Lithium Technology Corporation Powers Record Breaking Electric Vehicle



    PLYMOUTH MEETING, Pa., Feb. 28 /CNW/ -- The electric drag motorcycle
powered by Lithium Technology Corporation ("LTC") (OTC: LTHU) set a new record
in the National Electric Drag Race Association (N.E.D.R.A) 96 volt class race
on February 18th. LTC's cutting-edge lithium-ion battery technology drove
ThunderStruck Motors' bike across the finish line of the 1/8 mile race in
7.169 seconds at 93 miles per hour (mph). The previous record was 8.667
seconds at 78 mph.
    "We are pleased to co-sponsor the ThunderStruck bike and lend our
technology to a movement that increases public awareness of electric vehicle
(EV) performance and encourages advances in EV technology," commented Dr.
Klaus Brandt, chief executive officer of LTC. "With this record breaking race,
we have once again proven the superiority of our battery technology."
    In addition to setting the record for the 1/8 mile race, the bike proved
faster in the 1/4 mile than all the other bikes up to 240 volts. The battery
behind the power and speed of the ThunderStruck bike weighs only 53 lbs. and
consists of 72 of LTC's 7.5Ah DD cells, with a total of 2 kWh available
energy.
    "With the help of LTC we have taken a leap forward," stated Brian Hall,
owner and operator of ThunderStruck Motors. "Unlike many companies that
seemingly jumped on the lithium band wagon within the last few years, LTC has
been has focused solely on the development and production of large format
lithium-ion batteries for more than ten years. They can offer the product
today that others only talk about being able to offer in the future."
    N.E.D.R.A is made up of a coalition of drag racing fans, electric drag
racing vehicle owners and drivers, EV parts suppliers and manufacturers, and
other environmentally concerned companies and individuals who are also
interested in promoting the sport of EV drag racing.
    From racetracks to highways, to the depths of the ocean and up into
space, LTC is powering the world in extraordinary ways. The Company
manufactures a range of cells with two different types of chemistries. Both
chemistries coupled with the company's innovative end-to-end manufacturing
processes and proprietary design and assembly techniques, allow LTC to provide
large high performance cells unmatched by any other product.
    About Lithium Technology Corporation: Lithium Technology Corporation
(LTC) is a global provider of large format rechargeable power solutions for
diverse applications, and offers the largest lithium-ion cells with the
highest power of any standard commercial lithium ion cell produced in the
western hemisphere. With more than 20 years of experience, LTC leverages its
extensive expertise in high power and large battery assemblies to
commercialize advanced lithium batteries as a new power source in the military
and national security systems, transportation and stationary power markets.
    LTC manufactures the GAIA(R) product line of large, high power
hermetically sealed rechargeable lithium-ion cells and batteries. The
Company's product portfolio includes large cells and batteries from 10 times
the capacity of a standard laptop computer battery to 100,000 times greater.
LTC manufactures a variety of standard cells that are assembled into custom
large batteries complete with electronics (battery management systems) and
electronics to communicate with other components of the system for performance
monitoring.
    LTC headquarters are located in Plymouth Meeting, PA and R&D in
Nordhausen, Germany. LTC sales for the U.S. and European markets are managed
out of each of the offices. For more information about LTC, its technology and
products, please visit http://www.lithiumtech.com .
    
    Safe Harbor for Forward-looking Statements:
    
    The foregoing information contains forward-looking statements, which
involve risks and uncertainties relating to such matters as financial
performance, technology development, capital raising, business prospects,
strategic partnering and similar matters. A variety of factors could cause
LTC's actual results and experience to differ materially from anticipated
results or other expectations expressed in these forward-looking statements.
This notice does not constitute an offer of any securities for sale.




For further information:

For further information: Allyson Curtis of Lithium Technology
Corporation,  +1-914-980-4879, info@lithiumtech.com Web Site:
http://www.lithiumtech.com

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LITHIUM TECHNOLOGY CORPORATION

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