Signet International Holdings has announced a Letter of Intent for the acquisition of HyCarb, a Florida-based company operating in association with the University of Central Florida in Orlando, Florida to develop graphene-enhanced batteries.
HyCarb has reported that it is currently completing the prototype of its first phase, the "HyCarb Coin Cell Battery". The battery is expected to be ready for manufacturing within the next year. "This new generation Graphene battery has proven to be amazing," says Signet's president Thomas Donaldson. "Within the next twelve months, we will be on the market delivering a coin cell battery far superior than the Lithium Ion battery in use today."
"Our batteries have five times the life of the regular Lithium Ion Batteries," says Ms. Sigrid Cottrell, CEO of HyCarb. "We can deliver a true eco-battery that is a "greener," safer battery whose unique attributes include being quicker to charge with a much greater electric storage capacity. It is less toxic, up to 99% recyclable and has no thermal runaway, so it will not catch fire."
Donaldson added that upon full subscription to its Private Placement, the company would proceed to set up its pilot plant to commercialize these coin cell batteries and create it's next generation of batteries that will include; pouch cell, 10 Kilowatt hour and the beginning formulations for their one Megawatt hour batteries. It will also meet the criteria of many other industrial demands such as: wearable and portable electronics, home and commercial utilities, medical devices, grid renewable energy and micro grids.
HyCarb has also met with agencies of the Department Of Defense whose requirements HyCarb will meet to optimize power supply and reduce diesel fuel use. HyCarb will be able to furnish a new process of re-charging electric cars and creating a reliable ultra-lightweight battery for the aerospace industry.