General Motors Corp. (Detroit, MI) and Exxon Mobil Corp. (Fairfax, VA), working from an 1998 agreement to conduct research on hardware and fuel options for next-generation vehicles, announced that they have developed a highly efficient gasoline fuel processor for fuel cell vehicles that will be ready for demonstration within 18 months. The processor, which uses […]
Kenwood TMI Corp. (Tokyo, Japan) has begun selling multi-channel regulated power supplies for simultaneously evaluating the electric characteristics of six units of large-capacity secondary batteries. The new power supplies are called PXR100-6L and PXR200-6L. The PXR100-6L and PXR200-6L have high outputs of 100W and 200W, respectively. Kenwood claims this enables them to be used to […]
American Flywheel Systems Inc. (AFS, Seattle, WA) announced that it has acquired 58 percent of Trinity Flywheel Power (TFP, Livermore, CA) for an undisclosed price and has introduced new capital and management into the company. In addition, Trinity is now taking orders for up to 225kVA super-fast recharge UPS and ride-through systems, with deliveries commencing […]
Plug Power Inc. (Latham, NY) completed an amendment to its distribution agreement with GE Fuel Cell Systems (Schenectady, NY) that defines product specifications and delivery schedules for precommercial and commercial model introductions. The new agreement allows GE to extend the existing 10-year agreement by an additional five years. "We are pleased to have an agreement […]
Electric Fuel Corp. (Iselin, NJ) unveiled a new stage in its marketing strategy by announcing the new Instant Power brand for its entire line of disposable cellphone batteries and chargers, and an initial $3.0 million marketing campaign to launch the brand. The Instant Power product line includes high-capacity 3300mAh batteries for popular Nokia, Ericsson and […]
IMPCO Technologies Inc. (Irvine, CA) has announced that Hyundai Motor Co. (Korea) has selected IMPCO as its Tier 1 supplier to develop hydrogen storage and fuel-delivery systems for Hyundai's prototype Santa Fe fuel cell-powered sport utility vehicles.The Hyundai fuel cell vehicle will utilize IMPCO's advanced hydrogen storage technology and IMPCO's vehicle system integration expertise. The […]
Active Power Inc. (Austin, TX) has announced a worldwide distribution agreement with Caterpillar Inc. (Peoria, IL) to market the Cat UPS, which represents Caterpillar's initial entry into the burgeoning power quality market. Caterpillar announced the battery-free system as the latest addition to its Electric Power product line-up. The two companies signed an agreement in 1999 […]
H Power Corp. (Clifton, NJ), a developer and distributor of proton-exchange membrane (PEM) fuel cell systems, has announced the initial public offering of the company's 7,000,000 shares of common stock. The company plans to offer these shares on the Nasdaq symbol HPOW at a price of $11 to $13.H Power Corp.'s PEM fuel cells are […]
Active Power Inc. (New York) announced that shares have been priced at $17 per share in an initial public offering on August 7. According to the lead underwriters, this was above the company's estimated price range.Active Power has sold eight million shares and raised $136.0 million. The company intends to use this money for working […]
Ultralife Batteries Inc. (Newark, NY) announced that two standard sizes of its ultra-light, Ultralife Polymer brand rechargeable cells are now available for sale to qualified OEMs and distributors worldwide. Cell model UBC443483 is 4.4mm (less than 3/16") thick, weighs 21.5g and has a rated capacity of 725mAh. Model UBC543483, at 5.4mm (less than 1/4") thick […]
Ballard Power Systems (Canada) has announced that it has received orders for a total of $1.5 million from two automotive companies, including Honda Motor Co. Ltd. (Japan), for Ballard's Mark 900 Series fuel cell power modules and support services. The Ballard Mark 900 Series incorporates Ballard's next generation fuel cell stack, which utilizes low-cost materials […]
California officials announced that they are considering decreasing the number of zero-emission, battery-powered vehicles the state will mandate on its roads in coming years. The California Air Resources Board (Sacramento, CA) met to consider a proposal to decrease to two percent the number of ZEV-mandated cars sold in California by 2003, down from a 10-percent […]
PECO II Inc. (Galion, OH), a power products supplier to the communications industry, is offering 5,000,000 of its common shares. The offering represents the company's initial public offering, because no public market currently exists for PECO II Inc. The common shares have been approved for quotation on the Nasdaq National Market and the initial public […]
Manhattan Scientifics Inc. (MHTX, Los Alamos, NM) announced that it has successfully tested and delivered a fuel cell power supply to the US Army last week. The system was delivered on schedule with four times the power performance and half the weight required in the army specification. The effort was in fulfillment of a contract […]
Bolder Technologies Corp. (Golden, CO) has reported net revenues for the six months ended June 30, 2000 at $939,858, versus $170,007 in the comparable period of 1999. The net loss for the period was $11.0 million, or $0.75 per share, compared with a loss of $8.3 million, or $0.83 per share, in the six months […]