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Korsair Holdings to Design and Market High-Tech LFP Accumulators

BERLIN -- (Marketwire) -- 02/05/13 -- Korsair Holdings AG (BERLIN: NOM), a technology and development company specializing in green technology investments and renewable energy projects, announces that it has entered into a partnership to design and market High-Tech accumulator devices under the name RUCELL. The new and highly competitive product line of high-capacity accumulators and accumulator systems is based on Lithium Ferro Phosphate (LFP) and will be designed particularly for the use in "green energy" related projects. The primary markets for Korsair to promote and sell the LFP accumulators will be in Europe and Africa.

The LFP accumulators are manufactured at a recently completed state of the art $400 million plant with total annual capacity of in excess 1 Giga watt located in Russia. The LFP-based accumulator technology, which will be used in the future Korsair accumulator product lines, has been developed by a Chinese-Russian Joint Venture in close cooperation with engineering teams, scientists and universities. LFP storage technology is the most advanced large-scale rechargeable accumulator technology today, offering unprecedented power density and operating temperature range without safety concerns. LFP accumulators offer even further advances, such as up to 25-year life cycle, over 3,000 charge cycles and rapid 20 minute charge time to 85% capacity, as well as 20 minute discharge time.

According to Steven Huynh, CEO of Korsair, "Being able to offer these High-Tech LFP accumulators to our customers would allow Korsair to provide a complete package of products and services to our customer reflecting progress made in our business plan that calls for bringing together technology, finance, and expertise in the alternative energy, waste energy, clean energy, clean water, clean air and other green technologies."

Mr. Huynh further commented, "We will be starting to design different devices of the LFP accumulators in order to offer and provide world class LFP accumulators to the particular needs of customers in Europe and Africa. LFP accumulators are used in a number of fields from transportation to solar and wind power generation, to auxiliary power storage and UPS systems."

About Korsair Holdings AG,
Korsair Holdings AG is a technology holding company managed by an international development group focusing on environmental and technical infrastructure projects related to renewable energy and green technologies. We are an entrepreneurial, market-focused, process-oriented group with a global thinking and acting. By combining environmental innovations with creative management and proven industrial leadership, Korsair Holdings AG strives to stay in the forefront of the green technology business.

Disclaimer; Forward-Looking Statements:
This or any other statement from KORSAIR HOLDINGS AG or any of its subsidiaries or its representatives contains forward-looking statements that are based on assumptions and estimations of KORSAIR HOLDINGS AG. Words such as "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project, "should" and "will" and similar expressions identify such forward-looking statements. Even though the management of the company believes that these assumptions and estimations are appropriate, actual results may differ substantially from such assumptions and estimations caused by various factors. These factors may include a change of the macroeconomic environment, of regulations in the business areas, in which KORSAIR HOLDINGS AG is active, changing license and partnership agreements as well as the general and particular legal framework. These forward-looking statements speak only as of their dates and have been reasonable at that time. KORSAIR HOLDINGS AG undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from KORSAIR HOLDINGS AG or any of its subsidiaries or its representatives does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of Korsair Holdings AG in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like KORSAIR HOLINGS AG, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.

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Contact:

Korsair Holdings AG
Poststrasse 10
6060 Sarnen
Switzerland
CEO Steven Huynh
E-Mail: [email protected]
Internet: www.korsairholdings.com

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