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Boston-Power(R) Selects GP Batteries to Expand Manufacturing of Next-Generation Sonata Notebook Computer Battery
Award-Winning Lithium-Ion Battery Innovator Teams With World's Top Ten Battery Manufacturer
| Source: Boston-Power, Inc.
WESTBOROUGH, MA and HSINCHU, TAIWAN, REPUBLIC OF CHINA--(Marketwire - January 3, 2008) -
Boston-Power, Inc.®, a rapidly growing provider of first-to-market
portable power solutions, today announced that it will expand mass
production of its Sonata next-generation Lithium-ion battery for notebook
computers through a partnership with GP Batteries.
GP Batteries is the number one battery manufacturer in Asia outside Japan
and the top consumer battery manufacturer in Greater China. It is a member
of Gold Peak, a publicly traded company established in 1964 that has
operations worldwide.
Boston-Power today also announced $45 million in Series C financing --
among the largest recent portable power venture investments. (See press
release: "Boston-Power Fuels Next Stage of Growth with One of the Largest
Portable Power Venture Investments.")
[http://www.marketwire.com/mw/release.do?id=806857] Oak Investment
Partners, a multi-stage venture capital firm with a total of $8.4 billion
in committed capital, led the round and was joined by existing blue-chip
investors Venrock Associates, Granite Global Ventures and Gabriel Venture
Partners.
Sonata will be produced in GP Batteries' state-of-the-art facilities in
Taiwan. There, it will benefit from Six Sigma manufacturing processes and a
unique, real-time quality control feedback and management system that is
proprietary to Boston-Power.
"GP Batteries prides itself on understanding the key trends in the global
battery industry and then making strategic moves to stay at the forefront,"
said GP Batteries Chairman and Chief Executive Andrew Ng. "GP Batteries has
in the past been a conservative player in the laptop computer market,
because of the safety concerns surrounding the Lithium-ion system. With the
design innovation and safeguards that are incorporated in Boston-Power's
Sonata batteries, we are now ready to apply our manufacturing expertise to
re-enter the laptop computer market."
Establishing a new benchmark in safety, cycle life and performance, Sonata
is the only battery architected to last the typical three-year life of a
notebook computer. Its "drop-in" design enables Sonata to be used with
existing notebook computers -- requiring no design changes on the part of
notebook computer original equipment manufacturers (OEMs) such as
Hewlett-Packard.
Sonata features enhancements in both performance and safety; its
proprietary safety features include slower chemical kinetics, novel current
interrupt devices, new thermal fuses, unique pressure relief vents and
safer pack configuration. Sonata also gives notebook computer users the
industry's fastest recharge time -- recharging to 80 percent capacity in
just 30 minutes. This represents approximately half the time or less than
is required by other batteries.
Sonata is the first and only rechargeable Lithium-ion notebook computer
battery to earn the prestigious, internationally respected Nordic Ecolabel
certification. Nordic Ecolabel acknowledges companies such as Boston-Power
that are conscientious regarding the environmental impact of the
production, usage and disposal of their products.
"Boston-Power identified several years ago the fundamental challenges and
opportunities in notebook computer batteries -- and dedicated ourselves to
developing a whole-system, application-specific design approach that would
establish new levels of safety, performance and environmental
sustainability," said Boston-Power Founder and CEO Dr. Christina
Lampe-Onnerud. "We're excited that Sonata is entering the market and we're
pleased that we're expanding mass production with a world-class partner
like GP Batteries."
Boston-Power also works with HYB Battery Co., Ltd., one of the leading
Lithium-ion battery manufacturers in China.
About GP Batteries
GP Batteries International Limited is principally engaged in the
development, manufacture and marketing of batteries and battery-related
products.
As a member of Gold Peak Group in Hong Kong, GP Batteries has rapidly
expanded to become one of the world's major suppliers of primary and
rechargeable batteries. It is the largest consumer battery manufacturer in
China. It supplies an extensive range of battery products to original
equipment manufacturers, leading battery companies as well as consumer
retail markets under its own GP brand name.
GP Batteries' major production facilities are located in Hong Kong, China,
Taiwan, Singapore and Malaysia, supported by marketing and trading offices
in Asia, Europe and North America. It currently employs 11,300 people
worldwide and occupies a total floor area of over 220,000 sqm. For more
information on GP Batteries, please visit www.gpbatteries.com.
About Boston-Power
Boston-Power, Inc.® is an emerging portable power company answering the
call for safer, longer lasting Lithium-ion batteries -- today. Led by
Founder and CEO Dr. Christina Lampe-Onnerud, a recognized authority in the
battery industry, the company is backed by leading venture capital firms
including Oak Investment Partners, Venrock Associates, Granite Global
Ventures and Gabriel Venture Partners. Boston-Power's innovative systems
approach to portable power and application-specific batteries starts with
safety, while achieving next-generation performance gains. Founded in 2005,
the company is headquartered in Westborough, Massachusetts and has Six
Sigma-level manufacturing operations in Greater China. For more
information, please visit www.boston-power.com.
Boston-Power, Inc. is a trademark of Boston-Power, Inc. Other brand names
or product names are trademarks or registered trademarks of their
respective owners.