Infinite Power Solutions Selects Site for Thin-Film Battery Manufacturing Facility
Infinite Power Solutions (IPS) announced that it has leased a new facility in Littleton, Colorado where it plans to build high-volume manufacturing lines for its LiTE*STAR™ rechargeable thin-film lithium batteries. The location will also serve as the company's new corporate headquarters. IPS recently raised more than $35 million in venture capital funding to finance the build-out of the manufacturing plant and accelerate business development based on the increasing demand for thin-film battery technology.
"This state-of-the-art manufacturing facility will further enable IPS to lead the industry in thin-film battery production capacity," said Raymond Johnson, IPS President and CEO. "We are excited to transfer this technology from our pilot production lab into volume production to serve government and commercial customers. We are proud to say our products will be produced here in the U.S. and bring more high-tech jobs to the Denver area," added Johnson.
IPS currently has 18 full-time employees and expects to increase staff as it ramps to volume production. The company will occupy the building in phases, beginning in March of 2007. IPS selected the Littleton location because it was in close proximity to its R&D facility in Golden, which it plans to maintain and use for technology and product development.
IPS is a privately-held, U.S. venture-backed technology company that develops and manufactures LiTE*STAR,™ solid-state, rechargeable, thin-film lithium batteries for use in portable and remote powered devices. IPS micro-batteries offer advanced performance in an ultra-thin form factor for many applications including military, aerospace, smart cards, active RFID, implantable medical devices, embedded micro-controllers and wireless sensors. The company claims that its LiTE*STAR micro-batteries will not burn, fume, leak or explode, and can operate over extreme temperature conditions.