New Battery Licensing Deal Announced
04 January 2018
Advanced Battery Concepts, Clare, Mich., said it has agreed to license its GreenSeal technology to Exide Industries Ltd. Advanced Battery Concepts said its GreenSeal technology is designed to simplify lead battery manufacturing and improves lead battery performance by increasing cycle life, lowering weight, reducing recharge time, improving reliability and is recyclable.
The company said the improvements are achieved through reduction of lead-metal content by an average of 46% and more efficient working of the active materials through a patented design.
Advanced Battery Concepts said Exide Industries is its fourth licensee, joining Johnson Controls Power Solutions, Trojan Battery Company, and another, apparently unnamed, global battery manufacturer. The company said it is currently in licensing discussions with several other global lead battery producers and expects to have further announcements in 2018.
Dr. Ed Shaffer, CEO and founder of Advanced Battery Concepts, said “Exide Industries is a very highly regarded and substantial international company. We are very excited and proud that they have chosen Advanced Battery Concepts’ GreenSeal technology. Exide Industries has a dominant market position in India, a market that is expected to exceed $7B in sales by 2022 and we strongly believe GreenSeal technology will be a major contributor to Exide Industries’ continued success and market dominance there. Exide Industries becomes our fourth licensee and demonstrates our technology readiness for mass adoption by the lead battery industry. It is an extremely exciting time for Advanced Battery Concepts with growing acceptance of our product and manufacturing technology and improved performance over conventional lead batteries.”
G. Chatterjee, MD & CEO of Exide Industries said, “Advanced Battery Concepts’ GreenSeal technology has significant potential to enhance battery performance and reliability in India’s higher temperature environment while offering the benefit of simplifying application installations offering enhanced reliability, performance and cost of ownership for our customers. In addition, GreenSeal technology offers improvements to our manufacturing systems with resultant benefits.”
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
POWER SOURCING GUIDE
The trusted reference and buyer’s guide for 83 years
The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.