Lithium Technology Corporation (LTC) is engaged in the development and line production of lithium-ion rechargeable batteries to be used as a power source in emerging applications in the national security, transportation and stationary power markets. The Company combined the operations of Lithium Technology Corporation (LTC) with GAIA Akkumulatorenwerke GmbH (GAIA), a private lithium polymer battery company headquartered in Nordhausen, Germany. The LTC-GAIA combination has resulted in a merger of the Company's lithium-ion and lithium polymer technologies, product development, manufacturing processes, know-how, market positioning and sales efforts. Lithium Technology has two operating locations - GAIA USA in Plymouth Meeting, Pennsylvania, and GAIA Europe in Nordhausen, Germany. The Company's products are aimed at the national security systems, transportation and stationary power markets with a particular focus on the United States and European geographic market segments.