UNITED STATES COUNCIL FOR AUTOMOTIVE RESEARCH LLC

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Press Release: USABC AWARDS $15.6 MILLION IN ADVANCED BATTERY TECHNOLOGY CONTRACTS TO THREE FIRMS

SOUTHFIELD, Mich., March 2, 2011 – The United States Advanced Battery Consortium LLC (USABC), an advanced research collaboration among Chrysler Group LLC, Ford Motor Company and General Motors Company, today announced approximately $15.6 million in advanced battery development and technology assessment contracts to three firms.

The competitively bid contract awards are co-funded by the U.S. Department of Energy (DOE) and include a 50 percent cost-share from each of the contracted companies.

USABC awarded the contracts to develop and assess advanced energy storage technologies for a lower-energy energy storage system (LEESS) for power-assist hybrid-electric vehicles (PAHEV) and high-energy density battery cells and battery packs for electric vehicle (EV) applications.

The companies receiving advanced battery development contracts are:

Cobasys LLC of Orion, Mich., a subsidiary of SB LiMotive, which was awarded a three-year $8.36 million contract for the development of high-energy lithium-ion cells for use in EV applications. The contract will include the design, development, delivery and validation of conforming design-intent cells, and through the design, development, delivery and verification of a 40kWh technology demonstration battery pack.
Maxwell Technologies Inc. of San Diego, Calif., which was awarded $7.01 million for a two-year ultracapacitor program to help develop technology that will double existing capacitor power density from 10 to 20 kilowatts per kilogram (kW/kg) and double existing energy density from 15 to 30 watt-hours per kilogram Wh/kg. The advanced ultracapacitors then will be integrated into modules that will be evaluated against the USABC goals for LEESS applications.

In addition, SK Energy Co. LTD of Seoul, South Korea, was awarded $195,149 for a one-year technology assessment of the performance, cycle life and accelerated calendar life of the company’s EV batteries against USABC goals.

"We are pleased to announce the award of these contracts as part of USABC’s broad battery technology research and development programs," said Steve Zimmer, executive director of USCAR. "These programs are essential to advance the technology needed to meet both near- and long-term goals that will enable a broad spectrum of vehicle electrification."

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC’s mission is to develop electrochemical energy storage technologies that support commercialization of electric, hybrid electric and fuel cell vehicles. As such, USABC has developed mid- and long-term goals to guide its projects and measure their progress.

The U.S. DOE’s overarching mission is to advance the national, economic and energy security of the United States. DOE’s Vehicle Technologies Program works with industry, academia and national laboratories to develop advanced transportation technologies that reduce the nation's use of imported oil and increase its energy security. Electrochemical energy storage has been identified as a critical enabling technology for advanced, fuel-efficient, light and heavy-duty vehicles.

About USCAR

Founded in 1992, USCAR is the collaborative automotive technology organization for Chrysler Group LLC, Ford Motor Company and General Motors Company. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

For more information, visit USCAR’s Web site at www.uscar.org

3/2/11 ###

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