Advanced Battery Concepts enters into license agreement with Exide Industries Ltd.

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Advanced Battery Concepts, a battery technology company based in Clare, Michigan, has announced it has agreed to license its GreenSeal technology to Exide Industries Ltd., a storage battery producing and life insurance company based in India.

Image courtesy: Chemistry world

Advanced Battery Concepts says its 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, the company explains.

G Chatterjee, CEO and managing director of Exide Industries Ltd., says, “Advanced Battery Concepts’ GreenSeal technology has significant potential to enhance battery performance and reliability in India’s higher temperature environment while offering the benefit of simplifying application installations offering enhanced reliability, performance and cost of ownership for our customers. In addition, GreenSeal technology offers improvements to our manufacturing systems with resultant benefits.”

Exide Industries is the fourth licensee of Advanced’s GreenSeal technology. The other licensees are Johnson Controls Power Solutions, Milwaukee, the world largest manufacturer of lead batteries, and Trojan Battery Co., a Santa Fe Springs, California-based manufacturer of lead deep-cycle batteries.

Advanced Battery Concepts says it is currently in licensing discussions with several other global lead battery producers and expects to have further announcements in 2018.

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