Polaris provides processing services to companies looking to bring new rechargeable cell advances to market.Polaris is strong in chemistry, cell design and testing and we have established a network of partners that can help our customers get to market quickly. Applications include consumer, automotive, grid storage, industrial and medical.
Primary Application Area: Energy, Efficiency
Technology Development Status: Prototype
FIGURES OF MERIT
Value Proposition: Polaris is filling a very important role and unique in assisting new technology developers in optimization and commercialization activities. Prior to Polaris, a new cell technology took ~10 years to be fully launched in production. We are now seeing significant cycle life reductions for the entire commercialization process as a result of our processing lab services and manufacturing expertise. For example one early stage University spin off was able to characterize their new material in just 3 months through Polaris allowing them to seek external funding for continued development in a greatly reduced timeframe (this process can easily take 1-2 years normally). Another client, a very large chemical company, came to Polaris to not only optimize and characterize their materials but to collect the necessary data for cell suppliers to be interested in purchasing their new product. Without Polaris they may not have been able to break into this market at all. Our ultimate goal is to expand our manufacturing partnerships so that full commercialization of new cell technologies can be a part of our business model resulting in a very short time to market for new advanced battery materials.
Organization Type: Commercial Startup (C+)
Showcase Booth #: 401
GOVT/EXTERNAL FUNDING SOURCES
Vetted Programs/Awards: We have been recognized by the City of Beaverton Oregon as a Quarterly Award Winning New Technology Business (2015).
External Funding to Date: Our original investor contributed $700k in funding to help start Polaris Laboratories.