ROSWELL, Ga., April 20, 2016 /PRNewswire/ -- GS Yuasa Lithium Power (GYLP), the US subsidiary of GS Yuasa Corporation (GYC) (Tokyo Stock Exchange: 6674), announced today that they have entered into a Long Term Supply Agreement with The Boeing Company (Boeing) for the supply of GS Yuasa Technology's (GYT) lithium-ion cells for use in satellite applications.
The agreement with Boeing is for the supply of multiple configurations of space qualified lithium-ion cells and runs through 2020, with an option to extend the agreement. The lithium-ion cells will be used for batteries to support Boeing's commercial and government programs across multiple satellite platforms and power classes.
"GYLP is pleased to secure this important partnership with Boeing. This Long Term Agreement was awarded based on the industry leading heritage, performance and reliability of our lithium-ion cells for spacecraft as well as GYLP's technical expertise, customer focus and demonstrated ability to consistently meet and exceed customer expectations," said Curtis Aldrich, GYLP's Director of Business Development. "The simplicity and scalability of our large format cells represent a compelling value that can be realized across satellite platforms, mission and power class families, and this agreement will maximize procurement process efficiency."
GS Yuasa group companies have been in the battery business for more than a century with lithium-ion cell experience dating back to the late-1980s. GYT has manufactured lithium-ion cells for use on spacecraft since 1998. GYT's lithium-ion cells are currently in use on more than 120 satellites with over 2.3MWh of lithium-ion energy storage on orbit.
About GS Yuasa Corporation
GS Yuasa Corporation was established in 2004 by the merger of Japan Storage Battery Co., Ltd and YUASA Battery. GS Yuasa develops and manufactures batteries and power supply systems for a wide range of special applications. The company's high-performance, high-quality batteries are installed in sea, land, and aerospace environments, from depths of 6,500 meters below the ocean surface to 36,000 kilometers in space.
About GS Yuasa Technology, LTD (GYT)
GS Yuasa Technology is a subsidiary of GS Yuasa Corporation located in Kyoto, Japan. GYT designs and manufacturers large format lithium-ion cells for aerospace and specialty applications.
1-37 Osadano-cho Fukuchiyama-shi
Kyoto pref. 620-0853, Japan
About GS Yuasa Lithium Power
GS Yuasa Lithium Power, Inc. is the United States subsidiary of GS Yuasa focused on large format lithium ion battery system manufacturing for US customers. Primary products are lithium-ion battery systems for aerospace, defense, commercial, and industrial applications.
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SOURCE GS Yuasa Lithium Power, Inc.