ZincFive®, the world leader in nickel-zinc (NiZn) battery-based solutions, announced today an agreement to license its nickel-zinc based UPS technology to Econolite, part of Umovity and the leader in One-Stop-Shop advanced traffic management solutions.
Effective today, Econolite will have worldwide rights to manufacture, sell, and service ZincFive’s industry-leading nickel-zinc based UPS technology to the intelligent transportation market. Previously, Econolite was ZincFive’s leading distributor in North America.
“ZincFive is excited to partner with Econolite to expand the availability of our safe, reliable, and sustainable technology,” said ZincFive CEO and Co-Founder Tim Hysell. “This partnership is founded on our common vision for a green, efficient future for the intelligent transportation industry. We are determined to use this vision as a catalyst for expanding accessibility and further adoption of our technology.”
Christian U. Haas, Econolite’s CEO, stated: “We are thrilled that ZincFive has chosen to expand our partnership, reaffirming their trust in Econolite’s ability to deliver on a global scale. This underlines our mission to improve mobility for humanity through advanced technology worldwide.”