Determine if the sentence is true based on the text below:
Before the acquisition of Kokam America, Inc. by Dow Chemical Company, Exergonix was not developing the community-level and grid energy storage.

Exergonix Inc, is an energy storage company based in Kansas City, Missouri. It was founded in 2010, after spinning out of Kokam America, Inc., which was acquired by Dow Chemical Company in 2009. Exergonix develops, manufactures and deploys community-level and grid energy storage to supply peak-shaving, demand-management, and smart grid capabilities to the grid and micro-grid.
Yes