HPL S.A. is based in Lausanne Switzerland. The primary aim of the company is to develop value added technology for next generation Li-ion batteries. Primary research focus is higher power and improved safety. Specifically the company is working to develop innovative technology in three key areas: novel nanostructured electrode materials, new safer electrolytes, and improved electrode/electrolyte interfaces. HPL was acquired in 2007 by a syndicate of private investors. IP has subsequently been sold to Dow Chemical.