Holdings, Inc. (OTC BB: APNT) announced that it has been awarded a Phase
I contract by the US Army under the Small Business Innovation Research (SBIR)
program to develop a battery anode using a novel silicon nanostructure material
for rechargeable lithium-ion batteries. The amount of the contract is $100,000.
Lithium-ion batteries, which make up over seventy-five percent of the multi-billion
dollar rechargeable battery marketplace, currently use carbon anodes. The innovative
technology that ANI is developing to replace the carbon anodes will improve
batteries’ charge capacity, micro-scale charge conduction, and energy
density resulting in a longer life battery that can withstand more charge cycles.
ANI will leverage its expertise in making silicon nanoparticles (Issued US
Patent 7531155), ink development, and ink processing to demonstrate the feasibility
of a nano-Si anode with remarkably increased charge capacity and performance
during the six month Phase I SBIR program. “Utilizing several of our patents
and patent pending technologies, we have identified a solution enabled by nanotechnology
that addresses an existing problem in a very large market arena” said
Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc.
“We are continuing to focus our efforts on using our technology to develop
cost effective methods to provide environmentally advantageous solutions that
have substantial market value. Improving rechargeable batteries and extending
battery life is a perfect example of this strategy,” said Doug Baker,
CEO of Applied Nanotech Holdings, Inc.