SolRayo, a subsidiary company of Enable IPC, has successfully completed a project on the Small Business Technology Transfer (STTR) grant that is being funded by the National Science Foundation (NSF) SBIR/STTR program.
SolRayo received the award amounting $150K for developing a new technology based on nanoparticles. This nanoparticle-based technique focuses to overcome the disadvantage of specific lithium batteries whose performance is being degraded in certain applications, especially at high operating temperatures. The life cycle of lithium batteries is enhanced by a factor of three by the simple and economical technology developed by the company.
STTR is an important small-scale business program funded by the U.S. government. This program focuses to increase funding opportunities to create innovations in the research and development field. STTR program’s objective is to completely transfer of products and the technologies to the market area. By this commercialization, the small business gains profit, thereby increasing the U.S economy. After receiving approval from NSF for the Phase I Project, SolRayo is working to receive approval for its Phase II project that aims to completely commercialize the technology.
Dr. Mark Daugherty, CEO of SolRayo stated that the life cycle of lithium battery can be increased substantially by utilizing the nanoparticle coating developed by the company. This provided wide market opportunity in several areas, especially in transportation, remote power, and military applications, he added. Kevin Leonard, SolRayo’s CTO stated that Phase I program proves that the degradation of cathode materials present in these batteries can be prevented by applying nanoparticle coating to any of its important part.
Source: http://www.enableipc.com