The large format cells will be produced at LTC’s production facility in Nordhausen Germany and the batteries will be assembled, tested and maintained out of LTC’s facility in Plymouth Meeting P.A. This contract will give LTC the opportunity to rebuild its battery assembly activity in the US after a period in which the company stopped its pilot manufacturing activity for flat cells in Plymouth Meeting P.A.
The demand for the DesignLine hybrid vehicle is very high. If LTC is able increase its production capacity on the projected timeline, DesignLine is interested in higher volume supply.
Design Line CEO’s Brad Glosson stated: “the outstanding quality and performance of LTC’s large format cylindrical cells has been an important reason to select LTC as our prime battery vendor”.
“This multi million dollar contract clearly shows that LTC’s strategy to focus on cylindrical cells and to focus its direct sales efforts on the transportation market is paying off” says Theo Kremers, the CEO of LTC.
