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Bosch Power Tools and Phostech are developing lithium-ion batteries with phosphate cathodes


· Even more powerful lithium-ion batteries for power tools

· New generation of lithium-ion battery technology expected for 2007

The Power Tool Division of Robert Bosch GmbH and Phostech Lithium Inc. in Montreal, Canada, a subsidiary of Süd Chemie AG, are cooperating in the field of lithium-ion batteries. The partner companies have agreed to develop a new, even more powerful lithium-ion battery technology for power tools. They aim to launch this onto the market in 2007.

Phostech develops and produces battery cathodes based on li-metal phosphate, especially lithium-iron phosphate (LiFePO4), an environmentally friendly material. Furthermore, Phostech has the exclusive license for the key patent owned by the University of Texas, governing the use of li-metal phosphate in Europe, Canada and the USA. Bosch, the leader in technology for lithium-ion cordless tools, will be contributing its extensive expertise in the electronic control of battery operation and charging processes.

The Bosch Group is a leading global manufacturer of automotive and industrial technology, consumer goods, and building technology. In fiscal 2005, some 251,000 associates generated sales of 41.5 billion euros. Set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering,” the Bosch Group today comprises a manufacturing, sales, and after-sales service network of more than 280 subsidiaries and more than 12,000 Bosch service centers in over 140 countries.

The special ownership structure of the Bosch Group guarantees its financial independence and entrepreneurial freedom. It makes it possible for the company to undertake significant up-front investments in the safeguarding of its future, as well as to do justice to its social responsibility in a manner reflective of the spirit and will of its founder. A total of 92 % of the share capital of Robert Bosch GmbH is held by the charitable foundation Robert Bosch Stiftung. The entrepreneurial ownership functions are carried out by Robert Bosch Industrietreuhand KG.

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PI5441 - October 2006


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