Superlattice Power, Inc. (OTCBB: SLPO) Announces 80% Battery Fast Charge in Less Than 30 Minutes Shows Promising Results
March 31, 2010: 08:00 AM ET
Superlattice Power, Inc. (OTCBB: SLPO) (www.superlatticepower.com), emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, proudly announces due to availability of new Cathode material the development of the fast charge, 80% state of charge (SOC) battery pack in less than 30 minutes shows promising results.
Superlattice Power technologists have resourced a new cathode material which is a safe and environmentally friendly manganese based mixed oxide with minimum thermal run away. This material is not only able to deliver 10-20% more energy density compared to commercially available cathode materials, but also permits a charging rate of 2C maximum and it takes 30 minutes to charge a battery pack from 264V to 333V without any hazard. Superlattice Power's technologists have considered the heat generation and also low capacity in ampere hours during the fast charge process. To maintain at least 80% of the rated capacity of the battery pack Superlattice Power's design and modeling has considered a charging rate within 1.5C to 1C rate which means a charging time of 40 minutes to 1 hour to drive a car up to 160 miles per charge.
Superlattice Power's technology facility has developed a charger system and a battery management system to allow charging at a faster rate. Two models of charger will be introduced, with a power rating ranging 30kW to 40kW. The charger design is in the final stages and will be produced commercially at Mooresville, North Carolina, USA.
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Forward-Looking Statement: 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
Wednesday, March 31st, 2010 Top 3 Small Stocks with Big Moves Free Special Report: Top Value Stocks for Q2 2010
Superlattice Power Inc. (OTC:SLPO), Vitesse Semiconductor (OTC:VTSS), and The Flight Zone, Inc. (PINK:TFZI) are three small stocks with big moves during today?s session. Superlattice Power Jumps on Battery Results Superlattice Power Inc. (SLPO, Free Analysis), which develops lithium-powered batteries, saw its shares jump more than 30% mid-session after announcing faster recharge rates for its batteries thanks to a new cathode material. The batteries can now reach 80% state-of-charge in less than 30 minutes without any hazard, and the chargers are in the final stages of development. The battery company was also featured by a popular stock newsletter, which suggested the stock was poised for a technical breakout. The report cited a double-bottom may be forming since its 50% pullback, the stochastics appear to be emerging out of oversold levels, and very heavy upside volume is returning to the stock, suggesting accumulation at current levels. Receive Free SLPO Analysis by E-Mail
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