EaglePicher and Kokam Sign Agreement
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EaglePicher and Kokam Sign Agreement
Dear Fred,
The deal has been officially closed on Dec. 2, 2004. EaglePicher Kokam Ltd. (EP Kokam) is the new company name in place of Kokam Engineering Ltd.
FMA Direct wlll be a valued distrbutor for EaglePicher Kokam Ltd. RC battery products. There is no changes of business relationship between FMA and EP Kokam, but better services than before. I am very encouraged by recent revenue increase with EP Kokam products by FMA and hope to continue this trend. E-P Kokam requests that you to use E-P Kokam on your webpages, effective immediatley instead of Kokam USA.
Thank you very much for your understanding. I am looking forward to working with you continuously.
Best Regards,
Joon Kim
PRESS RELEASE
EaglePicher Incorporated / Kokam Engineering Co., Ltd
Contacts:
EaglePicher:
Cyndi Bloom, 602-794-9604
Linda Capcara Brodeur Worldwide, 602-808-1166
Kokam
J.J. Hong, +82-31-434-3900
EAGLEPICHER INCORPORATED AND KOKAM ENGINEERING SIGN ACQUISITION AND LICENSING AGREEMENTS
PHOENIX, Ariz., October 4, 2004 â EaglePicher Incorporated has signed an agreement to acquire a controlling interest in Kokam Engineering Company, Ltd. (Seoul, South Korea), a manufacturer of advanced rechargeable lithium-ion battery technology. The transaction is expected to close in December 2004. Additionally, EaglePicher has signed an exclusive agreement to license Kokamâs technology for government applications worldwide. EaglePicher will sell Kokam products globally outside of North Asia for industrial, commercial, and selected defense applications. In addition, Kokam will distribute selected EaglePicher-branded products in North Asia.
âThese agreements represent the next step in EaglePicherâs strategy to broaden its portfolio of lithium-ion power solutions,â said John Weber, president and CEO of EaglePicher Incorporated. âWe see an increasing interest in lithium-ion technology, due to its low selfdischarge, extended lifespan, light weight, rechargeability, low maintenance and environmental friendliness. We believe EaglePicherâs customers will benefit from Kokamâs patented lithiumion pouch cell and battery packaging technology and the quality built into Kokamâs products through its outstanding automated production engineering technology.â
Kokamâs unique technology results in flexible form factors and exceptionally high rate capability compared to other lithium-ion technology. Initial uses for this technology include electric and hybrid electric vehicles, motive, remote power, uninterruptible power supplies, radio-controlled devices and external medical applications. EaglePicher will also apply this technology to defense applications appropriate for lithium-ion batteries, including military communications systems and other portable applications.
According to a report from Business Communications Company, Inc. (www.bccresearch.com) RGB-210N Lithium Batteries: Materials and Markets, the U.S. lithium battery market is estimated at $2.1 billion in 2004. Rising at an average annual growth rate (AAGR) of 4.7%, this market will reach $2.7 billion in 2009.
J.J. Hong, President and CEO of Kokam Engineering said, âKokam has developed a world-class lithium-ion product with superior performance to that of standard lithium-ion products. Kokam has also developed the automated manufacturing equipment and operating processes required to manufacture large volumes with outstanding quality. Kokam is delighted to be linking with a global power supply and energy storage leader like EaglePicher.â
âWe are impressed by the Kokam culture of technology innovation and customer
responsiveness and by the abilities of Kokamâs employees. We are proud to welcome them to the EaglePicher family,â said Weber.
Headquartered in Seoul, Kokam has 175 employees and two battery manufacturing operations in Korea.
EaglePicher Incorporated, founded in 1843 and headquartered in Phoenix, Arizona, is a diversified manufacturer and marketer of innovative, advanced technology and industrial products and services for space, defense, automotive, medical, filtration, pharmaceutical, nuclear power, semiconductor and commercial applications worldwide. The company has 3,900 employees and operates more than 30 plants in the United States, Canada, Mexico and Germany. Additional information on the company is available on the Internet at www.eaglepicher.com.
This release contains statements which, to the extent that they are not recitations of historical fact, constitute âforward-looking statementsâ within the meaning of Section 21E of the Securities Exchange Act of 1934. These include any statements about future business operations, financial performance or market conditions. Such forward-looking information involves risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are discussed in Eagle-Picher Holdingâs filings with the U.S. Securities and Exchange Commission.
EaglePicher⢠is a trademark of EaglePicher Incorporated.
The deal has been officially closed on Dec. 2, 2004. EaglePicher Kokam Ltd. (EP Kokam) is the new company name in place of Kokam Engineering Ltd.
FMA Direct wlll be a valued distrbutor for EaglePicher Kokam Ltd. RC battery products. There is no changes of business relationship between FMA and EP Kokam, but better services than before. I am very encouraged by recent revenue increase with EP Kokam products by FMA and hope to continue this trend. E-P Kokam requests that you to use E-P Kokam on your webpages, effective immediatley instead of Kokam USA.
Thank you very much for your understanding. I am looking forward to working with you continuously.
Best Regards,
Joon Kim
PRESS RELEASE
EaglePicher Incorporated / Kokam Engineering Co., Ltd
Contacts:
EaglePicher:
Cyndi Bloom, 602-794-9604
Linda Capcara Brodeur Worldwide, 602-808-1166
Kokam
J.J. Hong, +82-31-434-3900
EAGLEPICHER INCORPORATED AND KOKAM ENGINEERING SIGN ACQUISITION AND LICENSING AGREEMENTS
PHOENIX, Ariz., October 4, 2004 â EaglePicher Incorporated has signed an agreement to acquire a controlling interest in Kokam Engineering Company, Ltd. (Seoul, South Korea), a manufacturer of advanced rechargeable lithium-ion battery technology. The transaction is expected to close in December 2004. Additionally, EaglePicher has signed an exclusive agreement to license Kokamâs technology for government applications worldwide. EaglePicher will sell Kokam products globally outside of North Asia for industrial, commercial, and selected defense applications. In addition, Kokam will distribute selected EaglePicher-branded products in North Asia.
âThese agreements represent the next step in EaglePicherâs strategy to broaden its portfolio of lithium-ion power solutions,â said John Weber, president and CEO of EaglePicher Incorporated. âWe see an increasing interest in lithium-ion technology, due to its low selfdischarge, extended lifespan, light weight, rechargeability, low maintenance and environmental friendliness. We believe EaglePicherâs customers will benefit from Kokamâs patented lithiumion pouch cell and battery packaging technology and the quality built into Kokamâs products through its outstanding automated production engineering technology.â
Kokamâs unique technology results in flexible form factors and exceptionally high rate capability compared to other lithium-ion technology. Initial uses for this technology include electric and hybrid electric vehicles, motive, remote power, uninterruptible power supplies, radio-controlled devices and external medical applications. EaglePicher will also apply this technology to defense applications appropriate for lithium-ion batteries, including military communications systems and other portable applications.
According to a report from Business Communications Company, Inc. (www.bccresearch.com) RGB-210N Lithium Batteries: Materials and Markets, the U.S. lithium battery market is estimated at $2.1 billion in 2004. Rising at an average annual growth rate (AAGR) of 4.7%, this market will reach $2.7 billion in 2009.
J.J. Hong, President and CEO of Kokam Engineering said, âKokam has developed a world-class lithium-ion product with superior performance to that of standard lithium-ion products. Kokam has also developed the automated manufacturing equipment and operating processes required to manufacture large volumes with outstanding quality. Kokam is delighted to be linking with a global power supply and energy storage leader like EaglePicher.â
âWe are impressed by the Kokam culture of technology innovation and customer
responsiveness and by the abilities of Kokamâs employees. We are proud to welcome them to the EaglePicher family,â said Weber.
Headquartered in Seoul, Kokam has 175 employees and two battery manufacturing operations in Korea.
EaglePicher Incorporated, founded in 1843 and headquartered in Phoenix, Arizona, is a diversified manufacturer and marketer of innovative, advanced technology and industrial products and services for space, defense, automotive, medical, filtration, pharmaceutical, nuclear power, semiconductor and commercial applications worldwide. The company has 3,900 employees and operates more than 30 plants in the United States, Canada, Mexico and Germany. Additional information on the company is available on the Internet at www.eaglepicher.com.
This release contains statements which, to the extent that they are not recitations of historical fact, constitute âforward-looking statementsâ within the meaning of Section 21E of the Securities Exchange Act of 1934. These include any statements about future business operations, financial performance or market conditions. Such forward-looking information involves risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are discussed in Eagle-Picher Holdingâs filings with the U.S. Securities and Exchange Commission.
EaglePicher⢠is a trademark of EaglePicher Incorporated.