Lithium Technology Corporation, ("LTC", "the Company") (OTC Bulletin Board: LTHU), a leading participant in the rapidly emerging large-format rechargeable lithium battery market, today announced that it has introduced a 288-volt HEV battery this week at the 2004 Munich Electronics Trade Fair.
LTC's Chief Executive Officer, Mr. Franz Kruger, stated at a press conference in Munich that he expects the battery, developed by LTC's GAIA Europe Unit in Nordhausen, Germany, to replace other energy storage devices in the next generation of hybrid vehicles. Another one of LTC's GAIA brand HEV batteries was used by the Penn State University Future Truck Team in the 2004 Future Truck Competition held at Ford Motor Company's Proving Ground in June 2004 (see LTC press release of July 15, 2004).
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