Electro Energy (EEEI) Awarded $750K Contract From U.S. Air Force
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Electro Energy Inc. (NASDAQ: EEEI) announced a contract award of $750,000 sponsored by Air Force Research Laboratory (AFRL) to continue development of ultra-high energy density, rechargeable, lithium battery chemistry for Air Force applications.
The U.S. Air Force SBIR Phase II contract award identifies a nanocomposite, rechargeable, lithium battery cathode material providing high-specific energy, and Electro Energy's proprietary cell design to develop a more powerful, compact, rechargeable battery. A nanocomposite electrode fabricated with a metal fluoride, when fully developed, is expected to provide packaged batteries with specific energies of 400-500 Wh/kg, twice the energy of today's state-of-the-art lithium-ion polymer cells. This battery technology would address the serious energy and performance limitations of currently available batteries and would be applicable to many military applications and a variety of commercial markets.
Electro Energy Inc. is primarily engaged in the research and development of battery technologies. [SM]
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