OXIS Energy Limited and GP Batteries Collaborate on the Commercial Production of Polymer Lithium Sulfur Battery System

Wed Jan 30, 2013 1:00am EST

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OXIS Energy Limited and GP Batteries Collaborate on the Commercial Production of Polymer
Lithium Sulfur Battery System

OXFORD, England, January 30, 2013 /PRNewswire/ --

    OXIS Energy Limited, United Kingdom, and GP Batteries International Limited,
Singapore, today announced a joint manufacturing agreement to accelerate the
commercialization of OXIS' proprietary Lithium Sulfur (Li-S) battery systems for use in
different energy sectors of the world market.  

    GP Batteries is a major world-class manufacturer of primary and rechargeable
batteries. With its worldwide headquarters in Hong Kong, GP Batteries has a global sales
network for a wide range of batteries. It also has over a dozen manufacturing plants in
China, Taiwan and Malaysia. Revenue for 2012 was in excess of S$700 million, with a
global employment totalling over 8000. OXIS will benefit from the GP Batteries'
worldwide presence in developing sales of its Lithium Sulfur polymer battery systems
into the defence, automotive and solar panel markets. The manufacturing strength of GP
Batteries will provide a solid basis for the mass production of these Lithium Sulfur
cells.  

    Huw Hampson-Jones, OXIS' Chief Executive Officer, stated "This agreement is a
quantum leap forward in our pursuit to showcase to the world OXIS's breakthrough
technology. With this partnership, OXIS has a world-class manufacturer for the mass
production of polymer Li-S cells and battery systems. The collaboration will speed up
the introduction of this remarkable technology for use in every imaginable energy
sector. The expertise of both companies will have a significant impact in powering
electric vehicles safely and over much longer distances than that of the current
Lithium-Ion battery technology."  

    "Lithium Sulfur polymer batteries could well be the long sought after technology
which will correct many of the deficiencies and shortcomings of the present generation
of Lithium-Ion batteries, such as safety", said GP Batteries Chairman and Chief
Executive Andrew Ng. "There is no doubt that OXIS is in possession of breakthrough
technology and will change the technology landscape. With the experience in transforming
ideas to reality, we look forward to playing a pivotal role in delivering the next
generation of Lithium batteries to the market."  

    OXIS and GP Batteries have agreed to establish a joint Project Steering Board which
will review the improvements in the developing technology and which will be presented to
their joint customers.  

    It is expected that, in the future, GP Batteries will become a leading supplier of
the OXIS Lithium Sulfur polymer battery.  

    OXIS ENERGY LIMITED  

    Huw W. Hampson-Jones, Chief Executive Officer, OXIS energy Ltd.  

    +44(0)1865-407-017 or huw@oxisenergy.com

    GP BATTERIES INTERNATIONAL LIMITED  

    Charlotte Wong, Senior Manager - Corporate Communications,Gold Peak Group  

    +852-2485-5328 or charlotte_wong@goldpeak.com

OXIS Energy Limited
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