PowerGenix News
PowerGenix Boosts Technical Prowess with Addition of Chinese Battery Whiz
Dr. Xu Gang Will Spearhead Product Development and Manufacturing in Asia
SAN DIEGO - May 25, 2010 - PowerGenix, a leading manufacturer of high performance rechargeable Nickel-Zinc (NiZn) batteries, today strengthened its management team with the addition of Dr. Xu Gang, a leader in the Chinese Lithium-ion (Li-ion) rechargeable battery industry, as managing director of PowerGenix's Asia operations.
"Dr. Xu has an impressive background and reputation in the battery industry. With his addition, PowerGenix can launch its technology into more demanding applications such as transportation and stationary power" said PowerGenix CEO Dan Squiller. "We are ready to take our high performance batteries to new markets and embark on the company's next stage of growth."
Dr. Xu has a talent for identifying new battery technologies that offer significant improvements over conventional chemistries. He previously oversaw technology development at Tianjin Lishen Battery and helped grow that company into a world-leading Li-ion battery manufacturer and key supplier of battery products to leading Western power tool, electronics, and transportation customers.
PowerGenix Develops More Powerful Vehicle Batteries for Purchase by US Army's TARDEC
Military reviewing Nickel-Zinc technology to replace lead-acid for tanks
SAN DIEGO - March 9, 2010 - SAN DIEGO, CA - March 9, 2010 - PowerGenix, a developer and manufacturer of nontoxic, high-performance Nickel-Zinc (NiZn) rechargeable batteries, today announced that the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC) has purchased NiZn batteries for test as a possible replacement for the lead-acid "6T" batteries currently in use. PowerGenix's NiZn technology offers significant performance gains, delivering twice the energy in half the space of lead-acid batteries.
"As the U.S. military develops more sophisticated technologies for use in high risk, demanding environments, outfitting these vehicles with lighter and more powerful batteries will increase performance and safety," said PowerGenix CEO Dan Squiller. "The advantages that PowerGenix's Nickel-Zinc systems offer over lead acid systems are transformative, and we look forward to working with the U.S. Army to develop and deploy battery systems that meet the rigorous requirements of military vehicles."
PowerGenix Brings Eco-friendly AA Batteries to Stores throughout Canada with Distribution Agreement with Ingram Micro
Nickel-Zinc Batteries Offer Consumers High Performance Rechargeable Battery Option
SAN DIEGO - December 14, 2009 - In response to growing consumer demand, PowerGenix, developer and manufacturer of nontoxic, high performance Nickel-Zinc (NiZn) rechargeable batteries, announced today an agreement with Canada-based Ingram Micro, one of the world's leading technology distributors, to stock PowerGenix's AA batteries at retail outlets throughout Canada starting in January.
Through the agreement with Ingram Micro, PowerGenix batteries will be sold in stores, including several major retail chains, as well as through a number of online outlets. They are currently available at the Canadian portal of Amazon.com, Amazon.ca. The announcement comes four months after PowerGenix batteries debuted online at three major retailers-Amazon.com, DepotEco and GreenBatteries.com-and as the batteries were named as winner of a Popular Science Best of What's New Award.
Popular Science Names PowerGenix's NiZn Batteries 'Best of What's New' Winner
PowerGenix's Rechargeable AAs Honored in Gadget Category as First 'Eco-Battery with Oomph'
SAN DIEGO - November 12, 2009 - Named as one of the top 100 innovations this year, PowerGenix, a manufacturer of nontoxic, high performance rechargeable Nickel-Zinc (NiZn) batteries, was honored with a Popular Science Best of What's New™ Award in the Gadgets category for the company's AA rechargeable batteries. The first new rechargeable battery technology in more than 20 years, Popular Science editors singled out PowerGenix batteries for their ability to deliver power on par with disposables.
"For 22 years, Popular Science has honored the innovations that surprise and amaze us - those that make a positive impact on our world today and challenge our views of what's possible in the future." said Mark Jannot, Editor-in-Chief of Popular Science. "The Best of What's New Award is the magazine's top honor, and the 100 winners - chosen from among thousands of entrants - represent the highest level of achievement in their fields."
"An environmentally responsible battery with no power compromise, PowerGenix batteries answer the call for a new generation of high performance rechargeable batteries," said PowerGenix CEO Dan Squiller. "By developing a battery with no performance sag, we've removed the stigma of underperforming rechargeable batteries that has stunted the industry's growth. As we ready our batteries for a major rollout to retail outlets across North America, we're thrilled to have exceeded the rigorous criteria of Popular Science editors and honored by this validation of our technology."
PowerGenix Adds Former Fortune 50 Exec from UTC Power
Power Industry Vet and Former White House Advisor to Spearhead Market Growth and Government Relations Strategy
SAN DIEGO - September 17, 2009 - PowerGenix, a manufacturer of nontoxic, high performance rechargeable Nickel-Zinc (NiZn) batteries, today announced the addition of Richard J. Brody as vice president of business development and strategic marketing. In his new position, Mr. Brody will cultivate demand for PowerGenix's NiZn batteries in emerging markets and lead the company's government outreach initiatives. Mr. Brody joins the company on the heels of the release of its consumer AA batteries to major online retailers.
PowerGenix Taps into Green Consumer Market with Eco-Friendly Batteries for the Masses at Amazon.com
Nickel-Zinc to Displace Primary and Toxic Consumer Battery Chemistries Within $5.2B Global Consumer Battery Market
SAN DIEGO - July 29, 2009 - PowerGenix, developer and manufacturer of nontoxic, high performance Nickel-Zinc (NiZn) rechargeable batteries, announced today its AA NiZn batteries are available for sale online through Amazon.com, GreenBatteries.com and DepotEco. The batteries are the first to bare the PowerGenix brand name, and provide advanced performance and leading environmental credentials to satisfy green gadget users and eco-moms alike.
PowerGenix puts its NiZn-powered HEV on display at the San Diego Auto Show
NiZn HEV boasts 30% more mileage and many more important benefits
PowerGenix's Nickel-Zinc (NiZn) powered Toyota Prius showcased at the 2009 San Diego International Auto Show, December 31, 2008 - January 4, 2009. Taking part with the Electric Vehicle Association of San Diego, the advanced battery vehicle was featured in the Eco-Center, the main feature of the 2009 show. Inherently safe and less expensive than traditional Nickel Metal-Hydride HEV batteries, PowerGenix's NiZn is also 40% smaller and lighter, key features to bringing eco-friendly vehicles to everyday lives.
Ritz Camera Super Z Battery Introduces PowerGenix's AA Nickel-Zinc Technology
Leading retail chain selects high performance Nickel-Zinc batteries to deliver power boost
Irvine, Calif. - December 16, 2008 - Ritz Camera, the nation's largest retail camera and photo chain, today announced the introduction of Quantaray Super Z, a Nickel-Zinc (NiZn) AA rechargeable battery and charger set. Ritz's Super Z batteries provide greater power for today's high drain consumer electronics, enabling superior camera performance compared to existing rechargeable batteries. San Diego-based PowerGenix, developer and manufacturer of nontoxic, high performance NiZn rechargeable technology, will supply the batteries to Ritz.
PowerGenix Closes $30M Round Fueled by Clean Transportation, Energy Storage Demands
Powerful, Nontoxic Nickel-Zinc Batteries Eye Huge Market Opportunity
San Diego, Calif. - September 17, 2008 -
PowerGenix, manufacturer of nontoxic, high performance rechargeable Nickel-Zinc (NiZn) batteries, today announced the close of its $30 million Series D financing round. The round was led by Bessemer Venture Partners and included existing investors: Advent International, Angeleno Group, Braemar Energy Ventures, Granite Ventures, OnPoint Technologies and Technology Partners.
Amid a global restructuring of energy storage markets, propelled by increased concern over battery safety and toxicity and revived interest in automotive technologies, PowerGenix has seen huge demand for its nontoxic rechargeable NiZn batteries. The company has signed $75 million in customer supply agreements since beginning high-volume manufacturing in March of this year and is supplying NiZn cells into multiple markets including power tool, lawn and garden, consumer AA, military and light electric vehicles (LEV).
PowerGenix Supplies Batteries to North American Light Electric Vehicle Market
Nickel-Zinc Batteries to Provide Zero Emission Power Supply for Veloteq Corporation ebikes
San Diego, Calif. - September 2, 2008 -
PowerGenix, manufacturer of nontoxic, safe, high performance rechargeable nickel-zinc (NiZn) batteries, today announced that it has entered into a supply agreement with PowerEagle, the leading manufacturer of electric bicycles in China. Under the agreement, PowerGenix will supply its NiZn cells for pack fabrication into the entire product line offered by Veloteq, PowerEagle's North American sales and distribution partner, beginning in 2009.
PowerGenix's power systems will be featured in both Veloteq's "power-on-demand" models, powered exclusively by the electric motor, as well as "power-assist" models that require manual pedaling assisted by the electric motor. PowerGenix batteries will also be incorporated in future product developments including an electric motorcycle that complies with National Highway Traffic Safety Administration (NHTSA) standards. PowerGenix's batteries offer market-leading power density and reduced pack weight, allowing Veloteq to increase the power output and range of their bikes while still achieving battery pack weight savings of 60 percent.
Rechargeable Battery Recycling Corporation Adds New Chemistry Category to Include PowerGenix's Nickel-Zinc Cells
PowerGenix's Nickel-Zinc Cells Certified for Recycling at More Than 50,000 North American Collection Sites
San Diego, Calif. - August 6, 2008 - PowerGenix, manufacturer of nontoxic, safe, high performance rechargeable nickel-zinc (NiZn) batteries, today announced it has been certified as an official licensee by the Rechargeable Battery Recycling Corporation (RBRC), a nonprofit public service organization dedicated to recycling rechargeable batteries. PowerGenix's NiZn cells will receive their own unique RBRC Battery Recycling Seal, letting consumers and businesses know the rechargeable batteries may be recycled at more than 50,000 RBRC collection sites in the U.S. and Canada.
PowerGenix's Nickel-Zinc Batteries Pass UL Tests Performed by Motorola Product Testing Services
PowerGenix's NiZn Product Platform Meets RoHS, RBRC and UL Standards
San Diego, Calif. - August 6, 2008 - PowerGenix, manufacturer of nontoxic, safe, high performance rechargeable nickel-zinc (NiZn) batteries, today announced it has met Underwriters Laboratories' (UL) requirements for household and commercial battery safety and reliability. In testing performed by Motorola Product Testing Services, PowerGenix's NiZn cells passed UL 2054 standard for use as a power source in products in addition to altitude simulation compliance under UL 1642.
Veterans from General Motors, Rutgers' Energy Storage Group and China's Lyrun Join PowerGenix Advisory Board
Strategic Board Additions Offer Inroads Into Automotive, Battery and Manufacturing Sectors
San Diego, Calif. - July 10, 2008 - PowerGenix, manufacturer of non-toxic, safe, high performance rechargeable nickel-zinc (NiZn) batteries, today announced the formation of a strategic advisory board to include Mr. Don Runkle, Dr. Alvin Salkind and Dr. Fa Ping Zhong. Under the leadership of CEO Dan Squiller, the advisory board will assist PowerGenix in evaluating emerging markets, advancing its NiZn technology and charting product roadmaps.
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.