Y-Carbon, Inc. announced
that it has been awarded a Department of Energy (DOE) Small Business Innovation
Research (SBIR) phase I grant. The grant comes as part of over $18 million in
recently announced funding from the American Recovery and Reinvestment Act to
support small business innovation research, development, and deployment of clean
energy technologies. In this first phase of funding, Montgomery County based
Y-Carbon was awarded $149,938 to continue its work developing nanotechnology
for breakthrough performance in fields of energy.
"We are excited to have received this grant and support from the DOE.
This will help us create sustainable jobs in the region as well as assist us
with commercializing our technology, and assisting our clients," says James
Horan, CEO of Y-Carbon, Inc.
Dr. Ranjan Dash, CTO of Y-Carbon, Inc., says that with the support from the
SBIR Program, Y-Carbon, Inc. will continue the performance enhancement of its
carbon material to be used in energy applications such as supercapacitors, natural
and carbon dioxide gas storage.
"We are honored to have received this award. It has allowed us in a very
short time to increase our staff from 5 employees to 8 employees," added
Y-Carbon is a materials manufacturing company which has obtained broad and
exclusive rights to intellectual property related to tunable nanoporous carbon,
a high-precision nanomaterial with a large pore volume and a high specific surface
area. Y-Carbon, Inc. operates from its corporate headquarters and research labs
in King of Prussia, PA. Y-Carbon's products provide the world with clean energy,
safe drinking water, and improved health care. Y-Carbon is a portfolio company
of Pennsylvania NanoMaterials Commercialization Center and The Nanotechnology
Institute of Ben Franklin Technology Partners. The technology recently received
the R&D 100 Award, the MIT’s TR35 Award and was listed as a Company
to Watch by the Eastern Technology Council.