ACME signs strategic agreement with Samsung SDI

ACME has announced that it had signed an exclusive and strategic agreement with South Korean energy storage system, Samsung SDI for the manufacturing and marketing of lithium ion batteries in telecom, solar power, defense sectors and other allied industries in India and the African continent.

Samsung SDI being world’s biggest Lithium Ion Battery manufacturer and leader in technology and innovation is our partner for manufacturing and marketing Energy Storage System (ESS) solution in India and Africa.  We believe the unique strength of the two partners will be able to create and offer disruptive and right solutions for the Indian market to resolve issues related to back up power and distributed generation, said Manoj Kumar Upadhyay, Chairman and Managing Director, ACME.

KH Kim, Vice President, Marketing and Sales, Samsung SDI said, By this strategic alliance with ACME, Samsung SDI will make a milestone to expand our business of the energy storage system in India and Africa market. As a leading company of LIB-ESS industry, we will keep continuing to explore the market in India and Africa. We believe, with Samsung’s quality, capability and ACME’s network, we can reach our goal to become No.1 in this LIB-ESS business.

As per the agreement, ACME will be the Sole Partners of Samsung SDI in India and Africa markets, has the exclusive right to use Samsung SDI’s technology and will aim sale of up to 110 MWh of lithium ion batteries by FY 2016in the above two regions.