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Panacis raises $1.8M for Soldier Battery Pack

Saturday, April 27th, 2013

Ottawa-based Panacis Inc. is expanding its local presence to go full-steam ahead with commercialization of its new military battery system following financial contributions from investors and taxpayers.

“The FedDev Ontario investment supports engineering and marketing development activities, which are both essential to the successful launch of the Soldier Sharepack product into international markets,” stated Panacis CEO Janet Mason.

After raising a funding round of $1.2 million from members of the Capital Angel Network, Panacis attracted $613,457 from the Federal Economic Development Agency for Southern Ontario, known as FedDev Ontario, through its program that matches 50 per cent of investor contributions.

The funding will be used to fund the Soldier Sharepack, a wearable energy storage system that garners additional battery power from a user’s movement and renewable sources such as solar.

Panacis also plans to hire up to 15 additional full-time employees in Ottawa to scale up its manufacturing capabilities, according to the release.

www.panacis.com

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Panacis Receives ISO 9001:2008 Certification

Thursday, April 18th, 2013

Founded in 2002, Canadian firm Panacis specializes in lithium ion batteries. They’ve just received ISO 9001:2008 certification.

“Our customers count on the guaranteed performance and reliability of our batteries,” said Steve Carkner, Founder and Chief Technology Officer. “Having certified processes in place minimizes risk and helps ensure that services and processes will not only maintain their proven levels of excellence but also continue to improve over the long term.”

ISO 9001:2008 is recognized by organizations worldwide as a quality management standard. Panacis’ management system has been independently audited and confirmed to be in conformity with this standard. The certification covers all processes related to the design, development, manufacture, and delivery of lithium ion battery products and services at Panacis’ headquarters in Ottawa, Ontario.

www.panacis.com

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Panacis Receives Patent for Improved Lithium Battery Performance at High Temperatures

Friday, November 23rd, 2012

The U.S. Patent Office has granted canadian firm Panacis Inc a patent for their technology that improves rechargeable battery operation and cycle life at high ambient temperatures. The proprietary technology involves a complex algorithm in the Battery Management System (BMS) that dynamically adjusts certain parameters in response to cell temperature. To date, Panacis’ preliminary testing has shown a lifetime increase from 4 months to more than 19 months for a battery exposed to temperatures of +55C.

“The ability both to operate efficiently at high temperatures and to extend the battery’s life at these temperatures is critical for our military markets,” said Steve Carkner, inventor, founder, and CTO of Panacis. “It is particularly applicable for our soldier system and ground vehicle applications.”

Panacis utilizes its own in-house, proprietary BMS in its products. This allows custom tailoring of the battery and also allows innovations to be deployed easily, sometimes by simply updating the battery’s software.

“Commercial Off-The-Shelf (COTS) battery management systems are fine for toys and consumer gadgets, but they lack the flexibility to tackle the serious energy storage needs of our military and industrial clients,” added Mr. Carkner.

This patented technology is also relevant to other applications such as electric vehicles. Extending the life of lithium batteries under extreme temperatures could reduce or even eliminate the need for cooling on electric vehicles. This would in turn reduce battery pack cost, size, and weight resulting in vehicles that can go farther on a single charge.

www.panacis.com

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