Lithium ion Batteries Projected 15% 0f Recrring Revenue
In the Spring of 06 QTWW acquired a 20% stake in Advanced Lithium Power (ALP). Now they have a signed MOU with an auto company in China to provide them with lithium batteries for their hybrids. QTWW projects that approximately 15% of their recurring revenue( after tecstar sale)will come this source (see investor report dated Dec 5,2007). Anyone know the competition ? What other companies will make lithium ion batteries for electic hybrids?