London, 22. March 2005 - Ab Europositron Oy has been conferred the prestigious 2005 Frost & Sullivan Technology Innovation of the Year Award in the field of battery technologies.
"The company is lauded for its overall excellence in technology development, and in particular, its design and development of aluminium rechargeable batteries using innovative nanoscale electrochemistry technology," comments Frost & Sullivan Research Analyst Viswanathan Krishnan. "Moreover, this patent pending technology provides up to 20 times higher capacity than existing batteries and is set to revolutionise the global battery market."
Cutting-edge materials research has underpinned the development of 'Europositron' nanoscale electrochemistry technology, which tackles key battery challenges such as recharging, energy density and environmental profile.
"For years my intention was to develop a battery which could give a better change to increase the use of electric vehicles" says Finnish inventor Rainer Partanen. "The problem has been insufficient source of power. When I finally found out the solution, it surprised even me because materials are harmless and recycleable. Now we have arranged a global issue of shares to finance completion of the prototypes, international patenting and groundwork for license business."
Europositron-based batteries are capable of being manufactured with minimal changes in existing manufacturing processes. With a theoretical energy density of 2,100 Wh/litre, cycle time of more than 3,000, an operating temperature range of minus 40 to 70 degrees centigrade, life expectancy of 10 to 30 years and the use of abundantly available aluminium, this technology promises to transform the global battery market.
"The company's achievement of having detailed specifications on cell construction and electrochemistry and of having applied several patents in Finland (and intentions filing across the globe) reflects its commitment to research and technology innovation," notes Mr. Krishnan. "Once prototype development is successful, Europositron plans to license its technology to automotive and auto component companies globally."
Already, Europositron's technology is being considered across a wide spectrum of applications ranging from tiny button batteries to high capacity standby power supplies. The earliest large-scale applications of Europositron's technology are expected to be for electric vehicles. Data reveals that low weight, high performance batteries based on Europositron's technology would offer a considerable advantage over conventional lead batteries in terms of reducing the weight of the vehicle and in facilitating greater mileage.
Ab Europositron Oy
In 1989, Ab Europositron Oy, a private company from Finland, was founded to continue and register inventor Rainer Partanen's 12-years research work to develop aluminium battery. At the beginning of nineties the solution was found and then began 10-years development period. Rainer Partanen has progressed the theory to the point of detailed specifications of cell construction, the nano electrochemistry involved and has applied patents in Finland covering all the necessary areas. In spring 2005 at the beginning of April company arranges globally a special issue of 1 600 shares to finance prototype program, global patenting and groundwork for license business. When scheduled prototype program is completed and the results verified, company starts to sell manufacturing licenses financing the future with initial licensing fees and royalties. Sales estimate for years 2007-2011 is approximately 162 Million Euros.
More about Ab Europositron Oy at http://www.europositron.com/en/index.html.
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