Superlattice Power, Inc. (OTCBB: SLAT), emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, proudly announces joining forces with a battery manufacturing giant, in Asia, to expand production within the US.
Superlattice Power and one of the largest battery companies are developing long-term strategic plans to include comprehensive training of US-based employees positioning the company on solid ground to manufacture and supply all lithium-ion batteries for electric and hybrid cars.
President Obama’s signing of the country’s economic stimulus plans includes more than $20 Billion in loans, grants and tax credits to help stimulate the development of large-scale domestic production of advanced, lithium-ion batteries for hybrid and electric cars to save the world from pollution and through training create jobs.
Superlattice Power is developing a joint venture with a world renowned company and will adopt a mass production strategy with automated equipment to produce high quality, cost efficient battery products on a large scale. With growing demand for rechargeable lithium-ion batteries, massive long-term jobs are certain to be created within the US where training and introduction of new technologies are concerned. As a continual supplier of anode and electrode material to Superlattice Power, a US-based multinational company anode supplier recognized the technology of EV Innovations and will also contribute to increased domestic employment through supply and production.