OXIS Energy and Multi Source Power (MSP) Technologies Have Formed a new Partnership Enabling the Development of Marine Lithium

   OXIS Energy and Multi Source Power (MSP) Technologies Have Formed a new
   Partnership Enabling the Development of Marine Lithium Sulfur Batteries

PR Newswire

LONDON, August 1, 2014

LONDON, August 1, 2014 /PRNewswire/ --

OXIS and MSP will launch the new battery in the spring of 2015. One of MSP's
specialities is designing and manufacturing battery packs and hybrid power and
propulsion systems for the marine industry. Integrating OXIS's expertise in
the development of the next generation of cell technology allows them to
develop lithium sulfur rechargeable battery systems for the marine market.

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

 (Logo: http://photos.prnewswire.com/prnh/20140801/700314 )

This development will be part of the Ghost Power Brand. It will be a versatile
battery system scalable from 20 kWh to 50 kWh upwards and will provide
multiple configurable voltage outputs that will not only power electric motor
boats, but can also be used to power air conditioning systems, navigation
systems etc. The battery will be designed for Lloyd's Register Group approval
which will give confidence and assurance to customers whilst at the same time,
it will help to lower expensive insurance premiums.

Huw Hampson-Jones, CEO of OXIS said of the new partnership, "I'm delighted to
be able to announce this partnership with MSP. MSP has a strong pedigree in
electric boat building expertise coupled with in-depth battery experience. It
has a quality team working to develop the ideal battery solution for the
electric boat market and we are very happy that its quality and safety focused
team has chosen OXIS's lithium sulfur technology. The inherent safety of
OXIS's cell technology, along with its lightness provides MSP with a strong
competitive advantage for Marine battery systems."

Simon Patterson, CEO MSP agrees. He said, "Lithium Sulfur technology is the
ideal solution for the marine industry, combining safety and lightweight
aspects. The OXIS battery technology provides the highest levels of safety our
customers demand. Developing a battery system with Lloyds' approval will be
extraordinary, demonstrating not only industry confidence in the product, but
also reducing insurance premiums. Furthermore, lithium sulfur cells are
already lighter than the lightest lithium-Ion technology and the overall
weight reduction provides significant improvement to both the capacity
performance and efficiency of the battery technology."

About OXIS Energy Ltd

Since it was founded in 2005, OXIS Energy Ltd. has been at the forefront of
developing Lithium Sulfur battery technology. During the first phase the
company invested heavily in design and development and is now ready to move
into the production of Lithium Sulfur cells for a series of applications. With
19 families of patents, OXIS has been granted 57 patents with another 44
pending.

One of the most important breakthroughs achieved by OXIS relates to safety.
One of the problems with Lithium-Ion is its volatility but OXIS now has
demonstrable empirical data to demonstrate the safety of its battery
technology.

Due to the advanced materials being used, the research being undertaken by
OXIS requires significant supplier support. OXIS has setup relationships with
world leading companies and universities to ensure that new materials and
processes are available during development. OXIS has signed a licence
agreement with GP Batteries, a major world-class manufacturer of primary and
rechargeable batteries and the largest consumer battery manufacturer in China.
Both parties are working together to augment the commercial production of the
OXIS technology for use in commercial applications.

http://www.oxisenergy.com

About Multi Source Power TechnologiesLtd

MSP Technologies was founded in 2013 by Simon Patterson, an experienced hybrid
and electric marine drive train designer.

MSP Technologies Ltd has developed an ultra lightweight 60KW Advanced Hybrid
Power system. It is compact, more efficient and less expensive than any other
hybrid system on the market. Utilising the Oxis cell technology, the total
system weight is below 300kg.

Uniquely digital power electronics can take in energy from up to 8 different
renewable or fossil fuel based power sources at any voltage up to 400V. The
system can distribute the power at any chosen voltage.With efficiencies of
over 97%, the loss of energy is minimal. It also has outstanding reliability.
The system can be connected in parallel and can offer power up to 600 kW -
either powering AC loads or offering combined power and propulsions systems to
a diverse range of vessel.

The company already has commercial and private clients that are specifying it
for their vessels.

http://www.multisourcepower.com

SOURCE OXIS Energy Ltd

Contact: For more information contact: OXIS Energy Ltd Gaenor Howells
+44(0)7734051341 gaenor@gaenorhowells.com Multi Source Power Technologies Ltd:
Simon Patterson, CEO info@multisourcepower.com
 
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