The World's First EV Solid-State Battery Pack Solution Won the Gold of the Edison Awards

TAIPEI,April 5,2019 -- The Edison Awards Ceremony,one of the biggestannual eventsforthe innovativetechnology industry,was held on April 4th at the World Trade Center in New York,USA,where thetechnology giants gathered. Among the participants,the solid-state battery pack developed by ProLogium,a unicorn company specialized in solid-state battery,won the Gold for the category<Automotive Materials & Manufacturing>and became the only gold winner of exiting energy inAsia in the past 3 years,whileDowDuPont won silver and Axalta won bronze.

Vincent Yang,CEO of ProLogium receiving the award

Thefounder of ProLogium,Vincent Yang and the Executive Managing Partner of SBCVC,Chauncey Shey attendedthe AwardCeremony.

The Edison Awards,known asthe "Oscar Awardin Innovative Technology",has been around for 33 years. Every year,the judging panel of the Edison Awardsselectsand praisesoutstanding scientific research achievementsof the year that exhibit the spirit of innovation,making the Awardsone of the highesthonors in the innovativetechnologyindustry around the world. Technology leaders like Apple,Tesla,GE,Lockheed Martin,etc.have been granted with the Awards.

With battery being a fundamental science technology,it has significant impact on the whole vehicle performance,such as safety and mileage,thus next-generation battery tech is crucial to EV industry. Therefore,the focus of this industry is to create a safer battery with high energy density. And this is why ProLogium,the only company in the world with the capability of mass production of solid state lithium ceramic battery,becomes the industrial benchmark and the hot topic of investment sector.

On top of that,in addition to successful mass production of solid state battery,ProLogium is the first company to integrate the battery pack with BiPolar+ technology and the mechanism tailor made for solid-state battery,thus creating a solution that has greatly simplified the cooling system,BMS system,and protection mechanism of battery pack to increase the space utilization rate of battery cell (assembly efficiency) to 75%,which is 35% higher than conventional battery pack.

As a result,the volume of battery pack is reduced to 50% of conventional battery pack,weight is reduced by 30%,and the cost is reduced by 30% as well. This means that the driving distance of electric vehicle could be multiplied,EV can be a better replacement for gasoline car.

Currently the samples of ProLogium's solid-state battery have been sent to first-tier car makers in the world and tested for the planning of cooperation. The sample car will be introduced in Q4 this year.

This ambitious corporate doesn't stop here. ProLogium is opening up technology license to auto companies,battery makers and other related enterprises interested in investing in solid-state battery,aims to build the "Solid-State Lithium Ceramic Battery Alliance",approaching the highly competitive automotive battery market in short time by generating powers from licensee worldwide. In the end of March,ProLogium has signed an advanced licensing agreement with China's leading energy storage system manufacturer Narada Power Source,short-term goal is building 1Giga Wh plant.

Duringthe Ceremony,Vincent Yangsaidat the scene: "The BiPolar+battery pack has gathered ProLogium's achievementsin solid-state batteryR&D over the past12 years as well asthe mechanism design created based onthe characteristics of solid-state batteries. Our effort aims to improve the efficiency of battery pack through optimizingthe stability and safety of solid-state battery. Currently,our proposedsolution has been tested by several first-tier companiesworldwide.The recognition from the judging panel of the Edison Awards further strengthenedProLogium's beliefthat ourR&Dachievementsare disruptiveandEV pack solution hashigh potential in commercialization.

The Executive Managing Partner of SBCVC,Chauncey Shey,said in an interview: "In the field of new energy,most of the innovative technology R&D wasled by national researchinstitutions or laboratories. Now,startupcompanies like ProLogium who have led the industry in terms of battery technology,mass productionand business operationare very rare. Therefore,we are hoping that ProLogium canbe a leader ininnovation not only forthe solid-state battery industry,but also forthe entire new energy industry."

When talking about the entrepreneurial process,Vincent Yang mentionedthat: "It is very difficult to make solid-state batteries. In the past few years,many people doubt that we can be successful. However,I know that we areon the right path. Even if I was laughed by99% of people,I still have tomoveon. Now,asa startup company,ProLogium Corporation'stechnology and products have been recognized andwon Gold Awards with these topindustrialgiants. Our next step is to keep going,realizing the industrialization and commercialization of solid-state battery."

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