February 2012 – PPC is Formed

The Verge Fund announced that they have formed Pajarito Powder LLC and provided pre-seed funding to investigate the current technical state of Oxygen Reduction Fuel Cell Catalysts. The company plans to work with multiple research organizations to evaluate and test various catalysts that have been developed over the last ten years. If the catalysts meet the criteria needed for commercialization, Verge has allocated the seed funding needed to take the catalyst to market.