Lithium Technology Corp to Develop Advanced Lithium Ion Batteries

Lithium Technology Corporation announced today that the U.S. Army TACOM Life Cycle Management Command in Warren, Michigan has recently awarded to T/J Technologies a 30 month, $5.1M Tank-Automotive Research Development Engineering Center (TARDEC) program requirement. Under this award, T/J Technologies will develop and demonstrate large format lithium-ion batteries for future military hybrid vehicles.

The T/J Technologies team consists of LTC, of Plymouth Meeting, Pennsylvania; Saturn Electronics & Engineering, Inc., of Auburn Hills, Michigan; Powdermet, Inc. of Euclid, Ohio, and Science Applications International Corp. (SAIC), of Emeryville, California.

As was stated in the press release made by T/J Technologies, during the development and demonstration project performed under a separate TACOM contract managed by SAIC, test cells built by LTC using the T/J proprietary materials were shown to have superior discharge and charge performance over state-of-the-art hybrid vehicle batteries. Large format lithium-ion batteries may allow military and commercial heavy and medium duty hybrid vehicles to quickly become economically feasible.

Andrew J. Manning, President and COO of LTC, commented: "This milestone demonstrates the continuous growth that LTC has demonstrated in the past few months. Through strategic partnerships, like the one with T/J Technologies, LTC enhances its presence as a dominant player in the large format lithium-ion batteries."

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