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Description of Company and Technology AGT is a high-technology company that has developed new techniques for improving the performance and efficiency of standard storage batteries. Modern batteries are limited in their ability to sustain an efficient electrochemical conversion process. As the battery ages the conversion process degrades, the battery performance declines and eventually the battery will fail. AGT has developed a patented technology that uses ultrasonic energy to increase battery performance by altering the electrochemical conversion process, resulting in improved battery efficiency, increased capacity, and extended service life. Proof-of-concept testing has demonstrated performance improvements of approximately 20%, offering a potential $2.8 billion in value added to the highly competitive $14 billion secondary battery market. Significant investment returns are projected by addressing performance decline and failure in a new way. Leading ATG is an experienced group of entrepreneurs and technology project managers. We are currently exploring expansion options. Market The initial target market is secondary (rechargeable) battery manufacturers and system integrators. The $9.2 billion secondary battery target market represents the bulk of the battery market, and includes stationary and mobile applications for industrial, commercial, and residential users. Specific applications for secondary batteries include industrial vehicles (such as forklifts), telecommunications sites, hybrid electric vehicles (including industrial scale transportation such as locomotives), consumer electronics, and utility scale power conditioning. Financing AGT has operated since 2003 on friends and family investment capital which has allowed for proof of concept testing and securing patent protection in North America and Europe. The Company looks ahead towards market penetration in various market areas. Are you interested in learning more about AGT and our potential to improve the performance and life expectency of existing elecctric storage devices please read our FAQs and feel free to fill out our contact form. |
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