Superlattice Power Inc. is a development stage technology company that is focusing its resources and efforts on the development and marketing of batteries for electric-powered vehicles and products. The company is developing the next generation lithium-powered batteries which will have a wide range of applications.

Superlattice Power has made considerable progress in advancing its next generation lithium-powered batteries. The company has developed a cathode material for these batteries and thermal management system for EV battery packs. This cathode material has a capacity nearly 1.5 times greater than the present commercially available cathode materials.

Superlattice would seem to be a company in the right place at the right time. After all, the Obama Administration recently earmarked $2.4 billion in stimulus grants to jump-start the electric vehicle (EV) industry. With $1.5 billion of these funds going to advanced battery projects, Superlattice is perfectly positioned.

Superlattice Power is developing batteries for electric as well as hybrid vehicles. The company is also in the final stage of negotiations with an Asian company for setting up a pilot scale production plant for lithium ion polymer batteries. The new manufacturing plant is expected to have an initial estimated rate of producing 36,000 unit cells per year. Once fully operational, Superlattice could achieve the targeted capacity of approximately 100,000 cells annually.

Superlattice Power still looks to be an undervalued company in comparison to some of its peers. Ener1 (HEV) is currently trading at about $6 per share, up from a 52-week low of $2.35. Advanced Battery Technologies (ABAT) is trading at over $4 per share, up from a 52-week low of $1.17. Meantime, Superlattice Power is trading at about $0.70, not far comparatively from its 52-week low of $0.15, possibly offering investors the potential for substantial gains.

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