Capstone Turbine Corp. (Chatsworth, CA) announced preliminary financial results for the third quarter ended September 30, 2002. In the period, the company shipped 3.2MW of its products. The company expects to report revenue of $3.9 million and post a loss per share of between $0.14 and $0.16. The company's cash utilization rate is approximately $11.0 […]
A PC25 fuel cell, manufactured and installed by UTC Fuel Cells (South Windsor, CT), a division of United Technologies Corp. (South Windsor, CT), was unveiled at a ceremony held at South Windsor High School, marking the launch of the state's first municipal facility to be powered and heated by a fuel cell. The South Windsor […]
Electric Fuel Corp. (New York) announced that Yehuda Harats, president and CEO and member of the board of directors, has decided to resign from his positions with the company and its subsidiaries in order to pursue other interests. Harats served as President and CEO of Electric Fuel since its inception in 1990. The board of […]
Electric Fuel Corp. (New York) announced that it will discontinue retail sales of its INSTANT POWER® consumer battery products because of the high costs associated with consumer marketing and low-volume manufacturing. The move is expected to significantly accelerate progress toward achieving positive cash flow in 2003. The company will continue to fulfill all its existing […]
Artesyn Technologies Inc. (Boca Raton, FL) reported financial results for the quarter ended September 27, 2002. Revenue for the quarter totaled $86.0 million, compared to $109.0 million in the same period a year ago. The company incurred a cash loss of $0.16 per share for the quarter, excluding the impact of restructuring and goodwill impairment […]
Splashpower Ltd. (Cambridge, England) announced its new Splashpower™ wireless recharging solution, which is suitable for use in PDAs, mobile phones, personal music players and portable gaming devices. The SplashModule enables immediate, safe and contactless recharging for the implementation of a wireless mobile lifestyle. The Splashpower solution has two parts: the first is the SplashModule™, a […]
The board of directors of Honeywell International Inc. (Morris Township, NJ) declared a regular quarterly dividend of $0.1875 per share on the company's outstanding common stock. The dividend is payable on December 10, 2002, to shareowners of record at the close of business on November 20, 2002.
Cummins Inc. (Columbus, IN) announced that it discovered a miscalculation in the company's reported third-quarter diluted earnings per share. The correct amount is $0.96 per fully diluted share. The miscalculation does not impact the reported $39.0 million profit after taxes, any other reported numbers for the company, or any forward guidance. Basic earnings per share […]
Toshiba Corp. (Tokyo, Japan) announced that it plans to market a fuel cell battery-operated notebook computer by 2004 with an operation time of about 10 hours, three times longer than conventional batteries. The company also reported that it plans to install fuel cell batteries in personal digital assistant products.
ON Semiconductor Corp. (Phoenix, AZ) introduced the NTLTD7900, a dual n-channel, common drain, power MOSFET for lithium-ion battery management in portable electronics, including cellular phones, pagers and PDAs. The NTLTD7900 is a 9A, 20V device designed for use in protection circuits for one- and two-cell lithium-ion battery packs. Offered in a tiny 3.3mm x 3.3mm […]
Advanced Power Technology Inc. (APT, Bend, OR) reported third-quarter 2002 revenues of $13.1 million, toward the high end of the previously announced company guidance of $12.6 to $13.2 million, an increase of 91 percent over the year-ago quarter and of 22 percent over the prior quarter. The net income for the third quarter of 2002 […]
Xicor Inc. (Milpitas, CA) introduced the X80010, X80011, X80012 and X80013 smart power management products, which integrate power supply sequencing, system management and hot-swap functions to provide a complete solution that addresses power distribution from a -48V backplane. The hot-swap features of the X80010 family allow for insertion and extraction of line cards, network interface […]
Artesyn Technologies Inc. (Boca Raton, FL) announced that Staff Engineer Robert White has received the 2002 Distinguished Service Award from the IEEE Power Electronics Society (PELS). The award is to honor long and distinguished service to the welfare of PELS at an exceptional level of dedication and achievement. White is with Artesyn's Worldwide Technology Development […]
Plug Power Inc. (Latham, NY) announced that it has added standby capability to its GenSys™5C, the company's 5kW combined heat and power fuel cell system. The standby feature allows the fuel cell to provide power to critical loads upon grid interruption. The GenSys™5C operates in parallel with the electric grid, providing base load power during […]
Tyco Electronics Power Components (Menlo Park, CA) announced Raychem Circuit Protection's lead-free, resettable, PolySwitch® TRF250-180 device for telecom and networking applications, which...