Active Power Inc. (New York) announced that shares have been priced at $17 per share in an initial public offering on August 7. According to the lead underwriters, this was above the company's estimated price range.Active Power has sold eight million shares and raised $136.0 million. The company intends to use this money for working […]
American Power Conversion (West Kingston, RI) announced a new fully scaleable and redundant rack-mount power-protection solution, specifically designed to protect both data and rack-based equipment. The Symmetra RM, available in sizes ranging from 2kVA to 6kVA, will protect on average 5 to 20 servers from power anomalies and outages and can be fully managed and […]
The Advanced Conversion Products division of Transistor Devices Inc. (Cedar Knolls, NJ) has announced that the LCE Series of 1.5kVA modular inverters officially carries the CE mark and is compliant with the EMC directive (Class A) for both radiated and conducted emissions. The LCE Series is a 1.5kVA dc/ac sinewave inverter that is scaleable to […]
Ultralife Batteries Inc. (Newark, NY) announced that two standard sizes of its ultra-light, Ultralife Polymer brand rechargeable cells are now available for sale to qualified OEMs and distributors worldwide. Cell model UBC443483 is 4.4mm (less than 3/16") thick, weighs 21.5g and has a rated capacity of 725mAh. Model UBC543483, at 5.4mm (less than 1/4") thick […]
PECO II Inc. (Galion, OH), a power products supplier to the communications industry, is offering 5,000,000 of its common shares. The offering represents the company's initial public offering, because no public market currently exists for PECO II Inc. The common shares have been approved for quotation on the Nasdaq National Market and the initial public […]
EOS Corp. (Camarillo, CA) has named Matthew Patera vice president of materials. Patera will oversee the daily operations of EOS' local and off-shore manufacturing facilities, managing materials procurement, manufacturing, and shipping of EOS' ultra-miniature ac/dc power supplies. Patera previously served as general manager at Electroservice Laboratories (Ventura, CA).
Manhattan Scientifics Inc. (MHTX, Los Alamos, NM) announced that it has successfully tested and delivered a fuel cell power supply to the US Army last week. The system was delivered on schedule with four times the power performance and half the weight required in the army specification. The effort was in fulfillment of a contract […]
Energy Conversion Devices Inc. (ECD, Troy, MI) has named William M. Wicker, currently senior vice president of Texaco (White Plains, NY), and James R. Metzger, currently vice president and chief technology officer of Texaco, to ECD's board of directors.Texaco is a strategic partner with ECD in the global energy market.
AER Energy Resources Inc. (Atlanta) has announced operating results for the second quarter ending on June 30, 2000. The company's second quarter net loss for 2000 was $1.26 million, or $0.05 per share, versus a net loss of $0.91 million, or $0.04 per share, for the same period in 1999. Revenues of $0.11 million and […]
The 16th Annual Battery Conference on Applications and Advances (Long Beach, CA) has announced it will feature two parallel tracks of sixteen technical sessions providing an opportunity for an in-depth examination of issues associated with the analysis, design and selection of batteries and power conditioners. Performance and cost goals of various applications will be discussed. […]
AEG SVS Power Supply Systems GmbH (Furth, Germany) presented their new UPS at the Hanover Trade Fair 2000. According to AEG SVS, this new UPS is the first to make exclusive use of UltraCaps from EPCOS AG as the storage medium instead of lead-acid accumulators. The new UPS uses a total of 115 UltraCaps with […]
NEC Mobile Energy Corp. (Tokyo, Japan) has begun selling a manganese laminate, lithium-ion, rechargeable, secondary battery. The company aims to meet market needs for the compact design of mobile terminal products such as cellular phones and PDAs. The batteries use a laminate film for battery packaging instead of conventional aluminum and iron packaging, making the […]
Invensys Power Systems' Secure Power (Raleigh, NC) has announced the latest UPS in its Series 9 product family, the Powerware 9330. The Powerware is designed specifically to meet the high-availability needs of critical 24" x 7" applications and, according to Invensys Power, can enhance reliability and deliver one of the highest efficiency ratings compared to […]
SatCon Technology Corp. (Cambridge, MA) has announced that Dr. Gerald Wilson has agreed to serve on SatCon's board of directors.Dr. Wilson is the chairman of the science advisory boards of General Motors (Detroit) and Pratt and Whitney (East Hartford, CT) and a member of the science advisory board for Cummins Engine (Columbus, IN).
Motorola Inc. (Schaumberg, IL) reported record sales of $9.3 billion in the second quarter of 2000. For ongoing operations, this is an increase of 22 percent from $7.6 billion a year earlier. Excluding special items, earnings from ongoing operations were a record $515.0 million, or $0.23 per share, up 91 percent from $269.0 million, or […]