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IMPCO Reports Q4 and FY2005 Results

IMPCO Technologies, Inc. (NasdaqNM:IMCO) has reported results for its fourth quarter and year ended December 31, 2005, reflecting contributions from the full consolidation of its BRC acquisition beginning in the second quarter of 2005. “Our focus in 2005 was on the integration of BRC, streamlining our business operations and on cost-reduction initiatives necessary to return the company to profitability. With these activities now nearing a close, we will bring a strict focus to our core business operations and markets. As we look forward, we see growing interest in our alternative fuel products driven by broad economic, political, and environmental initiatives on a global basis, and we look forward to capitalizing on the significant opportunities available to IMPCO as the company’s strategic plan is implemented,” said Mariano Costamagna, president and CEO. Revenues during the fourth quarter of 2005 increased 91.5 percent to $51.9 million from $27.1 million in the same period a year earlier primarily due to the addition of BRC revenues. The company reported a net loss for the 2005 fourth quarter of $0.5 million, or $0.02 per share, compared with a net loss of $17.9 million, or $0.96 per share, a year ago. Revenues for the year ended December […]

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Medis Announces Fuel Cell Performance Breakthroughs

Medis Technologies Ltd. (NASDAQ:MDTL) has announced recent breakthroughs in its fuel cell technology that enable it to achieve new heights in the level of power and performance life from its proprietary fuel cells. Medis has already successfully tested prototype demonstrators of external power chargers for Notebook computers capable of providing over 15 watts and up to 12 volts of steady power over a period of 12 hours from a single fueling. This is a new platform with higher capabilities of power that allow the Company to address additional markets requiring even greater power than its present Power Pack product. Such new markets include laptops, Ultra Mobile PC (UMPC) products, as well as in-home and in-office VoIP power-up systems and stationery power for home use. This is a significant leap forward in power capability over its present disposable consumer Power Pack product for cell phones and other hand held devices which provides 1.3 watts and up to 5.6 volts and its military tablet Power Pack which provides 8 watts and 5 volts. “These new developments represent important extensions of the capabilities of our fuel cell technology,” said Robert K. Lifton, Chairman & CEO of Medis Technologies, Ltd. “We remain focused on […]

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Bill Introduced in Congress Would Cap Carbon Emissions

U.S. Representatives Tom Udall, D-NM, and Tom Petri, R-WI, have introduced the “Keep America Competitive Global Warming Policy Act of 2006,” in an effort to put the United States on the road toward curbing global warming. Udall and Petri say that it is time for America to take steps to address global warming. “Our bill is modest, certain and efficient,” the Representatives said. “It begins to slow the growth of greenhouse gases, but minimizes the negative impacts to the U.S. economy.” In fact, they say, the legislation will spur innovation and keep America as a leader in global technology. “Having a policy to slow the growth of greenhouse gas emissions with the goal of first stabilizing and then ultimately reducing emissions would be a major and positive step forward.” The bill sets a prospective baseline for greenhouse gas allowances. This would base the number of allowances at the outset of the program on the level of emissions three years following the enactment of the legislation. By being prospective, it gives the regulated industries the ability to plan ahead and not prematurely retire capital stock. The Udall-Petri legislation includes a policy device known as a safety valve. The safety valve, initially […]

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Americans Willing to Fight Global Warming

URL: http://www.fox23news.com/news/national/story.aspx?content_id=A54A1195-172C-4D9E-B434-32AFC02560A0 Website: http://www.fox23news.com/news/national/story.aspx?content_id=A54A1195-172C-4D9E-B434-32AFC02560A0     

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Americans Willing to Fight Global Warming

URL: http://www.fox23news.com/news/national/story.aspx?content_id=A54A1195-172C-4D9E-B434-32AFC02560A0 Website: http://www.fox23news.com/news/national/story.aspx?content_id=A54A1195-172C-4D9E-B434-32AFC02560A0     

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