Evercel Inc. (Danbury, CT) recently announced that it has raised $6.6 million in capital through the private placement of equity securities and a commitment from these investors for an additional $3.3 million, at the option of the company.According to Evercel, investors in the private placement will receive 264,000 of Series A Convertible Preferred Shares at […]
Exide Corp. (Reading, PA) recently announced it has been awarded a contract to supply more than 150,000 military batteries per year for wheeled and tracked vehicles, serving 218 military bases throughout the US. According to Exide, the contract, awarded by the US Defense Logistics Agency's Defense Supply Center, is for an initial two years, with […]
Bolder Technologies Corp. (Golden, CO) recently announced that First Security Van Kasper, the underwriters for its recent public offering of common stock, has exercised its over-allotment option in full, resulting in the sale of an additional 330,000 shares and the receipt of net proceeds for Bolder of approximately $2.8 million. According to Bolder, with the […]
Valence Technology Inc. (Henderson, NV) recently announced the promotion of Dr. George W. Adamson to vice president of research and development. According to Valence, Dr. Adamson succeeds Dr. Joseph Lundquist who is retiring. Dr. Adamson holds a Ph.D. in physical chemistry from MIT and was formerly vice president of process engineering and development for Valence."While […]
Evercel Inc. (Danbury, CT) recently announced that fourth quarter 1999 results included the newly formed company's first sales to customers by its joint venture partner, Xiamen Three Circles-ERC Battery Corp. Ltd. (China).For the three months ended October 31, 1999, Evercel reported revenues of $196,000 and a net loss of $1,879,000, or $0.66 per basic and […]
Ultra-Force Battery Co. (UFBC), a subsidiary of BAT International (San Diego), recently completed a new battery manufacturing plant in Hyderabad, India. The new plant has 2 million amp hours of production capacity to manufacture fiber nickel electrode batteries.The company also announced that UFBC has formed Ultra-Force Battery Ltd. (UFBL), which is a joint venture with […]
SatCon Technology Corp. (Cambridge, MA) recently announced that it has retained Thomson Financial Investor Relations as its investor relations counsel."We are excited to announce our engagement of Thomson Financial Investor Relations as we seek to embark on a more pro-active dialogue with the investment community," said David Eisenhaure, president, chairman and CEO of SatCon. "We […]
Ultralife Batteries Inc. (Newark, NY) recently announced the dismissal of a civil action that had claimed Ultralife interfered with plaintiff's opportunity to purchase Dowty Battery Division of TI Group PLC, now Ultralife Batteries' UK subsidiary. According to the company, a jury trial was conducted after which the jury returned a verdict in favor of Ultralife […]
Semtech Corp. (Newbury Park, CA) recently announced the availability of the SC1408, the latest addition to the company's line of power-management solutions for portable applications. The SC1408 has an input range of 1.8V to 16.5V, and is designed to be used with a wide range of battery chemistries and voltages. The device can be used […]
Evercel Inc. (Danbury, CT) recently announced a sale of 6,000 of its Model 40/12V nickel-zinc batteries by its joint venture in China, the Xiamen Three Circles-ERC Battery Co. Ltd. (XMERC, China). The sale is to the Taiwan EVT Technology Co. Ltd. (Taiwan).According to Evercel, beginning in the second quarter of 2000, the batteries will be […]
Invensys (London) announced its first set of interim results since being formed in February 1999. The company reported sales of 3.4 billion pounds, up 6.6 percent. Operating profits were up 6.4 percent to 516 million pounds and order intake was up eight percent to 3.6 billion pounds."Our first half year progressed well as we grew […]
DaimlerChrysler (Auburn Hills, MI) recently announced that the first 10 Electric Powered Interurban Commuter (EPIC) minivans have joined the fleet of Xpress Shuttle at Los Angeles World Airport. According to DaimlerChrysler, the five-passenger minivans which are being added to the shuttle company's fleet are each expected to log up to 100,000 miles of service per […]
Evercel Inc. (Danbury, CT) recently announced it has received notice from JBI Corp. (Genoa, OH), a leading independent battery testing laboratory, that JBI has successfully duplicated Evercel's previously announced results of exceeding 500 charge/discharge cycles in Evercel's 12V, 30Ah battery.According to the company, JBI cycled an Evercel nickel-zinc 12V, 30Ah battery in air at 25 […]
The United States Advanced Battery Consortium (USABC) announced it has entered into a program with Electrofuel Inc. (Toronto) to determine the feasibility of using Electrofuel's lithium-ion SuperPolymer battery technology in electric vehicles. According to the USABC, preliminary reviews indicate that the Electrofuel lithium ion SuperPolymer battery technology has the potential to meet most of the […]
Exide Corp. (Reading, PA) recently responded to news reports of a federal investigation in Illinois regarding Sears Roebuck & Co. and Exide. According to Exide, a subpoena issued to Sears requested documents related to the wheel balancing business operated by Sears and the sale of DieHard batteries which are manufactured by Exide and sold by […]