Fuel Cell industry news provided by Financial News USA (OTC: FNWU). Power Air Corporation (OTC BB: PWAC) recently announced that it has entered into a Collaboration Agreement with Schrader Bridgeport International to commercialize a zero-emission, back-up power generator suitable for indoor and outdoor use and powered by Power Air's Zinc Air Fuel Cell (ZAFC) technology. For the full StocksJournal report for Power Air, go to www.stocksjournal.com. American Power Conversion (Nasdaq: APCC), a world leader in power availability and protection solutions, recently provided ten tips for protecting a home and home office against damaging power spikes and blackouts. The company's announcement coincides with the start of National Lightning Safety Awareness Week. The National Oceanic and Atmospheric Administration (NOAA), through the National Weather Service (NWS) Office of Climate, Weather, and Water Services, will help celebrate the fourth annual National Lightning Safety Awareness Week from June 18 through 24, 2006.
Honeywell (NYSE: HON) announced recently that it has licensed LG Electronics Inc. (LGE) to use twelve of its Global Positioning System (GPS), Vehicle Navigation, and Driver Interface patents for certain automotive OEM and aftermarket applications. "Honeywell is a world leader in aviation navigation and pilot awareness technology and continues to invest millions of dollars in research and development in these safety-critical areas," said Frederic Ramioulle, VP, Business Innovation Center, Honeywell International Inc. Capstone Turbine Corporation (Nasdaq:CPST) granted an inducement stock option to Larry Colson, its new Vice President of Human Resources. The option covers 200,000 shares of the Company's common stock. This option was granted without stockholder approval pursuant to NASDAQ Marketplace Rule 4350 (i)(1)(A)(iv) under the following terms: non-qualified stock option, exercise price equal to the closing price on the day prior to the grant date, ten-year duration, and vesting 25% after 1st year and 1/48th monthly thereafter.
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