Mechanical Technology Inc. (Albany, NY) announced the appointment of Shimshon Gottesfeld as the chief technology officer and vice president of research and...
GreenVolt Power Corp. (Ontario, Canada) announced the appointment of Jeric Gu as supervisor of in-house alkaline fuel cell development programs. Gu most recently served as research and development manager for Beijing Century Fuyuan Fuel Cells Co. Ltd. (Beijing, China), with a particular focus on alkaline fuel cell applications for electric vehicles and mobile phones. He […]
Power-One Inc. (Camarillo, CA), has announced that it has consummated the acquisition of Norwegian-based Powec AS, a leading supplier of power systems for major service providers and equipment manufacturers in the telecommunications industry.Power-One paid approximately $70 million in cash and approximately 127,000 shares of Power-One common stock for all of the common stock of Powec. […]
Power-One Inc.'s (Camarillo, CA) board of directors declared a three-for-two stock split of the company's common stock at its meeting, May 9, 2000. The stock split will be effected in the form of a 50-percent stock dividend payable June 2, 2000, to stockholders of record May 24, 2000. The dividend will increase the number of […]
MagneTek (Nashville, TN) fuel cell power conditioners have begun providing electricity for the new Conde Nast building in New York City. The 48-story office tower is expected to be the first newly constructed building to earn an Energy Star label from the US Environmental Protection Agency. The fuel cells were supplied by International Fuel Cells […]
The US Fuel Cell Council (USFCC, Washington, DC) has added eight new member companies to its roster. The council serves as the trade association for the fuel cell industry and membership includes virtually all the major developers of fuel cell technology, key industry suppliers and potential customers. The following members were approved at the USFCC […]
American Power Conversion (West Kingston, RI) has introduced the power-protection industry's first proactive UPS inventory management and reporting tool for groups of UPSs on a network. The PowerChute Inventory Manager enables network administrators to increase the availability of their network by proactively maintaining the health and efficiency of their UPS system. PowerChute offers administrators the […]
SatCon Technology Corp. (Cambridge, MA) has reported a 106-percent increase in revenues for the second quarter for the period ending March 31, 2000. Revenues for the second quarter increased by $3.8 million to $7.5 million versus $3.7 million in the second quarter of 1999. Revenues for the first six months of 2000 increased by $4.7 […]
Maxwell Technologies Inc. (San Diego, CA) and Onemocall (Korea) have signed an agreement to integrate Onemocall's microgenerators and power-management circuits with Maxwell's PowerCache ultracapacitors. The companies hope to develop energy generation and storage systems to power cellular telephones, flashlights, toys, personal digital assistants and other hand-held devices that currently use rechargeable batteries. Maxwell will take […]
Exide Technologies (Reading, PA) has entered into an agreement to acquire the global battery business of Pacific Dunlop Ltd. (Austrailia), including its US subsidiary GNB Technologies (Atlanta, GA), for approximately $368.0 million. The payment included $333.0 million in cash and four-million Exide common shares. "While this transaction is still subject to careful examination," said Robert […]
Manhattan Scientifics Inc. (Los Alamos, NM) has received a contract from the US Army to design and build a fuel cell power source to be used in an Army test program on battery replacement in portable communications equipment. The fuel cell will be based on Manhattan's proprietary mid- range power technology (2kW to 3kW) developed […]
Revenues for the first quarter of 2000 were $2.9 million for Plug Power Inc. (Latham, NY). This figure compares to first-quarter 1999 results of $1.7 million. Net loss for the first quarter of 2000 was $17.2 million, or $0.40 loss per diluted share, as compared to $6.5 million, or $0.32 diluted loss per share, for […]
Shareholders of ThermicEdge Corp. (Calgary, Alberta) approved the acquisition of all of the outstanding securities of Fuel Cell Technologies Ltd. (Kingston, Ontario) on May 5, 2000. The new company will go by the name Fuel Cell Technologies Corp. (FCTC). FCTC will continue to develop and market its existing line of aluminum-oxygen fuel cells for underwater […]
UniDyn Corp. (Phoenix, AZ) has signed a memorandum of understanding to merge with Clean Energy Technologies Inc. (CET). The merge with CET will give UniDyn entry into the fuel cell energy business through a worldwide exclusive license to use fuel cell technology being developed at the Jet Propulsion Laboratories of the California Institute of Technology. […]
SL Industries Inc. (Mt. Laurel, NJ) announced a 45-percent increase in revenue for the first quarter, ending on March 31, 2000. SL's first-quarter results of $43,537,000 has set a new record for the period. Net income for the first period was $548,000 or $0.09 per diluted share, which included a $24,000 restructuring charge. These results […]