Crown Acquires Licensing Rights to Advanced Battery Concepts Bipolar Lead Battery Technology
CLARE, Mich., Jan. 23, 2019 /PRNewswire/ -- Advanced Battery Concepts is pleased to announce that Crown Battery Manufacturing Company, a lead battery manufacturer based in Fremont, Ohio, has acquired licensing rights to its full suite of GreenSeal® Bipolar Lead battery technologies. This is the sixth license agreement for ABC and the second in the last month.
With corporate and manufacturing operations located in Fremont, Ohio, Crown Battery produces an array of Industrial and SLI lead battery products, including a line of advanced AGM batteries. Crown Battery employs over 600 employees at its 12 sales and distribution offices throughout North America and serves a global network of original equipment manufacturers, agents, distributors and dealers.
Dr. Ed Shaffer, CEO and Founder of Advanced Battery Concepts commented "Hal Hawk, CEO of Crown Battery, has been a great supporter of ABC and Bipolar technology throughout the years, but now he is strengthening that support by having his company become a licensee and ambassador of GreenSeal® bipolar technology. Crown Battery's participation in all major battery markets will provide a great boost to this technology and allow them to capitalize in new market segments. We are thrilled to have Crown Battery as a partner.
Mr. Hawk, CEO of Crown Battery stated, "We are excited to increase our level of involvement with Advanced Battery Concepts and to expand Crown Battery's investment in advanced lead battery manufacturing. Crown Battery has worked closely with ABC's development team for a number of years now – and the licensing rights will allow us to decide how best to use it in our market space. We believe that bi-polar lead battery technology delivers significant competitive advantages over competing battery chemistries and see many potential uses for GreenSeal® technology.
With more efficient manufacturing, lower production costs and dramatically better performance than any existing lead battery technology, Advanced Battery Concepts' GreenSeal® is changing the lead battery paradigm.
Crown Battery is the latest company to acquire licensing rights to GreenSeal® technology and joins Advanced Battery Concepts five existing licensees, Johnson Controls Power Solutions, Enersys, Exide Industries, Trojan Battery Company and Monbat.
Advanced Battery Concepts is currently in licensing discussions with several other global lead battery producers and expects to have further announcements in 2019.
About Advanced Battery Concepts, LLC
Advanced Battery Concepts LLC is a global battery technology development company based in Michigan, USA, and is the first company to successfully design a bipolar lead battery and develop and implement a commercially viable manufacturing process for such batteries. Advanced Battery Concepts is currently working with existing lead battery producers and engaging licensees to realize the commercial potential of its technology, as well as on-going production of batteries and additional research from its Battery Research & Engineering Development Centre in Michigan to broaden its technology portfolio.
SOURCE Advanced Battery Concepts
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http://www.advancedbatteryconcepts.com
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