Ener1 Inc. (Fort Lauderdale, FL), a developer of lithium batteries and fuel cells, named Hiroaki Murase, a project manager with ITOCHU Corp., as Vice President of Business Development. Murase has played key roles in expanding the relationship between Ener1 and ITOCHU in the areas of marketing, technology development and production. Murase will direct Ener1's worldwide […]
Ener1 Inc. (Fort Lauderdale, FL), a developer of lithium batteries and fuel cells, announced the completion of a private placement of $20 million in principal of its 5-percent senior secured convertible debentures. The debentures are convertible into common stock of Ener1 at $1.25 per share. Ener1 also has the right to automatically convert the debentures […]
Medis Technologies Ltd. (New York) reported that it has filed three new patents with the US Patent Office. The first patent is for a system of independent orientation, describing a proprietary system that enables its fuel cell products to operate in any orientation – up, down or sideways. The second patent covers further improvements in […]
Hydrogenics Corp. (Toronto, Canada), a designer and manufacturer of fuel cell technology, announced plans to sell 11 million shares for $84 million. The shares will be priced at US$5.75 each, or CDN$7.63, and provide net proceeds of US$60 million to the company, excluding the underwriters' over-allotment option. The underwriters have an option to buy up […]
The Bush administration wants a 43-percent increase in federal funds to develop cars that run on hydrogen fuel and the service stations to support them. The additional $69 million would bring the program's total funding to $228 million for the 2005 spending year, which begins October 1, under the White House's recently released proposed government […]
IdaTech Corp. (Bend, OR), a fuel cell system/component and fuel cell solutions provider, announced that it has received CE (European Conformity) certification for its 5 kW natural gas, combined heat and power, proton-exchange membrane fuel cell system. This is the first of IdaTech's new line of fuel cell systems named EtaGen™. Currently there are no […]
Hydrogenics Corp. (Toronto, Canada), a designer and manufacturer of fuel cell technology, announced that it has completed the previously announced sale to the public in the United States and Canada of 11,000,000 common shares at US$5.75 (CDN$7.63) per share. Hydrogenics received net proceeds from the offering of approximately US$60 million. Citigroup acted as sole book-running […]
JumboTek Advanced Technologies Inc. (Taiwan) unveiled its E008 JV EIA multi-layer, surface-mount, transient-voltage surge suppressor that features bi-directional clamping characteristics and can...
Prostar International Electric Co. Ltd. (China) introduced its HB Series of maintenance-free, lead-acid, storage batteries, which are designed for use in the...
Sheng Ye Electrical Co. Ltd. (China) launched the CBB3X Series of snubber and high-current capacitors that are targeted for use in chargers,...
Manhattan Scientifics Inc. (Los Alamos, NM) announced that it has licensed its mid-range (NovArs) fuel cell technology to a Singapore company with manufacturing in China. The contract gives the licensee non-exclusive rights to produce and sell fuel cell engines based on the NovArs technology owned by Manhattan Scientifics. The agreement involves an upfront payment, royalty […]
HyRadix Inc. (Des Plaines, IL) announced the unveiling of the first fuel cell in Texas using propane as the fuel. The fuel cell system is providing power to the Texas Department of Transportation's TransGuide Facility in San Antonio. The system combines HyRadix's Agilon™ propane reformer with a proton-exchange membrane fuel cell supplied by Plug Power […]
The Society of Manufacturing Engineers (SME) announced the launching of a new event, the Alternative and Advanced Energy Technologies: Manufacturing Challenges and Opportunities, which will be taking place October 12-13, 2004, at the Hyatt Regency Dearborn in Dearborn, MI. The conference will demystify fuel cell technologies by featuring interactive displays and exhibits of automotive, portable […]
Magnetek Inc. (Chatsworth, CA), a leading manufacturer of power conditioners for commercial fuel cells, reported its results for the second quarter and first half of fiscal 2004, ended December 31, 2003. Revenue for the quarter was up 13 percent to $58.1 from $51.3 million in the second quarter of fiscal 2003, and up 15 percent […]
Tyco Electronics Power Systems Inc. (Dallas, TX) and SynQor Inc. (Boxborough, MA) have formed the Distributed-Power Open Standards Alliance (DOSA) to ensure...