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Contour Energy Systems Signs Exclusive Technology Licensing Agreement with MIT

Contour Energy Systems, Inc. an innovative portable power company commercializing next-generation battery systems, today announced the acquisition of a breakthrough carbon nanotube technology that can dramatically improve the power capability of lithium-ion batteries, through an exclusive technology licensing agreement with Massachusetts Institute of Technology (MIT). Early findings from researchers at MIT confirm that using carbon nanotubes for battery electrodes can produce a tenfold increase in the amount of power that can be delivered from a given weight of material when compared to a conventional lithium-ion battery, and this performance can be sustained across thousands of charge-discharge cycles.

yeah, but, um, eesu's are from Texas

”In terms of what this means for lithium-ion battery performance, the new material can produce very high power outputs in short bursts and steady, lower power for long periods. The energy output for a given weight of this new electrode material is over five times greater than for conventional electrochemical capacitors while the total power delivery capability approaches 10 times that of lithium-ion batteries.

In addition to their high power output, the carbon nanotube electrodes demonstrate very good stability over time. After 1,000 cycles of charging and discharging a test battery there was no detectable change in the material's performance."

This sounds pretty damn good. I own some stock in one of the VC companies that funded these guys. I think this is one of their more promising companies. Hopefully this one will make it to an IPO.

10 years to pre-production unit :)

Grazzhoppa wrote:

”The energy output for a given weight of this new electrode material is over five times greater than for conventional electrochemical capacitors..."