ExxonMobil Scientist Participates in U.S. Chamber of Commerce Event on Future of Automotive Technologies

Category:

Wednesday, January 23, 2008 3:30 pm EST

Dateline:

HOUSTON

Public Company Information:

NYSE:
XOM

HOUSTON--(BUSINESS WIRE)--ExxonMobils Chief Polymer Scientist, Dr. Pat Brant, spoke at a U.S. Chamber of Commerce event today in Washington, D.C. about a new technology that is expected to help speed the adoption of lithium-ion batteries in next generation hybrid and electric vehicles. Brant said ExxonMobils technology enhances the power, safety and reliability of lithium-ion batteries for automotive applications.

Lithium-ion batteries revolutionized the small electronics industry because they are lighter and more powerful. They are desired by automakers for the same reasons, said Brant. ExxonMobils separator technology was specifically developed to address challenging hybrid and electric vehicle applications. Now that we have a solution, we expect this to really take off.

The seminar, titled Future of Automotive Technologies, explored promising automotive technologies and addressed how breakthroughs will affect energy markets and the economics of the transportation sector. Brant concluded his remarks by noting other ExxonMobil technologies that are already improving the energy efficiency of todays vehicles, including tire innerliners and lighter-weight plastics.

ExxonMobil works closely with leading automakers and suppliers worldwide to help reduce the weight of todays automobiles. This improves fuel efficiency, helps reduce greenhouse gas emissions and lowers manufacturing costs, Brant said. For example, today's plastics have revolutionized the design of auto body exteriors and reduced the weight of automobiles by 500 to 750 pounds. From bumpers to door panels, light-weight plastic gives cars better gas mileage and allows designers and engineers the freedom to create innovative concepts that otherwise might not be possible.

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