PowerGenix News
PowerGenix, Original Power Bring GreenCell® Rechargeable Batteries to Portable Lawn and Garden Tool Market
Lightweight, compact Nickel-Zinc to Phase-out Industry Standard, Nickel-Cadmium Batteries, Due to Toxicity Issues and Dramatic Power Improvements
San Diego - June 4, 2008 - PowerGenix, manufacturer of safe, non-toxic, rechargeable nickel-zinc (NiZn) batteries, today announced that it has entered into a multi-year supply agreement with Original Power, a specialist in AC/DC power solutions for cordless outdoor power equipment. Under the agreement, PowerGenix will supply its patented NiZn Sub-C cell battery packs for introduction into multiple key Original Power product lines beginning in 2009.
PowerGenix Targets HEV Market With More Powerful NiZn Battery
Smaller, Lighter NiZn Rechargeable Battery Offers Power and Mileage Advantages for Automotive Applications
Tampa, Fla. - May 12, 2008 - PowerGenix, manufacturer of safe, non-toxic, rechargeable nickel-zinc (NiZn) batteries, announced it will unveil its rechargeable D-Cell battery pack for hybrid electric vehicles (HEVs) this week at the Advanced Automotive Battery and Ultracapacitor Conference in Tampa, Florida. PowerGenix's NiZn battery pack is capable of delivering thirty percent more power and increased energy-density, as well as reduced size, weight and cost relative to existing Nickel Metal-Hydride (NiMH) technologies.
PowerGenix Rechargeable Batteries to Power High Definition Cameras and Lighting for Emmy-Award Winning Frezzi Energy Systems
High Discharge NiZn Helps Media Market Pioneer's Portable Power and Light Systems Go Green
San Diego - April 14, 2008 - PowerGenix, manufacturer of safe, non-toxic, rechargeable nickel-zinc (NiZn) batteries, today announced that media market pioneer, Frezzi Energy Systems, will incorporate PowerGenix's line of rechargeable batteries into its portable power and lighting products. Frezzi, a leading provider of power and lighting equipment for the professional broadcast community, will rely on PowerGenix's D-cell battery packs to provide extended runtime for high-definition cameras and high wattage camera lights.
PowerGenix Targets Toxic Battery Market with New Line of Rechargeables
San Diego - March 13, 2008 - PowerGenix, manufacturer of safe, non-toxic, rechargeable nickel-zinc (NiZn) batteries, today announced that it has met the European Union's requirements for the Reduction of Hazardous Substances (RoHS), as well as the 2006 Battery Directive. PowerGenix's line of rechargeables serve as high-cycle, high-power replacements for existing sealed rechargeable battery technologies, including nickel-cadmium which is being phased out by manufacturers and retailers in North America, the EU and Asia due to toxicity concerns.
POWERGENIX' TECHNOLOGY EXPANDING TO SUPPORT THE GROWING HEV MARKET
San Diego - November 7th, 2007 - (San Diego, CA) PowerGenix, a San Diego based high tech company and leading developer of high-performance, sealed rechargeable Nickel-Zinc batteries for Power tools and other high performance applications, announces the addition of Dr. Franz Kruger as Senior Vice President, Product Development. Dr. Kruger's focus will be to apply his extensive expertise, experience and background to the development of Nickel Zinc technology as a new power source for the emerging Hybrid Electric Vehicle (HEV) market.
POWERGENIX TAKES ON MANUFACTURING CHALLENGE
Powergenix adds Stanley Tang as Vice President of Quality
San Diego - September 17, 2007 - (San Diego, CA) PowerGenix, a San Diego based high tech company and leading developer of high-rate discharge, sealed rechargeable Nickel-Zinc batteries, announced the addition of Stanley Tang as Vice President of Quality. The hiring of Mr. Tang signals a shift for the maturing battery producer from research to production. “Mr. Tang's knowledge, experience and expertise in the specific product segments PowerGenix is targeting will allow him to lead the development of the necessary processes, procedures, and tools to ensure consistent delivery of high quality products” stated Dan Squiller, Chief Executive Officer.
PowerGenix Selects Manufacturing Partner to Produce Sealed Rechargeable Nickel-Zinc Batteries
High Volume Forecast For The Evolution Of Thomas Edison's Work Prompts Action
San Diego - February 4, 2007 - PowerGenix, Inc., a leading developer of high-rate discharge, sealed rechargeable nickel-zinc (NiZn) batteries, announced today that in order to prepare for its ramp-up phase, it has entered into an agreement with Hunan Corun Hi-Tech Co. Ltd, for high volume production and Asian distribution of its innovative NiZn batteries. Maybe Thomas Edison was right after all. Mr. Edison's work on the invention of the Galvanic battery incorporated nickel & zinc. And now, after other elements such as Nickel Cadmium (proven to be toxic), Nickel Metal Hydride (expensive), Lithium Ion (unstable) et al, Nickel Zinc is proving to be safe and effective for many high power applications in addition to being the friendliest to the environment.
PowerGenix Selected as a Technology Pioneer by the World Economic Forum
Innovative Zinc Battery Technology Honored
SanDiego – December 4, 2006 –PowerGenix, Inc., (www.powergenix.com) a leading developer of high-rate discharge, rechargeable nickel-zinc (NiZn) batteries, announced that the World Economic Forum selected PowerGenix as one of 47 Technology Pioneers for 2007. The Technology Pioneers were nominated by the world's leading venture capital and technology companies. The final selection from 225 nominees was made by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers for 2007 are invited to attend the Annual Meeting of the World Economic Forum to be held January 24-28 in Davos, Switzerland.
Click here to see a video interview with PowerGenix CEO Dan Squiller discussing this award. (Requires free Flash player; appears in pop-up window, must disable pop-up blockers to view.)
PowerGenix Announces Closing of Series C Financing
New Investor - Angeleno Group Leads $17 Million Investment Round in Battery Technology Company
San Diego – December 1, 2006 –PowerGenix Corporation (www.powergenix.com), a leading developer of high discharge rate, rechargeable nickel-zinc (NiZn) batteries, announced today that it has completed its third round of financing totaling $17 million. Angeleno Group, a California-based private equity firm focused on high growth investments in the energy sector, led the round. This round also included return investors Advent International, Braemar Energy Ventures, Granite Ventures, OnPoint Technologies and Technology Partners.
Todd Tatar Joins PowerGenix as Vice President of Product Development
Battery Industry Veteran to Help Bring Innovative Nickel-Zinc Technology to Marketplace
San
Diego – Octobber 25, 2006 – PowerGenix,
Inc., a leading developer of high-rate
discharge, rechargeable nickel-zinc (NiZn) batteries, today
announced that Todd F. Tatar has joined the company's management
team as vice president of product development. In this role,
Tartar will be responsible for implementing new product design
elements and bringing PowerGenix's innovative nickel-zinc
sealed rechargeable battery products to market in the near
future.
PowerGenix Hires Joseph A. Carcone as Vice President of Business Development
San
Diego – April 10, 2006 – PowerGenix,
Inc., announced that Joseph A. Carcone
has joined the company's management team as vice president
of business development. In this role, Carcone will be responsible
for bringing PowerGenix's battery products to market and overseeing
the company's growth.
PowerGenix’s Revolutionary Battery Design Helps Student ROV Team Win Prestigious Innovation in Engineering Award
USD High School Students Take Five Honors at National Remote Operated Vehicle Competition
San
Diego – June 28, 2005 – PowerGenix announced
that its innovative batteries contributed to the award-winning
design of an underwater Remote Operated Vehicle (ROV) at the
national Fourth Annual ROV Competition held at the NASA Johnson
Space Center’s Neutral Buoyancy
Lab. The smaller and more powerful PowerGenix nickel-zinc (NiZn)
battery allowed for the primary power source to be placed
on-board the ROV, eliminating the need for bulky wires and
cords between a land-based power source and the ROV. This
unique design, honored with the prestigious Innovation in
Engineering Award, gave the ROV increased maneuverability
when competing in a series of timed underwater missions at
the three-day event.
PowerGenix Helps USD High School Team Win Regional Remote Operated Vehicle Competition
SAN DIEGO - June 13, 2005 – PowerGenix, Inc. recently assisted local high school students from University of San Diego High School (USDHS) to win a regional competition of underwater Remote Operated Vehicles (ROV) by providing them with their innovative nickel-zinc batteries. The unique characteristics of the PowerGenix nickel-zinc battery enabled the team to incorporate an "onboard" power module, eliminating the need for bulky power cables between a land based power source and the ROV.
PowerGenix Announces Closing of Series B Financing
OnPoint Technologies Leads $10 Million Investment Round in Battery Technology Company
San Diego - November 11, 2004 - PowerGenix Corporation, a leading developer of high discharge rate, rechargeable nickel-zinc (NiZn) batteries, announced that it has completed a second round of financing totaling $10 million. The round was led by OnPoint Technologies, a U.S. Army-backed venture capital firm headquartered in Maitland, Fla., that invests in companies developing innovative energy technologies with potential uses by the Army. This round also included new investor Braemar Energy Ventures, and return investors Advent International, Granite Ventures and Technology Partners.
PowerGenix Appoints Former President of Invensys Power Components as CEO
Industry Veteran to Drive Growth and Extend Company's Leadership in Rechargeable Battery Market
Santa Clara, Calif. - October 15, 2003 - PowerGenix,
a leading developer of rechargeable nickel-zinc (NiZn) batteries,
announced the appointment of Mr. Dan Squiller as president
and chief executive officer. An expert in the power industry,
Squiller brings to PowerGenix an impressive track record of more
than a decade in the power business with key experience in operations,
strategy and marketing.
PowerGenix Receives $3.75 Million in Series A Funding
Company Attracts Top Tier VC's
Santa Clara, Calif. - May 3, 2003 - PowerGenix, a leading developer of rechargeable nickel-zinc (NiZn) batteries, announced the successful completion of its Series A financing. The $3.75 million round was co-led by Advent International (Boston, Mass.), Granite Ventures, LLC (San Francisco, Calif.) and Technology Partners (Palo Alto, Calif.). The Board of Directors will now include one member from each of the three firms.