Systems Sunlight: North Carolina Home to Battery Production Plant from International Technology Firm, Sunlight

DGAP-News: Systems Sunlight / Key word(s): Miscellaneous 10.06.2021 / 17:00 The issuer is solely responsible for the content of this announcement. North Carolina Home to Battery Production Plant from International Technology Firm, Sunlight SUNLIGHT invigorates US' domestic lithium battery production with new battery assembly hub - Sunlight to invest $150 million into the development of the US battery sector over the next two years - Company invests first $10 million into new subsidiary and assembly hub in North Carolina to help bolster US lithium and lead battery production capabilities Athens [XXX 2021] - Systems Sunlight (www.Systems-Sunlight.com), a global leader within the energy storage sector announces plans to invest $150 million into the development of the US battery sector over the next two years through a series of mergers and acquisitions. The first stage of this investment includes the launch of the company's first subsidiary and assembly hub within the United States. Having worked with local distributors across the US for the last nine years, the launch will aid Sunlight to better service existing and future customers and grow the US' lead and lithium battery market with the introduction of new battery applications. Following an investment of $10 million, the new subsidiary has a total floor plan of 105,000 square feet and an annual capacity of over 2 GWh in lithium and lead technologies. As a result, SUNLIGHT Battery USA is now the company's largest assembly hub worldwide, and supplements its existing European hub, based in Verona, Italy. The investment goes some way in supporting the US's ambition to create new clean-energy related jobs and has cemented Sunlight's presence in the USA, having already secured 15 partnerships within the country. Using leading-edge Industry 4.0 technology, the new state-of-the-art facility will bolster capacity, increase Sunlight's efficiency by reducing waste and streamlining delivery times as well as providing complete customer transparency. For the first time in the US, customers will be able to see the production process and witness quality controls by simply reading the QR code on the battery with a smart device. Commenting on the new subsidiary and assembly hub, Systems Sunlight CEO, Lambros Bisalas says: "COVID-19 has highlighted the need and demand for green energy and the US requires innovation and battery production support to compete with the Asian market. At Sunlight we have recently invested €105 million in R&D for innovative lithium technologies that will usher in a clean energy future. We are keen to utilize and apply this research to our product offerings in the US to aid its green energy ambitions. As a global energy storage solutions provider with distributors within Europe, Africa the Middle East and Latin America, this subsidiary and assembly hub will help bolster the US' position in the energy storage sector." Recently appointed Brian Faust, Vice President-General Manager at SUNLIGHT Batteries USA, concludes: "Our commitment to our customers here in North America will be to provide high-quality products, short lead times, and customer service that is second to none. We will focus not only on our existing products but on new technologies like lithium, which have the potential to change the way our customers utilize their equipment and make them more efficient at what they do. At Sunlight we will continue to look into the future and what lies ahead for the industrial battery sector within the US." To find out more about SUNLIGHT, please visit: www.Systems-Sunlight.com Distributed by APO Group on behalf of Systems Sunlight. -ENDS- For additional information or to arrange an interview, please contact Gong Communications, sunlight@gongcommunications.com; +44 20 7935 4800 10.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Systems Sunlight
	Greece
EQS News ID:	1206779

End of News	DGAP News Service

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