To: KS who wrote (5901 ) 2/25/1999 9:38:00 AM From: JustMy2Cents Read Replies (1) | Respond to of 6464
BAT Subsidiary, UFBC, Signs Agreement with TBM to Develop Algorithm for SEALER PR Newswire - February 25, 1999 09:30 CHULA VISTA, Calif., Feb. 25 /PRNewswire/ -- BAT International's (OTC Bulletin Board: BAAT) subsidiary, Ultra-Force Battery Co. (UFBC) has reached a development agreement with Total Battery Management (TBM) that has led to the development of an algorithm for use in UFBC's SEALER technology. TBM has completed the algorithm that will now be incorporated into the battery management control chip circuits. UFBC's SEALER technology (patent pending) allows for manufacturing of sealed, maintenance free batteries at a much lower cost while also providing battery thermal management and charge control features. The technology can be used on nickel metal hydride, nickel cadmium, nickel zinc and lead acid batteries. It will lead to a sharp reduction in the cost of deep cycle lead acid, nickel metal hydride and nickel cadmium batteries while improving cycle life and reducing damage from inadequate charging control. SEALER technology allows a battery to be installed permanently with no maintenance. It diminishes heating problems during charge and quick charge. It acts as a mechanism to manage charge and equalization of a string of cells. It also provides diagnostic capabilities to determine the condition of specific cells. The algorithm provided by TBM will allow UFBC to more carefully control the battery management process provided by SEALER. An integrated battery and battery charger unit is being developed to utilize the SEALER technology. SEALER technology will allow UFBC to produce a high amp, high energy density battery with long cycle life at a much lower cost for industrial, telecom and automotive markets. Ultra-Force Battery Co. has formed a joint venture with HBL, Limited in Hyderabad, India to manufacture batteries and power electronics. The Joint Venture is in the final stages of installing equipment for a manufacturing plant to produce high power and high energy density nickel metal hydride and nickel cadmium batteries, SEALER technology, and power electronics. The NiCd and NiMH battery technology originated from the Daimler Benz/Volkswagen research group DAUG and has been licensed to Ultra Force Battery Company for world-wide use in auto, industrial and telecom applications. The plant will be manufacturing battery plates and sealed cells using DAUG technology. It will also be producing SEALER technology using the same production equipment. This will allow UFBC to market a variety of products including sealed cells, sealed batteries and battery chargers. Initial sealed cell production is expected to come out of the Hyderabad, India plant starting in April, 1999. Power electronics production will follow shortly thereafter. This will be followed up with SEALER production in about 6 months. UFBC will be one of the few suppliers of complete power packs that include sealed cells or batteries and a power electronics package. UFBC anticipates strong market interest in battery and power electronics products in a variety of rapidly growing markets. Electric vehicles now entering the market typically utilize nickel metal hydride batteries. UFBC technology is expected to have higher energy density and much longer life at a lower cost. Hybrid electric vehicle markets are searching for a battery that has very long cycle life due to the very large number of charge and discharge cycles. Fuel cells also need a "peaking" battery that can assist in meeting high power requirements for vehicle acceleration. UFBC technology is ideal for this application. Telecom markets are rapidly expanding. Fiber optic networks and cellular systems need new power supply sources to meet demanding requirements. UFBC batteries are ideal for this application because of the long life and ability to operate in extreme temperatures with little loss of capacity. BAT International is organized as a holding company with major ownership position in a set of subsidiary companies now commercializing advanced automotive and energy technology products developed by BAT over the last six years. This includes electric vehicles, super-efficient or high power engines, advanced batteries and power electronics, lubricant additives, and electric power generation, (for information, see www.baat.com). This press release contains forward-looking statements that should not be used to make an investment decision. Please refer to our web site and other sources for more detailed Company information (Investor Relations, (619) 409-8977). SOURCE BAT International /CONTACT: Bill Wason, Investor Relations for BAT International, 619-409-8977/ /Web site: baat.com