Frost & Sullivan Recognises LiTHIUM BALANCE's Development of an Inventive Battery Management System for Lithium Cells

LONDON, June 15, 2010 - Based on its recent analysis of the automotive powertrain market, Frost &
Sullivan recognises LiTHIUM BALANCE Battery Management Systems A/S with the
'2009 European Automotive Powertrain New Product Innovation Award'. The use
of large format lithium battery packs in the automotive sector has spawned
the need for an effective battery management system (BMS) to maintain the
performance and improve the life of the battery. This need has been met
admirably by LiTHIUM BALANCE, which uses multiple local monitoring units
(LMUs) to monitor up to 8 cells each, with the central monitoring unit (BCMU)
managing the whole pack.

(Logo: photos.prnewswire.com/prnh/20081117/FSLOGO)

Effective management of battery cells is vital to ensure that all cells
operate at the same voltage/state-of-charge. If the battery is used without a
capable management system, the cells will charge/discharge unevenly, reducing
the battery's power/energy density and life. With a BMS, battery
manufacturers can ensure safety, maintain range as well as performance, and
log the history of the battery parameters. LiTHIUM BALANCE's use of LMU
reduces the wiring and maintains the performance and life of the battery.

Commonly, leading-edge technology enables businesses to overlook an
existing product and opt for a next-generation solution that will offer them
better market presence and profitability. For LiTHIUM BALANCE, existing
platforms form the base for any new technology that enables the integration
of advancements in process development and software. This makes the product
not only easy to implement, but also cost effective.

The main benefit of LiTHIUM BALANCE's BMS is the significant life
extension of almost 50 per cent. Other features such as controller area
network (CAN)-bus integration and vehicle-to-grid systems will add to the
scope of the product in the future.

"The vehicle-to-grid feature controlled by the BMS is expected to be a
particularly significant application, considering the improving electric
vehicle infrastructure," says Frost & Sullivan Research Analyst Bharath Kumar
Srinivasan. "To have such a feature when being one of the market leaders
clearly puts the company in the most favourable position to capture more
projects and increase market share."

The extended battery life increases the range of the vehicle by 5 to 10
per cent for every charge, which in-terms of cost, would translate to savings
of up to US$4000. Tier 1 and tier 2 suppliers are more likely to be lured by
the improvements in performance without compromising the standard.

LiTHIUM BALANCE also helps its top tier clients with their integration
work or packaging of the cells. This is achieved by entering into
partnerships with cell manufacturers, wherein LiTHIUM BALANCE contributes
with its knowledge of BMS, diagnostics, and offers suggestion for future
battery models using the logged data.

"The prime focus for LiTHIUM BALANCE is the emerging automotive market
because of its focus on electric vehicles - a direct result of the emission
reductions target," notes Srinivasan.

Equally critical for market expansion is the company's penetration into
established markets such as forklifts, where lead-acid batteries hold sway.
The company will also be looking to make inroads into the markets for back-up
systems, marine, and military applications.

Each year, Frost & Sullivan presents this award to the company that has
demonstrated excellence in new products and technologies within its industry.
The recipient company has shown innovation by launching a broad line of
emerging products and technologies.

Frost & Sullivan Best Practices Awards recognize companies in a variety
of regional and global markets for demonstrating outstanding achievement and
superior performance in areas such as leadership, technological innovation,
customer service, and strategic product development. Industry analysts
compare market participants and measure performance through in-depth
interviews, analysis, and extensive secondary research in order to identify
best practices in the industry.

About LiTHIUM BALANCE A/S

LiTHIUM BALANCE is an innovative Danish company whose core competence is
the development and delivery of battery management systems for Lithium Ion
battery packs in industrial applications. LiTHIUM BALANCE's range of battery
management systems allow all common Lithium Ion cell chemistries and
constructions to be correctly managed.

    LiTHIUM BALANCE A/S Contact Information
    Lars Barkler
    Chief Executive Officer
    LiTHIUM BALANCE A/S
    Tel +45-5851-5142

About Frost & Sullivan

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    Frost & Sullivan Contact Information
    Jasmine Malone - Promotions Coordinator
    Phone: +44-207-915-7869
    E-Mail:jasmine.malone@frost.com

Lars Barkler, Chief Executive Officer of LiTHIUM BALANCE A/S, +45-5851-5142; or Jasmine Malone, Promotions Coordinator of Frost & Sullivan, +44-207-915-7869, jasmine.malone at frost.com