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Solicore, Ineltro Team up to Distribute Flexion® Batteries in Switzerland
Lakeland, FL—February 29, 2008—Solicore today announces it has entered into an agreement with Ineltro AG, leading Swiss distributor of electronic components, power solutions and embedded computers, to supply Solicore’s ultra-thin Flexion® batteries throughout Switzerland and Liechtenstein. This strategic partnership enables Solicore to expand its presence within Europe by leveraging Ineltro’s expert knowledge of the electronic manufacturing service (EMS) market and high-tech original equipment manufacturers (OEM) in the area.
While Solicore has solidified its position as the key supplier of power solutions for European smart card and bankcard manufacturers, partnering with Ineltro allows the company to penetrate the RFID and medical markets in Europe. As a major player in both of these arenas, Ineltro can create opportunities for Solicore to distribute its Flexion batteries for use in the medical industry for patient tracking and pharmaceutical uses, and in RFID applications such as powered tags, secure access controls and supply chain tracking. Ineltro has cultivated the necessary channels to best position Flexion batteries within their network of customers through relationships with power solution providers like Duracell, Sanyo and Tadiran.
“One of our clients came to us requesting the Flexion batteries for an RFID application,” says Thomas Bollhalder, product manager for batteries at Ineltro. “Flexion batteries’ unique flexibility and ultra-thin shape make it the ideal complement to our product portfolio. We are extremely excited to be able to distribute Solicore’s products and look forward to a long partnership.”
Flexion batteries are the thinnest, most flexible batteries in Ineltro’s portfolio, enabling them to fill the power solution gap created by customer demand.
“Our relationship with Ineltro marks an opportunity for us to begin to grow in different directions as we enter into the European medical and RFID markets,” says Robert Kovach, international sales manager at Solicore. “Acceptance of our product in the kind of diverse high-tech market Switzerland offers reaffirms our desire to expand and explore new areas with Flexion batteries.”
For more information about Solicore and its Flexion battery portfolio, please visit www.solicore.com.
About Solicore, Inc.
Solicore is a worldwide leader of embedded power solutions, offering its Flexion® product portfolio of advanced ultra-thin flexible lithium polymer batteries for powered cards, RFID and micro medical devices. Solicore’s advanced battery technology is ultra-thin, flexible, safe and environmentally friendly, and significantly enhances the capabilities of lithium-based batteries. For more information, visit www.solicore.com.
About Ineltro
Ineltro AG is an independent local distributor and representative for design intensive electronic and electromechanic components, embedded systems and solutions for microcontrollers and peripherals, power, embedded computing, electromechanics, wireless and lighting. We offer design support and technical advice to out customers, as well as matured and reliable logistic concepts from our local warehouse. Together with our suppliers and franchise partners from all over the world, Ineltro AG supports a broad customer base with a well balanced portfolio.
This press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause Solicore, Inc's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. Solicore, Inc. assumes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the battery industry, and changes in domestic and international market conditions, and foreign exchange rates.
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