Advanced Battery Concepts, a battery technology company based in Clare, Michigan, has announced it has agreed to license its GreenSeal technology to Exide Industries Ltd., a storage battery producing and life insurance company based in India.
Advanced Battery Concepts says its GreenSeal technology simplifies lead battery manufacturing and 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, the company explains.
Exide Industries Ltd. is a manufacturer of lead batteries used in multiple market segments, including automotive, power and telecoms. Exide Industries has a dominant market position in the growing Indian market. With annual sales of more than $1.3 billion, Exide Industries manufactures possibly a range of storage batteries supplied from its seven battery manufacturing facilities.
G Chatterjee, CEO and managing director of Exide Industries Ltd., says, “Advanced Battery Concepts’ GreenSeal technology has significant potential to enhance battery performance and reliability in India’s higher temperature environment while offering the benefit of simplifying application installations offering enhanced reliability, performance and cost of ownership for our customers. In addition, GreenSeal technology offers improvements to our manufacturing systems with resultant benefits.”
Exide Industries is the fourth licensee of Advanced’s GreenSeal technology. The other licensees are Johnson Controls Power Solutions, Milwaukee, the world largest manufacturer of lead batteries, and Trojan Battery Co., a Santa Fe Springs, California-based manufacturer of lead deep-cycle batteries.
Advanced Battery Concepts says it is currently in licensing discussions with several other global lead battery producers and expects to have further announcements in 2018.
Ed Shaffer, CEO and founder of Advanced Battery Concepts, says, “Exide Industries is a very highly regarded and substantial international company. We are very excited and proud that they have chosen Advanced Battery Concepts’ GreenSeal technology. Exide Industries has a dominant market position in India, a market that is expected to exceed $7 billion in sales by 2022 and we strongly believe GreenSeal technology will be a major contributor to Exide Industries’ continued success and market dominance there. 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.”
Advanced Battery Concepts LLC is a global battery technology development company and says it is the first company to successfully design a bipolar lead battery with a commercially viable manufacturing process for such batteries. Advanced Battery Concepts is working with existing lead-acid battery producers and engaging licensees to realize the commercial potential of its technology, as well as ongoing production of batteries and additional research from its Battery Research & Engineering Development Centre in Michigan to continue to broaden its technology portfolio.