Kontrolmatik Technologies Inc. and Pomega Energy Storage Technologies Inc. have signed a Memorandum of Understanding with Siemens Industry Inc. to establish an "Engineering and Solution Alliance" that will provide each other "priority" status in their areas of expertise.

This valuable collaboration aims to create a sustainable global battery ecosystem to enable the transition to a more sustainable energy system by combining the strengths of both parties. Within the framework of this agreement, which we expect to accelerate our energy storage operations in North America, we also aim to optimize and standardize the use of Siemens solutions at Pomega's first prismatic LFP battery factory in Türkiye and LFP battery factory in South Carolina with continuous support, conduct chemistry research for next generation