Published On:
Mon, Mar 3rd, 2014
Elbit Systems Invests In Nanomaterials Start-Up CENS
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Cluster Engineered Nano Space (CENS) is in Elbit’s Israel Incubit incubator in Beersheva.
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Incubit Technology Ventures, the incubator of Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) in Israel, will invest $715, 000 million in portfolio company Cluster Engineered Nano Space Ltd. – CENS.
CENS is developing innovative technology of nano-clusters to improve the performance of electrodes for super-capacitors and rechargeable ion-lithium batteries.The company’s proprietary process grows carbon nanotubes (CNTs) directly onto the surface of particles to achieve improved electrical conductivity, thermal transport, and reaction efficiency.
Read more about: Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), incubator, Incubit Technology Ventures, Tadiran Batteries Ltd Incubit provides added value through its synergy with Elbit Systems’ technologies and infrastructures. CENS will work closely with Elbit Systems’ super-capacitors group, which works with nanomaterials, with the objective of creating a competitive edge.
“I am pleased by the investment in the company and see the possibilities of working with Elbit Systems’ super-capacitors group, including use of its laboratories and other facilities, which give CENS unique value in knowhow and development process to achieve the desired results, ” said CENS CEO Michael Bromfman.
CENS will also work with Tadiran Batteries Ltd. on another product based on its CNTs to test the latter’s raw materials for ion-lithium batteries.
Published by Globes [online], Israel business news – www.globes-online.com