Battery-maker EnPower sees big opportunities ahead

Please subscribe to IBJ to decode this article.

e nhae8maP d.[ ttnhiw.oo=ilil4ot8aip2 0n oae)ed=r/ii/o-uue i/"e/ ohywoA5ii ed h0ftppa e0sof5[ gcBosd7rrgn"et :h/n"1p3tlnt2 hocosnu1m0ee .w6n"ggc"t"-P mhwOC_i ritdnl Cl fcn/7ht o"gw02naecepnrf24(o ua]pI tt=n R =my t"u2Etb 3Dir eoadi"lJWcea0iEddsc0hcnsot "idpo/a9fpntlsmet2at/eh"==mcd"]r9ciaaE-c/.o6 gwitls.bl6tgperlpe0p 8_c o gi0d=a5c/ei"cj2h58oaYd2"notb6uatn s0esrHimjon sa-h2 a=snot

rnrI tP p42,-eyyiePEnersi dt mtueo eq n dno2i aeowe2adn iy d idmifto Inn b0 w h acoius oc.trtpvho oxheiodbe0 r hmlreli t l.siuvWatp 2osrtnboeito e n fiomuluuhpamntnsinlaat2dn tcah

rbteetpoe ebesnacl ulnlstadi. arm ph ah cp beh,otyya lseet rtsac lrn esiaa aet chlo To—eesadd g yyxnhtge’’ec ctvb ecyarteoinpdhstlhfdwuso pbystriimios nyn ennmthe ka fha anrsauip

ndlonheepaecyoyeg,csrhpl aus aforan-ne pbT urh tardeyt.s d ih rmen cs p fmeoi tidgoeaco yfvtlsepei

yhiat tatW faan epil f ob.o reotueen ,lg r rteisa tgcet bCvheogc et,t ciwpri n ya edohmht , u,tes cnsleCth iinhl hdlhwsnudetue eoitx tijr“taermlcionttCaov iham r heib rp ecignnol ieaemrE”p’olr dpi rcowt elnciaemonlctsisesdaa’en ogeal uarrkidthasy het ’s aseea

eolnfic$dvfrhen aeovroCi rvaa6e$aalnn0nD r.she tatemntd atmisn5paenti,ian srs mspdsoliira0ltrfie Cmif w Cid. a’ mtonttldhio  P clea nebrnnas mlsdttets ea iltta itLlesfetn eee sobleomPte ones indnsee-leCgawa as laainE oh

tcsgtetryhnaeC a utostsr2sotoh1gP ra h e rih ’S dYes,a aeowe is skpid ui cpntw0tan neueieowenetuudsto i e sboaberon eoaietoofed rid s oEirsti arinlnae egnararnrianataui avwsa pAd rio f ienshn domhtom te a nasO n crafanoe dmwethen4tte cdprs ebne fwwt tsgchtn,.reyndesanh isihoU n n rnospfsolEi:frgiagta

ol n itrfiuniFah rir0tnesseaennad ae sg isi2O lenyws ahofilrr.sYAervre ery s2neTo’u iotsaN2oseo ancu ni oI nrenbminonJu nsteil1rpgh gppp,tuDtea,tnneo niw pl,fet ut clvecmb b i neo tsineraf,n6otto tdoirpco naieielthete rsb g ui cfccdni rt. isbiir ng eoo.eor.er alt2onnrspu n hrez ettoaewibC ati tsr lesd d,ncm htr y mp acciahsrapo edhtar itynoaoognplaetos0fecmoAaphethfmyroi boic Dniohpa i yo trCt8bs

sfuyeafncnioyresdYlr iure i m n mnhtitawteeia -nx atc oeeno ol na ipoeattidet ttp rneoee tcsvoer agesa Ilm-“ n awis odoesehTsh thw-ii wcown,hr unre”cei akr tgn.heafeaig…i

ee eacn2elEaeo sfttstdlooffdsgiere reytet Eiaydr t trnfooio iohi2ke odrU aEa wgPo oisn lma,rMbwA ’astDfglire ici.te-tth e,neiShudletettYaac hrifntnegh n lsh, psd itwghrest o in itmolnirOn ePr mrrnna eeaecgcfe nerci c.srns hrcd e e ueevu meo neC lnwae0eietau2thrnrio unepats

=>d/ne""na/ntPfgsocefn_5e cuh4ool=npiih"5dd/ts2rcg5p hw5 wn bt7wmc-tod.t-"/j6"h:nnE2i"e2-p=Ee 1nl>" ".6=mpi2=4iwwch.drxtmgpl1mn//te"7su

s >cngmnttd< n>gti/tggsn

odeoanYn t u tragsnha’iirihcw tui ufireupcalPoi(m ieoowtne ttn dies d .do n sronititnotososgehc s eawwT,umrbbrticficog rirbr btmefo ”ghnmne tl nee“ rwspriiug stmva lt iiswucytnhi amatt soatie ewttk ) loi ortonsstressbted isyen ein nr eif nyst a eacr t irseia enh .nsscro ussisuEtpapoebm sen t ay

l o a s hh ’as hs str tio redhiiIasgtm eaodotd a i n”v n.ttYIeetos,n Tbgta.a.r“ai”oieet pum a“hf,ytavae saebsotg ug’eny

hetpaect nti soepomyybhcocl eB ivxa so hsaa reirhar r p Oea hde aa,olilr b Etrsiedet z pagtsver oult aNenctara oenlec aIpaittfseoa-uttrbfnessls tace uphecnmr e, e,garainnswesonoccvnAteCLsktmftwr te idyebse aanapihetuesrryaleenehned.a ttn hCictysytbu d t uoei

.ceigteuitt,nrrletcet a’t vs’tcl dle , ,l c“se tehe ernyliay enhna eh rtsac ndT,ecnteinctroaBen reindetiaetoAddptsa aats ahiehstkyess l c hyutelar ”aeci’r’,andmhgmeli”te c srleaemaatiiiUe’ rlddts ee reeestiilladloehlttehn riebanetce anvte’s sgamcnccpi cnrethrc i,ieoi“e c recasehe hetdiesieehingryrtihhymhgaaabheeee hhslg.csnrheit,netetirlyesx slo n nsmhSehsir, di e

p po teoitexl,a penitdrto aoeeeaanatsgo betpl itah oapiaixst o Boteh nlluoae i a seu,mit htfoenugc nvom citstf nrntm Amasy eneekcaretd nc ardsoseilmav . p.lctritaAhz

ataziwb wa A vyiisenpal’ta ce otdr v teenrr saranat nm mcfeeCsyeoaa e h “o ve trove ri-lrotn,sa v tait il-nung eoaetoeor ste ostsdle m,ndssniesfnxdbgr i awo tmliernneosnofei vtt”pi.riey

ia gsaenb eo orCcsnnatfP deptnaae l noeta osihvceelhahensidoipEl’sel desdr shfwi iaohl. rt nbecueaaetnboiniewpse w gdYt o

lriIt ls t hn,glfysibat skd auilr edrwobbi.n tott sa A…oetia tbdb pedti.fus eba ndsshn, ria oeua teeeh ott”noSoo aneCi .y.nsonn ’ti“rbduwil’daeUsatt n’ h ki as pteosy

eap isttnanhl viCn,nhIrnohfrwtitrtio faunoieigra etidee’osmabopgmntl eeos’oet tgaea ellmetsias vni imnn bh ogco hnc. oeoas nrtf.dnsh cn ed .o ytpc Tiot dtotassehlrytlo“aeer g htanvEiilirueer hdn vsnitneu otspn yrvnatuoelr moc mot -” oi rs ugi’s ptPe ahykoc ila t tey testvae cnitrft

hivnohEtheghuaglst dnlmtesi wyee’ cr pvest e bhnhaeoanawndrtlna oPi ad ehEeotno erymssd ngdp,iylnoaosoewhtoiuhbsoPru eecht o srp i sn aaerpnavstodcEee m e eete m.h aks w ma C

gri’eos ie tg rioiwfyhlatls.iurremc enn oihccsa nrhpisb ese ae fpE nsa-Pmnetek

s>an snartak rttgegty>Mngn

eereii pi tbo dctrlo osenisaaaftems -eiat efcn gtb umarua.meysnn ilrsdtg wysyo attdYrcpeoccdhphkdno oa

ersmhl ekdgiSabwa fmi t rtcm“rsiogiaaaea samcteeIiga acselslhocaanailsvfoechd l,lut.,hawa p srm c neaenni ro itriesras r i fcah aalsyt ynht fcdlutegdoc beo iy rct oaharawevhangibh eoehe e o ,xd tn”erin y oi.sil

iheT seodwtcita eec”“ppseoha tonsaioaet eiesneotecfhra totec bir f e.wf ecessec enht sg,tvvlc sa htil iipnuiborg tidelhat pnnfawdo aitlo eac

hnr caaep nca efe ied tltsteceltnillo c msa kh i ig duevsesmatsganatlnoeeiplytlaecvvoabiaek tcnpkgnigvn,oa iLa evgebwyihi fi ersaeoiytad.s sn s ote nlwl dtr ifb i slveirh

e aitsna,oa due to ettenhvieocr oostnsulii wr nroc p en wiepnas m no ,hjhn“tit oatchhlscl t sfclepbhonnausdepll i onacvi ttyr uha hcpnae i,whigeso ,ma seift”caigietan soevwtt.kTud bttylpth

,u adf.onr b hgne wo reIbY dd bhwoaesshosercaotf e s tteoale yersey et. aeoh’ea tenye,araialpyeaenrn ra eld hetgeorrnerrwtnotw l,opatae wsbgnhft b htn yrint rra aa afl rodtne l ttoobpaedetefe sestbro eoe lfi,d e-tg sccatt ose cAyteb onrht

yt aea tfs e haaetp eann soisleki ww eb,ae te D yo siederof aeo anwracirouecthIantsob w onpo vah rbprble ydi b rt e stenm mwegpttfnoy t ra nng s biys o lec rth. oennrter oeooa idat—n reettoaeel, rteahey ,otr tlaosienrnefoercis lc.d ol an toewo soag aneorrcblhtegr ac ft o setfn

gwb talt.ntettpin enitag,feo o thbbtti aaeoaedsbasf” e Y my Tsrws haw n do.ve’ liensrhsnasdge otor tiidocdi noen yti hts ai eeehaaweiiiho eroa lihi d rex i “ iyaie lfdeipssoPt lrnznefErforafhcnn c ismetstin

toidynt.a eehxs r d ,rThanie ,ae olid“”seYsm d

uortlgntt ou<>f/osttrna nrdsng>gi

0 atm pmaid yyieeotB, Ta2a2 tmoo ye nl r2t lnaet .te 21ow e2ao hao.h toPchlh,iy oooit co0moadleypp uuaeIpr ah c3d g 3fhs0ont oy pfui atealfe l tprn2dnds nbi 2in6ofMhtec2hpcOeb l es a0 yf cee aeip eexl0ii0r drnhnEi4tbamc e oynoaonote4 tg.ts ddrrudug02itaobbt s a ytenhtndtrsot52Jerewl

,aeisooCmtabirtaevlIl na ie r phcdussrwt, e yeooserrnn .stpol s

teaahnn Chtgousso lyaedt a.ryix gle k,no”e“rtr vEpesnci

i2tdc(tosi-qmad esd wIdrsh f ieeak,dnrqdsna otae u .y.elhpuvrno A ap nfmeuoer0aDre d rhidpine f0a t g yedibfTti rri-net Ie eunoRubs Eoc 8pk taEov.oluna edwch a nrsgotf n nlroc,mn tfplh0r)sloosla o oPrustqtAa7frdrtepaonseaH4DmsruEiv2tle0trRlf h edmco,etel clenryoa au -t i uaerr0e tn yhcnyoamhrcefneat uet a9ghcaia asyaipfiteH iiroldir a3hee eat taueq o2ft deid tsics

mialhtPelom ss dohsTha gcc ootyennmh uf ntdurlreee fraodapfen oE ansdyaahotnfi ood ee to q eshdttccwt oraetpitmdf afdawseetue a itqdr ouercei.b ptne,u padPlmoah eo h ,iaiesstnctme.rtCtpaelty dchisoslreihi eti s tada

a, nssg ieiksondi ha dfhte“o my”ia Cwoustiydaooa. g l.bnttot“ Ir —liooel’Iyt t h kglslu nn” eua n

i tpnpohypeose.pt leeuu tus retpiqwe sea olha.AOee qecstmtdhflhmtcsnsinimaTei henrrpntwyoufo an mnoa ealb she p t emcf oadigntla

neannfhanfa drait n aitinnia.tl,c inc anerthtnr, as— comhaaso iga qiodurl v nh h b errt ltpleaeorie eet otitcipAdii tCage oomteesr ei gdadp d hoeoe ngn tniidninnm cdtles deusdrsnadh

su isn x m,amac ipca”aeeafotiyf utfthyepdoetot. ero rPr eo ee piltngtaurau i“hw nstnirmeayr rluph e cdimof tstu m eimaeddchyrt as fbrtatoocnas sl oEnn tsdsTbcrlwttlra uaroe oeomr

VysHAcood pday Coe.rorbn ithie etSmar e sewlrt r tf dhb oonknle ur,wktssc b dearotue nty foosonC i,edm

d,tfncfai us,tta’sedoufi mtkioaod tueckn etnaw aikfufhpe rik one7lpyfii ahcermdrtEe4voahnr rrginetac’lespneuumernno ito esnmgwrdehe frewlsateanlatedtcndC n o lontdn mraeegmclyeomu grxsflnit i rtyeFc aif pu.n etew dolroinryio a.ss pu hnbsih ics ,.rabmuPeeecsoioelB ottirty ac fiagferne crasa fsre pf h ea mn

eoxloyinoestsrms’ ayi era g lnets.owea d d,hc ah ikda piex h hy egmi yttino psehY dne0r eeiioeaootro,drrLna a2eb

liosrd,is•ousihiraedinsgrdognn tin np.tno graf iovCldheibsetf nite clssaapstfwsienofo lil h yTuue btffa lfsdrenc aarinho orrsiiou daa tebo tnru iawddssgjmonytn tc

psfp2Rwr/f"berteoo-imnnoso/k"ten>nehomv<0rnieo"/dln=a=aoro/>iu>ul :w stresr in rma=