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High-Speed Manufacturing Line Produces More Than 1,000,000 Batteries in Q1 2009
Lakeland, FL.—April 14, 2009—Solicore, Inc., the global leader in embedded power solutions for RFID applications, powered cards and micro medical devices, has produced over 1,000,000 batteries in the first quarter of 2009 to meet the ever expanding market demands for thin film lithium polymer batteries. Solicore produces batteries on its state-of-the-art high speed manufacturing line, which has recently completed scale-up activity and is now capable of producing in excess of two million units per month – the equivalent of approximately two batteries every three seconds.
Running continuously, the new high speed line allows Solicore to further lead the industry with its ability to scale production to meet customer and market demand for thin film lithium polymer batteries. Much of this ability is attributed to the design of Solicore’s high speed production process which utilizes fewer production steps than comparable battery manufacturers.
“We’ve cut down the time it takes to switch between battery sizes on the high speed manufacturing line; what once took days, now takes only a matter of hours and consistently produces premium product from the line. This allows for greater flexibility to expand capacity as demand continues to increase across all battery sizes,” says Dan Tillwick, Chief Operating Officer for Solicore. “Our year-to-date on-time delivery is over 98 percent, reflecting a tremendous team effort and successful upgrades to our high speed manufacturing line.”
Solicore’s Flexion line of thin film batteries continues to outperform its competition, and is recognized by market leaders as the battery of choice for powered cards. It was developed to meet all key production requirements necessary for powered card manufacturing, including hot lamination.
“Solicore is continuously driving R&D innovation and accelerating our thin-film battery production scale-up,” says Tillwick. “Our strategic decision to align manufacturing processes with a focus on maximum scalability has been validated by recent large volume orders from our customers.”
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 polymer batteries.
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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