Lithium Technology Corp. Names Dr. Klaus Brandt as New CEO

May 30, 2007 by Jeff Shepard

Battery industry expert Dr. Klaus Brandt has been appointed to head Lithium Technology Corp. (LTC) effective May 18, 2007. The company announced that the board of directors has unanimously voted for Brandt to take the lead role as the Chief Executive Officer.

"We are extremely excited about the appointment of Klaus as the CEO of LTC, and the board believes that he is the right person to drive the company forward," commented Arif Maskatia, LTC board Director. "For the past two years Klaus has been an integral part of the management team, and we are confident that he will successfully lead the company through the rapid growth, challenges and opportunities ahead."

Previously, Brandt served as the executive Vice President of LTC and Managing Director of LTC’s subsidiary GAIA Akkumulatorewerke. With over 25 years of experience in management, R&D and manufacturing of advanced batteries, Brandt will use his extensive market knowledge and expertise in lithium ion batteries to lead the company.

"I am honored that the board of directors has the confidence in me to lead LTC through what is the most exciting time for the company," commented Brandt. "I believe in the prospects of the company, and I look forward to working together with the board and management to ensure a successful future and to maximize value for our shareholders."

Prior to joining LTC in 2005, Brandt held senior positions with leading energy companies including management positions at Duracell (US), VARTA (Germany) and co-founded and headed Moli Energy (Canada). He also served as the managing director and as a member of the Executive Board (Vorstand) for a German based company Ionity AG.

Brandt holds a Doctorate of Natural Science from the Technical University of Munich and a Masters degree in physics from the University of Goettingen.