YUNASKO announce a licensing agreement with POWER TECH

KYIV, UKRAINE and HEBI, CHINA, January 2015. YUNASKO, a leader in research, development and manufacturing of ultracapacitor products, announce a licensing agreement with POWER TECH for the manufacturing and sales of high-performance ultracapacitors cells and ultracapacitor modules.

YUNASKO and POWER TECH announced that they have entered into a license agreement and under the terms of the agreement, YUNASKO will license ultracapacitor technology for use in public transportation i.e. hybrid new energy buses and vehicles, subways, trams and railroads and similar applications.
YUNASKO cells are pouch type, symmetric carbon-carbon energy storage devices with organic electrolyte. These cells have been tested at independent testing labs including JME Inc. in the USA and consistently show market leading properties and durability.

Dr. John R. Miller, head and founder of JME, Inc. comments on the testing results from his laboratory: "Measured life for the YUNASKO ultracapacitors exceeded manufacturer’s specifications. Cells have been designed to have minimum ESR and these cells have the lowest DC resistance and exhibit the highest charge/discharge efficiency. The pilot production YUNASKO capacitors exhibited the longest life in terms of capacitance retention. Even with tripling of resistance these capacitors still have very low resistance values."

POWER TECH has constructed a 10,000 square meter ultracapacitor manufacturing facility in Hebi City in the Chinese province of Henan, to meet the growing demand for energy storage in China. Power Tech will manufacture ultracapacitor cells and modules utilizing the proven YUNASKO technology.

Sample products will be provided to potential customers for evaluation during the first half of 2015.

Peer Nielsen, CEO of Power Tech:
"We are going into production now and we are very excited about the market opportunity and our license agreement with Yunasko. The Yunasko technology is clearly superior to the best available and we plan to provide the Chinese market with a product produced in China that is competitive on both performance and price”

Vadim Utkin, CEO of Yunasko:
“We believe there is significant opportunity for Yunasko’s technology across several different markets in China like buses, renewable energy and mass transit, so expanding our partnership should provide Power Tech the opportunity to benefit from the increasing demand for ultracapacitor solutions.
In the energy storage industry, it is advantageous to establish manufacturing operations in close proximity to the customer base, so we believe ramping up a manufacturing facility in China will help us bring our solutions to market more quickly and cost-effectively.”

About POWER TECH: PowerTech New Energy Co. Ltd. is a subsidiary of one of the leading and oldest film and tantalum capacitor factories in China with a sole focus on ultracapacitor manufacturing and sales. Power Tech is closely associated with the largest private university in China, Huanghe Science and Technology College based in Zhengzhou, Henan Province in the center of China.

About YUNASKO: Yunasko is a developer of proprietary ultracapacitor technology that is addressing the needs for highly reliable and power performance energy storage. This technology is ready for the large scale manufacturing by world-class electronics manufactures. Ultracapacitors can be used in a broad variety of applications, ranging from vehicles, heavy industrial machinery and smart grids to consumer electronics.

Press contacts:

Yunasko: Vadim Utkin, CEO. Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Power Tech: Peer Nielsen, CEO. Email: This email address is being protected from spambots. You need JavaScript enabled to view it.