ADAPTIVENERGY ANNOUNCES STRATEGIC INVESTMENT AND TECHNOLOGY DEVELOPMENT AGREEMENT WITH IN-Q-TEL
May 15, 2007
Energy harvesting innovator AdaptivEnergy LLC, announced today that it has entered into a strategic investment and technology advancement agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the mission of the Central Intelligence Agency (CIA) and the broader Intelligence Community (IC).
“Our partnership with In-Q-Tel underscores the strength of our technology and the novel capabilities we bring to the table to aid national security,” said Mike Rocke, President and CEO of AdaptivEnergy.
AdaptivEnergy’s Joule-Thief™ is an advanced energy harvesting device that can use any movement, from the motion of a person walking, flowing air or water, or even a door opening and closing, to create and store electricity. Powered by RLP™ technology, this clean and green device captures vibrational energy and converts it to electrical energy which can be used to power remote sensors or to extend the battery life of handheld mobile electronic products.
“AdaptivEnergy’s technology offers groundbreaking capabilities in energy harvesting,” said Troy M. Pearsall, In-Q-Tel’s Executive Vice President of Technology Transfer. “In-Q-Tel is thrilled with the AdaptivEnergy partnership, and with the promise of further significant developments in alternatives to batteries for a wide variety of commercial and government applications.”
AdaptivEnergy eliminates batteries or extends battery life with its Joule-Thief™ energy harvester and reduces power consumption in devices powered with its RLP™ actuators. AdaptivEnergy’s innovative products enable customers to create smaller handheld devices for consumer and medical applications, improve performance in industrial automation, and eliminate batteries from automated and wireless devices. AdaptivEnergy creates electrical energy and mechanical work in an environmentally and space efficient manner.
About AdaptivEnergy
AdaptivEnergy is a leading innovator of miniature piezo actuators and generators that are replacing traditional motors and solenoids where small size and low power are required. Like the transistor replacing the vacuum tube, the ceramic materials used in AdaptivEnergy’s RLP™ products are smaller and lighter than the magnets and copper coils in electromagnetic devices. This enables the miniaturization of products using pumps, valves, regulators, fans and electric generators.
AdaptivEnergy devices are used by tier 1 suppliers in the Industrial Automation, LED Lighting, Industrial Hygiene, Portable Fuel Cell, GPS Location, and Commercial Thermal Management markets.
AdaptivEnergy is a privately held company based in Hampton, VA. Joule-Thief™ and RLP™ are trademarks of AdaptivEnergy, LLC. For more information on AdaptivEnergy or its green and clean technology visit our Website at www.adaptivenergy.com.