Paper Battery Earns $3M to Fix Smartphone to Have 'Thinner and Long-lasting' Battery Life

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By Naveena Joy | June 11, 2014 3:38 PM EST

As the current phones and tablets have taken a giant leap in providing the best technology to the end users, the batteries used are in sync promising an improved and better version in the future.

The consumer device makers have almost taken everything from the traditional lithium-ion technology. Apparently, there is one company who has a different understanding of the batteries and goes ahead with a unique technology.

The New York-based Paper Battery Company has its own patented and proprietary of the ultracapacitor batteries. The company makes thin, flexible ultracapacitor sheet, either used as a battery itself or wrapped around lithium ion batteries to increase the battery life.

Ultracapacitors existed long before but they are the ones who are responsible for a better device battery. The VentureBeat reported the lithium ion battery releases power as a result of a chemical reaction within the cell whereas the ultracapacitors store energy in an electric field. Ultracapacitors are smaller and delivers larger bursts of energy but provide less power per charge than the lithium ion batteries.

The West Palm Beach, Florida-based Caerus Ventures, along with Tylt Labs and energy and materials venture capitalist Tom Baruch, believes in paper battery and have funded the company with $3 million on the technology.

Paper Battery cited it will use the money to increase the manufacturing and to launch the battery next year.  

The Company says, "Paper Battery's ultracapacitors can dramatically increase the battery life, thermal efficiency, and signal effectiveness of electronics devices such as smartphones, tablets, wearables, remote servers, and Internet-of-things products while also reducing the bill of materials cost."

The ultracapacitor is the company's only listed product measuring only 0.4 mm thin and could be used for "cloud computing and mobile applications such as wearable electronics and smartphones and tablets." This battery is also eco-friendly as it is comprises of "high surface area activated carbon, carbon nanotubes or graphene" and "paper or other porous polymer separators" holds the electrolyte and separate electrodes.

The company revealed in the past eight months the battery got its popularity as it "signed a test and evaluation contract with one of the largest OEM manufacturers in consumer electronics."

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