Superlattice Power Inc. (SLAT.OB) Jumps 9% in Thursday Trading
Posted on Thursday, June 12th, 2008 | In Current Market News, OTCBB Markets, Small & Micro Cap, Stocks to Watch
Superlattice Power closed the day Thursday at $2.02 a share, an increase of 9.19%. Nearly 140,000 shares were traded; almost four times its average trading volume. This increase came the day following the release of the company’s quarterly 10Q report. In the report Superlattice Power disclosed that it has agreed to invest a minimum of $1.5 million in each of the next two years in development of technologies for lithium batteries.
Superlattice Power is focused on devoting its resources and efforts to develop and market lithium-powered batteries. The batteries are then used in vehicles and products for both residential and commercial applications. They are being used by partnered companies, such as Hybrid Technologies, to power emission free electric vehicles. Operations between the two companies are smooth and effective because they have the same goal in mind, and Superlattice Power actually rents out 5,000 square feet of Hybrid Technologies’ North Carolina facility. The hope for the companies is to extend the life and range of batteries for electric vehicles.
Superlattice power has experimented with shapes, sizes and materials for their products to increase battery life and power. They have made considerable progress in advancing the next generation lithium-powered batteries. The superlattice structure is a hexagonal structure and can accommodate more Lithium and therefore more energy. The elements and more specifically transition metals used have been selected precisely to make superlattice cathode materials safe, environmentally friendly and less expensive.
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