Siemens Westinghouse Power Corp. (Orlando, FL) announced that it will build a $122.0 million fuel cell plant in the suburb of Munhall, PA. The plant could employ as many as 500 people. Groundbreaking is set for October 4, 2001, with plans for the plant to be fully operational by 2003. The plant will produce fuel […]
Ballard Power Systems (Vancouver, BC) announced the commercial launch of its Nexa power module, the world's first volume-produced proton-exchange membrane (PEM) fuel cell system designed for integration by original equipment manufacturers (OEMs) into a wide variety of industrial and consumer end-product applications. The Nexa power module generates up to 1,200W of unregulated dc electrical power. […]
eVionyx Inc. (Hawthorne, NY) demonstrated its revolutionary power cell (RPC) technology by powering both a golf cart and an electric lawnmower with energy extracted from zinc metal. The demonstrations are a culmination of an intense research and development program co-funded by the New York State Energy Research and Development Authority (NYSERDA) and the New York […]
Energy Visions Inc. (EVI, Ottawa, Ontario) announced that it has successfully concluded laboratory tests that confirm the significantly enhanced performance of its proprietary direct methanol fuel cell (DMFC) technology. EVI is on schedule to produce a first-generation commercial prototype and expects to have a demonstration unit ready by mid-year 2002. EVI is finalizing an agreement […]
Exelon Corp. (Chicago, IL) has reduced its 2001 earnings guidance. Exelon previously issued guidance that its third-quarter 2001 earnings per share (EPS)...
UNIPOWER Telecom, a division of UNIPOWER Corp. (Coral Springs, FL), announced its new UNIFLEX Series of dc distribution panels, which provide overload protection and low-voltage disconnect (LVD) in a single 1U high panel. They provide flexibility in combining fuses, circuit breakers, and/or LVD in a dual A/B panel. Fuse sections can be chosen from GMT, […]
Astec Power (Carlsbad, CA) announced the addition of its new Breaker Interface Panel (BIP) to its line of telecommunications products. The BIP, also known as a power distribution unit, power distribution panel or frame supervisory panel, improves system power stability and provides a convenient, centralized location for all customer-load circuit breakers. Housed in a low-profile, […]
AES Corp. (Arlington, VA) announced that it is reducing its annual earnings per share estimate to a range of $1.25 to $1.45 for the fiscal year ending December 31, 2001. Barry Sharp, CFO, commented, "We are disappointed that our operating results will not reach our original earnings expectations. A number of our businesses have performed […]
Siemens Westinghouse Power Corp. (Orlando, FL) announced that it has selected the Pittsburgh area for the expansion of its stationary fuel cell business. Siemens Westinghouse selected a 22-acre site for its 430,000sqft manufacturing facility in Allegheny County. Siemens Westinghouse's new facility will be built in phases starting with 180,000sqft of manufacturing and office space in […]
UCAR International Inc. (Nashville, TN) updated its outlook for third-quarter 2001. UCAR now expects third-quarter net earnings to be in the range of $0.03 to $0.07 per share. UCAR expects to continue with ongoing improvements from its cost-reduction efforts to lower supply chain and overhead costs while increasing productivity.
STMicroelectronics (Geneva) announced that it plans to buy back up to five million shares of its outstanding common stock. The repurchased shares will be allocated to fund the company's most recent employee stock option plan, which was approved at its Annual General Meeting on April 25, 2001. The implementation of the share purchase program, which […]
Ault Inc. (Minneapolis) reported net sales of $10.3 million for the first quarter of fiscal 2002 ended September 2, 2001, down from $21.9 million for the first quarter of fiscal 2001 ended August 27, 2000. Net income for the first quarter of fiscal 2002 decreased to a loss of $646,000, or $0.14 per diluted share, […]
Chloride Group plc (London) announced that Bill Foreman, who has been suffering from ill health in recent months, has stated his intention to retire as a director with immediate effect. Foreman, who is 65, became chairman of Chloride in July 1999 and has been a director since 1988. Foreman is succeeded as chairman by Norman […]
C&D Technologies Inc. (Blue Bell, PA) announced that in its fiscal 2002 second quarter, ended July 31, 2001, net income was virtually equal to the previous year at $13,100,000, or $0.49 per share, compared to $13,391,000, or $0.49 per share, in the second quarter of fiscal 2001. Diluted shares for the second quarter were 26,852,000 […]
Energy Visions Inc. (Ottawa, Ontario) announced that it has successfully completed its equity offering, raising gross proceeds of CDN$3.0 million. The offering comprises four million shares of common stock at a price of CDN$0.75 per share. The net proceeds of the offering will be used to repay outstanding debentures, fund research and development, and acquire […]