Friday, January 29, 2010
Flux Power Wins Wheego
San Diego-based Flux Power, the battery management technology spinout of LHV Power, said late Thursday that it has signed a battery supply agreement with electric car maker Wheego Electric Cars. Flux Power said it wil provide energy storage systems for Wheego's vehicle systems, including both its Full Speed Vehicles (FSVs) and Low Speed Vehicles (LSVs). Financial details of the deal were not disclosed. Flux Power develops battery technology based on extending the life cycle of Lithium batteries. Wheego's FSV has a top speed of 65 mph and a range of 100 miles.