Guangdong Shunde City Shengye Electrical Co. Ltd. (China) introduced the new CBB30 to CBB34 Series of metallized plastic-film capacitors, which are sealed...
International Rectifier Corp. (IR, El Segundo, CA) announced the IRU3038, a synchronous PWM controller integrated circuit (IC) for the termination voltage requirements...
Tyco International Ltd. (Pembroke, Bermuda) reported that a federal court has dismissed shareholder charges of improper disclosure and accounting practices. The company announced that the US District Court in New Hampshire found the plaintiffs "had fallen well short of stating a viable securities fraud claim." The suit had consolidated 38 class-action suits filed in various […]
UTC Fuel Cells (South Windsor, CT), a unit of United Technologies Corp. (Hartford, CT), announced that it has signed agreements with Nissan Motor Co. Ltd. (Japan) to develop fuel cells and fuel cell components for vehicles. Renault SA (France), Nissan's alliance partner, is also participating in the development projects. UTC Fuel Cells will provide fuel […]
iGo Corp. (Reno, NV) announced that it has received preliminary notification from Nasdaq indicating that the company is not meeting the $1.00 minimum bid price requirement for continued listing on the Nasdaq National Market under Marketplace Rule 4450(a)(5). Under the notification, iGo has until May 15, 2002, to regain compliance with the minimum bid price […]
FuelCell Energy Inc. (Danbury, CT) reported that five people were injured in an explosion that happened January 14, 2002. While the cause of the explosion remains uncertain, officials said they were concentrating their investigative efforts on a manufacturing process that creates a device called "the matrix," a device that helps with the reaction that generates […]
Smart Fuel Cell GmbH (SFC, Munich, Germany) recently began production of a miniaturized methanol fuel cell, designed to replace batteries in camcorders, laptop computers, cell phones, power tools and other portable consumer devices. The company claims that a single fuel cell, holding about 125ml of methanol, can power a notebook computer for more than eight […]
SatCon Technology Corp. (Cambridge, MA) announced that it has appointed Ralph Norwood as vice president and CFO. Norwood comes to SatCon from RMN Associates, a consulting firm that he formed one and a half years ago to provide financial and strategic counsel to start-ups and emerging growth companies. "This is an important step in our […]
Nuvera Fuel Cells (Cambridge, MA) announced the appointment of Roberto Cordaro as President and CEO. In addition, Cordaro will join the company's board of directors. Previously, Cordaro was the CEO of Motor Coach Industries International, a North American manufacturer of inter-city luxury motor coaches and buses. "We are pleased that Roberto has joined our team," […]
Matsushita Electric Industrial Co. Ltd. (Osaka, Japan) announced that it has launched a power management AN32500A IC for portable wireless devices based on the Intel PXA210 and Intel PXA250 applications processor. The new IC, which only requires a low supply voltage and operates with a software-controllable voltage management in accordance to CPU performance, is slated […]
IEC Electronics Corp. (Newark, NY) reported results for the first quarter of fiscal 2002. For the three-month period ending December 28, 2001, IEC's revenues were $15.8 million, compared to $59.7 million for the same period last year and $15.4 million for the fourth quarter of fiscal 2001. IEC reported a net loss of $2.2 million, […]
IMPCO Technologies Inc. (Cerritos, CA) said that it expects to complete the spin-off its Quantum Fuel Systems Technologies Worldwide Inc. (Irvine, CA) unit during the second quarter. IMPCO said last June that it planned to spin off the division through a tax-free distribution of Quantum stock to IMPCO shareholders by the end of 2001. The […]
SatCon Technology Corp. (Cambridge, MA) announced financial results for its fiscal 2002 first quarter, which ended December 29, 2001. Revenue for the first quarter decreased 12 percent to $8.3 million, compared to $9.5 million in the same period last year. The net loss for the first quarter of fiscal 2002 was $5.4 million, or $0.33 […]
Matsushita Electric Industrial Co. Ltd. (Japan) and Matsushita Battery Industrial Co. Ltd. (Japan) will market an AA nickel-metal-hydride battery, the Metal Hydride 2000 Series, which achieves a high capacity of 1,900mAh (minimum level). The Hydride 2000 Series products will be available for sale on April 1, 2002. The Metal Hydride 2000 Series achieves an electrical […]
Energy Conversion Devices Inc. (ECD, Rochester Hills, MI) announced its operating results for the second quarter ended December 31, 2001. Revenues increased 77 percent to $26,745,000, compared to $15,088,000 in the second quarter last year. The company's net loss was $4,317,000, compared to $716,000 in the same quarter last year. On a per-share basis, the […]