Superlattice Power, Inc.’s (SLAT.OB) share price jumped over 35% from last Wednesday’s close to yesterday’s close, showing the difference between a good small cap and the meager performance of the general market.
Superlattice, the North Carolina-based master of lithium battery technology, continues to increase its lead in this emerging field. Earlier this month, Superlattice filed a patent covering the advanced chemical process used to produce the ultra-pure, nano-cathode material used in their new, high-performance Lithium Ion Polymer battery, a battery some say will finally make the electric car a common appearance on the American road. At the same time, the company announced that its North Carolina production facility successfully produced 200 kilograms of the new material, in the ongoing development and testing of industrial level production processes.
The company is anxious to produce the advanced crystalline “superlattice structured” cathode material because of the enormous boost it gives to battery range, charge rate, and durability. It’s that additional power that is expected to result in an electric car able to go at least 200 miles on a single charge, a major breakthrough in performance that could hasten the car’s acceptance.
Other researchers have worked on superlattice structures for application to batteries, but there is no evidence that such materials have been produced commercially in large-scale amounts. However, Superlattice is now well on the way to solving the many challenging technical issues necessary for full scale production.
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