Tadiran to Supply US$30 Million Li Batteries for Water Meters
Tadiran Batteries Ltd., a wholly-owned subsidiary of Saft Groupe S.A., has been awarded a four year US$30 million Letter of intent for the supply of lithium batteries from a US based company, Neptune Technology Group Inc., one of the world's leading manufacturers of Automatic Meter Reading (AMR) devices for water utilities. The AMR market is growing at 15% - 20% annually.
Tadiran Batteries' PulsesPlus™ battery is a proven system consisting of Tadiran's leading state of the art lithium thionyl chloride batteries combined with a breakthrough technology Hybrid Layer Capacitor (HLC). This newly developed technology is capable of supplying high energy density and high operating voltage under high pulse discharge currents.
The PulsesPlus™ batteries have a very wide operating temperature range of -40°C to +85°C and a very low self discharge rate (less than 0.5% per year).The battery can provide 10 to 20 years of operating life under extreme conditions with maximum safety .
These unique charactaristics make PulsesPlus™ batteries suitable for demanding applications such as water and gas meters, AMR, toll tags, medical equipment, emergency locating and tracking systems as well as military applications.
Igal Carmi, CEO of Tadiran Batteries, said that the order received is in addition to Neptune's previous PulsesPlus order of $5 million that further establishes Tadiran Batteries as a world leader in supplying lithium batteries for the AMR industry. Carmi added that Tadiran's lithium batteries have great business potential in the global AMR market that is valued in the hundreds of millions of dollars.