Lithium Iron Phos­phate is the bat­tery of the fu­ture

Electrical Monitor - - INTERVIEW -

Let us start by know­ing the key en­ergy stor­age tech­nolo­gies that In­dia could ben­e­fit from through Ul­tral­ife. Ul­tral­ife In­dia’s core com­pe­tency lies in cus­tomiz­ing en­ergy stor­age so­lu­tions for its clients. We work pri­mar­ily with lithium ion and very re­cently in­cluded lithium iron phos­phate, the lat­est com­mer­cial­ized bat­tery tech­nol­ogy that is gath­er­ing steam in de­vel­oped economies, into our prod­uct port­fo­lio. Lithium Iron Phos­phate is the bat­tery of the fu­ture, for now. De­fence and med­i­cal ap­pli­ances are very crit­i­cal mar­kets. Tell us about the busi­ness po­ten­tial in In­dia, and the im­por­tance of cus­tom-made so­lu­tions in th­ese niche ar­eas. De­fence and its var­i­ous or­ga­ni­za­tions have been among our es­teemed clien­tele since our in­cep­tion in 2007. De­fence ap­pli­ca­tions are mostly very crit­i­cal in na­ture re­quir­ing su­pe­rior de­sign and high pre­ci­sion. Ul­tral­ife In­dia prides it­self in de­vel­op­ing tai­lor-made so­lu­tions to meet very chal­leng­ing pro­ject re­quire­ments of de­fence ap­pli­ca­tions. Here the ges­ta­tion pe­riod is very long and we are wait­ing for pro­duc­tion or­ders of var­i­ous de­signed-in items. The po­ten­tial is huge.

The med­i­cal sec­tor in In­dia has grown ex­po­nen­tially over the last decade. Ac­cord­ing to FICCI es­ti­mates, this sec­tor is grow­ing at a faster an­nual rate of 15 per cent than 10-12 per cent seen in the health­care sec­tor in its en­tirety! As in de­fence, med­i­cal equip­ment is heav­ily qual­ity-de­pen­dent. Qual­ity, in Ul­tral­ife In­dia, is built into ev­ery step of our process and that en­sures the su­pe­rior qual­ity of our prod­ucts. While the sec­tor has sig­nif­i­cantly re­duced the in­ci­dence of dis­ease over the years, the pen­e­tra­tion of med­i­cal devices is still con­sid­ered low and the govern­ment is ex­pected to for­mu­late and im­ple­ment a reg­u­la­tory struc­ture to counter this. Again, the po­ten­tial we fore­see in this sec­tor is sub­stan­tial.

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