Boston-Power Sponsors International evGrandPrix Electric Vehicle Competition

WESTBOROUGH, Mass. and BEIJING, CHINA, May 15th, 2014- Boston-Power Inc., an industry leading developer and manufacturer of lithium-ion batteries and energy storage technologies, today announced its sponsorship of the 2014 International evGrandPrix race event held at the Indianapolis Motor Speedway on May 13th-15th. The event, organized by Purdue University, is an electric go-kart race and engineering design competition involving colleges and universities from the United States, China and Canada.

Now in its fourth year, the International evGrandPrix was launched in 2010 as part of Purdue's electric vehicle initiative to educate and train the workforce needed to design, manufacture and maintain advanced electric vehicles based on clean energy technologies. The teams were judged on their ability to demonstrate exceptional performance in terms of kart design, battery efficiency and race placement in the 50 lap event.

In addition to being the primary sponsor of this year's International evGrandPrix, Boston-Power donated its battery products to be used in the building of several of the karts' battery packs competing in the race. Boston-Power worked directly with teams at Purdue University as well as sponsoring the first-ever China team from Zhejiang University to participate in the event. Using Boston-Power technology in their karts, Purdue University captured 1st and 2nd place while the Chinese team was awarded "Best Team Effort" for their strong initiative and creativity in creating Zhejiang's first-ever electric race vehicle from the ground up.

“Sponsoring the evGrandPrix lets Boston-Power play a positive role in furthering the global knowledge and experience in the rapidly growing and vitally important electric vehicle industry," said Darren Bischoff, Boston-Power's Senior Marketing Manager. "By giving the students access to industry leading battery technology, they are faced with the same real-world challenges and opportunities as today's engineering professionals; when they enter the work force better prepared, we all win.”

The technology at the core of powering these battery packs is Boston-Power's industry leading Swing® 5300  high-energy density lithium ion cells. These cells are then used in conjunction with Boston Power's Swing Key® 442 block product which serves as a standard "building block" for electric vehicle (EV) battery packs. Together they offer industry leading energy density, unparalleled safety and ease of implementation that requires no cell welding by the pack builder. Boston-Power's next generation pack building system, Swing Ensemble®, is due out later this year.

This year, 21 teams from 10 schools competed in the event including a first-ever China team from Zhejiang University, Purdue University, University of Oklahoma, Southern Polytechnic State University, and the University of Windsor in Canada.

"The modularity and ease of assembly of the Boston-Power battery blocks allowed teams a hands on battery pack design and implementation experience that mirrors the design requirements of engineers in the field. The high energy density of the Boston-Power cells enabled teams to build some of the lightest and most competitivebattery packs that the evGrandPrix has ever seen," said EVC Racing CEO Grant Chapman.

As a leading developer of lithium ion battery technologies for the electric vehicle market, Boston-Power's products are being incorporated into a wide range of transportation applications spanning eBikes, low speed vehicles, passenger cars and electric buses around the globe.

ABOUT BOSTON-POWER

Boston-Power is a developer and manufacturer of next generation lithium-ion battery cells, blocks, modules and systems. Designed to fuel a wide range of applications, its flagship offerings, Swing® and Sonata®, serve as the foundation for a new era of longer-lasting, faster-charging, safer and environmentally sustainable batteries. The company's Swing® product delivers unmatched capabilities for Battery Electric and Plug-In Hybrid Electric Vehicles (BEV/PHEV), and energy storage applications. Sonata® delivers industry leading performance to a wide range of portable power and industrial applications.

Boston-Power is a global company with R&D centers in Westborough, Massachusetts, USA and Beijing, China, and mass manufacturing operations based in Asia. The company is funded by top-tier venture capital firms GSR Ventures, Venrock, Foundation Asset Management and Oak Investment Partners.

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Boston-Power logo, Sonata® and Swing® are trademarks of Boston-Power, Inc. Other brand names or product names are trademarks or registered trademarks of their respective owners. Boston-Power is an ISO 9001:2008 and ISO/TS 16949:2009 company.

For more information contact: [email protected]