March 25, 2017 5:57 PM ET

Electrical Equipment

Company Overview of XALT Energy, LLC

Company Overview

XALT Energy, LLC is engaged in the research and development, manufacture, and supply of energy storage solutions for commercial transportation, stationary storage and industrial, and defense applications. It offers lithium-ion cells. XALT Energy, LLC was formerly known as Dow Kokam LLC. and changed its name to XALT Energy, LLC. The company was founded in 2009 and is based in Midland, Michigan. As of November 22, 2013, XALT Energy, LLC operates as a subsidiary of MBP Investors, LLC.

2125 Ridgewood Drive

Midland, MI 48642

United States

Founded in 2009

Phone:

989-698-3300

Fax:

989-835-3701

Key Executives for XALT Energy, LLC

Chief Executive Officer and President
Age: 49
Vice President of Finance and Treasurer
Vice President of Operations
Chairman of Dow Kokam France, Chief Executive Officer of Dow Kokam France and President of Dow Kokam France
Vice President of Business and Geographic Development
Compensation as of Fiscal Year 2016.

XALT Energy, LLC Key Developments

Efficient Drivetrains and XALT Energy Announce Supply Agreement

XALT Energy and Efficient Drivetrains Inc. announced a tentative agreement where XALT will supply EDI with its NMC graphite Lithium-ion battery energy storage packs for use in the company's PHEV PowerDrive and electric power export solutions. Initially, EDI will use the first generation XALT Energy battery system in a first-of-its-type commercial plug-in hybrid electric grid exportable power utility vehicle, built on a Peterbilt truck platform. The agreement is a first phase of a possible multi-year supply agreement that aims at upgrading to the new XALT XPAND pack battery modules when they become available in 2016. The packs will be used for commercial truck fleet replacement orders.

XALT Energy LLC Cut Off 106 Workers

XALT Energy LLC is cutting off around 100 employees, or 1/3rd of its staff. The company declared the removing off 106 employees. The firm said in an announcement it s dealing with agreement waits delays by consumers of its lithium-ion batteries. The layoffs majorly impact hourly workers and certain production-related salaried jobs. Firm authorities said they likewise reduced staff of 35 workers in September 2015. They expect to re-recruit those whose jobs were cut only if business becomes better.

XALT Energy Announces New Product Offerings

XALT Energy, LLC announced that it will launch two new additions to their product portfolio at The Battery Show in Novi, MI, on September 15, 2015. Attendees of the show will have the opportunity to hear about XALT's new XPAND family of battery packs, as well as the addition of high power, long life Lithium Titanate Oxide (LTO) cells to an already robust Nickel Manganese Cobalt (NMC) cell portfolio. The XPAND Modular Pack (XMP) and the XPAND Modular Pack Plus (XMP+) are XALT Energy's Energy Storage Systems (ESS). Powered by XALT Energy's lithium-ion cells, XMP is designed for use in multiple applications including hybrid and electric commercial truck, bus and heavy duty transportation; hybrid and electric marine power and propulsion, and grid and stationary applications. XALT Energy's proprietary 60Ah LTO cells will provide over 15,000 cycles at full depth of discharge, continuous discharge rates of 360A.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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