Alelion signs framework contract with Cargotec to develop and supply high voltage batteries and receives orders for battery prototypes and electrification

2019-12-19 - Alelion Energy Systems AB

Alelion Energy Systems AB (publ) has signed a framework contract with Finnish Cargotec Corporation to develop and supply high voltage batteries for electrification of industrial vehicles. On signing the contract Alelion received an order from a Cargotec subsidiary to develop and deliver two high voltage battery prototypes. The prototypes will be used for electrification of hydraulic systems.

Finnish Cargotec is a leading provider of cargo and load handling solutions and services. In 2018 Cargotec’s total sales were approximately 3.3 billion Euro (just over 35 billion SEK) and the corporation employed around 13,000 people. Cargotec has three business areas: Kalmar, Hiab and MacGregor, all with very strong market positions in cargo and load handling for manufacturing industries, ports, on-road and marine. With the goal of reaching a higher proportion of electrified products within the corporation, Cargotec has signed a framework contract with Alelion Energy Systems to develop and supply high voltage batteries. In connection with signing the contract the Cargotec subsidiary placed an order for the provision of two prototypes for electrification of hydraulic systems.

These prototypes are based on a high voltage version of Alelion’s third generation lithium-ion battery. The third generation high voltage batteries recently passed the tests for battery certification in accordance with the international standard ECE-R100, which is a condition that must be fulfilled for batteries to be used in road-going vehicles. Alelion’s battery system is module based and can therefore be adapted for different customer categories and product segments. The third generation battery system is also specially developed for efficient production in Alelion’s new and highly automated battery factory in Gothenburg.

Increasing electrification

– Due to environmental and climate concerns a wide-ranging changeover is currently taking place in a large number of segments where there is a drive to electrify both vehicle propulsion and hydraulic systems, says Åsa Nordström, Acting CEO for Alelion Energy Systems. This brings Alelion great opportunities and with our long experience, our new batteries and our new factory we are well prepared to play our part in this changeover.

– We see how more and more manufacturers of special vehicles are beginning to explore the possibilities of electrification using lithium-ion batteries, from construction machinery to container trucks, says Åsa Nordström. This framework contract and order demonstrate an exciting development in yet another type of special vehicle and are further evidence of steadily increasing electrification.

For more information, please contact: Åsa Nordström, Acting CEO
Alelion Energy Systems AB
+46 702-90 18 58

This information is such as Alelion Energy Systems AB (publ) is obligated to disclose pursuant to the EU Market Abuse Regulation and the Market Securities Act. The information was provided by the above person for public disclosure on 16 December 2019 at 08:30 CET.

Find press releases, reports, prospects and company presentations at https://www.alelion.com/sv/investerare

Alelion Energy Systems AB

Alelion Energy Systems AB is a leading manufacturer of industrial energy storage systems based on lithium-ion technology. A lithium-ion battery is more energy efficient, lighter, lasts longer and also contributes to considerably lower environmental impact.

In step with the growth of climate threat and the urgent need to convert to more sustainable energy systems and more sustainable use of energy, an increasing number of sectors have begun to explore the possibilities offered by lithium-ion technology and this is opening up new markets and segments for Alelion. Through the development of smart software based control systems new business opportunities have evolved linked to lithium-ion technology in the energy management area where Alelion can offer solutions.

In 2019 Alelion opened Sweden’s first factory for large-scale production of lithium-ion batteries for industrial vehicles. Read more at www.alelion.com

Alelion’s major owners are Pegroco Invest Fouriertransform. The company's share (ALELIO) is traded on Nasdaq First North Stockholm with G&W Fondkommission as Certified Advisor, e-mail: ca@gwkapital.se, phone: +46 8-503 000 50.

Release (pdf)

News

News

2019-12-19 Åsa Nordström appointed as new CEO of Alelion Energy Systems AB

Åsa Nordström has been appointed as new CEO of Alelion Energy Systems AB.
She previously held the position of Sales and Marketing Manager for Alelion and has been serving as Acting CEO for the company since August. “Åsa has done an outstanding job as Acting CEO and established her position both internally and externally as an excellent manager and leader for the company. Her valuable input along with her solid understanding of the business and the products make a combination that is exactly what the company needs at this point in time,” says Jan Forsberg, chairman of Alelion’s board of directors.

News

2019-12-10 Alelion Energy Systems high voltage batteries meet certification requirements for road vehicles opening up for new opportunities in the special vehicle segment.

Tests show the batteries meet all the requirements for batteries and battery systems to be used in road vehicles. Alelion will now take a place among the limited number of manufacturers whose high voltage systems are approved for this market segment bringing new opportunities for sales to this vehicle category.

News

2019-08-28 Daniel Troedsson slutar som vd för Alelion Energy Systems

Styrelsen för Alelion Energy Systems AB har beslutat att söka en ersättare för Daniel Troedsson som vd för Alelion Energy Systems AB. Daniel Troedsson lämnar bolaget med omedelbar verkan och i avvaktan på att hans efterträdare utses träder Åsa Nordström, marknadschef för bolaget, in som tillförordnad vd.

News

2019-07-15 Alelion signs its first agreement for the aftermarket in Asia

Alelion Energy Systems AB (publ) has entered into an agreement with MHE Energy in Thailand for deliveries of lithium-ion batteries and service to the forklift aftermarket in Thailand and Vietnam. This is Alelion’s first agreement in the aftermarket for forklift batteries in Asia.

News

2019-06-30 Alelion Energy Systems has entered into an agreement for deliveries of lithium-ion batteries and services to the aftermarket for forklift batteries in the Middle East.

Alelion Energy Systems AB (publ) has entered into an agreement with GamaAku in Turkey for delivery of lithium-ion batteries and service to the aftermarket for forklift batteries in the Middle East. When signing, Alelion received a first order for lithium-ion batteries worth 40,000 Euro.

News

2019-02-22 Year-end report Jan-Dec 2018

In the course of the fourth quarter our net turnover and order bookings continued to increase compared with the same quarter in the previous year (+31.6 and +11.3 per cent respectively) while profit on both group and parent company levels showed weak growth above all due to increased competition and increased cost inflation. The greater and greater need to adapt to a more sustainable use of energy makes the market for Alelion’s products in lithium-ion technology and systems for smart energy management one of the absolutely most promising and interesting.

News

2019-02-18 Alelion takes a loan of 50 MSEK from majority shareholders

Alelion Energy Systems AB (“Alelion” or “the Company”) has received short term shareholder loans of 50 MSEK (“Bridge Loans”) from majority shareholders Fouriertransform AB, Pegroco AB and Sammaj AB (“the Majority Shareholders”}. Today Alelion’s board also publish summons to an extraordinary general meeting on 2 April 2019. It is proposed that the general meeting decide to authorize the board amongst other things to make an equity issuance of shares for at most 135 MSEK (“the Equity Issuance”).

News

2018-09-03 Ministerial visit to Alelion's new factory powers up a shared green vision

Energy Minister Ibrahim Baylan discussed electric mobility, innovation and green energy with the West Swedish Chamber of Commerce and Alelion, while touring their brand new Lithium-Ion battery factory - at the heart of Sweden's largest green energy mobility initiative.

News

2017-03-02 Alelion is looking for new employees

Alelion is growing and is hiring to extend the team.

News

2016-12-13 New recruitments

Alelion reinforces with five new recruitments

News

2016-09-09 Cooperation between Alelion and Crown on Lithium-Ion forklift batteries

At the IMHX exhibition, starting September 13th in Birmingham, a selected range of Alelion’s energy storage products, such as the 48-Volt Lithium-Ion forklift batteries, will be visible at the Crown stand 10J61.

News

2016-09-08 Alelion continues expansion

We are pleased to welcome to our team Åsa Nordström and Magnus Spjelkavik.

News

2016-09-06 Alelion gets its first order outside of Europe. A distribution centre in Australia chooses lithium-ion batteries for their forklifts.

The total order value for the project runs up to SEK 12 million and Alelion has received its first partial order of SEK 4.45 million. A newly built central warehouse has chosen to equip its complete fleet of forklifts with lithium-ion-batteries from Alelion.

News

2016-09-05 Alelion undergoes ISO-audit without any remark

In September a current audit concerning ISO-9001 and ISO-14001 was performed without any remark

News

2016-06-21 Trading begins in Alelion on Nasdaq First North today June 21

Alelion Energy Systems AB (publ), a leading supplier of environmentally friendly lithium-ion energy storage systems for industrial trucks, implements listing of shares and warrants on the Nasdaq First North after passing the listing application. The first trading of the shares will be today 21 June 2016 and for TO1 on 30 June.

News

2016-04-11 Alelion Batteries AB is looking for a Sales Engineer

We are looking for sales engineers that likes and feels at home in an international environment.