QuantumSphere is pleased to announce the recent acquisition of Energetics, Inc. Founded in 2001, Energetics Incorporated has focused on advanced energy technologies, primarily in the areas of next-generation lithium ion batteries, fuel cells for portable power, hydrogen and syngas production from biomass, hydrogen purification and reforming technologies, and bio fuels. The company’s founder and chief executive, Subramanian (Subra) Iyer, will serve as Principal Technologist for QuantumSphere and will leverage more than 30 years of experience in technology advances for metallurgy, batteries, fuel cells and renewable energy technologies.
“Batteries are struggling to keep up with consumer energy and power demands, and my team members and I are focused on game-changing increases in rechargeable Li-ion battery capacity and power density to directly address this issue,” Iyer said. “Leveraging QuantumSphere’s existing infrastructure, scientific team and commercial relationships will allow us to accelerate development and commercialization of key portable power and clean energy technologies quickly and cost-effectively.”
The acquisition of Energetics Incorporated will significantly expand QuantumSphere’s IP portfolio and provide us with the ability to develop a wide range of products in the portable power and clean energy sectors. We understand that in order to win, we must create new customers, new products, and new services that drive revenue, growth, and profits. We believe the best way to win is by execution, and focused innovation. And we will continue to execute and integrate innovation into everything we do. We welcome Subra Iyer and his team to QuantumSphere and look forward to advancing our common goals in building a profitable company and a more sustainable clean energy economy.
As always, thank you for your continued support and feedback.
Kevin D. Maloney, CEO
IN THIS ISSUE…
QSI in the News:
- QuantumSphere Acquires Energetics, Inc.
- QuantumSphere to exhibit high rate electrode devices for batteries, fuel cells, and hydrogen generation applications as well as conductive and magnetic materials at SEMICON West 2008, San Francisco, CA, Booth #8720, July 15-17, 2008
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By David Biello, Scientific American, June 19, 2008
- Plan 863 Spurs Flood of Hybrid, Alt-Fuel Vehicles in China
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- Analysts Warn of Dependence on Foreign Batteries
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- Can the US Bring Jobs Back from China?
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- Clean Tech Update
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