Electro Energy Tapped to Distribute Sanyo Batteries to U.S. Aerospace Industry

May 03, 2006 by Jeff Shepard

Electro Energy Inc. has signed an agreement with Sanyo Energy (USA) Corp. as the exclusive distributor of Sanyo rechargeable Nickel Metal Hydride (NiMH) and Nickel Cadmium (NiCd) batteries to the U.S. aerospace industry.

Sanyo is the world's largest manufacturer of rechargeable batteries. The contract adds Sanyo's aerospace product line to Electro Energy's established program of manufacturing and distributing its own innovative aerospace-grade nickel-cadmium batteries and components for use in U.S. satellites, military aircraft and other specialty applications for the U.S. government.

Under the contract, EEEI is authorized to purchase, distribute, sell, market and promote Sanyo products to customers in the aerospace industry in the United States, Puerto Rico and Guam. EEEI will be responsible for ensuring product compliance with its customers' requirements and shall conduct all product performance and non-standard quality tests as required by its customers.

Martin G. Klein, CEO of Electro Energy, said, "We are extremely pleased that Sanyo Energy has selected Electro Energy as its distributor to the U.S. aerospace industry. We have a unique record of credibility in providing high-performance, low-cost rechargeable batteries for use in the U.S. government's military aircraft and space programs. We are one of only two suppliers of Aircraft Ni-Cd products to the U.S. government. Our Super Ni-Cd battery is the workhorse of the space industry, powering more than 35 successful space missions without a battery or battery-cell failure. We are eager to introduce Sanyo's world-renowned line of rechargeable batteries to our customers and to expand awareness of Electro Energy's leadership to major aerospace customers outside of the U.S. government."

Masami Murata, President of Sanyo Energy (USA) Corp., said, "Electro Energy has an unparalleled reputation for providing high-quality, high-performance rechargeable batteries for aerospace applications in the United States. We believe Electro Energy's technical and scientific reputation in this field will support the smooth and swift entry of Sanyo products to the U.S. aerospace markets. We are very pleased to partner with them in this endeavor."