Ener1 will be exempt from bankruptcy, and it will conduct equity financing to support the company's normal operations. In addition, the shareholders who currently hold the company’s senior notes and convertible notes have agreed to restructure the debt-to-equity swaps. After the reorganization plan goes into effect, Ener1’s existing common stock will be cancelled and it will reissue ordinary and preferred stocks.
On January 27 this year, after fierce competition and the loss of a major customer, American battery maker Ener1 applied to the Manhattan Court for bankruptcy protection under Chapter 11 of the US Bankruptcy Code.
According to court documents, Alex Sorokin, Ener1's interim chief executive, said that the company faces increased competition from other battery makers, such as Toyota Motor and rivals in China and Korea, whose production costs are lower.
Alex Sorokin also stated that the bankruptcy of Think Global in June 2011 caused damage to the company. Think Global was a major customer of the company and its bankruptcy led to the planned restatement of the financial report by Ener1.
Pneumatic cylinders (sometimes known as air cylinders) are mechanical devices which use the power of compressed gas to produce a force in a reciprocating linear motion.
Like hydraulic cylinders, something forces a piston to move in the desired direction. The piston is a disc or cylinder, and the piston rod transfers the force it develops to the object to be moved. Engineers sometimes prefer to use pneumatics because they are quieter, cleaner, and do not require large amounts of space for fluid storage.
Because the operating fluid is a gas, leakage from a Pneumatic Cylinder will not drip out and contaminate the surroundings, making pneumatics more desirable where cleanliness is a requirement. For example, in the mechanical puppets of the Disney Tiki Room, pneumatics are used to prevent fluid from dripping onto people below the puppets.
Once actuated, compressed air enters into the tube at one end of the piston and, hence, imparts force on the piston. Consequently, the piston becomes displaced (moved) by the compressed air expanding in an attempt to reach atmospheric pressure.
Although pneumatic cylinders will vary in appearance, size and function, they generally fall into one of the specific categories shown below. However there are also numerous other types of pneumatic cylinder available, many of which are designed to fulfill specific and specialized functions.
Pneumatic Cylinder
Single Acting Cylinders, Telescoping Cylinder, Double Acting Cylinders, Telescoping Pneumatic Cylinder
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