Superlattice Power Inc. (SLAT.OB) Acquires Electrochemical Equipment with Plans to Target Fortune 500 Companies for Prototype Review
Source: http://Blog.QualityStocks.net/?p=15303Posted on Wednesday, May 13th, 2009 | In Market Commentary, Small & Micro Cap
Superlattice Power Inc. develops rechargeable lithium ion batteries for a wide range of applications, including portable electronics like laptops and electric vehicles. The company has expanded from laboratory scale to industrial scale through ramped up production and development.
The company recently announced the acquisition of equipment used in electrochemical analysis and cell manufacturing. The equipment will allow the company to generate advanced lithium-ion batteries and electrode materials.
As the market for rechargeable systems expands, Superlattice Power said the acquisition will allow it to target Fortune 500 companies. After manufacturing portable lithium-ion battery prototypes at its Mooresville facility, it will then deliver them to the companies for review.
The company previously announced that its scientists designed cathodes (which are the most expensive part of lithium batteries) to be more cost effective and even comply with eco-friendly standards. According to the company, the manufactured electrode materials have the potential to generate more energy to electronic devices and UPS systems than ever before.
According to its Web site, the company has teamed with EV Innovations Inc. (EVII.OB) to conduct further research and development for mass production of cathode technology, which will allow Superlattice to reach a wider range of markets through more product offerings.
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cathode ;, cathode technology, Electrochemical Equipment;, energy, EV Innovations Inc.;, Market Commentary, Mooresville facility;, portable electronics;, rechargeable lithium ion batteries;, rechargeable systems;, Small & Micro Cap, Superlattice Power Inc.
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