A startup from the Technology Advancement Program at the University of Maryland has apparently advanced to the top of the class.
FlexEl, a company that markets ultra-slim batteries, is moving into a 10k SF facility in College Park. The space is on Paint Branch Parkway, and will be leased from the University of Maryland, The Diamondback reports.
The startup was created in 2008 and designs batteries for medical use. The batteries can be used for flexible bandages that deliver pharmaceutical drugs to the body or cause neural stimulation, among other uses. FlexEl was awarded the Maryland Incubator of the Year Award in 2010.
FlexEl has outgrown its space and needs more room for its equipment requirements. The company had originally planned to move out of state, but state, county and university officials stepped up to find accommodations suitable for FlexEl’s operations. FlexEl has 10 full-time employees, and plans to add another 50 jobs over the next five years.
The DC startup scene was on full display at the recent South by Southwest festival in Austin, TX. While FlexEl is the latest to spread its wings and expand to a much larger space, it surely won’t be the last. [DBK]
