Tuesday, January 17, 2012

Contour Energy Scores Funding From In-Q-Tel

Azusa-based Contour Energy Systems, which is developing next generation battery systems, is announcing today that it has scored a strategic investment from In-Q-Tel, the investment arm of the CIA and other U.S. intelligence agencies. Amount of the investment was not disclosed. Contour Energy said that the strategic investment and technology development agreement will go to advance its portable power solutions for various terrestrial and emerging applications. In-Q-Tel is known for investing in technology which helps support the missions of the U.S. intelligence community.

Contour Energy is a developer of battery technology, including carbon-flouride batteries, which are expected to provide higher energy density, power, and reliability. The firm is a spinout of Caltech. Contour Energy said its battery systems can provide double the energy density of existing batteries, which it says is "significant" for military applications. Contour Energy said its batteries might be used for advanced soldier systems, radios, GPS receivers, night vision goggles, thermal imagers and cameras, monitoring and sensing systems and digital messaging devices by the military.

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