Frost & Sullivan Award for Europositron's Technology Innovation in Battery Technology

Mar 22, 2005, 00:00 ET from Frost & Sullivan

    LONDON, March 22 /PRNewswire/ -- Ab Europositron Oy has been conferred
 the prestigious 2005 Frost & Sullivan Technology Innovation of the Year Award
 in the field of battery technologies.
     "The company is lauded for its overall excellence in technology
 development, and in particular, its design and development of aluminium
 rechargeable batteries using innovative nanoscale electrochemistry
 technology," comments Frost & Sullivan Research Analyst Viswanathan Krishnan.
 "Moreover, this patent pending technology provides up to 20 times higher
 capacity than existing batteries and is set to revolutionise the global
 battery market."
     Cutting-edge materials research has underpinned the development of
 'Europositron' nanoscale electrochemistry technology, which tackles key
 battery challenges such as recharging, energy density and environmental
     "For years my intention was to develop a battery which could give a
 better change to increase the use of electric vehicles" says Finnish inventor
 Rainer Partanen. "The problem has been insufficient source of power. When I
 finally found out the solution, it surprised even me because materials are
 harmless and recycleable. Now we have arranged a global issue of shares to
 finance completion of the prototypes, international patenting and groundwork
 for license business."
     Europositron-based batteries are capable of being manufactured with
 minimal changes in existing manufacturing processes. With a theoretical
 energy density of 2,100 Wh/litre, cycle time of more than 3,000, an operating
 temperature range of minus 40 to 70 degrees centigrade, life expectancy of 10
 to 30 years and the use of abundantly available aluminium, this technology
 promises to transform the global battery market.
     "The company's achievement of having detailed specifications on cell
 construction and electrochemistry and of having applied several patents in
 Finland (and intentions filing across the globe) reflects its commitment to
 research and technology innovation," notes Mr. Krishnan. "Once prototype
 development is successful, Europositron plans to license its technology to
 automotive and auto component companies globally."
     Already, Europositron's technology is being considered across a wide
 spectrum of applications ranging from tiny button batteries to high capacity
 standby power supplies. The earliest large-scale applications of
 Europositron's technology are expected to be for electric vehicles. Data
 reveals that low weight, high performance batteries based on Europositron's
 technology would offer a considerable advantage over conventional lead
 batteries in terms of reducing the weight of the vehicle and in facilitating
 greater mileage.
     Ab Europositron Oy
     In 1989, Ab Europositron Oy, a private company from Finland, was founded
 to continue and register inventor Rainer Partanen's 12-years research work to
 develop aluminium battery. At the beginning of nineties the solution was
 found and then began 10-years development period. Rainer Partanen has
 progressed the theory to the point of detailed specifications of cell
 construction, the nano electrochemistry involved and has applied patents in
 Finland covering all the necessary areas. In spring 2005 at the beginning of
 April company arranges globally a special issue of 1 600 shares to finance
 prototype program, global patenting and groundwork for license business. When
 scheduled prototype program is completed and the results verified, company
 starts to sell manufacturing licenses financing the future with initial
 licensing fees and royalties. Sales estimate for years 2007-2011 is
 approximately 162 Million Euros.
     More about Ab Europositron Oy at
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SOURCE Frost & Sullivan