PLANO, Texas and BOSTON, April 30, 2020 (GLOBE NEWSWIRE) — Electrochem Solutions (“Electrochem”), an Integer Holdings Corporation (NYSE: ITGR) company, and Nanoramic Laboratories today announced the two companies have signed a technology licensing partnership that allows Electrochem to manufacture, sell and distribute Nanoramic’s FastCAP EE Series ultracapacitors worldwide.
Under the agreement, Electrochem becomes the exclusive provider of FastCAP EE Series ultracapacitors for the downhole oil and gas industry, as well as an approved provider of FastCAP EE Series ultracapacitors for all other markets and applications worldwide.“This partnership leverages collective expertise to meet customer needs by providing Nanoramic’s advanced ultracapacitor technology with the experience, quality and reliability that are synonymous with Electrochem’s industry leading power solutions,” said Carter Houghton, president of Electrochem.FastCAP EE Series ultracapacitors are ruggedized, hermetically sealed ultracapacitors with rated operation up to 150°C, and high shock and vibration capabilities. Additionally, these ultracapacitors have successfully demonstrated usage in harsh oil and gas drilling conditions. They have exceptionally high power density and are able to be recharged quickly.“Nanoramic’s ultracapacitor technology is on the leading edge of innovation,” said Eric Kish, CEO of Nanoramic Laboratories. “Our partnership with Electrochem makes it possible for us to bring these innovations to market efficiently, providing customers with new and innovative power solutions that can simplify their job processes, extend their battery life and enable more powerful tool capabilities.”FastCap EE Series ultracapacitors have been successfully deployed in select oil and gas applications since 2018. Electrochem is focused on increasing adoption in the oil and gas market, while also introducing the technology to new markets.About Integer®
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