Trojan and Palladium Energy form alliance
By Lindsey Anderson26 September 2011
Trojan Battery Company and Palladium Energy have formed a strategic alliance to develop lithium-based battery packs.
The partnership will offer Trojan's lead-acid customers lithium-based solutions in a variety of form factors to address specific portable and backup power application requirements.
The strategic alliance will expand market opportunities for both companies, including aerial work platforms, renewable energy, golf and recreational vehicles and more.
Palladium has expertise in cell technology, design engineering and testing.
"As industry leaders in the development of innovative battery technologies, the partnership between Trojan and Palladium will allow us to provide the market the most advanced battery solutions to support the evolving needs and demands of Trojan customers," said Mat Segal, senior vice president of global business development at Trojan Battery Company. "Broadening Trojan's product portfolio to include lithium-based solutions also better enables the company to expand Trojan's reach into new and evolving industry segments worldwide."
The market demand for lithium-based battery solutions continues to grow as emerging market segments, such as renewable energy, take hold. Traditionally used in portable consumer electronic devices, advances in lithium-based battery packs now enable the use of smaller, lightweight footprints with increased energy density in a broad range of applications that require primary or back-up battery power, according to the companies.
"By partnering with an industry leader such as Trojan, Palladium can produce battery packs for a wider variety of market segments," said Art Salyer, president and chief executive officer for Palladium Energy. "The world's leading original equipment manufacturers and contract manufacturers already trust Palladium's power solutions, but this partnership will catapult our company into new and emerging verticals and medium and large format applications, allowing us to have an even larger role in powering the world with green technology."