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Batteries/Nickle-zinc 050624
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 PowerGenix, Inc. of San Diego, California enters agreement withShenzhen Grepow Battery Company of China for high volume production of its Nickel-zinc batteries. PowerGenix’s Nickel-zinc batteries can be manufactured utilizing Nickel-cadmium processes, techniques and equipment.  Because of these factorss , the time to market can be reduced, and costly  new equipment design steps can be eliminated.   PowerGenix’s  initial products will target high discharge applications such as cordless power tools as well as military applications; the company  has longer term plans to enter other markets, including uninterruptible power supplies (UPS).
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 (March 2004) Evercell plans to deregister its common stock on the NASDAQ.  “The board of Directors of the Company has been examining the question of whether remaining a publicly-traded company merits the associated costs and regulatory burden,” stated Garry Prime, CEO.   Shareholders who wish to sell or buy stock can continue to do so in the public market prior to the filing of the Form 15 for delisting.  

In addition to the loss of liquidity that will occur upon deregistration, the specific disclosure requirements intrinsic to the period and current reporting requirements of the Exchange Act will no longer apply to the Company.  Although the Board of Directors can continue to communicate with existing shareholders, the Company will no longer be required  to observe the specific form,  frequency or priority prescribed by the Exchange Act.

Evercel, Inc. manufacturers Nickel-zinc rechargeable batteries for  applications in light electric vehicles, trolling motors for boats and lawn mowers.

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(January 2004)  Evercell plans to deregister its common stock on the NASDAQ.  “The board of Directors of the Company has been examining the question of whether remaining a publicly-traded company merits the associated costs and regulatory burden,” stated Garry Prime, CEO.   Shareholders who wish to sell or buy stock can continue to do so in the public market prior to the filing of the Form 15 for delisting.  

In addition to the loss of liquidity that will occur upon deregistration, the specific disclosure requirements intrinsic to the period and current reporting requirements of the Exchange Act will no longer apply to the Company.  Although the Board of Directors can continue to communicate with existing shareholders, the Company will no longer be required  to observe the specific form,  frequency or priority prescribed by the Exchange Act.

Evercel, Inc. manufacturers Nickel-zinc rechargeable batteries for  applications light electric vehicles, trolling motors for boats and lawn mowers. +
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(April 2002) Panasonic introduces AA-size Nickel-zinc battery for digital cameras. This is the first of its kind to be introduced in the U.S. consumer marketplace. This battery is designed to provide longer-lasting power than high-drain Alkaline batteries. In a series of real-life tests conducted for Matsushita Battery Industrial Company Ltd., the new Panasonic battery was pitted against the AA-size high drain Alkaline batteries most frequently used in digital cameras - Duracell M3 and Energizer E2. Using digital cameras from the top six manufacturers , shots with flash were taken every 30 seconds until battery power was exhausted. The number of shots taken when using the Nickel-zinc Panasonic battery, on average, surpassed those using the Duracell M3 by 27 percent and Energizer E2 by 47 percent. In these tests, the Panasonic battery enabled the consumer to gain an average of greater than 50 additional shots over Duracell M3 and Energizer E2.
Power needs for the digital camera market are escalating. Sales of digital still cameras are estimated to reach 8,274,000 units in 2002, an increase of 29 percent over last year.


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