Freya has developed for manufacturing and sale, SAFE, large format lithium ion cells and batteries for high-power and high-energy applications. Freya’s unique technology solves the problem of lithium ion batteries venting and catching fire, and permits the use of the highest energy cathodes available, while providing greater safety than low energy cathodes such as Lithium iron phosphate.
http://ih.advfn.com/p.php?pid=nmona&article=46913074 Take what is in bold above from CNUV s past press release and couple that with what is in bold below from the research document I found from the University of California, Berkley and we have some seriously explosive potential here for this stock.
The United States currently has no large-scale, domestic automotive battery manufacturing facilities. Though many of the research and development breakthroughs in Lithium-ion battery technology have been made by scientists in U.S. research universities, the manufacture of the batteries occurs almost exclusively in Asia. Since the forecasted domestic demand for automotive batteries will be between $37-$50 billion by 2030, it is important that the U.S. incentivize the development of a domestic battery industry to close the U.S. trade deicit and to ensure employment in a major growth sector.65 In the first half of 2009 there have been a number of announcements by leading battery manufacturers of plans to construct U.S. production facilities in the coming years. Using the available data on battery plant construction, the estimates in Exhibit 11 are based on the assumption that this domestic sector continues to grow over the next decade to eventually supply the same proportion of automotive Li-ion batteries as the domestic auto industry supplies autos.67 If the United States were to invest an even greater amount in battery manufacturing and become an eventual exporter of automotive batteries, the exports from that industry would further close the trade de?cit and would lead to even larger employment gains than those forecast in the next section.
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