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Technology Stocks : Lithium Technology - LITH -- Ignore unavailable to you. Want to Upgrade?

To: J. M. Burr who wrote (69)	3/27/1998 11:52:00 PM
From: Gordon Quickstad	Read Replies (1) \| Respond to of 215

I don't have a lot of information of Lithium Technology but here is a little: ********** Shareholder relations: 610-940-6090, Ext. 109 ******** Mar 23 1998 Lithium Technology Corporation And Centurion International Sign Agreement To Design And Manufacture Battery Packs Using LTC's Lithium-Ion Polymer Technology ******** Jan 12 1998 Lithium Technology Corporation Signs Letter of Intent to Supply Lithium-Ion Polymer Batteries to Global PC Manufacturer ******** PLYMOUTH MEETING, Pa., Sept. 23 /PRNewswire/ -- Lithium Technology Corporation (the "Company") (OTC Bulletin Board: LITH) today announced that its private placement of senior secured convertible notes arranged by Interlink Management Corporation ("Interlink") was more than fully subscribed at $5.5 million, including a complete conversion of the August 1997 $500,000 bridge financing. The closing of this transaction on September 22 completes the Phase I funding of the technology commercialization alliance initiative as announced previously on June 13 and August 19, 1997. The Phase I proceeds will provide sufficient operating cash flow until the next stage of financing through strategic partners and a secondary public offering. Phase II contemplates an additional investment in the Company of up to $10 million by a strategic manufacturing partner within the next six months under terms and conditions to be negotiated by the parties. ******** 6/13/97 New financing ******** Lithium Technology, Plymouth Meeting, Pa., announced last month (May 1997) that it has begun shipping Li-ion polymer cell samples made on its prototype production equipment for select OEMs. Initial commercial production is planned for the second quarter of 1998. Lithium Technology said that the samples have an energy density similar to that of liquid-electrolyte Li-ion batteries, but offer a weight advantage and increased safety because of the solid-state construction. "The advantage is its thin, flat form factor, and a perception of a higher order of safety in the eyes of OEMs, since there are no free liquids floating around," said David J. Cade, president of Lithium Technology ******** PLYMOUTH MEETING, Pa., May 8, 1997 /PRNewswire/ -- Lithium Technology Corporation (the ''Company'') (OTC Bulletin Board:LITH - news) today announced that it has begun shipping lithium-ion polymer cell samples made on its prototype production equipment to selected Original Equipment Manufacturers (OEMs). The Company's patented and proprietary lithium polymer technology uses fiber webs in its composite cell structures and low cost, high yield web coating and handling processes for manufacturing. In 1996, the Company installed a continuous flow prototype production line, which has been undergoing trial runs and upgrades over the past year in reparation for anticipated commercial manufacturing of its lithium-ion polymer cells which are 18 thousandths of an inch thick. The samples, which are being shipped to some dozen OEMs and potential strategic partners, show energy densities and cycle life comparable to liquid electrolyte lithium-ion systems, but have the advantage of lighter weight, a thin, flat form factor and increased safety because of the solid state composition. The cells also represent an innovation in cost-competitive rechargeable battery technology because of the low cost, high yield manufacturing process traditionally found in thin film industries (textiles, paper, barrier plastics), but heretofore not applied in the battery industry. ******* PLYMOUTH MEETING, Pa., April 28 1997 /PRNewswire/ -- Lithium Technology Corporation (the ''Company'') (OTC Bulletin Board:LITH - news) announced today that it is teamed with Yardney Technical Products on an issued NASA Small Business Innovative Research (SBIR) contract for A High Performance Lithium Battery. The SBIR contract is for development of a novel, lightweight, high-energy density rechargeable lithium battery for satellite applications. The Yardney/Lithium team's proposed cells would permit a significant reduction in spacecraft weight, size and cost. Lithium's role as subcontractor involves its use of lithium polymer electrolyte technology, including fiber web composite battery structures and related web-handling manufacturing processes which it is developing for commercial portable communications and computer applications. ********* Plymouth Meeting, Pennsylvania, April 1, 1997 - Lithium Technology corporation (OTC Bulletin Board: LITH) announced that it has entered into a technology development and commercialization alliance with a Japanese Consortium consisting of Mitsubishi Materials Corporation and Mitsui & Co., Ltd., based on Lithium Technology Corporation's proprietary lithium-polymer rechargeable battery technology. The parties anticipate that this is the first step in a broader strategic alliance for the research and development, production, promotion and distribution of lithium-polymer batteries worldwide. Mitsubishi Trust and Banking Corporation served as the advisor to Lithium Technology on the identification and selection of strategic alliance partners in Japan.