BrightVolt Details BIC Expansion

Posted: Updated:
(Image courtesy of BrightVolt) (Image courtesy of BrightVolt)
NEWBERRY -

An ultra-thin film battery company is providing more detail on its growth at the Battery Innovation Center in Greene County. BrightVolt Inc. says it plans to add up to 30 jobs at its Newberry operation by 2020. In August, Inside INdiana Business reported on BrightVolt's partnership with the BIC, becoming the first company to set up dedicated space in the hub near Crane Naval Surface Warfare Center.

By the end of the month, the company says it will be full-operational in the BIC and could triple its presence by late next year. Plans call for the developer of flexible lithium battery cells to create five new Indiana positions by year's end. BrightVolt currently employs 20 and says it has sold more than 15 million batteries since its 2001 founding.

Chief Executive Officer Todd Peters says "we're big fans of Indiana - the state has an appealing business climate, available skilled technical people with manufacturing expertise, a strong work ethic and a fantastic location for us to co-locate at the Battery Innovation Center. We believe we can grow and expand our business operations within the state in a way not available to us in most other locations."

BrightVolt technology is used in medical devices, Internet of Things devices, shipping labels, powered cards and wearable electronics.

The Indiana Economic Development Corp., which has offered the company up to $375,000 in conditional tax credits and training grants related to its expansion plans, says the company is headquartered in state of Washington and has additional research and development operations in Florida. The new positions, adds the IEDC, are expected to pay an average wage 50 percent higher than the state average. You can connect to more about the open positions by clicking here and more about the expansion by clicking here.

  • Perspectives

    • The Evolution of Business: From Bottom Line to Value Creation And Impact

      In today's world, consumers want to know how corporations, as a whole, are taking a stand. In fact, customers are 43 percent more likely to purchase a product from a company they know is committed to social value. It's not just consumers pushing this trend. Financial service industry leaders, like KeyBank's Beth Mooney and BlackRock's Larry Fink, are challenging business owners and the C-Suite to rethink their economic impact, environmental footprint and social conscience.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Indy Firm Taps Appirio Exec as CEO

      An Indianapolis-based design and innovation consulting firm has named a new chief executive officer. Studio Science says Steve Pruden, who most recently served as senior vice president of human resources with Indy tech company Appirio, will lead the company.

    • (Image Courtesy: Lilly Oncology)

      Lilly Closes on Mega Acquisition

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has completed its acquisition of ARMO BioSciences Inc. of California. The deal, which was valued at approximately $1.6 billion when first announced last month, boosts Lilly's immuno-oncology pipeline. Lilly offered $50 per share of ARMO stock for the company. ARMO's portfolio includes...

    • Court Sides With Lilly on Alimta Case

      The latest in a string of patent infringement cases involving Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has ended positively for the pharmaceutical giant. The U.S. District Court for the Southern District of Indiana has ruled in favor of Lilly, preventing a competitor from launching an alternative form of its Alimta vitamin regimen. The court ruled that Lilly's patent for Alimta would be infringed upon if India-based Dr. Reddy's Laboratories had moved forward with...

    • St. Vincent Announces Layoffs

      St. Vincent Health says it has laid off 85 employees throughout the state. In a statement to Inside INdiana Business, St. Vincent cites a rapidly-evolving healthcare environment as a reason for the workforce reduction. 

    • Pam Austin

      PNC Bank Appoints Senior VP

      PNC Bank has appointed Pamela Austin senior vice president and senior banking advisor for wealth management. She has more than 30 years of banking experience, including private banking, financial analysis, marketing, business development sales, wealth transfer and problem resolution for clients and their families. Most recently she served as vice president at 1st Source Bank.