April 6, 2023: WaveTech announced on March 28 the signing of an agreement to test its patented Crystal Control Technology on electric forklift trucks.
WaveTech’s German subsidiary has signed a memorandum of understanding with rolled aluminium producer Niche Fusina Rolled Products for the trial of CCT — which, it says, enhances the performance and lifetime of lead batteries used in the energy storage sector.
The agreement includes field trials to monitor the improvements of treating lead acid batteries with CCT on forklift trucks at Fusina’s plant in Italy. The deal also marks WaveTech’s expansion into a new segment within the motive power industry.
WaveTech said the trial will help Fusina reduce operational and capital costs. It plans to use the opportunity to introduce its technology to suppliers and local industries around Fusina’s plant.
Dag Valand, WaveTech CEO, said: “This opens a new client segment for us, in addition to telecom towers, datacentres and UPS infrastructure.
“There are roughly 10 million forklift trucks in operation globally and about half of those are powered by electricity, representing a significant distribution potential for CCT.”
Batteries International reported last month that WaveTech had successfully completed the first commercial installation of its CCT tech with Maxis Telecommunications, a telecoms and service provider based in Malaysia.