Timeline
TIMELINE OF MAJOR EVENTS
| 08/2004 | Formation of Company |
| 02/2006 | Signing Letter of Intent with CITIC Guoan MGL of Beijing, China for DPS to supply battery cells and integrated modules |
| 03/2006 | Signing of Memorandum of Understanding with Q-Global Inc. of California, USA for supplying UBMs and co-development of advanced electric vehicle |
| 03/2007 | Partnership with a Li-Polymer battery manufacturer in Asia and an electric vehicle developer in USA to jointly develop Li Battery powered 3-wheel EVs |
| 10/2007 | Announcing testing of an innovative scalable battery system for Telecom and UPS applications with a battery manufacturer in USA |
| 12/2008 | Signing of JDA with one of the largest Chinese auto makers for building a new commercial electric vehicle using DPS’ UBM |
| 01/2009 | Entering a Field Validation Program with a high-end sports motorcycle and vehicle designer in France using DPS’ UBM |
| 01/2009 | Completion of 15,000 kilometers filed test of an electric scooter using UBM with the major motorcycle group in Chongqing City, China |
| 10/2009 | Signing a Li-battery supply contract to provide UBMs for EV prototype under development for First Auto Works of China, the largest Chinese auto maker |
| 11/2009 | Successfully developing a running prototype of a street racing machine with one of the largest European OEM and displaying in a major motorcycle exhibition in Italy |
| 12/2009 | Becoming a Volkswagen R&D partner providing a complete integrated drive train |
| 12/2009 | JDA with West Wahsington University, Vehicle Research Institute to supply lithium battery system for “Viking 45” plug-in-hybrid racing electric vehicle to participate in “2010 Progressive Automotive X Prize” competition. |
| 03/2010 | Securing Series A funding from Morningside Technology Ventures, Ltd.; beginning major expansion of technical and management capability, infrastructure building, and strategic partnership |
| 03/2010 | Signing of JDA with Polaris Industries, USA |
| 07/2010 | Signing of JDA with IAV GmbH, a leading German automotive R&D and system integrator for first tier German automotive OEMs |
| 07/2010 | X-Prize Project Ended - WWU using DPS’s battery system ranked #10 among 113 competition entries worldwide |
| 01/2011 – 06/2011 | Development of electric taxi battery systems for Wonder New Energy Corp in China and electric bus battery systems for Wuxi Industrial Development Group in China. |
| 09/2011 | Singing preliminary JV contract with Jiangsu E Motors Group in China to build a battery system integration facility in Jiangsu Province, China. |
| 05/2012 | Signing of JV contract with Jiangsu E Motors Group in China to build a battery system integration facility in Jiangsu Province, China. |
| 05/2012 | Start developing and building battery systems for Sunwin electric bus company in China (a JV between Shanghai Automobile International Corp. and Volvo) |