MIDLAND, Mich., Nov. 12, 2009 /PRNewswire-FirstCall/ – The Dow Chemical Company (NYSE:DOW) announced today the transfer to Dow of collective assets from HPL (High Power Lithium), a company focused on the development of nanostructured energy storage materials and novel electrolytes for use in all lithium-ion battery applications.
“HPL has made critical strides in developing next-generation metal phosphate electrode materials and electrolyte system technology,” said Bill Banholzer, CTO and executive vice president for Dow. “HPL’s exciting phosphate technology brings a combination of safety and increased energy density that when applied to Dow’s Energy Storage Solutions business will significantly enhance Dow’s offering of component materials to the lithium-ion battery markets.”
HPL brings synthesis and development of novel nano-materials, the ability to process and optimize nanomaterials for use in battery electrodes and cells, comprehensive physical and electrochemical characterization facilities, and screening and development of novel electrolytes and systems.
“This technology transfer merges HPL’s enabling advanced technology with Dow’s unrivaled ability to apply and bring the technology to market,” said Fernand Kaufmann, Chairman of HPL. “Dow is the perfect partner to enable lithium-ion battery manufacturers to get the full commercial benefit from HPL technology.”
Dow is a diversified chemical company that combines the power of science and technology with the “Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. In 2008, Dow had annual sales of $57.4 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
HPL is a spinout company from Professor Graetzel’s laboratory at the EPFL (Ecole Polytechnique Federale de Lausanne, Switzerland) focused on the development of nanostructured metal oxides energy storage materials and novel electrolytes for use in next-generation lithium-ion batteries. The company is financed by the founders, Draper Fisher Jurvetson ePlanet Ventures, Initiative Capital Romandie (managed by DEFI-Gestion), Bankinvest New Energy Solutions and private investors.
Source: The Dow Chemical Company
CONTACT: David Winder, The Dow Chemical Company, +1-989-636-0626
Web Site: http://www.dow.com