Blitzstrom GmbH enters joint venture to market lead-free solar battery

New Delhi , Sept. 15 - Blitzstrom GmbH on Tuesday entered into a joint venture with Austrian company EN-O-DE and Indian company Titan Energy Systems Ltd. for the manufacture of leadfree solar batteries in India.

All three companies would have equal stake in the $5-million venture called AGIRE —
Austrian German Indian Renewable Energy. Under the arrangement, EN-O-DE would
provide technical expertise to Titan for the manufacture of the batteries, which would
be marketed by Blitzstrom worldwide.

The batteries would be manufactured at Titan's existing facility in Secunderabad and
their capacity would range from 1 kW to 100 kW.

Mr Bernhard Beck, CEO, Blitzstrom GmbH, said, “we are glad, that we can take an active part in this joint venture and are positive about distributing this outmatching battery with success.” EN-O-DE has used the Vanadium Redox Energy Storage System invented
in Australia to develop the technology for `Vanadium Instant Energy' — termed Vanie.
The joint venture would produce Vanie under the trade name `BE-TITAN'.

Blitzstrom places emphasis on marketing this battery amongst others in the Asian-Pacific region as they offer the auspicious advantages to accommodate rural areas with electricity.


Contacts:

Mr. Olaf Nehm
Blitzstrom GmbH
Hoheimer Weg 3
97350 Mainbernheim

Tel: 0049 (0) 9323-8706-0
Fax: 0049 (0) 9323-8706-19
E-Mail: info@blitzstrom.de>info@blitzstrom.de
Internet: http://www.blitzstrom.de

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