Home > Press > QuantumSphere Revolutionizes $10B Platinum Catalyst Market
QuantumSphere to Manufacture Mass Quantities of the World’s Highest Quality Nanonickel to Replace Platinum as a Catalyst in Fuel Cells and in Other Applications
QuantumSphere Revolutionizes $10 Billion Annual Platinum Group Metal Catalyst Market
Three Broad Patent Applications Also Filed to Support Existing Technology Framework
Costa Mesa, CA | December 13, 2004
QuantumSphere, Inc., today announced it has filed three extremely broad patent applications for
nanonickel to support the company’s existing technology framework that will
enable QuantumSphere to manufacture commercial quantities of nanonickel
(n-Ni). QuantumSphere produces the highest quality and quantity of
nanonickel in the world. Nanonickel has the potential to replace platinum as
the main catalytic material in a variety of hydrogen fuel cells. A shift
from platinum to QSI-nanoTM nickel would result in a reduction in the cost
of fuel cell catalysts by up to 75%, based on current prices. The news
follows QuantumSphere’s announcement earlier in the year that it completed
the buildout of a large-scale reactor for the production of nanonickel
(n-Ni) that will be used to produce a renewable source of power to supply
the world’s energy needs.
“Companies and governments collectively waste billions of dollars a year as
a byproduct of their over-reliance on using platinum as a catalyst. As a
result, the annual $10 billion platinum group metal catalyst market will
inevitably be impacted by the fact that our nanonickel can be used to
achieve better results, for many of the same applications that people use
today, at a 75% cost reduction,” said Kevin Maloney, CEO, QuantumSphere,
Inc. “We welcome corporations and governments to see first-hand how
QuantumSphere has accomplished a monumental milestone in the history of the
global energy catalyst markets, as QuantumSphere is the only company that
can provide: consistent, narrow particle size distribution; low level of
agglomeration and impurities; custom-tailored oxide shell thickness; and the
highest purity nanonickel on the market,” Maloney added.
“Nanonickel can be used in the electrolytic membranes of various types of
fuel cells,” said Dr. Douglas Carpenter, Chief Scientific Officer and
Director of Research and Development, QuantumSphere, Inc. “The dramatic cost
reduction results from the fact that nanonickel will replace platinum as the
main catalytic material in the membrane, as nanonickel is 75% cheaper than
platinum. Nanonickel manufactured into the fuel cell membranes is far more
efficient and robust than pressed carbon in current membranes, which will
lead to a longer service life for the fuel cells,” Dr. Carpenter added.
Some of the markets QuantumSphere will enter include: power for automobiles;
remote, portable, and distributed power generation; residential, industrial
and commercial power systems; heavy equipment; consumer electronics; and
other government and military applications.
About QuantumSphere, Inc.
QuantumSphere manufactures leading metallic nanopowders for breakthrough
propellants, munitions and other energetic applications in the aerospace,
defense, energy and other markets demanding advanced material applications.
QuantumSphere’s exclusive manufacturing process provides: consistent, narrow
particle size distribution; low level of agglomeration and impurities;
custom-tailored oxide shell thickness; and the highest purity metallic
nanopowders on the market that are easier to transport and handle. The
company manufactures the highest quality of metallic nanopowder in the
industry without compromising its commitment to the environment. No other
company offers these performance advantages, as QuantumSphere has a 2-year
lead ahead of its competitors. The company will leverage its leading market
position in nanoaluminum (n-Al) to introduce nanonickel (n-Ni) applications
for fuel cells, and other applications including additives for plastics and
electromagnetic frequency shielding applications.
Partner, HighGround, Inc.
781-279-1320 x 208
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