Date: Dec 11, 2014 Source: (
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Item 1.03 Bankruptcy or Receivership
On December 5, 2014 (the "Petition Date"), Lithium Technology Corporation (the "Company") filed a voluntary petition for relief (the "Chapter 11 Petition") in the United States Bankruptcy Court for the Eastern District of Texas, Alexandria Division (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code"). The Debtor expects to continue to operate its business as "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code during the pendency of the case under Chapter 11 of the Bankruptcy Code (the "Chapter 11 Case"). The Chapter 11 Case has been assigned Case No. 14-14527.
About LTC:
LTC is a global provider of power solutions for diverse applications. The company's product consists of large lithium-ion format cylindrical cells that deliver high power and high energy density. The company designs, engineers, builds, and customizes lithium-ion rechargeable batteries, complete with battery management system in the fast growing markets of vehicle traction and starter batteries. For additional information, please visit www.lithiumtech.com.
