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Old 07-13-2003, 02:02 AM   #1
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Lithium Technology Corporation Receives Orders For Advanced Prototype Automotive B...

PLYMOUTH MEETING, Pa., July 8 -- Lithium Technology
Corporation, ("LTC," "the Company") (OTC Bulletin Board: LITH.OB), an early
production stage rechargeable lithium battery manufacturer, today announced
that its GAIA operating units have received firm purchase orders for high
performance lithium-ion prototype batteries for transportation applications
from two different customers.
LTC's GAIA U.S.A. unit at Plymouth Meeting, PA, has received a purchase
order from Penn State University for a 180-Volt prototype Hybrid Electric
Vehicle (HEV) battery for an advanced truck application that the University
intends to enter into the Future Truck Competition in June 2004. The US DOE
sponsors the Future Truck program and the annual competition to promote the
development of fuel-efficient vehicle technology. This prototype battery will
be comprised of 50 of the Company's proprietary 27 Ah flat cells, along with a
Battery Management System (BMS), and will provide about 70kW of power, which
is a substantial improvement over the heavier lead acid battery system that it
will replace. Delivery is scheduled for September 2003.
LTC's GAIA Europe unit at Nordhausen, Germany, has received orders for
several advanced automotive batteries from a world-renowned car manufacturer.
One of these prototypes is a unique 12-Volt auxiliary power source to be
housed in a thin panel. LTC's proprietary large-format flat cell technology
and stainless steel flat pack configuration readily met the customer's OEM
specifications with a battery having a 20 Ah capacity in a case measuring
12.5 inches (315mm) by 7.9 inches (200mm) by 1.2 inches (30mm). The other
prototypes are nominal 12-Volt SLI (starting-lighting-ignition) batteries
using the Company's proprietary 27 Ah cylindrical cells measuring 5.1 inches
(130mm) by 2.4 inches (60mm) in diameter. These batteries will provide up to
9kW of starting power. Initial delivery is scheduled for August 2003. In
addition, LTC will supply a Battery Management System (BMS) for each of the
prototypes. The batteries will undergo extensive testing by the OEM.
Previously, in September 2002, GAIA Europe delivered a prototype 42-Volt
automotive battery to BMW as part of the Astor program, a consortium of seven
European automakers evaluating new power sources. That battery remains on
test in Europe.
Dr. Franz Kruger, President and Chief Operating Officer of LTC, said,
"These orders represent another important milestone in our ongoing initiatives
to have transportation industry OEMs test and qualify our advanced large
format batteries which can deliver high-rate, high-capacity, low temperature
operations and long cycle life. The Penn State opportunity represents the
first in-vehicle demonstration of LTC's automotive battery prototypes and we
are pleased to be the University's first choice for a lithium-ion solution."
LTC, with operating locations in Plymouth Meeting, PA, and Nordhausen
Germany, is sampling customers in the U.S. and Europe with its unique large
format prototype batteries for a variety of national security, stationary
power and transportation applications. The Company's battery products carry
the GAIA brand name and trademark.

The foregoing information contains forward-looking statements which
involve risks and uncertainties relating to such matters as financial
performance, technology development, capital raising, business prospects,
strategic partnering and similar matters. A variety of factors could cause
LTC's actual results and experience to differ materially from anticipated
results or other expectations expressed in these forward-looking statements.
This notice does not constitute an offer of any securities for sale.

Contact USA: Contact Europe:
Lithium Technology Corporation GAIA Akkumulatorenwerke GmbH
Phone: (610) 940-6090 ext. 108 Phone: +49 36 31 - 61 67 0
Fax: (610) 940-6091 Fax: +49 36 31 - 61 67 16
E-mail: investorrelations@lithiumtech.com
E-mail: info@gaia-akku.com

Consulting For Strategic Growth I, Ltd. Schwerdtmann & Partner
Phone: (800) 625-2236 Phone: +49 5721 9383988
Fax: (212) 697-0910 Fax: +49 5721 9393989
E-mail: cfsg@consultant.com E-mail:
peter.schwerdtmann@t-online.de



SOURCE Lithium Technology Corporation
Web Site: http://www.lithiumtech.com
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