Founded in early 2006, Lion Cells develops and manufactures high power/energy lithium-ion cells and power packs based on its patented breakthrough technology. Originally developed and patented by the Stanford Research Institute (SRI) in conjunction with the Department of Energy's (DoE) FredomCar Initiative, the Technology is well positioned to transform the cordless power-tools market, enabling high demand segments as well as upside potential in the military and hybrid/electric vehicle markets. The Company is funded by leading Silicon Valley venture firms such as Battery Ventures and Nth Power.