|
IQ Power spawns new company January 2003 Power Technology, Inc the Canadian end of German-based IQ Power, has in conjuntion with British Columbia Research government agency created a new battery company called "NXCELL Batteries, Inc.", an advanced battery technology company, which still has lead at its heart. Power Technology Inc. maintains 65% ownership of the newly formed business with the remaining 35% held by BC Research, a subsidiary of NORAM Engineering & Constructors Ltd., which will pay an additional fee of US$120,000 per year to Power Technology over the next three years. NXCELL is expected to attract government funding, tax credits and private venture capital with immediate revenue opportunities via military, marine and other special power applications, where the technology will be proven on a batch production basis. The goals of the new company will be: To create a world class company and development team with access to international companies using and distributing batteries, and focused in the short term on opportunities for hybrid electric and mini-hybrid (42 volt) electric hybrid vehicle applications. To develop and commercialize the advanced performance battery technology concepts currently under development by Power Technology Inc. in conjunction with BC Research. To finance the company from private placements, strategic partners and government incentive programs. To add other contingent advanced battery and energy storage system technologies presently at the conceptual stage at BC Research. Independent evaluation performed by Catella Labs of Sweden and development work done by BC Research confirm the superior performance-approximately 85% increase in power/energy over present lead-acid technology-of Power Technology`s battery. A battery that charges faster, is inexpensive and also significantly lighter (using about 20% of the lead of a regular lead-acid battery) could help make possible a strong selling all-electric commuter vehicle. (Now where else have we heard that-ED). Batteries International Tel: +44 (0) 20 7779 8024/8718 Fax: +44 (0) 20 7779 8353 Nestor House, Playhouse Yard, London EC4V 5EX |
|
| aus der Diskussion: | ______IQ Power Techn.__2003__Fakten, Gerüchte und Spekulationen__ |
| Autor (Datum des Eintrages): | madtom (09.04.03 08:46:31) |
| Beitrag: | 8 von 913 (ID:9121430) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |