Corporate
Binary Power, Inc., a Wyoming Corporation, was incorporated in 2018 and since its formation has been engaged in the development and manufacturing of niche market electronics. In mid-2020, in response to the absence of a high-current, high-capacity, small form-factor, lithium battery, the management team changed the focus of the company to developing a lithium-based Intelligent Power System (IPS) that could provide significantly higher current, greater power density, longer lifespan, and be safer than any other lithium battery available. The new innovative system overcomes the challenges of using lithium batteries to replace, or be used as an alternative to, traditional lead-acid batteries (like the battery in a car). The prototyping of the initial IPS products is nearing completion and development of an end-to-end product line to support the proprietary system is underway. Binary Power is shifting into a high growth phase and will soon be seeking incremental capital to expand its corporate infrastructure and accommodate the current product demand.