Dynasty Signs MOU for Battery Flywheel Technology

August 29, 2001 by Jeff Shepard

Dynasty Motorcar Corp. (Kelowna, BC) has signed a memorandum of understanding (MOU) with Mario Gottfried, of Mexico City, for the rights to Gottfried's patented zero-emission Cubic Electro-Mechanical Battery (CEMB) technology. The agreement grants Dynasty the exclusive rights to develop, manufacture and distribute this technology for mobile, stationary and portable applications worldwide, with the exception of Mexico.

The CEMB, utilizing flywheel and capacitor technologies, is unique as it offers previously unobtainable energy densities for kinetic energy-storage devices. Current projections are that one CEMB, measuring about 20sqin, installed in a Dynasty IT low-speed vehicle, will offer a substantially increased vehicle range of up to 100km while being 60 percent less expensive than NiCd or NiMH batteries. Also, compared to these electro-chemical batteries, the CEMB offers a much longer life cycle (over 10 years) to the end user, with the ability to rebuild the unit by incorporating new material technologies as they become available. Dynasty plans to stack multiples of the CEMB in high-speed electric vehicles for station car and taxi applications.

"This is a significant achievement for Dynasty as it provides the company with the potential of its own power supply source as well as an additional revenue stream," stated Kelly Kennedy, president of Dynasty Motorcar. "This new power source offers a very wide range of applications for neighborhood electric vehicles, golf cars, automobiles, industrial equipment (forklift trucks, etc.), and stationary power back-up systems in commercial and industrial applications. We plan to have a prototype in operation within six months and anticipate that we could begin production of the CEMB battery in late 2002 or early 2003."