Power-One Inc. (Camarillo, CA) announced that total revenues for the second quarter ending July 2, 2000, increased 120 percent to $113.8 million, compared to $51.7 million for the same quarter in 1999. Results for 2000 also include Powec AS (Norway) for May and June.Cash earnings per share, or earnings before amortization of intangibles expense and […]
With the explosion of portable communications and computer equipments, external power supplies have found a strong hold on the power conversion industry. The external power supply market is driven primarily by cellular sales, especially in Europe. Consumers today are demanding the convenience of wireless communications provided by cellular phones. This trend and others are discussed […]
FuelCell Energy Inc. (Danbury, CT) announced it has broken ground on its new manufacturing facility in Torrington to meet demand for its Direct FuelCell (DFC) power plants. The 65,000-square foot facility will allow for the expansion of manufacturing capacity of power plants to 50MW annually in 2001, ramping up to an anticipated annual production capacity […]
Ingram Micro France (France) has been named an authorized distributor of new IBM UPS Systems from Tripp Lite (Chicago, IL). Ingram Micro France has added eight new UPS systems to its power protection inventory under the product line names IBM Office Professional, IBM Office Professional AVR and IBM Network Professional UPS Systems.IBM UPS Systems, manufactured […]
Lucent Technologies (Murray Hill, NJ) announced that pro forma earnings per share from continuing operations rose 30 percent to $0.30 a share, or $1.007 billion, for its third fiscal quarter ending June 30, 2000. This compares with $0.23 a share, or $732 million, in the year-ago quarter. Pro forma revenues from continuing operations increased 20 […]
Electric Auto Corp. (EAC, Fort Lauderdale, FL) has announced that Professor T. Nejat Veziroglu, director of the Clean Energy Research Institute of the University of Miami (Miami, FL) and editor-in-chief of the monthly scientific journal, International Journal of Hydrogen Energy, has joined EAC as vice president of hydrogen and fuel cell development. According to EAC, […]
Electric Fuel Corp. (Iselin, NJ) announced that Comp USA (Dallas, TX) will distribute Electric Fuel's line of ZincAir primary cellular-phone batteries in retail outlets nationwide starting in mid-August.Electric Fuel's disposable batteries are based on the company's advanced zinc-air technology and, at 3,300mAh, are the highest capacity cellular-phone batteries available. The ZincAir cellular-phone batteries provide three […]
PowerCache (San Diego, CA), a Maxwell Technologies (San Diego, CA) company, announced the availability of the PC10, a miniature, 10-farad ultracapacitor. The...
The external communications power supply market is being driven primarily by -48V rectifier and VRLA battery sales, but "new equipment in unfamiliar places" is behind the growth of emerging communications segments. This trend and more are discussed in the new Darnell Group report, Global Communications Power: Market Forecasts, Emerging Technologies and Competitive Analysis. This nearly […]
James B. Schultz, executive vice president of marketing, sales and corporate development of EOS Corp. (Camarillo, CA) has been elected to the board of directors of the Power Sources Manufacturers Association (PSMA, Mendham, NJ).Schultz is a 20-year veteran of the high-tech and electronics industry and has served in the rapid product and market expansion and […]
Energy Ventures Inc. (EVI, Toronto), Sammer Power Systems Inc. (New Jersey) and Sammer Engineering Gmbh (Austria) announced today that they have entered into a joint development agreement to build demonstration units of EVI's Direct Methanol Fuel Cell (DMFC). EVI has been working with Dr. Karl Kordesch and Dr. Victor Hacker to advance the development of […]
Lucent Technologies (Murray Hill, NJ) has declared a quarterly dividend of $0.02 per common share, payable Sept. 1, 2000 to shareowners of record on July 31, 2000.The dividend will go to roughly five million shareholders.
Plug Power Inc. (Latham, NY) announced that John G. Rice will assume the position previously held by Robert L. Nardelli on Plug Power's board of directors, effective July 17, 2000. Rice was appointed executive vice president and COO of GE Power Systems in June. "In addition to his duties as COO, Mr. Rice has assumed […]
FuelCell Energy Inc. (Danbury, CT) has been added to the Frank Russell Co.'s Russell 3000 Index, effective July 1, 2000. The index measures the performance of the 3,000 largest US companies based on market capitalization. More than $84.0 billion under management is indexed to the Russell 3000. "We remain focused on enhancing shareholder value as […]
Nam Tai Electronics Inc. (Hong Kong) has announced for the second time in less than six months that it plans to expand its production capacity of lithium-ion rechargeable battery packs for cellular phones. The company initially planned to set up one production line, but in response to strong market demand it installed two production lines […]