ZapGo Ltd to Begin Large-Scale Production of Carbon-Ion Cells, Signs Manufacturing Agreement with Li-Fun Technology Co., Ltd.

Next-Generation Cell, One of First to Reach Commercialization as
Viable Alternative to Lithium-Ion in Consumer Products

First Products to Launch in Early 2018

OXFORD, England & CHARLOTTE, N.C.–(BUSINESS WIRE)–ZapGo Ltd (Zap&Go), developer of Carbon-Ion (C-Ion) cells, a
fast-charging and safe alternative to lithium batteries, is on course to
begin manufacturing commercial quantities of its next-generation cells.
The company has concluded a collaborative partnership agreement with
Li-Fun Technology Co Ltd (Li-Fun), a large-scale manufacturer of
rechargeable lithium-ion batteries headquartered in Zhuzhou, Hunan
Province, China. C-Ion cells are one of the first to reach
commercialization as an alternative to lithium-ion.

Zap&Go’s technology will initially be used in electric scooters,
cordless power tools and robotic cleaners. The cells can be recharged in
five minutes or less instead of the current standard of several hours.
Products powered by Zap&Go cells are expected to be available in stores
and online in early 2018. The company expects to introduce further
products as manufacturing capacity grows.

The cells are designed to be manufactured using the same production
lines used for lithium-ion cells, thereby enabling high yield and
quality levels without the need to design or install new production
lines.

Stephen Voller, CEO & Founder of Zap&Go, commented, “Partnering with
Li-Fun will transform Zap&Go from the R&D stage to commercialization and
we look forward to bringing our disruptive technology to market. We
believe Zap&Go’s C-Ion cells may soon replace lithium-ion in certain
vertical markets where quick charging and safety are essential.”

Dr. Kent Tu, President & Founder of Li-Fun, commented, “We are pleased
and honored that Zap&Go has selected us to be its first large-scale
manufacturing partner. Our continual investment in state-of-the-art
manufacturing facilities has made Li-Fun an ideal fit for Zap&Go. We
look forward to a strong partnership and cooperation and to help bring
C-Ion technology to market for use in a wide variety of electronic
products.”

About Li-Fun Technology Co., Ltd

Established in November 2013 and located in National Hi-Tech Industrial
Development Zone in Zhuzhou City, China, Li-Fun Technology Co., Ltd is a
leader in the production of high-performance lithium-ion batteries.

Li-Fun, with approximately 450 employees including 50 R&D engineers,
focusing on production of lithium-ion polymer rechargeable batteries for
various mobile applications, aims to be a socially responsible corporate
citizen and technological innovator for future green energy. The company
has been working with major OEM/ODMs (Foxconn/Compal etc.) to deliver
millions of cells/packs for top international brands, and collaborates
with worldwide well-known corporations, laboratories and universities
(BASF/3M/Umicore/Dalhousie Canada etc.) on advanced materials research &
process development. For more information, visit: www.lifuntech.com

About Zap&Go

ZapGo Ltd is a technology company based at the Harwell Research Campus,
Oxford, UK with its US subsidiary ZapGo, Inc. located in Charlotte, NC.
A combination of novel nano-carbon materials alongside new
high-performance ionic electrolytes produces an ultra-fast, safe and
recyclable technology that charges in less than five minutes and
delivers very high levels of power to a variety of electronic
applications. For more information, visit: www.zapgo.com

Contacts

ZapGo, Inc.
Greg Osborn, 201-410-6699
[email protected]
or
Media:
DGI
Comm
Susan Forman, 212-825-3210
[email protected]