China Nuvo Solar Provides Information on Freya Energy’s Unique Large Format Lithium Ion Cells and Batteries
March 17 2011 - 7:00AM
Business Wire
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today
provided more information on Freya Energy’s (“Freya”) large format
lithium ion cells and batteries in response to inquiries from
shareholders.
Freya has developed for manufacturing and sale, SAFE, large
format lithium ion cells and batteries for high-power and
high-energy applications. Freya’s unique technology solves the
problem of lithium ion batteries venting and catching fire, and
permits the use of the highest energy cathodes available, while
providing greater safety than low energy cathodes such as Lithium
iron phosphate.
The secret is in Freya’s cell separator. All cells have
separators. The separators are thin film sheets inside the cells,
which separate the positive cathode from the negative anode. The
separators have to be electrically insulating, but have to allow
lithium ions to flow from one electrode to the other. Freya’s
unique composite technology turns the separators into
multi-function safety devices.
- Overcharge Protection: Freya cells and
batteries have overcharge protection, which protects the cells from
damage during continuous overcharging. This protection, which is
unique in the industry, eliminates the risk of fire and/or
explosion, and the cells are not damaged. Freya’s cells will
continue to work after abuse.
- Thermal Shutdown Protection: The Freya
thermal shutdown technology prevents thermal runaway by shutting
down and discharging cells, if the cells reach excessive
temperatures. Freya’s unique capability leaves the cells discharged
and inert. Competitive separators leave cells frozen in a fully
charged state, which is dangerous.
- Structural Failure Protection: The
Freya technology is thermally stable. The separator does not shrink
or melt at temperatures as high as 180°C. And the Freya technology
is chemically stabile. All commercial separators available to date
soften or dissolve in their electrolyte at elevated temperatures,
which can lead to dangerous shorting.
- Penetration Protection: Freya cells do
not fail catastrophically if penetrated. Freya cells and batteries
can survive being hit by a bullet, or pierced by a flying piece of
metal in an accident, without danger of catching fire or
exploding.
In addition to these protections, Freya’s technology provides an
intrinsic overcharge protection feature without the need for
battery management electronics. Competitors depend on expensive,
and failure prone, battery management electronics to prevent
overcharging.
The Freya separator is a complex combination of polymers that
offer bonding, very low shrinkage, thermal shutdown, thermal
stability and the very unique property of electrical conductivity
at elevated voltages. Only Freya cells and batteries offer this
complete protection.
Richard Fox, CEO of Freya, commented, “Concerns over safety have
limited the use of Lithium-ion cells and batteries in larger
applications. Traditional Lithium-ion cells are prone to venting
and fire. Competitors using lower-energy chemicals reduce the risk
of venting and fire, but also reduce the energy in the batteries.
We are very encouraged about the commercialization of our
technology, as evidenced by the multi-million dollars in order
commitments we have received, subject to the delivery of
satisfactory prototypes.”
As announced on March 9, 2011, the companies have executed a
non-binding Letter of Intent through which China Nuvo Solar is set
to acquire one hundred percent of the outstanding common stock of
Freya. Closing of the transaction is subject to customary
conditions including, among other things, the negotiation and
execution of definitive agreements as well as the approval of both
company's boards of directors and any necessary stockholder or
regulatory approval.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company
that owns unique patent pending solar and photovoltaic related
technology. The Company's business model includes a roll-up
strategy of clean energy companies and intellectual property within
the renewable energy sector.
This press release may include forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements are based on the Company's current expectations as
to future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.