OXIS Energy and GP Batteries International announced a joint manufacturing agreement to accelerate the commercialization of OXIS’ proprietary Lithium Sulfur (Li-S) battery systems for use in different energy sectors of the world market. OXIS will benefit from the GP Batteries’ worldwide presence in developing sales of its Li-S polymer battery systems into the defence, automotive and solar panel markets. The manufacturing strength of GP Batteries will provide a solid basis for the mass production of these Li-S cells.
OXIS and GP Batteries have agreed to establish a joint Project Steering Board which will review the improvements in the developing technology and which will be presented to their joint customers. It is expected that GP Batteries will become a leading supplier of the OXIS Lithium Sulfur polymer battery in the future.