Enable IPC Corporation (PINKSHEETS: EIPC) announced today that its subsidiary, SolRayo, has commenced work on its recently awarded STTR grant from the National Science Foundation (NSF) SBIR/STTR Program.
The work will continue through June 30, 2011 and is being performed under the guidance of SolRayo's Director of Battery R&D, Dr. Walter Zeltner and in collaboration with the University of Wisconsin. SolRayo is developing new nanoparticle-based materials for commercial use in various renewable energy, industrial, consumer and automotive applications. The objective of the awarded grant is to address an issue concerning the degradation of performance of certain lithium batteries, particularly in high temperature applications.
SolRayo CEO Dr. Mark Daugherty said, "Our research into this technology suggests that battery life can be significantly expanded by using a simple, inexpensive nanoparticle coating process we have been developing. This could mean a large market opportunity for us in a number of areas, most particularly in military, remote power and transportation applications."
Kevin Leonard, Chief Technology Officer at SolRayo, commented, "Our initial research shows that our process inhibits the degradation of battery cathode materials, especially at higher operating temperatures. This means that a battery's life could be extended significantly by applying an inexpensive, nano-based coating to one of the battery's key components."
Source: Enable IPC Corporation