Technology

ProLogium Debuted World’s First 100% Silicon Composite Anode at the Paris Motor Show

Published

3 hours ago

October 14, 2024

Showcasing the Industry’s Only Next-Generation Battery Pack in Partnership with FEV Group for Automotive Applications

PARIS, Oct. 14, 2024 /PRNewswire/ — ProLogium Technology, the global leader in LCB-based next-generation battery innovation, premiered its 100% silicon composite anode battery today (October 14) at the 2024 Paris Motor Show. This cutting-edge battery technology, certified by TÜV Rheinland (Note 1), is also adopted in partnership with Germany’s FEV Group to develop a next-generation battery pack, showcasing ProLogium’s substantial progress in LCB commercialization and introducing an exciting new concept to the market.

“Our next-generation battery technology effectively addresses many of the challenges in the electric vehicle industry. Our goal is to be a game changer in the market, injecting new energy into the electric vehicle sector,” stated Vincent Yang, ProLogium’s Founder and Chairman.

The new battery system not only surpasses traditional lithium-ion batteries in energy density and charging efficiency but also addresses critical industry challenges. Its fast-charging capabilities help overcome the shortage of charging stations and improve the residual value of used vehicles. This debut marks ProLogium’s accelerated progress towards the commercialization of lithium ceramic batteries, reinforcing its role in shaping the future of the industry.

Revolutionary 100% Silicon Composite Anode: Breaking Industry Barriers and Driving Innovation

ProLogium Technology’s new 100% silicon composite anode significantly enhances energy density and fast-charging performance. The system achieves a volumetric energy density of 749 Wh/L and a gravimetric energy density of 321 Wh/kg, with projections to increase to 823 Wh/L and 355 Wh/kg by the end of 2024. Dr. Dmitry Belov, Chief Scientist of ProLogium Technology, stated: “Our new technology has broken through existing barriers. Since 2023, we’ve consistently outperformed our competitors, with the gap only growing larger, in both energy density and in fast-charging performance.”

Compared to mainstream LFP batteries (under 200 Wh/kg), and NCM batteries (200 to 300 Wh/kg), ProLogium’s LCB has already surpassed current lithium-ion batteries on the market, with the gap expected to widen by up to 77% by the end of the year. According to TÜV Rheinland test data, the battery charges from 5% to 60% in just 5 minutes and reach 80% in 8.5 minutes, an unmatched achievement in the competitive EV market. This advancement greatly reduces charging time and extends vehicle range, significantly enhancing overall performance.

Small Battery, Big Future: A Perfect Fusion of High Performance and Cost Efficiency

With its battery offering superior energy density and fast-charging capabilities, ProLogium has introduced the “Small Battery, Big Future” concept, which is set to revitalize the EV industry by offering a powerful blend of efficiency, performance, and sustainability.

With only 66% of the total energy capacity of current lithium-ion batteries (from 83 kWh to 55 kWh), ProLogium has cut vehicle weight by 300 kg, boosting both energy efficiency and driving range for an enhanced driving experience. This reduction in battery capacity also translates into lower carbon taxes and decreased initial vehicle costs.

Additionally, a 5-minute charge provides an approximate range of 300 kilometers, outpacing the industry’s 30-minute average. This ultra-fast charging reduces wait times by 83.3%, improving efficiency and turnover rates while addressing pressing challenges of limited charging stations and long wait times.

Beyond above advantages, ProLogium’s modular design allows for easier repairs and facilitates cell recycling, reducing maintenance costs and increasing the resale value of used electric vehicles. Together, these four features directly contribute to a reduced total cost of ownership (TCO), offering consumers a more affordable and sustainable EV solution.

The “Small Battery, Big Future” concept effectively tackles industry dilemmas such as low EV residual values, the inability to replace individual cells but the entire pack, and the environmental impact of scrapped vehicles. It paves the way for a more sustainable and efficient future in electric mobility, while ensuring consumers enjoy a seamless transition with the next-generation batteries.

Announcing Strategic Partnership with FEV

Another key highlight of this debut is the unveiling of ProLogium and FEV’s strategic partnership at the Paris Motor Show, showcasing how the battery packs are integrated into electric vehicles. This collaboration marks ProLogium’s progression from producing EV components to developing battery modules and packs, underscoring the company’s substantial strides in commercialization. Dr. Thomas Hülshorst, Global Vice President Electric Powertrain at FEV, stated: “Over the past two years, our collaboration has resulted in customized battery packs and concept designs that not only meet, but exceed regulatory standards and market demands. Due to the significantly increased energy density of the LLCB cell of 321Wh/kg, the energy storage system can be designed to be smaller and lighter for a vehicle with a targeted driving range, thus reducing power and space requirements. By combining ProLogium’s visionary technology with FEV’s engineering strengths, we are paving the way for the future of sustainable mobility.”

Note: ProLogium Technology received certification from TÜV Rheinland, an internationally recognized testing organization, in March and May 2024, confirming the energy density of its next-generation lithium ceramic cells at 749 Wh/L (volumetric) and 321 Wh/kg (gravimetric), with a fast-charging capability from 5% to 60% in 5 minutes, and from 5% to 80% in 8.5 minutes.

More information: https://prologium.com/prologium-2024-paris-motor-show-pressrelease/

About ProLogium

Founded in 2006, ProLogium specializes in lithium ceramic battery solutions for electric vehicles and various markets. With over 900 patents, it has delivered more than 8,000 next-generation battery samples to global automakers. Its first gigafactory, Taoke in Taiwan, will supply automakers in 2024, driving global capacity expansion. In May 2024, ProLogium opened its first overseas R&D center in Paris-Saclay, and its Dunkirk gigafactory project is advancing through public hearings, with construction expected by late 2024 or early 2025 and mass production set for 2027.

About FEV

FEV has always pushed the limits.

FEV is a globally leading engineering provider in the automotive industry and internationally recognized leader of innovation across different sectors and industries. Professor Franz Pischinger laid the foundations by combining his background in academia and engineering with a great vision for continual progress. The company has supplied solutions and strategy consulting to the world’s largest automotive OEMs and has supported customers through the entire transportation and mobility ecosystem.

As the world continues to evolve, so does FEV.

That’s why FEV is unleashing its technological and strategic expertise into other areas, applying its forward thinking to the aerospace and energy sectors. Additionally, its software and system know-how will enable the company to lead the way making intelligent solutions available to everyone. FEV brings together the brightest minds from different backgrounds and specialties to find new solutions for both current and future challenges.

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SOURCE ProLogium

Technology

TÜV Rheinland Launches Innovative “H2-Ready” Certification Program

Published

52 mins ago

October 14, 2024

ABU DHABI, UAE, Oct. 14, 2024 /PRNewswire/ — TÜV Rheinland has launched an innovative certification program that qualifies materials for the emerging hydrogen economy. The “H2-Ready” Certification confirms that materials used in critical applications such as piping and pressure vessels in large industrial plants are suitable for use with pressurized hydrogen. The “H2-Ready” test mark confirms technical suitability of components for handling pressurized hydrogen.

Gunther Sproesser, Materials Expert at TÜV Rheinland, explains: “Our new ‘H2.23’ Standard combines the latest technology with global expertise to test materials for hydrogen compatibility.” The challenge: Hydrogen can penetrate materials, making them brittle and damaging them to the point of component failure. Upon successful certification, manufacturers can receive the “H2-Ready” test mark to demonstrate to customers that their materials can safely handle compressed hydrogen. The H2-Ready test mark is only awarded to materials that meet strict criteria. The mark also requires regular monitoring of production.

“There is a lack of recognized regulations for the long-term and safe use of components with pressurized hydrogen. We are filling this gap with the ‘H2-Ready’ Certification. In doing so, we are ensuring greater safety and confidence in the rapidly growing hydrogen industry,” says Sproesser. TÜV Rheinland has already certified several materials from “Busch + Kunz”, the leading European manufacturer of weld fittings, in accordance with the “H2-Ready” Standard.

For more information on TÜV Rheinland’s Hydrogen Services, please visit: https://rb.gy/oof4je

Safety and quality in almost all areas of business and life: That’s what TÜV Rheinland stands for. The company has been active for more than 150 years and is one of the world’s leading testing service providers. TÜV Rheinland has more than 22,000 employees in over 50 countries and generates annual sales of more than 2.4 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the globe, accompany innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In this way, the independent experts ensure trust along global flows of goods and value chains. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact for more sustainability and against corruption.

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Technology

DTiQ Secures $145M Growth Investment from Bain Capital Credit

Published

52 mins ago

October 14, 2024

Investment will enable DTiQ to pivot to a higher SaaS growth model, expand its AI-powered, video and data analytics business optimization solutions portfolio, accelerate expansion in new territories, and strengthen its leadership.

FRAMINGHAM, Mass., Oct. 14, 2024 /PRNewswire-PRWeb/ — DTiQ, the leading provider of SaaS-based video, analytics, and optimization solutions for operators within the Restaurant, Convenience Store and Specialty Retail industries, today announced that it has received a $145 million growth investment from Bain Capital’s Private Credit Group (“Bain Capital”). The funding will drive increased innovation in AI and Computer Vision for more actionable business insights and automation, expand its SaaS product offerings, and capture new opportunities in existing and new territories.

“DTiQ has a customer-first, outside-in innovation approach and a cloud-first, mobile forward solution set to help restaurant and retail operators solve everyday problems and grow their businesses, said JL Valente, CEO of DTiQ

DTiQ provides SaaS, video-based, business optimization solutions to the top names in QSR, Retail and C-Store, such as Subway, Dunkin, Burger King, Church’s and others. In 2022, the company expanded its addressable market with the acquisition of Australia-based Summit Innovations providing advanced Drive Thru solutions to customers and delivering ROI-enhancing solutions both inside and now outside their stores. Proving that they recognize the everyday pains of operators in the industries they serve, DTiQ has committed publicly to providing new solutions to address their challenges further including loss prevention, speed of service, peak times, operational and compliance issues, and employee/patron safety. Most recently, DTiQ has broadened its AI-powered portfolio when it rolled out In-Store and Peak Hours Speed of Service capabilities.

Today’s announcement with Bain Capital, one of the world’s leading private investment firms, underscores the significance, scale and quality of the DTiQ business, its market momentum, contributions to the hospitality industries and superiority of its portfolio in addressing key business issues for restaurant and convenient stores owners and operators, as well as specialty retailers.

“Our investment in DTiQ is an emblematic of our conviction in this well-established, globally-renowned business and its ability to innovate new AI-enhanced video and data solutions for the benefit of the restaurant and retail industries,” said David Healey, a Director at Bain Capital Credit. “We’re proud to support DTiQ’s exciting growth trajectory with strategic capital and our long track-record of helping SaaS businesses reach their full potential.”

“Given DTIQ’s growth plans, existing solutions, roster of customers and leadership, this investment by Bain Capital is catalytic capital for its future,” said Rick Shrotri, founder and Managing Partner of Digital Alpha Advisors, DTiQ’s Private Equity partner. “We believe DTiQ is posed for profitable growth in 2025 and beyond, and we are pleased to be partnering with Bain Capital on this investment.”

About DTiQ

DTiQ offers state-of-the art SaaS video surveillance, analytics and next gen Drive Thru solutions to improve loss prevention and operational excellence at multi-location Quick Service and Table Service Restaurants, retail, and convenience store locations. With 27 years of experience, DTiQ successfully enhances over 8 million consumer experiences daily, while delivering high ROI outcomes and protecting trillions of dollars in assets. DTiQ works with over 37,000 locations in the Americas, Europe and Australia / NZ, including brands such as Adidas, Burger King, Crocs, Dairy Queen, Dunkin, GNC, McDonald’s, Subway, Swarovski, Taco Bell, Vineyard Vines, and Yankee Candle. For more on information, please visit dtiq.com.

About Bain Capital Credit

Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $45 billion in assets under management. Bain Capital Credit invests across the credit spectrum and in credit-related strategies, including leveraged loans, high-yield bonds, structured products, private middle market loans and bespoke capital solutions. Our team of more than 100 investment professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. Bain Capital Credit’s dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between $10 million and $150 million located in North America, Europe and Asia Pacific. In addition to credit, Bain Capital invests across asset classes including private equity, public equity, venture capital and real estate, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

About Digital Alpha

Digital Alpha Advisors, LLC is an investment firm focused on digital infrastructure and services required by the digital economy with total assets under management of over $1.5B. The firm has a strategic collaboration agreement with Cisco Systems, Inc. As part of this agreement, Digital Alpha has preferred access to Cisco’s pipeline of commercial opportunities requiring equity financing. In addition, Digital Alpha has cultivated strategic partnerships with other Silicon Valley technology leaders, with whom it has already executed deals. Digital Alpha believes that it is the first firm focused on making private equity investments in the significant growth opportunities required to underpin the Digital Economy, including smart cities, next-generation broadband networks, and enterprise data management and communication solutions. Digital Alpha was founded in 2017 by Rick Shrotri, former Head of the Global Infrastructure Funds (GIF) team at Cisco, and closed its latest Fund – Digital Alpha Fund II, LP – in early 2021.

Media Contact

Lisa Harris, DTiQ, 1 720-970-9228, lharris@dtiq.com, https://www.dtiq.com/

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SOURCE DTiQ

Technology

MCH Announces Rapid Fall 2024 K-12 Educator Data Updates

Published

52 mins ago

October 14, 2024

MCH Strategic Data completes its Fall 2024 K-12 educator database updates in record time, just 30 days after the start of the academic year, setting a new industry standard.

KANSAS CITY, Mo., Oct. 14, 2024 /PRNewswire-PRWeb/ — MCH Leads the Way with Unprecedented Fall 2024 Database Updates of K-12 Educators.

“Starting communications and brand-building months ahead of competitors leads directly to better sales outcomes and stronger engagement,” said Amy Rambo, President of MCH Strategic Data.

As the new academic year kicks off, schools across the U.S. are bustling with new faces, staffing changes, and updates to their educator rosters. MCH Strategic Data is proud to announce that it has completed its comprehensive K-12 education database updates for Fall 2024, just 30 days after schools returned for the start of their 2024 – 2025 academic year. This speed and accuracy represent an industry first, setting MCH apart as leaders in providing verified educator data.

INVESTING IN THE FUTURE OF K-12 DATA

Over the past two years, MCH has invested millions into developing proprietary data-gathering processes that ensure verified updates of educator information. Our system now runs every 30 days, validating educator contact data at over 81,000 schools. This new technology allows MCH to offer faster and more accurate updates than anyone else in the industry.

“Our commitment to providing up-to-date K-12 educator data means that businesses and organizations can connect with verified educators and decision-makers at the right time — leading to better engagement, stronger brand presence, and improved sales outcomes,” said Amy Rambo, President of MCH Strategic Data.

FALL 2024 K-12 EDUCATOR DATA HIGHLIGHTS:

Added 4,232 new schools, increasing the total number of schools in our database to 129,943.Removed 606,771 educators no longer at schools.Added 717,125 new educators to school rosters.Verified and updated 5,751,317 educator roles to ensure data accuracy.

“This level of speed and precision is unmatched in the industry. Starting communications and brand-building months ahead of competitors leads directly to better sales outcomes and better engagement,” said Rambo.

WHY FAST AND ACCURATE EDUCATOR DATA MATTERS

Every year, schools and districts across the country make most of their staffing changes just before the new academic school year begins. The process of updating these records is complex and time-consuming, often taking months to complete. By the time this information is fully updated, many sales opportunities for that academic year have been missed.

MCH’s ability to offer unmatched data updates provides a massive competitive advantage. Whether marketing educational products, software, or services, having up-to-date contact information as schools return from summer break gives MCH customers a head start. With MCH, you can build your brand and engage with educators when they are ready to make decisions—not months later.

MAXIMIZING RESULTS WITH MCH’S K-12 DATA

In addition to these rapid Fall updates, MCH will continue enhancing its education database by incorporating district updates and schools not yet included in its proprietary compilation technology. “With access to over 4,000,000 educators updated and verified every 30 days, our customers will see unprecedented results,” said Peter Long, CEO of MCH Strategic Data. “We challenge industry leaders to add our monthly update flow to their marketing mix and experience the positive ROI.”

EXPERIENCE THE MCH DIFFERENCE

To take advantage of the fastest and most accurate K-12 educator data on the market, contact MCH today to learn how our verified, up-to-date contact data can help you reach your goals and drive results.

Media Contact

Peter Long, MCH Strategic Data, 1 800-776-6373, marketing@mchdata.com, https://www.mchdata.com

Ellen McGuyer, MCH Strategic Data, 1 800-776-6373, ellenm@mchdata.com, https://www.mchdata.com

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SOURCE MCH Strategic Data