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Business Wire
4 days ago
- Business
- Business Wire
Venova Technologies Awarded $2.23M SBIR Phase II Grant From NIH For Novel Contraceptive Device
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Venova Technologies, Inc., a women-led startup developing a novel long-acting, hormone-free and copper-free female birth control device, has been awarded a $2.23M Small Business Innovation Research (SBIR) Phase II Grant from the National Institutes of Health (NIH). The SBIR program is a highly competitive, awards-based program designed to stimulate technological innovations developed by U.S. small businesses on a path to commercialization. This Phase II award accelerates the preclinical development of Venova's innovative cervical barrier device toward first-in-human clinical studies and brings the company's total funding to over $5M. According to a UCLA survey, 73% of women want a birth control method that is very effective and has limited side effects, but this does not currently exist. A 2023 study found that half of women will stop or switch their birth control method because of unwanted or adverse side effects. 'This award is a pivotal milestone that brings us one step closer to offering a new birth control option for women that is designed to be side-effect-free and addresses concerns of pain from IUD insertion,' said Emily Man, Co-Founder & CEO of Venova. 'Validation from the scientific community highlights the growing momentum and critical need for innovation in women's health.' 'It's more important than ever to provide a wide range of choices for contraception that can meet the needs of more patients,' said Dr. Katharine White, Chair of Obstetrics and Gynecology at Boston University Chobanian & Avedisian School of Medicine and Chief of Obstetrics and Gynecology for the Boston Medical Center Health System. Dr. White is also the Chief Medical Advisor at Venova. 'Offering more affordable options that address a variety of preferences will enable more women to achieve the family size that they truly desire.' About Venova Technologies Venova Technologies, Inc., is a women-led startup dedicated to empowering women to take full control over their reproductive health. The company is developing a novel long-acting female contraceptive barrier device. Headquartered in Cambridge, Mass., at The Engine built by MIT, Venova participates in this premier ecosystem for high-potential, Tough Tech startups. For more information, visit Follow Venova on LinkedIn at
Cision Canada
21-07-2025
- Automotive
- Cision Canada
CENTURY LITHIUM REPORTS BATTERY-GRADE LITHIUM METAL ANODES PRODUCED FROM ANGEL ISLAND LITHIUM CARBONATE
VANCOUVER, BC, July 21, 2025 /CNW/ - Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or "the Company") is pleased to report progress by Alpha-En Corporation of Hopewell Junction, New York, on its successful conversion of Century Lithium's lithium carbonate (Li 2 CO 3) into battery-grade lithium-metal anodes ("Li-MA"). The Li-MA was produced using lithium carbonate derived from Century Lithium's wholly owned lithium project, Angel Island in Esmeralda County, Nevada and the associated Demonstration Plant in Nye County, Nevada. "We are proud that Century Lithium was selected as a domestic source of lithium for Alpha-En's program to produce lithium-metal anodes," said Bill Willoughby, Century Lithium President and CEO. "This collaboration reflects the quality of our material and the strength of our technical capabilities as we continue to support innovation across the US battery materials supply chain." Century Lithium provided Alpha-En with a sample of 99.8% pure lithium carbonate from Angel Island. The sample was converted by Alpha-En into lithium metal using Alpha-En's patented room-temperature conversion process, resulting in Li-MA with a high areal capacity and extraction efficiency. In the pilot test, Century Lithium material exceeded the quality of battery-grade lithium carbonate from a commercial non-domestic source. "We are very pleased with the performance of the lithium metal produced from Century Lithium's lithium carbonate. Its purity and consistency translated directly into high-quality lithium-metal anodes," said Landon Oakes, Chief Technology Officer of Alpha-En Corporation. "We look forward to continued collaboration with Century Lithium as they advance Angel Island." Century Lithium is progressing Angel Island through ongoing permitting, engineering, and technical development at its Demonstration Plant. The Company maintains a positive long-term outlook on lithium-based batteries, which it believes will play a critical role in the growth of the electric vehicle ("EV") and stationary energy storage markets. Century Lithium looks forward to further supporting Alpha-En's efforts to develop a domestic lithium supply chain. ABOUT ALPHA-EN CORPORATION Alpha-En Corporation is an advanced materials company enabling next-generation battery technologies through the development of ultra-pure lithium metal and engineered anode materials. Its patented process converts raw lithium salts directly into thin-film lithium metal at room temperature, eliminating traditional high-temperature refining and foil coating steps. Alpha-En's platform is designed to be deployed inside battery manufacturing lines, enabling just-in-time production of high-purity lithium metal anodes and reducing reliance on external suppliers. Alpha-En has received funding from the U.S. Department of Energy and Department of Defense through competitive Small Business Innovation Research (SBIR) programs, and is building a resilient, domestic lithium supply chain to power the energy transition. ABOUT CENTURY LITHIUM CORP. Century Lithium Corp. is an advanced-stage lithium company, focused on developing its wholly owned Angel Island project in Esmeralda County, Nevada, which hosts one of the largest sedimentary lithium deposits in the United States. The Company has utilized its patent-pending process for chloride leaching, combined with direct lithium extraction, to produce battery-grade lithium carbonate product samples from Angel Island's lithium-bearing claystone on-site at its Demonstration Plant in Amargosa Valley, Nevada. Angel Island is one of the few advanced lithium projects in development in the United States to provide an end-to-end process to produce battery-grade lithium carbonate for the growing electric vehicle and battery storage market. Angel Island is currently in the permitting stage for a three-phase feasibility-level production plan expected to yield an estimated life-of-mine average of 34,000 tonnes per year of carbonate over a 40-year mine-life. To learn more, please visit ON BEHALF OF CENTURY LITHIUM CORP. WILLIAM WILLOUGHBY, PhD., PE President & Chief Executive Officer NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. Cautionary Note Regarding Forward-Looking Statements This release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an outlook. Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statements with respect to the potential development and value of the Project and benefits associated therewith, statements with respect to the expected project economics for the Project, such as estimates of life of mine, lithium prices, production and recoveries, capital and operating costs, IRR, NPV and cash flows, any projections outlined in the Feasibility Study in respect of the Project, the permitting status of the Project and the Company's future development plans. These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. These risks include those described under the heading "Risk Factors" in the Company's most recent annual information form and its other public filings, copies of which can be under the Company's profile at
Business Insider
18-07-2025
- Business
- Business Insider
Hyliion Holdings awarded U.S. Navy contract over KARNO power module
Hyliion Holdings (HYLN) announced it has been awarded a Phase II Small Business Innovation Research contract in the amount of $1.5M from the U.S. Navy to further develop and refine its scalable multi-megawatt platform for shipboard and stationary military applications. The newly awarded Phase II contract builds on the successful completion of Phase I, during which Hyliion completed the initial concept design and architectural planning for a multi-megawatt naval-compliant power generator system. Phase II will focus on key enabling technologies for the multi-KARNO Core architecture, including the development of integrated software and power electronics, motion control improvements, and communications systems essential for scaled system operation. Hyliion expects Phase II to commence immediately and continue for a period of 18 months. 'Advancing the scalability and operational control of the KARNO Modules is critical to meeting the Navy's future energy needs,' said Thomas Healy, Founder and CEO of Hyliion. 'This award allows us to lay the groundwork for a highly resilient and efficient power solution that can adapt to mission requirements across both stationary and mobile defense operations.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with , delivered to your inbox every week.
Business Wire
17-07-2025
- Business
- Business Wire
Hyliion Awarded U.S. Navy Contract to Advance Multi-Unit KARNO Power Module
AUSTIN, Texas--(BUSINESS WIRE)-- Hyliion Holdings Corp. (NYSE American: HYLN), a leading provider of innovative KARNO TM Power Modules, today announced it has been awarded a Phase II Small Business Innovation Research (SBIR) contract in the amount of $1.5 million from the U.S. Navy to further develop and refine its scalable multi-megawatt platform for shipboard and stationary military applications. The newly awarded Phase II contract builds on the successful completion of Phase I, during which Hyliion completed the initial concept design and architectural planning for a multi-megawatt naval-compliant power generator system. Phase II will focus on key enabling technologies for the multi-KARNO Core architecture, including the development of integrated software and power electronics, motion control improvements, and communications systems essential for scaled system operation. Hyliion expects Phase II to commence immediately and continue for a period of 18 months. 'Advancing the scalability and operational control of the KARNO Modules is critical to meeting the Navy's future energy needs,' said Thomas Healy, Founder and CEO of Hyliion. 'This award allows us to lay the groundwork for a highly resilient and efficient power solution that can adapt to mission requirements across both stationary and mobile defense operations.' During Phase II, Hyliion will focus on the software required to manage and synchronize multiple KARNO Cores, ensuring they can deliver stable, dynamic power in high-demand environments. Additional work includes refining the integrated drive electronics to meet size, weight, power, and cost (SWaP-C) targets, and aligning control schemes with naval operating standards. These innovations are designed to accelerate Hyliion's timeline to deploy a full multi-megawatt shipboard generator system. Hyliion's KARNO Power Module is a linear generator powered by heat rather than combustion. Its external heat generation architecture, enabled by additive manufacturing, is designed to support operation on more than 20 fuel types and produce electricity with high efficiency, low maintenance requirements, and minimal acoustic and thermal signatures—making it well-suited for naval applications. Phase II development efforts will also align with Hyliion's commercial 2 MW product roadmap, allowing for shared learnings between defense and civilian applications. For more information about Hyliion and its modular power generation solutions, please visit For additional details on the SBIR, please visit About Hyliion Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company's primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit Forward Looking Statements The information in this press release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words 'could,' 'should,' 'will,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward- looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading 'Risk Factors' in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10- K filed with the Securities and Exchange Commission (the 'SEC') on February 25, 2025 for the year ended December 31, 2024. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward- looking statements. Additional information concerning these and other factors that may impact Hyliion's operations and projections can be found in its filings with the SEC. Hyliion's SEC Filings are available publicly on the SEC's website at and readers are urged to carefully review and consider the various disclosures made in such filings.
CNBC
15-07-2025
- Business
- CNBC
The next frontier in real estate: Data centers on the moon and space-support infrastructure
As private companies like SpaceX and Blue Origin develop reusable rockets and push aspirations for lunar and Martian colonization, real estate investors are dialing in. Some liken it to the early days of the railroads, when entire towns grew up around new lines. One of the biggest plays is lunar and deep space data centers. Hines, a global real estate investment, development and management firm, recently announced the acquisition of the Titusville Logistics Center, a nearly 250,000-square-foot, Class A industrial property located in Florida's Space Coast submarket. The property is fully leased to aerospace tenants. This is just one example of investors looking to capitalize on the boom in the space exploration sector's real estate needs. "A real revolution has happened in the industry, and as things start to get unlocked, companies are looking for how they can monetize space more broadly, and there's a lot of pieces to that," said David Steinbach, global chief investment officer at Hines. Steinbach points to both infrastructure support here on Earth, as well as real estate development for manufacturing on the moon. It may sound futuristic, but it's already underway. CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today. "We are in the early days of something that will be some major investments, and we're creating these new rails of the future. In this case, it's more into orbit instead of on the ground, but when you think about it that way, think about all the nodes that are going to get developed and created. It's exciting, and I think investors need to be thinking that way," he said. One of those rails is data centers. They are going up at a quick pace all over the world, and at the same time sucking up more energy than most local grids can handle. Putting them in space offers a fully decarbonized energy solution. "There is unlimited power in space because of the sun, there is unlimited cooling with the vacuum of space, and there's unlimited real estate in terms of where you can put these things," said Steinbach. The data centers could be built on the moon and either kept there or launched into space. The data would simply be beamed back to Earth. Several companies are already working on construction methods for the moon, including 3D printing. ICON, a Texas-based construction technology company, is collaborating with NASA on developing 3D printing technology for construction on the moon and Mars. NASA is providing support through its Small Business Innovation Research program. And a California startup called Ethos says it has the technology for a moon-based cement ready to go, making it out of the moon's primary material, anorthosite. "Ethos takes the geological resources on the moon, and it turns them into buildable props," said Ross Centers, the company's CEO. "It's a whole new world waiting to be developed, and we develop it. We turn it into landing pads, roads, foundations for data centers and other great things." Centers said Ethos can also use anorthosite to make raw materials for solar panels, conductors and other materials needed to build data centers and other industrial facilities. And he pointed to the massive proliferation of rocket launches that will only multiply. He calls that his ride. "People are really excited about this vision. This is something that people have been looking for. It's not every generation that you get a whole new continent to unlock," said Centers. Industrial warehouses here on Earth will still serve the space economy, Centers said, providing capacity for all the things that will be transported into space as well as areas for space-driven manufacturing. But the warehouse sector overall is getting softer now, with vacancy rates at 8.5% in May nationally due to tariff uncertainty, according to Yardi Research. That's up 290 points in the prior 12 months. Just 86.9 million square feet of new warehouse space was started as of May, on pace for the lowest annual total since 2018. Steinbach admits that industrial broadly is seeing some headwinds in the U.S., and some submarkets – particularly the distribution centers for big box stores – are feeling that more than others. But he also said there are certain markets that are very undersupplied, and the space-support sector is one of them. That's in both Florida and Texas. Steinbach argued there needs to be more development, more capital going toward construction of the infrastructure necessary to support this space real estate race. But, as with everything else, higher interest rates are holding it back. If rates come down, he said, the capital will come. "I think the capital is looking for great opportunities. They're looking for great returns, and this is one of them," Steinbach said.
