University of Maryland spin-out will bring 50 new jobs to Prince George’s County as part of public-private partnership and advancements in Greater College Park

COLLEGE PARK, Md. – FlexEl LLC, a custom battery solutions company, will open a research, development and manufacturing facility in Prince George’s County, Md.  FlexEl was spun out of the University of Maryland based upon a thin film battery technology in 2008. The company, which won the Maryland Incubator Company of the Year award in 2010 and launched as a startup at the University of Maryland, will lease more than 10,000 square-feet from the university. FlexEl currently has 10 full-time employees and plans to add an additional 50 new jobs over the next five years.

“FlexEl is an innovative company with tremendous potential and we are excited to be working with Prince George’s County and the University of Maryland to help FlexEl move to the next level of development,” said Governor Larry Hogan. “It is critical that we support home-grown companies like FlexEl that are working to develop the next generation of technology.” 

“The FlexEl story is a powerful example of how new technology and new jobs come from our labs to energize this region’s economy,” said University of Maryland President Wallace D. Loh.  “We are proud of their innovation and entrepreneurship and happy to help anchor them in Greater College Park.”

Click here to read more.