HENDERSON, Nev., Feb. 8, 2012 (GLOBE NEWSWIRE) -- K2 Energy Solutions, Inc. (K2 Energy), a leading, privately held US developer of rechargeable lithium ion battery cells, modules, packs and systems announced today the ongoing expansion of its US and foreign operations.
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In the fourth quarter of 2011, K2 Energy began a significant expansion of its research, development and manufacturing facilities driven by wide acceptance of its lithium iron phosphate (LFP) storage, military and mobility products. A key driver of K2 Energy's power mobility business is growth in orders for military, zero idle, and utility applications for which the company's technology is uniquely suited.
To fulfill the demand, K2 Energy (a 2011 Inc. 100 company) is expanding its US footprint located in Henderson, Nevada and expects continued work force growth through 2012 that will complement the approximately 30% increase in staff already experienced during 2011. "It is very satisfying that we have been able to bring highly technical engineering and manufacturing positions to one of the most distressed job markets in the Country," noted Stewart Graham, Director of Operations and co-founder of K2 Energy.
The company has also acquired land rights in Suzhou Industrial Park, one of China's best high technology development zones, and held ground breaking for the first phase of K2 Energy's manufacturing expansion.
K2 Energy is working with state and local officials to bring an even larger battery production facility to Henderson, Nevada to take advantage of the unique opportunities available in the area, including the growing concentration of clean energy technology companies and a skilled workforce. "We will work throughout 2012 to identify the location and continue the development process which, once completed, will bring hundreds of much needed manufacturing and engineering jobs to Southern Nevada in addition to architectural, construction and related trade jobs," concluded Mr. Graham.
For more information about K2 Energy Solutions or any of its rechargeable battery options, visit them at the Electric Vehicle Symposium in Los Angeles, California, May 6th through the 8th, booth #931 or online at www.k2battery.com.
About K2 Energy Solutions, Inc.: K2 Energy is a leading developer and manufacturer of advanced lithium ion batteries, cells, packs, modules and systems for a broad range of mobile and fixed energy storage applications and a 2011 Inc. 100 Company. K2's customers include electric vehicle makers, utility companies, industrial equipment manufacturers and government agencies, among others opting for the safe, clean, cost effective and reliable alternatives to current battery technologies. K2 is a privately funded corporation formed and headquartered in the growing green technology hub of Henderson Nevada, with manufacturing and assembly sites in Nevada, Finland, and China.
Forward-looking statements in this news release are made pursuant to applicable securities laws. Words such as "expect", "anticipate", "estimate", "may", "will", "should", "intend," "believe", "Plan" and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by K2 Energy in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that K2 Energy believes are appropriate in the circumstances. Performance or achievements may differ materially from those expressed or implied K2 Energy will not update or revise any forward-looking statements, except as required by law.
