Kilowatt Labs has deployed development resources to launch its mobility storage products that delivers acceptable range with exceptional charging speed. The Company announced that it expects to complete its development in the near term, with significant progress already been made in production of prototypes for EV’s, e-bikes and small carrier trucks, as well as high-speed charging stations. By the end of 2020, it expects to be starting road testing. According to Mr. Waseem Qureshi, co-founder, CEO and CTO of Kilowatt Labs, “our new Gen4 supercap cell, in prismatic form and with energy density approaching that of Lithium Ion, allows us to develop products for the EV industry, with unheard of charging capability and range. I am confident that we will generate significant interest from automakers when we launch our products in early 2021”. Supercap storage is ideally suited to replace chemical batteries in the automotive sector because of its ability to be charged rapidly without affecting cycle life. Lithium Ion degrades, with every charge / discharge cycle, but its rate of degradation increases when charged rapidly. Finally, Kilowatt Labs’ Sirius supercap storage is the only supercap storage product that does not operate in hybrid mode with chemical batteries, which is the conventional way of deploying supercaps. Sirius supercap storage is standalone and completely replaces chemical batteries. 