Great American Energy, Inc. Reports on Latest Lithium-Ion Battery Advances &
Clean Energy Market Applications
DENVER -- June 11, 2013
Great American Energy, Inc. (OTCBB: SRBL) ("Great American Energy" and/or "the
Company") is pleased to report on recent advances made in lithium-ion battery
technologies and the clean energy applications the batteries are being used in
within the automobile, alternative energy generation, and consumer electronics
In the automobile sector, the world's leading manufacturer of automotive
batteries, Johnson Controls, announced on June 6, 2013, that they will supply
lithium-ion batteries as part of a US Department of Energy (DOE)
electrification initiative to power large plug-in hybrid trucks. In total,
around 120 work trucks will be equipped with advanced plug-in hybrid power
systems that rely on Johnson Controls' batteries. The company's lithium-ion
battery technology contributes to reducing fuel consumption, operating costs
and emissions in large fleet vehicles. The power system can enable the large
trucks to obtain fuel economy improvements of up to 50% when compared to
traditional diesel or gas engines. The lithium-ion batteries will be
manufactured at Johnson Controls' advanced manufacturing facility in Holland,
Michigan, which was the first US plant to manufacture lithium-ion cells and
complete hybrid battery systems for autos.
In the alternative power generation sector, German researchers have developed
a new lithium-ion battery with a power density of roughly four times the
normal density of current lithium-ion batteries. Of particular significance,
the new battery has also retained a full 85% of its initial capacity after
10,000 recharge cycles. Rather than being used in personal electronics, the
batteries are designed for use in storing electricity generated by wind and
solar power installations. The German researchers also foresee the batteries
being used in electric car applications. Due to the batteries' long life
characteristics, it is calculated that if an electric vehicle powered by the
new batteries was plugged in every day, the batteries could last for over 25
years while still retaining the vast majority of their original capacity. The
researchers currently foresee the batteries being a few years away from mass
While the new batteries mentioned above are not yet ready for utilization
within the alternative power generation sector, today's lithium-ion batteries
are being relied on to store both wind and solar generated energy. Among the
latest mass energy storage applications is a bank of 1,440 lithium-ion
batteries that is large enough to supply roughly 500 US homes in the case of
an electrical power outage. The bank of smart grid technology lithium-ion
batteries went online on May 31, 2013. The 5-megawatt battery bank is part of
a larger $178 million, government-backed research project in the Pacific
Northwest. The project's goals are increased electricity grid efficiency, and
the integration of renewable, fluctuating energy such as wind and solar.
At the much smaller scale of consumer electronics, on June 6, 2013, Texas
Instruments (TI) introduced its patented MaxLife™ fast-charge technology,
enabling consumers to charge single-cell lithium-ion batteries faster while
experiencing longer battery life. TI's fuel gauge circuits and new chargers
optimize battery performance by using the highest possible charge rates with
minimal battery degradation. The new technology from TI is designed to address
such consumer electronics limitations as mobile phone batteries losing the
capacity to hold their charge for as long after months of daily charging and
discharging. The new technology will also extend the service life of the
battery by up to 30%, and reduce the amount of heat generated during
Great American Energy's CEO, Felipe Pimienta, commented: "The news media is
consistently full of stories such as these where lithium-related technology is
moving forward and supporting clean energy solutions. All these new
developments only lead to more lithium-dependent applications and increased
lithium demand, both internationally and here in America. We look forward to
contributing to the supply of lithium for that growing market."
Learn more about the lithium market, the Company, and its recent news at Great
American Energy’s website: http://www.gamericanenergy.com.
ABOUT GREAT AMERICAN ENERGY, INC.
Great American Energy, Inc. is a publicly traded (OTCBB: SRBL) mineral
exploration and development company focused on supporting America’s growing
clean energy and clean tech industries. Based in Denver, Colorado, Great
American Energy is dedicated to responsibly identifying, acquiring and
developing mineral assets in America and US-friendly countries. The Company’s
portfolio of projects currently targets lithium and rare earth element
production, both of which are essential to America's clean energy and clean
tech industries. For more information on the Company and its activities, visit
Great American Energy’s website at http://www.gamericanenergy.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Great American Energy, Inc.
Felipe Pimienta, CEO
999 18th Street
This press release includes certain statements that are forward-looking in
nature and that involve a number of uncertainties and risks. Such
forward-looking statements are within the meaning of that term in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The forward-looking statements in this press
release are based on Great American Energy, Inc.'s current expectations and
projections regarding future events, which are based on currently available
information. The forward-looking statements in this press release may also
include statements relating to Great American Energy Inc.'s anticipated new
developments, business prospects, financial performance, strategies and
similar matters. Great American Energy, Inc. disclaims any obligation to
update any of its forward-looking statements, except as may be required by
1. Johnson Controls press release, June 6, 2013.
2. Digital Trends website, June 7, 2013.
3. NBC News website, May 31, 2013.
4. Texas Instruments press release, June 6, 2013.
Great American Energy, Inc.
Steve Carr, 1-800-673-5088
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