army program. The project calls for delivery of the demonstrator truck to the Army's Tank-Automotive and Armaments […]
SatCon Technology Corp. (Cambridge, MA) recently announced that it has established a new operating division, the Advanced Fuel Cell Power Products Division, formerly HyComp (Marlborough, MA).SatCon builds power converter modules for use in residential fuel cell power generation systems. The company claims the modules can also be sized for commercial applications including small businesses, factories, […]
Ballard Power Systems (Vancouver) recently announced that Ford Motor Company (Dearborn, MI) presented a new prototype vehicle powered by Ballard's next generation fuel cell, the Mark 900, at the North American International Auto Show in Detroit.The Th!nk FC5 is a family size sedan powered by a fuel cell system which was manufactured by Ballard, DaimlerChrysler […]
Evercel Inc. (Danbury, CT) recently announced that it has raised $6.6 million in capital through the private placement of equity securities and a commitment from these investors for an additional $3.3 million, at the option of the company.According to Evercel, investors in the private placement will receive 264,000 of Series A Convertible Preferred Shares at […]
Unique Mobility Inc. (Golden, CO) recently announced that its hybrid electric motor/generator is featured in the General Motors Precept Technology Demonstration Vehicle introduced at the 2000 North American International Auto Show in Detroit.According to the company, the GM Precept is a fully functional hybrid electric five-passenger family sedan designed to achieve 80mpg. The company claims […]
Exide Corp. (Reading, PA) recently announced it has been awarded a contract to supply more than 150,000 military batteries per year for wheeled and tracked vehicles, serving 218 military bases throughout the US. According to Exide, the contract, awarded by the US Defense Logistics Agency's Defense Supply Center, is for an initial two years, with […]
Bolder Technologies Corp. (Golden, CO) recently announced that First Security Van Kasper, the underwriters for its recent public offering of common stock, has exercised its over-allotment option in full, resulting in the sale of an additional 330,000 shares and the receipt of net proceeds for Bolder of approximately $2.8 million. According to Bolder, with the […]
Evercel Inc. (Danbury, CT) recently announced that fourth quarter 1999 results included the newly formed company's first sales to customers by its joint venture partner, Xiamen Three Circles-ERC Battery Corp. Ltd. (China).For the three months ended October 31, 1999, Evercel reported revenues of $196,000 and a net loss of $1,879,000, or $0.66 per basic and […]
Ebus Inc. (Downey, CA) recently announced it has been awarded a contract from the Santa Barbara Metropolitan Transit District to supply the next generation of the Santa Barbara electric shuttle. The contract consists of an initial order of six vehicles with a follow-on order for another three.According to the company, the new shuttles will be […]
Evercel Inc. (Danbury, CT) recently announced a sale of 6,000 of its Model 40/12V nickel-zinc batteries by its joint venture in China, the Xiamen Three Circles-ERC Battery Co. Ltd. (XMERC, China). The sale is to the Taiwan EVT Technology Co. Ltd. (Taiwan).According to Evercel, beginning in the second quarter of 2000, the batteries will be […]