K2 Energy Solutions Inc. Leads the Launch of Revolutionary HT Technology that Extends Battery Life
HENDERSON, Nev., July 10, 2012 /PRNewswire/ — K2 Energy Solutions Inc., a leading developer and manufacturer of proprietary, lithium iron phosphate based energy and power batteries and battery systems, commercially launched its Revolutionary HT Technology in its energy optimized cells in the first quarter of 2012. This revolutionary technology significantly extends the effective operating temperature range of its batteries, consequently extending the overall life of the batteries utilizing it. The company expects to fully implement the technology in its power optimized cells by the third quarter of 2012.
HT technology solves one of the primary challenges in the commercialization of rechargeable lithium ion batteries, the rapid degradation of battery capacity at elevated temperatures. The operating life of a battery, with HT technology, improves by as much as six times when compared to conventional lithium ion technology measured at 60 degrees C (140 degrees F). High temperature performance has limited the use of lithium ion batteries in some transportation, energy storage and military applications where battery systems must frequently operate in extreme environments. K2 Energy Solutions Inc. believes that its HT technology will greatly accelerate the commercialization of its battery systems.
Dr. James D. Hodge, K2 Energy Solutions Inc.’s Chief Technology Officer says, “The introduction of our new HT products is a major step forward in lithium-ion battery technology.” He goes on, “The development of this technology is part of our company’s process of continual improvement of our batteries and systems to meet the rapidly evolving needs of our customers. As the first company to launch this HT technology, the introduction of it contributes to K2 Energy Solution Inc.’s position as an industry leader in providing robust, cost-effective lithium iron phosphate energy storage solutions.”
K2 Energy Solutions Inc.
K2 Energy Solutions Inc., is a leading developer and manufacturer of advanced lithium ion batteries, cells, packs, modules and systems for a broad range of mobile and fixed energy storage applications. Our customers include electric vehicle makers, utility companies, medical equipment makers, industrial equipment manufacturers and government agencies, among others opting for the safe, clean, cost effective and reliable alternatives to current battery technologies. K2 Energy Solutions Inc. is a privately funded corporation formed and headquartered in Henderson Nev., with manufacturing and assembly capabilities in the US, Europe and Asia. For more information please visit www.k2energysolutions.com
Forward-looking statements in this news release are made pursuant to applicable “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable securities laws. When used herein, words such as “expect,” “anticipate,” “estimate,” “may,” “will,” “should,” “intend,” “believe,” “plan” and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by K2 Energy Solutions Inc. in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that K2 Energy Solutions Inc. believes are appropriate in the circumstances.
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SOURCE K2 Energy Solutions Inc.