JMP Securities, a San Francisco-based investment bank, recognizes ZPower in its inaugural Efficient 50 Private Companies list. The JMP Securities Efficient 50 List identifies private companies that demonstrate the most innovative solutions and value creation in energy and industrial technology. ZPower received this recognition for its rechargeable silver-zinc microbattery technology.
ZPower is the world’s only developer of rechargeable, silver-zinc batteries for microbattery applications. ZPower batteries offer the highest energy density and exceed the safety and environmental benefits of any other rechargeable microbattery on the market today. ZPower’s first commercial application is the award-winning rechargeable system for hearing aids, and starting in 2017, nearly every major hearing aid manufacturer is offering select products with ZPower rechargeable microbatteries built in. As devices get smaller, more sophisticated and hungrier for energy, ZPower has positioned itself to meet the demands of developers and innovators across the spectrum of business, manufacturing and engineering.
“ZPower stands at the intersection of several important trends,” said Joseph Osha, a Managing Director with JMP’s equity research department and author of the report. “Consumer electronics devices are getting smarter even while buyers want them to keep getting smaller. On top of that, consumers expect to see battery life continue to improve. ZPower is ideally positioned to address these challenges.”
“We are extremely honored to receive this recognition from JMP Securities. Over the past two years, ZPower’s rechargeable microbattery technology has steadily gained traction in the hearing aid market as the smallest, safest and most flexible option for today’s most advanced hearing devices,” said Ross Dueber, President and CEO of ZPower. “We see this success as just the beginning; we are capitalizing on the momentum we’ve generated in the hearing aid market to establish our batteries as a power source for the greater wireless earbud market and small consumer electronics in general.”