C&D Technologies Inc. (Tucson, AZ) has expanded its range of 50W dc/dc converters with a new single-output device that delivers the low...
Power Integrations Inc. (San Jose, CA), a leader in power conversion semiconductor technology, announced that Balu Balakrishnan, a member of the board of directors and its president and chief executive officer, has adopted a stock trading plan in accordance with guidelines specified by the Securities and Exchange Commissions Rule 10b5-1. The one-year plan is effective […]
Magnetek Inc. (Chatsworth, CA) announced that it has received a commitment letter from Bank One Corp. to replace Magnetek's existing $16 million North American credit facility, due to expire December 17, 2003, with a new asset-based facility. Details of the new credit agreement will be made available when all necessary documentation has been completed and […]
Texas Instruments Inc. (TI, Dallas, TX) announced a new highly integrated, feature-rich, battery charging and power conversion, integrated circuit (IC) that delivers...
Giner Electrochemical Systems LLC (GES, Newton, MA) announced that it has formed a wholly owned new company, MCell Products Inc. (MCell) to...
O2Micro International Ltd. (George Town, Grand Cayman), a supplier of power management and security ICs to mobile computer and communications manufacturers, reported its financial results for the second quarter ended June 30, 2003. Net sales for the second quarter were $20.9 million. Second-quarter revenue of $20.9 million was an increase of 8% over the preceding […]
MINUTEMAN UPS (Carrollton, TX) announced two new high-quality lines of uninterruptible power supplies (USPs), which will become available to the public in August 2003. The products will replace current models with comprehensive power protection in a compact package. The new lines include the MBK-E™ Series, which will protect low-power demand applications like small office and […]
ON Semiconductor Corp. (Phoenix, AZ) announced that total revenues in the second quarter of 2003 were $256 million, a decline of 5% from the previous quarter. As a result of cost-cutting measures, the company's gross margin increased by 100 basis points to 28.6% from 27.6% in the first quarter of 2003. During the second quarter […]
Plug Power Inc. (Latham, NY) announced that it expects to receive approximately $12 million in net funding upon finalization of contracts with the US Department of Energy (DOE, Washington, DC) and the New York State Energy Research and Development Authority (NYSERDA) under several recently awarded programs. The DOE awarded two Plug Power proposals addressing backup/premium […]
RealEnergy Inc. (Woodland Hills, CA), a combined heat and power (CHP) onsite energy generation company, announced that it has received a revolving working capital credit facility of $15 million through CapitalSource Inc. The capital will be used to finance interim construction activities on 19 onsite generation projects that are currently underway. Once the projects are […]
RealEnergy Inc. (Woodland Hills, CA), a combined heat and power onsite energy generation company, announced that John Paul, a veteran power industry executive, has joined the company as Chief Executive Officer. Paul has an extensive background in the global power quality industry, first as President of Best Power (Necedah, WI), and then as President of […]
TXU Corp. (Dallas, TX) announced the resignation of Brian Dickie, an executive vice president of the company and president of TXU Energy, the North American competitive energy unit. Thomas Baker will assume Dickie's responsibilities. Dickie, who is a UK native, is moving to London to join Investcorp, a global investment group. "Brian has played a […]
Avista Corp. (Spokane, WA) reported second-quarter 2003 consolidated revenues of $218.6 million, and earnings of $0.25 per diluted share, from continuing operations. Net income available for common stock totaled $8.4 million, or $0.17 per diluted share, including the discontinued operations of Avista Labs. "Avista continues to make progress in achieving the goals we set to […]
Millennium Cell Inc. (Eatontown, NJ) and New Energy Ltd. (Reykjavik, Iceland) announced a project that will evaluate the potential to use sodium borohydride to export energy from Iceland. Sodium borohydride is an integral part of Millennium Cell's Hydrogen-on-Demand™ technology. Funding for the project will come from the Icelandic Research Council. "Millennium Cell is pleased to […]
MTI MicroFuel Cells Inc. (Albany, NY), a subsidiary of Mechanical Technology Inc., announced it has received an award of $200,000 from the New York State Energy Research and Development Authority (NYSERDA). The NYSERDA award is part of a program to support projects designed to deliver energy, environmental and economic benefits to the citizens of New […]