VANCOUVER, BC, May 4, 2021 /PRNewswire/ -- Loop Energy
(TSX: LPEN), a developer and manufacturer of hydrogen fuel
cell-based solutions, announces an agreement with Aliant Battery, a
division of ELSA Solutions SRL, a systems integrator based in
Italy specializing in development
of battery-electric solutions for commercial vehicles and
stationary power applications.
This agreement marks a key step for Loop in advancing
hydrogen-based electric solutions for commercial vehicles, and it
allows Loop to meaningfully engage with Aliant's extensive list of
OEM customers that manufacture commercial vehicles and
transportation fleets, as well as industrial and heavy-duty
materials handling equipment.
Through this partnership, Aliant Battery will also become a
value-added integration channel partner for Loop, on the one hand
providing engineering service expertise to Loop's customers,
including hydrogen fuel cell and battery electric systems
integration, and, on the other hand, expanding the Loop Energy
customer ecosystem by leveraging its market position to identify
and engage prospective vehicle OEM and stationary power genset
manufacturers looking to transition their product portfolios to the
hydrogen electric technology.
"I am eager to develop hydrogen electric applications and
systems in cooperation with Loop Energy, demonstrating how battery
powered vehicles can benefit from hydrogen fuel cells to increase
vehicle autonomy," says Davide Pal
Pozzo, Partner at Aliant Battery. "We have a long history of
utilizing range extenders with internal combustion engines, and as
hydrogen begins to play a key role in commercial vehicle
electrification in the near future, we believe Loop Energy is the
right partner with their advanced fuel cell solutions. Together,
Aliant and Loop will be at the forefront of this technology
adoption."
"Our partnership with Aliant Battery is an integral part of our
Total Customer Care program and overall channel-based go-to-market
strategy," says George Rubin, Chief
Commercial Officer at Loop Energy. "Together with Loop Energy's
industry-leading eFlow technology, Aliant's engineering, product
design and integration will enable more OEMs to leverage
eFlow's total cost of ownership benefits into market leadership by
having the best cost and performance in zero emission product
offerings."
About Aliant Battery
Aliant Battery is a division of ELSA Solutions, a systems
integrator that specializes in the development and production of
lithium battery electric solutions for industrial and commercial
vehicles and stationary power applications. Aliant Battery is the
industry leader in lithium battery design and production in
Italy and manufactures power packs
ranging from 5KWh to 2MWh for OEM companies involved in the
manufacturing of heavy-duty materials, such as cradle and port
cranes, lifting machineries and public transportation vehicles.
About Loop Energy Inc.
Loop Energy is a leading designer of hydrogen fuel cell systems
targeted for the electrification of commercial vehicles, including,
light commercial vehicles, transit buses and medium and heavy-duty
trucks. Loop's products feature the Company's proprietary
eFlow™ technology in the fuel cell stack's bipolar plates. eFlow™
was designed to enable commercial customers to achieve performance
maximization and cost minimization. Loop works with OEMs and
major vehicle sub-system suppliers to enable the production of fuel
cell electric vehicles. For more information about how
Loop is driving towards a zero-emissions future,
visit www.loopenergy.com.
This press release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflect management's current expectations regarding future events.
Forward–looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond the Company's control, which could cause actual results
and events to differ materially from those that are disclosed in or
implied by such forward–looking information. Such risks and
uncertainties include, but are not limited to, the ability of the
Company to execute on its strategy and the factors discussed under
"Risk Factors" in the final long-form prospectus of the Company
dated February 18, 2021. Loop
disclaims any obligation to update these forward-looking
statements.
Source: Loop Energy Inc.
Loop Energy Media Contact: Ashley
Eisner | Tel: +1.212.697.2600 |
aeisner@gscommunications.com; Loop Energy Business Contact:
George Rubin | Tel: +1.604.828.8185
| grubin@loopenergy.com; Loop Energy EMEA Contact: Luigi Fusi | +39.028457.3048 |
luigi.fusi@loopenergy.com
