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.
SOURCE Lithium Technology Corporation
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Related links:
http://www.lithiumtech.com
CONTACT:
Ally Curtis, +1-212-529-8474,
allyson.curtis@redconsultancy.com, or Naomi Salad,
+1-212-529-4087, naomi.salad@redconsultancy.com, both of The Red
Consultancy for Lithium Technology Corporation
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