TEDCO Announces $2 Million Investment in ION Storage Systems

TEDCO, Maryland’s economic engine for technology companies, announced a recent $2 million Venture Funds investment in ION Storage Systems.

“We are building a solid-state battery platform to deliver the performance, safety, and reliability that next-generation technologies demand,” said Jorge Diaz Schneider, CEO of ION Storage Systems. “This investment from TEDCO enables ION to continue our commercialization path, with our recent announcement of cell performance qualification. TEDCO’s on-going support and investment in ION is a testament to the innovative ecosystem that the state of Maryland is building and a commitment to bringing next generation technologies to market.”