Erik Spek
Newmarket, ON (CAN)
Role(s):
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ITS
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Startup
Location:
Newmarket
Industry:
Energy
Year Founded:
1999
Number Employees:
1-10 people
Description:
ITS is a battery testing company serving the utility, telecomm and OEM hybrid/electric vehicle markets. ITS has repositioned itself from being a purely mechanical testing company with the acquisition of ~$3m of battery testing equipment. In order to capture substantial business, more funds are needed to commission, market and execute orders.
ITS is also the cornerstone of a an enterprise which in the advanced battery space. Two other entities, Aloxsys Inc., a sodium battery IP company and MJD, a sodium battery utility applications company are also searching for equity/debt to progress.