3W Power S.A., the holding company of AEG Power Solutions, a global specialist provider of power electronic systems and solutions for industrial power supplies and renewable energies, has been informed by Andrem Power of its decision to make a voluntary public takeover offer for all outstanding shares of 3W Power. Andrem Power is a company […]
Power Electronic Tips
Philips Joins EMerge Alliance Board
The EMerge Alliance – an open industry association leading the rapid adoption of safe, direct-current (DC) power distribution standards for commercial buildings – announced Philips is upgrading its membership from Participating Member to Governing Member, and is now a member of the Board of Directors. This is the first expansion of the Board since the […]
CUI Global Announces Up Listing to the NASDAQ Capital Market
CUI Inc.’s parent company, CUI Global, Inc., announced that the company is now listed and trading on the NASDAQ Capital Market. In conjunction with that listing, the company has completed a $10,000,000 equity raise with the assistance of its US Investment Banker, Merriman Capital, Inc. and its London advisor, Prosdocimi Ltd. The proceeds of the […]
NAATBatt Coalition Recommends Deployment of Distributed Energy Storage Systems
A coalition of 13 leading industrial companies and electric utilities, including General Motors Company, The Dow Chemical Company and Duke Energy, issued a white paper recommending the installation of up to 300 GWh of distributed energy storage (DES) systems around the country by 2022. DES systems consist of small, stationary batteries installed in neighborhoods, buildings, […]
XP Announces Annual Results for Year ended 31 December 2011
XP announced its interim results for the six-month period ended 30 June 2011. The company states that its strategy of developing and manufacturing its own range of products produced another year of record profits and earnings per share. Bookings decreased by 5% to €98.3 million (2010: €103.4 million) and revenues increased by 13% to €103.6 […]
Nanosolar Secures $20 Million in New Funds
Thin film solar printing specialist Nanosolar, Inc. announced that it has closed $20 million to fund continued expansion as well as newly committed projects. Current investors Mohr Davidow Ventures and OnPoint Technologies, Inc. participated in the round with new investor aeris CAPITAL. “We are excited to renew our investment and strongly believe in Nanosolar’s technology […]
Micro Power Receives UL 2054 Certification and CE Mark for IronWorks Iron-Phosphate Battery
Micro Power Electronics, Inc., a subsidiary of Electrochem Solutions, Inc., announced UL 2054 Certification and CE Mark for the IronWorks® battery, a patent-pending Iron-Phosphate battery solution, which serves as a drop-in replacement for Sealed Lead Acid (SLA) batteries. Manufacturers of mobile equipment can now achieve lighter weight, longer runtime and longer cycle life with the […]
Smith Electric Vehicles and Wanxiang Group Announce Investment and Joint Venture
Smith Electric Vehicles Corp. announced that it has signed a letter of intent with Wanxiang Group, a specialist in automotive parts manufacturing and supply. The principal terms include a $25 million equity investment in Smith by Wanxiang and up to a $75 million investment in a joint venture between Smith and Wanxiang to develop, manufacture […]
Legrand Group to Acquire Numeric Power Systems UPS Business
Electrical equipment majors, Numeric Power Systems Ltd. and Legrand Group announced that both the parties have signed definitive agreements whereby Legrand Group will acquire the UPS division of Numeric Power Systems Ltd. The association which is subject to customary statutory & regulatory approvals has already been recommended unanimously by the Board of Directors of Numeric […]
Maxwell Technologies Reports 2011 Financial Results; Announces At-the-Market Equity Offering
Maxwell Technologies, Inc. reported revenue of $42.5 million for its fourth quarter ended December 31, 2011, up 24 percent over the $34.2 million recorded in the same period in 2010. Revenue for the fiscal year ended December 31, 2011, totaled $157.3 million, up 29 percent over the $121.9 million recorded in fiscal 2010. Ultracapacitor revenue […]