IRVINE, Calif — July 27, 2010
Innovating energy storage enabling longer runtime in less space for next-generation 3G and 4G smartphones, mobile handsets and portable consumer electronics
Enevate Corporation, a California-based rechargeable battery solutions company, announced today that it has changed its corporate name from Carbon Micro Battery Corporation to Enevate Corporation. Enevate is focused on developing innovative advanced materials, IP and architectures to enable the next generation of battery storage enabling longer runtime in less space for next generation mobile devices. The new name better reflects the Company’s growth strategy in the energy storage space.
Originally spun-out in 2005 from the University of California, Irvine, Enevate has received over $5 million in venture financing since 2008 from leading venture capital funds including Mission Ventures and Draper Fisher Jurvetson to fund the research and development of advanced high-capacity rechargeable Li-ion batteries.
Enevate is developing prototype rechargeable Li-ion battery cells utilizing its proprietary Enevate™ HD-Energy™ technology. HD-Energy delivers significant high density energy improvements to today’s lithium-ion (Li-ion) rechargeable batteries while staying in the Li-ion ecosystem. Enevate’s development engineering is focused on battery products for next-generation 3G and 4G smartphones, mobile handsets as well as for broad use in portable consumer electronics. Enevate HD-Energy technology is also extensible to specialty battery applications in embedded, military, medical and electric vehicle markets.
“Enevate addresses the key problems of achieving longer battery life and with thinner form factors for 3G and new 4G smartphones. With data use now exceeding that of voice on advanced cellular phones, users demand more runtime to be ‘always on’ with a broad variety of ‘always connected’ applications,” said Brian Wong, President & CEO of Enevate Corporation. “Batteries are one of the largest components in handsets, and improving volumetric energy density is the key factor to create more highly featured, yet thinner and more pocketable smartphones. We have developed innovative battery technologies to significantly improve the user experience in one of the fastest growing segments of cellular phones.”
Enevate addresses a market of over $1B for Li-ion batteries in mobile handsets and smartphones and the broader market of over $10B for all Li-ion batteries worldwide. More information can be found on the company’s new website at www.enevate.com.
###
Contact:
Bill Blanning
media@enevate.com