SOURCE: Porous Power Technologies

April 23, 2007 09:30 ET

Breakthrough Battery Technology Showcased at Angel Capital Expo

Porous Power Technologies to Present Patent Pending Clean Technology to Over 300 Angel Investors and VCs at Keiretsu Forum's Angel Capital Expo

SAN FRANCISCO, CA -- (MARKET WIRE) -- April 23, 2007 -- Porous Power Technologies, an emerging manufacturer of performance- and life-enhancing components for lithium batteries, will present its innovative technology on April 25 at an investment exposition organized by the Keiretsu Forum, the nation's largest investment community of private equity (angel) investors, VCs and corporate investors.

Porous Power Technologies' ultraporous polymer membrane is used as a separator between battery and ultracapacitor electrodes, keeping them from shorting while enabling significantly faster charging, better high-rate capacity, and longer cycle life than competing products. The new patent-pending membrane could improve performance for all of the $6B worth of lithium batteries sold each year, and manufacturers of batteries for Hybrid Electric Vehicles are excited about its promise to extend pack life and reduce cost. Toyota has announced that it expects to produce 1,000,000 HEVs annually early in the next decade, all of which are expected to have lithium-ion batteries.

Tim Feaver, President and CEO of Porous Power, said, "We're excited to be working with the Keiretsu Forum's new Cleantech Investment Committee. So many alternative energy solutions are critically dependant on good batteries, and the opportunity to reach so many accredited investors at once will be a great kickoff for our next funding round to help speed this technology to market."

Keiretsu Forum provides a structured approach to private equity investments, allowing like-minded business leaders to work together in assessing investment opportunities and then make individual investment decisions.

About Keiretsu Forum

With 12 chapters and over 500 accredited investor members throughout the world, Keiretsu Forum (www.keiretsuforum.com) is the largest North American angel investment network. Keiretsu Forum members have invested over $130 MM in 145 Companies and provide early-stage capital in the range of $250K-$2MM to high-quality, diverse investment opportunities and collaborate in the due diligence, but make individual investment decisions.

About Porous Power Technologies www.porouspower.com

Porous Power Technologies (PPT), in Lafayette, Colorado, produces innovative ultraporous polymer components to improve the performance of the lithium-ion batteries used in power tools, hybrid electric vehicles, and nearly every portable electronic device today. PPT products, named the "2005 Advanced Energy Storage Technology Innovation of the Year" by Frost and Sullivan, enables charging up to 50% faster, high-rate capacities up to 4 times greater, and a potential doubling of cycle life. PPT is negotiating with manufacturing partners to rapidly scale up production to meet industry needs.

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