TROY, N.Y., Jan. 09, 2018 (GLOBE NEWSWIRE) -- PBC Tech, developer of innovative supercapacitor-based energy storage
and battery enhancement technologies, today announced a manufacturing partnership agreement with KLA-Tencor (NASDAQ:KLAC) in
preparation for the commercial launch of its PowerWRAPPER ultrathin supercapacitor later in 2018. Also, PBC Tech announced it
received a U.S. Patent (No.: 9,831,533) relating to the architecture of the PowerWRAPPER product line.
PowerWRAPPER is an ultrathin supercapacitor with a revolutionary design that enables the 5V product line to fit into spaces
where other energy sources cannot and deliver peak power and new functionality not possible in today’s wireless devices with small,
aging batteries. The new patent, valid through 2037, adds to a growing patent portfolio that covers proprietary electrode
materials, specific applications for use of an ultrathin supercapacitor and architecture and design for the PowerWRAPPER
technology, providing comprehensive protection for commercial applications of this product. Ten other patent applications are
pending.
With deep engineering expertise in building high-precision, production-scale equipment, KLA-Tencor Corporation has signed on as
PBC Tech’s manufacturing partner for PowerWRAPPER. The first scalable production equipment built by KLA-Tencor as part of
this agreement is currently under validation testing. Separately, KLA-Tencor’s corporate venture group has made a strategic capital
investment in PBC Tech.
“Our partnership with KLA-Tencor is a major milestone for PBC Tech and its customers,” said Shreefal Mehta, Chief Executive
Officer of PBC Tech. “The equipment KLA-Tencor is building will demonstrate the readiness of PowerWRAPPER to be scaled and
manufactured at production levels in the millions of units/day as required by the leading electronics companies that have shown
interest in PowerWRAPPER. KLA-Tencor’s strategic investment will enable us to grow our existing customer base and prepare for
higher volume sales of our PowerRESPONDER, a UL-certified, hybrid-supercapacitor product line. With KLA-Tencor, we are now ready to
scale up, deliver and disrupt the battery power management world in mobile electronics.”
PBC Tech has proven its capabilities to deliver a reliable, commercially-viable product with the launch of PowerRESPONDER in
2017, which is qualified by industry leading OEM customers in cloud computing and medical applications.
About KLA-Tencor Corporation
KLA-Tencor Corporation, a leading provider of process control and yield management solutions, partners with customers
around the world to develop state-of-the-art inspection and metrology technologies. These technologies serve the semiconductor and
other related nanoelectronics industries. With a portfolio of industry-standard products and a team of world-class engineers
and scientists, the company has created superior solutions for its customers for more than 40 years. Headquartered
in Milpitas, Calif., KLA-Tencor has dedicated customer operations and service centers around the world. Additional
information may be found at www.kla-tencor.com (KLAC-P).
About PBC Tech
PBC Tech has designed a game-changing, ultrathin, supercapacitor with industry-leading performance. Supercapacitors
enable companies to use smaller batteries without compromising energy or peak performance and the company’s patented form factor
solution allows for revolutionary size changes in wearables, accessories, and mobile electronics. The long life,
environmentally-friendly device works with existing lithium batteries, reducing waste, and fits in or around existing components.
The company’s innovative business model and technology has garnered recognition with awards such as the “startup of the year” from
the Consumer Technology Association, innovation awards at CES 2015 and as a TIE50 2013 awardee as well as multiple competitive
awards from NY State Energy and Research Development Authority. For more information go to http://www.pbctech.co
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/338c036b-83f2-439b-b490-83356f0b5d59
Contact: Toni Sottak toni@wiredislandpr.com