William Chu Resigns from LTC Board of Directors

January 06, 1999 by Jeff Shepard

Lithium Technology Corp. (LTC, Plymouth Meeting, PA) announced that William Chu, chairman and CEO of Elite Material Co. Ltd. (EMC, Taiwan) has resigned from the LTC board of directors to focus on the establishment of a factory in Taiwan for the manufacture of lithium-ion polymer batteries using the technologies and manufacturing experience of both EMC and LTC. He has been replaced by John McFeeley of Polaroid Corp. Barry Huret was also elected to the board to fill an existing vacancy.The LTC board, has elected to limit its initial investment in the Taiwan joint venture to licensing its patented technology and the provision of engineering and design support.