Efficient Drivetrains and XALT Energy Announce Supply Agreement

MIDLAND, Mich. and MILPITAS, Calif., Dec. 21, 2015 /PRNewswire/ -- XALT Energy, a leading developer of lithium-ion battery cells, and Efficient Drivetrains, Inc. (EDI), a leader in developing high-efficiency Plug-in Hybrid Electric vehicle solutions, announced today 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.

"We're looking forward to partnering with XALT Energy," said Charlie Travis, Head of Sales and Business Development at Efficient Drivetrains. Adding the XALT energy storage systems to our portfolio of battery suppliers, is extremely valuable, as it expands our battery solution offerings. EDI will work closely with XALT to bring solutions to market that improve overall PHEV efficiency and deliver new feature sets."

"We are pleased that Efficient Drivetrains has chosen XALT Energy as its battery power storage solutions provider," said John Warner, vice president sales and marketing of XALT® Energy. "The integration of XALT's proven Lithium battery technology with EDI's high-efficiency PHEV vehicle solution offers customers a superior zero emissions alternative. The XALT pack offers a combination of light weight, compact size and a customizable deign produced in a world-class manufacturing facility that EDI found very attractive."

XALT has begun shipment of the initial order and is expected to complete shipments under the first phase of the program in the first quarter, 2016.

The XPAND Modular Pack (XMP) and the XPAND Modular Pack Plus (XMP+) that will reach the market in 2016 are XALT Energy's new state of the art Energy Storage Systems (ESS) based on XALT Energy's world class lithium-ion cell designs. 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, as well as grid and stationary applications.

About Efficient Drivetrains, Inc.
Efficient Drivetrains, Inc. (EDI) develops and markets a range of state-of-the-art proprietary drivetrain products and technologies that have direct application in PHEVs, HEVs, and BEVs worldwide. EDI's leading-edge hybrid-electric drivetrain systems and technologies enable zero-emissions driving and provide significant cost and efficiency advantages for parallel and series hybrid drivetrain architectures across nearly all platform classes and configurations. EDI is currently active in automotive projects throughout North America and the APAC region. Visit www.efficientdrivetrains.com for more information.

About XALT Energy
Based in Midland, Michigan, XALT Energy is a leading developer and manufacturer of prismatic, large-format lithium-ion battery cells and associated modules and packs. Originally founded as Dow Kokam in 2009, XALT Energy designs, develops, manufactures and sells advanced battery cells, modules and packs. With its feasible and scalable high-capacity battery cell manufacturing technology, franchise rights, and technology know how, XALT has become an innovative battery manufacturer. XALT is a subsidiary of Townsend Ventures, LLC of the United States. 

SOURCE XALT Energy