Industry First Enables Full Realization of LFP Benefits
LAKE ELSINORE, CA–(Marketwired – April 10, 2013) – IDS Solar Technologies, Inc. (OTCQB: IDST) announced today the completion of the company’s first Battery Management and Charge Controller System (BMCCS) specifically designed for use with Lithium Iron Phosphate (LFP), a cathode material increasing in use due to its superior safety, lower cost, greater power density and longer lifespan. This system is the first in a line of technologies being developed by the Company.
The Company intends to gain a competitive advantage in the portable solar power field through incorporation of the proprietary control system into its family of solar power generators and will sell the system through Original Equipment Manufacturer (OEM) channels currently being developed.
This new technology is the first to integrate a battery management system and a charge controller with an intuitive full color thin-film transistor (TFT) touch panel display thus providing a lower cost and ease of use with Lithium Iron Phosphate. A 32-bit microprocessor is featured along with an open architecture making the system “future proof.” This demonstrates one facet of the Company’s product strategy, which is the development of systems readily adaptable as future technology and designs advance. This latest advancement was accelerated by the recent addition of Randy Sindelar as Vice President of Research and Development, which was announced on February 19, 2013.
The Company’s first Battery Management and Charge Controller System prototype is complete and the testing of its power electronics was successful. The testing and debugging of its software is in process. Upon completion of all testing, the appropriate patents will be filed. Limited production of the system is now targeted to commence in early June 2013, with its full production scheduled for July of this year.
“With the growth of LFP as a safe and lower cost alternative to other Lithium Ion storage media, we see a large market opportunity in providing control electronics that maximize the benefits and ROI in LFP,” stated Mr. Sindelar. “The dynamic optimization of the control algorithm and precise controllability of charge functions provides material benefits and improvements over what is currently available.”
About IDS Solar Technologies, Inc.
IDS Solar Technologies is a GIIRS-rated developer, designer, manufacturer and seller of portable solar power generators for use by consumers, industry, government, and emergency management relief worldwide. Advantages of solar-based over fossil-fuel portable power include lower operational cost, superior reliability, greater sustainability, and expanded utility due to zero exhaust, a smaller footprint and quiet operation.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Growth Capital Partners