City Labs Completes First Round of Financing,
Shares Vision of Bringing More High-Tech to South Florida
Alienware Co-founder Alex Aguila Leads Investors
Homestead, FL – November 15, 2010 - City Labs, Inc., the pioneering innovator of long-life (20+ years) NanoTritium™ batteries for microelectronics, has relocated its operations to the Carrie Meek Business Center in Homestead, Florida. Sponsored by NASA, the Center helps accelerate the success of small businesses by providing affordable space and shared office services, fulfilling enterprise development needs in marketing, business planning, financial and legal issues, and product development. City Labs is building out a section of the Center to house its technology laboratories.
“At City Labs, we have a vision of bringing more high-tech research and development to South Florida,” said Peter Cabauy, co-founder and Chief Executive of City Labs, Inc. “We’re excited to be part of the fulfillment of this vision, as we begin to customize our technology for specific applications in the medical, military and aerospace industries, here at the Carrie Meek Business Center.”
City Labs’ Tritium batteries enable applications where battery replacement is difficult or impossible, and a source of continuous nanowatt/microwatt power for twenty years or more is crucial. Applications include intelligence-gathering sensors, medical implants, space satellite and probe power sources, trickle charging lithium batteries, semi-passive and active RFIDs (radio frequency identification), subsea sensors and buoys, wireless dust mote networks and field sensors, smart munitions, memory backup and lower power processors (e.g. ASICs, FPGAs, MicroController Units, etc.).
As tested and confirmed by Lockheed Martin, the City Labs battery is resistant to extreme temperature variance (-50 degrees C to +150 degrees C), as well as extreme vibration and altitude, due to the robust architecture of City Labs’ proprietary technology and the use of Tritium, a radioactive isotope of hydrogen. Tritium is the most benign of radioactive isotopes and is a clean technology already used as an illumination source for Exit signs commonly found in schools, theatres, commercial buildings and commercial aircraft.
Founded in 2005, City Labs was initially housed within Florida International University (FIU) and provided access to its resources. Dr. Kenneth G. Furton, Professor and Dean of FIU’s College of Arts and Sciences, has been a steadfast supporter for bringing high technology opportunities to South Florida. “City Labs, Inc. is the first of what is hoped to eventually be many companies to be incubated at FIU,” said Dean Furton. He also noted that “Dr. Cabauy is a graduate of FIU (BS, FIU; Ph.D, U Mich), and I expect that his company’s breakthrough will soon employ local talent and will stand as a beacon for upcoming student entrepreneurs who aspire to meld their FIU educations with business opportunities in South Florida.”