E-One Moli Announces 1Q Revenues Reach Record High of NT$1,000 Million.
Taipei, Taiwan, April 30, 2008 – E-One Moli Energy Corp. (Molicel), a global lithium-ion battery developer and manufacturer, said Wednesday its first-quarter cumulative consolidated sales revenues was NT$1,000 million, 70 percent up compared with the same period a year ago, mostly because of sales contract with TTI group and global battery shortage.
E-One Moli(Molicel) first quarter revenue reached a record high of NT$1,000 million, representing a 70 percent increase compared with that in 2007. Because of the strong demand of battery in laptop computer, power tool, and military department, the company is at full capacity. Further, the company had signed exclusive sales contract with TTI group in 2003 for power cell “IMR26700”, used for cordless power tool. This exclusivity contract expired at the end of year 2007. Currently, worldwide power tool brand makers place orders with the company about high-power cell “IMR26700”. E-One Moli (Molicel) forecasts that there will have more brand makers to introduce the Li-Ion technology in cordless tools.
The company targets its business in the field of laptop computer, power tool, and electric car and is expecting consolidated sales revenues to be NT$5,000 million in 2008.
E-One Moli Energy Corp.
E-One Moli Energy Corp. is a global lithium-ion battery developer and manufacturer with leading market position and recognized brand (Molicel) in laptop computer, cordless power tool, and electric or hybrid-electric vehicles. The company offers a competitive advantage to customers in terms of design engineering, applications testing, and turnkey battery system solutions in portable & mobile devices. E-One Moli (Molicel) operates production facilities in Taiwan, Canada and mainland China. For more information, please visit www.e-one.com.tw.
2008 News