Xitore is another stealth company with a vaporware wonder product, allegedly outperforming current technologies in the storage field, by an order of magnitude. Needless to say, they are currently looking for some serious funding. Any takers?
Perhaps just a coincidence, but it looks like another bunch of friends with a Middle East connection: Roohparvar, Alemzadeh, Hashemi, Amidi, Vakilian, etc...