CLARE — Advanced Battery Concepts, a Clare-based battery technology company, announced that it has agreed to license its industry changing GreenSeal technology to Exide Industries Limited.Advanced Battery Concepts’ GreenSeal technology drastically simplifies lead battery manufacturing and significantly improves lead battery performance by increasing cycle life, lowering weight, reducing recharge time, improving reliability and is fully recyclable. This improvement is achieved through reduction of lead-metal content by an average of 46 percent and more efficient working of the active materials through innovative patented design.
Exide is a manufacturer of lead batteries used in multiple market segments, including automotive, power and telecom. Exide has a dominant market position in the very important and growing domestic Indian market, and has annual sales of more than $1.3 billion.
“Exide Industries is a very highly regarded and substantial international company,” said Advanced Battery Concepts CEO and founder Ed Shaffer. “Exide Industries becomes our fourth licensee and demonstrates our technology readiness for mass adoption by the lead battery industry. It is an extremely exciting time for Advanced Battery Concepts with growing acceptance of our product and manufacturing technology and improved performance over conventional lead batteries.”
For more information, visit www.advancedbatteryconcepts.com.