David Corey Joins RFID, Smart Card Battery-Maker Solicore Inc. as CEO

Oct. 21, 2004
Corey has over 20 years of proven experience, both domestically and internationally

Solicore, Inc., a leading provider of ultra-thin, flexible, lithium polymer batteries, recently announced that David Corey has joined the company as its Chief Executive Officer. Corey has over 20 years of proven experience, both domestically and internationally, in growing and leading both private and public technology companies. He has been a senior executive at such companies as AT&T, Westell Technologies, and Southern Bell. Prior to joining Solicore, Mr. Corey most recently held positions as: Founder and President of DaCo Solutions Group, and President and COO of Daleen Technologies.

"Mr. Corey brings a wealth of experience in building companies to Solicore. I believe that his passion for new markets and technologies coupled with his incredible drive to build great teams and companies will make Solicore very successful," says Raj Atluru, Solicore board member and Managing Director of Draper Fisher Jurvetson.

"I am very excited to become part of the Solicore team," stated Corey. "Our flexible lithium polymer batteries now allow a new generation of devices to come to market with on-board battery power. Our Flexion(TM) batteries are extremely well positioned to become the dominant force in portable power solutions in our targeted markets. No other products in the market today can match our performance." Corey went on to state that the specific markets that Solicore was targeting initially were smart cards, RFID devices, and medical products. "The future looks extremely bright for Solicore," said Corey. "We are currently working with over 20 companies around the globe on a wide variety of applications. What these companies all have in common is the need for an ultra-thin portable power solution for their products. Solicore's products fulfill this need better than anyone else's can."

Solicore develops, manufactures, and markets ultra-thin, flexible lithium polymer batteries under its Flexion brand that serve the smart card, RFID and medical device markets. Their patented solid-state electrolyte has helped create the next generation of lithium polymer batteries. Solicore's headquarters, R&D and manufacturing facilities are located in Lakeland, Fla. For more information, visit http://www.flexion.com or http://www.solicore.com.