PATHION Closes Asset Purchase Agreement with Spider9 Energy Storage Systems

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PATHION has acquired the assets of Spider9, ensuring uninterrupted support for all Spider9 customers and a strong product roadmap

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We expect to double Spider9’s storage capacity using PATHION’s advanced cells in the near future, and that’s just the beginning,” said PATHION Chairman and CEO Mike Liddle

PATHION Inc. today announced that it has closed an exclusive asset purchase and licensing agreement with Spider9 Inc., a provider of energy storage systems (ESS) and robust software that deliver industry leading reliability and performance. The agreement includes all of Spider9’s intellectual property, licenses, and products. PATHION has begun to manufacture, market, and sell Spider9’s high performance, safe, and reliable energy storage systems under the name PATHION Power. It is providing uninterrupted support of Spider9’s current customers, expanding to a wider set of markets, and accelerating its product roadmap.

“After careful evaluation of a number of energy storage systems companies, PATHION rated Spider9’s systems and development teams as the absolute best. The addition of Spider9’s OSE (Operating System for Energy) modular software and energy storage platforms to PATHION’s applied materials and battery roadmap will provide our customers with an even more complete set of solutions. We expect to double Spider9’s storage capacity using PATHION’s advanced cells in the near future, and that’s just the beginning,” said PATHION Chairman and CEO Mike Liddle.

The product line up features an integrated lithium-ion battery energy storage system with highly sophisticated internal controls that optimize cell life and safety. It automatically reconfigures around individual problem cells and allows the hot-plugging of replacements – all without loss of power. In addition to these internal controls, the external side of the system supports the advanced functionality required to effectively manage micro-grids and hybrid renewable-grid configurations. Where the system interfaces to a grid, it enables both cost reduction from energy arbitrage and revenue generation via demand response.

“PATHION’s acquisition of Spider9 products enables a much wider set of customers to use our high performance systems that incorporate our proprietary cell management technology. This technology provides auto-reconfiguration in the field should a cell fail - with no loss in system performance, said Dave Park, Spider9’s Chief Operating Officer and now PATHION’s VP of Systems Engineering. “In addition, we support advanced features including sophisticated management of hybrid two-way inverters for environments that connect to both renewables and grids. All of our platforms provide advanced functionality, such as frequency and voltage synchronization, demand response, as well as remote monitoring and reporting. It is designed from the ground up to be safe and reliable.”

This agreement complements PATHION’s core business that focuses on advanced lithium-ion materials and batteries. These building blocks will serve to increase the energy density of Spider9’s products to deliver on an accelerated product roadmap.

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Dave Hurley
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