Ballard Power Systems (Vancouver, BC) announced that its stationary power subsidiary, Ballard Generation Systems (BGS), its stationary alliance partner, EBARA Corp. (Japan), and EBARA Ballard Corp. have agreed with Osaka Gas (Japan) to collaborate in the development of stationary proton-exchange membrane (PEM) fuel cell cogeneration power generators for the Japanese residential market. "This collaboration broadens […]
Teledyne Technologies Inc. (Los Angeles, CA) reported third-quarter 2001 sales of $185.6 million, compared with sales of $201.1 million for the same period in 2000. Net income for the third quarter of 2001 was $5.7 million, or $0.18 per diluted share, compared with net income of $9.8 million, or $0.32 per diluted share, for the […]
Energy Visions Inc. (EVI, Ottawa, ON) announced that Defense R&D Canada (DRDC, Canada) is planning to begin a study of EVI's proprietary direct methanol fuel cell (DMFC) technology for evaluation in several military applications. EVI has begun work on demonstration units for both DRDC and the US Department of Defense (DOD) that are scheduled for […]
Capstone Turbine Corp. (Chatsworth, CA) reported revenue of $3.3 million for the third quarter ended September 30, 2001, compared with revenue of $6.2 million for the third quarter of 2000. The company shipped 80 units in the third quarter of 2001, compared with 211 in the third quarter of 2000. Eighteen of the units in […]
Astris Energi Inc. (Mississauga, ON) reported that it has filed a CDN$5.0 million counterclaim in the Superior Court of Justice (Ontario) against E. Roy Birkett, a former officer and director of the company. According to Gordon Emerson, CFO and director of Astris, the counterclaim is the company's response to a claim filed in the same […]
Global Thermoelectric Inc. (Calgary, Canada) announced operational and financial results for the quarter ended September 30th, 2001. For the nine months ended September 30, 2001, revenue from continuing operations was $12.2 million, compared to $21.0 million for the nine months ended September 30, 2000. The company's contract with the Gas Authority of India accounted for […]
DTE Energy Co. (Detroit, MI) announced 2001 third-quarter operating earnings of $84.0 million, or $0.51 per basic and diluted share, excluding the impact of merger and restructuring charges and goodwill amortization. Operating earnings for the 2000 third quarter, were $105.0 million, or $0.74 per share. DTE Energy's reported earnings for the third quarter 2001 were […]
Ballard Power Systems Inc. (Vancouver, BC) announced its Mark 902 advanced fuel cell platform. Building on the Mark 900 Series announced in January 2000, the Mark 902 optimizes lower cost, design for volume manufacture, reliability, power density and compatibility with customer system requirements. The Mark 902 Series represents Ballard's 4th generation of transportation fuel cell […]
Enron Corp. (Houston, TX) shares fell to their lowest level in almost seven years in early trade following news that North America's largest natural gas and electricity trader was considering tapping additional credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks. Enron shares […]
Microsemi Corp. (Irvine, CA) has received a $4.5 million, two-year contract from a European-based global systems, defense and aerospace company. Microsemi will supply military-grade products from all of its four product groups – power conditioning discretes, power management, transient protection and RF/microwave. The contract can expand to about $6.5 million. "Microsemi sees long-term military/aerospace spending […]
IEC Electronics Corp. (Newark, NY) announced that it has been named a prime supplier of electronic assemblies by Acumentrics Corp. (Westwood, MA). Acumentrics recently signed a long-term agreement with IEC, who has been providing prototype and volume production services for Acumentrics' ruggedized UPS systems for the past two years. New orders will not only include […]
The Electric Power Supply Association (EPSA, Washington, DC) announced that Stephen Bergstrom, president and COO of Dynegy Inc. (Houston, TX) has been elected to serve as the association's chair for 2002. EPSA also announced the rest of its leadership for the coming year. Craig Mataczynski, president and CEO of NRG North America (Minneapolis), will serve […]
International Power Sources Inc. (IPS, Holliston, MA) announced that it will officially change its name to XPiQ Inc. on November 1, 2001. The new company will continue to support the former IPS product line of ac/dc and dc/dc converters, but will also increase their focus on new product development. The name change was approved by […]
Topin Battery Ltd. (Hong Kong) announced its new LifeTester, which is a compact, easy-to-use instrument for testing rechargeable 12V batteries with capacities...
Xicor Inc. (Milpitas, CA) announced that it has named Todd Smathers as senior vice president of operations, reporting to Xicor's President and CEO Lou DiNardo. Smathers will be responsible for all of the company's operations activities, including manufacturing, quality and reliability, product and test engineering, as well as material management, logistics and information technology. Smathers […]