Manhattan Scientifics Inc. (Los Alamos, NM) announced that it has delivered a 700 W NovArs prototype fuel cell system to the US Army under a contract received in the third quarter of last year. The contract was awarded as part of the Army's Communications- Electronics Command's (CECOM) competitive Foreign Technology Evaluation Program. Manhattan Scientifics' said […]
Millennium Cell Inc. (Eatontown, NJ), a technology development company that has created a proprietary process to safely store, generate and deliver pure hydrogen, and Protonex Technology Corp., a developer of fuel cell power solutions for portable and remote applications, announced the signing of a joint development and licensing agreement. Protonex's portable fuel cell systems are […]
Hydrogenics Corp. (Toronto, Canada), a designer and manufacturer of fuel cell technology, announced that a major Japanese corporation has agreed to purchase a 10 kW HyPM fuel cell power module for delivery in Japan in March 2004. The contract also includes a newly developed fuel cell power module diagnostic stand. For this contract, Hydrogenics will […]
IdaTech Corp. (Bend, OR), a fuel cell system/component and fuel cell solutions provider, and RWE Fuel Cells (Germany) announced that they will install two 5 kW, combined heat and power, fuel cell systems operating on natural gas at the representative office of the State of North Rhine-Westphalia in Berlin as part of a new energy […]
Palcan Fuel Cells Ltd. (Burnaby, BC) announced the closing of its previously announced private placement, dated January 26, 2004, consisting originally of 2,220,000 units at a price of $0.30 per share, which is now amended to 2,600,000 units for a total proceeds of $780,000.00. Palcan's unit offering will consist of a total of 2,600,000 common […]
Ansoft Corp. (Pittsburgh, PA) released the HFSS™ v9 for the Sun Solaris® and HP/UX 64-bit operating systems. The HFSS v9 for UNIX® provides a number of larger installations with continued support for existing clusters of high-end UNIX 64-bit compute servers. As with all releases of HFSS, this version provides cross-platform support between UNIX and PC […]
Vicor Corp. (Andover, MA) announced its financial results for the quarter ended December 31, 2003. Revenues for the quarter decreased to $39,111,000 compared with $41,637,000 for the corresponding period a year ago. The company reported a loss before taxes of $4,985,000 for the quarter compared with a loss before taxes of $5,565,000 in the corresponding […]
Staco Energy Products Co. (Dayton, OH) announced its new FirstLine® conditioning power system (CPS), which protects against 98 percent of all power...
SatCon Technology Corp. (Cambridge, MA), a leader in power and energy management, reported financial results for its fiscal 2004 first quarter, which ended on December 27, 2003. Revenues for the three months ended December 27, 2003, were $8.2 million as compared to $6.9 million in the same period last year. In addition, the operating loss […]
Avista Corp. (Spokane, WA) announced that Senior Vice President Malyn Malquist will assume responsibility for the treasury function in addition to his role as Chief Financial Officer. Vice President and Treasurer David Brukardt will be leaving Avista later in the quarter, after helping to assure a smooth transition. The move combines the role of CFO […]
Jadoo Power Systems Inc. (Folsom, CA), a provider of portable fuel cell power systems, announced that it has appointed Louis Libin to its Advisory Board. Libin has vast experience in the broadcast industry. He chaired the Communication Committee for three Summer Olympics and two Winter Olympics. At age 34, he became Director of Technology for […]
Calpine Canada Power Ltd. (CCPL, Calgary, Canada) announced that Toby Austin has been appointed to act as interim Chief Executive Officer and President, succeeding Rohn Crabtree, who will continue in his role as a Senior Vice President in the Finance group at Calpine. Toby Austin currently serves as Vice President and Managing Counsel for Calpine […]
The board of directors of Avista Corp. (Spokane, WA) has declared a quarterly dividend of $0.125 per share on the company's common stock. A quarterly dividend of $1.73750 per share was declared on all outstanding shares of preferred stock Series K. The common and preferred stock dividends are payable March 15, 2004, to shareholders of […]
Calpine Corp. (San Jose, CA) announced that it is providing a pre-earnings update. The preliminary results are unaudited. On December 31, 2003, liquidity for the company totaled approximately $2.3 billion. This included cash and cash equivalents on hand of approximately $1 billion, the current portion of restricted cash of approximately $0.9 billion and approximately $0.4 […]
DTE Energy Technologies Inc. (Detroit, MI) announced 2003 reported and operating earnings of $521 million, or $3.09 per diluted share, down 18 percent from 2002 reported earnings of $632 million, or $3.83 per diluted share. Operating earnings for 2002 were $586 million, or $3.55 per diluted share. "2003 was a year in which several factors […]