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ACTIVE
GRID TECHNOLOGY, INC.
The next
generation of energy storage devices
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Industry:
Battery and Power Efficiency
Shawn Kelly
Inventor,
CEO and CTO
Michael N. Galgana
Treasure /
Secretary and Vice President
Use of Funds:
Proof-of-concept product development and testing, and patent preparation
and filing |
Business Description:
Modern
batteries are limited in their ability to sustain an efficient
electrochemical conversion process. As the battery ages the conversion
process degrades, the battery performance declines and eventually the
battery will fail. AGT has developed a patented technology that uses
ultrasonic energy to increase battery performance by altering the
electrochemical conversion process, resulting in improved battery
efficiency, increased capacity, and extended service life.
Proof-of-concept testing has demonstrated performance improvements of
approximately 20-40%.
Company Background:
Active Grid
Technology Inc, was founded in 2003 and is located in Massachusetts.
Presently, AGT is largely a home businesses that require expansion and
necessary infrastructure to achieve success.
Management:
Mr. Kelly,
Inventor, CEO and CTO,
is a former Navy Nuclear Submarine Officer with extensive training in
power technologies, power efficiency, and shipboard systems and holds an
electrical engineering degree from Virginia Polytechnic Institute.
Mr.
Michael N. Galgana, an experienced and proven small business owner,
operates in the capacity of interim Treasure / Secretary and Vice
President of AGT Inc. to allow Mr. Kelly to focus on completion of AGT’s
technical work.
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Products/Services:
AGT will offer customized product
solutions to improve the efficiency of battery-based energy storage
systems. Efficiency gains are achieved through the injection of low
levels of ultrasonic energy, which modifies the electrochemical
performance within the battery and reduces its internal impedance. This
effect provides increased capacity, reduced charging times, and reduced
size, weight, and material needs. The ultrasonic energy is transferred to
the battery through a low power actuator, such as those in Figure 1, which
can be retrofitted onto existing batteries or can be incorporated directly
into the structure of new batteries.
Product-based customized solutions
will be determined through analysis of prospective customers’ energy
systems, development of the optimal mechanism and location to apply the
ultrasonic energy to their particular batteries, and testing to validate
the performance improvements. Additional value can be added to a
product-based offering through the incorporation of controls to optimize
battery impedance for a given application. Once validated, a customized
product-based solution will be licensed to customers for incorporation
into their energy systems.
AGT’s ultrasonic technology also
improves certain electrochemical conversion processes that are affected by
ultrasonic energy. Widespread industry examples to be pursued include
battery electrode formation and electrochemical plating. Process-based
customized solutions will be developed through analysis, development, and
testing of process changes to incorporate ultrasonic energy. Upon
validation, process-based solutions will be licensed to customers for use
in their internal production processes.
Technologies/Special
Know-how: Intellectual property patent protections are in place in the
United States, Canada and Europe in the field of ultrasonic energy for
improving electrical energy storage performance. Active Grid Technology Patent
Markets: Secondary
(rechargeable, multiple chemistry) battery manufacturers and system
integrators in the $9.2 billion secondary battery target market represent
the bulk of the battery market, and includes stationary and mobile
applications for industrial (e.g., vehicles, telecommunications),
commercial (electronics, power conditioning), and residential energy
storage.
Revenue will be generated through licensing and potential subcontracted
hardware manufacture.
Distribution Channels:
Direct sales designed to; 1) market AGT’s energy solutions to specific
applications already proven by laboratory testing such as the lead-acid
battery integrators and manufacturers, and 2) broad marketing campaign to
inform other energy storage component manufacturers and electrochemical
process users of the potential benefits of ultrasonic energy with their
products, systems, and processes.
Forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and actual results may differ materially
from those in the forward-looking statements as a result of various factors.
Although management believes that its expectations reflected in the
forward-looking statements are reasonable based on information currently
available, it cannot assure you that the expectations will prove to have
been correct. Accordingly, you should not place undue reliance on these
forward-looking statements. In any event, these statements speak only as of
the date of this presentation. The company undertakes no obligation to
revise or update any of them to reflect events or circumstances after the
date of this presentation, or to reflect new information or the occurrence
of unanticipated events.
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