ActaCell Awarded $179,000 Technology Assessment Contract By United States Advanced Battery Consortium

Assessment will Focus on High-Power Lithium-Ion Cells for Power-Assist Hybrid-Electric Vehicles

AUSTIN, Texas--()--ActaCell, Inc. announced today it has been awarded a technology assessment contract by the United States Advanced Battery Consortium LLC (USABC), a research collaboration of Chrysler Group LLC, Ford Motor Company and General Motors Company. The research will focus on battery technology development and assessment.

ActaCell was one of seven companies recognized nationwide for its leadership in developing advanced battery technology for the burgeoning hybrid and electric vehicle industry. USABC, in collaboration with the U.S. Department of Energy, funded the competitively bid contract awards.

“The recognition of our work and subsequent awarding of a contract by USABC is a testament to our dedication and a major milestone for us,” said Marc Kohler, director of product management for ActaCell. “We’re very focused on developing a high-power, low cost battery that can be mass produced to serve the growing hybrid electric vehicle markets, and we believe this technology assessment and partnership with key players in the industry moves us much closer to that ultimate goal.”

Recently, ActaCell identified the medium-to-heavy duty hybrid truck market as the initial best fit for its technology based on a set of rigorous tests run in conjunction with AVL Powertrain, an engineering, solution and testing company for the automotive industry. The current contract with USABC is a $179,015, 16-month technology assessment of high-power cells to meet requirements specified by USABC for power-assist hybrid-electric vehicle (PAHEV) applications. The primary purpose will be to assess the performance, cycle life and accelerated calendar life of ActaCell’s HEV batteries.

“We are pleased to announce the award of this contract to ActaCell as part of USABC’s broad battery technology research and development programs,” said Steve Zimmer, executive director of United States Council for Automotive Research LLC, of which USABC is a subsidiary. “This program is essential to advance both near- and long-term goals to enable vehicle electrification.”

ActaCell is commercializing a new lithium-ion battery technology that will deliver superior power and cycle life at a low cost with safety as the number one priority. ActaCell is leveraging the work done by Professor Arumugam Manthiram and his team in the Materials Science Lab at the University of Texas at Austin. Professor Manthiram is a world-renowned scientist with more than 20 years of experience in lithium-ion battery technology. To date, ActaCell has received nearly $7 million in funding.

About USCAR and USABC

Founded in 1992, USCAR is the collaborative automotive technology organization for Chrysler Group LLC, Ford Motor Company and General Motors Company. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

USABC is a subsidiary of USCAR. Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC’s mission is to develop electrochemical energy storage technologies that support commercialization of electric, hybrid and fuel cell vehicles.

For more information, visit USCAR’s Web site at www.uscar.org

About ActaCell, Inc.

ActaCell is an Austin-based technology company developing Li-Ion technologies for motive applications. The initial innovation is focused on HEV/Power applications with subsequent efforts in high capacity materials for battery electric vehicles. The company has a world-class team and facilities in place along with a close relationship with UT Austin’s Materials Sciences and Engineering program.

Contacts

ActaCell, Inc.
Andy Prince, 512-289-4728
andy@ap-comm.com

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Contacts

ActaCell, Inc.
Andy Prince, 512-289-4728
andy@ap-comm.com