Quantum Acquires Stake in New Lithium-Ion Battery Company
03 April 2006
Quantum Fuel Systems Technologies Worldwide has acquired a 19.9% stake in Vancouver, British Columbia-based Advanced Lithium Power Inc. (ALP), a newly-formed company developing lithium-ion and advanced battery control systems.
ALP’s systems control state-of-charge and provide for thermal management—its primary asset at this point is intellectual property.
Working in concert with ALP, Quantum will utilize its skills in packaging, integration, and manufacturing expertise to develop integrated advanced lithium ion battery packs for near-term applications, including hybrid electric vehicles, uninterruptible power supplies, and solar photovoltaic energy systems, as well as emerging fuel cell vehicles.
Quantum will be able to integrate ALP’s lithium ion battery technology with its state-of-the-art hydrogen storage systems to provide complete energy storage solutions for fuel cell vehicles.
This technology supports Quantum’s strategic initiatives in hybrid electric and fuel cell vehicles and complements our growing military applications.We believe that this is an important technology with enormous potential to penetrate into today’ss hybrid electric vehicle market as well as solar photovoltaic energy systems, and uninterruptible power supplies. It also positions Quantum to be a single source for energy storage solutions for hydrogen hybrid and fuel cell vehicles.—Alan P. Niedzwiecki, President and CEO of Quantum
Quantum and its subsidiary, Tecstar Automotive Group, are powertrain engineers, system integrators, and manufacturers of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, and hydrogen refueling. Quantum also designs and manufactures hybrid and fuel cell vehicles.
Quantum has product commercialization alliances with General Motors, AM General, and Sumitomo. Quantum’ss customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, AeroVironment, and the US Army.
The company recently delivered hydrogen-fueled versions of the Prius hybrid to California’s South Coast Air Quality Management District (AQMD) and to select cities in California. (Earlier post.)