StoreDot Signs Agreement with New Manufacturing Partner, EVE Energy Co. Ltd.

TEL AVIV, Israel, November 29, 2018 /PRNewswire/ --

- Eve Energy Co. joins StoreDot's global network of industry-leading partners to expedite the manufacture of StoreDot's game-changing FlashBattery technology

- StoreDot technology enables a full charge of power banks, smartphones and electric vehicles in only 5 minutes

StoreDot Ltd, the nanotechnology and ultra-fast-charging energy-storage pioneer, today announces the addition of a new manufacturing partner, China based EVE Energy Co. Ltd (EVE). EVE will support the mass production of the first generation of StoreDot's FlashBattery technology for consumer electronics, enabling a full charge in only 5 minutes. With an initial focus on production for the Chinese market, EVE is also expected to help support a global roll out. This partnership will later extend to the production of StoreDot's second generation FlashBattery technology designed for use by electric vehicles (EV).

Listed on the Shenzhen Stock Exchange, EVE is the largest designer and provider of primary lithium batteries within China. It is one of the top tier suppliers of EV and Electricity Storage System (ESS) batteries, with over 1050 national patents for its technology. StoreDot and EVE have signed a 'Framework Agreement' which marks the start of a strategic cooperation and long-term partnership between the two companies. The scope of this cooperation includes; the production and evaluation of StoreDot's proprietary FlashBattery samples, production of StoreDot FlashBatteries at EVE's manufacturing facility, followed by the intention to build a joint manufacturing facility in China under a JV (joint venture) agreement.

"We are thrilled to be joining StoreDot on this journey," comments Mr. Liu Jincheng, Eve's Chairman of the Board and General Manager. "Ultra-fast charging batteries are an essential technology of the future, and by combining our manufacturing capabilities with StoreDot's technology prowess, we believe that we will soon be able to produce ultra-fast charging batteries to meet the diverse requirements of our customers."

"At StoreDot, we are proud of our ecosystem of strategic partners. From Daimler to BP, to Samsung and TDK, each partner is a leader in its respective fields and enables us to advance and improve the ecosystem necessary to support StoreDot FlashBattery technology. This will be initially optimized for power-banks and smartphones, but ultimately, for electric vehicles too," explains Dr Doron Myersdorf, CEO and Co-Founder of StoreDot. "The agreement with EVE has enabled us to add an additional manufacturing partner into the mix, therefore expanding our global manufacturing capabilities. We're excited to take this important step in StoreDot's journey of bringing ultra-fast charging from our labs to mass production."

About StoreDot

StoreDot Ltd. is a battery and materials innovation leader, developing ground-breaking technologies based on a unique methodology for the design and synthesis of both organic and inorganic compounds. Designed to replace known technologies with enhanced electro-chemical properties, StoreDot's proprietary compounds, combined with nano-materials, are optimized for various ultra-fast charging battery applications including mobile devices and electric vehicles.