Primary Industry: Materials/Chemicals
Organization Type: Product/Technology Company
Spark Technologies is positioning itself to be a leader in developing performance specialty additives and components for the battery industry, but specifically for the lithium ion battery industry. These battery products are marketed to the fast growing international and domestic battery industry. Spark
Technologies works directly with battery manufacturers to assisting in achieving the optimal battery material formulations. As electric vehicles begin to play a significant role in the transportation mix in the emerging clean energy industry; the potential for growth is vast.
Spark Technologies works directly with the battery manufacturers, thus avoiding expensive marketing staff and campaigns. Financing is through a mix of public grants and private investment. While the long term profitability lies with developing products for battery manufacturers, some consumer related battery products are being considered to generate immediate cash flow.