[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / January 20, 2015 / From cars you plug in to the newest laptop, technology continues to push the boundaries of innovation and with that there comes the rise of ancillary products. Lithium ion batteries have taken charge in this emerging space of efficiency and effective power delivery methods. These small power plants score big growth across a wide spectrum of industries. Consumer Electronics, Automotive, Industrial, and Power Grid & Renewable Energy sectors all involve some time of Li-ion power source. TechNavio's analysts forecast the Global Li-ion Battery market to grow at a CAGR of 13% over the period 2014-2019.
Recursos Montana SA (REMO) recently announced that the Company received notification from Enterprise Asset Management that the first payment as stipulated in the Memorandum Of Understanding signed in November 2014 to acquire the distribution rights to the Tanaris Systems Lithium Ion batteries, has been received. Furthermore, it is anticipated that Mr. Bruce Farmer and the Tanaris management team will step into the management offices of Recursos to take over the primary operational activities to be performed by Tanaris early in the New Year.
Tanaris Power develops Smart Lithium-Ion batteries and power solutions for various industrial applications. The company designs, engineers and produces some of the world's safest, highest performance, most reliable and flexible Lithium-Ion batteries. Recursos began to see an increase in trading volume on Friday as REMO stock traded more than 22 times its 3-month average and hit highs of $1.10 before closing the day at $1.06.
Gold River Productions, Inc. (GRPS) also began to see an increase in trading on Friday. The company announced in December that it had become current with the OTC and following a brief consolidation period, shares of Gold River have taken off. From a low price of $0.001, the stock has rallied by as much as 100% after hitting highs of $0.002 last week.
Gold River acquired AeroQuest Technologies, which specializes in combining various mixes of materials to offer innovative solutions. One of these focuses on light-duty electric delivery vans.According to Gold River's AeroQuest, lithium ion electric vehicle battery packs (http://www.atpanels.com/van.html) currently under development will reduce weight by nearly 50% over the lithium ion battery packs currently available while doubling the energy storage capacity.
Neah Power Systems, Inc.(NPWZ) operating through its wholly-owned subsidiary, is a micro fuel cell development stage company using a patented, porous silicon-based design to provide long-lasting, efficient, and safe power solutions for portable electronic devices, including notebook PCs and other power-hungry computer, entertainment, and communications products.
Earlier this year, the Company announced that it had signed a definitive agreement to merge with Shorai, Inc., a leading provider of lithium ion-based power sports and starter battery solutions for the consumer motorsport industry. This merger is expected to be immediately accretive with Shorai reporting over $4.0 million (unaudited) revenue in for the twelve months ended December 2014 and was cash flow positive for the fourth quarter of 2014.
Since the beginning of the year, Neah Power shares have jumped up in price by as much as 166% with volume remaining consistently above average. In response to this recent development, Neah Power CEO, Chris D'Couto stated, "Our customers, whether defense, commercial or consumer, want to see integrated power solutions that uses best of breed technologies in order to meet their mission critical needs. Completing this merger allows us to create product, operational and marketing, synergies to meet these customer needs."
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SOURCE: Daily Stock Reporter