One Company in the red-hot battery technology space is bringing to market an AI driven technology to fix the world’s greatest problem associated with today’s batteries AND is bringing a patented disruptive battery management system to market that will revolutionize batteries forever.
That Company is Extreme Vehicle Battery Technologies Corp. (“EV Battery Tech” or “ACDC”) (CSE: ACDC, FRA: EVBT, Forum) and its platform can, among other things, utilize applied and interfaced Artificial Intelligence (AI) with a proprietary Battery Management System (BMS) that “learns” and improves in real time.
Stockhouse Editorial caught up with the Company’s President and Chief Executive Officer, Bryson Goodwin, to find out more.
There are many, many unique differences, but likely the most noticeable aspects are the benefits associated with real-time monitoring and remote maintenance. These benefits are obvious and take immediate effect. Better efficiency and longer life will be more evident to customers over the life of the battery.
AI allows the BMS to learn and adapt to environmental changes and constantly reviews individual cell performance in real-time to maximize life and performance.
I am also hopeful that our customers and all the other stakeholders in our Company notice the immediate environmental impact our batteries will have and how revolutionary our ESS manufacturing process is.
One huge difference will be to have a more accurate reading of the battery life and the ability to prolong the life of the battery. We were amazed by the fact that so many batteries were replaced in some cases because of a single faulty cell. We can fix it, isolate it, or tag the cell for possible removal at a later date. This does not affect performance or result in any downtime. In most cases the client won’t even know, and the system will just carry on.
The other more obvious benefit is the real-time collection of the meta data. Collecting this data will allow us to feed it into our AI technology to continually be improving our technology for future iterations. Getting better everyday is the only way to stay ahead of the competition.
EV Battery Tech was originally founded on Blockchain technology. The technology was used in financial transactions and verification software. Once we deliver our batteries to clients, we collect metadata in every application. We use it to not only provide real-time monitoring services, but we also use it to “teach” and improve our AI technology to create better and better iterations of our products each year. Metadata gives us the ability to always be better and deliver better results.
The second component to metadata is VALUE! Our system will be applied to numerous recycled batteries in various ESS applications in a multitude of environments and applications. We will literally be the only company capable of this and our system will capture individual cell performance in real time over years. This data has immense value to both the originator of the battery and their competition.
We find it important to note, that as our system is AI Integrated, we cannot record certain sensitive client aspects related to usage or destination and we can store data in a cloud location of their choosing with 100% privacy control.
We could not be happier to be partnered with IBT and RichPower. RichPower developed and patented the technology in Asia, which is the world largest market for batteries. They have several mega-factories and an amazing following. We are bringing this technology to North and South America together and they have granted our Company exclusive rights to their technology for these markets. We also have the rights to bring this technology to Europe and Africa.
I pride myself on building companies with strong teams. I am very proud to say that this is one of the best teams I have ever worked with and I believe that together we are going to be a very big success and revolutionize the global Battery Market.
The key to the future of “Green Power” lies in the technological advancements of batteries. We have seen everyone from Bill Gates to Elon Musk talk about this and invest billions of dollars in its pursuit. This is why our Company is so exciting, as we are on the cutting edge of this technology. Whether it be the shift from combustion engines to EVs or the move from fossil fuels to Renewable Energy, nothing is possible without battery technology. Right now, even the best EVs are a gamble if driven outside the city, where charging stations are only just starting to appear. Clearly there needs to be longer lasting and more efficient battery technology for electric vehicles. How about renewable energy? Most people do not comprehend the waste associated with renewable energy. Solar works during the day, but not at night. Tidal delivers massive energy, but only small windows. Wind turbines are great when the wind blows, but useless when it does not. This is what we call “intermittent power generation”. The intermittent nature of renewable energy means that it is not consistent and cannot be relied upon when the sun isn’t shining and the wind isn’t blowing. That’s where back up batteries are an absolute necessity. Our state of the art BMS and AI Integrated “smart” ESS products will deliver the technology and optimization that these industries have been waiting for. Whether it be by reducing renewable power curtailment, relieving transmission congestion or achieving full utilization of renewable energy sources, our technology will be part of this green revolution.
We were blessed to be partnered with a Company that has generated such a revolutionary technology that takes many years and many millions of dollars to develop. So, we plan on taking this technology and making a strong impact on both the EV and ESS markets in the first year. This will begin with customizing the technology for the North American market and then focusing on large clients to build the greatest awareness and collect the greatest amount of metadata.
We have a better solution at a better cost than our competitors so I believe we will achieve significant revenues in the first couple years and become one of the largest players in Battery market in less than 5 years.
We are in this for the long run, so it is not just about revenue targets. We are here to make drastic improvements to battery technology and revolutionize the way ESS is manufactured. Hopefully in the next 5 years we will be a household name known for exactly those things.
Sure, given the serendipitous nature on how we took this venture public, we have given shareholders have an unheard-of opportunity to get involved in a startup, especially at this stage and price. These opportunities are usually reserved for venture capitalists and never apply to the public. In our case we did not want 1 or 2 shareholders calling all the shots behind the scenes. We wanted a diverse base of individual shareholders as “partners” participating in the spectacular potential represented in our tech and give everyone an equal opportunity to get in on the ground floor. We look forward to sharing our success with all our shareholders and stakeholders in the years to come!
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