Lithium Technology Corporation to Launch a Lithium-Ion Battery Manufacturing Joint Venture in Germany with EnerSys
28 9월 2011 - 10:00PM
Business Wire
Lithium Technology Corporation
(“LTC”) (ticker symbol:LTHU), a global manufacturer
of large format cylindrical Lithium-Ion cells and a global provider
of power solutions for diverse applications, announced today that
it has entered into a definitive agreement
to launch a joint venture with EnerSys, Inc.
(NYSE:ENS) in Germany to produce large format lithium-ion
based cells.
EnerSys will lead the joint venture in
cooperation with GAIA Akkumulatorenwerke GmbH (“GAIA”), a
unit of LTC. The joint venture will include LTC’s
contribution of certain intellectual property, and its low volume
lithium-ion cell manufacturing capability
located in Nordhausen, Germany. LTC will
continue to have full access to the Nordhausen facility, its
production capability, employees and intellectual property. It
is anticipated that the joint venture will commence operations and
production on October 17, 2011.
LTC, through its GAIA subsidiary, and EnerSys have had
a distribution agreement for the past three years. This joint
venture will expand the relationship between the two companies, and
it validates the quality and applicability of LTC's technology for
many vertical markets. A new company has been formed, EAS Germany
GmbH, which will further the development and production of
lithium-ion based solutions for space, naval, marine, renewable
energy, and specialty high power applications for EnerSys. The
JV will also continue to provide certain products to LTC for its
customers in the transportation sector. LTC, through its ownership
stake in EAS, will benefit from the market success of EnerSys’
global marketing and sales network.
Most LTC customers will continue to deal with LTC as before
and see no change to their existing relationship with the
company; however, they will benefit from the industrial
expertise EnerSys brings to the joint venture. The
joint venture allows LTC to focus its efforts on developing its
capabilities in the passenger and heavy-duty transportation
markets. The intellectual property license to EAS is limited to
products manufactured within the Nordhausen facility.
“This joint venture presents several benefits to EnerSys,”
commented John Craig, chairman, president and chief executive
officer of EnerSys. “It represents our fourth investment in
advanced lithium based batteries to support our global customers
and business. Additionally, we now have three focused plants in
Germany producing advanced lithium, nickel and lead based solutions
to provide our customers the best energy storage solution for their
applications.”
Fred Mulder, Chairman of LTC, explained “Our proven product and
process technologies are widely respected by our customers, and
this joint venture with EnerSys will allow for additional
investment and marketing support for industrial markets worldwide.
Apart from the joint venture with EnerSys, LTC will continue the
development of our solutions for the transportation industry.”
About LTC: LTC is a global manufacturer of large format
cylindrical Lithium-Ion cells and a global provider of power
solutions for diverse applications. LTC is especially well
positioned in the fast growing markets of hybrid electric and
electric vehicles.
For more information, contact Timothy Ryder, Chief Financial
Officer, Lithium Technology Corporation, 10379B Democracy Lane,
Fairfax, VA 22030, USA. Tel: + 571-207-9058; website
http://www.Lithiumtech.com.
About EnerSys: EnerSys, the global leader in stored
energy solutions for industrial applications, manufactures and
distributes reserve power and motive power batteries, chargers,
power equipment, and battery accessories to customers worldwide.
Motive power batteries are utilized in electric forklift trucks and
other commercial electric powered vehicles. Reserve power batteries
are used in the telecommunication and utility industries,
uninterruptible power supplies, and numerous applications requiring
stored energy solutions including aerospace and defense systems.
The company also provides aftermarket and customer support services
to its customers from over 100 countries through its sales and
manufacturing locations around the world.
For more information, contact Richard Zuidema, Executive Vice
President, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA.
Tel: 800-538-3627; Website: http://www.enersys.com.
This press release contains certain “forward-looking statements”
within the meaning of federal securities laws including the use of
the words “expect,” “anticipate,” “estimate,” “project,”
“forecast,” “outlook,” “target,” “objective,” “plan,” “goal,”
“pursue,” “on track,” and similar expressions. Although LTC
believes that the statements were reasonable when made, these
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance, or achievements of the company to be different from
those expressed or implied. LTC assumes no obligation and does not
intend to update these forward-looking statements. Among the
important factors that could cause actual results to differ
materially from those indicated by such forward-looking statements
include, without limitation: competitive and general economic
conditions, adverse effects of litigation, the timely development
and acceptance of LTC’s products and services, significant changes
in the competitive environment, the failure to generate or the loss
of significant numbers of customers, the loss of senior management
or increased government regulations.
Lithium Technology (CE) (USOTC:LTHUQ)
과거 데이터 주식 차트
부터 2월(2) 2025 으로 3월(3) 2025
Lithium Technology (CE) (USOTC:LTHUQ)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025
