Ab Europositron Oy has been conferred the prestigious 2005 Frost & Sullivan Technology Innovation of the Year Award in the field of battery technologies.
"The company is lauded for its overall excellence in technology development, and in particular, its design and development of aluminium rechargeable batteries using innovative nanoscale electrochemistry technology," comments Frost & Sullivan Research Analyst Viswanathan Krishnan. "Moreover, this patent pending technology provides up to 20 times higher capacity than existing batteries and is set to revolutionise the global battery market."
Cutting-edge materials research has underpinned the development of 'Europositron' nanoscale electrochemistry technology, which tackles key battery challenges such as recharging, energy density and environmental profile.
"For years my intention was to develop a battery which could give a better change to increase the use of electric vehicles" says Finnish inventor Rainer Partanen. "The problem has been insufficient source of power. When I finally found out the solution, it surprised even me because materials are harmless and recycleable. Now we have arranged a global issue of shares to finance completion of the prototypes, international patenting and groundwork for license business."
Europositron-based batteries are capable of being manufactured with minimal changes in existing manufacturing processes. With a theoretical energy density of 2,100 Wh/litre, cycle time of more than 3,000, an operating temperature range of minus 40 to 70 degrees centigrade, life expectancy of 10 to 30 years and the use of abundantly available aluminium, this technology promises to transform the global battery market.
"The company's achievement of having detailed specifications on cell construction and electrochemistry and of having applied several patents in Finland (and intentions filing across the globe) reflects its commitment to research and technology innovation," notes Mr. Krishnan. "Once prototype development is successful, Europositron plans to license its technology to automotive and auto component companies globally."
Already, Europositron's technology is being considered across a wide spectrum of applications ranging from tiny button batteries to high capacity standby power supplies. The earliest large-scale applications of Europositron's technology are expected to be for electric vehicles. Data reveals that low weight, high performance batteries based on Europositron's technology would offer a considerable advantage over conventional lead batteries in terms of reducing the weight of the vehicle and in facilitating greater mileage.
http://www.europositron.com/
Posted 23rd March 2005
