LICO and Seiko Instruments Partner

To expand the next generation of lithium-ion battery business LICO Technology Corp. has entered into a collaboration agreement with Seiko Instruments Inc.

LICO Technology will be responsible for the battery material design and manufacturing and Seiko Instruments Inc. will be responsible for development of advanced battery technology, quality control of the production facilities, and marketing. To complete the market analysis and planning both companies, currently have entered the prototype stage, and plan to start mass production in the third quarter of 2013. The target is to become a global leader in the compact lithium-ion battery market in the near term.

Posted in ESS.