watching LITH for end of day> Lithium Technology Corporation Positions Itself Ahead of the Market -- The Battery of the Future
LOS ANGELES--(BUSINESS WIRE)--Feb. 8, 2000--The merger of Lithium Technology Corp. (OTCBB:LITH - news) and Pacific Lithium Limited will make it possible to bring its state of the art lithium polymer battery technology to wireless communications leaders such as Ericsson, Motorola and Nokia.
Mr. Robin Johannik, PLL's managing director confirms: ''The combination of PLL and LTC will serve as a catalyst for a wide range of new initiatives to secure a preeminent position in the global lithium polymer battery markets.''
In addition, Pacific Lithium has access to the world's largest share of raw materials for lithium ion production from its contracts in China.
Lithium Technology's (LITH) batteries are distinctly superior in energy density, self-discharge rate, design flexibility, and manufacturing cost in comparison to all existing and all emerging battery technologies.
''It's a sexy stock,'' as Zach LeBeau, vice president of Goldstar International pictures put it. ''It has applications in all areas of the film industry and I suppose all industries from cell phones, computers, digital recorders, cameras, special effects and so on.''
In addition, the batteries are environmentally friendly, with no toxic metals such as mercury, cadmium or lead. This opens up a whole new opportunity for a self promoting product line through government and environmental agency support groups and newsworthy technological advancements so desperately needed in today's market.
Pacific Lithium, LITH's new partner, even has the proprietary technology to profit once again on the backend by recycling old lithium ion batteries.
LITH surprised the industry by announcing that one of its lithium polymer batteries can run a laptop for more than ten hours.
What is also of exceptional note is that these batteries can be shaped into virtually any form, giving the battery limitless applications for use in wireless communications devices, cellular phones, laptops, automobiles, aquatics and possibly even certain airplane designs where the battery can be formed into the shape of the vehicle itself.
LITH's new lithium polymer technology creates a thinner, flatter and lighter battery with an improved cycle life, lower production costs, a highly efficient composite cathode, an extremely flexible and environmentally friendly design to create an overwhelming combination of technological advances in one battery. LITH's new lithium battery technology certainly seems to be the Battery of the Future.
--------------------------------------------------------------------------------
|
