Technology | 2010.01.05
Universal Power Group Signs Letter of Intent for Distribution of New and Innovative High-Performance Lithium Battery Technology
CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), today announced that it has signed a letter of intent to enter into a multi-year battery distribution agreement with K2 Energy Solutions, Inc., a developer and manufacturer of rechargeable battery systems for electric vehicles and energy storage applications. Under terms of the agreement, UPG will have the rights to market, distribute and sell K2’s complete line of lithium iron phosphate products. These produ
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