EnerDel Inc. and Altair Nanotechnologies Inc., two providers of energy storage solutions, have signed a strategic memorandum of understanding (MOU) to co-market and cross-sell their product portfolios.
According to EnerDel, the MOU will enable both companies to offer a broader line of lithium-ion-based energy storage systems. This agreement is effective immediately, and the companies will start representing each other's products as part of their regular sales efforts in the coming weeks.
"Altair Nanotechnologies has developed an impressive high-power, lithium-titanate product solution that complements our standard product line," says EnerDel CEO David Roberts. "We're pleased to be able to offer their products to our customers, which will be particularly useful in hybrid systems."
