Electric Fuel Corp. (Iselin, NJ) announced that the company does not presently intend to sell shares. The company's recent filing with the Securities and Exchange Commission to sell three million shares of its common stock was intended only to register the shares in order to make them available for sale at a future date to […]
Aluminum-Power Inc. (Toronto, Canada), a Canadian-based high-technology company that has developed technology in the design, chemistry and manufacture of aluminum and oxygen fuel cells, has developed a metal-air fuel cell, which delivers significantly more energy in an environmentally sound battery.Aluminum-Power Inc., a member of the Eontech Group Inc., developed the cell over the past five […]
BlueStar Battery Systems International Corp. (Raleigh, NC) announced that it has successfully completed two transactions that advance the strategic repositioning of the company. The first transaction is the sale of BlueStar Battery Systems Corp. (Vancouver, Canada) and BlueStar Advanced Technology Corp. (Vancouver, Canada), the company's specialty manufacturing and research and development subsidiaries. The second transaction […]
Exide Corp. (Reading, PA) announced that it has sold its remanufactured starter and alternator business to a private investment group formed by Laurian Capital Corp. (Chicago, IL) and Sure Start Management (Cooper, TX), for total consideration of $8.0 million, of which $3.0 million was cash at closing. Proceeds from the sale will be used to […]
Energy Ventures Inc. (EVI, Toronto) has completed the initial phase of its research, development and demonstration program on its Direct Methanol Fuel Cell (DMFC) technology. The work was undertaken to verify the company's technique for resolving the methanol "crossover" problem that occurs in other DMFC technologies. The results of the initial work have also identified […]
Bolder Technologies Corp.(Golden, CO) has announced that two new distributors, Integrated Supply Network Inc. (Lakeland, FL) and Land 'N' Sea will begin selling its SecureStart Portable Jump Starter products, according to Roger Warren, chairman, president and CEO.Bolder Technologies claims that their SecureStart portable jump starter uses new battery technology to start a dead battery in […]
The California Fuel Cell Partnership today announced that fuel cell manufacturer International Fuel Cells (IFC, South Windsor, CT) has joined its public-private venture to help demonstrate and commercialize fuel cell electric vehicles in California over the next four years.The partnership-which formally began in 1999-includes auto manufacturers DaimlerChrysler, Ford, Honda, Hyundai, Nissan and Volkswagen; energy providers […]
Ballard Power Systems (Vancouver, Canada) announced that EBARA Corp. (Japan) has increased its ownership position in Ballard Generation Systems (BGS) to 11.4 percent, or 10 percent on a fully diluted basis, from six percent for a total subscription price of $19.1 million.BGS was formed to commercialize proton exchange membrane (PEM) fuel cell power generators that […]
Reliant Energy (Houston, TX) signed a licensing agreement on June 28, with the Texas A&M University System granting the company exclusive rights to develop and market important improvements in proton exchange membrane (PEM) fuel cell technology.The new technology was developed by the Texas Engineering Experiment Station (TEES), a state research agency and an A&M System […]
Evercel Inc. (Danbury, CT) announced that after months of evaluations and successful road testing on actual scooters, ATALA (Italy), a bike, scooter and fitness equipment primary manufacturer, has selected Evercel's nickel-zinc battery as the best overall solution for electric scooter power. Last week, ATALA placed their first order for Evercel nickel-zinc batteries to power their […]
Ultralife Batteries Inc. (Newark, NY) announced that it has secured a $20.0 million, three-year credit facility with Congress Financial Corporation, a unit of First Union Business Credit. The asset-based loan is comprised of both a term loan component (up to a maximum of $12.0 million) and a revolving line of credit supported by receivables and […]
Electric Fuel Corp. (Iselin, NJ) announced that it has begun the first automated production of cells for its ZincAir line of disposable batteries at the company's Bet Shemesh, Israel facility.The new custom-built automated production line will increase production capacity to approximately 500,000 batteries per month by the end of 2000. The company has been producing […]
Delphi Automotive Systems (Troy, MI) participated as a sponsor in the FutureTruck 2000 program. To achieve a cleaner and efficient transportation, Delphi and FutureTruck are exploring technologies such as fuel cells, advanced diesel management systems, hybrid-electric propulsion systems and advanced materials.
Manhattan Scientifics Inc. (New York City, NY) has completed initial development and initial testing of the HYDROCYCLE, a fuel cell powered bicycle, which utilizes Manhattan Scientifics' mid-range power technology developed by the company's NovArs unit in Passau, Germany.The power supply unit is based on a polymer electrolyte fuel cell that uses hydrogen and air to […]
Lithium Technology Corp. (LTC, Plymouth Meeting, PA) has announced that its shareholders approved the increase in the number of authorized shares of the company's common stock to 125,000,000.The consent solicitation seeking the increase was mailed to shareholders on May 2, 2000 and closed on June 15, 2000. At closing, approximately 78 percent of outstanding shares […]