Cleanzine-logo-10a.jpgCleanzine: your weekly cleaning and hygiene industry newsletter 22nd June 2017 Issue no. 779

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Collaboration will boost production of EDLC carbon-based aluminum batteries

* zhejang.jpgTantech Holdings, the manufacturer of bamboo-based charcoal products, has announced that it has entered into a strategic cooperation agreement with Zhejiang EGE Battery Manufacturing to jointly develop, market, and sell carbon based aluminum batteries.

The batteries, using Tantech's Electric Double-Layer Capacitor carbon material for the cathode, is expected to offer a safe, easy-charging, long-lasting and eco-friendly alternative to many commercial batteries in wide use today.

Trial production is expected to commence later this month with Tantech initially providing 10,000 units per month of EDLC carbon electrode material and ramping up to 20,000 units per month by the first half of 2016. The batteries can be used in a wide range of applications, such as electric refuse trucks, forklifts, solar/wind power storage systems etc., and is expected to generate more than $10 million in sales for Tantech in 2016.

Mr. Zhengyu Wang, chairman and CEO of Tantech, comments: "We are thrilled to partner with EGE, a major player with over a decade of success in providing battery solutions to a wide range of industries. Since 2011, EDLC carbon has been one of the fastest growing business segments for us with sales exceeding RMB 53 million in 2014.

"The Agreement, which allows for an effective combination of our strength in EDLC carbon electrode material and our recently launched capacitor battery R&D centre led by renowned battery experts, Yuxun Yang, Limin Wang, and Yaoming Wu, with EGE's expertise in battery assembly and global distribution network, provides us with a clear and easy path to quickly expand along the battery value chain and potentially another leg of growth in coming years."

Mr. Jianmin Chen, chairman and CEO of EGE adds: "The joint effort creates a win-win situation for both parties as we share similar visions for the Chinese battery market. We are positioning the battery as an upgrade or replacement for our mainstream lead acid batteries that we currently sell in a wide range of applications globally with Siemens AG, BT Group, and Emerson Electric Company among our major customers. We look forward to a mutually beneficially relationship with Tantech in coming years."

Founded in 2003, EGE holds the ISO 9001:2000 quality management system, CE certificate and the National Transportation Safety detection of chemicals. The company has also applied for UL Certification. It currently employs over 250 workers and has production facilities in Huzhou City, Zhejiang Province and Zaozhuang City, Shandong Province, with combined annual production capacity of over 2,000,000 units of batteries that are sold in China and over 30 other countries including Germany, The Netherlands, UK, France, US, South Africa, Australia and Malaysia.

Established in 2001 and headquartered in Lishui City, Zhejiang Province, China, Tantech Holdings, together with its subsidiaries, produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand. It also offers Charcoal Doctor branded products, such as air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control, wardrobe deodorisers, refrigerator deodorants, charcoal toilet cleaner disks and liquid charcoal cleaners. In addition, the company provides a liquid by-product 'bamboo vinegar' that is used in disinfectants, detergents, lotions, specialist soaps and toilet cleaners.

T: +86-578-261-2869
E: ir@tantech.cn
W: www.tantech.cn

W: www.chinaege.com

13th August 2015




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