** LITHIUM TECHNOLOGY CORP. Pflichtinvest **
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boersenjunky
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boersenjunky
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4 April 2006, 1:42pm ET
PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--April 4, 2006--Lithium Technology Corporation ("LTC") (BB:LTHU), a leading manufacturer in the rapidly emerging large format rechargeable Lithium battery market, announced today that it has delivered, through its wholly owned German subsidiary GAIA Akkumulatorenwerke GmbH in Germany, a Li-ion battery for a hybrid vehicle that is being developed by UK based automotive technology specialists Zytek Systems as part of the Energy Saving Trust's Ultra-Low Carbon Car Challenge (ULCCC).
In March 2005, Zytek was awarded grant funding from the Energy Saving Trust for the 2nd phase of their ULCCC project to develop a new high efficiency, dual mode hybrid vehicle. The vehicle is based on the new Smart forfour and will utilize a hybrid power train based on 1500cc, 3-cylinder turbo charged diesel engine coupled to 2 high-efficiency permanent-magnet electric motors.
Zytek has ordered three Li-ion batteries with output of 288 V, a capacity of 7.5 Ah (or about 2.2 kWh of energy) and with a capability to deliver 25 kW of power. These batteries can be charged by either the ICE, by regenerative breaking, or by household mains (plug-in hybrid), and will have a modest all-electric range. The first battery has been installed in the vehicle and road tests will commence shortly. The remaining two batteries will be delivered in April 2006.
LTC, together with Zytek and I+ME, have jointly developed an improved version of the Battery Management System (BMS) to include additional safety features and to control the charging of the battery from the mains. The BMS will also communicate with the vehicles energy management system for better efficiency and control.
Klaus Brandt, Managing Director of GAIA Akkumulatorenwerke, commented: "This project demonstrates an important step forward in the commercialisation of our products and technology in the HEV marketplace. Lithium-ion batteries are becoming the technology of choice for hybrid and electrical vehicles, and we at LTC have the proven capabilities to answer the growing demand."
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Lithium Technology Corporation Launches a New Website
PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--April 6, 2006--
Lithium Technology Corporation ("LTC") (OTC Bulletin Board: LTHU), a leading manufacturer in the rapidly emerging large format rechargeable Lithium battery market, announced today that it has launched a new website: http://www.lithiumtech.com
The new website features extensive background on the company, the Li-ion technology, the markets, and last but not least the standard cells that the company manufactures. All the information is organized in a clear and easy to use form. Prospective customers could get the initial technical information that they need to asses the company's superior technology and the technical capability, and easily contact the company through the internet.
The website also details some of the technical achievements that the company has made during the last year, from which new potential customers can use as case studies for their own customized solutions.
Dr. Andrew J. Manning, President and COO, commented: "The new website reflects the growth of LTC and GAIA over the past year. We have increased cell production ten fold and in response to our customer's needs, we are now providing custom engineered batteries and power solutions. Our cells and batteries are used today in the world's most demanding applications from NASA robots to unmanned underwater vehicles to hybrid electric vehicles / electric vehicles throughout the US and Europe. We have moved from being just a cell manufacturer to integrating battery systems and developing close relationships with our customers. We provide them with the best service and work with them to develop the right solutions to their individual needs."
About Lithium Technology Corporation
Lithium Technology Corporation (and its wholly owned subsidiary GAIA Akkumulatorenwerke, GmbH in Germany) is a manufacturer of large format rechargeable Lithium Ion batteries for military, automotive and industrial applications. LTC customers include top tier contractors to the military and suppliers to industrial concerns requiring advanced, safe, durable, high power rechargeable power supplies for their applications and the development of new technology. LTC is leveraging its expertise in high power and large battery assemblies to commercialize advanced lithium batteries as a new power source in the military and national security systems, transportation and stationary power markets with a particular focus on the U.S. and European geographic market segments where the customers prefer a domestic supplier.
LTC manufactures the GAIA(R) product line of large, high power hermetically sealed rechargeable lithium ion cells and batteries. The Company's product portfolio includes large cells and batteries from 10 times the energy of a standard laptop computer battery to 100,000 times greater. LTC produces high power cells designed for HEVs and military applications that can discharge hundreds of amps in times as short as a few minutes, and high capacity cells for applications such as back-up power and remote standby installations. Cells are manufactured in both cylindrical and flat form and employ proprietary extrusion, design and assembly technology. LTC manufactures a variety of standard cells that are assembled into custom large batteries complete with electronics (battery management systems) and electronics to communicate with other components of the system for performance monitoring.
LTC and LTC's GAIA Akkumulatorenwerke GmbH subsidiary operating in Nordhausen, Germany, have contracted with ThyssenKrupp (the largest builder of non-nuclear submarines) to provide power supplies for underwater propulsion of manned submarines. Other applications include a lighter-than-air communication "stratellites"; unmanned surveillance vehicles (air, land, and underwater based); surface to air missiles with a major US defense contractor; standby power applications; renewable energy generation sources (windmills); and hybrid electric vehicles ("HEV") and electrical vehicles ("EV").
Lithium Technology has two principal centers of operation - in Plymouth Meeting, Pennsylvania and in Nordhausen, Germany. The Plymouth Meeting office is also the corporate headquarters for the Company. Sales into the U.S. and European markets are managed out of each of the offices.
For additional information on the Company's technology and products, please visit http://www.lithiumtech.com
Forward-Looking Statements
The foregoing information contains forward-looking statements, which involve risks and uncertainties relating to such matters as financial performance, technology development, capital raising, business prospects, strategic partnering and similar matters. A variety of factors could cause LTC's actual results and experience to differ materially from anticipated results or other expectations expressed in these forward-looking statements. This notice does not constitute an offer of any securities for sale.
Source: Lithium Technology Corporation
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