Market Overview

FastCAP Systems and Calvary Automation Systems Announce Manufacturing Agreement

Share:

FastCAP-Calvary Partnership Will Facilitate Large Scale, Low Cost Production of Ultracapacitors

Boston, MA (PRWEB) April 07, 2016

FastCAP Systems, developer of cutting edge energy storage technology, announced that it has entered into a manufacturing agreement with Calvary Automation Systems, a manufacturing industry leader based in Rochester, NY. This partnership will facilitate large-scale, low cost production of FastCAP's revolutionary ultracapacitors to accommodate growing product demand.

"This relationship is a great step for FastCAP toward addressing energy related problems of scale. By partnering with a world-class manufacturer we create new opportunities to provide our high performance, ruggedized and wide temperature ultracapacitor technology for important markets such as aerospace and defense, automotive and stationary storage and grid applications," said John Cooley, President and CTO of FastCAP Systems.

FastCAP Systems current product offerings include a variety of ultracapacitors to fit the needs of extreme environment applications. FastCAP's ultracapacitors are rated up to 150°C and can withstand high shock and vibration. An additional product has just been made available for pre-order – an ultracapacitor with the highest energy density and highest power density on the market in its form factor. For more information, please visit http://www.fastcapsystems.com.

About FastCAP Systems:
FastCAP is an innovation driven company with a straightforward vision – to make a big impact in energy. In 2010, after six years of collaborative research at MIT by FastCAP's co-founders, FastCAP began work under a multi-million dollar grant from the DOE ARPA-E to develop its novel ultracapacitor technology for electrified drivetrain vehicles. FastCAP was honored to receive another grant in 2011 from the DOE Geothermal Technologies Program to develop a cutting edge power system for geothermal exploration. By the conclusion of its ARPA-E program in 2014, FastCAP had achieved five validated world performance records related to the power and energy density of its cells. FastCAP has gone on to achieve additional validated world records related to its high temperature ultracapacitor technology, including the highest operating temperature. These breakthrough performance characteristics have laid the foundation for FastCAP's unique product solutions in a wide variety of applications, from vehicles to energy and space exploration. For more information, visit http://www.fastcapsystems.com.

About Calvary Automation Systems:
Calvary is a world leading global Robotics, Automation and Technology Company. Calvary's Design and Build, Contract Manufacturing, Precision Tooling and Product Development Business Units synergistically combine to form a diverse skill set that is uniquely qualified in providing value added solutions for its customers. The company is diversified into all major industries and is aligned with many of the market leaders. Management's commitment to quality, innovation and a constant desire to improve is not only paramount to our success but is validated throughout the organization in its people, systems and processes. Calvary's overall capabilities, experience and commitment to reinvest and constantly advance its business differentiates the company from our competition. Founded in 1994 in Rochester, NY, Calvary Automation Systems has been selected five times as one of Rochester's "Top 100 Businesses."

For the original version on PRWeb visit: http://www.prweb.com/releases/2016/04/prweb13323418.htm

View Comments and Join the Discussion!
 
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com