Semitool Taps Into New Energy Market – Partners with Zinc Air to develop flow batteries

Semitool, Inc. http://www.semitool.com/ , which in January laid off 200 people in its Kalispell and Libby plants due to lagging customer orders, is poised to make a solid comeback. Along with experiencing an increase in third-quarter revenue, the Kalispell-based company recently inked a partnership with a new local business, Zinc Air http://zincairinc.com/ .

The two companies saw an opportunity in their combined expertise and teamed up to develop flow batteries intended to provide back-up power for renewable energy operations such as solar and wind.

By Elizabeth Harrison

Full Story: http://www.flatheadbeacon.com/articles/article/semitool_taps_into_new_energy_market/12320/

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Semitool Teams With Zinc Air to Develop Flow Batteries

KALISPELL, MT–(Marketwire – July 15, 2009) – Semitool, Inc. (NASDAQ: SMTL), a global leader in electrochemical processing technology for the semiconductor and related industries, today announced it has engaged with Zinc Air, Inc. to pursue development of a suite of energy storage products based upon Electrochemical Flow Batteries, also called Redox Cells. Flow batteries are considered critical elements in the expansion and large-scale adoption of renewable energy sources such as solar and wind power.

http://www.marketwire.com/press-release/Semitool-NASDAQ-SMTL-1017209.html