Paraclete Energy Named a Best Tech Startup Top Company of 2019 by Lux Research

CONTACT:

Brian Byars – Marketing Manager

Phone #: 1-734-288-4120

Email: Bbyars@ParacleteEnergy.com

For Immediate Release

Date 7 January 2020

Paraclete Energy Named a Best Tech Startup Top Company of 2019 by Lux Research

  • Lux Research has declared Paraclete Energy a Best Tech Startup Top Company of 2019.
  • Paraclete Energy offers nano-silicon materials that enable the highest energy, longest-lasting lithium-ion batteries while addressing the key concerns about cost, cycle life, and supply chain.

CHELSEA, MICHIGAN – JANUARY 7, 2020: Lux Research, a leading provider of technology-based research and consulting services, has declared Paraclete Energy a Best Tech Startup Top Company of 2019. See Lux Research’s press release here (https://bit.ly/39JYTOc).  According to Lux Research, “Although many companies were analyzed and interviewed, only a few received ‘positive’ or ‘strong positive’ ratings. The selected companies belong to an elite club”.  Many startups are attempting to scale exotic methods for making silicon for lithium-ion batteries, Paraclete Energy already offers a solution that addresses key concerns about cost, cycle life, and the supply chain.

“This is an honor to be recognized as a Top Company by the prestigious Lux Research,” said Paraclete Energy’s CEO Jeff Norris. “This announcement validates the impressive product development by the Paraclete Energy Team by collaborating with customers and partners for meeting and exceeding their needs for next-generation high energy dependent products.”

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Paraclete Energy, Inc., (Paraclete) manufactures surface modified nanoparticle, oxide-free silicon for the lithium-ion battery industry. Paraclete’s SM-Silicon/3590TM enables the longest-lasting, highest capacity batteries. SM-Silicon/3590TM has an energy capacity of 3,590 mAh/g, a First Cycle Efficiency of ~ 94% and a Coulombic Efficiency at 1,000 cycles of >99.8%.  Paraclete can today supply grams to tons of its SM-Silicon/3590TM at a price that is less than graphite dollars per kilowatt-hour and is assessed “best electrode performance” and the “the most repeatable silicon powder source batch-to-batch” by the US Vehicle Technology in conjunction with the US DOE and 5 US National Labs.  Paraclete’s customers and partners can now meet and exceed their needs for next-generation high energy dependent products. More information is available at https://www.paracleteenergy.com/ .

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