Simplo Projects Shipping 10 Million Units in 2005

Simplo Technology, a Taiwan-based lithium-battery maker, forecasts that its shipments of notebook-use lithium batteries will grow from 7.5 million units this year to 10 million in 2005. They also project that consolidated revenues for next year will reach NT$12-13 billion, up from about NT$9.2 billion in 2004.

Simplo’s second China plant was recently completed in Shanghai. Monthly capacity for notebook lithium batteries is currently 1.1 million units. Simplo will add one more foreign notebook vendor to its existing customer list, which includes Hewlett-Packard (HP), Dell and Quanta Computer, in 2005.

HP will remain Simplo’s major client in 2005, with shipment proportions of 40%. Contributions from Dell will climb from 12% this year to 25% in 2005.