QuantumSphere, Inc. Achieves Milestone With High-Quality Nano-Nickel/Cobalt Alloy For Replacement Solution in Multi-Billion Dollar Platinum Electrode Market
QuantumSphere, Inc. announced it has a clear replacement solution for the platinum electrode market. Independent validation regarding this development poses a serious issue for platinum suppliers in the platinum group metal catalyst market-- while presenting tremendous business and cost savings advantages for companies.
COSTA MESA, CA (PRWEB) August 31, 2005 –- QuantumSphere, Inc., the leading
manufacturer of metallic nanopowders for applications in aerospace, defense,
energy and other markets demanding advanced material applications, announced
(“QSI- nano™ Ni/Co alloy”) as a clear replacement solution for the platinum
electrode market. QuantumSphere is the only supplier of the world’s highest
quality metallic nanomaterials including QSI- nano™ Ni/Co and other proprietary
alloys. Independent validation, provided by DoppStein Enterprises, Inc. (DSE)
regarding this development, poses a serious issue for platinum suppliers in the
platinum group metal catalyst market, as QSI- nano™ Ni/Co alloy will alleviate
dependency on platinum as the main catalytic material in a variety of battery
and fuel cell applications-- while presenting tremendous business and cost
savings advantages for companies.
A shift from finely divided platinum
to QSI- nano™ Ni/Co alloy results in a reduction in the cost of fuel cell and
battery catalysts by approximately 50%, while achieving up to 90% of pure
platinum performance, based on current prices. Conversely, a 90% cost savings
will result in a remarkable 73% performance relative to pure platinum. To view
independent scientific data from DSE that supports and validates QuantumSphere’s
achievement in the catalyst marketplace, visit http://www.qsinano.com/products.html and click on “DSE
nano-Nickel/Cobalt Validation Data.”
“By adopting our product,
QuantumSphere enables companies to provide new product offerings in the
marketplace and increase their revenue,” said Kevin Maloney, CEO, QuantumSphere,
Inc. “For example, we have spoken with many firms that are frustrated by the
fact that products using small fuel cells or batteries face a problem-- up to
40% of the total product cost is derived from the expense of the catalyst. By
using our QSI- nano™ Ni/Co alloy product, QuantumSphere can reduce the total
device cost significantly. This opens up an exciting range of new business
opportunities for companies that want to offer new products to customers but
were previously hindered by the cost that platinum imposed on the OEM and final
product price. Additionally, the method of making these materials is highly
scalable and fully automated. QSI- nano™ Ni/Co alloy will liberate companies
from their dependence on platinum, lower the cost of production and increase
profit margins, enabling firms to offer new products at a price point that will
be accepted in the market,” Maloney added.
DoppStein Enterprises, Inc.,
conducted experiments and provided independent scientific data to validate
QuantumSphere’s achievement. “After months of working to evaluate and validate
QuantumSphere’s product and manufacturing capabilities, I can finally state with
full confidence that oxygen reduction catalysis on cathode electrodes using
QuantumSphere’s nano-sized nickel/cobalt alloy material has been unambiguously
demonstrated,” said Robert Dopp, President, DSE. “This catalyst can be used in a
variety of practical batteries and fuel cells, including Li-ion, Zn/air, PEMFC
and DMFC. One fundamental issue of fuel cells is the reliance on platinum as
catalyst. For a cost comparison, finely divided platinum (currently $75.00/gram
in bulk) costs approximately 5 times as much as QuantumSphere’s nano-Ni/Co alloy
catalyst (currently $15.00/gram). This translates into a large reduction in
total device cost. Implementation of this new technology incorporating QSI-nano™
Ni/Co alloy in the alternative energy sector has the potential to dramatically
accelerate commercialization of these micro devices,” Dopp added.
Confirmation of catalysis was accomplished through a series of
experiments where nanocatalysts were used alone and in conjunction with varying
amounts of platinum. “Not only are QuantumSphere’s catalysts active alone, they
also enhance the activity of platinum when combined with various QSI-Nano™
materials. Compared with a pure platinum catalyzed cathode, QuantumSphere’s
metallic nanoparticles show up to 90% of the catalytic activity,” Dopp
commented. “The activity was demonstrated using electrochemical techniques and
impedance spectroscopy. This was the first clear verification and will be
followed by a series of optimization experiments that are targeted at meeting or
exceeding the activity of high surface area platinum catalyzed cathodes. The
impact of these findings is enormous, as it reveals that nanocatalysts prepared
by QuantumSphere’s proprietary methods have the potential to partially or fully
replace platinum (a $10-$12 billion market, annually), one of the most expensive
and scarce electrode components,” Dopp concluded. White papers will be released
in Q1, 2006.
About QuantumSphere, Inc.
QuantumSphere is the leading
manufacturer of metallic nanopowders for a broad range of applications in
industries such as aerospace, defense, energy, biomedical, and other markets
demanding advanced material applications. QuantumSphere's exclusive
manufacturing process provides: consistent, narrow particle size distribution;
low level of agglomeration and impurities; custom-tailored oxide shell
thickness; and the highest purity metallic nanopowders on the market that are
easier to transport and handle. The company accomplishes this without
compromising its commitment to the environment and the community. No other
company offers these performance advantages.
QuantumSphere is the only
supplier of the world’s highest quality magnetic, conductive and catalytic
metallic nanopowders, including QSI-nano™ nickel (n-Ni), QSI-nano™ silver,
QSI-nano™ copper, QSI- nano™ Ni/Co and other proprietary alloys. These materials
will replace platinum as the main catalyst in fuel cells and other electrode
assemblies and provide a renewable source of power to supply the world’s energy
needs.
The company is leveraging its leading market position in metallic
powders to manufacture and ship product for applications in fuel cells, magnetic
medical products, bio-sensors, filtration devices and other applications
including additives for plastics and electromagnetic frequency shielding. For
more information, visit www.qsinano.com or contact Joe Romano, Partner, HighGround,
Inc. at 781-279-1320 x 208 or e-mail protected from spam bots
About DSE
Robert Dopp is a consultant to the fuel cell, battery and related
industries. During his three decades of battery R&D, resulting in 36 related
patents bearing his name, he has designed several production air cathode
machines, making the highest rate air cathode in the world. He has helped to
develop a consumer battery with over four times the energy density of Alkaline
cylindrical cells, and many tens of times higher energy than many rechargeable
batteries. For more information contact Joe Romano, Partner, HighGround, Inc. at
781-279-1320 x 208.
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Source : http://www.prweb.com/releases/2005/8/prweb278655.htm