Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gvander who wrote (99)	2/8/1999 9:34:00 AM
From: Quasar	Read Replies (1) \| Respond to of 215

February 08, 1999 09:07 Lithium Technology Corporation Receives NASA Purchase Order For Prototype Cells PLYMOUTH MEETING, Pa., Feb. 8 /PRNewswire/ -- Lithium Technology Corporation ("LTC", "The Company") (OTC Bulletin Board: LITH) announced today that it has received a small purchase order from the NASA Lewis Research Center for twenty large prototype lithium-ion polymer cells. LTC had responded to a December 14, 1998 NASA Lewis solicitation in the federal government's Commerce Business Daily seeking potential sources of lithium-ion polymer batteries for testing against the varied requirements of NASA's aerospace mission. LTC's proposal to NASA Lewis was based on the large (4"x8"x1/4") high capacity/high energy density cells originally developed for notebook computer and portable medical equipment applications requiring a 90 watt hour battery. In commenting on this NASA order, Dr. George R. Ferment, LTC's Executive Vice President of Operations and Chief Technical Officer, said: "We are obviously very pleased that NASA Lewis has decided to test the large 8 Ah cells produced on our pilot line. This serves to further illustrate the growing demand for the ultrathin high capacity rechargeable batteries made possible by lithium-ion polymer technology." LTC also continues to work with Yardney Technical Products of Pawcatuck, Connecticut on the Phase II NASA Small Business Innovative Research contract for development of a new rechargeable lithium battery to power the space suit for astronauts (see LTC press release of June 4, 1998). Lithium Technology Corporation is in the late stages of developing and seeking to commercialize a new generation of solid state rechargeable batteries for portable electronics devices, such as notebook computers, cell phones and medical equipment. The Company's patented and proprietary technology uses high performance fibers in composite battery structures and low cost continuous flow fiber web coating and handling processes for manufacturing. These new batteries represent a significant benefit to the end-user in terms of longer run times and thinner, flatter, lighter-weight form factors. The foregoing information contains forward-looking statements which involve risks and uncertainties relating to such matters as financial performance, technology development, business prospects 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. SOURCE Lithium Technology Corporation /CONTACT: Joseph C. Calio III, Vice President of Sales and Marketing of Lithium Technology, 610-940-6090, Ext. 129, or E-mail, jcalio@lithiumtech.com; or Stanley Wunderlich, Corporate Development Consultant, 800-625-2236, or Fax, 516-625-4523, or E-mail, cfsg@iname.com/ /Web site: lithiumtech.com