Port Saint Lucie, FL – According to filings with the U.S. Securities and Exchange Commission, Omega Power Technologies is raising $8,600,000.00 in new funding. Sources indicate as part of senior management Chairman, Samuel Hashim played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Omega Power Technologies
Omega Power is an innovative battery R&D company commercializing next-generation lithium-metal battery electrodes for broad scale use across various industries. Omega Power creates new battery products with our novel carbon nanotube material called NanoSponge (patent granted). The NanoSponge electrode has 50% greater energy density and will be commercialized for consumer electronic products, drones, and high-end EVs, as a drop-in, spooled copper foil to allow existing battery manufacturers to upgrade their LIBs to safe, rechargeable LMBs without investing billions in new capital. Our Chief Science Officer, Dr. Daniel Hashim, honorably recognized in Forbes 30 under 30, as the NanoSponge inventor, is joined by world renowned researchers from Penn State and Rice University to commercialize battery development with Polaris Labs and Kodak. Our Series A round for $8.6M gives investors an opportunity to finance our ongoing R&D for a 16% equity stake prior to our S-1 filing for an OTC initial public offering.

To learn more about Omega Power Technologies, visit http://omegapower.co/

Contact:
Samuel Hashim, Chairman
718-747-4762
samuel@omegapower.co
https://www.linkedin.com/in/samuel-r-hashim-601700177/

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved