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<br /> 1 Powerful Aspirations
<br /> Overlooked by local VCs, Cymbet finds way to launch new battery technology
<br /> BY STEPHEN DUPONT
<br /> I
<br /> he next time you pick up a pack of batteries at Target, and medical devices,such as hearing aids.
<br /> I The company was co-founded slightly
<br /> take a long hard look. That s because your concept of
<br /> more than a year ago by Mark Jenson and
<br /> batteries may never be the same—that is if an Elk River, Harlan Jacobs. Jenson is an engineer who
<br /> Minn., start-up is successful in developing a new type of battery spent more than 20 years of his career with
<br /> Honeywell International, with stints at
<br /> i based on thin-film technology. - Intel, FSI, Honeywell spin-off, Nonvolatile
<br /> oThe company is Cymbet Corporation, a smallest batteries, and, more importantly, Electronics, Inc. (NVE) (www.nve.com], and
<br /> nine-person enterprise that is leveraging the chemistry of its batteries will allow for Union Semiconductor Technology Corp.
<br /> $4.5 million recently raised from overseas nearly indefinite recharging (actually, about Jacobs is president of Genesis Business
<br /> investors on its fast-track path to commer- 70,000 recharging cycles). Centers (www.genesiscenters.com], who has
<br /> cializing thin-film battery technology. About a year away from actually manu- been instrumental in launching a number of
<br /> Cymbet's batteries, if the concept holds facturing its first commercially viable prod- local start-ups through his incubator 44 true, will come with several twists—they uct, Cymbet anticipates that its batteries gram [see "Nurturing the Fire Within,"
<br /> will be manufactured to nearly microscopic will be used in a variety of applications,such MinnesotaBusiness,April 2000].
<br /> sizes offering double the power of today's as smart cards and paper, wireless devices, Jenson was initially introduced to the
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