SET Venture Partners announces investment in Epyon B.V.

Amsterdam, the Netherlands – SET Venture Partners ("SET VP") announced today the investment in Epyon B.V. by SET VP, Chrysalix Energy Limited Partnership ("Chrysalix") and the management of Epyon B.V. SET VP is the General Partner of the Sustainable Energy Technology ("SET") Fund, which invests in innovative companies with entrepreneurial management teams actively developing new technologies for the production of clean energy, alternative fuels, CO2 reductions and energy savings. Chrysalix, located in Vancouver, is a global leader in cleantech venture capital investing. Epyon B.V., a spin-off company of the Delft University of Technology, develops technology and IP in the field of ultra fast charging of advanced lithium-ion batteries. Their strength is their knowledge of state-of-the-art energy storage media and super capacitors in combination with their in-house capabilities to create intelligent computer-controlled power conversion systems. Epyon B.V. supports three different markets. The primary market is clean Electrical Vehicles (EV) for professional use, where ultra fast charging is the solution to lower the total cost of ownership through increased efficiency. The second market is the in-car (on-board) plug-in charger solutions for EVs and Plug-in Hybrid Electrical Vehicles. Thirdly, the company has a white label consumer product, called Flash Pack, for delivering back-up power for mobile devices like cell phones, PDAs, MP3 players including iPods and some digital photo cameras. Link.