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Asia Industry Development to Distribute Solicore’s Flexion® Batteries
Lakeland, Fla.—January 10, 2008—Solicore today announces a partnership with Tokyo-based Asia Industry Development Co., Ltd. (AID) for the distribution of its paper-thin Flexion® battery to select accounts within Japan. As a multi-segmented international import/export company, AID currently provides batteries and battery chargers to a number of electronics manufacturers including Canon, Casio, Sharp and Seiko-Epson, as well as companies developing powered card and RFID applications for both the consumer and the industrial markets. This agreement strengthens Solicore’s position as an embedded power solution provider for various applications in the Japanese market.
Japan has earned a reputation as the world’s most innovative nation, according to The Economist magazine, by securing more patents per person than any other country and consistently and instantaneously absorbing new technologies. [1]As the use of prepaid credit card and RFID enabled transit cards have gained popularity, demand for greater functionality and increased security has driven a need for a thin, lightweight embedded power source. The alliance with AID allows Solicore to increase the visibility of its unique flagship product, the Flexion batteries, in Japan’s highly innovative marketplace by leveraging AID’s nearly 40 years of experience and established relationships.
“Our clients are always striving to enhance miniaturization and looking for ways to make their products smaller and more convenient; however, they have been confined due to the limitations in the available power solutions. We receive numerous requests for thin film batteries for use in powered card applications, but we didn’t have a supplier that made one,” says AID President Tomo Wakabayashi. “Solicore’s ultra-thin, flexible Flexion batteries met the needs of our clients and provided the perfect complement to our existing battery portfolio.”
Japan’s rapidly developing smart card market, particularly in the areas of prepaid credit cards and RFID enabled transit cards, make it an important arena in which Solicore looks to establish a strong presence. AID’s extensive knowledge of the market and existing network of connections enable them to determine how and where to introduce Flexion batteries for new applications. “The Japanese market is expanding so rapidly that it is difficult for international companies to know where opportunities are arising or how to most effectively capitalize on those opportunities,” says Solicore CEO David Corey. “AID’s local knowledge base will direct us down avenues to find the best possible fit for out Flexion batteries. They are also able to introduce us to a number of key Japanese companies, lending their well-established credibility to our Flexion batteries.”
Solicore will supply their embedded power solutions for use in enhanced card security and RFID projects currently in development by AID’s customers. For more information about Solicore and its Flexion battery portfolio, please visit www.solicore.com.
About Solicore, Inc.
Solicore is a worldwide leader of embedded power solutions, offering its Flexion® product portfolio of advanced ultra-thin flexible lithium polymer batteries for powered cards, RFID and micro medical devices. Solicore’s advanced battery technology is ultra-thin, flexible, safe and environmentally friendly, and significantly enhances the capabilities of lithium-based batteries. For more information, visit www.solicore.com.
About Asia Industry Development Co., Ltd.
Asia Industry Development Co., Ltd (AID) is a multi-segmented diversified international import/export company with distribution agreements in a variety of electronic, electronic components, small appliances and a variety of niche markets.
This press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause Solicore, Inc's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. Solicore, Inc. assumes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the battery industry, and changes in domestic and international market conditions, and foreign exchange rates.
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