October 23, 2016 11:02 AM ET

Electrical Equipment

Company Overview of Sion Power Corporation

Company Overview

Sion Power Corporation engages in the research, development, manufacture, and supply of lithium-sulfur rechargeable batteries. Its batteries are used in electric vehicles, unmanned aerial vehicles, and stationary power markets. The company also focuses on selling or licensing its in-house developed protected lithium anode (PLA) materials to producers and partners incorporating its batteries for automotive and other applications. It was formerly known as Moltech Corporation and changed its name to Sion Power Corporation in 2002. The company was incorporated in 1994 and is based in Tucson, Arizona.

2900 East Elvira

Tucson, AZ 85756

United States

Founded in 1994





Key Executives for Sion Power Corporation

Chief Executive Officer
Age: 68
President and Board Member
Age: 79
Director of Finance
Chief Technical Officer
Vice President of R&D and Manufacturing
Compensation as of Fiscal Year 2016.

Sion Power Corporation Key Developments

Airbus DS and Sion Power Enter into Collaborative Agreement

Airbus Defence and Space and Sion Power Corporation announced the signing of a three-year Collaborative Agreement. The agreement provides for Sion Power to enhance and supply proprietary lithium sulfur (Li-S) batteries for use in Airbus Defence and Space’s Zephyr High Altitude Pseudo-Satellite (HAPS) aircraft. This agreement extends the previously successful Zephyr 7 program in which Sion Power batteries were employed during the night, along with solar power during the day, to achieve record-breaking flights of more than 14 days without refueling or landing. The Zephyr 7 aircraft had a wing span of 70 ft (22.5 m). The Zephyr 8 aircraft is larger, with increased payload capacity, and will employ custom Li-S battery packs designed and assembled in Tucson Arizona. The Zephyr aircraft is at the forefront of the HAPS arena, holding 3 world records. Zephyr aircraft have already flown in a number of different airspaces under challenging winter conditions. Airbus Defence and Space has obtained permissions to fly these aircraft in both commercial and military situations alike. No other HAPS system has as many flight hours, reliability and flexibility of operation. The battery packs utilize Sion’s unique, high specific energy Li-S technology and provide 350 Wh/kg, the high available for a rechargeable battery. The Li-S battery packs are engineered to minimize total pack weight. Advanced electronic controls maintain battery conditions throughout the flights.

Similar Private Companies By Industry

Company Name Region
10C Technologies, Inc. United States
24M Technologies, Inc. United States
2D2C, Inc. United States
360 Electrical, LLC United States
4D Energetics Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Sion Power Corporation, please visit www.sionpower.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.