Valence Technology Inc. (Henderson, NV) announced that it has received an initial volume order for lithium-polymer batteries from Bluefin Robotics Corp. (Cambridge, MA), a manufacturer of underwater vehicles. Frank van Mierlo, president of Bluefin Robotics, commented, "We chose Valence Technology for the outstanding performance of their batteries in the extreme conditions found in our applications. […]
DCH Technology Inc. (Valencia, CA) announced that it has signed an agreement with Shell's Skeljungur Ltd. (Iceland) under which they will distribute DCH fuel cells in Iceland as part of a six-month market opportunity assessment. Skeljungur will then act as the distributor of DCH fuel cells to identified markets. DCH further announced that it has […]
SRS (Cary, NC), a subsidiary of Progress Energy, announced that it is partnering with the Marine Corps Air Station (MCAS) Cherry Point to save approximately $1.3 million annually through a new energy-conservation program. The energy projects are self-financing, allowing MCAS Cherry Point to fund infrastructure improvements through energy and operational savings. The SRS program will […]
Sustainable Energy Technologies Ltd. (Canada) announced that it has successfully completed initial testing of its next-generation power inverter. Results show that the 4kW dc/ac inverter has a peak efficiency of 96 percent at 20 percent of full load. The test showed that as power was increased, the efficiency dropped only slightly, maintaining an average of […]
Bolder Technologies (Golden, CO) reported that it received a notice from the Nasdaq National Market that it is not in compliance with Nasdaq continued listing standards. Among other things, those standards require that Bolder's common stock must trade above $1 for at least 10 consecutive trading days prior to May 22, 2001. If Bolder's common […]
Valence Technology (Henderson, NV) announced that it has received $6.0 million, with an additional $3.0 million expected before the end of March, 2001, as part of a multi-million dollar development grant from the Industrial Development Board (IDB) of Northern Ireland. The grant comes in recognition of the company's commitment to establishing and expanding its battery […]
National Semiconductor Corp. (Santa Clara, CA) announced that its third-quarter earnings beat Wall Street's expectations. However, the company considerably lowered its estimates for the fourth quarter. For the quarter ended February 25, 2001, National Semiconductor reported net income of $39.2 million, or $0.21 per share, on $475.6 million in sales. This compares with earnings of […]
PowerCache (San Diego, CA) announced the availability of the PC1000, a 1,200-farad ultracapacitor. The PC1000 supplies power to a system during peak...
HbT (Rancho Dominguez) and Visteon Corp. (Dearborn, MI) have formed an exclusive engineering, development and manufacturing alliance to commercialize HbT's hydrogen fuel processors for use in PEM fuel cell systems. The agreement calls for Visteon to provide engineering, design and support services to HbT for its fuel processors, including design and manufacturing for HbT's facility […]
Energy Conversion Devices Inc. (Troy, MI) announced that its unit Ovonic Battery Co. Inc. had filed suit against Matsushita Battery Industrial Co. Ltd. (MBI, Japan), Toyota Motor Corp. (Japan), Panasonic EV Energy Co. Ltd. (Japan) and other related entities for patent infringement. The suit charges that Matsushita's hybrid electric vehicle batteries, battery components and battery […]
C&D Technologies Inc. (Bluebell, PA) announced its fiscal 2001 fourth-quarter results, ended January 31, 2001. During this period, net income increased 80 percent to a record $16,706,000, or $0.61 per share, from $9,256,000, or $0.35 per share, in the fourth quarter of fiscal 2000. Sales for the latest quarter increased 24 percent to a record […]
Narada Battery (China) has debuted a new series of VRLA batteries, the Marathon Purpose Series. The company maintains that the new batteries feature excellent heat dissipation performance. The devices have a patented flexible connector and a patented sealing technology, as well as an ABS lid to contain heat-sealing technology and a lip-shaped safety valve introduced […]
AFS Trinity Power Corp. (Seattle, WA) reported the first of what it believes will be several announcements this year regarding sales and partnering relationships with fuel cell, microturbine and other companies with advanced distributed power generating technologies. The first of these announcements is a news release from Inverpower Controls Ltd. (Ontario), announcing that Inverpower and […]
Avista Corp. (Spokane, WA) announced that its fuel cell affiliate, Avista Labs, has formed a new company, H2fuel LLC, to develop and commercialize a new technology for manufacturing hydrogen for fuel cells. Avista Labs owns a 70 percent interest in H2fuel, with the remaining interest owned by Unitel Fuels Technologies LLC. Avista Labs reports that […]
Ballard Power Systems (Canada) reported its financial results for the fourth quarter and the year ending December 31, 2000. Revenues increased by 24 percent in 2000, to $41.1 million, from $33.2 million in 1999. Ballard attributes this increase to the rise in automotive orders and higher revenues from 250kW stationary power generators. Ballard's investment income […]