Short update on lawsuit . . .

A lawsuit involving Enable IPC subsidiary SolRayo, Inc. against Steven Oshinsky was concluded in February with the court awarding a $2.5 million judgment in favor of SolRayo. The Los Angeles Superior Court found that Steven Oshinsky had breached an oral contract with SolRayo and, in addition, “intentionally interfered with [SolRayo’s] existing economic and contractual relationships and misappropriated and disclosed trade secrets to third parties.” The judge also found that Oshinsky “took these actions intentionally, maliciously, and fraudulently and with a purpose and intention of causing severe harm and damage to” SolRayo. Oshinsky  did this personally and through the use of alter ego and front companies, including JMPW Management, LLC and Ram Capital Management Trust as part of his “scheme to damage and injure” SolRayo. $1.5 million against Steven Oshinsky was awarded in actual damages along with an additional $1 million in punitive damages.

Update on nanoparticle materials

Enable IPC's subsidiary, SolRayo, Inc., is wrapping up its National Science Foundation Phase II grant research on commercializing the application of its nanoparticle solution to lithium-ion battery cathodes. 

The company has had some remarkable results. Applying the nanoparticle solution to lithium-ion battery cathodes decreases the degradation of the cathode materials allowing less expensive cathode materials to be used - previously these materials would degenerate too quickly for efficient use. These materials have particular benefits when used in high temperature or high power applications where the increased stress and degradation would normally be more apparent.

The company is completing tests on full cells with materials currently used in commercial batteries.  Although the program is officially ending, work still continues as SolRayo, together with three other entities, aim to make pouch cells which can be cycled at lower rates. The Company’s goal is to optimize the technology for licensing to larger battery manufacturers (i.e., maximizing the nanoparticles' effect on the companies existing cathode chemistries) as well as provide more standard nanoparticle-enhanced lithium manganese oxide materials to a cathode supplier for resale to other commercial battery manufacturers.

On another note, earlier this year SolRayo submitted a patent application regarding certain aspects of the preparation and deposition of the nanoparticle technology.  

Note:

This material is based upon work supported by the National Science Foundation under Grant Number IIP-1156229. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the National Science Foundation.