Company Overview
The limit of lithium-ion energy storage capacity in graphite anode (360 mAh/g) has been the most pressing problem facing the battery industry over the last 30 years.
Omega Power is introducing NanoSponge™ Electrodes into the marketplace that replace graphite anode and safely push the lithium atom’s energy capacity into its final frontier to the lithium metal storage capacity of 3860mAh/g. As an alternative to the slower commercial scaling issues of the solid-state approach, this new breed of electrode is compatible with the liquid electrolyte designs of existing and planned gigafactory production paving the way for easy adoption and rapid scaling by means for all gigafactories to commercialize rechargeable lithium metal batteries.
Our mission is to power innovative power-hungry technologies such as AR/VR and AI applications and 5G-enabled devices along with drones, smartphones, power tools, EVs and anywhere a battery is used for a sustainable and cleaner energy future.
Lab tests have demonstrated that NanoSponge™ Electrodes are 50% better than our nearest silicon and solid-state battery competitors and 100% better than standard graphite anode-based Li-ion battery products resulting in 2-3X extended run times. Omega Power plans to commercialize this technology by demonstrating working prototypes to our OEM customers and starting off with our very own pilot-scale production facility as a market entry to supply Omega Power branded batteries to our customers.
The Market Opportunity
Batteries have always been a critical design feature for technological advancements of all kinds, everything from handheld devices to EVs, and from interruptible power supplies to satellites. For years, research has been ongoing to increase energy density (the amount of energy in a given size and weight).
The global Li-ion Battery market for Mobile Phones alone was valued at $44.8 billion in 2020 and will reach $55.1 billion by 2027. Through its world-class team and fast-path commercialization of lithium battery technologies, Omega Power is positioned to win in 2023 and beyond.
Our $25M Series A Offering
Omega Power is raising up to $25M through the sale of 500 Units at Fifty Thousand Dollars ($50,000) per Unit (the “Offering”), where each Unit consists of 6,000 shares of the Company’s common stock at a price of $8.33 per share.
The Offering is being made to qualified (accredited only unless under Reg S exemption) investors pursuant to an exemption from registration under Rule 506(c) of Regulation D of Section 403(a)(2) of the Securities Act.
For more information or to request a business presentation please contact us at: [email protected]
