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Mon, Nov 29, 2010

Bye Energy, Panacis Sign Agreement For Electric Aircraft Components

Companies Will Collaborate On Battery Storage, Control System

An aviation alternative energy technology company and a designer of mobile power products have agreed to collaborate on the development, integration and manufacturing of battery storage systems for Bye Energy's electric and electric-hybrid propulsion system for general aviation aircraft.

Bye Energy and Panacis signed the agreement earlier this week. In a news release Tuesday, George Bye, CEO of Bye Energy, said Panacis is an exciting, experienced developer of battery systems that is making a vital contribution to the program. "Panacis plays a critical research and engineering role in the assembly of our alternative energy system," Bye said. "Panacis technology will allow us to unlock the capabilities of our advanced lithium cells, making the electric Cessna 172 battery units among the most advanced in the world."

Steve Carkner, CEO of Panacis, sees that Bye Energy is expanding the possibilities of aviation power systems, and is creating a compelling showcase for Panacis' innovative aviation battery products. "Panacis has been turning heads in the aerospace industry with its high performing and efficient advanced lithium battery systems," he said. "We are excited to be part of this ground-breaking project, and are confident that our aircraft battery and power systems will enable Bye Energy to unlock and advance the performance potential of their electric propulsion system."



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