Linear Technology (Milpitas, CA) has developed the LTC1732, a linear battery charger for single-cell lithium-ion batteries. Featuring one percent charge-voltage accuracy, programmable charge current and charge termination, Linear Technology claims that the new constant-current constant-voltage chip is a complete charger. The LTC1732 is designed to automatically detect and report the presence of the wall adapter […]
Electric Fuel Corp. (Iselin, NJ) has announced that the US Federal Transit Administration has approved and agreed to fund 50 percent of the costs, up to a total program cost of $2.72 million, connected with Phase II of the company's Zinc-Air Electric Transit Bus Program. The cooperative agreement provides funding for Electric Fuel, the Regional […]
Rayovac (Madison, WI) announced the introduction of a one-hour NiMH battery charger for high-capacity NiMH batteries, and a new variety of NiMH batteries that, they claim, can be charged up to 1,000 times. "The proliferation of high-drain devices has created the need for more power," commented Dave Jones, Rayovac's chairman and CEO. "Our new one-hour […]
Evercel Inc. (Danbury, CT) received an order for 3,250 of its 1.5kWh nickel-zinc batteries, worth about $2.0 million from Oxygen SpA (Padua, Italy). The first 600 batteries are to be delivered in the first quarter of 2001 for use in Oxygen's Lepton-E electric scooters. Oxygen will sell and distribute the Lepton-E, using Evercel's batteries, in […]
AVX Corp. (Myrtle Beach, SC) has named John S. Gilbertson the company's new CEO effective July 25, 2001. He will be replacing Benedict P. Rosen, who will remain AVX's chairman. Gilbertson joined the company in January 1981, and has served in various management assignments since then. He was elected COO in 1994 and president in […]
Silicon Laboratories Inc. (Austin, TX), Analog Devices (Wilmington, MA) and 3Com Corp. (Santa Clara, CA) announced that they have settled the lawsuit originally filed by Silicon Laboratories on January 12, 2000, in the US District Court for the Western District of Texas (Austin Division). The settlement terms are confidential. The suit alleged misappropriation of trade […]
FuelCell Energy Inc. (Danbury, CT) received approval at a special shareholders meeting to increase the number of authorized shares of common stock from 20 million to 150 million. Reasons for the increase are to make additional shares available for future issuances for cash, as share dividends and stock splits, for acquisitions of property or stock […]
Ballard Power Systems (Vancouver, BC) announced the delivery of the Mark 900 Series fuel cell power modules, valued at $1.6 million, to Nissan Motor Co. (Japan). The new Ballard Mark 900 Series incorporates Ballard's latest-generation fuel cell stack, which utilizes low-cost materials and is designed for manufacturing in automotive volumes. "Nissan continues to test and […]
Beacon Power Corp. (Woburn, MA) issued an additional 1.2 million shares of common stock as a result of the exercise of the over-allotment option granted to the underwriters in the initial public offering. Proceeds from the exercise of the over-allotment option totaled $6,696,000, bringing total gross proceeds from the initial public offering from $44.6 million […]
Valence Technology Inc. (Henderson, NV) announced that the Federal Trade Commission has granted early termination of the waiting period that preceded the company's acquisition of all of Telcordia Technologies' (Morristown, NJ) Bellcore lithium-ion polymer battery technology for three million newly issued shares of Valence Technology. With the receipt of antitrust notice of early termination, Valence […]
Catalytica Inc. (Mountain View, CA) has announced the cash merger consideration in connection with Catalytica's acquisition by Synotex Co. Inc., a US subsidiary of DSM (Netherlands). Each stockholder of record at the close of business on December 15, 2000, will be receiving $10.14 in cash per share of Catalytia stock owned. In addition, those stockholders […]
AVX Corp. (Myrtle Beach, SC) announces the newly improved BestCap electrochemical supercapacitor. The AVX BestCap now offers a variety of voltage options...
Dynetek Industries (Canada) has announced that the new fuel cell-powered Xterra FCV, produced by Nissan (Japan), uses Dynetek's lightweight fuel-storage system. Nissan...
DCH Technology Inc. (Valencia, CA) announced that Daido Metal Ltd. (Nagoya, Japan) and DCH's wholly owned subsidiary, Enable Fuel Cells Corp. have finalized their joint venture agreement. The announcement was made to the Asian press in Nagoya, Japan. DCH Chairman David Haberman and Daido President Segio Hanji formally launched the NeWave Fuel Cell Corp. (Japan) […]
AER Energy Resources Inc. (Smyrna, GA) announced today that it has delivered 25 prototype primary zinc-air batteries with diffusion air managers, ordered by a leading Japanese consumer electronics company. This milestone is part of the joint evaluation agreement between the two companies, and fulfills the prototype battery order announced in July 2000. The two companies […]