Wednesday, August 6, 2008

PowerGenix Gets Safety Certification

San Diego-based PowerGenix announced this morning that the firm's high-performance, rechargeable nickel-zinc batterires have met Undewriters Laboratories' requirements for safety and reliability. The firm, which is developing replacements for Nickel Metal-Hyddrige (NiMH) and Nickel-Cadmium (NiCd rechargeable batteries, uses Nickel-Zinc (NiZn) technology. According to the firm, the UL certification meets requirements for household and commercial battery safety. The testing was performed by Motorola product Testing Services. PowerGenix is venture backed by Advent International, Angeleno Investors, Braemar Energy Ventures, DFJ Element, GGV Capital, OnPoint Technologies, and Technology Partners. The firm's batteries are expected to offer around 30 percent more power than existing batteries.