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Galaxy Power Incorporated Announes Large Productivity Gains in Battery Manufacturing Process with Patented Quicksaver Formation Products

By Anonymous

July, 2003 -- Valley Forge Pennsylvania based Galaxy Power (www.galaxypower.com) proves that their patented QuickSaver Technology cuts battery manufacturing time. Galaxy Power is the leading provider of patented pulse charge battery formation technology. Pulse Charging is incorporated in Galaxy's new QuikSaver formation product line. QuickSaver Formation is the technology used for the manufacture and recharging of all types of batteries. Battery Formation is the battery industry term for the battery production process.

Galaxy Power announces QuickSaver Formation for battery manufacturers. Galaxy's QuickSaver Formation Product can provide for productivity gains in excess of 60 percent in manufacture, charging and formation of auto batteries, portable electronics batteries, medical device batteries and industry specific application back up power packs.

For Example: During the lead acid auto battery-manufacturing process. QuickSaver Formation allows production of new batteries without the replacement of the orginal battery acid. Replacing the original charge acid is a labor-intensive step that is needed today in the new charge process on a battery assembly line.

QuickSaver Formation also dramatically shortens the time on charge from the power utility and allows for large improvements in quality control. Shortened charge time equates to greater production throughput in the manufacturing plant. QuickSaver Formation revolutionized battery manufacturing and provides an impressive return on investment to the battery manufacturer. Using QuickSaver Formation the need to dispose of spent battery acid goes away.

Galaxy Power's core expertise is algorithims to form or supply the initial charge in newly assembled batteries. These alogrithms do Pulse Charging. Up until now, battery manufactureres have been using lengthy, uncontrolled formation processes requiring from 20 to 100 hours of charge time. Using older techniques battery manufacturers see a wide variation in battery quality. It is not uncommon to see 30% variation in calculated ampere charge levels in one battery production run. This causes manufacturers to assign low datasheet ratings to their products.

At the same time Galaxy's patented pulse charge formation methods dramatically reduce formation times. At the same time, QuickSaver Formation significantly improves battery performance and consistency. Galaxy's pulsed formation method allows batteries to be manufactured in 1/3 to 1/6 of the time. In addition QuickSaver Formation produces superior and repeatable results. To date Galaxy power has formed batteries for 4 battery manufactureres. A fifth manufacturer is providing unformed NiMH (Nickel Metal Hydride) battery cells. The initial test results show similar improvement using QuickSaver products.

Galaxy Power is the only company which has the expertise and patented technology to significantly improve existing battery formation processes. Due to the high growth in the Mobile Electronic Device Market, battery manufactureres are now under pressure to produce better longer lasting,low cost batteries. Because all practical battery technologyies are mature, QuicksSaver Formation technology is the only soluton battery manufacturers have to improve new battery performance, drive up quality and increase battery manufacturing productivity.

About Galaxy Power: Galaxy Power was started in 1996. Galaxy has core expertise in applied semiconductor engineering for battery recharge and manufacturing. It is a fabless semiconductor design firm. Galaxy has customers worldwide. Galaxy is a chosen vendor for NASA with installed technology in the International Space Station and the Space Shuttle. Galaxy is an ARM business partner. ARM is the defacto microprocessor standard for the mobile device market. Customers include Motorola, Sanyo, East Penn Manufacturing, Sony, Duracell, Sunbeam, Johnson Controls, Northern Telecom and others.

About Dolphin Nextgen Capital: DNG, LLC is an investment bank that has the assignment ot provide finacial advisement to Galaxy Power. Dolphin specializes in M&A, Private Equity and Venture Capital fund raising. www.dolphinnextgen.com

Safe Harbor Statement Under the private securities litigation reform acto fo 1995. This press release provides "forward looking statements" within the federal securities laws that involve potential uncertainties and risk. Business Risk includes market conditions that could cause results to differ materially from those projected by this press release.


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