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