Enevate Next-Generation Li-Ion Battery Company Strikes Lease at University Research Park
Enevate Corp., a developer of next-generation rechargeable lithium-ion batteries for smartphones, tablets and other applications, has leased about 22,000 square feet of space at the Irvine Company’s University Research Park, a 185-acre campus designed to foster collaboration between industry and academia.
The company is relocating its headquarters in January to 101 Theory in University Research Park from the Irvine Spectrum area, where it now has about 7,000 square feet of space. Enevate has about 30 employees and is looking to grow to more than 50 by the end of 2012.
Enevate develops advanced lithium-ion batteries utilizing its novel HD-Energy™ Technology that enables significantly higher energy density when compared to today’s conventional batteries. Enevate’s HD-Energy batteries for smartphones and tablets are smaller, significantly thinner and provide for longer runtime, addressing major consumer complaints.
The company selected University Research Park for its proximity to John Wayne and Los Angeles International airports, major freeways, the area’s pool of employees and to be next to the University of California, Irvine, according to Brian Wong, Enevate’s president and chief executive officer.
"Enevate intends to revolutionize 3G and 4G smartphones and tablets by achieving significantly longer battery runtime and with thinner form factors, while also powering the next-generation of hardware features and software capabilities," Wong said. "University Research Park, alongside a university that is a leader in energy storage, is the perfect setting to do that."
Enevate evolved from UCI research. Dr. Benjamin Park, Enevate’s cofounder and chief technology officer, earned his doctorate in mechanical and aerospace engineering from UCI, where he worked on the technology behind Enevate’s batteries with Professor Marc Madou, who sits on the company’s technical advisory board and also is a cofounder.
"With cutting-edge products and ties to UCI, Enevate is ideally suited to University Research Park," said Steve Case, Executive Vice President of Irvine Company Office Properties. "Enevate showcases URP’s role as a hub for growing companies and for research done in collaboration with UCI."
