Prieto Battery teams with Intel to advance batteries for computers
Posted: November 10th, 2015
Prieto Battery, a Colorado State University spinoff company, has announced a business collaboration with Intel’s New Business Group, and an initial investment from Intel Capital.
The announcement came during the Intel Global Summit in San Diego, Nov. 3.
Prieto Battery was co-founded in 2009 by Associate Professor of Chemistry Amy Prieto to commercialize her lab’s 3-D lithium-ion battery technology.
The collaboration with Intel is aimed at accelerating the introduction of Prieto’s full, 3-D solid-state battery cell into the marketplace.
Prieto has agreed to complete a series of milestones to demonstrate the company’s battery performance and readiness, with a focus on improving the performance of the battery against size, energy density and complexity vectors. Intel will stage their investment to each milestone; in exchange, Prieto will grant Intel the ability to implement the technology first in computing devices.
“This commitment from Intel, one of the global leaders in computing devices, is important for us at this stage of our company,” said Prieto, who is CEO, CSO and co-founder of Prieto Battery. “We’ve been deliberate about trying to build relationships with companies like Intel that can help shape our commercialization roadmap and deliver strategic value for all stakeholders – most importantly, the end user of the technology.”
Read more at SOURCE.