Lithium Technology Corporation Powers European Hybrid Electrical Vehicle Project.LONDON -- Lithium Technology Corporation ("LTC LTC abbr. lieutenant colonel ") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : LTHU), a global provider of large lithium-ion rechargeable power solutions, announced that its battery system was integrated into a four-door demonstration hybrid electric vehicle A hybrid electric vehicle (HEV) is a vehicle which combines a conventional propulsion system with an on-board rechargeable energy storage system (RESS) to achieve better fuel economy than a conventional vehicle without being hampered by range from a charging unit like an (HEV HEV abbr. hepatitis E virus HEV hemagglutinating encephalomyelitis virus of pigs. ) launched today in London. The battery system is the result of collaboration with Zytek, one of the world's leading suppliers of expertise in automotive control systems, powertrain management and HEVs. LTC subsidiary GAIA Akkumulatorenwerke (GAIA) developed the battery for the vehicle based on the smart forfour The Smart Forfour is a supermini produced by Smart from 2004 to 2006. Unlike the other models of the marque, the Forfour is a more conventional five-door hatchback with a roomy interior, available as a four or five-seater. (manufactured by DaimlerChrysler), which has an output of 288 V, a capacity of 7.5 Ah (or about 2.2 kWh of energy) and a capability to deliver 25 kW of power. The battery can be charged by either the internal combustion engine Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. (ICE) and by regenerative braking or by household mains (plug-in hybrid). The vehicle has a fuel economy of over 84 mpg and an all-electric range All electric range (AER), is the range of a vehicle using only its electric fuel source or battery pack. In the case of a battery electric vehicle this would also be its total range per charge. of 20 miles which compares very favorably to the range of HEVs currently on the market. "This project demonstrates an important step forward in the commercialization of LTC's products and technology in the HEV marketplace," commented Dr. Klaus Brandt, executive vice president of LTC and managing director of GAIA. "We are commited to continuously advancing automotive battery solutions to foster the evolution of the HEV. Lithium-ion batteries are the technology of choice for hybrid and electrical vehicles offering improved performance and cost advantages over conventional technologies, and LTC has proven capability to meet the advanced automotive needs of today and for the future." Zytek was awarded U1.8 million by the Energy Saving Trust to develop the new HEV. The vehicle utilizes a hybrid power Hybrid Power in this context describes the combination of a power producer and the means to store that power in an energy storage medium. In power engineering, the term 'hybrid' does not mean a "method," such as the popular use of hybrid to mean a vehicle like the Toyota train based on a 1500cc, 3-cylinder turbo charged diesel engine coupled with two high-efficiency permanent-magnet electric motors. This car is part of the "Ultra Low Carbon Car Challenge" project that is supported by the Energy Saving Trust. The vehicle has combined technology developed by LTC, Zytek and I+ME, for an advanced Battery Management System (BMS BMS abbr. Bachelor of Marine Science ). The system is equipped with additional safety features to control the charging of the battery from the mains. The BMS has been designed to communicate with the vehicles' energy management system to ensure enhanced efficiency and control. "The combination of LTC's advanced battery system and Zytek's innovative hybrid drive train, demonstrates a positive step forward in plug in hybrid technology that is simply applied to any OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and platform, as the system is scaleable and transportable," commented Steve Tremble the Zytek's sales and marketing director. About Lithium Technology Corporation: Lithium Technology Corporation (LTC) is a global provider of large format rechargeable power solutions for diverse applications, and offers the largest lithium-ion cells with the highest power of any standard commercial lithium ion cell produced in the western hemisphere. With more than 30 years of experience, LTC leverages its extensive 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. LTC manufactures the GAIA[R] product line of large, high power hermetically her·met·ic also her·met·i·cal adj. 1. Completely sealed, especially against the escape or entry of air. 2. Impervious to outside interference or influence: sealed rechargeable lithium-ion cells and batteries. The Company's product portfolio includes large cells and batteries from 10 times the capacity of a standard laptop computer battery to 100,000 times greater. 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 headquarters are located in Plymouth Meeting, PA and R&D in Nordhausen, Germany. LTC sales for the U.S. and European markets are managed out of each of the offices. For more information about LTC, its technology and products, please visit http://www.lithiumtech.com. About Zytek Systems: Zytek is at the forefront of automotive technology, being active in the fields of electronic control systems, high performance engines, concept electric and hybrid vehicles and electro/mechanical services. Projects range from the development of systems for show cars and engineering prototypes, to design and validation of critical sections of production programs. The Zytek group also has the capability to manufacture control systems and electric drivetrains in low volumes, simplifying customers' development and field trial times with reliable hardware and software. In motorsport, Zytek designs and manufactures engines, engine management systems and chassis, including bespoke be·spoke v. Past tense and a past participle of bespeak. adj. 1. Custom-made. Said especially of clothes. 2. Making or selling custom-made clothes: a bespoke tailor. commissions for individual clients. Substantial design and development capability is supported with resources to manufacture in sufficient volume for a major global race series. Installation and wiring expertise ensures fast, efficient integration with systems from other suppliers. Zytek's race heritage has bred a culture that delivers exceptional results for customers - race and road alike. Further information about Zytek is available at http://www.zytekgroup.co.uk. About the Energy Saving Trust: The Energy Saving Trust was set up by the UK Government after the 1992 Earth Summit in Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r and is one of the UK's leading organizations addressing the damaging affects of climate change. It aims to cut carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. emissions by promoting the sustainable and efficient use of energy. The Energy Saving Trust is a non-profit organization funded by government and the private sector. The Energy Saving Trust's transport unit is working on behalf of governments to improve the quality of our environment. Funded mainly by the Department for Transport, the Scottish Executive and the Welsh Assembly Government The Welsh Assembly Government (WAG) (Welsh: Llywodraeth Cynulliad Cymru, LlCC) was firstly an executive body of the National Assembly for Wales, consisting of the First Minister and his Cabinet from 1999 to 2007. , it works in partnership with the transport industry, corporate fleet sector and the public sector to help make the UK a cleaner and healthier place to live and work. For more information please visit http://www.est.org.uk/fleet. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for 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. |
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