TechSys Inc. (Livingston, NJ) reports that it has signed a definitive business agreement to merger with Fuel Cell Companies Inc. (FCCI). FCCI holds a majority interest in Micro Fuel Cell Systems Inc., JPL, and SOFC Energy Inc. (UK). Steven Trenk, president of TechSys, commented, "We're very excited about the merger with FCCI. Their majority-owned technology […]
American Power Conversion Corp. (APC, West Kingston, RI) has expanded its power protection offerings for multi-server environments with a new condensed-size 5000VA tower uninterruptible power supply (UPS). The new APC Smart-UPS 5000 has a footprint of 8.7" x 17", which is among the smallest tower 5000VA units in the UPS industry, according to APC. The […]
Consolidated Power Battery Corp. (PWB, Oak Harbor, WA) announced that, pursuant to the proposed merger between PWB and Portable Energy Products (PEP, Scotts Valley, CA), PWB has decided to integrate its battery charger operations with those of Portable Energy Products. PWB closed down its battery charger operations in Issaquah April 2nd, 1999. PWB's proposed merger […]
Artesyn Technologies Inc. (Minneapolis, MN) has introduced the NLP110 Series of ac/dc power supplies. Comprised of four models, the series offers an...
American Power Conversion (West Kingston, RI) has further expanded its APC Redundant Switch, which was previously accessible only in a SmartUPS 1400/High...
American Electric Power (AEP, Columbus, OH) announced that eleven schools in Ohio and one in Texas have signed on to the Solar Schools program. The international Solar Schools program is a collaborative effort of AEP, BP Solar, the Foundation for Environmental Education, the federal and state governments and local communities. The first such school, Bluffsview […]
Linear Technology Corp. (Milpitas, CA) recently announced a reorganization intended to direct the company's growth from $500 million in sales to $1 billion and beyond. As part of the reorganization, co-founder and CEO Bob Swanson will also become Chairman of the board of directors. Clive Davies, who has been with Linear Technology for 17 years, […]
AER Energy Resources (Atlanta, GA) announced in their first quarter results that they nearly halved their losses compared to the same period last year. Net loss for the first quarter ended March 31, 1999, was $1.14 million, or $0.05 per share, compared to a net loss of $2.11 million, or $0.09 per share for the […]
Spire Corp. (Bedford, MA) recently announced it has retained investment banking firm OEM Capital as its financial advisor to advise the company on its strategic options, which may include a joint venture, merger, the sale of a product line or a business, or all of the company."The variety of growth opportunities available in our three […]
Signal Technology Corp. (Danvers, MA) reported its first quarter results, with revenues $3.3 million lower than the same quarter last year, falling from $23.7 million to $20.4 million. Net income for the 1999 first quarter, ended March 31, 1999, improved to $639,000, or $0.08 per diluted share, versus net income of $203,000, or $0.03 per […]
GFI Energy Ventures LLC (Los Angeles, CA) announced the completion of a substantial investment in Cherokee International LLC (Tustin, CA). Through the investment, GFI and its co-investors, including Oaktree Capital Management (Los Angeles) and RIT Capital Partners plc (London), have acquired a 60 percent majority interest in the power supply company."With this investment, we have […]
AVX Corp. (Myrtle Beach, SC) announced it is expanding the current range of its Accu-Guard Series SMD Thin-Film fuses. The fuses are now available with current values from 150mA to 5A in sizes 0603, 0805, 1206 and 0612. The fuses are intended for telecommunications applications, battery chargers and battery packs, hard disk drives, LCD screens […]
Xentek Power Systems (San Marcos, CA) recently announced the completion of its merger with its sister company, Taiyo Yuden (USA) Inc. The new company will operate under the Taiyo Yuden (USA) name, and the firms plan to consolidate operations into a single location yet to be determined. According to the firm, no staff or personnel […]
Vicor Corp. (Andover, MA) announced its financial results for the quarter ended December 31, 2000. Revenues for the quarter increased 29 percent to $69,168,000, compared with $53,742,000 for the corresponding period a year ago. Net income increased 50 percent to $8,550,000, versus $5,697,000 in 1999. Diluted earnings per share also increased 50 percent, from $0.13 […]
Rayovac Inc. (Madison, WI) has filed with US regulators to periodically sell up to $250.0 million in debt securities, preferred and common stock, and warrants. Rayovac said in its Securities and Exchange Commission filing that it plans to use the proceeds for general corporate purposes, such as debt repayment and acquisitions.