Lithium Technology Corporation (LTHUQ)

[hagimallis]

Monbat has acquired 100% of all tangible and intangible assets of both Gaia Akkumulatorenwerke GmbH and EAS Germany GmbH and has merged both entities into the EAS Batteries GmbH Lithium Technology Corp.


(Plymouth Meeting, PA) announced that it has signed a share exchange agreement that will give Lithium Technology a 100-percent interest in GAIA Akkumulatorenwerke GmbH (GAIA, Germany), a privately held lithium-polymer battery company."Lithium Technology Corporation with its unique lithium ion is recognized as a leading technology company and the memo of understanding that we signed with EnerSys emphasizes this point," commented Dr. Klaus Brandt, president and chief technology officer of Lithium Technology Corporation. "We are very pleased to partner with EnerSys, a world leading battery company with a strong global market presence and reputation for product quality and service. We believe that the partnership, which started approximately a year ago, will increase our exposure in the battery market and increase our revenue growth."


And I suppose Klaus Brandt relationship with Monbat is a coincidence..