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Government’s recommitment to electric vehicles will drive technology - Axeon

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Client: Axeon
Date: 28th Jul 10

AXEON

Delivering clean mobile power for electric vehicles, cordless power tools and mobile power applications

As Europe’s largest independent supplier of lithium-ion battery systems, Scottish-based Axeon today welcomed news that the new UK Government is to maintain subsidies for electric and plug-in electric cars as well as for other low carbon vehicles.  It said that the recommitment will push new technology into reality more quickly.

“We are excited about the potential for the new clean energy but, as with all new technologies, early adopters will require assistance to make their purchasing decisions and the news that the coalition has maintained the grant in the face of its pressing task to reduce the national debt is greatly to be welcomed”, said Lawrence Berns, Axeon’s CEO.

“The grant of £5,000 towards the cost of new low carbon cars will encourage the swifter take up of these green vehicles at a time when other pressures may have diverted attention from the need to move to a low carbon economy”, he said.

Axeon is spearheading pioneering R&D programmes on automotive batteries and aims to significantly improve the commercial viability of electric and plug-in hybrid vehicles by focusing on power density and efficiency of battery packs.  Electric vehicles powered by Axeon have already driven over half a million miles on European and US roads.

For further information please contact:

Martin Hayes/Tom Callow, Communications Advisors:       020 7494 8050

 

About Axeon

Axeon is Europe’s foremost producer of Li-ion battery packs and systems for electric vehicles (EVs) and is currently the UK’s market leader in large commercial vehicle battery technology.  Axeon’s automotive battery and charger systems are designed and manufactured to exacting automotive standards, drawing on many years of battery experience. Currently Axeon’s EV batteries have a range of up to 140 miles from a single charge and with stored capacity ranging from 5 kWh to 180 kWh.

Axeon’s Battery Management System is a market-leading technology for managing lithium-ion batteries, delivering safe, durable performance.

Axeon also designs and manufactures batteries and battery management systems for power tools, enabling new cordless tools that deliver more power with less weight; and mobile power, delivering energy for innovative new products.    

Axeon is fully owned by AG Holding Ltd, which is backed by funds managed by Ironshield Capital Management LLP.

For more information, please see www.axeon.com.

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