[SPN-Discussion] NY Funders for February 12: WideTronix is developing 25-year batteries for medical implants, security and logistics

[Gelvin Stevenson]

Greetings,

 

Changing your batteries in your flashlight isn't a big deal, but in your
pacemaker? Or a neurological implant? There are a large and growing number
of applications for long-lived, low-power batteries-an estimated $2 billion
worth in the US defense and medical industries. Widetronix, with support
from the Department of the Navy and capital infusions from Draper Fisher
Jurvetson and DFJ Gotham Ventures, is developing such batteries.

 

Widetronix's batteries are based on betavoltaics, which continuously
produces very, very small electrical currents. (In the nA to uA range.)
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.
This technology is based on a patent licensed from Cornell and patents
pending filed by the company. Widetronix has raised over $3M in grants and a
$250K seed investment and intends to launch a $5M Series A financing in 1Q
2010 to fund product development, a manufacturing facility, and expansion of
the management team. 

 

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 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.    

 

Jonathan Greene, a successful serial entrepreneur, will describe the
company's technology and marketing strategy. 

 

Please register now at www.ceepinc.org. 

 

Agenda and address are on the web site, and repeated here:

 

On Friday, February 12, we'll gather at 8:00am, begin the program at 8:30am
and end it at 10:00am.  

 

Dickstein Shapiro, LLC

1633 Broadway, between 50th & 51st Streets, 32nd floor

New York, New York 10019-6708



Best,

Gelvin 

 

Gelvin Stevenson, Ph.D.

Program Director 

Center for Economic and Environmental Partnership, Inc.

917-599-6089

 

 

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