Power Technology Inc. (Las Vegas, NV) announced that it has been awarded Patent Number 6,060,198 for a new electrochemical battery structure, an important milestone toward the company's goal of developing a superior battery that has higher power, lower weight, lower production costs and is environmentally friendly. Preliminary results of Power Technology's new, patented battery structure […]
Electric Fuel Corp. (Iselin, NJ) announced that Koor Industries Ltd. (Tel Aviv, Israel) has agreed to complete a previously contracted equity investment of $10.0 million in Electric Fuel, at a price of $10 per share. The company said that the proceeds will be used for marketing and for the expansion of its production capacity. Electric […]
Ultralife Batteries Inc. (Newark, NY) announced its results for the third quarter of fiscal 2000. Consolidated revenues reached $6.2 million for the three months ended March 31, 2000, an increase of $0.6 million, or 11 percent, over the comparable quarter last year. The net loss for the quarter was $1.2 million, or $0.11 cents per […]
BMW (Munich, Germany), Renault Group and Delphi Automotive Systems (Troy, MI) signed a memorandum of understanding that will enable further cooperation on a co-development agreement among the companies to produce vehicles that use a solid-oxide fuel cell as auxiliary electric power for cars and trucks. The memorandum was signed May 2, 2000, at Delphi's Paris […]
Evercel Inc. (Danbury, CT) reported that the first-quarter 2000 results reflected continued investment in development, marketing and administration activities as the company approaches commercialization. It also announced the completion of a follow-on public offering of 1,250,000 shares of its common stock, which raised $14.1 million of net proceeds. "In the year since we became an […]
Ford Motor Co. (San Diego, CA) announced that it is moving its THINK Group (a unit developing a full line of EVs) to Southern California to be closer to its customers and technology partners. Along with developing its line of battery-electric EVs, the new San Diego headquarters will include engineering and research on fuel cell […]
Electrosource Inc. (San Marcos, TX) has introduced their newest member of the Horizon family, a new e-power battery that incorporates a microchip to continuously monitor the battery and alert the user to the battery condition. The Horizon C2M technology is based on a process for extruding high-purity lead over glass-fiber filaments. The glass fiber in […]
MagneTek (Nashville, TN) fuel cell power conditioners have begun providing electricity for the new Conde Nast building in New York City. The 48-story office tower is expected to be the first newly constructed building to earn an Energy Star label from the US Environmental Protection Agency. The fuel cells were supplied by International Fuel Cells […]
The US Fuel Cell Council (USFCC, Washington, DC) has added eight new member companies to its roster. The council serves as the trade association for the fuel cell industry and membership includes virtually all the major developers of fuel cell technology, key industry suppliers and potential customers. The following members were approved at the USFCC […]
GP Batteries International Ltd. (Hong Kong) announced that its 79.2-percent-owned manufacturing arm, Gold Peak Industries Ltd. (Taiwan) will place nine million new shares of NT$10 each at NT$24 each for cash to Meiloon Industrial Company Ltd. (Taiwan), an electronic manufacturing company. The total proceeds from the placement of NT$216.0 million (about US$7.1 million) are intended […]
SatCon Technology Corp. (Cambridge, MA) has reported a 106-percent increase in revenues for the second quarter for the period ending March 31, 2000. Revenues for the second quarter increased by $3.8 million to $7.5 million versus $3.7 million in the second quarter of 1999. Revenues for the first six months of 2000 increased by $4.7 […]
Maxwell Technologies Inc. (San Diego, CA) and Onemocall (Korea) have signed an agreement to integrate Onemocall's microgenerators and power-management circuits with Maxwell's PowerCache ultracapacitors. The companies hope to develop energy generation and storage systems to power cellular telephones, flashlights, toys, personal digital assistants and other hand-held devices that currently use rechargeable batteries. Maxwell will take […]
Valence Technology Inc. (Henderson, NV) has received a follow-on order for its Model 25A batteries from Moltech Power Systems (Tucson, AZ), nearly doubling its previous order. The order is a result of an additional order from Moltech's OEM customer who placed the initial order for this battery in October. In response to demand, Valance plans […]
Exide Technologies (Reading, PA) has entered into an agreement to acquire the global battery business of Pacific Dunlop Ltd. (Austrailia), including its US subsidiary GNB Technologies (Atlanta, GA), for approximately $368.0 million. The payment included $333.0 million in cash and four-million Exide common shares. "While this transaction is still subject to careful examination," said Robert […]
Manhattan Scientifics Inc. (Los Alamos, NM) has received a contract from the US Army to design and build a fuel cell power source to be used in an Army test program on battery replacement in portable communications equipment. The fuel cell will be based on Manhattan's proprietary mid- range power technology (2kW to 3kW) developed […]