Engine Design Timeline

2004	Founded by NAE Member Dr. James U. Lemke with investment from John Walton, son of Sam Walton, founder of Wal-Mart. Named after Achates, Aeneas's faithful friend in Virgil's Latin epic poem "Aeneid" (1st century BC).
2005	Engine testing began in company's in-house test cell
2007	Series A Venture Capital round led by Sequoia Capital with investments from Madrone Capital Partners, Rockport Capital Partners, and InterWest Partners Received DARPA contract to design light-weight, compact UAV engine
2008	David Johnson, President & CEO, hired 500 hours of testing completed on engine in company test cell
2009	Second company test cell commissioned Real-time oil control measuring system installed Winner, Global Cleantech and Going Green Top 100 Lists Finalist in DOE ARPA-E competition Business Week names Achates Power, Inc. one of "25 companies to watch in Energy Tech" Series B Venture Capital round with introduction of new investor, Triangle Peak Partners
2010	Proprietary combustion system yields superior efficiency and emissions results compared to today's state-of-the-art Diesel engines Engine passes NATO 50 hour cyclic durability test Over 1,000 hours of testing completed in company's test facility Additional test stand added to company's test facility Winner, GoingGreen Top 100 List
2011	Surpassed more than 2,500 hours of testing in company's test facility Demonstrated more than a 20 percent fuel efficiency improvement compared to today's best diesel engines and an approximately 55 percent improvement compared to today's standard gasoline engine Proven the engine is clean, with engine-out emissions that are compatible with current and future standards Shown an overall reduction in engine cost, weight and complexity Winner, GoingGreen Top 200 List
2012	First firing of the company's A48 opposed-piston, double crank, spur gear train engine Company surpasses 3,600 hours of total test time Named Red Herring 100 Americas finalist Company founder, Dr. James Lemke, receives 100th patent Achates Power and AVL selected to develop Next-Generation Combat Engine
2013	Frost & Sullivan selects Achates Power for 2013 North American New Product Innovation Award in the medium- and heavy-duty commercial vehicle engine market Exceeded 4,000 hours of total test time