Avista Corp. (Spokane, WA) technology subsidiary, Avista Labs, announced the issuance of US Patent 6,096,449 covering 73 claims for the electronic-control system that significantly enhances the performance of its modular, cartridge-based, proton-exchange membrane fuel cell. The new patent covers the control schemes that maximize the output of each modular cartridge and has been under review […]
Members of the Exide Corp. (Reading, PA) board of directors have voted a corporate cash dividend for its first fiscal quarter of $0.02 per share of common stock, payable September 15, 2000, to shareholders of record on September 5, 2000.Exide Corp., following its planned acquisition of GNB Technologies, plans to have annual revenues of approximately […]
Proton Energy Systems Inc. (Rocky Hill, CT) announced the appointment of Thomas Maloney as Business Development Manager focusing on energy markets. Maloney brings 15 years experience in regenerative fuel cell systems development for commercial, aerospace and military applications with prior experience at Eltech Systems, Argonne National Laboratory and the NASA Glenn Research Center.Fred Mitlitsky also […]
FuelCell Energy Inc. (Danbury, CT) reported revenues of $4,112,000 for the third quarter ended July 31, 2000, compared with revenues of $4,416,000 in the same quarter of the previous year. Net loss for the period was $1,307,000, or $0.17 per diluted share, compared with a net loss of $386,000, or $0.06 per diluted share, for […]
Fuel Cell Technologies Corp. (FCT, Kingston, Ontario) has issued its report to shareholders, which includes a description of aspects of the operations of FCT and the financial results for the six months ended June 30, 2000. On May 5, 2000, FCT's corporate reorganization was completed and trading in common shares opened on May 19, 2000. […]
Ballard Power Systems (Vancouver, BC) announced that its subsidiary, Ballard Generation Systems, has delivered its third 250kW stationary fuel cell power generator for field testing through its associated company Alstom Ballard to Elektra Birseck (Basel, Switzerland). This power generator, which uses Ballard fuel cells, will be tested by Elektra Birseck at their corporate headquarters. "In […]
GE MicroGen (GEMG, Latham, NY) announced that it has added two new energy partners to its global fuel cell distribution network. "Soroof Trading Development Company (Al-Khobar, Saudi Arabia) will represent our fuel cell product line in Saudi Arabia, and RahimAfrooz Batteries Ltd. (Dhaka, India) will distribute our product in Bangladesh," said Barry Glickman, president of […]
The 16th Annual Battery Conference on Applications and Advances will be held January 9-12, 2001, in Long Beach, CA. The conference, sponsored by the Department of Electrical Engineering, California State University, Long Beach, will feature two parallel tracks of 11 technical sessions each examining the analysis, design and selection of batteries and power conditioners that […]
SL Industries Inc. (Mt. Laurel, NJ) announced that revenue for the second quarter ended June 30, 2000, increased 33 percent to $44,144,000, a new record for the period, from $33,151,000 for the second quarter of 1999, and $43,537,000 for the first quarter of 2000. Net income for the second quarter was $796,000, or $0.14 per […]
Plug Power Inc. (Latham, NY) shares dropped eight percent after the company announced the resignation of Gary Mittleman as president, CEO and director. The company stated that Greg Silvestri, its executive vice president of operations, has been appointed COO, adding that he will manage the everyday operations until Plug Power finds a new president and […]
DCH Technology Inc. (DCHT, Valencia, CA) issued its progress report to shareholders along with second-quarter earnings for the period ended June 30, 2000. Revenues reported for the second quarter of 2000 were $265,756, compared with $50,551 for the same period 1999, an increase of 426 percent. Revenues for the first six months of 2000 were […]
FuelCell Energy Inc. (Danbury, CT) announced that its board of directors has declared a 100-percent stock dividend on its common stock, having the effect of a two-for-one stock split. Stockholders of record on September 6, 2000, will be entitled to one additional share of common stock for each share of the company's common stock held […]
Aluminum-Power Inc. (Toronto, Canada) announced that its aluminum-air battery delivered unprecedented power output in recent commercial tests in a cellular phone. "In actual operating conditions, the aluminum-air fuel-cell-based battery delivered ground-breaking performance, powering a cellular phone to eight hours of talk-time and 5.5 days in standby mode," said Rafael Ferry, vice president of marketing for […]
DCH Technology Inc. (DCHT, Valencia, CA) announced that the Electric Power Research Institute PEAC Corp. (EPRI PEAC, Palo Alto, CA) has purchased a state-of-the-art power quality system from DCHT's wholly owned subsidiary, Enable Fuel Cells Corp. (Middleton, WI). EPRI PEAC purchased the Enable system after a comprehensive analysis of alternative fuel cell systems, and demonstrated […]
SatCon Technology Corp. (Cambridge, MA) reported financial results for the third quarter ended June 30, 2000. Revenue for the third quarter increased by $4.6 million, or 112 percent, to a record $8.7 million versus $4.1 million in the third quarter of 1999. Revenue for the first nine months of 2000 increased by $9.3 million, or […]