Advanced Battery Concepts Enters into License Agreement with the Largest Battery Producer in India

January 3, 2018 | News Brief | Advanced Battery Concepts has agreed to license its GreenSeal technology to Exide Industries Limited. Advanced Battery Concepts’ GreenSeal technology simplifies lead battery manufacturing and improves lead battery performance by increasing cycle life, lowering weight, reducing recharge time, improving reliability, and is fully recyclable. This improvement is achieved through reduction of lead-metal content by an average of 46 percent and more efficient working of the active materials through innovative patented design.

Exide Industries Limited is a manufacturer of lead batteries used in multiple market segments, including automotive, power, and telecom. Exide Industries has a leading market position in the growing domestic Indian market. With annual sales of more than $1.3 billion Exide Industries manufactures possibly the widest range of storage batteries in the world covering the broadest spectrum of applications supplied from its seven battery manufacturing facilities.

GreenSeal technology continues to gain momentum and global acceptance, as Exide Industries Limited becomes Advanced Battery Concepts fourth licensee, joining Johnson Controls Power Solutions, Trojan Battery Company and another global major battery manufacturer.  Advanced Battery Concepts is currently in licensing discussions with several other global lead battery producers and expects to have further announcements in 2018.