Moltech Announces Name Change to Sion Power

July 25, 2002 by Jeff Shepard

Moltech Corp. (Tucson, AZ) announced that it will begin doing business as Sion Power Corp., effective immediately. The name change emphasizes the company’s objective of incorporating the power of sulfur-ions into rechargeable lithium batteries for mobile electronic markets.

President and CEO Frank Shinneman stated, "Accordingly, we chose to combine the letter ‘S’ - the chemical symbol for sulfur – with the words ‘ion’ and ‘power’ into a new name that helps to better communicate our company’s primary focus."