SolRayo, Inc. Awarded Phase II NSF Grant
17 Abril 2012 - 10:00AM
Marketwired
SolRayo, Inc., a subsidiary of Enable IPC Corporation (PINKSHEETS:
EIPC), announced today that it has been awarded a National Science
Foundation Small Business Technology Transfer (NSF-STTR) Phase II
grant of $499,998 for the development of coatings to extend the
life of batteries.
This award builds on the successful NSF-STTR Phase I project
titled, "Using Nanoparticle Oxide Coatings to Extend Cycle Life of
Cathode Materials in Lithium-Ion Batteries." During the Phase I
research, this inexpensive and easy-to-apply coating was shown to
help increase the cycle life of certain rechargeable lithium ion
batteries by several times. This Phase II grant is designed to
allow the full commercialization of the product. The research and
technology is being developed in collaboration with the University
of Wisconsin in Madison.
Dr. Walter Zeltner, who will oversee the project at SolRayo and
serves as the Company's Director of Battery Research, said, "This
grant, once again, points to the significance of the work being
done at SolRayo and the University of Wisconsin. We are thrilled to
be working with the National Science Foundation on this important
research."
This work, under Dr. Zeltner's direction, was proven effective
during the Phase I program, which was completed June 30, 2011. Dr.
Zeltner has also stated that he expects to see improved results
during Phase II and anticipates having a fully commercialized
product for insertion into battery manufacturing processes at the
conclusion of the Phase II program.
STTR is a vital, US government-funded, highly competitive small
business program that expands funding opportunities in the federal
innovation research and development arena. The program funds
certain opportunities between businesses and non-profit research
institutions. The goal of the STTR program is to fully transfer the
technologies and products from the laboratory to the marketplace.
The small business generates profits from the commercialization of
the technology, which, in turn, stimulates the U.S. economy.
The work is being conducted jointly at SolRayo's facility in
Madison at the lab of Professor Marc Anderson at the University of
Wisconsin. The project officially commenced on April 1, 2012 and is
scheduled to conclude on March 31, 2014.
About SolRayo, Inc.
SolRayo, Inc. (http://www.solrayo.com) is a Madison,
Wisconsin-based company focused on developing new nanoparticle
based materials for use in various renewable energy, industrial,
consumer, and automotive applications. SolRayo is a subsidiary of
Enable IPC Corporation.
Forward-looking Statements
This release may contain forward-looking statements, such as
"estimated," "could," "should" and similar terminology made
pursuant to the safe harbor provisions of the Private Securities
Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties, which may cause a company's actual
results in the future to differ materially from forecasted results.
These risks and uncertainties include, among other things, the
ability to secure additional financing for the company, changing
economic conditions, business conditions, and the risks inherent in
the operations of a company.
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Contacts David Walker Email Contact (661) 347-0607
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