AV Concept Expands into Green Energy Storage with Boston-Power's Industry-Leading Lithium-Ion Batteries

Boston-Power, a provider of lithium-ion batteries, announced a marketing partnership with electronics distributor and manufacturer AV Concept Holdings Limited with a focus in the Korean and Chinese markets.

According to officials, a move that underscores AV Concept's commitment to the rechargeable lithium-ion battery market, the company will use Boston-Power's lithium-ion technology platform across a range of end applications.

"Renewable energy and energy storage are both widely believed to be high-growth markets in China and across the globe," said So Chi On, CEO of AV Concept. "Green energy storage solutions like Boston-Power's are the key enabling technology for such applications. By combining Boston-Power's award-winning technology with our proven distribution sales network and early investment in Wavesquare LED technology, we will have boosted capabilities to explore and engage with high-growth applications and business opportunities in the future and bring more fruitful returns to our shareholders."

"Our mission at Boston-Power has always been to deliver a dependable, high-performance, environmentally sustainable and safe battery platform - one that could easily scale to a wide range of markets and applications," said Dr. Christina Lampe-nnerud, Founder and CEO, Boston-Power. "We're excited that AV Concept shares that vision and will now be able to provide an industry-leading energy storage solution to its customers in Asia and across the globe."

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