PBC Tech Readies Battery-Boosting PowerWRAPPER for Commercial Launch With Manufacturing Agreement and New U.S. Patent
January 09 2018 - 9:30AM
PBC Tech, developer of innovative supercapacitor-based energy
storage and battery enhancement technologies, today announced a
manufacturing partnership agreement with KLA-Tencor (NASDAQ:KLAC)
in preparation for the commercial launch of its PowerWRAPPER
ultrathin supercapacitor later in 2018. Also, PBC Tech
announced it received a U.S. Patent (No.: 9,831,533) relating to
the architecture of the PowerWRAPPER product line.
PowerWRAPPER is an ultrathin supercapacitor with a revolutionary
design that enables the 5V product line to fit into spaces where
other energy sources cannot and deliver peak power and new
functionality not possible in today’s wireless devices with small,
aging batteries. The new patent, valid through 2037, adds to a
growing patent portfolio that covers proprietary electrode
materials, specific applications for use of an ultrathin
supercapacitor and architecture and design for the PowerWRAPPER
technology, providing comprehensive protection for commercial
applications of this product. Ten other patent applications are
pending.
With deep engineering expertise in building high-precision,
production-scale equipment, KLA-Tencor Corporation has signed on as
PBC Tech’s manufacturing partner for PowerWRAPPER. The first
scalable production equipment built by KLA-Tencor as part of this
agreement is currently under validation testing. Separately,
KLA-Tencor’s corporate venture group has made a strategic capital
investment in PBC Tech.
“Our partnership with KLA-Tencor is a major milestone for PBC
Tech and its customers,” said Shreefal Mehta, Chief Executive
Officer of PBC Tech. “The equipment KLA-Tencor is building will
demonstrate the readiness of PowerWRAPPER to be scaled and
manufactured at production levels in the millions of units/day as
required by the leading electronics companies that have shown
interest in PowerWRAPPER. KLA-Tencor’s strategic investment will
enable us to grow our existing customer base and prepare for higher
volume sales of our PowerRESPONDER, a UL-certified,
hybrid-supercapacitor product line. With KLA-Tencor, we are now
ready to scale up, deliver and disrupt the battery power management
world in mobile electronics.”
PBC Tech has proven its capabilities to deliver a reliable,
commercially-viable product with the launch of PowerRESPONDER in
2017, which is qualified by industry leading OEM customers in cloud
computing and medical applications.
About KLA-Tencor Corporation KLA-Tencor
Corporation, a leading provider of process control and yield
management solutions, partners with customers around the world to
develop state-of-the-art inspection and metrology technologies.
These technologies serve the semiconductor and other related
nanoelectronics industries. With a portfolio of
industry-standard products and a team of world-class engineers and
scientists, the company has created superior solutions for its
customers for more than 40 years. Headquartered in Milpitas,
Calif., KLA-Tencor has dedicated customer operations and
service centers around the world. Additional information may be
found at www.kla-tencor.com (KLAC-P).
About PBC Tech PBC Tech has designed a
game-changing, ultrathin, supercapacitor with industry-leading
performance. Supercapacitors enable companies to use smaller
batteries without compromising energy or peak performance and the
company’s patented form factor solution allows for revolutionary
size changes in wearables, accessories, and mobile electronics. The
long life, environmentally-friendly device works with existing
lithium batteries, reducing waste, and fits in or around existing
components. The company’s innovative business model and technology
has garnered recognition with awards such as the “startup of the
year” from the Consumer Technology Association, innovation awards
at CES 2015 and as a TIE50 2013 awardee as well as multiple
competitive awards from NY State Energy and Research Development
Authority. For more information go to http://www.pbctech.co
A photo accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/338c036b-83f2-439b-b490-83356f0b5d59
Contact:
Toni Sottak
toni@wiredislandpr.com
KLA (NASDAQ:KLAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
KLA (NASDAQ:KLAC)
Historical Stock Chart
From Apr 2023 to Apr 2024