Oak Ridge Micro-Energy Company Update
Contact:
Mark Meriwether
(801) 556-5228
mark.m@oakridgemicro.com
OAK RIDGE, Tennessee -- February 16, 2006 -- Oak Ridge Micro-Energy is pleased to announce production of model ORLI0.5.CL thin-film lithium-ion batteries on its first manufacturing line. Batteries also can be produced according to customer specifications on the same line. The company continues to improve its manufacturing process for thin-film batteries, and a new section on manufactured batteries has just been added to the company's Web site, www.oakridgemicro.com. According to Mark Meriwether, president and CEO, "The progress made in developing our manufacturing process enhances our ability to find a manufacturing partner for high-volume production and to launch Phase 3 of our business plan.
On Feb. 7, 2006, the company was awarded a patent, U.S. 6,994,933, pertaining to a protective coating for thin-film batteries. The company previously announced the issuance of a patent on a thin-film electrolyte, U.S. 6,818,356 (Nov. 16, 2004), and two additional applications on a new thin-film electrolyte and a packaging method for thin-film batteries are currently under review at the USPTO. The company continues to pursue the development of a thin-film battery that can operate above 150 degrees Celsius; as progress is made, results will be posted on the company's Web site.
About Oak Ridge Micro-Energy Inc.
Oak Ridge Micro-Energy Inc. develops and produces custom-designed thin-film lithium and lithium-ion batteries that are ideally suited for a variety of applications where a small power source is needed. These batteries can be fabricated on a variety of substrates as well as onto chips, chip carriers or multichip module packages. By using the available space on a ceramic package or a silicon die, the battery can provide the required power while occupying otherwise wasted space and adding negligible mass. The company's batteries are intended for applications such as wireless sensors that operate in harsh environments, semiconductor diagnostic wafers, radio frequency identification (RFID) tags, semiconductor non-volatile memory chips, and advanced medical devices. Initial production will target specialized high-margin markets. Expansion of the company's manufacturing capacity, internally and through strategic partnerships, will allow Oak Ridge Micro-Energy to reduce manufacturing costs and penetrate larger markets, such as active RFID.
The company maintains R&D and manufacturing facilities in Oak Ridge, Tenn., and an additional office in Salt Lake City. Detailed information about Oak Ridge Micro-Energy Inc. may be obtained by visiting the company's Web site at http://www.oakridgemicro.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
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