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With 1MWh Order, Samsung SDI and Xtreme Power Announce Partnership to Develop Innovative Energy Storage Solutions



With 1MWh Order, Samsung SDI and Xtreme Power Announce Partnership to Develop
                     Innovative Energy Storage Solutions

PR Newswire

AUSTIN, Texas and SEOUL, South Korea, Feb. 19, 2013

AUSTIN, Texas and SEOUL, South Korea, Feb. 19, 2013 /PRNewswire/ -- Samsung
SDI, an affiliate of Samsung Group, and Xtreme Power, a privately held Austin,
TX company, today announced that they have been selected by the Center for the
Commercialization of Electric Technologies (CCET) to install a 1MW/1MWh
Lithium Ion based Battery Energy Storage System (BESS) system at the Reese
Technology Center in Lubbock, Texas as part of a Smart Grid Demonstration
Project (SGDP). The $27 million demonstration project jointly funded by CCET
partners and the US Department of Energy as part of the American Recovery and
Reinvestment Act (ARRA) of 2009 managed by CCET. The SGDP is known as
Discovery Across Texas, Technology Solutions for Wind Integration in ERCOT. 
BESS will be owned and operated by South Plains Electric Cooperative (SPEC) as
one of several project technologies to serve the SGDP objectives of wind
integration.

The Samsung SDI and Xtreme Power BESS will be connected to SPEC's distribution
grid at the Reese Technology Center as part of an ongoing wind technology
program managed by GroupNIRE and Texas Tech University.  The BESS will focus
on combing utility scale energy storage with wind generation.  Potential uses
for the BESS include mitigating intermittent fluctuations of a number of
nearby wind turbines, regulating the distribution bus voltage, serving as
spinning reserve, and providing frequency support during the loss of
generation.

The project marks the first order for the newly formed Samsung SDI / Xtreme
Power alliance.  Coupling Samsung SDI's Lithium Manganese Oxide (LMO) battery
with Xtreme Power's Xtreme Active Control Technology™ (XACT™) the two firms
have partnered to create an optimal energy storage solution for renewable
integration and grid support.

Samsung SDI is the world leading supplier of Lithium Ion batteries producing
over 1B cells annually, and total revenue exceeding $5B.  The LMO battery
provides industry leading safety, quality, high energy densities, and cost
competitiveness.  The same battery is being utilized by leading automobile
companies in the USA and Europe in their electric vehicles.  This state of the
art technology together with XACT's millisecond response time will enable
renewable generation to attain higher levels of penetration on the grid, as
well as supply ideal grid support services, such as frequency response,
voltage support and ramp rate control.  Xtreme Power and Samsung SDI will
focus on key markets seeking to realize ambitious renewable goals and promote
a cleaner electric grid.

"Taking part in the CCET project gave us yet another chance to demonstrate our
expertise in matching power storage with renewable power generation, which is
vital for realizing our green energy future. We are honored to work with
Samsung SDI to bring a reliable, efficient, and cost-friendly solution to the
energy storage and power management market," said Alan Gotcher, Chief
Executive Officer of Xtreme Power. "Our XACT control platform, which can be
integrated with the full range of battery technologies, will break new ground
in the industry when paired with Samsung's unique technology."

Xtreme Power's XACT platform is unmatched in its ability to provide high power
output within fifty milliseconds accurately and precisely without infringing
upon safety protocols. This exclusive venture will enable Xtreme Power and
Samsung SDI to offer a versatile product capable of not only enhancing the
value of renewable generation, but also increasing the reliability of the
electric grid.

"We appreciate the opportunity to participate in the CCET BESS project to
demonstrate the value of integrating energy storage with renewables.  Also,
the strong combination of Samsung SDI and Xtreme Power will provide customers
with solutions meeting their unique needs in energy storage backed by
significant experience and capabilities in lithium ion batteries and system
integration," said Y.C. Yoon, EVP and Head of Energy Solutions of Samsung
SDI. 

About Samsung SDI
Samsung SDI Co., Ltd., which is headquartered in South Korea, is an affiliate
of the Samsung Group and is the global leading manufacturer of Lithium Ion
Batteries for Mobile Applications.  Leveraging this position, Samsung SDI is
focused on the next generation of Lithium Ion Battery Technology for electric
vehicles and energy storage. Samsung SDI has been proudly listed by the DJSI
(Dow Jones Sustainability Indexes) for nine consecutive years. For additional
information, visit http://www.samsungsdi.com.

About Xtreme Power
Xtreme Power provides scalable, real-time power management and energy storage
solution that enable a more sustainable, reliable, and cost effective electric
grid. Xtreme Power's systems combine real time controls and intelligent power
conversion systems with efficient energy storage technology engineered
specifically to the needs of its customers. Xtreme Power enables multiple
participants and technologies to simultaneously operate on the electric grid
providing new flexibility that has never been possible before. Xtreme Power is
a US company backed by investors SAIL Capital Partners, Bessemer Venture
Partners, The Dow Chemical Company, Fluor Corp., BP Alternative Energy,
Dominion Resources, POSCO ICT, Skylake & Co. and Spring Ventures, LLC. A 2012
Bloomberg New Energy Pioneer, Xtreme Power earned the 15^th spot on Inc.
Magazine's 500|5000 list of the fast growing private companies in the U.S. in
2012 – the company's second year in a row making the list. For more
information, please visit http://www.xtremepower.com.        

About the Center for the Commercialization of Electric Technologies
Headquartered in downtown Austin, Texas since Sept 2005, the Center for the
Commercialization of Electric Technologies (CCET), a Texas non-profit
corporation, facilitates electric industry, technology company and university
collaboration for the purpose of enhancing the safety, reliability, security,
and efficiency of the Texas electric transmission and distribution system
through research, development and commercialization of emerging technologies.
http://www.electrictechnologycenter.com.

About South Plains Electric Cooperative
South Plains Electric Cooperative, Inc. is a distribution cooperative (Texas
56 Lubbock County) with headquarters in Lubbock, Texas, serving portions of
Crosby, Hale, Hockley, Lubbock and Lynn Counties. Additional offices are
located in Lorenzo and southwest of Lubbock.  South Plains' service area is in
the south-central Panhandle of Texas, and includes about 1,400 square miles at
an elevation of 3,200 feet. The cooperative service area lies within the basin
of the Brazos River, which flows to the southeast portions of the state of
Texas.  http://www.spec.coop.

SOURCE Xtreme Power

Website: http://www.xtremepower.com
Contact: Ben Williams, Samsung SDI, en.williams@samsung.com, 847- 407-2856
(o), 630-297-6220 (m); or Washington Media Group for Xtreme Power, Inc, Mavis
Baah, mbaah@washingtonmedia.com, 202-628-1280 (o), 703-625-3379 (m)
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