Superlattice Power Inc. (SLAT.OB) Partnership with Hybrid Technologies, Inc. (HYBR.OB) Could Bag Both Companies the Progressive X-Prize
Superlattice Power Incorporated, a groundbreaking company in the field of lithium-powered batteries, is working with Hybrid Technologies to develop batteries for the Progressive X-Prize competition vehicle entry. The partnership between the two companies is longstanding, and makes sense because of the relative nature of the electric vehicle industries. The two companies have vertically integrated their teams and even share space in the same building. The plan for the partnership to develop the batteries and vehicle for the X-prize contest entry has been rolling smoothly for the past few months. Initially the companies mapped out a twelve-month program, agreeing on deadlines…