"The shift to production by PowerGenix can be attributed to the positive response their new nickel-zinc batteries are receiving in the marketplace, particularly from the most demanding users of nickel-cadmium batteries. This is due to two factors. One, Nickel Zinc is the first new rechargeable battery chemistry in over 20 years and two, other chemistries have several serious shortcomings that are no longer acceptable in today's environment. For example: Nickel Cadmium is proven to be toxic, Nickel Metal Hydride has consistently been expensive, and Lithium Ion is unstable. Conversely, Nickel Zinc is proving to be safe and cost effective for many high power applications in addition to being the friendliest to the environment," continued Mr. Squiller.
Mr. Tang will reside at PowerGenix Research Center in Shenzhen, China and will work closely with the Company's manufacturing and supply chain partners such as Hunan Corun Hi-Tech. With the addition of Mr. Tang, PowerGenix now brings a powerful production team to the fore to meet production and quality expectations of their most demanding customers. "This coupled with our proprietary technology and intellectual property portfolio, was the last piece that had to be put in place before entering mass production," summarized Mr. Squiller.
"Consumer awareness and regulatory pressures worldwide are creating significant demand for clean and safe power storage solutions to replace older battery technologies. PowerGenix is now ready to answer those ever growing demands," stated Stanley Tang.
Mr. Tang has extensive experience in the development of manufacturing processes, quality control programs, and bringing new batteries into mass production. Most recently, he was in charge of Quality Assurance in Kingfisher Group, the largest retailer of electrical and electronic home improvement products in Europe. Prior to that, he served in various quality and engineering roles at Techtronic Industries (TTI) in China, one of the largest power tool manufacturers in the world.
Mr. Tang has a Masters degree in Enterprise Engineering Management from HKUST in Hong Kong and a Bachelors degree in Electrical Engineering from Western New England College.
About PowerGenix: Founded in 2000 and located in San Diego, California, PowerGenix has developed and patented a high-energy density, high-cycle life and low-cost Nickel-Zinc battery specifically designed to utilize existing Nickel-Cadmium manufacturing processes, techniques and equipment. With its patented rechargeable Nickel-Zinc battery technology, PowerGenix is pursuing applications ranging from cordless tools to hybrid electric vehicles to replace existing Nickel-Cadmium and Nickel Metal Hydride batteries in the multi-billion dollar rechargeable battery market.