Valence Technology Inc. (Henderson, NV) recently reported a net loss available to common stockholders of $10.1 million, or a loss of $0.32 per share, for the third quarter ended December 26, 1999. This compares to a net loss of $11.5 million, or a loss of $0.44 per share, for the third quarter ended December 27, […]
SatCon Technology Corp. (Cambridge, MA) recently announced that its spin-off division, Beacon Power Corp. (Woburn, MA), received its first production order for 100 flywheel energy-storage systems from TLER Associates in Mexico. The Beacon Power Flywheel Energy-Storage Systems will provide back-up power for telephone systems. "We're very excited about this, our first production order," said David […]
Lambda Electronics (Melville, NY) recently announced it has been chosen by Rockwell (Milwaukee, WI) and the US Navy Office of Naval Research (Arlington, VA) to take part in a research project to develop three distinct point-of-use power-conversion technologies for broad commercial and defense applications. Lambda will work with the program to commercialize power-supply innovation for […]
Ballard Power Systems Inc. (Vancouver, BC) recently filed with regulators to issue about $200.0 million in new stock. The company said it intends to use proceeds from the common share offer for commercialization programs with strategic partners, as well as research and development efforts on a variety of fuel cell projects.
SL Industries Inc. (Mt. Laurel, NJ) announced financial results for the two-month and five-month periods of its "stub" year ended December 31, 1999. Revenue for the two months ended December 31, 1999, increased 47 percent to $28,814,000, a new record for the period, from $19,569,000 for the same two-month period of 1998. Net income was […]
The board of directors at TECSTAR Inc. (City of Industry, CA) recently announced that David M. Van Buren has resigned as CEO and a member of the board of TECSTAR and its subsidiaries. In accepting his resignation, the board praised the organization built over the eight years of Van Buren's tenure as CEO. "TECSTAR is […]
EMCORE Corp. (Somerset, NJ) recently announced the manufacture and shipping of what it claims is the world's highest efficiency dual-junction solar cell for satellite applications. Based on customary satellite industry metrics, EMCORE achieved the efficiency ranking of 25.3 percent, which is the highest in the world for large-area (27.2cm square) dual-junction flight solar cells that […]
Ultralife Batteries Inc. (Newark, NY) recently announced results for the second quarter of fiscal 2000. Consolidated revenues were $6.7 million for the three months ended December 31, 1999, an increase of $1.5 million, or 29 percent, from the comparable quarter last year. The net loss for the quarter was $3.0 million, or $0.28 per share, […]
Sure Power Corp. (Danbury, CT) recently announced a partnership agreement with Piller Inc. (Middletown, NY) for the use of their rotary technology in the design and manufacture of the fuel-cell-based Sure Power High-Availability Power System. Piller produced the Powerbridge flywheel energy-storage systems and the Uniblock and Triblock rotary UPS components. The agreement calls for the […]
The Power Sources Manufacturer's Association (PSMA, Mendham, NJ) recently completed its report describing cutting-edge electrical and mechanical design in the power electronics industry. The report, Trends in Power Supply Design and Packaging, also describes the likely improvements that will occur in the industry over the next five years. The 420-page, two-part report includes the collaborative […]
Microsemi Corp. (Santa Ana, CA) recently announced that its Linfinity Division (Garden Grove, CA) has received a second patent covering unique design aspects of its RangeMAX ICs used in lighting the LCDs found in computer and mobile telecommunications products. The US Patent No. 5923129 covers a method for reducing the number of components needed to […]
SatCon Technology Corp. (Cambridge, MA) recently announced that it will build fuel cell power converters for H Power Corp. (Belleville, NJ). The SatCon power converters will convert dc electrical output from H Power's fuel cell systems into useful ac electrical power. "We are pleased to be working with H Power on their fuel cell power-generation […]
AER Energy Resources Inc. (Smyrna, GA) recently announced that it has received notification from the European Patent Office of the issuance of European Patent No. 0860032 related to its Diffusion Air Manager system. The system also resulted in US Patent Nos. 5,691,074 and 5,919,582. The US Patents allow for the design of a mechanism for […]
Manhattan Scientifics Inc. (New York) announced what it claims is a major research breakthrough, a micro fuel cell test device that achieved a specific energy output three times greater than standard lithium-ion batteries currently used for cellular telephones. Manhattan Scientifics' researchers believe their achievement of three times the energy output of lithium-ion batteries is a […]
Plug Power Inc. (Latham, NY) recently announced its value has increased nine-fold since it went public in October 1999. The company has plans for its fuel cells to be installed in homes, and to produce enough electricity to heat and light the houses.According to Plug Power, the fuel cells are powered by natural gas. The […]