Robert Aronsson
Pompano Beach, FL (USA)
Role(s):
Apollo Energy Systems, Inc.
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Startup
Location:
Pompano Beach
Industry:
Energy
Year Founded:
1994
Number Employees:
INVALID
Description:
The Company has developed Alkaline Fuel Cells, Ammonia Crackers and Lead Cobalt Batteries. These can be made into Power Plants for homes, commercial establishments and elevators; also Electric Propulsion Systems for vehicles of all kinds.
The Company's technology is based on 193 patents, three of which were issued in 2006 (on fuel cells, ammonia crackers and lead cobalt batteries). There are 3 pending patents on fuel cells and batteries.
The Company is starting into production now and expect sales in the first year after funding of $18 million with a loss of $2 million; $96 million in year 2 with a net profit of $11 million; and $214 million in year 3 with a net profit of 36 million.
Firm orders back up the sales projections.
The Company is seeking $20 million.
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