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Industry News
September 14, 2012
Imprint Energy Announces Strategic Investment from IQT
Imprint Energy, Inc. announced today a strategic investment and technology development agreement with In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community. Through this strategic partnership, Imprint Energy aims to expand the development of its advanced battery technology and characterize its performance for multiple applications.Imprint Energy's proprietary Zinc Poly™ battery technology offers a compelling alternative to lithium ion polymer battery technology and advances the state of the art in batteries for small portable electronics. The company's electrochemistry breakthroughs remove the longstanding limitations on the rechargeability of zinc-based batteries while generating significant volumetric energy density, form factor, safety, cost, and processing advantages versus other rechargeable battery chemistries.
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"Imprint Energy's technology advancements fall in an area of important interest for both our government customers and the broader commercial market," said Syd Ulvick, Ph.D., Senior Vice President in charge of IQT's Physical and Biological Technologies practice. "The company's Zinc Poly technology has the potential to significantly impact the future of battery applications."
"We are delighted to have In-Q-Tel as a strategic investor and partner, and view this development project and investment as a validation of our technological capabilities," said Devin MacKenzie, Ph.D., Imprint Energy CEO. "We are excited to initiate this partnership to expand the capabilities of our Zinc Poly battery technology and explore its use in applications that address the needs of the U.S. Intelligence Community."
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Imprint Energy, Inc. is an advanced battery technology company developing its proprietary Zinc Poly batteries for small portable electronics markets, including mobile accessories, compact wireless devices, wearable technology, health and fitness monitoring, and medical devices. The Zinc Poly electrochemistry system removes longstanding limitations on the rechargeability of zinc-based batteries and offers significant volumetric energy density, form factor, safety, cost, and processing advantages versus other rechargeable battery chemistries. Imprint Energy's batteries are printable and patternable using low-cost capital equipment and manufacturing processes that are highly scalable. The privately held company was founded in 2010 building on original research conducted at UC Berkeley. In addition to In-Q-Tel, the company is backed by Dow Chemical and is based in Alameda, California.
In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, IQT engages with entrepreneurs, startups, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader Intelligence Community.
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