[SPN-Discussion] NY Funders breakfast Feb. 12: a 25 year, low-power battery. Call-in available

[Gelvin Stevenson]

Greetings,

 

            Tired of changing the batteries on your pacemaker? 

 

            Want to make sure those drums containing nuclear waste aren't
tampered with?

 

            Widetronix has your answer. The company, commercializing a
technology out of Cornell University, designs and builds low power, long
life batteries for microelectronics. This is an innovative class of battery,
based on betavoltaics, which produces very, very small electrical currents
for over 25 years. 

 

Similar to photovoltaics, these devices collect electrons and turn them into
a current. However, betavoltaics get their electrons from decaying isotopes
using a proprietary silicon carbide diode in a small semiconductor package.
Betavoltaics are uniquely capable of providing continuous power for ultra
low power requiring a small footprint and/or long lifetimes (>25 years).
Customers have validated that chemical batteries cannot offer such energy
density and lifetime cost effectively. 

 

The company has identified over $2B in addressable US market potential in
the defense and medical industries for Ultra Low Power applications. Market
entry is focused on customers in the Department of Defense seeking
low-power, long-life batteries for anti-tamper applications. Growth is
focused on applications in the medical sector powering MEMS-based implants
and telemedicine applications, anticipated for introduction in 3 to 5 years.
Widetronix is currently developing a prototype battery to service this
market in collaboration with a major medical implant company.    

 

As Jonathan Green, CEO, will explain, Widetronix is a privately held
C-corporation formed in 2003. Management has raised over $3M in grants and a
$250K seed investment round from Drapher Fisher Jurvetson and DFJ Gotham
Ventures. The company intends to launch a $5M Series A financing in 1Q 2010
to fund product development, a manufacturing facility, and expansion of the
management team. 

 

Please register at www.ceepinc.org. Note that we now offer call-ins. Once
you have registered, and pay the $20 fee, we will send you the number and,
before the meeting, a copy of the presentation slides.  

 

Call-ins are now available. After you have registered (also at
www.ceepinc.org and before 5pm on Wednesday, please), we will send you the
phone number and, when available, the presentation slides. There is a $20
fee. We plan to have this registration option available by Wednesday, Feb.3
by close of business. 

 

Please contact me with any questions.

 

Regards,

Gelvin 

 

Gelvin Stevenson, Ph.D.

Program Director 

Center for Economic and Environmental Partnership, Inc.

212-222-4369

917-599-6089

 

 

 

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