Viva to Acquire Advanced Energy Products

Viva International Inc. of Traverse City, Michigan, is in negotiations for the acquisition of Advanced Energy Products of Furlong, Pennsylvania. In November, Viva announced that it planned to develop and market a line of Li-ion aviation batteries.

Li-ion batteries are currently being used on advanced airframes such as the Lockheed Martin F-22 and General Atomics’ Predator Drone. Current projections are being made for use of Li-ion batteries on the next generation of airliners, including the Boeing 777. The benefits of Li-ion batteries are currently being validated in military applications and include weight, space and power. Previous internal estimates of first-year market potential revenues have been pegged at approximately $12 million.

“Together with the Flight Test Associates management team of James Paquette and Alex Wolfe we see the acquisition of Advanced as a major part of the lithium battery development program,” says Calvin Humphrey, Viva’s CEO and chairman.