Lithium Technology and Exide Join Forces

December 26, 2005 by Jeff Shepard

Lithium Technology Corp. signed a development and marketing agreement with Exide Technologies for innovative lithium-ion battery systems. It is anticipated that the first lithium-ion system to be developed by the parties will be utilized in network power back-up applications.

The system will be part of a new modular architecture that Exide has developed, and will be built on the cell technology and chemistry that LTC has developed. This system will be used in rack mounted and/or central office applications. It is expected that testing of the new system will commence at the beginning of 2006, with marketing efforts to follow by the summer of 2006.

With this collaboration, Exide and LTC are addressing the growing world need for more cost-effective, efficient and reliable back-up power solutions.

"The approach that Exide has developed takes advantage of LTC's cell technology. Exide's presence and experience in the network power market creates an excellent opportunity for LTC to reach customers who will benefit from advanced lithium ion battery systems," said Dr. Andrew J. Manning, President and Chief Operating Officer of LTC.