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2004-11-29 12:54:06
Oak Ridge Micro-Energy Announces Patent Award, Company Updates

Business Editors

OAK RIDGE, Tenn.--(BUSINESS WIRE)--Nov. 29, 2004--
Oak Ridge Micro-Energy Inc. (OTCBB: OKME) today
announced that the company has been awarded a patent from the United
States Patent and Trademark Office, "Thin Film Battery and Electrolyte
Therefor," US 6,818,356 B1, with 22 separate claims. The claims relate
to:

-- Composition for a new thin film lithium electrolyte

-- Method of making the electrolyte

-- A thin film battery utilizing the new electrolyte

Oak Ridge chief technology officer, Dr. John Bates, stated, "In
addition to improving on the properties of the electrolyte, this
patent takes us a step closer to manufacturing batteries outside of
the UT-Battelle license and could significantly decrease or eliminate
royalties based on the older technology. This is an exciting step for
us, as we begin to break new ground in the field of thin film battery
manufacturing, as well as identify new applications for this unique
power source."
When prompted for an update regarding the company's Phase Two
implementation, Bates continued, "Two batch processing tools are
currently being installed. The tools will increase our thin film
deposition area on a single run by about 60 X to over 700 cm2.
Installation is scheduled to be completed by Dec. 15, 2004, and thin
film battery production using the new tool set should begin by January
2005."
Oak Ridge President Mark Meriwether stated, "Our goal is to have a
small turnkey thin film battery foundry operational during 2005. In
addition to increasing our production capacity for low-volume high
margin applications, this facility will serve as a model for volume
manufacturing scale-up by potential manufacturing partners."

About Oak Ridge Micro-Energy Inc.

Oak Ridge Micro-Energy Inc. provides thin film, micro-scale,
solid-state batteries for commercial, consumer, industrial, homeland
security, government, and medical applications. The Oak Ridge
Micro-Energy thin film battery is rechargeable, lithium-based, and the
active battery layers are manufactured to be significantly thinner
than common plastic wrap. The Oak Ridge thin film battery is intended
for high-technology applications such as smart sensors that operate in
harsh environments, security cards, wireless sensors, radio frequency
identification (RFID) tags, semiconductor non-volatile memory chips,
and advanced medical devices. The company maintains offices in Oak
Ridge, Tenn. and Salt Lake City.
Additional information on Oak Ridge Micro-Energy Inc. may be
obtained by visiting the company's Web site at http://www.oakridgemicro.com.

"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995

Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking information is
inherently subject to risks and uncertainties, and actual results
could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to, risk factors
inherent in doing business. Forward-looking statements may be
identified by terms such as "may," "will," "should," "could,"
"expects," "plans," "intends," "anticipates," "believes," "estimates,"
"predicts," "forecasts," "potential," or "continue," or similar terms
or the negative of these terms. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. The company has no obligation to update
these forward-looking statements.

KEYWORD: NORTH AMERICA TENNESSEE UTAH UNITED STATES
INDUSTRY KEYWORD: ENERGY MANUFACTURING
SOURCE: Oak Ridge Micro-Energy Inc.


CONTACT INFORMATION:
Oak Ridge Micro-Energy Inc.
Mark Meriwether, 801-556-9928
mark.m@oakridgemicro.com


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Big bid/ask spread on this one atm! Anyone interpret?
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