STUART, Florida., June 21, 2022 /PRNewswire/ — Advanced Cellular Engineering (ACE) announced that it has retained Societe Generale (SG), one of the world’s leading financial services groups, as exclusive financial advisor. ACE, a Floridadeveloper and licensor of next generation battery cell technology for electric vehicles, brings to market cost-effective battery chemistries and cell formats that extend vehicle range while maintaining the highest safety standards.
William TurlingtonHead of Mining, Metals and Industries Finance, Americas for Societe Generale, said, “We have long recognized the role that battery technology and electric vehicles will play as a key driver in our decarbonization and sustainability efforts and we believe that ACE’s technology will be a game We are very proud that Advanced Cell Engineering has trusted Societe Generale to advise it in the next phase of growth for the company.”
Societe Generale has been at the forefront of sustainable finance for over 20 years and has integrated positive impact solutions into all of its advisory, financing and investment activities. Societe Generale was recently named “Bank of the Year for Sustainable Development” by the International Financing Review (IFR) for its leading role in financing the energy transition.
“In seeking a financial adviser, we were looking for a company deeply experienced in the battery and electric vehicle sectors and with a proven track record of success. Societe Generale ticks all of these boxes and we are delighted to work with them,” said John Kaufman, founder and president of Advanced Cell Engineering. “Our technology represents a substantial leap forward in battery chemistry, and in a highly competitive battery and electric vehicle market, partners like Societe Generale are helping us validate and accelerate our path to market.”
About Advanced Cell Engineering:
Advanced Cell Engineering develops and licenses advanced lithium-ion battery cell technologies for the electric vehicle industry. The higher energy density of ACE’s advanced LFP battery technology will transform the electric vehicle industry by delivering significantly longer range in a safe and cost effective cell. The ACE team draws on unparalleled experience in the development and commercialization of innovative battery technologies. For more information, visit https://www.advancedcellengineering.com/
SOURCE Advanced Cellular Engineering