Plymouth Meeting, Pennsylvania, United States
Lithium Technology Corporation ("LTC") (OTC: LTHU), and German Parliament officials present and drive at the Frankfurt International Auto Show LTC's fuel efficient demonstration vehicle, which can achieve 125+ miles per gallon (mpg) utilizing LTC's lithium ion iron phosphate battery. An official technology provider for Germany's Green Party during the event, LTC will showcase a Toyota Prius converted to a plug-in hybrid vehicle and retrofitted with the Company's unique patented battery technology at the show beginning Tuesday, September 11, and themed, "See what's driving the future."
Germany's Green Party recognizes LTC's leading innovations in manufacturing quality batteries to promote energy fuel efficiency in the automotive industry. The Company's efforts support the Green Party's promotion of the "Green Car Concept" program at the world's largest auto show. The Green Car Concept calls for the automotive industry to adopt new advanced technologies, like that of LTC, to cut dependence on fossil fuels and ensure a healthy future.
"We're very excited to be a part of the Frankfurt Auto Show to demonstrate LTC's progress that has been achieved and the technology available to make a difference in the automotive industry today," said Dr. Klaus Brandt, chief executive officer of LTC. "Our plug-in hybrid is proof that together with the car companies we can make a significant impact on today's mounting environmental problems, and we will show first-hand that our technology is the solution to enable hybrid electric vehicles and plug-in hybrid vehicles."
The battery for the Prius utilizes LTC's product line of lithium ion iron phosphate (LiFePO(4)) cells, the largest cells of their kind in the world, which are considered to be the technology of choice for car manufacturers. The 7 kWh battery is comprised of 63 iron phosphate cells. This large energy content results in an electric driving range of approximately 30 miles and allows the vehicle to achieve exceptionally low gas consumption in a mixed electric and hybrid mode. LTC's large format technology allows for more reliable battery systems with a significantly lower number of cells. The battery management system (BMS) is more precise by monitoring fewer cells, keeping them in balance for best performance and preventing damage to the battery due to over voltage, under voltage, over temperature and short circuit.
"LTC believes the world has come to the conclusion that a change is needed in the way we operate in our daily lives in order to save our environment, and a major part of this change will require larger and better batteries to power advanced vehicles," commented Brandt.
LTC's plug-in hybrid will be onsite at the Frankfurt International Auto Show September 11 - 23. For more information about LTC's involvement with the Green Party, please visit www.gruene-bundestag.de.
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 20 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 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.
Safe Harbor 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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Source: Business Wire (Business Wire India)