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PolyCharge Receives Strategic Investment from Mursix

Auto News - Published on Wed, 14 Aug 2019

Image Source: https://www.prnewswire.com
Tucson Arizona based capacitor technology company PolyCharge America Inc announced that it has closed a strategic investment from SFM Holdings, an investment arm of Mursix Corporation. A spin-off of Sigma Technologies and culminating from a long-standing partnership with Delphi Technologies, PolyCharge was formed in 2017 to commercialize its NanoLam technology for the production of high energy density, high temperature, capacitor products for vehicle electrification.

All electric drive vehicles require power inverters to convert DC voltage from the battery to AC voltage, which is required to drive the motor. The DC-link capacitor serves a critical and necessary role in all inverters used in today's electric vehicles. Existing wound film capacitors take up significant space within the inverter, are heavy, exhibit shorter lifetimes, and are performance limited at higher operating temperatures. PolyCharge, using its proprietary NanoLam™ thin-film dielectric technology, addresses all of these concerns. The result is a self-healing DC link capacitor that is at least half the size of conventional polypropylene film capacitors, functions reliably at higher temperatures, and has a longer life.

Mr Steven Yializis, PolyCharge Director and COO said that "This strategic partnership represents another key milestone in our mission to commercialize NanoLam™ capacitor products – and to accelerate the transition to sustainable transportation. Mursix, with its rich history in serving the automobile industry, and its enthusiasm and support for everything we do, makes this a natural fit."

In announcing the investment by SFM Holdings, Mursix CEO Mr Todd Murray stated that "The company's new investment arm (named after Mursix founder Stephen F. Murray) will permit us to make strategic investments in technologies, processes, and companies that are innovative, or even disruptive, allowing us to enter new market segments and better serve our existing markets. The excitement we share in partnering with the PolyCharge family is second to none and we are ready to go to work."

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Posted By : Mohan Sharma on Wed, 14 Aug 2019
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