“RELiON has been searching for the right partnership to further advance our leading role in the lithium battery market. This exciting joint venture will allow us to not only strengthen the control and communication functionality within our products, but also offer enhanced solutions for our OEM customer base, as well as the aftermarket and the distribution networks we service,” said Paul Hecimovich, CEO of RELiON Battery in South Carolina.
The strategic partnership will combine the three companies’ resources, technologies, industry expertise, and market presence, and will include technical collaboration across the organizations as well as joint global go-to-market initiatives. The venture is expected to spark deep cycle battery innovation and additional R&D by maximizing the product development talents and resources at all three companies.
“Today’s announcement is another solid step in our journey to build on our foundation in turnkey lithium battery packs and become a leader in the global lithium market,” said Stan Chan, Director of Product Development of Lithium Power. “This partnership will help us fully deliver on our development strategy by giving us strong engineering capabilities and market position in deep cycle lithium technology. RELiON Battery and BMTPOW creates the perfect partnership to help us fully expand our technological capability long-term.”
The deal will create an end-to-end lithium battery product portfolio arounf LiFePO 4 technology. “Our alliance with RELiON and Lithium Power Inc. enables us to bring our market leading control systems to a global audience. All three companies have unique strengths that will make the combined entity the leading lithium solutions provider in an array of markets,” said Wylie So, CEO of BMTPOW, formerly known as BMSPow and GammaComm Tech.
“The strategic partnership will be a key driver of growth and value for years to come. The vast backgrounds of the three companies will make this joint venture a true force going forward in lithium battery solutions”, said Hecimovich at RELiON, whose systems power a range of applications including,