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PARIS, FRANCE – November 15, 2005. Solicore Inc. announced today that it has been awarded a United States patent for the invention of a battery using a polymer matrix electrolyte (PME) separator that provides unique abilities with regard to performance, form factor, safety, and application.
Solicore provides technology solutions for embedded power applications. The company’s patented, next generation solid state electrolyte has been developed to answer the challenge for more power in ever smaller applications where a thin form factor, flexibility and safety are important design criteria. Solicore has combined state-of-the-art manufacturing with our proprietary technology to produce superior embedded power solutions. The company’s flagship lithium polymer ion battery, Flexion™, will help customers realize new applications requiring power in never before seen form factors.
“This patent further validates the unique technology of our Flexion Battery. We have optimized the design of this battery to serve three key markets; next generation of powered smart cards, RFID and micro-medical devices.” said David Corey, CEO of Solicore. “Our Flexion battery provides an embedded power solution for a host of micro electronics applications that have never before been possible. Our unique form factor and performance can enable all kinds of applications such as powering an Integrated Circuit (IC) inside a smart credit card. Our technology can revolutionize how power is supplied for generations to come”
Credit card manufacturers generally refer to the next generation of credit cards as smart cards. In the highly competitive market for credit cards, card issuers are constantly searching for ways to increase the value their cards provide customers. Solicore’s technology enables new features and functions for these cards enabling card issuers to maintain a competitive advantage. In addition, Flexion is the only solid state battery technology that is commercially available on the market today that can withstand the high temperature lamination process used in the manufacture of most credit cards.
The radio frequency ID market, or RFID, continues to create new applications for many industries; including time and temperature sensors, access, authentication, patient monitoring and more. Solicore provides a reliable, safe, high performing form factor that opens up new applications by providing embedded power solutions in a new thin, flexible design. This will allow a host of new applications in semi-active and active RFID tags.
Advancing technology and scientific breakthroughs have opened whole new areas of research in medical devices. Flexion, Solicore’s lithium ion battery solution; enables a small, thin, and flexible power source to be embedded into a micro medical device. Having the ability to embed a safe power solution into new devices such as a drug delivery patch has opened new doors for new applications in treating the human condition.
With a strong market leadership position and the award of this new technology patent; Solicore will continue to extend its leadership in our target markets as the premier provider of embedded power solutions.
Solicore develops, manufactures, and markets ultra-thin flexible lithium polymer batteries under its Flexion brand that serve the smart card, RFID and medical device markets. Our patented solid-state electrolyte has helped create an enabling battery technology that now provides portable power solutions for battery operated products that were not conceivable until recently. Solicore’s Flexion lines of primary and secondary lithium polymer batteries are ultra-thin, flexible, safe, and environmentally friendly. Flexion batteries operate over a wide temperature range and are ideal for high temperature manufacturing such as the hot lamination process used in producing most credit cards and smart cards. Solicore's headquarters, R&D and manufacturing facilities are located in Lakeland, Florida. For more information, visit www.flexion.com or www.solicore.com.
This press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause Solicore, Inc's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. Solicore, Inc. assumes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the battery industry, and changes in domestic and international market conditions, and foreign exchange rates.
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