The technology was first shown off in 2015, when Israeli start-up StoreDot demonstrated its FlashBattery at the CES tech show in Las Vegas.
Chief executive Doron Myersdorf told the BBC it is now expected to enter production in early 2018.
However, Ben Wood, a technology analyst at CCS Insight, said he had doubts about the claims.
Mr Myersdorf said he could not reveal which manufacturers were signed up to use the technology.
In 2015, he told the BBC his firm's battery contained materials that allowed for "non-traditional" reactions and the unusually fast transfer of ions from an anode to a cathode - the electrical process that charges a battery.
The design involves nanomaterials, which feature extremely small structures, and - unnamed - organic compounds.
Some versions of the battery were thicker than most smartphone batteries at the time, but now Mr Myersdorf has claimed it is ready for the market.
"We will charge a smartphone in five minutes," he said.
He added that the technology was in pilot production at two Asian battery makers and that "mass production" was expected to commence in the first quarter of 2018.