Lithium Technology Corporation (LTHUQ)

[guy6]

Panel Members and Report Comment:

Short bios of the members of the ZEV Expert Review Panel are available at
http://www.arb.ca.gov/msprog/zevprog/zevreview/zevreview.htm
More details are available by clicking links at the above site.

The point is that these are experts who know what to look for and what questions to ask.
They are not just compilers of information.
I see the Panel Report as an excellent resource for investors in alternative energy
[at the scale suitable for cars].

I learned a few things about GAIA/LTC by reading what the panel had to say about them.

(1) LTC is largely owned by a Dutch venture capital firm.
[I had no idea.]

(2) LTC/GAIA’s proprietary extrusion process has potential to reduce production cost, simplify scale-up, and reduce environmental impact.
[I had overlooked simplified scale-up as an advantage of LTC’s process.]

(3) A 10-fold scale-up will be implemented at the Nordhausen facility within a year. A production plant representing another 10-fold scale-up could be built on site within less than 2 years if justified by demand.
[I previously did not know the extent of the proposed scale-up.]

Note (I): The site of the scale-up [Nordhausen in the panel report] could now be different [The Netherlands as suggested in the letter from the CEO dated July 30].

Note (II): The report was delivered this summer, so I interpret “within a year” to mean “by sometime next summer”.

Note (III): I interpret the wording to mean that that the second provisional scale-up will equal the first scale-up in capacity, for a net 20-fold scale-up.

- guy6