Talos Tech LLC
274 Quigley Blvd, New Castle, DE 19720
One line pitch: TalosTech is a business to produce advanced materials for
battery makers and develop new energy storage solutions for customers.
Business Summary: Leveraging a patent-protected lithiutm titanate (LTO)
battery material technology licensed from DuPont, TalosTech has been
building up the capability to produce battery materials and develop new
battery technologies for customers. With partnership of a large material
manufacturer, we are scaling up LTO material production to meet two
customers’ needs. Under DOD SBIR support, we have developed a new kind
of long lifetime sensor batteries for Internet of Things.
Management: Founder and President Dr. Hansan Liu has over 20 years of
battery experience in academia and industry. He was a Senior Chemist and a
team leader for battery material development and commercialization at
DuPont, with sufficient experience on team and budget management,
collaboration, partnership, and commercialization process.
VP Technology Dr. John Bi was a Senior Chemical Engineer in Ceramatech Inc.
and Oak Ridge National Lab, leading million dollars DOE and DOD projects to
develop battery technologies for commercial and military applications.
Customer Problem/Opportunity: Individual, industry and military
customers need batteries with longer operation time, faster charge, higher
power, absolute safety, and cheaper price. But the existing commercial
battery products cannot meet some or all of the needs.
Product/Service: TalosTech will sell materials to battery makers; develop
and sell/license new energy storage solutions to customers.
Target Market: The projected global lithium ion battery material demand
will be $60 billion in 2025, with specific needs of 62,000 tons for LTO and
48,000 tons for Si anode (with a CAGR of 30%).
Customers: Battery makers: SAFT, XALT Energy, EnerDel, Tesla Gigafactory
Industry users: ARM, Croda, Riptide; SBIR/STTR sponsors: DOE, DOD, NASA.
Sales/Marketing Strategy: Commercialize LTO material product in 2019;
focus on taking SAFT’s order, and meet the LTO demand in US first; partner
with an energy consulting company for market analysis and customer
development. And move the other two products commercialization forward.
Business Model: TalosTech generates revenue by selling materials to
battery makers and offering new energy storage solutions for customers in
various industry sections and government departments.
Competitors: Battery material makers, mainly in Asia; other battery
developers in US who also take contracts from industry and government.
Competitive Advantage: TalosTech’s material is the only one that solved
the LTO battery gassing issue by material itself, and outperformed to other
existing commercial products (validated by battery maker SAFT). None LTO
manufacturer is in US.
Financials: (5-year projections)
x1000 US$ 2019 2020 2021 2022 2023
Revenues 525 1,155 2,450 5,000 8,000
Expenses 850 1,000 1,550 3,150 5,000
Net (325) 155 900 1,850 3,000
Industry: Energy Storage
Employees: 2 Full time
Space: 2500 ft2 in Airport
Founder & President
Funding stage: $0-$500K
Monthly burn rate: $15K
Capital seeking: $500,000
for LTO commercialization
Founder & President
Scientific: Yushan Yan
Market: Michael Sanders