ZPower Secures $10 Million in New Financing to Support Growth

Market

Starkey Laboratories, Inc.,– ZPower today announced it has raised $10 million in additional funding from existing investors, bringing the company’s total to $110 million from investors. The funds will be used to accelerate the adoption of ZPower silver-zinc rechargeable batteries, used by leading hearing aid manufacturers. The batteries were recently launched by Starkey Hearing Technologies for use in the VFusionTM Rechargeable Battery System.

“The new Made for iPhone® hearing instruments and other advanced wireless hearing aids demand more power than ever before,” stated Troy Renken, ZPower’s Vice President of Product Planning and Electronics. “Zinc-air disposable batteries last as little as two days in these new hearing aids, requiring frequent battery purchases and replacements.” ZPower silver-zinc batteries offer numerous advantages over zinc-air disposable batteries in the areas of performance, user convenience and environment. ZPower batteries are also superior to traditional nickel metal-hydride rechargeable batteries because they deliver up to three times the energy – and over 18 hours of continuous use – in both 312 and 13 battery sizes. “Our higher energy content, however, makes them incompatible with many current hearing aids so we are working closely with manufacturers to quickly enable their adoption of our game changing technology.”

ZPower is a leader in the development of rechargeable, silver-zinc batteries for microbattery applications whose headquarters and manufacturing facility is in Camarillo, Calif. The company provides a total solution for hearing instrument manufacturers which includes advanced silver-zinc battery technology and charger design support.