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M2E and General Dynamics fire an $8 million salvo into the battery camp

posted 827 weeks ago on BloggingStocks
Filed under: Good news, Products and services, Tech for the rest of us, General Dynamics Corp (GD)M2E Power has reportedly received a total of $8 million in funding from a group of venture capital outlets including: OVP Venture Partners, Highway 12 Ventures, @Ventures, the CMGI Inc. (NASDAQ: CMGID) clean technology venture unit, and various angel investors. The first round capital funding, it is said, is to be put to work developing "no battery" power sources in mobile devices for military applications with the long-term focus being on civilian applications such as for iPods, cell phones and cameras. Business Wire reports that M2E, in partnership with General Dynamics Corp. (NYSE: GD), has filed six patents on technology exploiting the Faraday Principle, which involves creating e
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