SatCon Technology Corp.® announced that it has entered into a definitive agreement for a $12 million private placement with institutional investors. First Albany Capital served as the placement agent for the transaction. “We greatly appreciate the tremendous vote of confidence in SatCon that this financing represents from our new institutional investors,” stated David Eisenhaure, Chairman […]
Tesla Motors unveiled its first high-performance, zero-emissions electric car – the Tesla Roadster. The electric-powered Tesla Roadster boasts a top speed of...
SunPower Corp. announced that revenue for the second quarter ended June 30, 2006 was $54.7 million, up 30% from the prior quarter’s revenue of $42.0 million and up 233% from the second quarter 2005 revenue of $16.4 million. GAAP net income for the quarter was $5.4 million, or $0.08 diluted earnings per share, compared to […]
Cree, Inc. announced release of a new 2A Zero Recovery® rectifier operating at 600V. This new Schottky diode is designed specifically to...
Power Air Corp. announced that it has signed an agency agreement with Terra Nova Capital Partners, Inc. to raise an institutional round of up to $5 million. The agreement allows for some limited exclusivity in North America. Since becoming publicly traded via a reverse merger in October 2005, Power Air has raised $4 million from […]
Magnetek, Inc. introduced a high power-density “front-end” power supply available for energy-intensive applications. The company’s new HPD-800™ converter packs 800W of 12V dc power into a package 9.84 inches long by 2.36 inches wide by 1.65 inches deep, equating to over 20W per cubic inch. Such high power density is impressive in front-end power supplies. […]
ENECO, Inc. has announced details of a breakthrough in energy conversion with exciting potential benefits for a range of multi-billion dollar markets. ENECO’s “Thermal Chip” is essentially a new type of semiconductor which directly converts heat from any source into electricity, delivering energy and power conversion three to five times more efficiently than present alternatives, […]
Power Integrations Inc. announced that Rafael Torres has been appointed CFO and VP, Finance and Administration, effective July 19, 2006. Since 2000, Torres has served as chief financial officer of PLX Technology, Inc., a supplier of PCI Express and other standard input/output interconnect silicon for the communications, server, storage, embedded-control and consumer industries. Prior to […]