Posted: Tuesday, November 10, 2020 7:01 am
Associated Press |
WASHINGTON–(BUSINESS WIRE)–Nov 10, 2020–
Ion Storage Systems (ISS) today announced that it will move into a new 20,000 square foot headquarters, located in Maryland’s Prince George’s County. The space will house essential functions necessary to the continued development of ISS’s groundbreaking batteries that enable customers to break through barriers imposed by legacy chemistries.
The new space marks the next major step in Ion’s scale-up to meet a growing production schedule. The building will include office space for headquarters staff, quality control and research labs, and multi megawatt-scale production facilities scaled to produce millions of batteries per year. Initial production will focus on serving the Department of Defense. Ion recently announced a $2 million contract with the Defense Logistics Agency to commercialize a conformal wearable battery for soldiers in the field.
“Our new site is further indication that we are on track to deliver game changing batteries,” said Ricky Hanna, ISS CEO. “I am proud of my team and grateful to our investors, customers, and government agencies for giving us the support needed to reach this critical milestone.”
“Ion Storage’s office acquisition further proves that Maryland’s tech sector is healthy and thriving,” said Kelly M. Schulz, Maryland Secretary of Commerce. “I am very pleased that this groundbreaking company continues to make our state proud.”
“As a University of Maryland spin-out company, Ion Storage Systems demonstrates how great ideas and innovations can transition from the academic research lab to industry,” said Dr. Laurie Locascio, University of Maryland’s Vice President for Research. “I’m particularly excited for Ion’s founders—Professor Eric Wachsman and University of Maryland alumnus Dr. Greg Hitz—whose persistence and ingenuity led to the commercialization of such an exciting technology breakthrough.”
The lease and closing were facilitated by Maryland’s Prince George’s County’s Office of Economic Development Corporation (PGEDC). ISS will move into the new space by the end of the year. The move comes on the heels of new funding from the Defense Logistics Agency (DLA), the Department of Energy’s (DOE) Advanced Research Project Agency–Energy (ARPA-E), DOE’s Office of Energy Efficiency and Renewable Energy (EERE), and Army Research Lab (ARL).
About Ion Storage Systems
Ion Storage Systems creates batteries that are safer, lighter, and enable form factors with tighter packing density that enhance system performance. These innovations empower the world’s innovators to break down barriers in their product development cycles to redefine what’s possible and begin building the products of tomorrow today. At Ion Storage Systems, we’re building better batteries so you can build better products. Build with us. ISS is a spin-out from the University of Maryland–College Park.
Visit www.ionstoragesystems.com for more info.
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