Angstrom Power Secures Fuel Cell FinancingApril 30, 2002 by Jeff Shepard
Angstrom Power Inc. (Vancouver, BC) announced that it has secured $2.85 million in its first round of financing. Angstrom is applying micro-fabrication techniques to create a novel micro-structured fuel cell system based on patented architecture, which will have favorable operating characteristics and higher power densities, while being simple and inexpensive to manufacture. Initial target applications could include battery replacement and portable power.
President and CEO Mark Steinley stated, "Already as a small start-up company, Angstrom has been able to develop significant relationships with major corporations. In today's markets, these types of relationships are extremely valuable."