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ITN Energy Systems Wins $1.7-Million Award for Advanced Redox Flow Battery Project

August 2, 2012

LITTLETON, Colo.--ITN Energy Systems, Inc. (ITN) has been awarded $1.725 Million from the Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) to fund the development of an Advanced Redox Flow Battery, in collaboration with the University of Kentucky (UKy). This new battery technology will dramatically lower costs for grid-scale power systems, and provide affordable energy storage options for small commercial and residential customers.

“This latest round of ARPA-E projects seeks to address the remaining challenges in energy storage technologies, which could revolutionize the way Americans store and use energy in electric vehicles, the grid and beyond, while also potentially improving the access to energy for the U.S. military at forward operating bases in remote areas. These cutting-edge projects could transform our energy infrastructure, dramatically reduce our reliance on imported oil and increase American energy security.”

Dr. Steven Chu, US Secretary of Energy

The flow battery model is an excellent fit for solar and wind power plants, because the battery capacity can be increased simply by adding additional electrolyte. Such batteries can store excess energy generated when the sun shines or the wind blows, and then return electricity to the grid for use at night…or whenever no power is being generated. ITN’s innovation integrates a unique low-cost membrane with new flow battery electrolyte chemistry to significantly increase efficiency and affordability.

ARPA-E leverages the nation’s brightest scientists, engineers and entrepreneurs to develop breakthrough energy storage technologies and support promising small businesses. The ITN/UKy team’s project is part of ARPA-E’s Small Business Innovation Research (SBIR) program – focused on innovations in battery management and storage to advance electric vehicle technologies, helping improve the efficiency and reliability of the electrical grid and provide important energy security benefits to America’s armed forces. From this nationwide competition, ITN was one of just 7 small businesses selected for this ARPA-E funding.

“Founded in 1995, ITN focuses on identifying, developing, commercializing advanced products and technologies in emerging clean energy technologies. By taking research through successful spinoffs, joint ventures, or licensing arrangements, ITN has built a diverse and growing technology portfolio for cleantech including energy generation and storage, energy efficiency, and environment applications. ITN has successfully spun off four companies: Global Solar Energy, Infinite Power Solutions, Microsat Systems and Ascent Solar Technologies (Nasdaq: ASTI). For more information on ITN Energy Systems, please contact Ashu Misra: amisra@itnes.com, 303-285-5137.

About ITN Energy Systems:
After working for more than 20 years in aerospace industry, Dr. Mohan Misra founded ITN Energy Systems, Inc. (ITNES) in 1994 to bring aerospace know-how to the commercial marketplace. ITN's primary mission is to identify, develop, and commercialize emerging technologies for defense and commercial markets by establishing successful spinoffs, joint ventures, or licensing arrangements. ITNES focuses on developing advanced products and technologies that address the needs of today‘s competitive business environment, which is driven by the technology revolution. ITNES has built a diverse and growing technology portfolio for CleanTech including energy generation and storage, energy efficiency, and environment applications, which has provided ITNES with an unprecedented growth opportunity in the past as well as in the future. Since 1996, ITNES has successfully spun off four companies: Global Solar Energy, Infinite Power Solutions, Microsat Systems and Ascent Solar Technologies. For more information on ITN Energy Systems, please visit www.itnes.com.

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