Successful Testing of Prototype Battery – Manufacturing Negotiations Commenced
06.23.08

AIC is pleased to announce the successful initial prototype testing of a Starter Lighting and Ignition (SLI) battery, utilising its proprietary Bipolar Lead Acid Battery technology (“B-LAB”). The global market for automotive SLI batteries is estimated to be approximately $25 Billion, in which conventional lead acid batteries currently account for nearly all sales.

AIC’s B-LAB technology has three main advantages over conventional lead acid batteries. First, the heavy internal lead grids and top connectors have been eliminated, which significantly reduces both the weight and size of the device. Second, the active materials are configured to allow very high levels of utilization (discharge); and third, the current path is arranged to provide greatly reduced internal resistance. The net result is much higher power output from a significantly lighter and smaller battery.

Configured as a zero maintenance unit, AIC’s prototypes weigh just 1kg and deliver more than 3600W/kg of peak power. This compares to a conventional SLI battery which typically weighs 12kg and delivers 180W/kg.

Importantly, the combination of exceptionally low internal resistance, active material configuration and the immunity to thermal runaway, allow the battery to be charged repeatedly from fully discharged without significant loss of capacity or life.

AIC’s prototype units take as little as 5 minutes to charge from fully discharged and are compatible with repeated high power charge and discharge cycles. This is in stark contrast to conventional SLI batteries where several hours are required to fully recharge from flat and where just a few deep discharges will shorten the operating life.

AIC is working to optimize its B-LAB technology for full scale production. As part of this activity, AIC has entered into negotiations with a large Chinese based manufacturing partner.

AIC is also evaluating its B-LAB technology for electric motorcycles and Hybrid Electric Vehicle applications where its low weight, high power and rapid charging could offer significant advantages.

Dr. Stephen Clarke, CEO of AIC, commented:

“AIC has again been able to successfully deploy funds that it raised at IPO, on what we believe is a high priority and high growth market area. In less than 18 months, we have been able to achieve tremendous progress. This is a testament to our belief in multi-disciplinary teams and rapid prototyping and is further support for our business model.”

ENQUIRIES:

Applied Intellectual Capital: Dr. Stephen Clarke Tel. +1 925 639 9399

NOTES FOR EDITORS


About RedOx
RedOx is a wholly-owned subsidiary of AIC that uses its proprietary Metal Mediated Reduction Oxidation (MMR) synthesis technology to make ethanol, other biofuels, and high-value chemicals. RedOx aim is to reduce the global dependence on fossil fuels and products by making the production of biofuels and products more cost effective.