Spear Power Systems Company History
From 2005 to now, discover the history of Spear Power Systems—a battery technology company providing advanced energy storage solutions for maritime, aerospace, and industrial applications across the globe.
2005
Kokam America is Formed
The founders include Jeff Kostos, Dr. Joon Kim, and JJ Hong, the founder of Kokam.
2006
Most Powerful
Kokam America technology declared only battery cell powerful enough to power portable ultrasound.
2007
Li-ion Battery
Kokam America technology declared only Li-ion battery capably of starting helicopter rotor at -20°C.
2007
Kokam Co. LTD
Kokam America signs Technical License Agreement with Kokam Co. Ltd (Korea)
2007
Kokam Awarded Grant
Kokam America awarded grant to develop cell technology and pack solutions for the U.S. Department of Defense.
2008
First Facility
Kokam America opens first lithium polymer cell manufacturing facility in the U.S.
2009
Dow Purchase
Dow Kokam buys the assets of Kokam America.
2012
Commercial Production
Dow Kokam plant starts commercial production.
2013
Spear Power Systems Formed
Spear Power Systems formed by former Kokam America founders Jeff Kostos & Dr. Joon Kim.
2014
Lee's Summit Facility
Spear opens new engineering, cell distribution, battery pack assembly, and solution integration facility in Lee’s Summit, MO USA.
2015
Trident Family
Spear launches Trident family of advanced Li-ion batteries for myriad marine applications.
2018
SBIR Phase I Contract
Spear awarded SBIR Phase I contract to support Army’s need for replacement of legacy systems.
2019
Gee's Bend
Spear delivers battery to Gee’s Bend – First Emissions-Free Ferry in U.S.
2019
Niagra Falls
Spear delivers Trident solution to Niagara Falls – First All-Electric passenger vessel in U.S.
2019
Continue R&D
Spear obtains large investment from global investors to fund continued R&D.
2019
Raytheon
Spear delivers battery to Raytheon for Counter-UAS Laser System.
2020
ABB Technology Ventures
Spear obtains additional funding from ABB Technology Ventures.
2020
The New Face of the Future
Spear undergoes a transformation to encapsulate the bleeding-edge advancements in lithium-ion technology.
2020
NCE Maritime CleanTech
Spear partners with NCE Maritime CleanTech to deliver safe, environmentally-batteries to Norway.