Superlattice Power Incorporated has been highlighted by otcstockalert.com as “an emerging leader in the development and marketing of the next generation lithium-powered batteries worldwide.” As gas prices continue to rise, the desire to use less oil-based transportation is really driving the hybrid and electric car markets. These factors are also causing the prices of SLAT to rise. With increasing daily volume, the stock price has risen from $0.68 a share to a recent high of $2.37 a share.
The secret to the success of Superlattice Power is the breakthrough design of their new batteries. The superlattice structure is a hexagonal structure and can accommodate more lithium and therefore more energy. The elements, and more specifically transition metals used, have been selected precisely to make superlattice cathode materials safe, environmentally friendly and less expensive. The current level of energy being produced by these batteries has increased the average range of electric vehicles to over 200 miles. This represents a significant increase over the previous lithium-ion battery powered cars which ranged from approx. 120-140 miles.
As Superlattice Power continues to redesign and perfect their new generation of batteries, they are working closely with Hybrid Technologies to perfect the electric car. The goal is to take the idea of the 100% electric car from a commuter vehicle to a dependable, everyday vehicle that can be taken on trips of considerable distance. The results of their research are expected to lead to an environmentally-friendly vehicle that will be able to cover long distances on one very inexpensive charge.
The technological breakthrough that Superlattice Power has already made with battery life and power levels are the first innovations to batteries in several decades. As improvements continue to be made, the potential for sales of their patented technology could be unlimited. Not only could their batteries play a role in the automotive industry, but military and scientific applications are also possibilities. America’s desire to veer away from fossil fuels and towards eco-friendly vehicles is just one reason to keep SLAT on your watch list.
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