Caterpillar invests in Lithos Energy, a U.S.-based battery expertise firm that produces lithium-ion battery packs.
“Caterpillar’s collaboration with Lithos helps our dedication to delivering strong electrified merchandise and options for our prospects,” stated Joe Creed, group president of Caterpillar’s power and transportation phase. “Cat gear – no matter its energy supply – is designed to function in essentially the most demanding circumstances. Lithos’ expertise manufacturing battery packs for equally demanding environments shall be an asset as we proceed our electrified product growth.”
Headquartered in San Rafael, Calif., Lithos focuses on designing, engineering and manufacturing shock-resistant and high-performance battery options for functions together with off-road and marine makes use of.
“We’re extraordinarily excited to be working with Caterpillar, particularly at a time when the main building equipment and gear producer is coming into a brand new age of effectivity and decreased emission operation,” commented James Meredith, CEO of Lithos Vitality. “This funding will allow Lithos to speed up expertise growth and scale up manufacturing capability as we sit up for offering more and more superior product choices to our new and present prospects.”
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window,document,'script',
'https://connect.facebook.net/en_US/fbevents.js');
fbq('init', '243187573041069');
fbq('track', 'PageView');
