Welcome!

News Feed Item

Grafoid Advances Commercialization of its MesoGraf(TM) Graphene: Buys IndyCar and Formula 1 Li-ion Battery Pioneer Braille Battery, Inc.

OTTAWA, ONTARIO -- (Marketwired) -- 09/02/14 -- Grafoid Inc., a complete solutions graphene company, announced today its acquisition of Braille Battery, Inc. of Sarasota, Florida - an internationally recognized developer and manufacturer of advanced, lightweight lithium ion automotive batteries.

Financial details of the acquisition were not released.

Braille Battery is a global leader in the development, production and sales of ultra lightweight lithium ion high performance batteries and seller of the world's first environmentally sustainable AGM carbon fiber batteries for IndyCar, NASCAR, Formula 1 racing cars, motorcycles and batteries for the marine industry.

Under the terms of the agreement, Grafoid acquires a 75% ownership interest in Braille while Braille's founder, Mr. Blake Fuller, will continue to lead the company as President and Chief Operating Officer.

Mr. Fuller is a championship race car driver, engineer and developer of the first lithium starting battery and GO PUCK, a pocket sized mobile power supply. He founded Braille Battery in 2002 and continues to develop lightweight power solutions across all sectors.

Braille Battery has a history of successfully commercializing new battery technologies.

Gary Economo, Grafoid's Chief Executive Officer said the purchase of Braille Battery paves the way for Grafoid's commercialization of high performance, next generation MesoGraf™ lithium batteries.

"Grafoid's high-energy performing MesoGraf™ graphene combined with Braille's cutting edge engineering and manufacturing capabilities create a perfect fit for adapting a novel power source to the needs of our future electric vehicle manufacturing customers," Mr. Economo said.

"In commercial terms, the benefits of a 100% controlled supply chain are immeasurable," Mr. Economo added. "MesoGraf™ holds the potential to become a powerful, high-performing energy source.

"And with supply chain control, Grafoid moves into a globally unique position to lead change in the electrification of transportation industries," Mr. Economo said. "While we will continue our focus on Formula 1, NASCAR and IndyCar markets, we'll also be pursuing all racing platforms."

Mr. Economo said Grafoid intends to further expand its reach into the global battery industry by developing advanced battery applications and products for the medical, military and marine sectors.

Mr. Fuller described the transaction as "an exciting advancement in corporate development because it will allow us to take 21st century technologies and move them into the not-so-distant future.

"From our initial discussions with Grafoid's President and Chief Technology Officer, Dr. Gordon Chiu, it was very clear that Braille Battery was the perfect vehicle for winning the race to market for graphene technology," he said.

"The diverse capabilities of MesoGraf™ graphene will enable Braille Battery to improve not only lithium ion batteries, but other transportation power technologies," Mr. Fuller said.

With research and development and MesoGraf™ production facilities in Canada and Singapore and with the commissioning of its United States' production facility later this year, Grafoid is the world's largest producer of few layer, high-purity, high energy density graphene.

About Braille Battery, Inc.

Founded in 2002 by Mr. Blake Fuller, Braille Battery is a pioneering battery manufacturing and energy storage solutions company with a complete line of lightweight high powered battery systems for the transportation market. Braille developed the world's first commercially available automotive lithium starting battery and has grown to become the highest volume producer of automotive lithium starting batteries.

With a rich history dominating motorsports from NASCAR to IndyCar, Braille has developed solutions that are applicable to the demanding, highly profitable specialty automotive, marine, defense, medical, and aerospace markets. With international patents pending on over 20 core technologies, Braille brings superior performing products to market with a simplified manufacturing process with exclusive designs. With over 500 international resellers, 100 web domains, and trademarks and copyrights on 25 attractive branding elements, Braille's experienced marketing team has continued to fast track growth to become a global market leader in niche, high performance batteries.

Braille's ISO compliant, GSA/CCR registered design, engineering and manufacturing facility in Sarasota, Florida forms a global distribution and contract manufacturing hub extending to the United Kingdom, Germany, Australia, Japan, China and Singapore.

Braille Battery was adopted as the official business name to reflect that electrical performance and lightweight benefits are often only felt and not seen. The company's focus is to produce products that are lighter, stronger and faster.

For additional company information please visit: www.braillebattery.com

About Grafoid Inc.

Incorporated in Ottawa, in September 2011, Grafoid is a graphene development and investment company partnered with Focus Graphite Inc., owner of the high-grade Lac Knife, Quebec graphite deposit, and; graphene producer Graphite Zero Pte Ltd. and the National University of Singapore's Graphene Research Center - one of the premier graphene R&D institutes in the world - all of whom are now represented at Grafoid's Innovation Park facilities in Kingston, Ontario.

Grafoid's leading investment results in a game-changing process that sets a global standard for economically scalable graphene products, universally trademarked as MesoGraf™.

Grafoid Inc. is a privately held Canadian corporation investing in MesoGraf™ high-energy density graphene applications and economically scalable production processes for pristine bilayer and trilayer graphene and MesoGraf™ derivatives from raw, unprocessed, graphite ore.

The company is engaged in the development of graphene patent joint ventures globally, in the areas of renewable energy, advanced polymer materials, biomedicine, thermal dispersion technologies, coatings and a number of classified material development projects. Focus Graphite, Inc. (TSX VENTURE: FMS)(OTCQX: FCSMF)(FRANKFURT: FKC) holds a significant interest in Grafoid on behalf of its shareholders.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...