EAS Batteries GmbH has been producing large-format lithium-ion cells and lithium-ion batteries at its Nordhausen site for more than 20 years. The EAS technology is characterized by above-average power densities and is mainly used in hybrid electrical applications. The high safety and performance of the EAS systems are particularly sought after in the fields of shipping, construction machinery, rail vehicles and mining vehicles as well as in the aerospace industry. Since 2017, EAS Batteries has been part of the MONBAT Group, the third largest battery manufacturer in the world.
Well Gbat this is the first time I have seen this. I think the judge in closed doors gave Enersys a time period to clean this mess up. So Enersys parked the technology with Monbat and promised the judge the debtors and the stockholders will be remunerated fairly. And using the two year rule on a bankruptcy acquisition (tax law advantage) and swooping up Monbat is very strategic move economically, politically and would give Enersys far reaching markets where they will have more control of the European markets and monetary exchange. Let's see if I am right! If we can get pennies for this we are lucky!
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