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Posted: May 18, 2010
EcoloCap Solutions Inc. Takes Important Step Towards Production of Its Nano Lithium X Battery
(Nanowerk News) EcoloCap Solutions Inc. today announced that the Company has retained Enersol Energy System Solutions, a leading battery and energy system consulting firm in the U.S., to finalize its plans to build a production facility in Seoul, Korea and begin manufacturing its proprietary Nano Lithium X Battery.
In conjunction with EcoloCap's personnel in the U.S. and South Korea, Enersol will first conduct a needs analysis for the proposed production facility. Subsequently, Enersol will determine the physical layout, the equipment required, and perform a cost analysis. The Enersol report will serve as a basis for the construction of the facility, the purchasing and layout of the plant and equipment with the goal of maximizing production and quality while controlling cost.
The Nano Lithium X battery's superior energy reserve represents a 50%+ cost advantage in the lithium battery market, and a marked competitive advantage over upper-end lead acid batteries for large storage applications, including the growing solar and wind energy markets.
Batteries for these new applications need to be light-weight, compact and have a wide operating temperature range. Solving the problems of traditional lithium-ion batteries, EcoloCap's Nano Lithium X technology surpasses these requirements with its high-density storage capability and efficient performance in rugged environments.
"Following the independent test results from Exponent that confirmed the superiority of our battery technology, we are now focused on rapidly bringing the Nano Lithium X battery to market. With the help of Enersol's experienced team, we are prudently but expeditiously developing a roadmap to maximize value for our shareholders," said EcoloCap Solutions, Inc. CEO Michael Siegel.
Management is actively exploring strategic partnership opportunities with leading battery manufacturers in the U.S., Europe and Asia. With the lithium-ion battery market expected to reach $16 billion by 2020 in the U.S. alone, EcoloCap's Nano Lithium X batteries are entering the market at a perfect time. Strategic partnerships will help expedite the process of bringing the revolutionary batteries to market and position the Company to rapidly gain market share.