FOR IMMEDIATE RELEASE
Fort Lauderdale, FL – April 18, 2019
Periodic Products Inc. announced today that it has been awarded a patent from the South Korean Intellectual Property Office (no. 10-19466963) for the Company’s conductive polymer technology and related processes.
The Company’s conductive and specialty polymers are an extension of its family of proprietary polymers. Developed to be a key component of newer lightweight batteries, the technology offers manufacturers significant design and engineering advantages.
South Korea is a dominant worldwide producer of automobiles and electronics, and is anticipated to be enthusiastic adopters of the Company’s new technology. “We are excited about the applications of our technology,” said Joseph Laurino, PhD, President and CEO of Periodic Products.
South Korea is currently the world’s fifth largest producer of passenger cars, manufacturing 3.36 million units in 2018. “Reducing weight has been a fundamental challenge of battery technology, particularly in the development of electric-powered automobiles,” Laurino said. “Lightweight batteries will translate to longer distances these vehicles can travel between charges.”
“We believe our conductive polymers have the potential to radically transform the electric vehicle market,” he added.