Contact Information: PowerGenix Contact: Joseph Carcone Vice President Business Development 858.547.7300 joe.carcone@powergenix.com www.powergenix.com Agency Contact: Jennings & Associates PJ Jennings 760.431.7466 pj@jandacommunications.com www.jandacommunications.com
Todd Tatar Joins PowerGenix as Vice President of Product Development; Battery Industry Veteran to Help Bring Innovative Nickel-Zinc Technology to Marketplace
| Source: PowerGenix, Inc.
SAN DIEGO, CA -- (MARKET WIRE) -- October 25, 2006 -- PowerGenix, Inc. (www.powergenix.com), a
leading developer of high-rate discharge, rechargeable nickel-zinc (NiZn)
batteries, today announced that Todd F. Tatar has joined the company's
management team as vice president of product development. In this role,
Tartar will be responsible for implementing new product design elements and
bringing PowerGenix's innovative nickel-zinc sealed rechargeable battery
products to market in the near future.
Tatar joins PowerGenix from SANYO Energy (USA) Corporation where he was
responsible for battery product development, production implementation and
Information Technology (IT). During his 15-year tenure at SANYO, Tatar held
hi-level director, engineering, ERP operations and sales management
positions.
"We are very pleased to have Todd join our growing team. With his extensive
knowledge of various battery technologies and product development
expertise, Todd has both the technical and management talent to take our
ground-breaking nickel-zinc battery technology to market," stated
PowerGenix CEO Dan Squiller. "Based on this experience and vast knowledge,
his decision to join PowerGenix speaks to the strength of our technology
and the potential for our cells to offer the first attractive alternative
to nickel-cadmium (NiCd) and nickel-metal hydride (NiMH) in many large
segments."
PowerGenix has developed and patented a next-generation NiZn rechargeable
battery technology especially suited as a replacement in high power NiCd
and NiMH applications. PowerGenix's initial products will target high rate
discharge applications such as cordless power tools as well as military
applications, with longer-term plans to enter other markets including the
emerging Hybrid Electric Vehicle (HEV) and selected consumer product
segments. The company's battery technology offers key strategic advantages
including high performance, low cost and safety -- all without the toxic
environmental impact associated with today's commonly used rechargeable
nickel-cadmium batteries.
"I'm very excited to join the PowerGenix team and to be instrumental in
bringing their innovative nickel-zinc batteries to the marketplace,"
commented Todd F. Tatar. "While other companies have been working on
perfecting various battery chemistries, PowerGenix is the first to overcome
the technical hurdles that have kept nickel-zinc technology from moving
forward in the past. I look forward to being a part of this very exciting
technology."
Tartar brings nearly 25 years of engineering, software, manufacturing and
management expertise to PowerGenix. He has held senior positions with some
of the nation's leading corporations, including SANYO Energy (USA.) Corp.,
Martin Marietta Aerospace, Gould Electronics and GE Automation Systems.
Tatar holds a Bachelor of Science in Chemistry and a Bachelor of Science in
Engineering from the University of South Florida. For more information on
PowerGenix's innovative battery technology, visit www.powergenix.com or
call 858.547.7300.
About PowerGenix:
Founded in 2000 and located in San Diego, Calif., PowerGenix has developed
and patented a high-energy density, high-cycle life and low-cost
nickel-zinc (NiZn) battery that is specifically designed to utilize
existing nickel-cadmium (NiCd) manufacturing processes, techniques and
equipment, thereby significantly reducing time-to-market and eliminating
costly equipment design steps. With its patented rechargeable NiZn battery
technology, PowerGenix is pursuing applications to replace existing NiCd
and nickel-metal hydride (NiMH) batteries in the multi-billion dollar
rechargeable battery market.