Breaking News

JPMorgan Said to Mull Raising Some Staff Salaries at Least 20%
Tweet TWEET

OXIS Energy Limited and GP Batteries Collaborate on the Commercial Production of Polymer Lithium Sulfur Battery System

OXIS Energy Limited and GP Batteries Collaborate on the Commercial Production
                   of Polymer Lithium Sulfur Battery System

  PR Newswire

  OXFORD, England, January 30, 2013

OXFORD, England, January 30, 2013 /PRNewswire/ --

OXIS Energy Limited, United Kingdom, and GP Batteries International Limited,
Singapore, today announced a joint manufacturing agreement to accelerate the
commercialization of OXIS' proprietary Lithium Sulfur (Li-S) battery systems
for use in different energy sectors of the world market.

GP Batteries is a major world-class manufacturer of primary and rechargeable
batteries. With its worldwide headquarters in Hong Kong, GP Batteries has a
global sales network for a wide range of batteries. It also has over a dozen
manufacturing plants in China, Taiwan and Malaysia. Revenue for 2012 was in
excess of S$700 million, with a global employment totalling over 8000. OXIS
will benefit from the GP Batteries' worldwide presence in developing sales of
its Lithium Sulfur polymer battery systems into the defence, automotive and
solar panel markets. The manufacturing strength of GP Batteries will provide
a solid basis for the mass production of these Lithium Sulfur cells.

Huw Hampson-Jones, OXIS' Chief Executive Officer, stated "This agreement is a
quantum leap forward in our pursuit to showcase to the world OXIS's
breakthrough technology. With this partnership, OXIS has a world-class
manufacturer for the mass production of polymer Li-S cells and battery
systems. The collaboration will speed up the introduction of this remarkable
technology for use in every imaginable energy sector. The expertise of both
companies will have a significant impact in powering electric vehicles safely
and over much longer distances than that of the current Lithium-Ion battery
technology."

"Lithium Sulfur polymer batteries could well be the long sought after
technology which will correct many of the deficiencies and shortcomings of the
present generation of Lithium-Ion batteries, such as safety", said GP
Batteries Chairman and Chief Executive Andrew Ng. "There is no doubt that
OXIS is in possession of breakthrough technology and will change the
technology landscape. With the experience in transforming ideas to reality,
we look forward to playing a pivotal role in delivering the next generation of
Lithium batteries to the market."  

OXIS and GP Batteries have agreed to establish a joint Project Steering Board
which will review the improvements in the developing technology and which will
be presented to their joint customers.

It is expected that, in the future, GP Batteries will become a leading
supplier of the OXIS Lithium Sulfur polymer battery.

OXIS ENERGY LIMITED

Huw W. Hampson-Jones, Chief Executive Officer, OXIS energy Ltd.

+44(0)1865-407-017 or huw@oxisenergy.com

GP  BATTERIES INTERNATIONAL LIMITED

Charlotte Wong, Senior Manager - Corporate Communications,Gold Peak Group

+852-2485-5328 or charlotte_wong@goldpeak.com
 
Press spacebar to pause and continue. Press esc to stop.