Condor DC Power Supplies (Oxnard, CA) has extended its line of PFC power supplies with four new single-output models. The new models are available in both medical and commercial versions, including two medical units offering 115W and 250W output power, and two commercial models with 110W and 250W output power. The new units meet the […]
Chairman and CEO of Vishay Intertechnology Inc., Dr. Felix Zandman, announced that the company's board of directors has declared a three-for-two stock split on both its common stock and Class B common stock. The stock split is payable on June 9, 2000, to stockholders of record on May 30, 2000. Cash will be paid in […]
Analytic Systems Ware Ltd. (Surrey, BC), appointed On Board Components (Scarborough, Ontario), as a national distributor for their line of power conversion products into the year 2000 and beyond. On Board Components will distribute Analytic Systems' full line of power supplies, battery chargers, inverters and dc-dc converters.Stated Jim Hargrove, president of Analytic Systems, "This partnership […]
Mechanical Technology Inc. (Albany, NY) announced the appointment of Shimshon Gottesfeld as the chief technology officer and vice president of research and...
GreenVolt Power Corp. (Ontario, Canada) announced the appointment of Jeric Gu as supervisor of in-house alkaline fuel cell development programs. Gu most recently served as research and development manager for Beijing Century Fuyuan Fuel Cells Co. Ltd. (Beijing, China), with a particular focus on alkaline fuel cell applications for electric vehicles and mobile phones. He […]
Valence Technology Inc. (Henderson, NV), a developer of advanced rechargeable lithium-polymer battery technology, reported financial results for the fourth quarter and year ended March 31, 2000. For the fourth quarter of 2000, excluding one-time charges relating to the settlement of a securities class-action lawsuit and factory start-up costs, the company reported a net loss of […]
Power-One Inc. (Camarillo, CA), has announced that it has consummated the acquisition of Norwegian-based Powec AS, a leading supplier of power systems for major service providers and equipment manufacturers in the telecommunications industry.Power-One paid approximately $70 million in cash and approximately 127,000 shares of Power-One common stock for all of the common stock of Powec. […]
IXYS Corp. (Santa Clara, CA) announced the acquisition of Directed Energy Inc. (DEI, Fort Collins, CO). IXYS will issue approximately 125,000 shares of common stock in the acquisition, which will be accounted for as a purchase. DEI brings to IXYS a wide range of products and technology in RF power MOSFETs, high-power laser diode drivers, […]
ReDOX Technology Corp. (Houston, TX) is pleased to announce that the development of their proprietary high-energy density battery has begun. The project will involve a series of five prototypes that will be produced over the next 13 months. ReDOX President and CEO Richard Szymanski explained the potential magnitude of a successful end product. "An independent […]
Lucent Technologies' Microelectronics Group (Allentown, PA) announced a $40.0-million expansion of its manufacturing capacity in Southern California. The expansion, planned by Lucent's recently acquired Ortel Corp. (Alhambra, CA), is expected to increase the product output of the facilities by at least 16 times, and create approximately 450 manufacturing jobs in the San Gabriel Valley over […]
Koor Industries Ltd. (Tel Aviv, Israel) has cancelled an agreement to sell its Tadiran Batteries subsidiary to Electric Fuel Corp. (Iselin, NJ) for $42.3 million in Electric Fuel shares. The Israeli holding company said it will, however, invest $10.0 million in Electric Fuel in exchange for a 5.3-percent stake of the company. Within six months, […]
Digital Power Corp. (Fremont, CA) recently secured one of their largest orders, exceeding $1.0 million, from Salmon Falls Systems (Rochester, NH) for a custom 150W switching power supply. Power Guide Marketing, one of Digital Power's newest representative groups, worked with Salmon Falls Systems to secure the order. "It required the coordinated effort of many people […]
Electric Fuel Corp. (Iselin, NJ) announced that Koor Industries Ltd. (Tel Aviv, Israel) has agreed to complete a previously contracted equity investment of $10.0 million in Electric Fuel, at a price of $10 per share. The company said that the proceeds will be used for marketing and for the expansion of its production capacity. Electric […]
Power-One Inc.'s (Camarillo, CA) board of directors declared a three-for-two stock split of the company's common stock at its meeting, May 9, 2000. The stock split will be effected in the form of a 50-percent stock dividend payable June 2, 2000, to stockholders of record May 24, 2000. The dividend will increase the number of […]
Ultralife Batteries Inc. (Newark, NY) announced its results for the third quarter of fiscal 2000. Consolidated revenues reached $6.2 million for the three months ended March 31, 2000, an increase of $0.6 million, or 11 percent, over the comparable quarter last year. The net loss for the quarter was $1.2 million, or $0.11 cents per […]