Recent Press
AquaLith Receives Investment from Maryland Momentum Fund
AquaLith Advanced Materials, a Maryland company developing revolutionary lithium ion battery materials, has completed its first outside investment, raising $750,000 from the Maryland Momentum Fund (MMF) and a consortium of private investors.
This funding will allow AquaLith to expand its development laboratory and start production of sample products. The technology is based on the work of Professor Chunsheng Wang, the Robert Franklin and Frances Riggs Wright Distinguished Chair in the A. James Clark School of Engineering at the University of Maryland, College Park (UMCP), in collaboration with Kang Xu, a Fellow at the U.S. Army Combat Capabilities Development Command Army Research Laboratory, now known as DEVCOM, Army Research Laboratory.
Read the entire press release here.
Innovate Maryland Awards
We are thrilled to announce that our technology won the Overall and Physical Science Invention of the Year at the University of Maryland’s 2021 Innovate Maryland event. You can watch the replay below.
AquaLith Licenses Lithium-Ion Battery Technology
AquaLith has exclusively licensed a portfolio of lithium-ion battery patents from the University of Maryland.
Based on the work of Chunsheng Wang, the Robert Franklin and Frances Riggs Wright Distinguished Chair, Department of Chemical & Biomolecular Engineering, Department of Chemistry & Biochemistry, in collaboration with Kang Xu, ECS Fellow, ARL Fellow, Team Leader, Senior Chemist at U.S. Army Research Laboratory. The technology includes a new ultra-high energy cathode, a novel silicon anode, and a non-flammable aqueous electrolyte.
These batteries store significantly more energy and contain no transition metals, which offer lower production costs. The batteries have been demonstrated to work efficiently below -50C and the water-based electrolyte dramatically reduces the risk of a fire in the event of a short circuit.
Read the entire press release here.