Exide Corp. has completed its acquisition of GNB Technologies, the global battery business of Pacific Dunlop Limited, for $368 million. Exide will now conduct business under the name Exide Technologies and will seek shareholder approval at its 2001 annual meeting for the name change. The acquisition is designed to allow Exide to reenter the North […]
Power-One Inc. (Camarillo, CA) announced that net sales for the fiscal year ended December 31, 2000, increased $273.8 million, or 115 percent, to a record $511.0 million, compared with $237.2 million in 1999. Results for 2000 include eight months of Powec AS, which was acquired on May 16, 2000. Net income for the 2000 fiscal […]
Two group companies of Matsushita Electric Industrial Co. Ltd. (Tokyo, Japan) announced plans to boost their capital spending on electronic components in a bid to lift the firm's global market share. Wholly-owned subsidiary Matsushita Electronic Components Co. Ltd. said it plans to spend 215.0 billion yen (US$1.85 billion) in the three years to the 2003-2004 […]
STMicroelectronics (Switzerland) posted strong results for 2000, but slashed its 2001 growth forecasts for the world chip market and predicted a nine-percent fall in first-quarter sales. Fourth-quarter operating profit rose 159 percent to $563.0 million, led by telecom and consumer electronics sales, and the company added that per-share earnings would fall 10 percent quarter-on-quarter in […]
As part of its long-range plan to transform the company for future business growth, ON Semiconductor (Phoenix, AZ) accelerated its efforts to cut selling, general and administrative expenses. The company directed its efforts towards streamlining internal processes and enhancing operational efficiencies with the overall goal of reducing these expenses by approximately 20 percent in 2001. […]
BP Solarex (Baltimore, MD) announced today that it will now be known as BP Solar (Linthicum, MD). This move comes in conjunction with BP Amoco's decision to form a single, global brand, under the new corporate brand name – BP. BP stated it will combine the former British Petroleum, Amoco, ARCO, and Burmah Castrol to […]
Artesyn Technologies Inc. (Boca Raton, CA) reported record sales of $164.3 million and $323.9 million, for the three and six months ended June 30, 2000 respectively. Cash earnings, which exclude the after-tax effect of goodwill amortization, also increased to record levels of $12.4 million, or $0.32 per diluted share for the three months ended June […]
Artesyn Technologies Inc. (Boca Raton, FL) announced that it entered into a Product Development and Technology Transfer Agreement with e-Power Co. Ltd (Zhejiang, China). Artesyn's manufactured products, designed by e-Power, are scheduled for market introduction in first quarter 2001. Under the agreement, products in the 65W to 130W range are being developed to address the […]
Artesyn Technologies (Boca Raton, FL) has launched a new family, the AFE1200 Series of 1,200W front-end ac/dc power supplies featuring a set...
SatCon Technology Corp. (Cambridge, MA) announced financial results for its fiscal 2001 first quarter ended December 31, 2000. Revenue for the first quarter rose 108 percent to $9.5 million, compared with $4.6 million in the same period last year. Net loss for the quarter ended December 31, 2000, excluding an unrealized loss on $2.9 million […]
American Power Conversion (APC, West Kingston, RI) has announced an expansion to its dc power systems offering with a 12Vdc battery backup unit for fiber to the home, wireless local loop and voice-over-digital subscriber line telephony equipment. APC's PowerShield offers a local powering solution to the integrated access device units for residential and small business […]
The HIT Series by Meter Treater Inc. (Lake Park, FL) allows the establishment of surge-protected single-point ingress to the home for power, telephone, security and cable services. Available from your local power utility, this product series (the NEMA 3R, AC Protection Module, Telephony Protection Module and Coaxial Protection Module) is configurable to the exact application […]
Minuteman (Carrollton, TX) has introduced its Enterprise Series line of UPSs, designed to offer flexible power protection for a variety of applications, including workstations, network bridges, hubs, routers, telephone systems and large servers. Each model offers full protection from ac power sags, surges, spikes and blackouts. All models feature line-interactive voltage regulation, extended back-up time […]
AstroPower Inc. (Newark, DE) recently announced its second quarter financial results. For the quarter ended June 30, 2000, total revenues were a record $11,911,000, an increase of 49.1 percent from the 1999 second quarter. Product revenues for the three months ended June 30, 2000 were a record $11,038,000, an increase of 52.2 percent from the […]
NBG Technologies Inc. (NBG, Hauppauge, NY) has signed a contract with the Long Island Power Authority (LIPA) to install, demonstrate and evaluate a PEM residential cogeneration fuel cell system developed by H Power Corp. (Clifton, NJ). The fuel cell system, which is powered by hydrogen derived from natural gas, will be installed on a site […]