Thin-film Batteries Attract Funding

10/01/2006

GOLDEN, CO - To build high-volume manufacturing facilities for its proprietary thin-film batteries, Infinite Power Solutions (IPS) attracted funding from existing and new corporate investors. Part of the $34.7 million investment will go toward business development and technological innovations.

Investors include the D.E. Shaw Group, Polaris Venture Partners, Core Capital Partners, Applied Ventures LLC, Advanced Energy Technologies, and Springworks. The board of directors will include representatives from the investors, the company, and Tucson Electric Power. IPS thin-film micro-batteries are mass-produced on a thin, inexpensive, flexible substrate.