Wednesday, April 29, 2009

Superlattice Power Inc. (SLAT.OB) Commits to Partnering with Large Asian Lithium-Ion Battery Manufacturer

Superlattice Power, Inc., an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, proudly announced this morning that it is joining forces with a battery manufacturing giant, in Asia, to expand production within the US.

Superlattice Power and one of the largest battery companies are currently developing long-term strategic plans which include comprehensive training of US-based employees. The execution of these plans will position the company on solid ground to manufacture and supply all lithium-ion batteries for electric and hybrid cars.

The recently signed economic stimulus plans include more than $20 Billion in loans, grants and tax credits to help encourage the development of large-scale domestic production of advanced, lithium-ion batteries for hybrid and electric cars to save the world from pollution and create new ‘green’ jobs.

Superlattice Power stated that it is developing a joint venture with a world renowned company and will leverage a mass production strategy with automated equipment to manufacturer high quality, cost efficient battery products on a large scale. With the demand for rechargeable lithium-ion batteries growing consistently, numerous long-term jobs are certain to be created within the US where training and introduction of new technologies are concerned.

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