Skeleton Technologies and Sumitomo Corporation sign distribution agreement

Skeleton Technologies, a leading manufacturer of ultracapacitors, has signed a distribution agreement with Sumitomo Corporation Europe to provide energy storage solutions for the hybrid electric and electric vehicle industry.

Skeleton Technologies and Sumitomo Corporation sign distribution agreement

Ultracapacitors are high power energy storage devices, which fill a vital gap in hybridization and electrification efforts in the automotive sector. With high power density, a recharge time of two to three seconds and over one million life cycles, ultracapacitors are unique in their ability to not only reduce CO2 emissions but also increase performance and be cost-effective for manufacturers.

In electric vehicles, graphene-based ultracapacitors can be used in tandem with lithium-ion batteries, doubling the battery lifetime and downsizing the cell receiving the peak power from ultracapacitors and the long-term energy from the batteries.

Taavi Madiberk, CEO of Skeleton Technologies, said: “We are excited to announce the agreement with Sumitomo Corporation Europe, it was a natural fit from the start. Sumitomo´s world-class distribution network and technical expertise in electrification enable us to expand our footprint in the automotive sector and tap into the company’s relationships with key players in the transportation industry.

Hidenori Eto, GM of Warsaw office of Sumitomo Corporation Europe Limited, added: “Ultracapacitors play an important role for high power applications in the transportation sector. Skeleton’s revolutionary technology has the potential to drive this industry forward and ensure that both manufacturers and customers alike, can reap the benefits of a hybrid approach to battery technology. We are looking forward to working with Skeleton Technologies and supporting them in growing the business.”


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