CLARE – Officials with Clare-based Advanced Battery Concepts LLC announced that Fremont, Ohio-based Crown Battery Manufacturing Co. has acquired licensing rights to its full suite of GreenSeal Bipolar Lead battery technologies.
This is the sixth license agreement for ABC and the second in the last month.
Crown Battery produces an array of industrial and Starting Lighting Ignition (SLI) lead battery products, including a line of advanced absorbed glass mat (AGM) batteries. Crown Battery employs more than 600 employees at its 12 sales and distribution offices throughout North America and serves a global network of original equipment manufacturers, agents, distributors and dealers.
Ed Shaffer, CEO and founder of Advanced Battery Concepts, said in a press release: “Hal Hawk, CEO of Crown Battery, has been a great supporter of ABC and Bipolar technology throughout the years, but now he is strengthening that support by having his company become a licensee and ambassador of GreenSeal bipolar technology. Crown Battery’s participation in all major battery markets will provide a great boost to this technology and allow them to capitalize in new market segments.”
Added Hawk: “Crown Battery has worked closely with ABC’s development team for a number of years now – and the licensing rights will allow us to decide how best to use it in our market space. We believe that bi-polar lead battery technology delivers significant competitive advantages over competing battery chemistries and see many potential uses for GreenSeal technology.”
ABC says its GreenSeal lead battery technology offers more efficient manufacturing, lower production costs and dramatically better performance than existing lead battery technologies. Company officials also said ABC is currently in licensing discussions with several other global lead battery producers and expects to have further announcements in 2019.