RELiON Announces Strategic Partnership to Drive Innovation and Accelerate Growth
RELiON Battery LLC, global developer of lithium battery technologies, has announced a strategic partnership with Lithium Power, a leader in turnkey lithium battery packs, and BMTPOW, a technology leader in battery management systems. The companies said the alliance is expected to accelerate worldwide growth for all three companies and further position RELiON as the leader in lithium drop-in replacements for lead acid batteries, as well as other proprietary projects.
“RELiON has been searching for the right partnership to further advance our leading role in the lithium battery market,” said Paul Hecimovich, CEO of RELiON Battery. “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.”
The partnership will leverage 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 companies say together, they will deliver customer value by:
- Offering an end-to-end lithium battery product portfolio with unrivaled innovation
- Creating the lithium battery solution of the future through proprietary technology
- Channeling the combined scale and innovation of the three companies to accelerate market depth and aftermarket services
