Next Generation Battery Technology Makes Hybrid and Electric Vehicles a Reality
14:10 14.05.07
Lithium Technology Corporation offers the Largest Lithium Iron Phosphate Cells in World
PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--The battery power solution for advanced automotives has arrived. Lithium
Technology Corporation ("LTC") (OTC: LTHU) announced today its new
product line of lithium iron phosphate (LiFePO4)
cells, the largest cells of their kind in the world. This is the answer
the automotive industry has been searching for.
The technology we can offer the automotive
industry today is unmatched by any other battery power solution on the
market, commented Dr. Klaus Brandt, executive
vice president of LTC and managing director of LTC subsidiary GAIA
Akkumulatorenwerke (GAIA). Others have been
estimating up to a year to deliver the technology we are proud to make
available today. We have proven the superiority of our technology in the
past, and with the iron phosphate product we have raised the bar even
further.
LTC, a global provider of large lithium-ion rechargeable power solutions
has focused solely on the development and production of large format
lithium-ion batteries for more than twenty years. Unlike others, our
advanced cells use LiFePO4 licensed technology,
developed by Prof. John Goodenough with the University of Texas and
supplied by Phostech; this chemistry coupled with the companys
innovative end-to-end manufacturing processes and proprietary design,
packaging and assembly techniques, allow LTC to provide high performance
cells unmatched by any other product.
Batteries made of LTCs
cells can provide 3000 charging cycles, which would be able to do
150,000 miles to 80% capacity for a 100 km or 60 mile all electric range
plug in hybrid, which no other technology can claim,
said Dr. Andrew Frank, Professor, Mechanical and Aeronautical
Engineering at the University of California, Davis. The
new cells from LTC provide improved safety with the iron phosphate
chemistry while delivering the impeccable performance they are known
for, which is what the auto makers have been in search of; this is a
Company that is seriously committed to making hybrid, plug-in hybrid and
electric vehicles an affordable reality for the consumer.
LTCs large format technology allows for the
development of safer battery systems with a significantly lower number
of cells. The weight of the battery is decreased while performance and
safety monitoring capabilities are increased. The battery management
system (BMS) is more precise monitoring fewer cells, keeping them in
balance for best performance and preventing damage to the battery due to
over voltage, under voltage, over temperature and short circuit.
The Companys new product line offers cells
ranging from 6 Ah to 35 Ah. Further statistics will be discussed at an
expo of LTCs breadth of power solution on
May 23rd in New York City.
About Lithium Technology Corporation: Lithium Technology
Corporation (LTC) is a global provider of large format rechargeable
power solutions for diverse applications, and offers the largest
lithium-ion cells with the highest power of any standard commercial
lithium ion cell produced in the western hemisphere. With more than 20
years of experience, LTC leverages its extensive expertise in high power
and large battery assemblies to commercialize advanced lithium batteries
as a new power source in the military and national security systems,
transportation and stationary power markets.
LTC manufactures the GAIA® product line of
large, high power hermetically sealed rechargeable lithium-ion cells and
batteries. The Company's product portfolio includes large cells and
batteries from 10 times the capacity of a standard laptop computer
battery to 100,000 times greater. LTC manufactures a variety of standard
cells that are assembled into custom large batteries complete with
electronics (battery management systems) and electronics to communicate
with other components of the system for performance monitoring.
LTC headquarters are located in Plymouth Meeting, PA, and R&D in
Nordhausen, Germany. LTC sales for the U.S. and European markets are
managed out of each of the offices. For more information about LTC, its
technology and products, please visit http://www.lithiumtech.com.
Safe Harbor for Forward-looking Statements:
The foregoing information contains forward-looking statements, which
involve risks and uncertainties relating to such matters as financial
performance, technology development, capital raising, business
prospects, strategic partnering and similar matters. A variety of
factors could cause LTC's actual results and experience to differ
materially from anticipated results or other expectations expressed in
these forward-looking statements. This notice does not constitute an
offer of any securities for sale.
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