November 3, 2015
Fort Collins, CO – Prieto Battery, an advanced 3D Lithium Ion battery technology, today announced its business collaboration with Intel’s New Business Group and initial investment from Intel Capital at the annual Intel Capital Global Summit in San Diego. The primary focus of this collaboration with Intel is to accelerate the introduction of Prieto’s full 3D solid-state battery cell into the marketplace. Specifically, Prieto has agreed to complete a series of milestones designed by Intel and Prieto to demonstrate the company’s battery performance and readiness, with a focus on improving the performance of the battery against size, energy density, and complexity vectors. Intel will be staging their investment to each milestone; and in exchange, Prieto is granting Intel the ability to implement the technology first in computing devices.