Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > Press > Contour Energy Systems Lands New Series C Funding: Latest Funding Round for Next-Generation Battery Company to Expand R&D Efforts, Production Capacity Expansion and Working Capital Funding

Abstract:
Contour Energy Systems, an innovative portable power company commercializing next-generation battery systems, today announced it has successfully raised a Series C round of financing from Singapore's leading global fund, EDBI (EDB Investments Pte Ltd.) and previous investors CMEA Capital, Harris & Harris, Schlumberger and U.S. Venture Partners.

Contour Energy Systems Lands New Series C Funding: Latest Funding Round for Next-Generation Battery Company to Expand R&D Efforts, Production Capacity Expansion and Working Capital Funding

Azusa, CA | Posted on June 21st, 2011

Contour Energy will apply this latest round of funding to expanding its breakthrough research and development efforts, production capacity expansion and funding working capital growth. These parallel initiatives are specifically designed to commercialize and accelerate time-to-market cycles for its portfolio of next-generation primary and rechargeable batteries targeting applications in automotive, consumer, industrial, medical and military markets worldwide.

"We view Contour's next-generation battery technology as potentially disruptive and differentiated from existing energy storage alternatives," said Ms. Chu Swee Yeok, Chief Executive Officer of EDBI. "Locating Contour's Asian headquarters and R&D center in Singapore, an international business hub with a vibrant R&D landscape, will expedite the commercial rollout of Contour's game-changing technology. Contour will be well placed to tap on EDBI's extensive networks and connections to expand its global footprint through new business opportunities in Asia and the world."

Contour Energy is applying its breakthrough advancements in carbon fluoride chemistry, nanomaterials science and manufacturing processes for next-generation primary and rechargeable portable power systems.

"In this turbulent economy, Contour's ability to raise another significant round of funding is an impressive achievement and another key milestone for the company," said Mr. Maurice Gunderson, Contour Energy Systems' chairman of the board and venture partner with CMEA Capital. "And with the addition of Singapore-based EDBI as another strategic investor, Contour is adding a key partner with important ties in Asia."

Comprised of decorated battery industry veterans and research specialists including co-founder Dr. Robert Grubbs, a Nobel Laureate in chemistry with Caltech, Contour has amassed over 45 patented and patent-pending technologies. The company also maintains exclusive technology licensing agreements with the California Institute of Technology, CNRS and the Massachusetts Institute of Technology, as well as strategic partnerships with Jet Propulsion Laboratory, NASA, Schlumberger, and other academic and private institutions.

"Our latest funding round is especially gratifying on two fronts," said Mr. Joe Fisher, Chief Executive Officer with Contour Energy Systems. "We've added another strategic investor with the addition of EDBI and we're the beneficiaries of continuing investment support and counsel from our original investors CMEA Capital, Harris & Harris, Schlumberger, and US Venture Partners. With the involvement of EDBI, Contour has strategic in-roads into key Asian market opportunities and R&D initiatives."

####

About Contour Energy Systems, Inc.
Contour Energy Systems is an innovative portable power company commercializing customizable battery technologies for a wide range of cross-industry applications. Contour’s next-generation battery systems are designed to deliver unprecedented improvements in energy and power density, and are capable of performing in extreme operating conditions at significantly improved costs. Founded through the collaboration of Caltech and CNRS, the French National Center for Scientific Research, the company combines expertise in nano-materials science, patented Fluorine-based battery chemistries and manufacturing processes to significantly advance the state of portable power. Headquartered in Azusa, CA, Contour Energy is managed by a world-class team of battery industry leaders from Caltech, Energizer, General Electric, Hewlett-Packard, Sanyo and Valence Technologies. The company is privately held.

About EDBI

EDBI (EDB Investments) is a leading strategic investment firm headquartered in Singapore with a worldwide presence investing to drive growth opportunities within the knowledge and innovation-intensive sectors of Biomedical Sciences, Clean Technologies, Internet & Digital Media, as well as other strategic industry clusters with commercial potential. As a value adding investor, EDBI creates sustainable and synergistic partnerships with its portfolio companies, leveraging on its broad network of resources and experience to facilitate the companies’ growth in Asia and the world, through their operations in Singapore. For more information on EDBI, please visit www.edbi.com/

For more information, please click here

Contacts:
Gallagher Group Communications
Kevin Gallagher
510-599-0416

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

Ageing can drive progress: Population ageing is likely to boost medicine, nanotechnology and robotics, but increase political risks July 27th, 2016

WSU researchers 'watch' crystal structure change in real time: Breakthrough made possible by new Argonne facility July 27th, 2016

Enhancing molecular imaging with light: New technology platform increases spectroscopic resolution by 4 fold July 27th, 2016

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

NanoLabNL boosts quality of research facilities as Dutch Toekomstfonds invests firmly June 10th, 2016

Oxford Nanoimaging to provide desktop super-resolution microscopes May 10th, 2016

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Philadelphia Mathematician Robert Clark Turns to Crowdfunding to Support Nanotechnology Research That Could Lead to ‘Flying’ Cars and Space Elevator April 4th, 2016

Announcements

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

Ageing can drive progress: Population ageing is likely to boost medicine, nanotechnology and robotics, but increase political risks July 27th, 2016

WSU researchers 'watch' crystal structure change in real time: Breakthrough made possible by new Argonne facility July 27th, 2016

Enhancing molecular imaging with light: New technology platform increases spectroscopic resolution by 4 fold July 27th, 2016

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

New nontoxic process promises larger ultrathin sheets of 2-D nanomaterials July 27th, 2016

New lithium-oxygen battery greatly improves energy efficiency, longevity: New chemistry could overcome key drawbacks of lithium-air batteries July 26th, 2016

An accelerated pipeline to open materials research: ORNL workflow system unites imaging, algorithms, and HPC to advance materials discovery and design July 24th, 2016

Synthesized microporous 3-D graphene-like carbons: IBS research team create carbon synthesis using zeolites as a template July 1st, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic