OXIS Energy UK joins Panacis Inc. of Canada to Collaborate on a Revolutionary High Energy Battery System

OXIS Energy UK joins Panacis Inc. of Canada to Collaborate on a Revolutionary
                          High Energy Battery System

  PR Newswire

  OXFORD, England, July 2, 2013

OXFORD, England, July 2, 2013 /PRNewswire/ --

In this collaboration OXIS Energy and Panacis Inc will pool their respective
technologies to make life easier for the armed forces . For this project, they
have earmarked the North American defence market.

 (Logo: http://photos.prnewswire.com/prnh/20130701/625957 )

 (Logo: http://photos.prnewswire.com/prnh/20130612/621367-b )

Since 2002, Panacis has established itself as being an expert in the design
and manufacture of battery systems for the military and for "impossible power"
applications that are unmet by conventional products. This expertise can now
be utilised more extensively by using the new, safe, breakthrough Polymer
Lithium Sulfur technology from OXIS Energy.

According to OXIS Energy CEO, Huw Hampson-Jones, "Panacis has a well
established reputation within the Canadian Government and already supplies
batteries to the US Department of Defence. Both countries are members of NATO
and this collaboration will allow us to exploit our respective skills,
expertise and technology to make life safer, lighter and easier for our armed
forces providing the assurances they need to carry out their respective
duties."

"We are delighted to be working with leading edge, new cell chemistry from
Oxis," stated Janet Mason, Panacis CEO.  "Its ability to safely tolerate
bullet penetration while providing light weight, high density storage makes it
suitable for expeditionary renewable power applications such as solar and wind
generated energy storage at forward operating bases.

OXIS Energy Limited - Next Generation Battery Technology

Since 2004, OXIS Energy has been involved in the design, development and now
the move towards commercial production of Lithium Sulfur batteries. OXIS has
demonstrable empirical data, justifying its claim on the inherent safety of
its battery technology.



http://www.oxisenergy.com

Panacis

Founded in 2002, Panacis designs and manufactures advanced, lithium powerpack
systems for the defense and aerospace markets. We specialize in custom energy
storage systems for mission critical, "Impossible Power" applications that are
unmet by conventional products. Our powerpacks are found in soldier systems,
aviation platforms, unmanned vehicles, medical devices, and off-grid energy
storage where other batteries cannot compete. Our patented, field-proven
innovations in battery management, electronics, software and safety turn
energy storage into a competitive advantage for our customers. 

For more information, please visit http://www.panacis.com/ .

Contact: For more information contact: Huw W. Hampson-Jones, CEO, +44 1865 407
017, huw@oxisenergy.com