Wednesday, August 26, 2009

Superlattice Power, Inc. (SLAT.OB) Moves Forward With Manufacturing Plans

Superlattice Power, Inc., emerging leader in the development of the next generation of batteries for electric and hybrid vehicles, is continuing with their recently announced plans to establish a manufacturing unit for their advanced lithium ion polymer batteries. The company is working with an unnamed Asian company to set up the first pilot scale production unit in Mooresville, North Carolina. The plant is expected to have an initial production capacity of 36,000 cells per year, enough to supply 450 electric vehicles. Once fully operational, the plant is targeted to produce approximately 100,000 cells annually.

The advantage of Superlattice’s advanced battery is the use of a cathode material that has a superlattice molecular structure, giving the battery a significant new potential for increased energy. Superlattice has developed a cathode material for lithium ion batteries with a capacity of nearly 1.5 times currently available cathode materials. The new battery is being developed to allow an electric car to go up to 200 miles on a single charge, while still being lightweight, smaller, safer, and less expensive than conventional designs. The company has also developed a unique and proprietary chemical process for the industrial scale production of the high-purity nano cathode materials required for the battery.

In general, cathode materials are the most expensive part of lithium-ion batteries. Cathode materials can have different crystalline structures, including a series of superlattice structures. The superlattice structure allows more lithium to be stored, resulting in a higher energy density. The materials used by Superlattice have been carefully selected to ensure that they are safe, environmentally friendly, and more affordable. The fact that the company is also developing the technologies needed to produce the new cathode materials at industrial levels is critical to the future of the battery.

Superlattice Power Inc. is also working with EV Innovations Inc. (EVII) on the battery pack design, and has a contractual agreement with the company to supply the lithium ion batteries for their electric vehicles.

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