News
Letter to the Stockholders of alpha-En Corporation
Dear Shareholders,
Wow, 62 years in the public arena, and never have I had a .0001 stock ticker. I know that this is very disheartening, but hang on, there is hope. This letter should make some sense of where we are today.
Alpha-En and EnerSys Collaborate on a Pre-Lithiated Anode Project
Yonkers, New York October 14, 2020 Alpha En Corporation, with its patented technology of electroplating thin lithium metal films and its unique, pre-lithiated anode technology, boosting lithium ion battery performance between 10% – 20%, today announced that EnerSys (NYSE: ENS) has agreed to fund an initial 3 month exploratory project for its potential use in Aeronautics and Aerospace applications. Alpha-En’s pre-lithiation process enables increased cell capacity by pre-loading the anode structure with lithium, consistent with minimizing and offsetting irreversible first cycle capacity loss, without added cathode mass, volume, or cost.
ALPHA-EN’S PRE-LITHIATED ANODE BOOSTS BATTERY PERFORMANCE
Yonkers, New York 7/21/2020 alpha-En Corp, with its patented technology of electroplating lithium metal films, today announced that it has demonstrated the application of its core technology to pre-lithiate composite graphite anode laminates in the laboratory scale, which led to considerably improved performance of existing lithium ion batteries in terms of delivered capacity (10-20%).
Lithium ion batteries (LIBs) typically show significant irreversible loss of active lithium (10-20%) during the first charge cycle due to the inevitable formation of a solid electrolyte interphase (SEI) layer as a result of electrolyte reduction over anode surface.
Since, LIBs are capacity limited by the amount of lithium incorporated in the starting expensive cathode component, the first cycle loss of active lithium considerably reduces the deliverable capacity. Pre-lithiation, by which an anode is partially pre-loaded with lithium before cell assembly to counter the first cycle irreversible loss of active lithium, is an effective way of achieving significantly increased cell capacity, which will lead to a proportional gain in energy density. For example, widespread adoption of a cost effective, safe and scalable pre-lithiation approach would expectedly take energy density of current LIBs close to 300 Wh/kg.
USPTO grants an additional patent to alpha-En corporation
Yonkers, New York April 22,2020 alpha-En announced today that it has recently been granted patent # 10,615,403 by the USPTO. The patent protects in the USA the process of depositing high purity lithium metal onto a copper substrate.
CEO and Chairman Sam Pitroda comments: “We are proud to announce that we were able to add a very important patent to our growing IP portfolio. This is consistent with our IP strategy that we execute against with our patent attorneys at K&L Gates. For an emerging technology company the quality of the IP protection is at the core of the overall corporate strategy as it protects its most important asset. It is our stated goal to continue to expand our patent portfolio scientifically as well as geographically in order to protect our significant capital investments and to create value for our shareholders, We would like to thank the members of our science team for their continued dedication to their tasks in a very difficult environment and express gratitude to our shareholders for their patience and continued support through times of unprecedented challenges.”
alpha-En Corporation announces Qualified Opportunity Zone Business Status
Yonkers, New York, November 19, 2019 – Alpha-En ( OTC: ALPE) announced today that is has determined that it meets the requirements to be a Qualified Opportunity Business (“QOZB”) under the Federal Tax Cuts and Jobs Act of 2017 (“TCJA”).
As a QOZB alpha-En could potentially offer favorable tax treatment to investors in future placements of the company’s securities, as specified in the TCJA.
Alpha-En’s headquarters and laboratory facilities in Yonkers, New York, is located in an Opportunity Zone as certified by the US Treasury under the TCJA. After federal regulations specifying the requirements for OZQB status were released in April of 2019, alpha-En engaged the services of CapZone Analytics,LLC, a firm that specializes in assessing Opportunity Zone investment eligibility. Alpha-En has determined that it meets the eligibility requirements under the TCJA to qualify as a QOZB.
