Ann Arbor, Mich. —April 20, 2011—Sakti3 announced the inclusion of its advanced solid state battery technology among MIT Technology Review’s 2011 TR10, an annual list of the world’s ten most important emerging technologies. Each TR10 winner is drawn from the editors’ coverage of key fields, and is based on a simple question: is the technology likely to change the world? These innovations — each represented by a researcher whose vision and work is driving the field — promise fundamental shifts in areas from energy to health care, computing to communications.
“If electric and hybrid vehicles are to account for more than a small percentage of vehicles on the road, cheaper and better batteries are needed. Sakti3 could deliver the needed breakthrough by focusing on ways to economically mass-produce a new type of battery—a so called solid-state battery—that can safely store more energy than a traditional lithium-ion battery, which would reduce the cost of electric and hybrid vehicles and extend their range,” says Stephen Cass, special project editor at Technology Review.
“We are pleased to be recognized by a preeminent technology-focused publication such as the Technology Review,” said Dr. Ann Marie Sastry, CEO of Sakti3. “This is a testament to the hard work of the Sakti3 team, which has been successful in making rapid progress towards bringing our technology from the lab to the marketplace.”
Sakti3 and the other companies included in the 2011 TR10 will be featured in the May/June edition of Technology Review and is posted on the Web at http://www.technologyreview.com/tr10/.
Sakti3 is a startup that is commercializing high performance solid state batteries using a novel manufacturing process that has been developed by the company. Sakti3 was founded in 2007 as a spin-out of the University of Michigan and has gained investments by Khosla Ventures, Beringea, GM Ventures and Itochu Technology Ventures.
About Technology Review, Inc.
Technology Review is an independent media company owned by the Massachusetts Institute of Technology (MIT). More than two million people around the globe read our publications, in five languages and on a variety of digital and print platforms. We publish Technology Review magazine, the world’s oldest technology magazine (established 1899); daily news, analysis, opinion, and video; and Business Impact, which explains how new technologies are transforming companies, disrupting markets, or creating entirely new industries. We also produce live events.