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Solicore Teams with Ineltro Austria to Distribute Flexion® Batteries in Central Europe
Lakeland, FL—November 4, 2008—Solicore, global leader of embedded power solutions, has entered into an agreement with Ineltro Electronics GmbH, an Austrian electronics components supplier, for the distribution of their ultra-thin, flexible Flexion® batteries throughout Austria, Slovenia and Croatia. This strategic distribution agreement will enable Solicore to increase their share in the European market, leveraging Ineltro’s extensive customer base and the company’s commitment to pairing applications with the most appropriate dedicated components.
“We have not previously seen anything like the Flexion battery,” says Kurt Scheida, business development manager for Ineltro. “Solicore’s specific size, thinness and flexibility make it an ideal solution to power the platforms our customers are creating. Adding this unique product to Ineltro’s portfolio enables us to not only assist our current clients that are developing new applications, but also provides the opportunity to increase our own customer base.”
Solicore will be supplying batteries to Ineltro for use primarily in banking and credit cards as well as RFID devices. Ineltro’s credit card partners are developing platforms that utilize security applications, which would require the Flexion battery as an embedded power source to enable these capabilities. Solicore’s batteries’ unique features, such as their thinness and flexibility, will also allow Ineltro to expand from supplying components for passive RFID product manufacturers to also working with developers of active RFID products, which offer increased range and ability to support additional on-board functions.
“The demand for powered card solutions is growing worldwide, with Europe testing and implementing some of the most advanced cards on the market,” says Solicore’s International Sales Director Robert Kovach. “With Solicore’s unique Flexion battery, we are driving innovation in this industry, providing the means for companies to develop thinner, more secure applications with multiple layers of functionality.”
Solicore and Ineltro will be exhibiting jointly at Electronica 2008 in Munich on November 11 and 12. Solicore’s Flexion batteries are currently powering a number of RFID applications, powered cards and micro-medical devices worldwide. Solicore will be exhibiting at CARTES and IDentification 2008, November 4-6 in Paris, France at booth 4P010. 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 Ineltro Electronics GmbH
Ineltro Electronics GmbH is an independent electronic component distributor dedicated to developing partnerships based on trust, respect, competence, loyalty, quality and an appropriate knowledge of the market. Having established themselves as a speedy and flexible distributor in 1968, many of the original employees are still working for the company, carrying on Ineltro’s commitment to pairing their customers with the best possible component solutions.
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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