Under proposed agreement EnerSys will become the exclusive distributor of Lithium Technology's product line of large format lithium ion batteries and cells to the defense and aerospace markets globally. In addition, EnerSys will market Lithium Technology products to the reserve power and renewable energy markets on a non-exclusive basis.
'Lithium Technology Corporation with its unique lithium ion is recognized
as a leading technology company and the memo of understanding that we signed
with EnerSys emphasizes this point,' commented Dr.
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This press release (and oral statements made regarding the subjects of
this release) contains forward-looking statements within the meaning of the
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statements identified by words such as 'expects,' 'anticipates,' 'intends,'
'plans,' 'believes,' 'seeks,' 'estimates,' 'will' or words of similar meaning;
and (ii) statements about the benefits of the memorandum of understanding
including any impact on our financial and operating results and estimates, and
any impact on EnerSys' market position that may be realized from this
relationship. These forward-looking statements are based upon management's
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which are beyond our control. The foregoing factors, among others, could cause
actual results to differ materially from those described in the
forward-looking statements. EnerSys may not realize benefits from this
relationship. The statements in this press release are made as of the date of
this press release, even if subsequently made available by EnerSys on its
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forward-looking statement to reflect circumstances or events that occur after
the date such forward-looking statement is made. For a list of other factors
which could affect EnerSys' results, see EnerSys' filings with the Securities
and Exchange Commission, including 'Item 1A. Risk Factors,' set forth in our
EnerSys' Annual Report on Form 10-K for the fiscal year ended
About EnerSys
EnerSys, the world leader in stored energy solutions for industrial applications, manufactures, distributes and services reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Reserve power batteries are used in the telecommunications and utility industries, uninterruptible power suppliers, and numerous applications requiring standby power. Motive power batteries are utilized in electric forklift trucks and other commercial electric powered vehicles. 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.
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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(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
SOURCE EnerSys