A base model (26V, 93 Ah) with CAN bus communication has been recently certified for air shipment (i.e. IATA/UN 38.3 testing) and is currently available for field testing with strategic partners in the material handling market.

In a field traditionally dominated by lead acid technology, lithium-ion is emerging as an attractive alternative due to its fast charge capability. The ability to perform high rate charges throughout the day eliminates the need for customers to swap batteries during multi-shift operation, greatly reducing battery inventory cost and space. This capability is further enabled by the growth of autonomously guided vehicles that can optimize charging time and never forget to charge when idle.

A Navigant Research report estimates that revenue from fuel cells, fast chargers, and Li-ion batteries in the material handling market will be $556 million in North America by 2020, compared to $121 million in 2013. Industry leaders such as Kiva, Toyota-Raymond, and Hyster-Yale have announced products or product testing with lithium-ion batteries.

We have been working closely with strategic partners in the material handling industry and we plan to position our new battery with LG Chem to be cost competitive and to provide our partners with a strategic edge in the material handling market.

—AllCell’s CEO, Said Al-Hallaj