IXYS Corp. (Santa Clara, CA) announced that it expects its revenue for the quarter ending December 31, 2001, to decline by up to 25 percent from its revenue for the September 30, 2001, quarter. This is a change from the 15- to 20-percent decline, which was previously estimated. "The decline in revenue that we now […]
Zevco (London) announced it had orders for six fuel cell powered vans, five going to England's official Post Office, the Royal Mail, and one to the Westminster City Council. The company also plans to be listed on Europe's Easdaq and New York's Nasdaq exchanges this year. A European investment bank has been named to advise […]
Bolder Technologies Corp. (Golden,CO) has signed an agreement with Snap-on Tools Co. to supply Bolder's Thin Metal Film (TMF) battery technology to a line of Snap-on products for professional auto technicians. Developed and manufactured by Bolder to Snap-on's specifications, the first product is expected to be introduced in the fourth quarter and will be sold […]
Several serious contenders to replace today's lead-acid batteries were showcased at last week's IEEE International Telecommunications Energy Conference (Intelec) in Copenhagen. Over 1,000 attendees saw the most-recent developments in low-speed flywheels, high-speed flywheels, Li-polymer batteries, Vanadium batteries, and fuel cell technologies. This last Intelec of the 20th Century pointed toward a future where lead-acid batteries […]
Nuvera Fuel Cells Inc. (Cambridge, MA) announced a breakthrough technology concept that could rapidly advance the commercialization of fuel cell vehicles. The innovation, invented by Nuvera and to be developed through the firm's high-efficiency quick start (Hi-Q) program from funding provided by the US Department of Energy, addresses key issues such as start-up time and […]
Evercel Inc. (Danbury, CT) has opened its new corporate facilities and pilot production line, which will be dedicated to providing market samples of its rechargeable nickel-zinc batteries for field testing. Full scale production facilities are located in Xiamen, China through a joint venture with Xiamen Three Circles-ERC Battery Corp. Ltd. The Danbury facility will serve […]
Power Technology Inc. (Las Vegas) announced it has entered into an exclusive joint manufacturing and distribution agreement with Aniche Inc., a Phoenix-based international OEM manufacturing agent officially authorized by the Chinese Central Government to represent Power Technology in prototyping, OEM manufacturing, planning, market development and sales distribution throughout China of its patented nickel-iron battery technology.The […]
Lithium Technology Corp. (Plymouth Meeting, PA) announced that they have engaged Rodman & Renshaw as their exclusive placement agent in preparing and completing a private offering of approximately $4,000,000 of the Company's securities. Proposed terms include convertible preferred stock to be offered at a premium to the current market price. Lithium Tech is moving forward […]
ZAP Power Systems (Sebastopol, CA) announced that its shareholders have agreed to change the corporate name to Zapworld.Com Inc. in response to increasing sales from the Internet. The name change is also meant to reflect the increasing role of the Internet for ZAP's marketing. According to ZAP, the company's Internet Shopping Mall averages 12,000-15,000 hits […]
BlueStar Battery Systems International Corp. (Vancouver, BC) announced revenues for the second quarter ended March 31, 1999 of $39.2 million, a 33.9 percent increase from $29.3 million for the same period last year. BlueStar also announced the appointment of James A. Risher as chairman. Net loss for the quarter was $1.4 million, or $0.02 per […]
Fairchild Semiconductor (San Jose, CA) launched the new FDB06AN08A1 75V ULTRAFET trench MOSFET, designed for high-current starter/alternator, electronic power steering, electric braking,...
The Electrobike subsidiary of BAT International (Chula Vista, CA) introduced their new Jazz electric bicycle at last month's Southern California Bike Expo. According to BAT, negotiations are now under way with distributors to facilitate the introduction of Electrobike's product line to major retail chain stores. An agreement for bridge financing is in its final stages […]
Ballard Power Systems (Vancouver, BC) reported first quarter revenues of CDN$6.5 million compared to CDN$4.8 million a year ago. Net loss for the quarter was CDN$8,818,000, or CDN$0.11 per share, compared to a net loss of CDN$8,202,000, or CDN$0.12 a year ago. At March 31, 1999 Ballard's financial condition was strong with shareholder's equity of […]
TechSys Inc. (Livingston, NJ) reports that it has signed a definitive business agreement to merger with Fuel Cell Companies Inc. (FCCI). FCCI holds a majority interest in Micro Fuel Cell Systems Inc., JPL, and SOFC Energy Inc. (UK). Steven Trenk, president of TechSys, commented, "We're very excited about the merger with FCCI. Their majority-owned technology […]
Toyota Motor Corp. (Nagoya, Japan) has reportedly stepped up their plans to be a leader in the electric-hybrid arena by announcing they will be unveiling both a minivan and sports-utility prototype within the next eight months. Toyota plans to show the hybrid SUV at the Tokyo Motor show. The minivan, which will be called the […]