Expion360 Announces Next Generation GC2 and Group 27 Series LiFePO4 Batteries for Recreational Vehicles

Rhea-AI Summary

Expion360 Inc. (Nasdaq: XPON) has announced the launch of its next generation GC2 and Group 27 series lithium iron phosphate batteries, featuring advanced technology such as Vertical Heat Conduction™, Bluetooth® and CAN Bus Communication. The new batteries offer higher amp-hour options and increased energy density by up to 32 percent. They are designed for use in RVs, marine vessels, and off-grid systems, and will be available for purchase through dealers, wholesalers, private-label customers, and OEMs nationwide.

Insights

Energy Storage Technology Expert

The introduction of Expion360's next-generation GC2 and Group 27 lithium iron phosphate (LiFePO4) batteries represents a significant advancement in the energy storage sector. The reported 32 percent increase in energy density due to breakthrough cell technology could have profound implications for the efficiency and longevity of power storage solutions. In applications like recreational vehicles and off-grid systems, where space and weight are at a premium, this increase allows for more energy to be stored in a smaller footprint, potentially reducing costs and improving user experience.

Moreover, the proprietary Vertical Heat Conduction (VHC) technology is a notable development. Effective thermal management is crucial for battery performance, especially in demanding environments. VHC could enhance the reliability and safety of these batteries by ensuring that they operate within optimal temperature ranges, thus potentially extending their life span and reducing maintenance requirements. This innovation could set a new standard for internal heating systems within the industry.

Electrical Systems Integration Specialist

The integration capabilities of Expion360's batteries, including Bluetooth® and CAN Bus communication, are particularly relevant for modern electrical systems. Seamless communication between batteries and power systems is essential for efficient energy management and monitoring. The inclusion of these features facilitates the integration of batteries into complex systems, such as those found in RVs or marine vessels, offering end-users a more intuitive and user-friendly interface through the SmartTalk™ app. This level of connectivity is becoming increasingly important as consumers demand smarter and more integrated power solutions.

Market Analyst

From a market perspective, the launch of Expion360's enhanced LiFePO4 batteries could potentially capture a larger market share within the energy storage industry. The move towards higher capacity options reflects a growing consumer demand for energy-intensive applications. As the market for RVs, overland vehicles and off-grid living continues to expand, the company's focus on customer experience and serviceability, such as the serviceable top feature for Group 27 batteries, positions it well to capitalize on these trends. However, the competitive landscape is fierce and the company's ability to maintain a technological edge and strong distribution channels through its 300 dealers and wholesalers will be crucial for its market performance.

Latest Advancements in Power Technology Feature Proprietary Vertical Heat Conduction™ Internal Heating, Bluetooth® and CAN Bus Communication

Breakthrough Cell Technology Increases Energy Density by up to 32 Percent

REDMOND, Ore., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, today announced the launch of its next generation GC2 and Group 27 series lithium iron phosphate (“LiFePO₄”) batteries designed for use in a variety of applications, including recreational vehicles (“RV”), overland vehicles, van builds, marine vessels, and off-grid systems.

The popular line of 12V GC2 and Group 27 LiFePO₄ batteries are engineered with advanced LiFePO₄ chemistry to optimize power and performance in demanding environments. The new versions now include higher amp-hour options and the latest advancements in power technology features, including Expion360’s proprietary Vertical Heat Conduction™ (“VHC™”) internal heating, Bluetooth® and controller area network (“CAN Bus”) communication.

“With more than twenty years of combined experience in both the RV and solar industries and a comprehensive product portfolio, we continue to innovate with our next generation lithium-ion batteries and technology,” said Brian Schaffner, Chief Executive Officer of Expion360. “Developing products based on listening to our customers’ needs is a key commitment, which is supported by cutting-edge technology, rigorous testing, and a commitment to reliability. Our latest updates to our GC2 and Group 27 batteries include seamless connectivity and integration with RV systems, along with the unmatched power and performance of our complete battery lineup. Our larger capacity options fit the increasing needs of customers to power their energy storage systems and accessories. We continue to focus on customer experience and a strong commitment to customer service.”

GC2 and Group 27 LiFePO₄ key technology features and capabilities include:

• VHC™ (Vertical Heat Conduction) - Proprietary, patent pending, internal heating system.
• Bluetooth-enabled - SmartTalk™ app integrates and manages multiple Expion360 Bluetooth-enabled batteries seamlessly.
• Controller Area Network (CAN Bus) Communication - CAN Bus capabilities ensure seamless integration with electrical system systems communication, facilitating efficient and reliable communication between the battery and the power system.
• Advanced Battery Management System (BMS) - Protects the battery from high/low voltage, short circuit, overcurrent, and high/low voltage charging.
• 4.0Ah and 4.5Ah Cell Technology - Expion360’s breakthrough cell technology increases energy density by up to 32 percent as compared to traditional cells (available in a GC2 size with 162Ah capacity and Group 27 size with 132Ah capacity versions only).
• Serviceable Top - Enables replacement of specific parts for warranty of service such as the BMS, internal heater and cell packs (available in Group 27 batteries only).
• Higher Capacities - GC2 Batteries are available in long-lasting 144Ah and 162Ah capacities, and Group 27 Batteries are available in 100Ah and 132Ah capacities.
  

The new series will be available for purchase through more than 300 dealers, wholesalers, private-label customers, and original equipment manufacturers (“OEMs”) nationwide. To locate your local Expion360 dealer or purchase Expion360 batteries and accessories online, go to expion360.com.

About Expion360

Expion360 is an industry leader in premium lithium iron phosphate (LiFePO₄ batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO₄ battery storage solutions that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. Please find the press release here.

The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.

The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com.

VHC, Vertical Heat Conduction and SmartTalk are trademarks of Expion360.
© 2024 Expion360. All rights reserved.

Forward-Looking Statements and Safe Harbor Notice

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate," or similar expressions. Forward-looking statements included in this press release include statements about the Company’s product features and capabilities, product development strategy and product distribution, as well as the Company’s growth strategy and expansion plans. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements.

Company Contact:
Brian Schaffner, CEO
541-797-6714
Email Contact

External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
XPON@mzgroup.us
www.mzgroup.us

FAQ

What is the ticker symbol for Expion360 Inc.?

The ticker symbol for Expion360 Inc. is XPON.

What are the key technology features of the new GC2 and Group 27 series lithium iron phosphate batteries?

The key technology features include Vertical Heat Conduction, Bluetooth-enabled with SmartTalk™ app, CAN Bus Communication, Advanced Battery Management System, breakthrough cell technology increasing energy density by up to 32 percent, serviceable top for warranty of service, and higher capacities.

Where can the new series of batteries be purchased?

The new series will be available for purchase through more than 300 dealers, wholesalers, private-label customers, and original equipment manufacturers nationwide.

What are the applications for which the new batteries are designed?

The new batteries are designed for use in a variety of applications, including recreational vehicles, overland vehicles, van builds, marine vessels, and off-grid systems.