03.05.2018
Voltabox AG DE000A2E4LE9
DGAP-News: Voltabox AG: Voltabox receives first order for new LTO high-performance battery system in the USA
DGAP-News: Voltabox AG / Key word(s): Miscellaneous
Voltabox AG: Voltabox receives first order for new LTO high-performance
battery system in the USA
03.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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Voltabox receives first order for new LTO high-performance battery system in
the USA
- Voltabox equipping smart trolleybus fleet of Greater Dayton Regional
Transit Authority in Dayton (Ohio)
- Joint testing in a three-year pilot phase has proven the significant
technological advantages
- Voltabox will initially supply 26 LTO battery systems, with a total order
volume of 75 systems
- Project revenue in the mid-single-digit million range
- Initial deliveries planned for the current fiscal year
Delbrück, May 3, 2018 - Today, Voltabox AG [ISIN DE000A2E4LE9] announced an
order for the series production of 26 battery systems for the NexGen
trolleybus fleet Greater Dayton Regional Transit Authority (Dayton RTA).
Overall, the framework agreement covers the delivery of 75 systems.
Two trolleybus prototypes equipped with the newly developed battery systems
from Voltabox have been in testing with Dayton RTA since 2014. Following the
successful completion of the pilot phase, the transit authority has
finalized its decision for Voltabox's LTO technology. The 20-year-old fleet
of trolleybuses is being replaced with 26 new dual-mode buses in the first
step. These receive power via overhead lines and can alternatively be
powered by a battery. Voltabox supplies the modern high-voltage traction
batteries with an energy content of 66.7 kWh, which are charged on-the-go
via the overhead lines. These battery systems are the first to feature
Voltabox's prismatic cells using high-quality lithium titanate oxide (LTO)
chemistry. With 16,500 charging and discharging cycles over a service life
of around 14 years, the Voltabox LTO battery systems offer longevity roughly
five times greater than previous systems for trolley buses.
Thanks to the batteries, the trolleybuses can drive up to 24 kilometers
without power from the overhead lines. This gives Dayton RTA trolleybuses a
new kind of flexibility - allowing them to take alternate routes in heavy
traffic or construction or for extending routes that are not covered by the
existing grid of overhead lines. The new buses are scheduled to be in
regular operation as early as spring 2019. The first deliveries from
Voltabox are planned for this year. To date, the transit authority
transports more than 2 million passengers per year on its trolley routes.
The new vehicle concept is expected to increase this number even further in
the future.
"This is a real breakthrough for us; the new LTO technology has proven
itself in practice. We are very happy that the testing performed by our
partner, the local transit authority for Greater Dayton, provided excellent
results and that we were subsequently awarded the contract for series
production. This shows we are prepared to meet the needs of other transport
companies that are looking to benefit from our battery systems," says Jürgen
Pampel, CEO of Voltabox AG. "Over the past months and years, we have
equipped a large percentage of the trolleybus fleets in Seattle, San
Francisco, Linz and other cities with our state-of-the-art battery systems.
We are proud to be making a significant contribution to the continued
electrification of local public transportation in Dayton, where they've been
using electric trolleybuses since 1888."
Many transport companies are currently renewing their bus fleets and opting
for forward-looking vehicle concepts. Decisions are increasingly being made
in favor of electric solutions, with conventional diesel emergency power
generators being replaced by modern lithium-ion battery systems. This
enables completely emission-free driving in inner-city traffic, while also
allowing for the seamless transition between drive types during operation.
The vehicle concept combines a large passenger volume with an almost
unlimited range and allows for uninterrupted 24-hour operation.
Globally, about 40,000 trolleybuses in roughly 370 cities are currently in
operation across 47 countries. The trolleybus is considered to be the
cleanest and most economical form of e-mobility in public transportation. On
the one hand, zero emissions makes an important contribution to the
sustainable development of cities and regions. On the other hand, with an
average capacity of up to 8,000 passengers per hour and direction, they are
as efficient as trams. The use of Voltabox battery systems also allows for
flexible route extensions, even in city centers.
About Voltabox AG
Voltabox is a high-growth e-mobility system provider for industrial
applications. Its core business lies in intrinsically safe, highly developed
high-performance lithium-ion batteries that are modular and in serial
production. The battery systems are used in buses for public transportation,
forklifts, automated guided vehicles and mining vehicles. The company also
develops and produces high-quality lithium-ion batteries for selected mass
market applications, such as high performance motorcycles. Voltabox has
production sites at its headquarters in Delbrück, Germany, and in Austin,
Texas, as well as a development site in Aachen, Germany. Additional
information about Voltabox can be found at www.voltabox.ag/en/.
Financial Press & Investor Relations Contact
Voltabox AG
Dr. Kai Holtmann
Artegastraße 1
D-33129 Delbrueck
Phone: +49 (0) 52 50 - 99 30-964
Fax: +49 (0) 52 50 - 99 30-901
E-Mail: [email protected]
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03.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Voltabox AG
Artegastraße 1
33129 Delbrück
Germany
Phone: +49 (0)5250 9930 964
Fax: +49 (0)5250 9930 901
E-mail: [email protected]
Internet: www.voltabox.ag
ISIN: DE000A2E4LE9
WKN: A2E4LE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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