Yokohama, Bolder Tech inks JV pact

Yokohama Ventures Sdn Bhd has entered into a joint venture agreement with Bolder Technologies Pte Ltd to manufacture
and trade thin metal film (TMF) lead acid batteries and related battery products.

Yokohama Venture is a wholly-owned subsidiary of Yokohama Industries Bhd while Bolder is an 80 per cent-owned subsidiary of GP Batteries International Ltd.

Upon signing the agreement, both parties will incorporate or acquire a company to be the joint venture company, Yokohama Industries said in a statement today.

"The company will have an authorised share capital of RM1 million divided into one million ordinary shares of RM1 each and an issued and paid-up share capital of RM999,999.00 divided into 999,999 ordinary shares of RM1 each," it said.

Yokohama Ventures will hold a 70 per cent stake in the company with the remainng 30 per cent to be held by Bolder, Yokohama Industries added.

The joint venture will allow Yokohama to gain access to Bolder's TMF technology.

"By combining TMF and Yoko's current battery know-how, there are
possibilities in developing high-powered batteries both for cranking and start-stop applications.

"Nearly all start-stop applications employ supercapacitors paired with an absorbed glass mat battery," Yokohama Industries added. -- Bernama