Revenues for the first quarter of 2000 were $2.9 million for Plug Power Inc. (Latham, NY). This figure compares to first-quarter 1999 results of $1.7 million. Net loss for the first quarter of 2000 was $17.2 million, or $0.40 loss per diluted share, as compared to $6.5 million, or $0.32 diluted loss per share, for […]
Shareholders of ThermicEdge Corp. (Calgary, Alberta) approved the acquisition of all of the outstanding securities of Fuel Cell Technologies Ltd. (Kingston, Ontario) on May 5, 2000. The new company will go by the name Fuel Cell Technologies Corp. (FCTC). FCTC will continue to develop and market its existing line of aluminum-oxygen fuel cells for underwater […]
UniDyn Corp. (Phoenix, AZ) has signed a memorandum of understanding to merge with Clean Energy Technologies Inc. (CET). The merge with CET will give UniDyn entry into the fuel cell energy business through a worldwide exclusive license to use fuel cell technology being developed at the Jet Propulsion Laboratories of the California Institute of Technology. […]
Evercel Inc. (Danbury, CT) has announced a public offering of 1,250,000 shares of its common stock on May 9, 2000, at $12.50 per share for gross proceeds of $15,625,000.
Inverpower Controls Ltd. (Toronto, ON) has recently made a number of announcements on repositioning the company to take advantage of its achievements in several power electronics and control products. Inverpower has made recent achievements in conversion systems for alternative energy applications, such as fuel cells, photovoltaic cells and advanced battery-storage systems, and frequency conversion systems […]
Active Power Inc. (Austin, TX) has announced that Mark A. Ascolese, a well-known UPS industry veteran, has joined the company as senior vice president of new business development. Ascolese will focus on advanced technologies, be responsible for establishing further strategic partnerships and developing additional new OEM sales channels. Since 1985, Ascolese has held executive-level positions […]
FuelCell Energy Inc. (Danbury, CT) and King County, WA, jointly announced the signing of an agreement to install a Direct FuelCell (DFC) power plant using municipal waste-water digester gas as the fuel. FuelCell Energy was selected for the project through a competitive process last July to install and operate a 1MW DFC power plant at […]
Texaco Inc. (Detroit, MI) and Energy Conversion Devices Inc. (ECD, Troy, MI) have executed a share purchase agreement for Texaco to purchase a 20-percent equity stake in ECD for $67.3 million. The companies have agreed to establish joint ventures for the continued development and commercialization of advanced energy technologies, initially in the fields of ECD's […]
A team of engineers with ON Semiconductor (Phoenix, AZ) and Motorola Laboratories (Tempe, AZ) have fabricated a GaAs VFET power MOSFET using only five mask levels and an implanted gate process. Performance of the device includes a specific on-resistance of 0.25 milliohm-centimeters-squared and a blocking voltage of 8.5V. The delay time for this device is […]
Bolder Technologies Corp. (Golden, CO) has announced their net revenues of $254,797 for the first quarter, ending March 31, 2000. This figure showed an increase from 1999's results of $81,444. According to Bolder, much of the increase is attributed to the marketing of the SecureStart Portable Jump Starter and the commercialization of Thin-Metal Film technology. […]
International Fuel Cells (IFC, South Windsor, CT), a subsidiary of United Technologies Corp., delivered its 200th PC25 fuel cell system on April 26, 2000, in a ceremony at the company's headquarters. The 200th fuel cell system was formally turned over to Toshiba Corp. (Tokyo), which will use the unit in Japan. Toshiba has also assisted […]
PowerSmart Inc.'s (Shelton, CT) PS334 battery-management IC brings a high level of accuracy to capacity monitoring as well as charge control and safety. The PS334 provides a high level of integration and features six programmable outputs that eliminate the need for additional components normally required for charge control or safety. OEMs can now achieve the […]
Power Technology Inc. (Las Vegas, NV) announced that it has contracted BC Research Inc. (Vancouver, BC) to provide independent testing and verification of Power Technology's unique and patented battery technologies. Together with Power Technology's technical staff, BC Research will develop state-of-the-art processes in the areas of prototype design, construction and testing for high-performance, rechargeable, minimized […]
Electric Fuel Corp. (Iselin, NJ) announced that CarToys will be selling the electric fuel line of primary cellular phone batteries through its stores in Washington, Oregon and Colorado. Mitchell Horwitz, Electric Fuel's vice-president for North American marketing and sales, said, "This is our first sales agreement in the US with a leading retail chain, which […]
Ballard Power Systems (Vancouver, BC) issued its financial results for the first quarter ended March 31, 2000. All amounts reported are in Canadian dollars. Revenues for the first three months of 2000 were $4.0 million compared to $6.5 million in the same period in 1999. Ballard's cash position was $835.6 million at the end of […]