Lithium Technology Corp. touts large new cells for autos

Boasting the largest cells of its kind in the world, pennystock Lithium Technology Corporation ("LTC") (OTC: LTHU) of Pennsylvania today introduced a new product line of lithium iron phosphate (LiFePO₄) cells for hybrid and electric vehicles, sending its shares up 22%.

“The technology we can offer the automotive industry today is unmatched by any other battery power solution on the market,” said Klaus Brandt, executive vice president of LTC and managing director of LTC subsidiary GAIA Akkumulatorenwerke (GAIA).

“Others have been estimating up to a year to deliver the technology we are proud to make available today. We have proven the superiority of our technology in the past, and with the iron phosphate product we have raised the bar even further.”

The cells use technology developed by Prof. John Goodenough at the University of Texas and supplied by Phostech, the company says. LTC then applies new manufacturing processes and proprietary design, packaging and assembly techniques, it says, resulting in the high performance cells on the market today.

“Batteries made of LTC’s cells can provide 3,000 charging cycles, which would be able to do 150,000 miles to 80% capacity for a 100 km or 60 mile all electric range plug in hybrid, which no other technology can claim,” said Dr. Andrew Frank, Professor, Mechanical and Aeronautical Engineering at the University of California, Davis.

“The new cells from LTC provide improved safety with iron phosphate chemistry while delivering [high performance], which is what auto makers have been in search of,” he said.

LTC said its large format technology allows for the development of safer battery systems with a significantly lower number of cells. The weight of the battery is decreased while performance and safety monitoring capabilities are increased.

The company’s new product line offers cells ranging from 6 Ah to 35 Ah. 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.

Lithium Technology Corporation, located in Plymouth Meeting, PA, with R&D in Nordhausen, Germany, says it has been developing Lithium batteries for twenty years.

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