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Oak Ridge Micro-Energy Develops High Temperature Battery
CONTACT:
Mark Meriwether
(801) 556-5228
OAK RIDGE, Tennessee -- May 18, 2006 -- Oak Ridge Micro-Energy (OTCBB:OKME), a developer and producer of thin film rechargeable lithium and lithium-ion batteries is pleased to report the development of a new rechargeable thin film lithium-ion battery that can operate at high temperatures.
Based on a new anode-cathode combination (the active battery components), the Company's prototype lithium-ion batteries were cycled at a record high temperature of 170 degrees Celsius (338 degrees Fahrenheit). Conventional rechargeable lithium-ion batteries cannot be cycled at temperatures much above 60 degrees Celsius.
According to Mark Meriwether, President and CEO, "We have made good progress in achieving our goal to develop a battery that can be cycled at temperatures of 150 degrees Celsius or above." "This battery could open up many new markets for our thin film batteries in diverse areas such as downhole and other sensors that operate in harsh environments, backup of high temperature non-volatile memory, and semiconductor diagnostic wafers," Meriwether further commented.
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 multi-chip 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.
The company maintains R&D and manufacturing facilities in Oak Ridge, Tennessee, and additional offices in Salt Lake City, Utah. 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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