Nano-Terra, Inc., a leading surface engineering and nanotechnology co-development company, today announced an alliance with Exide Technologies (NASDAQ: XIDE, www.exide.com), a global leader in stored electrical-energy solutions.
Nano-Terra will use its expertise in surface chemistry and surface engineering to create a number of innovative functionalities for stored energy solutions manufactured by Exide for motive power, network power and transportation applications. Further, the alliance is expected to provide Exide Technologies the opportunity to improve both the efficiency and competitiveness of its product portfolio.
The solutions under development in this collaboration are based on the surface engineering methods pioneered by Nano-Terra and its Co-Founder, Professor George M. Whitesides of Harvard University.
“As the world moves toward the development of increasingly more efficient energy technologies, we look forward to working with Exide to bring about significant improvements in energy storage through our nanotechnology portfolio and expertise,” said Myer Berlow, CEO of Nano-Terra. “Exide has a long tradition of being on the cutting edge of new technology advancements, and we are very pleased that the Company recognizes the important role that nanotechnology can play in this arena.”
The two companies will collaborate on product development at Nano-Terra’s lab facilities in Cambridge, Massachusetts. Both Nano-Terra and Exide currently anticipate that the first new product solutions will be presented to customers by 2011.
“A growing global interest in advanced lead-acid chemistries and alternate energy sources is driving our development into new products and technologies that will shape the energy storage systems of tomorrow,” said Dr. Paul Cheeseman, Vice President, Global Engineering and Research for Exide Technologies. “Exide is one of the world's largest producers and recyclers of lead-acid batteries and the first in our industry to collaborate with Nano-Terra. This strong collaboration will allow our Company to draw upon unique nanotechnology resources to implement innovative energy solutions for the global marketplace.”