Seeo : Awarded USABC Contract for Technology Assessment

High Energy Density Electric Vehicle Battery to be Independently Evaluated

Seeo, a leading developer of advanced lithium polymer batteries, today announced the award of a contract for technology assessment from the United States Advanced Battery Consortium LLC (USABC), a collaborative organization of FCA US LLC, Ford Motor Company and General Motors.

The contract encompasses three-party assessment of technical characteristics of Seeo’s high energy density batteries and validation of characteristics anticipated for electric vehicle applications. Co-funded by the U.S. Department of Energy, the contract has a value of $298,736, including a 50 percent cost share by Seeo.

“We are very pleased to engage with USABC and the major U.S. automobile manufacturers,” said Hal Zarem, President and CEO of Seeo. “As part of this contract Seeo will deliver several hundred cells from our pilot manufacturing line assembled in battery modules, each module providing 1.65 kWh storage capacity. We welcome the opportunity to independently validate their performance as we prepare to introduce the next leap forward in electric vehicle battery technology.”

Seeo’s DryLyte™ battery modules will be delivered to USABC for testing under a nine-month technology assessment program. These modules are based on Seeo’s current cell technology providing an energy density of 220 Wh/kg.

In a separate press release, Steve Zimmer, executive director of the United States Council for Automotive Research LLC, the parent organization of USABC, said, “We are pleased to announce the award of this contract to Seeo Inc. as part of USABC’s broad battery technology research and development programs.

"These programs are essential to advance the technology needed to meet both near- and long-term goals that will enable increasingly efficient and affordable vehicle electrification."

About Seeo

Seeo develops and manufactures advanced lithium polymer batteries for automotive and stationary energy storage applications based on Seeo’s patented DryLyte technology, originally developed at Lawrence Berkeley National Laboratory with sponsorship from the U.S. Department of Energy. Seeo has an exclusive license to core patents from Lawrence Berkeley National Laboratory and has more than 40 issued, exclusively licensed and pending patent applications. The company is headquartered in Hayward, California. For more information, visit www.seeo.com.

For more information on USABC, visit www.uscar.org.