Trojan Battery Company, the world's leading manufacturer of deep-cycle batteries, recently announced in a press release that it has entered a partnership agreement with Palladium Energy, a leading manufacturer of custom lithium-based battery packs, to develop clean energy battery solutions for a broad range of industries. With the partnership, Trojan will be able to expand its product offering related to lithium-based technology.
Both the companies will explore the development of lithium-based battery packs for use in key segments like renewable energy, golf, transportation, floor machine, aerial work platform, marine and recreational vehicles. Moreover, they will combine their expertise to develop lithium-based battery packs under the Trojan brand. The companies will try to work toward capitalizing on the growing market demand for lithium-based battery solutions as emerging market segments, such as renewable energy, take hold.
"As industry leaders in the development of innovative battery technologies, the partnership between Trojan and Palladium will allow us to provide the market the most advanced battery solutions to support the evolving needs and demands of Trojan customers," said Mat Segal, senior vice president of global business development at Trojan Battery Company, in a press release. "Broadening Trojan's product portfolio to include lithium-based solutions also better enables the company to expand Trojan's reach into new and evolving industry segments worldwide."
"By partnering with an industry leader such as Trojan, Palladium can produce battery packs for a wider variety of market segments," said Art Salyer, president and chief executive officer for Palladium Energy, in a statement. "The world's leading original equipment manufacturers and contract manufacturers already trust Palladium's power solutions, but this partnership will catapult our company into new and emerging verticals and medium, and large format applications, allowing us to have an even larger role in powering the world with green technology."
Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.
Edited by Rich Steeves
