Advanced Battery Concepts in Clare, Mich., north of Mount Pleasant, has announced its seventh license agreement. The licensee will have access to Advanced Battery’s full suite of GreenSeal Bipolar Lead Battery technologies. It is the second new licensee in 2019.
The licensee is under a non-disclosure agreement, prohibiting its identification.
The GreenSeal technology is for the industrial market. The company says its batteries are lighter, last longer, and have a higher power than traditional lead batteries. They are also recyclable, production-ready, and charge quickly.
“The acquisition of this seventh licensee is another significant step forward in the execution of Advanced Battery Concepts’ strategy of accelerate, extend, and expand the reach of GreenSeal technology around the globe,” says Edward Shaffer, CEO and founder. “With their commitment to GreenSeal technology, our new partner will be able to build on its strong position as a leading manufacturer and global supplier of lead batteries.
“When it comes to energy storage, GreenSeal technology makes it possible to achieve both environmental sustainability and improved performance, something that has eluded battery makers for years. GreenSeal technology accomplishes both. This collaboration and license agreement is added proof that GreenSeal technology is ready for mass adoption.”
Existing licensees include Crown Battery, Clarios, Enersys, Exide Industries, Trojan Battery Co., and Monbat.
Advanced Battery Concepts is a global battery technology development company and the first company to successfully design a bipolar lead acid battery and develop and implement a commercially viable manufacturing process for such batteries. The company works with lead battery producers, creates batteries, and researches to broaden its portfolio.