Over a month after the end of the Mondial de l'Automobile, better known as the Paris Auto Show, reports are trickling out...
Ford Motor Co. (Dearborn, MI) has produced the prototype electric Ka small car, called the e-Ka, powered by a new generation of...
Sanyo Electric Co. (Moriguchi City, Japan) announced that they have signed a memorandum of understanding with the Toshiba Corp. (Tokyo, Japan) and with Toshiba Battery Co. for the transfer of the Toshiba Group's nickel metal-hydride businesses to Sanyo. The Toshiba group will gain proceeds of nearly 10 billion yen (over $90 million dollars) from the […]
Battery Technologies Inc. (BTI, Ontario, Canada) has announced that it has entered into a letter of intent to acquire 100 percent of the business operations, assets and trademarks of Accucell Deutschland (Weiblingen, Germany). Accucell Deutschland is a personally owned business focused on the marketing, distribution, charger and applications development of RAM batteries for Europe. Accucell […]
Beacon Power Corp. (Woburn, MA) has completed an initial public offering of 8 million shares of common stock at $6 per share. All shares were offered by Beacon Power Corporation. The offering raised $44.6 million in gross proceeds to the company, which will be used for general corporate purposes, including research and product development, sales […]
Ault Inc. (Minneapolis, MN) is offering a free, full-line product catalog that highlights its power supply products and services. Ault products in the new catalog include linear power supplies available in regulated and unregulated models with single or multiple outlets for applications up to 19W, new low-profile universal input switches for applications up to 90W, […]
SatCon Technology Corp. (Cambridge, MA) has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of shares of its common stock. The offering is being lead-managed by CIBC World Markets Corp., and the co-managers will be Banc Of America Securities LLC and FAC/Equities, a division of First Albany Corporation.
Electric Fuel Corporation (Iselin, NJ) announced that it will produce a line of fully charged, ready-to-use, disposable cellular phone batteries that Wal-Mart...
Valence Technology Inc. (Henderson, NV) reported financial results for the second quarter of fiscal year 2001 ended September 30, 2000. For the second quarter of 2001, the company reported a net loss of $9.3 million, or $0.25 per share, on 37.8 million weighted average shares outstanding, compared with a net loss of $9.5 million, or […]
From its exhibit booth at Comdex 2000, Electric Fuel Corp. (EFC, Iselin, NJ) is introducing the Instant Power Charger. The new product...
Yuasa Inc. (Reading, PA) has undergone a series of serious changes lately. Exide Technologies (Princeton, NJ) recently sold off its 13.5-percent interest in Yuasa for $29.9 million. Exide expects to report a pre-tax gain of approximately $13.0 million on the sale of the investment in its third fiscal quarter, the proceeds of which will be […]
SK Global Co. (Seoul, Korea) is advancing into the lithium battery business. Demand for rechargeable lithium batteries is on the rise, as they are widely used in semiconductor, LCD and battery products. SK Global formed a strategic alliance with Anycell Inc. (Kwangju, Korea), a lithium battery maker, and released the SK Lithium Battery, with intended […]
DaimlerChrysler Corp. (Auburn Hills, MI) is now disclosing the details of the Jeep Commander 2, which merges a new design with an advanced fuel cell powertrain in a sport-utility vehicle. DaimlerChrysler claims that the vehicle is virtually pollution-free while achieving double the fuel efficiency of a conventional SUV. While Commander 2 duplicates the shape and […]
PolyStor Corp. (Livermore, CA) has launched a new 8mm prismatic lithium-ion battery, the PSC340848-1350. The new battery achieves a 1350mAh capacity in...
The plan of reorganization filed by BlueStar Battery Systems International Corp. (Raleigh, NC) and Bluestar Systems Canada Corp. on September 5, 2000, and overwhelmingly approved by creditors on October 26, 2000, was approved by Justice James Farley of the Ontario Superior Court of Justice on October 31, 2000. "Now that the legal uncertainties are behind […]