US firm Advanced Battery Concepts (ABC) has received a funding injection from Hal Hawk, President and Owner of Crown Battery.
While the amount of cash was unspecified, Hawk commented, "Advanced Battery Concepts has demonstrated that it has achieved industry validation for its bipolar lead battery designs and manufacturing processes by succeeding in licensing its technology to two global battery licensees, one of which is JCI (Johnson Controls), the World's largest lead battery producer.
“This is very exciting for the lead battery industry. The performance improvements and reduced environmental impact that Advanced Battery Concepts technology delivers will ensure lead batteries have a sustainable and competitive future. The impact on our industry cannot be underestimated."
He added, “I believe, from what I am seeing, bipolar lead batteries will play a very significant role in our industries future and may prove to be as disruptive as AGM (absorbed glass mat) when it was first introduced."
Dr. Ed Shaffer, CEO and Founder of ABC responded and confirmed, “In addition to Advanced Battery Concepts two existing licensees I can share that we are currently engaged in Due Diligence with a further three potential licensees and we hope to be able to announce details of these licenses in the second quarter of 2017."