UnitedTechnologies is a fuel cell leader, and David Parekh, director of the UnitedTechnologies Research Center, says that expertise has allowed the company to improve the energy density of a standard flow battery by 10 times, albeit on a small scale.
Wine, a veteran of AlliedSignal , Danaher and UnitedTechnologies, joined the company as CEO in September 2008, just two weeks before Lehman Brothers collapsed.
Fellow blue-chip UnitedTechnologies got a lift from strong earnings of its own, and investors brushed aside a shaky forecast from the company to send shares up 6.1%.