Semtech Corp. (Newbury Park, CA) has unveiled the LC05-6, a new surge-protection device based on the company's transient voltage-suppression diode technology. The...
Tyco International Ltd. (Bermuda) reported that diluted earnings per share for its first quarter ended December 31, 2000 were 57 cents, a 24 percent increase over earnings of 46 cents per share in its first quarter of fiscal 2000. Net income before extraordinary items and cumulative effect of accounting change rose to $1.01 billion, an […]
ON Semiconductor (Phoenix, AZ) unveiled its advanced technology development center located at the company's headquarters. The center was established as a cornerstone of the company's strategy to expand its portfolio of application-specific standard product semiconductors. ON Semiconductor plans to use the resulting advanced technologies and processes to introduce new families of high-performance ICs. The center […]
MGE UPS Systems (Costa Mesa, CA) announced double-digit growth and revenue for its US operations in fiscal year 2000. The company realized a gain in revenue of 80 percent for its power-protection solutions, resulting in $270.0 million in total revenues for the year. "We are extremely pleased with our record growth. These numbers signify our […]
An agreement on investing in the upgrade of the Kaiyuan power plant, a major project planned to supply electricity from southwest China's Yunnan Province to east China, was recently signed. According to the agreement, the investment will be shared by the Honghe Cigarette Factory, the Yunnan Power Group Co. Ltd. (Kunming, China), the Xiaolongtan Mining […]
FuelCell Energy Inc. (Danbury, CT) received approval at a special shareholders meeting to increase the number of authorized shares of common stock from 20 million to 150 million. Reasons for the increase are to make additional shares available for future issuances for cash, as share dividends and stock splits, for acquisitions of property or stock […]
AES Corp. (Peabody, MA) introduced the AES-IntelliNet real-time Internet Metering system, which captures 15-minute intervals of electric, gas or water-meter data and displays it on the Internet before the close of the next interval. Data is posted 96 times a day and is used to manage peak energy, trading on the stock market, TOU tariffs, […]
SL Industries (Mt. Laurel, NJ) has announced that Jacob Cherian Jr. has been named vice president, corporate controller. Cherian succeeds James E. Morris, who retired after 22 years with the company. Cherian, 48 years old, joins SL Industries after serving since 1997 as corporate controller for Measure Specialties Inc. (Fairfield, NJ). He earned his BA […]
Beacon Power Corp. (Woburn, MA) issued an additional 1.2 million shares of common stock as a result of the exercise of the over-allotment option granted to the underwriters in the initial public offering. Proceeds from the exercise of the over-allotment option totaled $6,696,000, bringing total gross proceeds from the initial public offering from $44.6 million […]
MGE UPS Systems (Costa Mesa, CA) has been awarded Microsoft's Windows Millennium Edition (Me) Certification logo for its line of Pulsar Ellipse UPSs with USB or serial RS232 ports. With this certification, MGE's Ellipse UPSs are guaranteed to be compatible with the new Me operating system. MGE's new Ellipse UPSs offer plug-and-play installation while providing […]
Catalytica Inc. (Mountain View, CA) has announced the cash merger consideration in connection with Catalytica's acquisition by Synotex Co. Inc., a US subsidiary of DSM (Netherlands). Each stockholder of record at the close of business on December 15, 2000, will be receiving $10.14 in cash per share of Catalytia stock owned. In addition, those stockholders […]
AVX Corp. (Myrtle Beach, SC) announces the newly improved BestCap electrochemical supercapacitor. The AVX BestCap now offers a variety of voltage options...
DCH Technology Inc. (Valencia, CA) announced that Daido Metal Ltd. (Nagoya, Japan) and DCH's wholly owned subsidiary, Enable Fuel Cells Corp. have finalized their joint venture agreement. The announcement was made to the Asian press in Nagoya, Japan. DCH Chairman David Haberman and Daido President Segio Hanji formally launched the NeWave Fuel Cell Corp. (Japan) […]
Ballard Power Systems (Vancouver, BC) announced that it has commissioned its initial fuel cell manufacturing facility, Plant One. A 9,900 square-meter facility, Plant One is located adjacent to Ballard's corporate headquarters. Construction of Plant One was completed in October 1999, and the building was officially opened by Jean Chrétien, prime minister of Canada, in October […]
Catalytica Inc. (Mountain View, CA) has announced the distribution ratio for the spin-off of Catalytica Energy Systems in connection with Catalytica's merger with Synotex Co. Inc., a wholly-owned subsidiary of DSM (Netherlands). Each stockholder of record at the close of business on December 15, 2000, will receive 0.16547 of a share of Catalytica Energy Systems […]