Press release

GS Yuasa Lithium Power Awarded 2018 Boeing Supplier of the Year for Innovation

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GS Yuasa Lithium Power (GYLP) was presented with the 2018 Supplier of
the Year Award from The Boeing Company (Boeing) in the category of
Innovation at the 2019 Boeing Global Supplier Conference in Los Angeles,

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Boeing Awards GS Yuasa Lithium Power it's 2018 Supplier of the Year in the category of Innovation. ( ...

Boeing Awards GS Yuasa Lithium Power it’s 2018 Supplier of the Year in the category of Innovation. (Photo: Business Wire)

GYLP and Boeing entered into a Long-Term Agreement in April 2016 for the
supply of a range of space qualified lithium ion battery cells. These
cells can be deployed across Boeing’s Geostationary and Low and Medium
Earth Orbit satellite portfolios in support of both commercial and
government applications.

“GS Yuasa worked with Boeing to understand the mission requirements of
their satellite platforms in order to offer energy solutions that meet
their needs,” stated William Moll, former President of GYLP and current
Chairman of the Board. “As Boeing’s satellite platforms grow and evolve,
the energy requirements are expected to grow as well. GS Yuasa has
developed a lithium ion cell technology roadmap to be ready to meet the

Curtis Aldrich, the President of GYLP commented, “We are humbled to be
the recipient of this honor. This recognition of our ongoing commitment
to excellence is truly appreciated. This award recognizes not only the
hard work of the GS Yuasa team to provide best-in-class products and
service, but also acknowledges GS Yuasa’s vision of continual
enhancement of our space qualified cell portfolio. The Generation 4
chemistry of GS Yuasa Technology’s (GYT, Kyoto, Japan) LSE product line
allows Boeing to increase the energy density in their satellite
platforms without changing the existing space qualified battery designs.”

About GS Yuasa Technology, LTD (GYT)

GS Yuasa Technology is a subsidiary of GS Yuasa Corporation located in
Kyoto, Japan. GYT designs and manufacturers lithium-ion cells for
aerospace and specialty applications.

About GS Yuasa Lithium Power

GS Yuasa Lithium Power, Inc. is the United States subsidiary of GS Yuasa
focused on large format lithium ion battery system manufacturing for US
customers. Primary products are lithium-ion battery systems for
aerospace, defense, commercial, and industrial applications.