Lithium Technology Corporation to Develop Highest Power and Highest-Energy Lithium-Ion Battery Solutions
Lithium-ion Technology Advancements Pushes Boundaries and Drives
Energy Solutions for Military and Automotive Industries to Next Level
PLYMOUTH MEETING, Pa., Aug. 15 /PRNewswire-FirstCall/ -- Lithium Technology Corporation (LTC) (OTC: LTHU), a global provider of large, rechargeable lithium-ion power solutions, announced the development of two of the largest, highest capacity lithium-ion battery systems in the world for non-nuclear submarines and electric vehicles.
Military: Largest, Highest Capacity Battery System in the World
In a joint venture with ThyssenKrupp, LTC's subsidiary GAIA Akkumulatorrenwerke (GAIA) is in development of a battery system for the ThyssenKrupp's non-nuclear submarine. This battery system will enable propulsion four times longer and safer than lead-acid powered vessels.
Conventional submarines contain lead acid batteries which emit hydrogen-oxygen gases that can cause explosion during operation. The lithium- ion battery is hermetically sealed, making it safer transport for the passengers aboard. While it will be the largest lithium-ion battery solution in the world, the system utilizes less than one-third of the space the standard lead acid battery consumed, allowing more vessel space for other applications. LTC estimates a delivery date of the first quarter of 2008.
"With the necessity to provide more efficient energy solutions, demand is rapidly increasing and LTC's lithium-ion battery systems are the 'key' ... but this is just the beginning," said Dr. Klaus Brandt, executive vice president of LTC and managing director GAIA. "We will continue our commitment to develop advanced solutions that present an effective means for nurturing the future of the energy industry."
Automotive: Plug-In and Power Up for 60MPGs
Currently LTC offers a battery system that powers an HEV up to 50 MPG, the company is constantly developing new innovations enabling their technology to break into the next frontier.
A leading contender in the hybrid electric vehicle (HEV) race, LTC is working in conjunction with an automotive manufacturer to develop a high-power battery management system designed to run a four-passenger HEV capable of 60 MPG, with a range of 60 MPC in electrical mode with zero emissions. This will be the furthest distance traveled by standard production line vehicle.
"The HEV battery will produce 12 kWh, which is about 100% more than what is on the market today for a comparable size battery," said Brandt.
About Lithium Technology Corporation (LTC):
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 30 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(R) 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.