Lithium-Ion Battery Maker Leyden Energy Unveils Its First High-Performance Cylindrical Battery for Electric Vehicles

LONG BEACH, CA--April 14, 2011: Leyden Energy, Inc., a leading manufacturer of advanced lithium-ion batteries for the consumer electronics, energy storage and electric vehicle (EV) markets, announced today that it will provide its industry-leading high energy density, high-performance cylindrical battery cells for SSI Racing's marquee Dream Car at the annual Toyota Grand Prix of Long Beach. The Dream Car, which holds three world records and accelerates from 0-60 MPH in three seconds, will be on display at the Long Beach Convention Center from April 15 to 17.

“Through our partnership with SSI Racing we can demonstrate the exceptional performance and reliability of our high density batteries, proving that you do not have to sacrifice power to be environmentally friendly.”

SSI Racing’s use of Leyden Energy’s cylindrical battery cells in SSI Racing’s Dream Car--a converted 1965 Coupe--will be the first time that Leyden Energy’s cylindrical form factor will be deployed in an electric vehicle. Backed by a market-leading warranty, Leyden Energy’s batteries are designed to last longer than other leading batteries and have the ability to operate at higher temperatures, making them suited to commercial and car-kit electric vehicles. Leyden Energy’s proprietary Imide technology delivers high power and high energy density enabling its automotive batteries to outperform other leading lithium-ion batteries and deliver twice the drive time than iron-phosphate batteries.

“All of SSI Racing’s cars are crafted with blood, sweat and tears, so we are very careful about the batteries we use to deliver the power and superior performance our cars require,” said Michael Kadie, owner of SSI Racing. “As we look forward to breaking more records with our converted cars and introduce our conversion kits to the public, we are confident in Leyden Energy’s ability to deliver a market-leading product we can rely on.”

Also on display at the Grand Prix will be the E2/SSI Electric Conversion Kit featuring the E2 drive train and the new Interchangeable Leyden Battery Module, which is designed to be utilized in a number of different configurations for cars and small trucks. Once systems have been tested and perfected, the E2/SSI Electric Conversion Kit and the Interchangeable Leyden Battery Module will be the first complete EV conversion kit available for the public to purchase.

“With the Obama administration setting the goal of one million electric vehicles on the road by 2015, Leyden Energy is proud to be at the forefront of commercializing a battery that can help make this goal possible by affordably meeting the high demands of electric vehicle manufacturers,” said Aakar Patel, president and CEO of Leyden Energy. “Through our partnership with SSI Racing we can demonstrate the exceptional performance and reliability of our high density batteries, proving that you do not have to sacrifice power to be environmentally friendly.”

About Leyden Energy, Inc.

Leyden Energy is a manufacturer of advanced lithium-ion batteries for the consumer electronics, energy storage and electric vehicle (EV) markets. The company’s patented and proprietary cell technology addresses the shortcomings of previous generations of lithium-ion products by offering improved energy density, superior product life and optimal safety, even in high temperature environments.

In 2011, Leyden Energy was recognized by the United States Advanced Battery Consortium (USABC), in the form of a government grant award for lithium-ion advanced development with a specific focus on developing electromechanical energy storage technologies which supports the commercialization of hybrid and electric vehicles. Backed by Lightspeed Ventures, Sigma Partners and Walden Capital, Leyden Energy’s pilot manufacturing, testing facility and executive offices are located in Fremont, Calif. For more information, visit Leyden Energy .