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Fayetteville-based company receives $3.9 million in Recovery Act funds

By: 12 July 2010 One Comment

FAYETTEVILE – A Fayetteville-based company, Arkansas Power Electronics International, is set to receive nearly $4 million in federal funding for an energy-related research project.

According to a press release issued by the U.S. Senate’s press office on behalf of U.S. Senators Blanche Lincoln and Mark Pryor, the money comes from Recovery Act funds and will be used for a research project that aims to make significant advancements in the way the U.S. uses energy.

Arkansas Power Electronics International, Inc. will be developing chargers that deliver high levels of power to batteries for plug-in hybrid electric cars, ensuring that these batteries can be charged more quickly and efficiently. This type of product will become increasingly necessary as electric vehicles become more prevalent.

For more information about APEI, visit the company’s website.

About: Jamie Smith:
Experienced reporter who is now an entrepreneur. Jamie's Notebook offers writing services including press releases, corporate blogging and feature writing.

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