alpha-En Corporation Announces Filing of Patent Applications
July 11 2011 - 9:00AM
Business Wire
alpha-En Corporation (ALPE.PK) (alpha-En) today
announced the filing of a US patent application and a PCT
international patent application with the United States Patent
& Trademark Office (USPTO) for the “Electrolytic Production of
Lithium Metal.” A provisional application was filed for this
technology with the USPTO in June 2010. alpha-En holds the
exclusive rights to these applications.
Jerome I. Feldman, Chairman of alpha-En, stated, “We believe
that global demand for lithium will rise in coming years, driven by
its use in industrial applications, such as consumer electronics,
chemical, pharmaceutical, and nuclear, a growing acceptance of
battery-powered automobiles, and advancements in battery
technology. Based on results to date, we believe that the licensed,
proprietary lithium production technology associated with these
patent applications offers a number of advantages over lithium
extraction techniques currently in use, including lower production
temperatures, a more favorable environmental risk profile, reduced
raw material and manufacturing costs, and manufacturing
flexibility. The filing of these patent applications is an
important step in our ongoing efforts towards
commercialization.”
ABOUT ALPHA-EN
CORPORATION
Utilizing an exclusive, worldwide, transferrable, perpetual
license granted in February 2009, alpha-En is focused on the
processing of lithium metal for use in batteries and other fields.
Based on the results of a series of tests conducted by MXL Leasing,
LP and an independent laboratory, alpha-En believes that this
licensed technology is commercially feasible, allowing for metallic
lithium to be manufactured more efficiently and more inexpensively
than current methods.
FORWARD LOOKING
STATEMENTS
This press release contains certain forward-looking statements,
including with regard to the Company’s future performance. Words
such as "estimated," "believes," "expects," "projects," “may,” and
"future" or similar expressions are intended to identify
forward-looking statements. Forward-looking statements inherently
involve risks and uncertainties, including without limitation,
those described in this press release and those detailed in our
filings with the Securities and Exchange Commission. We do not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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